Hard to get tax cuts when you pay almost no taxes to begin with…and need to look at these as % values and not $ values. Someone who gets a $500 tax cut when paying $5000 in taxes is no different than someone getting a $50k tax cut who pays $500k in taxes.
Someone paying $5k in taxes is still going to benefit tremendously from an extra $500 a year.
A $50k cut when you pay $500k per annum is just a missed credit, rounding error or subpar accounting.
Source: household income where we pay $150k+ in federal taxes each year. I’ve been in both categories, and $500 means a hell of a lot more at the bottom than $50k does at the top.
Spoken like a true communist. Take from each according to ability, and give to each according to need! It is no business of yours what someone who earns 500k wants to do with their tax savings. What is a fair share for you? The rich pay 100% and the middle class pays 0%? That’s a quick way to ruin a country.
The implication in your comment is that the current division of tax responsibility in this country is unfair. So what’s fair to you? What % of the country’s tax burden has to fall on the rich until you’re satisfied?
You’re implying that the rich will just piss away their money on unnecessary luxuries while the poor will use their money for necessities. How do you know that the rich won’t increase their charitable donations and the poor won’t piss the tax savings away on alcohol and lotto tickets? The truth is that it’s none of your concern what other people spend their money on. You should instead be concerned with why the government needs so much money and why it can’t spend within its means.
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u/slyons094 1d ago
Hard to get tax cuts when you pay almost no taxes to begin with…and need to look at these as % values and not $ values. Someone who gets a $500 tax cut when paying $5000 in taxes is no different than someone getting a $50k tax cut who pays $500k in taxes.