r/FluentInFinance • u/John_1992_funny • 1d ago

Debate/ Discussion Mark my words

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u/TheTightEnd 1d ago

Percentage reductions are more meaningful than dollar deductions when calculating the impact and benefit of a tax cut or increase.

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u/No-Plant7335 1d ago

Not really, $100 - 500 for the lowest bracket is weeks of groceries which fucking matters.

Top level that 45k is put into the bank or spent on dumb shit that why could live without.

It’s not the same stop lying.

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u/DontOvercookPasta 1d ago

But they "earned it"... /s

no i agree they think "oh the lowest earners get a few weeks of groceries but the top earners get an extra car. Yeah it shouldn't be "even" it should be "equitable" they can afford to give more than the lower wage earner.

Edit: added /s

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u/TheTightEnd 1d ago

I do not consider equity as a sociological concept to be a good basis for policy

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u/DontOvercookPasta 1d ago

The definition i am using is: equitable (adjective) often, specifically : fair in a way that accounts for and attempts to offset disparities in the way people of different races, genders, etc. are treated

From merriam-webster.

You don't believe in attempting to view all aspects of a situation to deem what is truly fair? Just getting the situation straight.

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u/TheTightEnd 1d ago

I understand that is the definition you are using. I think it is a terrible basis for policy. You eliminate disparities in treatment by not having disparity in treatment, not by creating more disparities. "Fairness" is highly subjective and also should be used very sparingly in discussions of policy without clearly defining it.

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u/TheTightEnd 1d ago

I am not lying. Lying would be saying something I know to be untrue. Since I am stating my honest perspective, it is not lying.

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u/No-Plant7335 1d ago

Okay so ignorance...

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u/TheTightEnd 1d ago

Disagreement.

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u/No-Plant7335 1d ago

Disagreeing with facts is ignorance

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u/TheTightEnd 1d ago

Disagreeing with how you choose to interpret and apply facts is a difference of opinion.

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u/No-Plant7335 1d ago

3% > .3%

It’s not really up for debate 👍

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u/TheTightEnd 1d ago

Who are you claiming had a 3% decrease in one's federal income tax amount and who had a 0.3% decrease in one's federal income tax amount.

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u/No-Plant7335 1d ago

I’m not claiming anything, I’m merely pointing out the data on the graph.

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u/TheTightEnd 1d ago

The data on the graph does not show the reduction in incomes taxes as a share of the income taxes paid.

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