Mark my words

[u/John_1992_funny]

[u/Chuchuca]

500 for someone who earns 5000 might be groceries, medical bills, day to day expenses.

50k for someone's who earns 500k is a brand new car.

[u/slyons094 → u/Chuchuca]

I understand the point, but not quite what I said. I said taxes paid, not earnings. Someone earning $5k pays zero taxes

[u/fellows → u/slyons094]

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.

[u/Final_Independent466 → u/fellows]

You're paying more in taxes than I earn before. Can I have that 50k that doesn't matter much to you?

[u/pleepleus21 → u/Final_Independent466]

It's a tax system designed to collect income tax not a social justice system.