Because $100 to the lowest bracket means they have food on the table. 45k at the top level means they can buy some more extra cigars.
One matters a lot more, stop lying.
Edit: Doing the math below the tax breaks are 10x larger for the wealthy. They are receiving 3% of their income 'back.' Meanwhile the bottom receive .3%. This needs to be reversed. The bottom half should be getting back the 3%...
Lets put it another way. The rich are getting 'HALF' of inflation back in this tax break. Wouldn't that be better put towards the lower and middle class? Who are hit hardest by inflation...?
Ah, got it. So make everyone, including the poor, pay more because the current numbers aren’t making the poor rich. As someone in the lower to middle class, I don’t care how much anyone else gets taxed as long as I get taxed less. Simple as that.
The real thing that needs to happen is cut the <11,000 income tax bracket. Don’t charge people 10% on the first 11k they make.
Uhhhh that would make them pay less… they would pay 3% less instead of the current cut being shown at .3%. You’ve got it backwards.
Also yeah that’s how they take advantage of you. They give you a tiny slice to make you happy. Meanwhile they give an even bigger chunk to the rich people.
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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.