T Paws Tax PlanPosted By Dave Snope |
What a poorly presented, one-sided, biased article. Class warfare disguised as journalism. Par for the course for CNN. Leftists.
Some people are only interested in punishing the rich, not matter what the tax rates are. And they consider the top 20% rich. That's where all the government cubicle workers sit, by the way.
OF COURSE the lowest 20% can "only" have their taxes cut by $23. That's all it takes to get them down to zero. The lowest 48% pays about 0% of the federal tax bill as it stands. If you're going to cut taxes, you can only cut from the guys who are paying them. That top 20% pays 85% of the federal taxes according to the CBO. And since the top 1% are paying almost 40% of the federal taxes, you have to cut there.
Some people are only interested in punishing the rich, not matter what the tax rates are. And they consider the top 20% rich. That's where all the government cubicle workers sit, by the way.
OF COURSE the lowest 20% can "only" have their taxes cut by $23. That's all it takes to get them down to zero. The lowest 48% pays about 0% of the federal tax bill as it stands. If you're going to cut taxes, you can only cut from the guys who are paying them. That top 20% pays 85% of the federal taxes according to the CBO. And since the top 1% are paying almost 40% of the federal taxes, you have to cut there.
