And you said it couldn't happen
riverman wrote:
Nah, its not their lack of sympathy, Ken. I feel a bit embarassed for
bringing it here.
You're losing sight of the bigger picture. This bill isn't a tax
increase. It's a tax cut. According to David Cay Johnston of the Tax
Policy Center:
"The top tenth of 1 percent, whose average income is $5.3 million, would
save an average of $82,415. Those in the top group would see their tax
bill cut 4.8 percent, while Americans at the center of the income
distribution — the middle fifth of taxpayers, who will earn an average
of $36,000 this year — could expect a 0.4 percent reduction in their tax
bill, or about $20.
"Those who make less than $75,000 — which includes about 75 percent of
all taxpayers — would save, at most, $110 each. Those making more than
$1 million would save, on average, almost $42,000."
Now do you feel better?
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Cut "to the chase" for my email address.
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