Why do uninformed LIBERALS continue to believe that tax cuts only benefit "the rich"?

Question

In a recent article in Investors Business Daily it was reported that those making more than $200,000 a year, the people always villified by liberals because they supposedly are the only beneficiaries of tax cuts, now pay 46.6% of total personal income taxes, up from 40.5% before Bush's tax cuts.

Do liberals just not understand economics? Money isn't a zero-sum game, meaning there's not a finite amount of money that can be made and everybody can make more. Tax cuts ALWAYS spur rapid economic growth and economic growth spurs people to make more money. And now the "rich" actually pay MORE of the tax burden.

I think it's about time we give them another tax break!

(And before any lib tries to whine that the tax cuts hurt revenue ... revenue to the Federal Government has EXPLODED since the tax cuts.)


http://www.investors.com/editorial/IBDArticles.asp?artsec=5&issue=20060612&view=1

Answer 1

It is just part of the typical liberal mantra... tax, tax, tax. Tax everyone else but me. Raising taxes is NEVER the answer.

However, to counter the liberal "tax more" mindset, I think we should set up a volutary fund. Anyone who feels that they do not pay enough in taxes can voluntary contribute more.

How much do you think THAT would raise? LMAO.


To Answerbot: Why should the "rich" have to supplement someone else's income? Why should they have to foot the bill for someone else who decided to not pursue education, or chose to have a couple of kids? This country is about OPPORTUNITY not forced obligations.

To Tamtam: Uh, our education system gets SOOO much money every year. Instead of faulting the AMOUNT, fault the system. Our schools spend so much time teaching "tolerance" and "sex-ed" and "feelings" instead of teaching math, reading, writing, and geography. Again, thank your local liberal for that.

Answer 2

The Bush tax cuts should be allowed to expire across the board because they were not paid for at the time of implementation, which is the reason for the 10-year expiration date. But let it be known that economists & tax analysts alike agree that those Bush tax cuts for the wealthiest families, hands down, made them the big winners of the Bush tax cuts because the income of the wealthiest families had climbed more rapidly during the prior decade and widened the gap between rich, the middle class/poor (it continues to today). Everyone benefited, but the richest families really, really benefited. Extending or making them permanent comes with a high cost. To make them permanent requires (legally) that they be paid for. Putting a ten year limit on tax cuts eliminates that requirement and therefore adds greatly to the deficit. Making permanent cuts (for rich or middle class) means cutting other programs to get the money to pay for them - programs like Social Security, Medicare, Medicaid. That’s why you keep hearing Republicans screaming about privatizing those programs, including the Veterans Admin. They want those tax cuts made permanent, most especially for the rich & are more than willing to take away from other programs that are needed and used by the middle class and poor in order to get it done. You have the $700 billion and the $2.2 trillion reversed.

Answer 3

Your right! with the new Bush tax cuts if you make $30,000yr which most Americans do you will get $5. And last year for every $500,000 we in tax cuts we got 1 job and the new jobs are mostly low paying service jobs. The amount that CEOs make a year at Exon is three days of profit. I think the problem is the gap between the rich and poor.

Answer 4

Honestly they don't understand economics. The Bush tax cuts have helped this economy a great deal so much they are worried about too much growth! It is a proven fact that tax cuts promote wealth and encourage industry to spend and develop. This nation is thriving! Keep fighting the good fight!!

Answer 5

"The rich", as you put it, are paying a greater share of income taxes because they are enjoying a greater share of the income. As the distribution of wealth becomes more and more disparate, we will expect to see the wealthy (as a group) taking on a greater share of the tax burden.

For instance, the lower limit income for the top 5% of earners was $145,220 in 2000. The lower limit for the same group in 2004 was $157,185, representing a 8.2% increase in income over four years. By contrast, lower limit income of the lower middle class, middle class, and upper middle class (2nd, 3rd, and 4th quintile of earners) rose by 3.1%, 5.3%, and 6%, respectively. If income increased equally across the board, we would expect to see no real change in the distribution of tax burden. Such is not the case. (FIRST LINK BELOW)

Of course, people living under the poverty line pay little or no taxes. This number has increased by about six million since 2000. The poverty rate (the number of people under the poverty line as a percentage of total population) has risen steadily by about 0.4% per year. As the impoverished continue to represent a greater and greater proportion of our society, the percentage of total tax revenue should continue to shift upwards. (SECOND LINK BELOW).

By all accounts, high-earners SHOULD be paying a higher proportion of income taxes than they were a few years ago. They're earning a higher proportion of income. Unfortunately, people in the real world have to pay their bills with dollars, not percentage points.

Slightly off topic, It's interesting (but not necessarily telling) that the US Census Bureau used to maintain a webpage on income inequity. That page has been taken down. (FOURTH LINK BELOW).

Answer 6

If I told you what sould like you'd report me. People who don't support the tax cuts are looking at our failing education system and wondering why that money doesn't go there.

Answer 7

They are talking to the lazy, uniformed, uneducated, ones that want government to support them and make decisions for them. Those are the true liberals

Answer 8

Try living in poverty before you post such a biased and rediculous question.

Answer 9

BLAH BLAH BLAH. Boo hoo to those poor rich people.

Answer 10

they are going for the uninformed or uneducated voters