Why do people think that the 2001 and 2003 tax cuts only benefited the rich?

Question

Also how do you define rich?


One source of info feel free to provide your own to support your answer:
http://www.taxfoundation.org/legislation/show/211.html

David: would it hurt your eyes or brain to follow the link and get some facts before you answer?

Answer 1

Most people who work benefited from these, and these are the first were I ever actually could see it in my check.

I guess your second question is really the crux of the matter. The socialists in congress will not give you a number, nor will they give you any number that would pin them down to a position, it is always a nebulous term meant to arouse the ire of those who like socialism, you know class racism.

The IRS defines rich based on the highest rate which I think currently kicks in at $80K, and I can guarantee you that $80K with four kids in barely middle class, so give me a break please.

The definitions of poor and middle class are intentionally not defined by the socialists because the seek to divide Americans so the corrupt politicians can get reelected, which by the way is what the Dems did, they plain lied and every American is about to be hit with the largest tax increase in history.

These criminals have to go, and anyone who believes that the tax cuts only benefitted the wealthy are either delusional or are lying.

Answer 2

thinking the shown fact which you're taking from the numbers what you % you % them to declare. understand-how the numbers would desire to offer a extra robust precise accounting. The 0% to 0% line is the composite of two occasions; Bush administration economic coverage and the loan meltdown/recession. the two have been in undemanding words loosely perfect and the tax cuts had 0 relation with the meltdown. the line optimum replaced into previous to the meltdown. the meltdown replaced into to blame for the drop. The Bush tax cuts DID have their mandatory bring about 2001 and 2003 (on an analogous time stated via fact the Bush Tax Cuts). thinking the shown fact that that ingredient, the tax cuts grew to grow to hitch the economic panorama. no longer extending them now could be collectively with a extensive tax hike. How does raising taxes help the economic device, fairly in undesirable economic situations? such fairly some Democrats in Congress even understood this, Pelosi adjourned the living house on an analogous time as she did, previous to elections as a fashion to circumvent a vote on it.

Answer 3

tax cuts are used to keep people content and make approval ratings rise as for taxes , they are illegal -

The Internal Revenue service which collects taxes in America is a privately owned company { yes you read that right } although the public are lead to belive it is part of the government . In 1863 the bureau of Internal revenue was fromed to collect taxation , but in 1933 three members of the Prescott/Bush family Helen and Clifton Barton and Hector Echeverria formed the Internal Revenue Tax and Audit Service registered in Deleware . In 1953 , the Original Bureau of Internal Revenue was disbanded , leaving the privately owned Internal Revenue Service to collect all the taxes .

I bet your thinking how did all this get started well my friend , to understand this we have to travel back in time to the first president George Washington { tune in some soothing music } . When George Washington became president he appointed Alexander Hamilton as his secretary of the treasury . Hamilton introduced the bank to the United States , a privately owned central bank which began to lend money to the newly established U.S. government so creating control by debt { I think you can figure that out } . However the bank of the United States as it was called , caused so much poverty , bankruptcy and rebellion that it was eventually closed down , but soon after came its replacement - The Federal Reserve . Interesting to mention the bankers who wrote the bill for the United States Bank were hated by the public because of what I mentioned above . However they are the same people that wrote the bill for the Federal Reserve and whenever they were in public they vehemently opposed the bill for the Federal Reserve that they wrote themselves !!! It was clear manipulation as the public hated these guys and they were so unpopular that support for the Federal Reserve bill increased ten fold . The bill was then pushed threw congress just before Christmas in 1913 when many congressman were at home with their families for the holidays . However to ensure an endless supply of funds for the government they introduced the Federal Income Tax bill also in 1913 . They did this very sneaky as they needed an amendment { we know today as the 16th } and that required 36 states to agree . But philander knox , the secretary of state at the time simply announced that the required majority had been achieved and the bill was then introduced . To this day the Federal Income Tax is illegal yet they continually get away with having americans pay .

Side note- there is no law { that's right let me say that again } no law , that says Americans must pay Federal Income Tax but they go on paying year after year after year because they think they have to and those that know its illegal do so anyway because they are in fear if they don't , as they would lose their house , business , car you name it . Which by the way is the very diffeniton of terrorism and also why people see the United States Government by deffiniton , carrying out terrorist acts .

The Federal Reserve the so called central bank of the United States isn't Federal nor does it have any reserve . The Federal Government of the United States does not own a single share in the Federal Reserve and the American people cannot purchase them . Profits exceed 150 billion a year and the Federal Reserve has not once , in all its history published audit records . Another interesting item I found while doing my investigation as to how the Federal Reserve spends all that money { get ready } to pay off the National Debt , I know I couldn't believe that either .

Answer 4

Most people just get blinded by Bias and campaign rhetoric below is what we will see from not renewing the tax cuts in place....

The central provisions of these landmark tax bills are scheduled to expire over the next five years, which means that taxes will rise dramatically for most taxpayers. Between now and January 1, 2011 (five short years away),

Tax rates will rise substantially in each tax bracket, some by 450 basis points;
Low-income taxpayers will see the 10-percent tax bracket disappear, and they will have to pay taxes at the 15-percent rate;
Married taxpayers will see the marriage penalty return;
Taxpayers with children will lose 50 percent of their child tax credits;
Taxes on dividends will increase beginning on January 1, 2009;
Taxes on capital gains will increase, also beginning on January 1, 2009; and
Federal death taxes will come back to life in 2011, after fading down to nothing in 2010.

Answer 5

The tax cuts of 2001 and 2003, just like the tax cuts of 1981, 1982 and 1983, enabled more people to BECOME rich.

But somehow the Lefties don't understand that more rich people means more people became rich.

Answer 6

For the most part, his cuts were disproportionally in favor of the higher tax brackets. He did have some progressive cuts, but the higher tax brackets received the most money saved. But the rich haven't paid taxes for many years. It isn't Bush who was the first to give rich tax breaks, and he won't be the last.

Answer 7

If youve ever gotten a paycheck....look who signed it......was it a rich person or somebody on welfare?? Whe had better help the rich, they are the ones that create jobs.........while its true that lots of folks dont want a job......I personally like paying for my groceries with cash instead of foodstamps.......maybe im stupid for having a little pride in myself but thats just me

Take a rich guys money and give it to the government. and everybody working for him loses their job and the government gets bigger and more wasteful.....Not a good tradeoff......of course all those people that lose their jobs can get welfare and enjoy a really cool "ghetto" lifestyle.....shucks, they might even get to make a rap cd someday!!!! Hey , maybe we should take everybodys money away from them after all!!!!!

Answer 8

I used to get about $300 back,Single no deductions etc.
Last return was over $800. A lot better and it goes back into the economy anyway so Why worry about it!

Answer 9

the libs don't know how to define rich. Especially since half of the liberals live in hollywood making billions of dollars every year and don't have a clue what a tax cut is.

Answer 10

Gee wiz, let's see... I don't know anyone who's doing better now than before Dubya took over. And to those who will predictably counter that I and the people I'm referring to must be unemployed... guess again. In the interest of objectivity however, I'll grant you that the steady deterioration of people's buying power started way before President Dipshit's reign.