Question to Conservatives about tax cuts?

Question

If tax cuts for the rich help expand the economy (of which I agree)…

...then by the same account, would giving the same huge tax refund to the middle and lower classes not accomplish the same thing merely on the basis that their spent dollars tend to flow to the most productive members of society (back to the rich)?

While I agree that giving the money back to the members of society who are producing (and who actually paid the taxes in the first place) seems to offer the biggest benefit, it seems to me that in the long run (more than a year) it won't matter anyway who it is going back to because the middle and lower classes spend it frivolously (making profits for the rich) anyway which is why they are poor in the first place. At least this would give them a better chance to become better producers themselves.

So why harp on who is getting the tax cut, just make a tax cut and give it back to someone. It all ends up being positive.

I appreciate the answers but some of you made some veyr silly assumptions.

First, I was throwing this question out in theory, as it had nothing to do with any recent tax cut of what I did or did not get.

Secondly, anyone who needs to use name calling to make a point is one who is either not intellignet enough to articulate their point, or their point is weak. ANyone with any debating experiece knows this. Bravo genetlemen.

Thrid, I made no comment about this being fair. I think it s ridiculous that any of us should forcebally have to give up a larger percentage of eanring than others. However, that doesn't negate the power of the question. Life isn't fair, that doens't mean questions about life are foolish.

Fourth, whether the poor pay taxes is irrelavant to the question. I am posing a quesiton on giving tax dollars back, not on collecting them.

whoops - no spell check above. Sorry.

As far as the middle class and poor spending friviously, perhaps friviously was not the right word. But the point is clear, and that is that the poorer classes spend a lot bigger percentage of their incomes relative to investment. On this basis alone you should be for what I proposes as a tax refund aimed at the poor and middle class would put more money into thier hands, and if they chose to spend in the same manner, it would quicly trickle upward.

Answer 1

There are so many false ideas in your question that I'm not sure where to begin.
The basic principal of less taxation on a populace allows the economy to expand quicker is sound. The problem comes from which group of people get tax relief in order to stimulate growth or stimulate increased tax revenue.
The strat with, wealthy people don't work. They are not taxed on income earned at a job. They are taxed on profits from investments. The idea to free up more of their money to invest was sound decades ago but not today. People tend to invest their money where they earn the greatest returns. Today the greatest returns are in foreign markets. Wealthy people are making more money with the cash they are saving from taxes. They are building their wealth, which in dollar amount increases the tax they pay. But, the economy in the USA is not expanding from these foreign investments. It's not creating more jobs here.
If in today's global environment a tax cut is given to middle income wage earners, these middle income people would spend this extra cash here inside our own country. The tax savings would go directly into our economy and create more jobs and more earners to pay more taxes.
The problem with this, however, it that it creates increased tax revenue for the government at a much slower pace. The government benefits quicker from giving the wealthy tax relief than the common working smuck.

Answer 2

hi hi! this question sounds properly-known! You asked yet another question like this already, worded exceptionally much an identical good way. The question ended with you attempting to cover your butt asserting which you have been in basic terms speaking some choose style of conservatives... then you definately began insulting our analyzing features. yet positive, i will ignore approximately your infantile habit and answer your question. Tax cuts are a very valuable ingredient for agencies, they help jobs (because of the fact the money which would be going to a tax is going to the worker's wallet, plus the activity isn't being outsourced), and that they help financial equipment strengthen. Conservatives do no longer hate tax cuts, i do no longer understand the place to procure that from. yet like your different question, you're saying which you rather choose to appreciate why conservatives ask why liberals hate tax cuts. ok then, i assume it rather is because of the fact liberals rather do in contrast to them, and Obama himself suggested tax cuts are undesirable (in his opinion). you unquestionably ought to observe your questions better, it might study: "Why do conservatives say liberals hate tax cuts".

Answer 3

You got to the right conclusion. But your reasoning is right out of the socialists' play book.
Any student of history knows, when the economy is struggling, cutting tax rate cuts gets the economy moving. Ronald Reagan did it in the early 1980's. George W. Bush did it in the early 2000's
Tax cuts benefit the people who pay taxes. The so-called rich could have been the so-called poor just a year before. The prime examples are college athletes who get big contracts to become professionals.
Overall, we pay too much in taxes at all levels in the US. It is to our benefit to get tax reductions when and where we can.

Answer 4

I agree..however, It all depends on your definition of "rich"....well mostly the governments definition of rich and middle class.

Bush Tax cuts (the meat of the tax cuts) didn't start until you made over 200k...which isn't alot of money...but the majority of tax cuts went to the 2%'ers...the richest of the rich. The rest of us were left with very little or non-existent tax cut.

The thing about it is...in theory...the trickle down my leg economics could work IF .... the rich ,instead of using the tax breaks to invest in overseas securities, actually used it to hire more people and expand business in America. or instead of using the current tax loopholes to send jobs overseas as well..

You are correct.. If you reversed that tax break scale, you would have seen alot more economic potential from each dollar, because the middle to lower class tend to spend ALL of their money right here at home. They live paycheck to paycheck. Everytime they spend a dollar, they create a job.

Answer 5

A tax cut went to every american who paid taxes. What you are suggesting is redistribution of wealth. "give it back to someone".

If we get a tax cut, the person who makes the money should get the break. Not some pin head who is too lazy to get a job or was too lazy in school to put forth the appropriate effort to get an education so they can make their way in the world.

Answer 6

I don't agree with all of your statement. Much of the middle class does not spend it frivolously. They just make less. I will agree that as a whole, we buy more than we need but it is the poorest, particularly the welfare class, who cannot rub 2 dimes together without looking for something to spend it on. After all, when it is gone, they will get more next week.

Answer 7

I am middle class and I don't spend frivolously? You are a pinhead, as someone else has previously mentioned. And the tax cut was across the board. Also the poor class doesn't pay taxes, they just spend our tax dollars on bling and dope.

Answer 8

Have you ever heard of income tax refund,if not my friend,here is your schooling for the day,if you our anybody,you know got a nice fat government tax refund check,you payed zero tax's,not to mention must refund checks,for the so called poor,were 2-3 times more,than their paychecks were taxed to begin with,so it is safe to say there is no way to cut anymore from zero!

Answer 9

The biggest problem with your argument is that you assume the poor pay taxes. They don't. they generally get more back in their tax refund than they actually had withheld during the year....The last round of tax cuts included everyone who actually pays taxes. Since the rich pay more (dollar wise) they received the biggest benefit, that seems fair to me...

Answer 10

Yes, it would accomplish the same thing; that's why the middle class got a tax cut, too.