Alliedassault - View Single Post

Madmartagen · 07-02-2004, 12:25 AM

[quote="Pick Axe":40570][quote=Madmartagen][b] Under Bush's tax cut, the top 2% earners were taxed at a lower percentage than the poorest people[/b], thats what I'm getting at. Should the poorest people in America pay more than the richest? Why do I think the poorer people need more of a tax break? Because generally they spend the rebate immediately, while the top earners in the country are able to save it for later, thats why its called a stimulus. It makes sense to give the spenders the money, rather than the wealthier people who save it.[/quote]

Im sorry, I believe the oppisite is true. Under bush's tax cut, the lowest income brackets got a larger cut.

[img]http://www.whitehouse.gov/news/reports/images/taxplan-chart2.gif[/img]

[quote:40570]Of course the wealthy pay more taxes because they have a higher income. 10% of $100 is $10, 10% of $100,00 is $1,000. Whats wrong with that?[/quote:40570]

Acctually, we have a graduated income tax. The more you make the more you are taxed. The old categories for percent taxed are, 15%, 28%, 31%, 36%, and 39.6%, respectivly, by income. The new categories, under Bush's new plan are; 10%, 15%, 25%, and 33%. I pulled these numbers from
[url:40570]http://www.whitehouse.gov/news/reports/taxplan.html[/url:40570][/quote:40570]

You have that graph, I have this one so we have a difference of opinion.
[url="http://www.factcheck.org/article.aspx?docid=145"]http://www.factcheck.org/article.aspx?docid=145[/url]
"Taxpayers making more than $1 million a year get an average cut of nearly $113,000 this year. Such huge cuts at the top tend to pull up the numerical average that the President is fond of citing."

I know we have a graduated income tax, it was just an example i was using. I wish we did have a flat tax rate, but for whatever reason, we dont and no other admin i can think of has every implemented one.

	(#45)
Madmartagen is Offline Captain Posts: 5,558 Join Date: Jan 2003 Location: Anaheim, CA	07-02-2004, 12:25 AM [quote="Pick Axe":40570][quote=Madmartagen][b] Under Bush's tax cut, the top 2% earners were taxed at a lower percentage than the poorest people[/b], thats what I'm getting at. Should the poorest people in America pay more than the richest? Why do I think the poorer people need more of a tax break? Because generally they spend the rebate immediately, while the top earners in the country are able to save it for later, thats why its called a stimulus. It makes sense to give the spenders the money, rather than the wealthier people who save it.[/quote] Im sorry, I believe the oppisite is true. Under bush's tax cut, the lowest income brackets got a larger cut. [img]http://www.whitehouse.gov/news/reports/images/taxplan-chart2.gif[/img] [quote:40570]Of course the wealthy pay more taxes because they have a higher income. 10% of $100 is $10, 10% of $100,00 is $1,000. Whats wrong with that?[/quote:40570] Acctually, we have a graduated income tax. The more you make the more you are taxed. The old categories for percent taxed are, 15%, 28%, 31%, 36%, and 39.6%, respectivly, by income. The new categories, under Bush's new plan are; 10%, 15%, 25%, and 33%. I pulled these numbers from [url:40570]http://www.whitehouse.gov/news/reports/taxplan.html[/url:40570][/quote:40570] You have that graph, I have this one so we have a difference of opinion. [url="http://www.factcheck.org/article.aspx?docid=145"]http://www.factcheck.org/article.aspx?docid=145[/url] "Taxpayers making more than $1 million a year get an average cut of nearly $113,000 this year. Such huge cuts at the top tend to pull up the numerical average that the President is fond of citing." I know we have a graduated income tax, it was just an example i was using. I wish we did have a flat tax rate, but for whatever reason, we dont and no other admin i can think of has every implemented one.