What does voting have to do with what you said?Then why do they vote for the party that increased middle class tax rate to provide lower tax rates for the rich?
What does voting have to do with what you said?Then why do they vote for the party that increased middle class tax rate to provide lower tax rates for the rich?
What does voting have to do with what you said?
But it does sound like you are suggesting that the middle class is paying to much in taxes. I am sure there are some Conservative's that would agree with you.
Then why do they vote for the party that increased middle class tax rate to provide lower tax rates for the rich?
Ok then show exactly how much more the middle class is paying as the direct result of the "lower tax rates for the rich".It was my response to your statement here:
And I ask again...... Taxing wealthy people is going to put people to work how?
Ok then show exactly how much more the middle class is paying as the direct result of the "lower tax rates for the rich".
And as I was saying before how much taxes are the middle class paying for helping the poor? Again that is not an assertion to tax the poor, just that they fit into the equation also.
The Truth-O-Meter Says:
"The "mega-rich" pay about 15 percent in taxes, while the middle class "fall into the 15 percent and 25 percent income tax brackets, and then are hit with heavy payroll taxes to boot."
PolitiFact | Warren Buffett says the super-rich pay lower tax rates than others
As you can see from the tax rates, the middle class pay a higher percentage of their income in taxes, of which programs for the poor (and all other programs) are paid with.
One final note: People who don't pay any income tax at all tend to have limited incomes, or they qualify for enough deductions -- think of child tax credits and mortgage interest -- that they have no income. When Buffett talks about people in the middle class who pay more taxes than he does, he's thinking of people who make much higher than average salaries.
So when it comes to Buffett's statement, there are two categories: the rich and the really rich. And the evidence tends to point to the conclusion that the really rich pay less in taxes as a percentage of income then their merely well-to-do counterparts -- if their income comes primarily from investments. Overall, we rate Buffett's statement True.
Did you read the disclaimer at the end?
You left out the important part. That the middle class that Buffet is talking about are not really the average middle class tax payer, they are rich.Yes, I did. It emphasizes my point, the mega rich, if their income comes primarily from investments (because of the Bush tax cut on Capital Gains) pays a lower tax rate than the middle class.
"So when it comes to Buffett's statement, there are two categories: the rich and the really rich. And the evidence tends to point to the conclusion that the really rich pay less in taxes as a percentage of income then their merely well-to-do counterparts"
You left out the important part. That the middle class that Buffet is talking about are not really the average middle class tax payer, they are rich.
In other words this source that you linked does not back up your claims and you need to find another one.
You are still ignoring that its the upper middle class they are talking about. By average standards they are rich.This is the statement Politifact rated as true:
"The "mega-rich" pay about 15 percent in taxes, while the middle class "fall into the 15 percent and 25 percent income tax brackets, and then are hit with heavy payroll taxes to boot."
You are still ignoring that its the upper middle class they are talking about. By average standards they are rich.
the money can be used to pay for tax-breaks for the Middle-class. Those tax-breaks lead to more spending, which leads to more jobs.
giving the rich a tax-break leads to ZERO new jobs.
What incentive do I have to spend more?
And how does giving the rich a tax break lead to zero new jobs?
Who do you think is going to be more likely to afford ANOTHER house with his tax break money? A guy whose tax break just gave him an extra $250 over the course of a year? Or whose tax break just gave them an extra 125K??