Srexley, you've lured me into the tax "cut" explanation process again. But this is the last time. Really. Well maybe.
The problem with talking to you is that you just don't look under the hood. For instance you write:
>>"(quoting from my post) "and the very wealthy will not, as Buffett wrote, be paying a much smaller percentage of their income in taxes than the average worker they employ"
(and responding) Now you are admitting that the wealthy "will not" be paying a smaller percentage. Thank you for finally being truthful."<<
The "not" was obviously inserted as sarcasm. Hint, note the phrase that followed, ie, "and yes, there IS a tooth fairy." These things can be seen if you'll look a little closer.
YOU say, "35% of ones income is more than paying their share....I showed you the straight percentage math. The numbers cannot be argued with. Until you explain how a smaller percentage is actually larger than a larger percentage, I will consider your long winded and convoluted arguments to be hogwash."
I think I understand your reasoning process. You look at the tax tables and then "BINGO," it's all there in front of you. The PROOF. Just look at the rates and it's soooo clear that the more you make the more you pay, therefor the wealthy pay more. WRONG!!!!!
Did you ever stop to wonder why Buffett said that under the new "tax" laws his rate would be about 3%. What's up with that? I'll tell you. The new tax laws tax EARNED INCOME pretty well, although there are still loopholes that only the wealthy can access. What they don't tax very well is OTHER INCOME. You know, the dividend, capital gains sort of income that those that make millions and hundreds of million a year rake in.
The bottom line is that it's not just the tax table you have to understand, it's the actual percentage you pay in taxes for the income you receive. When that's computed the very rich have historically paid less than the middle class and now the disparity will increase even more.
Who benefits; the people that Bush understands, associates with, does business with and who bought him the presidency. Who loses; you do, I do and America does as the middle class will be facing a heavier burden and the gap between the very wealthy and the rest of us grows.
If this is something that means a lot to you, why don't you get a book or two on it or read up on it on articles on the internet. Do a search of "Bush tax cut-shifting burden" for starters. Don't take my word for it, read what the economists, including the ones on the conservative side, say. There's plenty out there and you won't appear so in the dark on this issue. |
