The middle class only saving an average of $20? While the majority of the upper class is saving 3,000+ to "help create jobs, stabilize the economy", etc. You've got to be kidding me. Does anybody buy into this BS?




Here's how the cuts break down: If you earn between $27,000 and $47,000 a year, which is middle income, your tax savings will average $20.

If you earn $47,000 to $82,000, you save $115.

Those with an average income of $82,000 and over will receive savings of roughly $2,099.

But the biggest savings go to the biggest earners. The top 1 percent of wage earners will receive a $13,849, and the top 0.1 percent will save an average of $82,000, which is why this bill was so controversial.

Those who favored the bill argued it would stimulate the economy, which would in turn help reduce the $300 billion deficit.


Here's the link to the full story: http://abcnews.go.com/WNT/story?id=1951122&CMP=OTC-RSSFeeds0312

We're just givin' you yer hard earned money.

::)

Of course everybody knows those tax cuts were mainly to help the rich.

Of course everybody knows those tax cuts were mainly to help the rich.

Just what I got thru bellyaching about on another thread.

Mort Kondrake sez, "The Democrats don't like it because they think it's a tax cut for the rich. It is a tax cut for the rich, but it will help the average person because it will encourage investment..."

This guy's nose is as long as the telephone wire, just like all the other rightwingers who have been chanting that canard for the past twenty-five years!

The folks who come away with a big enough wad of cash that would allow them to "invest in creating jobs" DO NOT "invest in creating jobs." No sir. They horde, or they invest in some corporate stock from a corporation that has done nothing for the American worker in the past twenty years. Maybe they speculate on foreign currencies. Maybe they do invest in creating jobs...in f**king Malaysia, where they can pay workers pennies for jobs American workers used to do for fifteen bucks an hour.

WAKE UP AMERICA! Don't you ever get sick of these azzh()les lying to you? Don't you ever get sick of these fatcats expecting you to say, "I'll vote Republican I promise, jus' please missuh Rich Man, please get us some jobs!" Those creepy robber barons send their media toadies out to spin lies, and they sit back in their guilded chateaus and grind their palms and cackle just like Montgomery Burns. It's time for a new economic policy in re: robber barons and Republican hoodlums. Let's call it: "UP AGAINST THE WALL MOTHER****ERS!!!"
http://www.inthe00s.com/smile/05/hanged.gif

^*claps* 8)

[quote author=

The middle class only saving an average of $20? While the majority of the upper class is saving 3,000+

So, um...how much does the middle class pay in taxes as opposed to that upper class?

So, um...how much does the middle class pay in taxes as opposed to that upper class?
why does that matter? i guess the point is really, unless you're filthy rich there's no reason to care about bush's tax cuts, or see them as anything other than a reduction in government services for you. although yes, if you're rich, sure, it's great -- but i trust the rich will do fine looking after their own interests. they don't need my help, and they sure as siht ain't gonna help me any, so i have to be honest, i'm at a loss why john and jane q. public think these tax cuts are so great, unless they buy into this right-wing thing where they believe they're all privileged and THEY'RE gonna be rich someday.

which is pretty much the biggest bill of goods ever.

why does that matter? i guess the point is really, unless you're filthy rich there's no reason to care about bush's tax cuts, or see them as anything other than a reduction in government services for you. although yes, if you're rich, sure, it's great -- but i trust the rich will do fine looking after their own interests. they don't need my help, and they sure as siht ain't gonna help me any, so i have to be honest, i'm at a loss why john and jane q. public think these tax cuts are so great, unless they buy into this right-wing thing where they believe they're all privileged and THEY'RE gonna be rich someday.

which is pretty much the biggest bill of goods ever.


Sometimes Politicians can exclaim; “It’s just a tax cut for the rich!”, and it is just accepted to be fact. But what does that really mean? Just in case you are not completely clear on this issue, we hope the following will help.

Tax Cuts - A Simple Lesson In Economics

This is how the cookie crumbles. Please read it carefully.

Let’s put tax cuts in terms everyone can understand.

Suppose that every day, ten men go out for dinner. The bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:

The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh $7.
The eighth $12.
The ninth $18.
The tenth man (the richest) would pay $59.

So, that’s what they decided to do. The ten men ate dinner in the restaurant every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. “Since you are all such good customers,” he said, “I’m going to reduce the cost of your daily meal by $20.”

So, now dinner for the ten only cost $80. The group still wanted to pay their bill the way we pay our taxes.

So, the first four men were unaffected. They would still eat for free. But what about the other six, the paying customers? How could they divvy up the $20 windfall so that everyone would get his ‘fair share’?

The six men realized that $20 divided by six is $3.33. But if they subtracted that from everybody’s share, then the fifth man and the sixth man would each end up being ‘PAID’ to eat their meal. So, the restaurant owner suggested that it would be fair to reduce each man’s bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so:
The fifth man, like the first four, now paid nothing (100% savings).
The sixth now paid $2 instead of $3 (33% savings).
The seventh now paid $5 instead of $7 (28% savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before. And the first four continued to eat for free. But once outside the restaurant, the men began to compare their savings.

“I only got a dollar out of the $20,” declared the sixth man. He pointed to the tenth man “but he got $10!”

“Yeah, that’s right,” exclaimed the fifth man. “I only saved a dollar, too. It’s unfair that he got ten times more than me!”

“That’s true!!” shouted the seventh man. “Why should he get $10 back when I got only $2? The wealthy get all the breaks!”

“Wait a minute,” yelled the first four men in unison. “We didn’t get anything at all. The system exploits the poor!”

The nine men surrounded the tenth and beat him up.

The next night the tenth man didn’t show up for dinner, so the nine sat down and ate without him. But when it came time to pay the bill, they discovered something important. They didn’t have enough money between all of them for even half of the bill!

And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up at the table anymore. There
are lots of good restaurants in Europe, the Caribbean and elsewhere offshore.