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lendaddy lendaddy is offline
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Join Date: Jul 2001
Location: I'm right here Tati
Posts: 19,858
What do you think the point of a tax cut is? It is to stimulate consumer spending. Do you think giving a guy who makes 200k a year a $200 tax cut will stimulate his spending? How about a guy that only pays $800 a year in taxes? As a percentage he will spend more that year. I am not even getting into issues of fairness here, simple economics my friend. The middle class and poor (me) pay so little in taxes (federal level) that the tax cuts we got were huge as a percentage of our previous rates. Heck some of us were totally removed from the role! What more do you want? Turn the IRS into a wealth redistribution tool(psst it already is EITC). If you want people to spend more, let them keep more. You cant let people keep what they didn't pay. Simple and it works.
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Old 06-29-2004, 10:44 AM
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