Quote:
Originally posted by pwd72s
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The next night the tenth man didn't show up for drinks, so the nine sat down and had beers 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 anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.
David R. Kamerschen, Ph.D.
Professor of Economics
University of Georgia
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The 10th man, the rich man, goes and start drinking overseas...
Look I think that the tax system is really complex.
I think it is stupid (and populist) to criticize a tax cut plan as always favoring the rich.
I think it is also simplistic to say that tax cuts favor the "poor" as the "rich" now carries more % of the tax burden.