Jimmy Higgins
Contributor
- Joined
- Jan 31, 2001
- Messages
- 44,694
- Basic Beliefs
- Calvinistic Atheist
Paraphrasing a bit here.
Wow! Look at me... I managed to not give a massively disproportionate tax cut, percentage wise, to the wealthy. I'm a god damn genius according to Mnuchin. But wait... I can do even better.
Now I managed to cut taxes in a manner that almost all Americans get the same cut. OMFG!!!
Presumably because the top 10 percent do 81 percent of the work. Where do they find the time?article said:"The top 20 percent of the people pay 95 percent of the taxes," the Treasury secretary said. "The top 10 percent of the people pay 81 percent of the taxes."
"So when you're cutting taxes across the board, it's very hard not to give tax cuts to the wealthy with tax cuts to the middle class," he concluded. "The math, given how much you are collecting, is just hard to do."
- Lower tax rates in each bracket
- Don't repeal the AMT
- Don't get rid of the Estate Tax
Wow! Look at me... I managed to not give a massively disproportionate tax cut, percentage wise, to the wealthy. I'm a god damn genius according to Mnuchin. But wait... I can do even better.
- Reduce the two or three lowest tax brackets
- Don't lower the highest bracket
- Don't repeal the AMT
- Don't get rid of the Estate Tax
Now I managed to cut taxes in a manner that almost all Americans get the same cut. OMFG!!!