Speaking of shit for brains.......
The richest Americans received the most benefit from the Bush tax cuts.
- $520,000 is the average tax cut received by the top 0.1 percent of Americans, those making more than $3 million a year. That is over 450 times the tax cut received by an average middle-class family.
- The middle 20 percent of wage earners (making between $40,000 and $70,000) received less than 11 percent of the total Bush -era tax cuts.
- The bottom 20 percent (making less than $20,000) received only a 1 percent share of the Bush tax cuts; 75 percent of these low-income families saw no tax benefit at all.
******* leftists, stupid as dog shit, but not as pleasant to be around.
Let's explain this in a way that maybe you can understand.
Joe earns $250,000 in a year, the left says that unlike Hillary or Hollywood celebs, Joe is rich, so they want to punish him for making too much. So they say that Joe should pay 35% of his income in taxes. That is $87,500.
Tyrone earns $60,000 in a year. He has a tax rate of 15% and pays $9,000 in taxes
Jose earns $15,000 a year, He pays no taxes and gets $5,000 for EITC despite paying zero.
Bush comes along and gives a 10% tax cut across the board.
Joe paid $87,500, so he gets $8,750 back. Tyrone paid $9,000, so he gets $900 back, Jose paid nothing, so he gets nothing beyond the $5k he already was given.
Now Gnat is dumb as a light-post, I mean this boi is *******
STUPID. Gnat comes along and shrieks NO FAIR, the rich guy "got more." Gnat can't grasp that each got 10% of what they put in, since he is just a greedy and jealous socialist **** who thinks he is entitled to what others earn.
The one who really gets screwed in this tale is Tyrone, who is funding free money to Jose despite not making a great deal of money himself.