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.
Fucking 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 fucking
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 fuck 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.