Should tax cuts only go to the top 3% of income earners?

Tax cuts should only go to the top 3% of income owners because they are the most deserving. That's about $236,252 and above. Do you agree?

 

No.
While we have a $33 TRILLION ($33,000,000,000,000) debt we don't need tax cuts, we need budget cuts.
It's hard to fathom what $33 TRILLION even means so let me steal from the debt clock.
U.S. National Debt Clock : Real Time (usdebtclock.org)
It's almost $101,000 for every man, woman and child in America.
$260,000 for every taxpayer.
And it's growing at the rate of almost $103,000,000 an hour.
Understand? Our debt is growing by $103 MILLION every hour, of every day.
We don't need tax cuts.
We need budget cuts.
Big ones.

 

I'd say most of the tax cuts should go to those who pay MOST of the taxes. the bottom fifty percent pay almost zero federal income taxes btw. the top one percent pays 40% of the income taxes. Groups that pay more a percentage of the income tax than their share of the income should get the lion's share of the tax cuts

 

I agree with this in the sense that we need to drastically cut what the government spends. we don't have a revenue problem-we have a spending problem which is caused by the progressive income tax because politicians don't pay a price at the ballot box for grandiose spending

 

If you don’t pay taxes, you don’t get a tax cut. We already have a negative income tax which gives low income people payments.

And, yes, we have a spending problem. If you give Democrats more, they will spend more than you give them. The Democrats are totally fiscally irresponsible.

 

Not really. I mean I would rather they start with eliminating all the stupid taxes and fees they stick on telephone and internet bills and the like, which I would think would benefit people fairly equally.

 

So you're defunding the police and army etc?
No sidewalks, no highways, no bridges and tunnels?
You might hope it's all free, but it's not.

 

The way the system apparently works in the US, is that the top 3% doesn't pay taxes at all due to the benefits they get.
So Joe the plumber picks up the bill, so the wealthy people get to exploit the infrastructure.

I mean, that dude from Amazon is using all them highways, bridges and tunnels and makes a fortune with it.
But he too probably isn't paying a thing for it.

 

Amazon's income tax expense for 2021 was $4.8 billion. But, tax expenses incurred by Amazon, or any business for that matter, just gets passed on to the consumer, so it's ultimately YOU who pays for it anyway. Businesses aren't tax payers, they are tax collectors, and they necessarily collect those taxes from their customers.

 

Business are owned by that 3%, and THEY hardly pay any taxes over the money that their companies earn.
They contribute little to nothing to the upkeep of everything and let others pic up the bill so their companies can make them some more millions.

 

I'm surprised to see you falling for the belief that republicans are anti-spending. They only care about spending when out of control. Once in power, they spend like drunken sailors. The disagreement tends to come in the form of where to send the government gravy.

 

The vast (vast) majority of businesses are not owned by the 3%. But, I presume you mean they don't pay INCOME tax. They pay LOTS of other taxes... far and above what you and I pay. They don't pay much income tax because they don't have much income, and if you have a problem with that, take it up with the IRS.

 

Where exactly are you going with this?

 

Oh, well, nowhere. I just had a dream where I was at the dinner table, and someone was having a passionate argument about how only the top 3% deserve a tax cut. I didn't agree with it but I found the argument interesting.

 

Seriously. That 3% get stock / stockoptions by the millions and subsequently partially own the business.

 

Yes. What's the problem? It seems like you have a problem with the tax code. Maybe you should lobby your representatives to make some changes to tax code to better represent what you think should be happening. The fact is, those three percent represent the majority of the tax revenues collected. You think they should pay more?

 

This is indeed about the tax cuts the lucky 3% are getting.

 

They'll expire next year, along with YOUR tax cuts. Maybe you should lobby your representatives to make some changes to tax code to better represent what you think should be happening. The fact is, those three percent represent the majority of the tax revenues collected.

 

And why is that? Because the amount of people working at the IRS is going to be reduced as a way to cut employment costs, so more people can get away with cheating on their taxes? lol

 

The Trump individual tax cuts are due to expire for you, me, and the three percent. Is it your position that tax avoidance is cheating? Do you think people ought to pay more than they are required to pay by law?

It sounds like you have a problem with the tax code. Maybe you should lobby your representatives to make some changes to tax code to better represent what you think should be happening. The fact is, those three percent already represent the majority of the tax revenues collected.

 

Of course not. Federal government should honor the concept of equality. Any tax cut should affect every taxpayer by the same percentage.

 

Those are use taxes, excise taxes to pay for the cost of the government regulations required, at least that is SUPPOSED to be why they are taxed. Like gas taxes are used to pay for roads. They should be kept as low as possible to pay the government cost but every who uses the services shiuld pay equally for that usage.

 

Should people who don't pay any income taxes get a tax cut?

 

The definition of income is rather wide. In the end, we all know the rich hardly pay any taxes while their fortune inceases.

 

Which specific taxes? Income tax on a salary?

For example, Elon Musk's salary is $0.00.