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

It goes clear above your head that paying 40% income tax also goes with getting a massive load in tax returns. Trump is a good example.

 

They also get richer when it's not. The corona years proved that as well as during the mortgage crisis.
Their investments have ZERO risk. The government makes sure of that, by giving them utterly insane massive handouts.

 

well here's the deal-if you make more than you spend, you get richer. and the government doesn't give most rich people any handouts. you want to pretend that less than 1000 billionaires are typical for the top one percent. And lots of people lose money all the time. I get tired of the envy I see by those who constantly whine about the rich. And the lies that the rich don't pay taxes when every fact is to the contrary

 

what-I pay a huge amount of taxes. what do I get in return? Let's see, I get my pension from the Department of justice. From that pension I pay for my Blue Cross Blue shield insurance. I will soon get medicare-for most of my 30+ years I was maxed out on that.

 

Tax cuts should go to everyone, though we should move as many things as practical to a user fee model, rather than charging people according to their income. Roads, bridges, public transportation, parks, water, trash, schools, etc... all these things and more should have direct charges to the users of those services, in direct proportion to how much they use them. If that results in some paying more in taxes, so be it.

However, because the top 3% pay so much more in terms of raw dollars, they will save more by across the board tax cuts. That's simple math.

 

You say this, while the governments bail out companies during crisis all the time, making sure the rich get richer when the entire economy goes fubar. This is a FACT.

 

Irrelevant to the point that very very rich people like Trump hardly pay taxes on their income to even do not pay any taxes at all.
FACT.

 

how many of the top one percent do you figure hardly pay taxes on their income given the top one percent pay almost 40% of the income tax
on top of that they pay all the estate tax
and those making more than 500K a year pay a massive premium on Part B medicare payments even though this group usually have paid the most into the medicare system.


So you want to pretend a small percentage of that group don't pay taxes and ignore the 40% contributions of the other top one percent. while the bottom 50%-who CERTAINLY USE MORE OF THE GOVERNMENT SERVICES than the top one percent-PAY LESS THAN 5% of the income tax

 

what happens if the government doesn't bail out a corporation (and how many corporations are actually bailed out)

the WORKERS LOSE THEIR JOBS and often their pensions

 

Trump disproves this due to tax returns.
The Bidens also pay a % much and much lower than that 40%.

 

Than the rich must put their billions back into the company first instead of letting the government pick up the bill. So far it stands that even during a crisis the rich get a hell of a lot richer due to bailouts while people at the bottom still lose their jobs on a MASSIVE SCALE!

 

Trump isn't a representative of 3 million tax payers

keep failing with that silly analogy

 

how many times has that happened? I seem to be getting a feeling that you dislike capitalism

 

He as well as Biden pay a heck of a lot less of a that income % you claim they pay. And it's the norm.

 

A government bailing out companies during a crisis causing the rich to get richer while the poor gets unemployed has nothing to do with capitalism.

 

I couldn't care less-this is about the top one percent being over taxed-not a few members of that group being "undertaxed" according to the class warfare types.

 

1) you haven't ever proven that
2) it is counter to common sense

you keep pretending the rich don't pay taxes-=yet every study shows the top one percent pay over a third and up to 40% of the federal income tax. when you throw in the estate/death tax and other surcharges (like the fact I pay an extra 400 a month for medicare due to my income even though in the 30+ years I worked almost every year I was maxed out on FICA "contributions" meaning another tax on the wealthy) the top one percent are paying a huge share of federal income taxes and related taxes like FICA and estate taxes

 

Never happened before, why start now. In reality the top 10% of earns pay far more tax than their percentage of income.

 

And how many middle class people would be hurt by not bailing out those companies? The only way "the rich" get richer is to sell more goods and services to everyone. It's called business - you may not have heard of it.

 

more than a few on the left assume all wealth comes from government and businesses merely are given wealth by that government

 

Rich got a lot richer during an economic crisis when goods and services were hardly sold. That's not doing business. That's profiting from government handouts, big time.. and so running zero risks on their investments.

 

Absolutely. Government grants, research grants (assuming the research supports Govt goals), DEI wasted spending. All big money sources for elitists.

 

I'm convinced lefties think the rich live like this:

 

. And your source is. . .?

 

https://www.forbes.com/sites/steven...ore-the-2008-credit-meltdown/?sh=1ea1c9f44fe9
The Rich Are Now Richer Than Before The 2008 Credit Meltdown

Ten richest men double their fortunes in pandemic while incomes of 99 percent of humanity fall
https://www.oxfam.org/en/press-rele...es-pandemic-while-incomes-99-percent-humanity


So your previous post was just a load of BS because you could not be arsed to look it up.