Graves, your unsubstanciated and ultra-vague statistics shouldnt impress anyone.
'The nation's top 400 taxpayers, for example, saw their average income more than double - to $110 million - in the years from 1995 to 1998, the federal tax rate for that elite group effectively fell from 30 to 22 percent.' (Commondreams.org)
At present, those in the top income brackets are already getting a bigger share of total income than at any time since World War II, says Robert Greenstein, director of the CBPP.
The bill's benefits for the wealthy - averaging $44,293 a year for the top 1 percent - are proportionately a bit more than their share of the tax burden, according to the Center on Budget and Policy Priorities, based in Washington.
At present, those in the top income brackets are already getting a bigger share of total income than at any time since World War II, says Robert Greenstein, director of the CBPP.
In fact, when growth rates of various industrial nations are compared, those with less income inequity than the US tend to perform better over the long run, maintains Edward Wolff, an economist at New York University.
So graves, my statement still stands, we should stop giving the large, mostly unnecessary tax cuts to the top 4% because it does no good for the US. Maybe we wouldnt have a projected 2.5 trillion dollar deficit? It's that shitty trickle down fiscal policy that you repubs love so much that does nothing for the country and does so much for the rich.
'Has you ever had an abortion? Surely you should try something before you say it is bad. Because I was very anti-Burger King, but then I went there and I had the flame grilled, ain't it, and you know it was like amazing.'-Ali G
'The devil only exists because of your belief in him. Same goes for that other guy'- Sage Francis