I hear it all the time, thrown around by politicians from the left and right- "tax cut for everyone making lees than $250,000 a year, said Obama" and "tax cut for everyone, said the republicans"
Right now, if you have a job that pays you weekly or bi-weekly wages you're screwed big time! Dividend and investment income is taxed lower and remember you get to use it for the full year and then send the govt a small portion.
Obama gave you tax cut,
but fees on a lot of govt services have been doubled.
Student aid for college was reduced or eligibility requirements increased to make parents pay more from meager incomes
Bush gave tax cuts but increased social security withholding
Travel fees almost doubled
Gas fees doubled
And this is on top of the fees that doubled within the state and local govts!
And please do not tell me Obama gave us a tax cut, because he has learned to play the game like REAGAN, BUSH AND CLINTON DID; give you $300 in your front pocket and withdraw $800 from your back pocket!
All the revenue generations schemes designed as tax cuts mostly affects the poor and middle class negatively!
That's right. This whole thing about "rich people pay all the taxes is a scam"!
Lower income workers pay more out of their wages in taxes than do higher incomes. In my state, "The top 1% of income earners in Mass. are only paying 5% of their income in state and local taxes. The bottom two thirds of us are paying about 10%. "
And this is in a Blue State!!
Cost of living increase hurts the poor way more, and so does the tax policy!!
People are always saying, "Rich people pay 90% of the taxes"......well, imagine that....they have 90% of all the wealth in this country.
But their personal sacrifice is less than a pauper.
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