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.
by My Esoteric 2 months ago
The GOP sold gullible Americans on the promise their tax give-a-way to the rich and corporate America would mostly benefit the Middle Class. Why isn't it.They said all of this money staying in corporate coffers would go to investment, more jobs, and higher wages. It has been six months...
by My Esoteric 10 months ago
When Obamacare passed it began life with a high approval rating. Once the GOP propaganda juggernaut kicked into high gear (along with some amazing, but temporary Dem incompetence), that approval rating tanked and stayed that way until the GOP tried to repeal it. Today, Obamacare is well...
by Susan Reid 6 years ago
The Gish Gallup. Who knew?http://www.dailykos.com/story/2012/10/0 … ish-Gallop
by rhamson 8 years ago
Since the late 1990s, average incomes have declined 2.5% for families on the bottom fifth of the country's economic ladder, while incomes have increased 9.1% for families on the top fifth.The result is that the average incomes of the top 5% of families are 12 times the average incomes of the bottom...
by Kathryn L Hill 4 years ago
by IDONO 3 years ago
If the rich get richer, and the poor get poorer, how does the middle class shrink?Seems like more space is created and with population always increasing, seems like the middle class should expand, not shrink or disappear. Right?
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