The title is entirely predictable, true. But it isn't a tax break that would benefit the lower or middle classes so much as the wealthier taxpayers.
The title is entirely predictable, true. But it isn’t a tax break that would benefit the lower or middle classes so much as the wealthier taxpayers.
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So when the government is more entitled to money than investors due to inflation, how does that benefit poor people?
But don’t the aggregate bottom 45% of people already pay ZERO income tax? How, pray tell, could you benefit them more? Stop collecting any tax from anoher 15% of wage earners? Explain how that is fair to the few that are left shouldering ALL of the tax burden.
Everybody needs skin in the game, even if you earn a pittance.