Posted on 06/23/2017 6:31:45 PM PDT by Kaslin
On Friday’s Morning Joe, MSNBC panelist Donny Deutsch pushed the typical liberal “tax cuts for the rich” narrative as he slammed the Republican health care reform bill: "The other side of the aisle will call this as a redistribution of wealth. Obviously, parties are given to hyperbole, but the reality according to the Center [for] Tax Policy is that 90 percent of the benefits in this plan go to families making $700,000 a year or more, the one percent. That is a fiscal reality." He demanded of Senator Rand Paul (R-KY): "How do you explain that to some of the people, uh, some of the elderly people, some of the middle-class people, so they let lower income people who are on the other side of that?"
To provide some context on the referenced study, The Center for Tax Policy, "is a joint venture of the Urban Institute and Brookings Institution," two liberal think tanks. The senator explained to Deutsch that the rich pay more in income taxes while the poor pay almost nothing. Therefore, tax cuts will always benefit the rich disproportionately:
I think this is the same debate we get into anytime we want to cut taxes and it is really a math problem and people distort math to try to have partisan results. So, for example, the top one percent pay about 33 percent of the income tax. So the top 10 percent, those who make more than 200,000 pay 66 percent of the income tax. So if you have a flat tax and it’s sort of a math problem in the sense that if you cut taxes ten percent, the person who makes 100,000, 10 percent is a bigger number than 10 percent is at 10,000. But we also have a tax code that most people on the lower end are not paying much. Gradually over time we’ve taken people off the rolls at the very lowest end. So over 75,000 pay only four percent of the income tax. So really, it's disingenuous to say this is a tax cut to for the rich. All tax cuts will benefit people who pay more in taxes before the tax cut. That’s just a fact.
Sen Paul Uses 3rd Grade Math to Explain How Tax Cuts Work, Donny Deutsch Still Doesn't Understand
This was far too complicated for a member of the MSNBC family. Deutsch came back with this question: “But it is a four percent tax cut as far as on investments, in terms of payroll tax, it is a tax cut for the rich.” Paul’s answer had Deutsch shaking his head, leaving us to believe the marketing expert does not comprehend basic math:
Well, what it is is that the rich pay more in taxes and so any time you have a tax cut, even if you make it equal across the board and it's not like we're choosing people that have investment income. It just happens that this was a tax increase that was placed on the wealthy. When it comes off, it will be a tax cut for the wealthy, but the thing is the wealthy pay the taxes, so any tax cut, even if it is equal in percentage across the board will always benefit those who pay more in taxes.
I am not sure why this is relevant
Its Donnie Dousche
Math is not only not a friend of liberals, it lives in another country.
EVERYBODY who works, except for full time students under 21, should pay some taxes. EITC and full refunds are the reason there are still liberals in office.
I used to watch him back in the 90s on CNBC - he didn’t advocate liberalism then versus market approaches. Just goes to show you what a persons true colors are when a few shekels are thrown their way.
Deutsch is a dousch
NO! Everyone pays. The sooner kids realize what's happening with their money the sooner they'll drop the kool-aid liberal talking points.
He’s three grade levels too high. Needs to bring it down to shapes-colors-and I may have pooped myself level.
Don, the people who actually pay taxes get relief with a tax break. The people who do not pay anything, already paid nothing.
Geez. Socialists gotta steal other peoples money and try to guilt shame you if you want to keep yours.
You know what you must tell these people. Three words:
Socialist, F-— O—.
....Math is not only not a friend of liberals, it lives in another country...
Nor, are facts of any kind. It’s embarrassing to watch.
The American voters are wising up to Democrat deception. Recent elections show that.
Is that where Dousche came from. never knew what his lack of credentials was?
I used to list my Maw back in the 80’s I believe it was and she ustah watch A-Hole Cris Matthew’s and back then he was semi normal. Now look at him.
Greta is chasing the $$ too.
They all are hypocrites
Repeal the 16th Amendment.
This is a good reason to increase taxes on the poor.
If we tax rich folks at, let’s say 1%, and poor folks at, let’s say 50%, then poor people will benefit the most from a tax cut.
Is he really so stupid that he doesn’t understand that when you are not taxing someone, you are not giving them anything.
“...then poor people will benefit the most from a tax cut.”
I would agree there should be cuts for both rich and poor.
Tax cuts for the rich.
Welfare cuts for the poor.
“Greta is chasing the $$ too.
They all are hypocrites
What I don’t get is if the USA fails as a Democracy, they AND their children would be screwed too, so even if you’re a billionaire, you would have to leave the USA asap via a private vessel.
If the USA collapses, the economic/political shock to the rest of the world would result in global chaos, possibly making once-safe havens not so safe. All these folks, to include the majority of Repblicants sure are short-sighted.
Liberals know the math. That’s what makes them even more infuriating. They know the rich pay most of the taxes. Their idealogy master (which they must obey) tells them the rich and successful must pay ALL of the taxes.
The math / story that also needs to be pointed out is an illustration of what happens as you take more and more of the successful people’s money. At some point there is no more money to steal.
Maybe Senator Paul needs to make the math a bit more clear, so that even someone with the liberalism disease can understand...
So, using the tax cut math, the senator could explain that, if the rich get a tax cut of 10%, then the poor and lower-middle-class should get a 100% tax cut. So, the poor and lower-middle-class would then get 100% back in the taxes they paid. Perhaps then, with 100% back on taxes paid, “the douche” would accept the math.
(That math would be way over his head, and it would never dawn on him that 100% of nothing is still nothing, but, he might be accepting of the 100% tax cut to the lesser-earning classes).
You said it.
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