Well the people benefiting from that top rate cut (the top 1%)

pay as much in taxes as the bottom 96% combined. So you shouldn't feel too angry at the rich... they're more than pulling their weight when it comes to taxes.

FWIW (since I assume this is the next question), the top 1% earned 20% of total income compared to the bottom 96% which earned 2/3 of all income. So the rich currently pay taxes at a rate that is 3x disproportionate to their share of the income.

And don't worry, there's no way taxes are raised on the middle class in 2024. They'll extend the cuts or make permanent... just like they've done every other time this gimmick was used to get a tax plan approved.

In response to this post by WahooMatt05

Posted: 12/14/2017 at 6:01PM

GOP considers letting tax cuts for families expire sooner (link) -- WaxHoo 12/14/2017 1:19PM

Is there anything in this plan, or any tax cut plan that you would like? -- Hoodafan 12/14/2017 3:58PM

'Cause I'm the Wax-Man...oh oh oh the Wax-Man" :>) ** -- Tuckahokie 12/14/2017 4:45PM

Haha! That's well done, I don't care hoo you are. ** -- Hoodafan 12/14/2017 5:13PM

You're hearing things if THAT speaks volumes. -- BocaHoo91 12/14/2017 2:25PM

Well, they also lowered the top income tax rate -- WahooMatt05 12/14/2017 5:23PM

Well the people benefiting from that top rate cut (the top 1%) -- BocaHoo91 12/14/2017 6:01PM

I agree about the gimmick part of your post. But as for the 2nd part, -- hoolstoptheheels 12/14/2017 2:37PM

Is the chained CPI still in it too? Thats another hidden tax increase -- THECZAR 12/14/2017 2:50PM

I don't know all the details, and I don't think they are set yet. ** -- hoolstoptheheels 12/14/2017 2:52PM

In 2024 or 2025. Tell us what it speaks volumes about. -- Hokieesith 12/14/2017 1:53PM

It could have been done during daylight hours too ** -- NJHoo 12/14/2017 2:04PM

Well the people benefiting from that top rate cut (the top 1%)

Insert a Link