re: Ryan tax plan would cut taxes on rich and RAISE THEM on middle class - WaPo

You have to be the worst prog bitch on here now.

well in fairness the middle class don't pay income tax.

the only way to give them a tax cut would be cutting the social security tax.

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What is he full of shite about?

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He knows that posting the % tax paid by income brackets is bullshite. When all of the income growth goes to the top, then OF COURSE they'll pay a greater share over time - they're making more money!

But that doesn't mean that they're paying more as a percentage of the money they're making (or, being soaked) - just that they're making vastly more money and paying a smaller percentage of it ever since we started dabbling in trickle-down economics.

He knows this, or should, but understands that most of this board doesn't, so he pretends like that matters.

Lol that still doesn't change the fact that they are paying an increasingly higher percentage of the taxes paid in this country. This isn't just a top 1% question either, it's a top 25% question.

When you and the other slobs tout the line of the successful among us paying their fair share, keep that in mind.

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The plan that Ryan (R-Wis.) and his colleagues in the House have put forward would not substantially reduce taxes for the middle class, and many households would pay more.

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I'm so sick of poorly written garbage like this. Totally crafted to be inciteful but not insightful.

Raised by how much? $1, $10, $10,000?

Here's the math... there is A LOT more "middle class" tax payers than "rich" taxpayers. So a small increase across a wide population will take in more revenue than a huge increase on "the rich".

The. WaPo presents this gem...



Notice how by switch to "% after tax income". Bastards. Looking at that chart two things jump out. The amount of tax increase seems to be less than 2%. Which isn't much. Further those increases are in the top 10% and top 5% brackets.

Top10% is about $100k/yr. I've been reminding people that think hey are "middle class" that they are rich for years. And yes, they are going to be target of tax increases. Why?



That group makes most of the income in this country. Not "the rich". Ryan's plan overlays almost exactly with the largest bars in that chart. (roughly $100k is top10%, 250k top5% iirc)

My guess is Ryan is trying to maximize revenue while maximizing the amount to tax relief. And it makes sense from a mathematic and revenue perspective.

It makes no sense from the political perspective.

The problem here is the preception that people making a top10% income (~$100k/yr) are "middle class". They aren't. And since in aggregate they make the majority of the income... they are inevitably going to be the subject of tax increases in the future (from both parties).

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You may disagree that it is influential. It is accurate.

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Maybe this will make it clear for you - I know how sometimes you need things spelled out in multiple formats to grasp simple concepts:

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Because they have an increasingly higher share of wealth/income in this country over time. That's why they're paying higher taxes ON A LOWER TOP MARGINAL RATE

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You think tax rates go down as income goes up? Link?

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No they aren't. The Bush tax cuts expired and they are now up to 39.6%.

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Oh no, what a jump!



It's like you're intentionally bad at this.

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The portion shouldered by the "top" is not.

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Because the "top" is increasingly taking a larger slice of the pie.

So you would not expect it to be consistent, even though the top marginal tax rates are lower than before this little experiment in trickle-down economics started/failed.