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

9 pages in and still no explanation on how this will raise taxes on the middle class.

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Numbers easily disprove his false statement.

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Thank god I'm on the right side of that really fricked up Laffer curve.

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Thank god I'm on the right side of that really fricked up Laffer curve.

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There is nothing funnier than people earning frm $50k-200k thinking they are safe from being taxed into oblivion because they are "middle class" and not "rich".

They're going to be targets of the majority of tax increases in the future. Mathematically, they have to be. If you took every penny of income from those >$1milion, you still couldn't balance the budget at today's spending levels.

It's coming. They just don't know it yet.

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if passed in its present form, some people are going to get a surprise they don't like.

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Now or later. As I noted earlier in this thread the increases in Ryan's plan seem to align with the fat part of income earnings. WaPa pegs it as A 2.5% increase,which would generate a lot of revenue.

He's politically stupid for proposing it. It's needed badly with our spending levels. But he should let the dems propose it first. Which is probably what they were saying about republicans.

It's a high-stakes game of chicken to see who stops lying to the American people first. So far both political parties have not even come close to the truth. They keep saying "no new taxes on the middle and lower classes".

People forget the aggregate numbers. They think "the rich" have all the money and we can just tax them more to balance the budget.

Nope.

And those same ignorants think "the rich" are getting a huge break because the individual cuts are larger are causing our deficits.

Nope.

Because "the rich" only make a limited amount of the aggregate taxable income base, you can make bigger per-taxpayer changes there and not effect revenue all that much. Even a small change in the fat part of the income spectrum.. makes for a huge change in revenue though. (Notice WaPo graphs individuals, not aggregate income levels)

The Ryan plan is a "sneaking up" on that. It's not enough of an increase to do any good, but, it's plenty to hand democrats the "you're hurting the middle class to give breaks to the rich!" argument.

It's just the beginning.

BOHICA.