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

quote:

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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.