heres the thing that bothered me about the tax cut. if you cut the lower the bottom brackets (like Gore would have) EVERYBODY gets a tax cut. the way that taxes work, is you get taxed in each bracket. for example (these arent real numbers) lets say these are the brackets [0-15,000, rate 1] [15,000-35,000, rate 2] [35,000-60,0000, rate 3] [60,000-90,000, rate 4] etc someone who makes 70k a year lets say, pays taxes the following 15,000 @ rate 1, 20k @ rate 2, 25k @ rate 3, 10k @ rate 4....most conservatives dont seem to realize that they get a cut too, even if they make 18 quadrillion a year...
oh and "trickle down" does NOT work. lets look at a person making very little money, lets say 20k a year. in order to survive, they will spend just about thier full 20k a year. that 100% of their money going back into the economy. if they get a cut and have an extra couple grand they WILL spend it immediately.
a person who makes 100,000 a year, lets say they have 4 times the living expenses as the other guy, there still banking 20k a year. if they get a couple extra grand what are they gonna do? its going in the bank with the other 20k...its simple economics people....its not that tough...
