Wealthy Would Get Billions in Tax Cuts Under Donniecare

[Best Virginia]

Two of the biggest tax cuts in Republican proposals to repeal the Affordable Care Act would deliver roughly $157 billion over the coming decade to those with incomes of $1 million or more, according to a congressional analysis.

The assessment was made by the Joint Committee on Taxation, a nonpartisan panel that provides research on tax issues.

It is not unusual for tax cuts to benefit mostly the wealthiest, but still save some money for a majority of Americans. But the benefits of these reductions would be aimed squarely at the top.

https://www.nytimes.com/2017/03/10/business/tax-cuts-affordable-care-act-repeal.html?ribbon-ad-idx=18&src=trending&module=Ribbon&version=origin&region=Header&action=click&contentCollection=Trending&pgtype=article

 

[atlkvb]

Two of the biggest tax cuts in Republican proposals to repeal the Affordable Care Act would deliver roughly $157 billion over the coming decade to those with incomes of $1 million or more, according to a congressional analysis.

The assessment was made by the Joint Committee on Taxation, a nonpartisan panel that provides research on tax issues.

It is not unusual for tax cuts to benefit mostly the wealthiest, but still save some money for a majority of Americans. But the benefits of these reductions would be aimed squarely at the top.

https://www.nytimes.com/2017/03/10/...ick&contentCollection=Trending&pgtype=article

Wealthy people already have the money Best Virginia. They just won't have to turn it over to Uncle Sam.

It's their money, they aren't being "given" anything.

How much extra do you send in?

 

[atlkvb]

The "wealthy" already do pay their "fair share" of taxes and since they make the most money they do already pay the majority of the taxes collected.

So it stands to reason that when it comes time to reduce taxes, they will get larger proportions of cuts based on the larger amounts of taxes they pay. It is their money, so they will get to keep more of it!

How much more should they be paying beyond what they're paying now?

https://constitutionalconservative.wordpress.com/myth-the-rich-dont-pay-their-fair-share/