You're right on with this post.
The sad thing is, people don't care about that statistic. I don't know why, but they don't. People who fall into that over $120,000 a year bracket still will vote democratic, and they point to this fallacy:
"The richest 1% of people, under the Bush (or whatever republican) plan, will receive 80% of the tax cut."
Remember that crock of sh*t Gore and the like were spitting out last election? It's a simple statistical "lie." True, their mathematics are correct, but the message they send is that the filthy rich are going to get all the money, the normal people are still screwed. That's completely wrong. Here's the math that shows why:
Let's say Bob earns $1,000,000 per year.
Let's say JimBob earns $30,000 per year.
Now they pay taxes, 50% for Bob since he's rich, and 20% for JimBob since he's not.
Bob taxes: $500,000
Jimbob taxes: $6,000
Now what if there was a tax cut of 5% across the board (similar to what Bush planned.)?
Bob's new taxes: 45% ==> $450,000
JimBob's new taxes: 15% ==> $4,500
Bob's savings: $50,000
Jimbob's savings: $1,500
Oh my! That's Criminal! Bob is already rich, yet because of the tax cut he's saved $50,000 compared to JimBob's measley $1,500!!! OH lawwwwd! (just a little sarcasm)
When the democrats use their "richest 1%" lie, er, statistic, what they're doing is complaining that Bob "got back" 33 and 1/3 times as much money as JimBob. The problem with that complaint is that Bob is still paying $445,500 MORE than JimBob in taxes.
So, basically, after all this, we're back to the simple fact that Democrats don't want rich people, or even mildly successful people (income > $60,000 each for a married couple) to keep their money and be able to use it. They want it to pay for those "less fortunate" who decided to lay bricks or sit on their arses and collect welfare. Nevermind putting yourself through college and trying to succeed in life, if the Democrats have their way you'll end up in the same spot as the bus driver financially... sounds a little like the FAILED Communist Russia doesn't it?
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