General Discussion
In reply to the discussion: Right-wing obstruction could have been fought: An ineffective and gutless presidency’s legacy [View all]hfojvt
(37,573 posts)and yet, somehow, the richest 1% got 18% of the tax cuts.
Whereas the poorest 40% - got just 10% of the tax cuts.
But hey, the top 5%, they aren't rich at all either are they? Thank God for OWS and their moronically stupid "1%" meme. It allows the top 4% to get another 18% of the tax cuts.
36% tax cuts for the top 5%
19% tax cuts for the bottom 60%.
Smells like Reaganomics to me.
And that does not even take into account the fact that when tax cuts for the rich were made permanent, the accursed payroll tax was allowed to expire. (also included in the link). http://www.democraticunderground.com/10022130101
And when taxes are cut for "income under $450,000" guess who gets most of the benefits?
Hint: it's not people making $40,000 or $50,000 or $60,000 or less (the majority of the United States).