[Fyron]

Originally posted by rextorres:

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Originally posted by Alpha Kodiak:
While it is true that dollar-wise the wealthiest people get the most money back, the reason is that they put the most money in. I am not an economist, so I will keep the discussion to a tax situation that I am familiar with -- my own. Prior to the Bush tax cuts, my tax burden was relatively low, since I have four kids and a mortgage, and my wife is a stay-at-home mom. After the tax cut, my burden more than just went to zero, it went negative (I got back more than I put in) because of increases in the child tax credit. One could argue correctly that I did not get nearly as much of a break as the local millionaire, strictly on a total-dollar basis. However, since I received a greater than 100% reduction in my actual tax burden, I am hard-pressed to see how the administration could funnel more of the tax reduction to me. And trust me, no one would peg me as one of the nation's rich people.

How much did you pay in payroll tax (aka ss and medicare)? Sure you probably paid less in Income Tax, but you still had to pay this. The government lumps ALL taxes together so you should too. If you factor this tax in the wealthy pay less tax percentage wise as well. It always baffles me when people forget about this tax.

Trust me your tax "savings" will be lost when you have to make up for the lost services your no longer getting.

A good example is I may save about $1,500 year in taxes but things like wear and tear on my car because the roads are no longer fixed or child care because their is no longer a pre school in my school district will offset this savings. It all "trickles" down.

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Tax cuts are nearly always given when there are budget surpluses, so services rarely get cut do to a tax cut...