October 08, 2004
Note to Nick Gillespie and Mike Snell: Tax Cuts Do Not "put money" in Our Pockets

Reason: You May Already Be A Winner

These calculations suggest that, contrary to John Kerry and other critics, the Bush income tax cuts have in fact put real money in the pockets of typical American families.

No.

The Bush income tax cuts have in fact left more money in the pockets of typical American families. Cutting taxes means the government takes less of our wealth. Furthermore, the government cannot put money into our pockets without stealing or coercing it from someone else. That's one reason I feel queasy about accepting my income tax return check.

But both Mr. Gillespie and Mr. Snell still right regarding the intent of the article. Because the wealthy pay an exorbitantly large percentage of federal taxation, when taxes are cut for all income brackets, they will save an exorbitantly large amount that would have otherwise been taxed. See: How US Taxes Work.



Posted by Drizzten at October 08, 2004 02:03 PM

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