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by mikestew
3189 days ago
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It’ll get spent or invested (either directly or indirectly by a bank if saved). Ah, the ol' "trickle down economics" trope that refuses to die. I've been waiting since the Reagan administration to see it actually work as advertised. Tax cuts are good. Stop saying they’re bad. If only saying it made it true. The current proposal doesn't look to benefit me, a household making well into six figures. Guess we'll have to work harder to make the >$400K needed to benefit from the latest "reform" proposal. That, or start funneling all of our income through an LLC. Meanwhile, at the bottom end, the taxes go up from 10% to 12%. Tax cuts are good if you're incredibly rich (and not just mildly rich like me). For the vast majority of us, it won't benefit us at all. |
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