Quote:
Originally Posted by Tresselbeliever
You are right about one thing, and that is the problem that the government is giving back money that it doesn't have. Look, I'm not against tax cuts for the middle class to drive up demand, but what I am against is the notion that just because you make 250k, the gov't ought to reach into your pocket and give it to someone else. That is wrong. It's a disincentive, because 250k is within reach of a lot of Americans, and it's big government.
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the government would just be taking back taxes from the upper income brackets that it should have collected previously, before wealthier individuals were given tax breaks.
I also don't think that 250k is a disincentive. I'd gladly take the tax hit if it meant moving into the 250k yearly income bracket. The reality is that 250k is NOT within reach of a lot of Americans. About 10% of the U.S. population makes over 100k yearly, let alone 250k.