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Reply #45: It should be the main issue when discussing income inequality [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
theboss Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-05 10:52 PM
Response to Reply #36
45. It should be the main issue when discussing income inequality
Marginal tax rates and the earned-income tax credit are such now, that further tax cuts to the lowest earners are almost pointless. The problem is that the lowest earners are receving less government benefits because the taxes on the upper incomes and specifically on capital gains are so low.

Capital gains cuts are bonanzas for the wealthiest that help multiply wealth at a fantastic rate, while choking off the government.
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