Like the comment that the middle class pays most of the taxes. People earning 199,999 dollars a year or less account for 34% of taxes according to Pew Research. Pew by the way is kinda like the gold standard for research. People making over 200,000 a year pay the rest with less than 1% of the population making over 2 million a year paying about 27% of taxes collected. People earning less than 30K a year pay about 1.4% of taxes after refunds.
I suggest that instead of listening to one party or the other spouting nonsense that people stop using social media and forums to get their information and spend just a couple of minutes actually looking stuff up before jumping on the band wagon.
It's kinda like the pie charts they show us to let us know where the government spends it's money. Because of how it's broken down it too is a lie. Biggest example is social programs. Money for that is spread out in budgets for USDA, Department of Housing, Department of Education, Department of Health and Department of Energy. Some foreign aid isn't under the State Department either, falls under military spending. The politicians are very good at hiding where the money is going to.
As far as the new tax cuts? Don't know what's going to happen. I do know that as of last night 47% of big business had already stated that they are either raising workers pay, paying bonuses and or going to expand/renovate/expand which should increase the number of jobs available.
Government jobs programs as some touted on here are not very effective and never have been. external_link's programs didn't really create many new jobs but did protect some existing one. Roosevelt's programs were kinda a flop too. They just didn't provide enough jobs to really stimulate a recovery. Historians are now saying that the US didn't start to recover from the Great Depression until sometime in 1938 when factory orders from belligerent nations in Europe made them start ordering US goods. The US didn't fully recover until 1942 when factories started picking up contracts to provide war materials to the US. Germany on the other hand started their recovery in 1933 when a despicable man named Hitler took power. By 1936 the German economy was doing great, all do to the government placing orders for military equipment. The point is that governments are terrible at creating jobs. Companies make jobs based on sales.
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Today's Featured Article - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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