FOX Lies!! Barack Obama Pastor Wright

[ChristopherHall]

Originally Posted by pelathais

I am far from the "top 2%" and the tax cuts help me. Also any help to "corporations" will help to ensure that I have a job.

Remember, when taxes are cut, it's not a "hand out." Tax cuts are simply a way of letting people keep a little more of their own money. Or in the case of a "corporation" it's a way for their shareholders (often retirees) to keep some of their own money and for workers to keep their jobs.

Most money saved by corporations in the way of tax cuts and rebates is invested in foreign stocks and markets. Only smaller corporations who rarely venture out side of the US when it comes to investing have a chance to pass that savings down to the employee. A good example would be Wal-Mart. Wal-Mart received massive amounts of money when taxes were cut. Employee salaries and benefits weren't raised, the number of positions didn't increase outside of store growth projections. But they invested far more in foreign markets benefiting foreign economies more than the United States economy.

From what I've seen and read, "the top 2%" don't even qualify for the tax cuts, so I'm puzzled why you bring them up. I forget, but I think the cut off was 100K a year or somewhere there abouts. I think something closer to the top 20% won't see any breaks at all.

The top 2% received very healthy tax cuts. That's a fact.

... bunch of rich folks, don't deserve that money anyhoo! (That is... "they don't deserve their own money, anyhoo!")

Most wealthy individuals have more options for tax shelters than the average middle class American. That means, if the wealthy intelligently saves their money they can evade a significant measure of taxation. Those who are not familiar with this process don't know about these shelters.