LeftofLeft
Diamond Member
- Oct 18, 2011
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- #161
Let Me ask you something.Middle Class taxpayers have seen their take home pay decline. The bottom 47 percent pay no income tax, the top 10 percent income earners pay 71 percent of the income tax while middle class income earners pay the highest percent of their paycheck to income taxes.
Who is going to deliver relief for the Middle Class and how? For starters, demonizing the wealthy and making the poor pay income taxes are not viable solutions as they do not directly address the Middle Class getting more take home pay.
The take home pay of the middle class it what exactly? I'm middle class.....My take home pay is My gross earning minus taxes and authorized payments to insurance.
When you ask what is to be done, what part of the deductions from the middle class pay can be changed?
I hear a lot of liberal whining about middle class wages in decline, but I never seem to see any of them offering to bolster what makes the middle class. Jobs. Specifically, businesses that provide those jobs.
Instead, we get more regulations on those businesses, and more taxes on those businesses.
Great question and in the spirit as to why I created the thread. This is simply another edition, but necessary one, on "The Middle Class squeeze." Middle Class are paying the highest percentage of their paycheck. the bottom 47 percent pay nothing (actually get paid as opposed to paying....which is fine) and the wealthy pay a smaller percentage of their income yet still collectively account for 71 percent of the income tax pool. If you as me how to solve the Middle Class squeeze, I think there needs to be a concerted effort to define middle class income and come up with a plan of Tax cuts aimed specifically at the Middle Class. Easier said than done, I get it. Part of this needs to be broad reduction in spending increases if not outright spending cuts.