On 06/06/03 13:53, Thon said...
If you pay no taxes a
tax cut won't do anything for you. You can't
pay less than zero (ok maybe with earned income
credit).
Sure you can,just because you pay 0 in income tax doesnt mean you cant get a tax cut. These folks are out to exempt more of their money from taxes. i.e. the cut in capital gains, the cut in dividens tax, the cut in inheritance tax.
One
last thing, low income people may spend more at
Walmart, but they don't spend more in general
and they almost never hire employees therefore
they are never able to create jobs.
Ask yourself which would you rather have 5 customers spend 5000. dollars or 500 customers spend 500.00? That is what i mean. Sam Walton didnt become one of the richest men in the world selling to rich folks.
Low, moderate and middle income people is where the real dollars are. That is why a tax cut for these folksis better for the country. Their sales dollars create far more jobs, real wealth, than a few high end sales!
