Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

getagrip_already

(17,619 posts)
6. Whats the point of that article?
Tue Aug 13, 2024, 12:03 PM
Aug 2024

That tax cuts are only for the rich?

Dont bother offering them to the middle or lower class?

Really?

I dont get that.

There is a stark difference in the tip proposals for example. Under tsf's, you could see hedge fund managers and even lawyers restructure their comp plans to reclassify much of their oncome as tips, thus avoiding taxes.

Under harris, its only applicable to service workers making under a minimum amount, and it accompanies an increase in the minimum wage. It would have almost no impact since there is no taxable income below $15k anyway, which is where most servers and service workers fall. It would just simplify the tax code for them.

So again, what is the point of the article? Status quo? Leave the rich alone?

Recommendations

2 members have recommended this reply (displayed in chronological order):

Latest Discussions»Editorials & Other Articles»Hot tip: Both parties sho...»Reply #6