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Old 11-07-2008, 04:01 PM   #1507 (permalink)
Texpat
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Quote:
Originally Posted by AntRobertson View Post
Sorry, don't quite follow you there? Do you mean that those earning <$20k are at set levels of deductions?
No, those earning less than 20K have enough standard deductions, roughly, to offset any taxes they might owe. They could set their withholding to zero (pay no taxes throughout the year) and still come up oweing nothing or very little. So tax cuts to that group mean nothing more than a payday they otherwise wouldn't have realized. Redistributing from those who make more.
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