Pawlenty's super-rich tax cuts

[FreakinDJ]

Pawlenty's super-rich tax cuts

Charles Riley
CNNMoney

Hey rich folks, Tim Pawlenty wants to cut your taxes. A lot.

Under the terms of his recently revealed economic plan, Americans in the top 20% of earners would see their taxes cut by an average of $23,500, an 8.6 percentage point drop in their tax rate, according to an analysis by the nonpartisan Tax Policy Center.

And the top 1% would get an annual average reduction of $261,000, a 14.8 percentage point drop.

Meanwhile, Americans in the lowest 20% of income would see their taxes drop by an average of only $23, a 0.2 percentage point change in their tax rate.

http://finance.yahoo.com/news/Pawlentys-superrich-tax-cnnm-3409270497.html?x=0

Hidden amongst all the Social Security Cuts and Medicaid Slashing Pawlenty shows his true colors.

What kind of Moron Tea-Farty Members support this crap

[n2doc]

1. It's not a tax cut when the benefits you are paying for are cut

Under his, and Ryan's, plans your Soc Security taxes go to prop up the mil-industrial complex, not to providing retirement support. Same with Medicare cuts and medicare taxes. So you get less in return. A net loss to the poor.

Their plan is to have no social net, but still have payroll and other taxes left in place. That way the rich can get taxes cut, like income and capital gains taxes, that they primarily pay, but still leave enough money coming in to fuel the subsidies and war machines they love.

[Kat45]

2. Top 20% getting their taxes cut by more than a lot of people make in a year.

Sickening.