Another Donk LIE Being Debunked
The Donks are full of LIES, Rhetoric, and stupid memes. Like the one "Bush's Tax Cuts Only Help the Rich!!", well that lie has now been dispelled.
So Mr Donk, who did the Tax Cut benefit? I'll give you two guesses, and one of them isn't "the rich". Even though their lie has been debunk, expect them to continue chanting their mantra, because they feel that if they chant it enough, their koolaide drinking followers may believe it.
Mr Minority
Amid all the talk that recent tax cuts have benefited only the rich, a new report reveals that they've actually aided lower-income Americans to the point that the number of filers paying no taxes at all has reached a record high.
"Despite the charges of critics that the tax cuts enacted in 2001, 2003 and 2004 favored the ‘rich,' these cuts reduced the tax burden of low- and middle-income taxpayers and shifted the tax burden onto wealthier taxpayers," states a report by the Tax Foundation, a nonpartisan research organization founded in 1937.
Tax Foundation economists estimate that for the 2004 tax year, a record 42.5 million tax returns – one third of those filed - resulted in no tax liability after filers took advantage of credits and deductions.
The number of zero-tax filers has increased 42 percent in just four years.
So Mr Donk, who did the Tax Cut benefit? I'll give you two guesses, and one of them isn't "the rich". Even though their lie has been debunk, expect them to continue chanting their mantra, because they feel that if they chant it enough, their koolaide drinking followers may believe it.
Mr Minority
