[quote name='ZarathosNY']
Yeah, that 600 check was just an advance on your refund. Not an additional one. I saw no change in what I got back. Our economy is consumer driven. Stock prices will not help the economy get better. People spending money does. That why if his tax cuts went to the middle and lower class instead of the top 1%, the economy would have received a shot in the arm. It doesn't matter if a company can offer better products if no one has the money to buy them. That's why you give the money to the middle class. They go out and spend the money, put it in the companies pockets, then they can develop better and new products.[/quote]
That check was an advance, yes. But virtually everyone who paid federal taxes, saved money under the tax cuts.
Spending money does revitalize the economy. Especially in the short run. Companies growing, hiring, selling products, providing services, helps in the long run. Both are necessary, both were served under the cuts. Not all of 'the Rich''s tax cuts went into the stock market. Again, if it was saved via a banking system, that puts the money out there for others to us. And, realistically, who spends money? The people with money. Who's going to buy a 1.5 million $ house and get that money out there? Not me, the 'Rich'. Who's going to spend 15k on a dedicated home theatre room? Not me, the Rich. [Which is why I would like to see the FairTax.]
"the total federal tax burden has decreased for all income groups"
"It is also true, however, that the share of total federal taxes paid by the least affluent Americans -- those in the bottom 40% of earners -- has also decreased a bit. Kerry doesn't mention that, even though many of those persons also consider themselves "middle class.""
"And the overall system remains progressive, with upper-income groups paying significantly both higher rates and a higher share of the overall burden than lower-income groups."
"But the fact is, all income groups are paying a lowered tax burden this year under the Bush cuts, the "middle class" included."
http://www.factcheck.org/article280.html
If you pay federal taxes, and you didn't save *anything* under the tax cuts, I'd revisit my tax return or plan for next fiscal year. And as always, based on people's personal tax and economic situation, there's always an exception.