It is not a case to increase job creation; it is the economics of tax collection.
The reason for not giving the middle class a good tax break is they are the largest contributing group to the government's purse.
The upper tier individuals make up a very percentage of the tax dollars collected even if they pay 1000 times an average middle calss person pays.
If you have a population of 300 million people, about 25% may be gainfully employed (75 million people).
Out of that about 2 to 5 % of the gainfully employed are in the upper tier income bracket (0.075 to 3.5 million) people.
Average middle class net income is about 25,000 per year
300,000,000 X $25,000 = 7,500,000,000,000
Average Tax collected ($755 + $2617.50) X 300,000,000 =
There are about 90,000 upper tier income earners (above $250,000 per year). Guestimate average net income oth these 90,000 people $1,850,000
Average Tax collected
($755 + $3465 + 10,877.50 + 22,568 + 59,977.50 + 529,707.50) X 90,000 =
0.5% decrease in the Average middle class income tax =
0.5% decrease in the upper tier income tax =
It would cost the Federal Goverment $4,826,442,275 if they reduced the total income tax of the middle class income tax brackets instead of the total income tax upper tier income tax brackets.
This is a very simplified example but shows the great difference of tax reductions for the majority of tax payers against the very small minority upper tier tax payers.
As I stated, it is not a matter of freeing up more money for upper income folks to invest expands our economy and creates jobs.
It is simple economics.
Hope this helps.