Quote:
Originally Posted by Jacuzzme
Every bracket profited from Trump’s tax cuts.
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While that statement is true, those at the upper end of the income bracket made out much better than those at the low end. Unless you look at it percentage-wise.
"The 2017 Trump Tax Law Was Skewed to the Rich, Expensive, and Failed to Deliver on Its Promises"
https://www.cbpp.org/research/federa...led-to-deliver
"1. Renewing the Trump tax cuts overwhelmingly benefits the wealthy and their businesses.
The top 0.1%, who all have incomes over $4.5 million, would get an average tax cut of $175,000 in the first year (2026) if the Trump tax cuts are renewed (see chart), according to the Tax Policy Center. Those with incomes over $1 million would get a nearly $50,000 tax cut.
Meanwhile, most taxpayers—55%, or 102 million households making less than $75,000 a year—would get an average tax cut of just $330 a year. That’s less than $1 a day. Households making under $50,000 a year would get an average tax cut of less than $200—only about 50 cents a day!"
https://americansfortaxfairness.org/...care-medicaid/
"Six years later, more evidence shows the Tax Cuts and Jobs Act benefits U.S. business owners and executives, not average workers"
https://equitablegrowth.org/six-year...erage-workers/
