10 Feb 2020 3:16 pm
Did you actually read and understand the story? It DOES NOT SAY that billionaires paid less taxes under the Trump tax cuts! It says that the 400 or so "ultra-rich" POTENTIALLY pay a lower tax RATE than the "working class" in a book by a couple of leftist's analysis from Berkeley! Those 400 people paid NO LESS THAN ANYONE ELSE on the first half-million dollars of income. That's called EQUALITY!Misty » 10 Feb 2020 2:08 pm » wrote: I am not a Democrat.
And when it comes to being 'gullible' Trump supporters win first prize.
On what planet?
Trump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018
https://www.forbes.com/sites/camilomald ... 154ad53128
If you want the reality instead of the phony liberal talking points, here are the facts. And I don't believe for a second that knowing the facts will stop you or anyone else from continuing to believe and spout the more comfortable lie for all those who hate Trump anyway:
Before the Trump tax cuts, the bottom 80% of income earners paid roughly 33% of all federal income taxes, but received 35% of the benefits from the Trump tax cuts. The top 1% paid 27% of all federal taxes, and received only 21% of the tax cut, according to the center-left
Tax Policy Center.
The Tax Policy Center found that more than
80 percent of taxpayers received a
tax cut, with less than five percent receiving a tax increase. The five percent who saw increases were mostly wealthy people in coastal States who had their write-offs for mortgage interest and for state and local taxes capped. The average cut in taxes was $1,600.
An analysis by the center-right
Tax Policy Center in 2018 yielded almost identical results when it came to the share paid by earners; that the top 1 percent of income earners would glean 20.5% of the tax cut benefits.