Liberal Forum

Buffalo » 12 Apr 2024, 6:13 pm » wrote: ↑

12 Apr 2024, 6:13 pm

Bidencrimefamily » 12 Apr 2024, 10:58 am » wrote: ↑

12 Apr 2024, 10:58 am

But But trickle down. 

You start bitching about billioniares running everytging after giving them more power. 

I think it's funny.

Fool, Trump's Tax Cuts and Jobs Act did not favor the wealthy!!! 

By far the most significant benefits of Trump's tax cuts went to the middle and working classes NOT the wealthy.Studies: Trump tax cuts helped lower income families, Build Back Better helps wealthier Americans

A new analysis published by the Heartland Institute found that the TCJA reduced the average effective income tax rates for taxpayers in every income tax bracket – but the lower- and middle-class saw the greatest benefits – with the lowest-income filers receiving the largest tax cuts.
IRS data also show that middle- and working-class Americans received tax cuts of between 11% and 88% in 2018, at least double that of wealthier taxpayers, with those making between $500,000 and $1 million receiving single-digit cuts.

Filers with an adjusted gross income of between $30,000 and $40,000 paid roughly 18.41% less; those with incomes between $40,000 to $50,000 paid 18.2% less; and those with $50,000 to $75,000 in income paid roughly 17% less, according to 2018 IRS data analyzed.

 While Democrats continue to claim that the TCJA gave tax breaks to the rich, IRS data show that higher-income earners paid more in taxes in 2018 than they did in 2017.

For example, those who reported income of $500,000 or more in 2017 paid 38.9% of all personal income tax revenues; in 2018, their share of taxes accounted for 41.5%.
Studies: Trump tax cuts helped lower income families, Build Back Better helps wealthier Americans | National | thecentersquare.com

Stop getting **** by the talking lapdog lying for the dim-0-craps liberal media!!!