IRS data proves Trump tax cuts benefited middle, working-class Americans most

[FriscoDawg]

Dimmwit narrative goes down again.

IRS data proves Trump tax cuts benefited middle, working-class Americans most | TheHill

A careful analysis of the IRS tax data, one that includes the effects of tax credits and other reforms to the tax code, shows that filers with an adjusted gross income (AGI) of $15,000 to $50,000 enjoyed an average tax cut of 16 percent to 26 percent in 2018, the first year Republicans’ Tax Cuts and Jobs Act went into effect and the most recent year for which data is available.

Filers who earned $50,000 to $100,000 received a tax break of about 15 percent to 17 percent, and those earning $100,000 to $500,000 in adjusted gross income saw their personal income taxes cut by around 11 percent to 13 percent.
By comparison, no income group with an AGI of at least $500,000 received an average tax cut exceeding 9 percent, and the average tax cut for brackets starting at $1 million was less than 6 percent.

That means most middle-income and working-class earners enjoyed a tax cut that was at least double the size of tax cuts received by households earning $1 million or more.

[Guisslapp]

Interesting in that was the part of the tax cut that had bipartisan support. Dems just didn’t like the budget busting (on absolute, not percentage terms) corporate and wealthy tax cuts.

[DawgyNWindow]

Interesting in that was the part of the tax cut that had bipartisan support. Dems just didn’t like the budget busting (on absolute, not percentage terms) corporate and wealthy tax cuts.

Well that's quite a bit of history re-write.

I seem to remember them wetting their diapers over the SALT provisions, which mostly just raised taxes on the truly wealthy.

[dawg80]

The Dems and their allies in the lamestream media have been screaming the Trump tax cuts only benefitted the rich. Of course, those of us with an IQ above a turnip (unlike the lefties whose IQ lags a turnip) knew the truth. Some of us posted that here and of course our resident commies tried to dispute it. They just post stupid stuff for the sake of posting something...stupid.

Eventually all the truth about our gallant president, Donald Trump, will come out and many morons will be left scratching their pea-brain heads wondering how they got it so wrong. Simple solution, turn off CNN and MSNBC and watch the truth on FOX.

[FriscoDawg]

This one is actually funny.

OUCH: Dem Senator Ripped By Own Son For Tax Plan -- "Why Does He Hate Us/The American Dream So Much?" (thegatewaypundit.com)

[FriscoDawg]

Bad news for New York, California, other high-tax blue states.

SALT deduction cap remains after Supreme Court rejects NY challenge – Orange County Register (ocregister.com)