Every bracket profited from Trump’s tax cuts.
Originally Posted by Jacuzzme
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/