too bad libs keep believing their lies...

"A careful analysis of detailed tax data from 2017 and 2018, the first year the TCJA went into effect and the most recent year for which detailed IRS income data are available, reveals that over just one year, households with an adjusted gross income of $15,000 to $50,000 saw their total tax bills cut by an average of 16% to 26%, with most filers enjoying at least an 18% tax cut. Similarly, filers earning between $50,000 and $100,000, one of the largest groups of taxpayers, experienced a 15% to 17% tax cut, on average, from 2017 to 2018.

Higher-income households also experienced sizable tax cuts, but not nearly as large as the tax reductions provided by the law to working and middle-class families. Those with AGIs of $500,000 to $1 million, for example, had their taxes cut by less than 9%, and filers earning $5 million to $10 million received a 3.4% cut, the lowest of any bracket provided by the IRS.

The data also show that wealthier filers ended up providing a slightly higher proportion of total personal income tax revenue in 2018 than they did in 2017. In 2017, filers earning $500,000 or more provided 38.9% of all personal income tax revenues. In 2018, the same group provided 41.5% of revenues.

That means the Trump-GOP tax cuts made the income tax code more progressive than it had previously been. That's a remarkable finding. After all, Democrats have spent the past few years insisting the TCJA provided a huge windfall to the richest income brackets while leaving everyone else behind! "



https://www.washingtonexaminer.com/opinion/irs-data-prove-2017-tax-cuts-benefited-middle-class-the-most

@mott-the-hoople said
"A careful analysis of detailed tax data from 2017 and 2018, the first year the TCJA went into effect and the most recent year for which detailed IRS income data are available, reveals that over just one year, households with an adjusted gross income of $15,000 to $50,000 saw their total tax bills cut by an average of 16% to 26%, with most filers enjoying at least an ...[text shortened]... ps://www.washingtonexaminer.com/opinion/irs-data-prove-2017-tax-cuts-benefited-middle-class-the-most

@jimm619 said
Apparently, this is true; factual
'The Washington Examiner,' is biased,
'The Hill,' is not.
https://news.yahoo.com/irs-data-prove-trump-tax-130007569.html?fr=sycsrp_catchall
https://mediabiasfactcheck.com/washington-examiner/
https://mediabiasfactcheck.com/the-hill/

@mott-the-hoople said
"A careful analysis of detailed tax data from 2017 and 2018, the first year the TCJA went into effect and the most recent year for which detailed IRS income data are available, reveals that over just one year, households with an adjusted gross income of $15,000 to $50,000 saw their total tax bills cut by an average of 16% to 26%, with most filers enjoying at least an ...[text shortened]... ps://www.washingtonexaminer.com/opinion/irs-data-prove-2017-tax-cuts-benefited-middle-class-the-most

@mchill said
Lost in all this text of yours is the fact that these tax cuts (no matter who they target) mean there is less tax revenue to pay on the ever-larger national debt. America owes China Trillions of dollars, (plus interest!) America should be paying its own bills, not running up more debt. It's time to close tax loopholes (especially for the rich) and hire more field auditors to g ...[text shortened]... now leveraged to the hilt like some 3rd world banana republic.

- or have you thought about that?

@mchill said
Lost in all this text of yours is the fact that these tax cuts (no matter who they target) mean there is less tax revenue to pay on the ever-larger national debt. America owes China Trillions of dollars, (plus interest!) America should be paying its own bills, not running up more debt. It's time to close tax loopholes (especially for the rich) and hire more field auditors to g ...[text shortened]... now leveraged to the hilt like some 3rd world banana republic.

- or have you thought about that?

@mott-the-hoople said
https://thehill.com/opinion/finance/584190-irs-data-prove-trump-tax-cuts-benefited-middle-working-class-americans-most


LMFAO

@mchill said
Lost in all this text of yours is the fact that these tax cuts (no matter who they target) mean there is less tax revenue to pay on the ever-larger national debt. America owes China Trillions of dollars, (plus interest!) America should be paying its own bills, not running up more debt. It's time to close tax loopholes (especially for the rich) and hire more field auditors to g ...[text shortened]... now leveraged to the hilt like some 3rd world banana republic.

- or have you thought about that?

@Mott-The-Hoople
I am sure YOU think we should pay down the debt before giving ANYONE money.

But OF COURSE you ignore the benefits of the bill, getting net to everyone, paid family leave, low cost child care, I guess you figure, NUTS to all of that, we can't afford it.

That is the repub mantra. Well, when Moscow Mitch actually allows bills to even be DISCUSSED much less voted on.

@jimm619 said
Agreed.....Why should the wealthiest,
and The Corporations receive ANY TAX CUTS?
Doncha' think Exxon/Mobil, among others, should pay U.S Taxes?
----------THEY DON'T-----------
Read this;
https://money.cnn.com/galleries/2010/news/1004/gallery.top_5_tax_bills/2.html

@mott-the-hoople said
"A careful analysis of detailed tax data from 2017 and 2018, the first year the TCJA went into effect and the most recent year for which detailed IRS income data are available, reveals that over just one year, households with an adjusted gross income of $15,000 to $50,000 saw their total tax bills cut by an average of 16% to 26%, with most filers enjoying at least an ...[text shortened]... ps://www.washingtonexaminer.com/opinion/irs-data-prove-2017-tax-cuts-benefited-middle-class-the-most

@wildgrass
And bills started by dems, forget it, throw them in the trash, thanks to Moscow Mitch.

@mott-the-hoople said
while your post has nothing to do with the original subject, I must ask, are you against the build back better socialist spending bill? or should we pay down our debt first?

@jimm619 said
Republicans that voted AGAINST
THE BILL are already starting to
take credit for it....Have they no shame??
https://www.nbcnews.com/now/video/biden-shows-list-of-republicans-promoting-jobs-plan-they-voted-against

@Mott-The-Hoople
Here are the one that passed:

But you probably would NEVER look at DEM accomplishments.

But repubs, being the total hypocrite TRAITORS they are, quickly jumped on the bandwagon declaring how much money comes to THEIR states.