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by 18pfsmt
2498 days ago
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In the U.S., the bottom 47% pays zero income taxes. The tax rates on the middle class are far lower than in Europe. Look at the actual tax brackets (i.e. the data). As for the idea that the latest tax reform only helped the wealthy: "The analysis Doggett referenced indeed indicates benefits will accrue to the very wealthy over time. Yet in the first year of changes, the top 1 percent are projected to draw a little over half the tax savings. The threshold of 80 percent going to the top 1 percent is projected for the tenth year. Also, Doggett’s stated figure for incomes is too low; it ties to the first year of implementation." https://www.politifact.com/texas/statements/2017/oct/20/lloy... |
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