Democratic Leaders Are Delusional or Liars When They Refuse to Acknowledge Facts
Trump Tax Reform benefited lower income brackets disproportionately more than upper income brackets.
I have been saying this for many years. Here is the data once again to prove the point.
Trump Tax Reform benefited lower income brackets disproportionately more than upper income brackets.
I have been saying this for many years. Here is the data once again to prove the point.
https://twitter.com/thehill/status/1467137891369472003
"The fact is, GOP's 2017 tax reform law did exactly what was promised: It lowered taxes for all income groups, provided the greatest benefits for middle-income households and spurred economic growth that helped to reduce poverty and improve prosperity."
thehill.com/opinion/financ…
thehill.com/opinion/financ…
Illustrative example:
New York Governor Andrew Cuomo Got A Tax Cut From Trump's Tax Reform
The Governor's income in 2017 and 2018 was exactly the same; $212,000.
His Federal Tax Bill for 2017: $41,765
His Federal Tax Bill for 2018: $39,138
He SAVED $2,627.
New York Governor Andrew Cuomo Got A Tax Cut From Trump's Tax Reform
The Governor's income in 2017 and 2018 was exactly the same; $212,000.
His Federal Tax Bill for 2017: $41,765
His Federal Tax Bill for 2018: $39,138
He SAVED $2,627.
I wrote the below thread on June 5, 2019, long before the actual IRS data became available. It was not hard. Tax law changes and elementary logic was all that was needed to make these predictions. Most economists failed to do it because ... Trump!
https://twitter.com/bansisharma/status/1136290935418044416
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