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Sunday, December 24, 2017

I DO WISH INFOWARS WOULD ACTUALLY READ THEIR SOURCES BEFORE THEY REFERENCE THEM



Of the 5 'facts', this is no. 2:
2. Every single income bracket will receive tax relief, with the largest cuts going to the middle class according to the Tax Policy Center, contrary to MSM talking points that insist only the very wealthy will benefit.

But if you actually read the Tax Policy Center's assessment they say this:
Compared to current law, taxes would fall for all income groups on average in 2018, increasing overall average after-tax income by 2.2 percent. In general, tax cuts as a percentage of after-tax income would be larger for higher-income groups, with the largest cuts as a share of income going to taxpayers in the 95th to 99th percentiles of the income distribution.

In 2027, the overall tax reduction would be just 0.2 percent of after-tax income. On average, relative to current law, low- and middle-income taxpayers would see little change and taxpayers in the top 1 percent would receive an average tax cut of 0.9 percent of after-tax income.

So it's not the middle class that gains the most, it's the richest who gain the most. And when everyone else's tax stops decreasing, the rich will still get more tax cuts.

And what's even worse, when you look at their tables, the poor will eventually pay more tax, while the rich continue to pay less, with middle class taxes stagnating.

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