In 2025: The top 1% will get an average tax cut of $60,000+ The bottom 60% will get an average tax cut of <$500 When I say Trump’s tax law was rigged for the rich, this is what I’m talking about. The GOP doubling down on it tells you exactly who they work for.
@RBReich Give everyone a tax cut, all the way to zero. Abolish the IRS
@RBReich Let's look at what really happened in 2018 (first year of Trump ta changes), not what someone is guessing will happen in 2025!! Let's compare what taxpayers paid before and after the Trump tax cut, in other words 2017 v 2018
@RBReich A real economist would know that the bottom 60% pay next to nothing in income taxes and many receive a check while paying no taxes at all.
Do you really not understand the irony of the math? That $60,000 is equivalent to $600 for us when you compare the income with two extra zeros. 😂 60,000 just looks like a big number and you think it's a big deal. And while you are distracted by this, our country is being invaded, and our Congress and Senate is full of compromised individuals who aren't doing what we want them to do because the deep state has something on them.
@RBReich Thank you for spelling it out. Sometimes people don’t get it until they see the numbers. 💯
@RBReich So why do we still only get to put 6K in an IRA?
@RBReich You can't give tax cuts to people who don't pay taxes. Bottom 50% pay 2.3% of all taxes.. plus they get back way more than they pay in with many cases.