Tuesday, April 10, 2018

The Myth of Tax Cuts for the Rich

If you listen to Democrats in Congress and most of the media you'd probably think the recent tax legislation were "tax cuts of the rich". If you used facts instead of rhetoric, you'd know that isn't true.
The tax cuts will result in the highest earning Americans actually shouldering more of the income tax burden than in 2017. If your household earns  $150,000 (which doesn't exactly make you "rich" in most major urban centers), you get the privilege of helping to pay 87% of the country's income taxes. Middle income households in contrast will pay 4%.

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