Being the filthy Marxist liars they are, Democrats LOVE to claim that President Donald Trump’s 2017 Tax Cuts (still in effect today) have only benefited the “billionaires” and the “corporations” but this couldn’t be FURTHER from the truth.
According to a study conducted by the Internal Revenue Service (IRS), estimates are that tens of millions of Americans have saved thousands of dollars EACH because of President Trump’s 2017 tax cuts.
IRS Estimates suggest that since the tax cuts were implemented, lower and middle income Americans have actually received the LARGEST tax breaks them.
What they found was that every income bracket received a tax cut, but lower income induvial – working class Americans who earn less than $75,000 annually – received the largest cuts as a percentage of total income.
Filers between $40,000 and $50,000 paid a whopping 18.8% less in taxes than they did before the cuts. Similarly, filers between $50,000 and $75,000 paid 16.5% less.
Those earning between $5 million and $10 million also paid less but only 2.3% less. There goes that bogus billionaire tax cut narrative liberals love to peddle.
As for what these percentages translate to in terms of actual dollars, from 2018 to 2024, individuals in the $50,000 – $75,000 range saved $6,300 and filers in the $75,000 – $100,000 range saved $8,300.
This is not nothing… these are REAL savings for REAL hardworking Americans – not that the Democrats would know anything about that…
Watch the video here to see the numbers which prove the Democrats are lying about this tax cut… of course.
