Posted on 06/03/2019 5:03:45 PM PDT by frogjerk
The Tax Cuts and Jobs Act (TCJA) that was passed in December 2017 saw the majority of Americans get a tax break. The law was widely criticized as a boon for the wealthy and large businesses which saw their corporate tax rate drop from 35% to 21% last year. According to analysis from the Tax Policy Center, 65% of Americans received a tax cut. Roughly 6% paid more.
(Excerpt) Read more at finance.yahoo.com ...
People having jobs will do that.
tax cuts raised revenue??? Damnnnnn, That sounds like win win.
“The law was widely criticized as a boon for the wealthy and large businesses which saw their corporate tax rate drop from 35% to 21% last year.”
Must be why companies are hiring more employees. I never saw a poor man provide anyone with a job.
Boy....is that a clever headline...
Lotta folks got a raise and a bonus.
...by half.
More workers pay more taxes.
She's a liar.
Her Twitter feed is all "Hate America!!".
Lower taxes always generates more revenue. Ask anyone alive when Reagan was president.
Yahoo = Fake news
I got a nice bonus out of this.
According to the most recent statistics from the IRS, by the beginning of May, individual income tax returns on average were down 1.6% when compared to the year prior.
Interesting how they emphasize "staggering", but then totally downplay the real statistic of 1.6%. Schumer is bitching because fewer refunds means less interest-free loans from workers to money-wasting politicians. Disgusting reporting...
So more tax money came in and yet the Left is still not satisfied on anything.
Lower tax rates encourage regular IRA money to be converted to Roth IRAs.
The ‘Rats are chompin’ at the bit to raise tax rates.
Yahoo = Fake news
Makes it sound like it was really a tax hike... the truth is that it was a revenue growthe engine, like predicted.
AND...less money went out in food stamps and welfare checks, I’d wager
I’d never go Roth. Why pay taxes today on money you might not be taxed on at all later?
It is not about the tax revenues for the dims, it is about economic oppression.
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