permafrost wrote:
Oh Linda,, how can you say that,, You do not seem to know what a law is.. You think Paying off a few peoples college bills is a crime and that the attempt by the fat orange criminal to overturn our country government is not a crime.. such foolishness..
I think I will take the IRS data as opposed to your personal beliefs.
IRS Data: Middle Class Americans Saw Significant Tax Reduction from Trump Tax CutsAs the data notes, Americans with incomes between $50,000 and $100,000 saw a substantial decline in their tax liability:
* Americans with adjusted gross income (AGI) between $50,000 and $74,999 saw a 15.2 percent reduction in average tax liabilities between 2017 and 2019. Â
* Americans with AGI of between $75,000 and $99,999 saw a 15.6 percent reduction in average federal tax liability between 2017 and 2019.Â
Middle-class Americans in key states were delivered significant tax cuts:
* Floridians with AGI between $50,000 and $74,999 saw a 19.6% reduction. Floridians with AGI between $75,000 and $99,999 saw a 17.2% reduction.Â
* New Yorkers with AGI between $50,000 and $74,999 saw a 18.9% reduction. New Yorkers with AGI between $75,000 and $99,999 saw a 12.4% reduction.Â
* Californians with AGI between $50,000 and $74,999 saw a 18.4% reduction. Californians with AGI between $75,000 and $99,999 saw a 14% reduction.Â
*
The TCJA also caused millions of Americans to see an increased child tax credit, and millions more qualified for this tax cut for the first time. The TCJA expanded the child tax credit from $1,000 to $2,000 and raised the income thresholds so millions of families could take the credit.