Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Millionaires on average: +$69,660 boost. Those with less than $10,000: +$10 to play with.
Here are the winners and losers of the final version of the Republican tax bill
The final version of the Republican tax bill benefits most American taxpayers, at least until key provisions sunset. Those gains, however, still fall mostly to the wealthy.
That’s the conclusion of a look at the Tax Cuts and Jobs Act by the Tax Policy Center.
<snip>
Millionaires on average will get an extra $69,660 boost. Those with less than $10,000 will get an extra $10 to play with.
The percentage change also skews upward, with the best benefits accruing to the $500,000 to $1 million bracket. The $50,000-to-$75,000 bracket sees a 1.6% benefit.
(chart)
https://asset.wsj.net/dynamic-insets/charts/cdc_f1f98a3839e68ea6074d39f9_embed.html
- Marketwatch
The final version of the Republican tax bill benefits most American taxpayers, at least until key provisions sunset. Those gains, however, still fall mostly to the wealthy.
That’s the conclusion of a look at the Tax Cuts and Jobs Act by the Tax Policy Center.
<snip>
Millionaires on average will get an extra $69,660 boost. Those with less than $10,000 will get an extra $10 to play with.
The percentage change also skews upward, with the best benefits accruing to the $500,000 to $1 million bracket. The $50,000-to-$75,000 bracket sees a 1.6% benefit.
(chart)
https://asset.wsj.net/dynamic-insets/charts/cdc_f1f98a3839e68ea6074d39f9_embed.html
- Marketwatch
Because in politics, just as in sports, there are winners and losers.
