This is why the Trump and Republican tax cut scam will fail miserably

[egbertowillies]

Many have been knocking the different evil tenets within the Republican tax cut scam to illustrate how bad the bill is for the American people. Most importantly one must show with Republican policy will hurt all working-class poor and middle-class American whether they are Republican or Democrats.

https://egbertowillies.com/2017/12/06/trump-republican-tax-cut-scam-fail/

[Angry Dragon]

1. I ran some numbers

Single making $40,000 per year for 2017 and 2018

tax bill for 2017 would be $3488
tax bill for 2018 would be $3360
$128

less than $2.50 per week...........such a HUGE windfall


Married couple making $60,000 (medium income). 2017 taxes. $60,000 minus $20,800 equals $39,200. $1905 (10%) plus $3023 (15%) total $4928 for 2017. $60,000 minus $24,000 equals $36,000 times 12% equals $4320 for difference of $608. Better. Less than $11.75 per week. Another huge windfall.

Married With Children. With 7 children because Tom thinks everyone should have 7 children. Making $90,000. $90,000 minus $12,700 equals $77,3000 minus $28,350 equals $48,950. $1905 (10%) plus $4485 (15%) equals $ 6390 2017 tax bill. $90,000 minus $24,000 equals $66,000 times 12% equals $7920 2018 tax bill. Difference of +$1530. Adding in the child tax credit for 2017 would reduce the tax bill to $0. For 2018 the tax bill would be $0. Nothing gained from the new tax cut.