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Diamond Member
- Jan 12, 2018
- 43,796
- 26,966
You don't get it. When you earn less, you pay less, which means you get back less. Stick to your Crayolas and coloring book.What a BULLSHIT article. The whole premises is that taxes were reduced by a larger percentage of total income for lower and middle class workers - 16% decrease for low income workers, 9% for workers earning more than $500,000.
Tax rate for workers earning $40,000 are 12% or $4,800. If you reduce their taxes by 16%, that's $768 which works out to $68 per month. Tax rate for those making $500,000 is 35% or $175,00. That worker will get a 9% refund or $15,750, or $1312.50 per month.
This bullshit article claims that since lower wage workers received a tax cut which is a larger percentage of taxes they paid, the low wage workers got a bigger tax break than those making in excess of $500,000 and thus received more benefit from Trump's tax breaks. No matter how you slice it, $758 per year is a WHOLE lot less than the $15,750 that the high wage workers received.
This is why we say "Figures never lie, by liars often figure".