Trump's 2017 tax cuts helped super-rich pay lower rate than bottom 50 percent: Economists

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The Tax Cuts and Jobs Act sharpened the decline in a tax rate paid by America's 400 wealthiest families, a new analysis shows.

as federal tax receipts disappointed—and the wealthiest cashed in.

Moreover, the falling corporate tax rate did not filter down into the pockets of workers. The CRS found that"profits…grew faster than wages" and that"ordinary workers had very little growth in wage rates."that the poorest would see the lowest proportional benefit and the richest would benefit more than anyone else.

 

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You could confiscate all the wealth held by billionaires (even non us citizens) and America would still have nearly $200 trillion in unfounded liabilities. What if people need to stop demanding free shit?

“MAGA”

STOP POSTING THESE DISGUSTING IMAGES

Probably because the bottom 50 percent didn't pay ANY income tax. Geniuses..... 🙄🙄🙄

Someone get this message to the numbskull Rand Paul, who ignorantly said that people who make less than $50,000 don’t pay taxes. My small Social Security check pays income tax. And it is decidedly under$50,000. How can senators be so blatantly dumb? Sad, sad, sad

My taxes are lower and I’m not super rich? Go figure.

EatTheRich

I don’t care about other ppl money. But it helps me to get new car, go on vacation and fix my house. I am happy.

surprise surprise

republican on tv last week said people making less than $50000 don't pay taxes. just another out of touch with reality politician

And his cult (base) is stupid enough to think not supporting this is socialism.

Of course that's who donate to support his Hate Racism misogyny WhiteSupremist it is for sure not the 99% it is the WhitePrivilege just look at his rallies who R there not people of color, unless he has paid a token person a ton of money to stand behind him, then they ghost

DebraMessing GreatAwakening

What a surprise!

Fake news

Most of the tRump rally goers were duped by this fraud POTUS that they cheer for. When they finally wake up, a strong majority will want traitor tRump the scam artist removed.

That’s funny because EVERY other economic report including the Wall Street Journal says otherwise. Middle class wages are up, etc. How many more times are you gonna feed this garbage to people that this tax cut benefitted only the rich?

Someone please inform the dumb as dirt RandPaul ! Good thing MeghanMcCain was off the day he was on TheView . Outrageous fibber. But ananavarro set him back: “DontMansplain to me!”

DebraMessing Trump is Scum

WandaSgro There’s your tax cuts America. The richer pay less....and trump pays ZERO.

We want all the money back that the super rich received in tax cuts. End of discussion.

DebraMessing Yeah we all figured this out last year. Anyone with an AA in accounting and a good understanding of economics from HS figured this out.

Duh. Exactly what the economists said the cuts would do. 😒

csites73 That's because the rich spend money that trickles down to the rest of us. If that is hard to undunderstand, let me explain. If you are a dog owner, you know how it waits under the table hoping you will drop something on the floor? That's the tax plan! Floor, crumbs, underneath.

That neck tho...

EatTheRich

Why would anyone be surprised?

That was the point. He succeeded.

Deplorable

Congrats Middle America...

Helped me greatly but I’m just a poor working man. It got me a bonus and a raise that’s something I never got under awful Obama!

JuddApatow

I have a vagina on my 3rd chin!

Another undermined ACT!

JuddApatow Plus $1 trillion deficit...

Duh.

JuddApatow We all knew it was a tax cut for the corporations and the rich. Anyone who still believes it was for people making 35,000- 75,000 is a fool.

JuddApatow The sheeple won’t notice

The oligarchy approves this message.

JuddApatow this is what it was all about. a huge loan cosigned by the people with no use other than to enrich the already rich. with low capital gains tax, the windfall that comes from investing this extra money is a safer bet than 'job creation'. such a terrible con.

JuddApatow Can anyone confirm that's outs the new tax law that's the reason why we can't get a childcare credit for 2018 because my husband's style employed and works from home? I imagine govt revenue (aka taxes) he generates would be much lower if he was also taking care of a toddler?

There it is. Screwing his supporters.

No really anybody shocked by this

Are there any Trump supporters on here defending him? Any billionaires fucking around on Twitter to defend him? Bueller?

And we are surprised? This was not a tax cut for America it was income transfer to the rich.

Which was the whole point.

They own him. People like Schwartzman has this Dog on a leash. Fat Donny Chumped out on Carried Interest because Schwartzman pulled on his leash and said sit Boy. Read Bloomberg Bus Week this week on Pvt Equity

Yeah, I had to pay $500 more than previous year. This sis some horse shit!

And this is news?

He aso one of the benefitors....con man

How much did they pay?

Trump's legacy ... Rich guys like himself get richer ... Poor get poorer

WHAT IS THE DOLLAR VALUE FakeNewsMedia Such lies and misleading SOCIALIST Rhetoric!!

Good. I plan to be super rich someday. Liars.

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