Re:The Big Escape: How the Ultra-Wealthy Avoid Paying Taxes ...
by jsilence on Friday September 17, 2021 @04:16PM
(#28570395)
"...the Trump administration claimed that its corporate tax cuts would increase the average household income in the United States by $4,000. But two years later, there is little indication that the tax cut is even beginning to trickle down in the ways its proponents claimed."
https://www.americanprogress.org/issues/economy/news/2019/09...
https://www.rollingstone.com/politics/politics-features/trum...
https://www.salon.com/2020/12/27/50-year-study-of-tax-cuts-o...
https://www.motherjones.com/politics/2020/06/trumps-tax-cuts...
Do you have more info on this? The middle class literally paid less in taxes due to Trump's cuts[1]. The rates were lowered across the board and the standard deduction (negligible to the 1%, a huge chunk of change to the middle class) was increased.
[1] https://www.bloomberg.com/news/articles/2020-10-27/the-trump...