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General Discussion

Hoyt

(54,770 posts)

1. Tax cuts were ill advised, but not really surprising since top 20% pay roughly 85% of income taxes.

Reply to soothsayer (Original post)

Mon Mar 8, 2021, 01:58 PM

Mar 2021

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The top 20% of households reaped 65% of benefit from Trump's tax cuts. The bottom 20% got 1%. [View all] soothsayer Mar 2021 OP

Tax cuts were ill advised, but not really surprising since top 20% pay roughly 85% of income taxes. Hoyt Mar 2021 #1

I'm not disputing your numbers, but is there a link? panader0 Mar 2021 #3

Well here's from 2017 soothsayer Mar 2021 #4

Probably should have said "top 25%," but here are sources. I know some of these tend GOPer, but Hoyt Mar 2021 #5

Recommended. panader0 Mar 2021 #2

Latest Discussions»General Discussion»The top 20% of households...»Reply #1