RE: AP says 90% of Workers get Tax Cut
February 3, 2018 at 1:08 pm
(This post was last modified: February 3, 2018 at 1:09 pm by The Grand Nudger.)
I think it's ironic that the "10%", the upper middle class..who actually do create jobs, are the ones that will be seeing a rate hike now and a bigger one in future.
This was broken down last year, with state by state percentages of who, and what income bracket, would see the hike. In my state.
4% of people making 21-37k will see an increase. 7% of people making 37-56k will see an increase. 5% of people making 56-96k will see an increase. Below and above those numbers all will see a decrease, though the decrease for those below amounts to about pennies, and for those above...well, the skies the fuckin limit, lol.
In other states, those who will see an increase largely come from the upper third bracket..and depending on the value of real estate and the rates of state and local taxation, and can be up to a 16% of individuals in that bracket.
The middle class is having their wealth redistributed..marginally, to poor people..but mostly to their wealthier betters. Yay, tax relief!
This was broken down last year, with state by state percentages of who, and what income bracket, would see the hike. In my state.
4% of people making 21-37k will see an increase. 7% of people making 37-56k will see an increase. 5% of people making 56-96k will see an increase. Below and above those numbers all will see a decrease, though the decrease for those below amounts to about pennies, and for those above...well, the skies the fuckin limit, lol.
In other states, those who will see an increase largely come from the upper third bracket..and depending on the value of real estate and the rates of state and local taxation, and can be up to a 16% of individuals in that bracket.
The middle class is having their wealth redistributed..marginally, to poor people..but mostly to their wealthier betters. Yay, tax relief!

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