From The Wall Street Journal – “…Joint Committee on Taxation are forecasting that the biggest percentage tax reductions in 2018 will go to those making between $20,000 and $50,000 per year. And the Joint Tax forecast admits that tax relief is coming for every income bracket.”
And, from the Internal Revenue Service – “We anticipate issuing the initial withholding guidance (Notice 1036) in January reflecting the new legislation, which would allow taxpayers to begin seeing the benefits of the change as early as February.”
Translated, that means the amount of withholding coming out of your paycheck will go down in February.
The ones who will permanently benefit most are the top 10%, and in 10 years to top 1% will benefit by 107% by 2027. The lower 50% will have their taxes raised.
Fake News! Propaganda from the right! Where are the deficit Hawks now! What happens in 10 years when the personal tax changes stop and the corporate benefits continue. Don’t trickle down my back and tell me it’s raining.
John Wiley Premium Member almost 7 years ago
From The Wall Street Journal – “…Joint Committee on Taxation are forecasting that the biggest percentage tax reductions in 2018 will go to those making between $20,000 and $50,000 per year. And the Joint Tax forecast admits that tax relief is coming for every income bracket.”
And, from the Internal Revenue Service – “We anticipate issuing the initial withholding guidance (Notice 1036) in January reflecting the new legislation, which would allow taxpayers to begin seeing the benefits of the change as early as February.”
Translated, that means the amount of withholding coming out of your paycheck will go down in February.
Masterskrain almost 7 years ago
And the added amount you will have to pay to buy Health Insurance will FAR outweigh the piddly little saving you get on your taxes.
Night-Gaunt49[Bozo is Boffo] almost 7 years ago
The ones who will permanently benefit most are the top 10%, and in 10 years to top 1% will benefit by 107% by 2027. The lower 50% will have their taxes raised.
Ren Rodee almost 7 years ago
Fake News! Propaganda from the right! Where are the deficit Hawks now! What happens in 10 years when the personal tax changes stop and the corporate benefits continue. Don’t trickle down my back and tell me it’s raining.
ROBERT DAWSON almost 7 years ago
Knight you’re fake news liberal BS is becoming very tedious. Maybe you should try cartoons without the propaganda? It can be done, you know.