80% of the tax cut benefits went to the top.
on average the top 1% saved $50,000 in taxes. by comparison, the bottom 80% of america saved an average of $600, which breaks down to ~$12 per weekly paycheck.
fortune 500 companies paid an effective tax rate of 11% on average
this was the first time the upper class paid a lower effective tax rate than the middle class in american history
by comparison, when the U.S. had the strongest middle class in the world, the rich paid a way higher effective tax rate than the middle class, obviously
Amazon, Chevron, FedEx, IBM, General Motors, Netflix, and at least 85 other giant corporations paid zero dollars in taxes.
over half of the tax cuts aimed at "helping small businesses" went to multi million dollar companies. actual small businesses(under $200k) saw less than a quarter of the benefits.
the tax cut ballooned the deficit, giving people like joe biden and paul ryan the justification to cut medicare and social security, which some know was the plan anyways
uh-oh if you were taxed less each check and ended up with a bigger refund, it's not because you were taxed less. that's the opposite of how it works, in general
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