Persian Vol
Wrong today, wiser tomorrow. Probably.
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I have yet to see how taxes are being cut disproportionately for the wealthy. Wanna show us the math on that?
Sure, let’s do the math.
Let’s take the 2017 Trump tax cuts as an example since they remain the core of the current tax structure. The top 1% of earners got an average tax cut of $50,000–$70,000 per year. The bottom 60% got less than $1,000 on average and many saw only temporary relief. Corporate tax rate dropped from 35% to 21%, and most of that benefited shareholders (i.e. wealthier Americans). The estate tax threshold doubled, helping multi-millionaires pass wealth tax-free.
Meanwhile Medicaid expansion was resisted or rolled back in many red states. New proposals seek Medicaid cuts to fund the deficit created by those tax breaks. And yes, the deficit still ballooned even after those cuts.
So when the wealthy get tens of thousands in annual relief and the working class gets $10/month while losing safety net services (that exceed the value of what they are returning in tax cuts) that’s what people mean by “disproportionate.”