MSM lies about the 2018 federal tax reform helping only the rich — 90% are better off. Take the test!
After the first of this year I contacted an old friend at the Tax Foundation, Executive Vice President Joe Henchman, a Californian who I’ve known to be a tax fighter since I first met him at age 16. I suggested that his well-respected nonprofit prepare an online federal income tax calculator.
What was needed — and the Tax Foundation subsequently built — was a website calculator for people to be able to input their own tax return numbers. Then the website would grind out the resulting federal income tax for 2017 AND 2018 — side by side. Of course, 2018 shows the effect of the remarkable federal income tax reform.
The MSM continues to claim that the tax reform doesn’t help “the little guy.” TOTAL BS, but a bogus assertion that is widely accepted by the public as fact. Granted, not EVERYONE benefits. But the OVERWHELMING majority — probably 90% or more — do end up better off in 2018 compared to 2017. The people who get hurt by this reform are the rich who live in batshit-crazy progressive strongholds — which usually have high state income tax rates.
California is the worst with its 13.3% top… Read More