Quote (GLYC123 @ Nov 4 2020 08:33pm)
Right. He said he's cutting out the Trump tax break.
Goodbye 4k per median household. If I remember correctly.
2020 tax break facts
Richest 1% of earners, above 639,000 had the best tax breaks. They averaged approximately 50k in tax cuts
Next tier made up to 639,000 but not less than 300,000. They averaged approximately 11k in tax cuts
Next tier made up to 263,500 but not less than 119,000. They averaged 2.5k in tax cuts
Next tier made up to 119,000 but not less than 69,800. They averaged 1,350 in tax cuts
Next tier made up to 69,800 but not less than 43,500. They averaged 780 in tax cuts