For those asking, married couples making more than about $190,000 a year would get the maximum benefit, a tax cut of about $6,300.
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Just for context here, a single filer making $50,000 would receive a tax cut of $0. A married couple making $100,000 would receive a tax cut of $0. https://twitter.com/damianpaletta/status/1194346448352989184 …
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How can you tell without more details?
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Because the current tax rate for those folks is 12%. So I am assuming they are considering lowering the next highest rate (22%) which does start until about $52k for individuals and $104k for couples.
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That's almost certainly not true. A) A single filer making $50,000 with 2 or fewer children is ineligible for the EITC. If they have 3 children, their EITC is worth $29. B) A single filer without kids making $50,000 is likely to owe about about $4,300 in federal income tax.
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Who the heck is the "middle class" getting the cut then?
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So... what's "middle class" then?
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Boomers *sigh* as someone with a household income close to 100k we don't need a tax cut. We need student loan debt relief
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. Exactly...
#ImpeachTrump
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