5 Fast Facts About How the Tax Cuts and Jobs Act Delivers Tax Relief for All Americans
waysandmeans.house.gov/5-fast-facts-t
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Fact #1: The Tax Cuts and Jobs Act Delivers the Largest Percentage Reductions in Taxes Paid for Low- and Middle-Income Americans
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Fact #2: In 2019 The Tax Cuts and Jobs Act Focuses a Majority of Tax Relief on Families Earning Less than $200,000 waysandmeans.house.gov/5-fast-facts-t
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Fact #3: Faster Economic Growth Lifts Incomes for All and Americans of All Income Groups Benefit from Tax Reform
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Fact #4: The Burden of the Federal Income Tax is Currently Highly Skewed Towards High Earners
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Fact #5: The Idea that Tax Cuts and Jobs Act Creates a Stealthy New 45.6% Tax Bracket for Millionaires is False
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Voters are NOT stupid. If you give $1 tax cut and add $1 debt on their kids, it does NOT energize anyone but #VoodooEconCON. #TaxReform
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1/5 Taxation fairness is critical. The US Constitution demands "equal protection of the laws." The US must have a Flat Tax:
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2/5 Tax Base: all income from all sources; no exemptions, no deductions. Tax Rate: 15%. Tax Expenditures equal Tax Receipts:
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3/5 Tax Expenditures: Defense & Counterintelligence: 2%, Administration of Federal Government: 2%, Social Security: 2%,
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4/5 Tax Expenditures: Medicare (65 and older): 2% , Health Care (64 and younger): 2%, Science: 1%, Technology: 1%,
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