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ProfessorGAC

(76,677 posts)
6. What Families Saved 5 Grand?
Sat Mar 28, 2026, 10:00 AM
Saturday

Tax rates on working people weren't reduced enough to save a family 5 thousand dollars.
The 10%, 12%, 15%, 20%, & 22% are the same as they were before.
The income allowance only went up 2.8%
So, on $150,000 they are paying taxes on about $850 less income.
22% of that is only $188 a year.
And with inflation at 3% (or worse), who saved $5,000?
It's nit only bizarre to bring in the Saudis, but the statement itself is rooted in fantasy.

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