This post is by from Daily Kos
Click here to view on the original site: Original Post
Sarah Huckabee Sanders is mostly known for spewing BS in person from behind the podium of the White House press room, but look! She can do it on Twitter, too:
- Will the GOP tax plan really RAISE taxes on middle-class and upper-middle-class Americans? Given that the initial plan eliminates personal exemptions (replaced by a larger standard deduction), the nonpartisan Tax Policy Center said one-quarter of American taxpayers would pay higher taxes by 2027, including 30 percent with incomes between $50,000 and $150,000 and 60 percent of those making between $150,000 and $300,000. […]
- How much will the wealthy benefit vs. everyone else? Since the GOP proposal,
other things, eliminates the estate tax and lowers taxes for “pass-through” businesses, the same Tax Policy Center says that more than half of the benefits in the first year go to the Top 1 percent of taxpayers, while 30 percent of the benefits will go to the Top 0.1 percent.
Also, there’s a funny thing about averages: if you’re talking about the mean rather than the median—and Sanders is—then one person getting a huge tax cut and another person getting a small tax cut produces a pretty big average. To make it concrete, as tweeter @kept_simple pointed out, “did u know that if charles koch gets a $10,000,000 tax cut and i get nothing, we average a $5,000,000 tax cut.”
So don’t start mentally spending $4,000 just yet—unless you already have the kind of money where you frequently spend $4,000 without giving it much thought.