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But since the top 20% of taxpayers pay 87% of income tax[1] and the top 1% pay 37%[2], this makes total sense. 1: https://www.wsj.com/articles/top-20-of-americ

• toomuchtodo 7y ago
  But it’s not how it was sold. The absolute number is not the issue, but the optics. I have seen this first hand with Trump supporters (extended family) who are having an unpleasant tax filing season (owing when they have never owed before) and feel lied to. I have delivered the bad news that their tax burden was already so low, how would they expect their tax cut to be generous? Like I said, optics. EDIT: I know how tax refunds and liability work, but I am not the general public.
  • taxlawthrowaway 7y ago
    If you have to pay more or your refund is lower, that's a good thing. That means you paid less money in taxes. The government holding onto your money until the end of the year is not a good thing. You'd be better off saving that money and investing it.
• munk-a 7y ago
  Progressive taxation makes sense, the fact that this tax law did nothing about the cap on the payroll tax should be the ultimate indicator.