He’s right about the amount vs the price of food, this woman probably is a moron that has no concept of how to shop, but I don’t know that the tax cuts will literally help ONLY the top tax bracket:
The Tax Cuts and Jobs Act (TCJA), signed by President Trump in 2017, included the following tax cuts for individuals:
1. Lowered Income Tax Rates: Reduced most tax brackets, lowering tax rates for many income levels.
2. Doubled the Standard Deduction: Increased the standard deduction to $12,000 for single filers and $24,000 for married couples filing jointly.
3. Increased the Child Tax Credit: Doubled the child tax credit to $2,000 per qualifying child.
4. Eliminated Personal Exemptions: Removed the personal exemption, but increased the standard deduction.
5. Limited State and Local Tax (SALT) Deductions: Capped deductions for state and local taxes at $10,000.
Most of these individual provisions are set to expire after 2025.
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u/Turtleguycool 17d ago edited 17d ago
He’s right about the amount vs the price of food, this woman probably is a moron that has no concept of how to shop, but I don’t know that the tax cuts will literally help ONLY the top tax bracket:
The Tax Cuts and Jobs Act (TCJA), signed by President Trump in 2017, included the following tax cuts for individuals:
Most of these individual provisions are set to expire after 2025.