The Transylvania Times -

The Tax Cuts

 

April 15, 2019



Now that April 15 has arrived and Americans have filed their taxes, many are understanding firsthand the true impact of the Tax Cuts and Jobs Act enacted in 2017. Some are learning what they were told was far from the truth.

On Oct. 11, 2017, President Donald Trump said, “Our framework ensures that the benefits of tax reform go to the middle class, not the highest earners.”

That statement is partially true. If Americans were divided into five equal groups (quintiles) by income, the middle quintile has received an average cut in federal taxes of $800. The tax cut has gone unnoticed by...



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