Most people got a tax cut
I have seen or heard so many people comment that this was a fake tax cut plan, that most people would not actually see any savings. That is a totally false narrative. I took the old tax rules and brackets, the new tax rules and brackets, and ran several scenarios from a single taxpayer to a family of four at various income levels. The middle class does well under the new system and virtually everyone benefits. The losers might be higher income people from the highest tax states. People from Florida should all do very well. My savings will be considerable.
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