Later On

A blog written for those whose interests more or less match mine.

The Average Household Will Get a Maximum of $28 Per Week From the GOP Tax Plan

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Kevin Drum has a good post on the GOP tax plan. From that post (but read the whole thing):

Here are some statistics about the median household in the United States:

That’s it. The average household doesn’t pay much income tax. It pays payroll taxes. But Republicans aren’t planning to do anything about payroll taxes. They’re focused solely on income taxes, and I doubt they’re planning to start sending big checks to people who owe no income tax at all. On average, this means that the absolute maximum they can provide to “the average person in our country who has not experienced this recovery” is $28 per week.

I’ll be surprised if they do even that much. But at higher incomes I’ll bet they do plenty.

Written by LeisureGuy

7 August 2017 at 1:38 pm

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