The Ugly Numbers Are Finally In On The 2017 Republican Tax Scam

Using official Trump administration data, the report linked below shows how horribly unfair the Trump / Republican 2017 tax scam was.

The first data showing how all Americans are faring under Trump reveal the poor and working classes sinking slightly, the middle class treading water, the upper-middle class growing and the richest, well, luxuriating in rising rivers of greenbacks.

The Trump/Republican tax savings were highly concentrated up the income ladder with hardly any tax savings going to the working poor and only a smidgen to the middle class.  Trump policies overwhelmingly favor the top 7% of Americans.

The number of households making $1 million or more but paying no income taxes soared 41% under the new Trump tax law. Under Obama, there were just 394 such households. With Trump, this grew to 556 households making on average $3.5 million without contributing one cent to our government.

More than half of Americans making less under Trump than Obama.

More than half of Americans had to make ends meet in 2018 on less money than in 2016....

The nearly 87 million taxpayers making less than $50,000 had to get by in 2018 on $307 less per household than in 2016, the year before Trump took office.... 

 The worsened economic situation for more than half of Americans contradicts Trump’s frequent claims that he is the champion of the “forgotten man” and his vow that “every decision” on taxes “will be made to benefit American workers and American families.”

That 57% of American households were better off under Obama contradicts Trump’s often-repeated claim he created the best economy ever until the pandemic

An additional revelation is that under Republican control, our Internal Revenue Service is simply ignoring wealthy tax cheats.  THIS OUGHT TO BE HEADLINES ON EVERY NEWS PROGRAM AND EVERY NEWSPAPER.

In the three years ending in 2016, the IRS identified 879,415 high-income Americans who did not even bother to file. These tax cheats owed an estimated $45.7 billion in taxes, the treasury inspector general for Tax Administration reported May 29, 2020.

Under Trump more than half a million cases of high-income Americans who didn’t file a tax return “will likely not be pursued,” the inspector general wrote.

One of the Koch brothers was under IRS criminal investigation until Trump assumed office and the service abruptly dropped the case. DCReport’s five-part series last year showed, from a thousand pages of documents, that William Ingraham Koch, who lives one door away from Mar-a-Lago, is collecting more than $100 million a year without paying income taxes.

Read more here: https://www.dcreport.org/2020/09/05/the-ugly-numbers-are-finally-in-on-the-2017-trump-tax-rewrite/