Friday, October 27, 2017

OMB: Top 20% pay 95% of taxes, middle class 'single digits' & Cutting Corporate Tax Rate to 20% Projected to Create 587,000 Jobs, Lift Wages and GDP

Via Billy

Any tax cut for middle income earners will also provide a benefit for those further up the income scale, including the top 20 percent who pay 95 percent of all income taxes, according to the director of the Office of Management and Budget.

In explaining the complicated tax system the administration and congressional Republicans are trying to simplify, Mick Mulvaney played the role of professor at Georgetown University Wednesday night and dished the eye-popping numbers and impact of a middle class tax cut.


  1. You know, there are those who even after you point this out to them and or they read for themselves, they will still with a death grip to the mantra of "the rich are not paying their fair share". It is going to happen.