Share on facebook
Share on twitter
Share on linkedin
Share on email

What “Trump Tax Cuts for the Rich?” the Wealthy Paid More Taxes, Not Less

Yesterday’s Hotline reported the surprising news that the richest one percent of Americans now pay a higher share of the income tax burden than ever before.

This new data tells something else surprising: the Trump tax cuts led to the rich paying more not less of the tax burden.

Prior to the Trump tax cut the richest 1% paid roughly 40% of the income taxes. Now they pay more than 45%. This really isn’t all that surprising. The chart also shows that the top 1% paid more of the tax burden after Reagan cut the highest income tax rate from 70% to 28%.

Will these facts stop Joe Biden from whining about the Trump tax cuts “for the rich?” Of course not.

Unleash Prosperity Hotline


1155 15th St NW, Ste 525
Washington, DC 20005