From the radio, they were discussing the 15% income tax cut.
They were saying the 15% is not really 15%, it's just a marketing term to get attention.
They were saying only the lowest income bracket get that 15% tax cut, after all the calculation, those low bracket people pay $20/month less compare to before.
Middle and higher class doesn't get any benefit. So the 15% income tax cut for the people who barely need to pay income tax to begin with.
I am not saying this is a bad thing, because it helps the poorer people by ~$20/month, but the NUMBER 15% is a way to get the biggest attention with the lowest cost. There is no right or wrong here. This is just for your information.
Btw, that's what I heard on the ratio, you can verify it yourself. |