Event JSON
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"Are You Rich Enough To Benefit From Trump's Tax Breaks? Here's How Much You'd Need To Be Part Of The Top 5%"
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"The article explains that the top 5% of earners in the US, making $450,000 or more, will receive the lion's share of the benefits from extending the 2017 Tax Cuts and Jobs Act (TCJA). High earners in this range could see their after-tax income increase by about 3.2%, while the ultra-rich could see an average tax cut of nearly $280,000. In contrast, middle-income households earning between $65,000 and $116,000 annually may see a modest tax cut of around $1,000, or 1.3% bump in after-tax income. The article also highlights the criticism that Trump's tax policies disproportionately favor the wealthy, leaving middle-income families feeling like an afterthought."
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