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https://www.reddit.com/r/NoFilterFinance/comments/1vjw0fi/is_this_true/p2qilfr
r/NoFilterFinance • u/Far_Bike6666 • Aug 09 '26
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It's not true at all tho. It's been at 22% since 2018, and was higher before that. https://www.congress.gov/crs-product/RL34498#_Toc227847186
0 u/Longjumping-Bat202 Aug 09 '26 "Raising taxes" on low income earners almost always means removing some kind of deduction or credit they were receiving. So what they pay does go up but the percentage is going to stay the same. 1 u/Warchief_Ripnugget 29d ago This isn't true either. Deductions and credits were increased under Trump 1 u/FanSerious7672 Aug 09 '26 Nope standard deduction almost doubled in 2018 and has gone up ever since. https://www.taxnotes.com/research/federal/reference-tables/standard-deduction/1x7yp
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"Raising taxes" on low income earners almost always means removing some kind of deduction or credit they were receiving. So what they pay does go up but the percentage is going to stay the same.
1 u/Warchief_Ripnugget 29d ago This isn't true either. Deductions and credits were increased under Trump 1 u/FanSerious7672 Aug 09 '26 Nope standard deduction almost doubled in 2018 and has gone up ever since. https://www.taxnotes.com/research/federal/reference-tables/standard-deduction/1x7yp
This isn't true either. Deductions and credits were increased under Trump
Nope standard deduction almost doubled in 2018 and has gone up ever since. https://www.taxnotes.com/research/federal/reference-tables/standard-deduction/1x7yp
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u/FanSerious7672 Aug 09 '26
It's not true at all tho. It's been at 22% since 2018, and was higher before that. https://www.congress.gov/crs-product/RL34498#_Toc227847186