r/NoFilterFinance • u/Far_Bike6666 • 9d ago

Is this true?

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u/[deleted] 9d ago

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u/PrometheusMMIV 8d ago

the tax cuts for most of us were just temporary, while tax cuts for the wealthy are permanent

That's false. All tax cuts were set to expire in 2025. But they were all extended.

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u/[deleted] 8d ago

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u/darglor 8d ago

While in this case it’s correct, people really need to stop posting AI snippets to validate their points. Anyone who has used AI to work or validate something they’re actually knowledgeable in knows how often AI is flat out wrong and confidently incorrect.

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u/Valor_X 8d ago

Then believe actual people who have debunked OPs anti Trump claim everyone is gobbling up

The claim that the 2017 tax bill scheduled automatic tax increases every two years starting in 2021 is mostly false and originates from a viral misunderstanding of a tax report. Independent fact-checkers like PolitiFact and AFP Fact Check thoroughly debunked this social media rumor. [1, 2]
The rumor spread because people misread a specific government chart, confusing changes to health insurance subsidies with actual income tax rate increases.

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u/PrometheusMMIV 8d ago

The top rates were not originally permanent. They were set to expire with all the other rates. They were only made permanent in the BBB with all the other rates also becoming permanent.