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Using government data, we were able to calculate how much in taxes the average filer in each IRS income bracket paid annually from 2017 to 2022. >>>>>>TCJA was passed into law in 2017 but didn’t go into effect until 2018.<<<<< By comparing the data from 2017 to later years, we can determine the effect of the tax cuts on individuals and families. The IRS data shows that every income bracket received a tax cut because of the TCJA, but the taxpayers who received the biggest cuts, in terms of percentage saved, went to those who earned less than $75,000. So much for the "billionaire tax cut" narrative. DEMs hate the US worker; DEMs do nothing for working US citizens; They Work for US illegal invaders; For example, the average filer in the IRS’s "$40,000 under $50,000" bracket paid 18.8% less in taxes in 2022 than they did in 2017. SIMILARLY, THE TAX BILL FOR FILERS IN THE "$50,000 UNDER $75,000" BRACKET WAS 16.5% LESS IN 2022 THAN IT WAS IN 2017. Our analysis found from 2018 to 2022, filers earning between $50,000 and $75,000 annually saved an average of $4,516 because of the personal tax cuts contained in the TCJA. For those in the $75,000 to $100,000 bracket, the savings jumped to $5,923. And those earning $100,000 to $200,000 saved an astonishing $9,638 over five years.
