Ugly numbers of Trump’s tax cuts serve a warning for Scott Morrison – Michael West

Trump's tax cuts favour the rich

Overall the share of American income from wages and salaries fell significantly, from almost 71% in 2016 to less than 68% in 2018. There’s one more enlightening and perhaps infuriating detail. The number of households making $1 million or more but paying no income taxes soared 41% under the new Trump tax law. Under Obama, there were just 394 such households. With Trump, this grew to 556 households making on average $3.5 million without contributing one cent to our government. Again, Trump seems to have forgotten all about the Forgotten Man. But he’s busy doing all he can to help the rich, then stick you with their tax bills.

Ugly numbers of Trump’s tax cuts serve a warning for Scott Morrison – Michael West

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