The New Tax Plan Just Did This To The Middle Class #Tax
The new 2018 American Tax plan did these 3 things (in essence, one small good thing, and not-so-good for 99% of us, and another good all around for that whopping one percenters ie the rich 1% owners) in America: 1. It helps the 99% middle class slightly in the short run (next 1-5 years) 2. It hurts the 99% middle class largely in the long run (next 5-10 years and beyond) 3. It helps the rich and super rich 1% from now through the foreseeable future in HUGE ways How? Well, I was being very polite here. The new tax plan is said by Forbes Magazine to "Scrooge" the middle class in the long run. If you're basically a One-Percenter aka multi-millionaire it only makes you richer. Congratulations. If you're in the 99 percentile of earners, which most of us are, in the long run the new tax plan favors the 1% and will hurt the 99% more than it will help, if you're willing to do the math. Unfortunately, most only focus on the short term rat...