There was a little bit of discussion on another thread about the results of the recent tax changes in USA. I decided to compare whether or not the changes were favoring the lower-income class versus the middle class. The family that I inputted into the system was a married couple with four minor dependents, their income was $44000.00 annually and they paid $2100.00 in taxes during the year.
After completing the calculations, this family is getting a refund of $9981.00; the bulk of it are Earned Income Credit $2191.00 and Additional Child Credit $5600.00. I also compared the difference between their previous year taxes and the current ones and using the same figures they are getting an additional $2503.00, or 25% more as a result of the tax changes.
I reaffirm my conclusion that the tax law was designed to favor the lower-income people, that the middle class is the one paying the price and that President Trump is going to pay a political price for it.
If anyone wishes to play around with figures and make comparisons, they can visit this site: