Quote:
Originally Posted by Jim in CT
Not every business is Walmart or Amazon. Tons of small businesses are owned by middle class folks. How does the corporate tax cut not help all of them?
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The problem is that there are dozens of variables. The tax rate for small business drops from 39.6 to 25. Almost 90% of small business pay 25 or less. Enormous tax cuts for the very wealthy, but elimination of deductions for medical expenses, reduction or elimination of deductions for college and grad school. In the end, best case scenario is several hundred dollars on average savings for middle class tax payers, though many see bills increase.
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