What Your Taxes Were Supposed to Build

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This is a receipt. Congress wrote it.

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The Joint Committee on Taxation scored the One Big Beautiful Bill Act (Public Law 119-21). Calendar year 2027: taxpayers making $1 million and up get a $114.0 billion tax cut. Taxpayers under $15,000? Their federal taxes go UP 9.3%. By 2029, up 42.2%. By 2031, up 49.4%.

Short cuts

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This is a receipt. Not mine. Congress wrote it.

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Donald Trump, Republican, signed it the next day.

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But percent of what?

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Their federal taxes go UP. 9.3 percent.

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Now watch the bottom of the table move.

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I'm going to stop joking now.

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