The latest are illustrated by two graphs from The Wall Street Journal. The graphs illustrate the impact on us taxpayers—rich and poor—of the recently passed tax cuts in the One Big Beautiful Bill Act.
The first shows in dollar terms the impact of the tax cuts.
Progressive-Democratic Party politicians favor this graph because it emphasizes dollars while ignoring both their importance to the taxpayer relative to his income and it ignores the percentage of income received by each taxpayer and the percentage of the tax burden paid by each taxpayer—which for the rich is a larger percentage than their percentage share of income earned.
The second illustrates the changes in percentage terms, which demonstrate the importance of those dollars to taxpayers’ incomes.
Overall, the tax cuts become more important as income level drops from the wealthiest to the poorest. Those with increasingly lower incomes receive increasingly higher tax reductions relative to their incomes, with the poorest getting the greatest relative reductions. The Evil Rich—the top 20% of income earners—get far smaller relative tax drops, with the Evilest Rich—those heinous top 1% of income earners—getting the smallest relative drop.
And that’s entirely appropriate since they start out with the largest tax burden, one that’s much larger even than their relative share of income. This is a detail that Progressive-Democrats actively ignore in their distortionate descriptions of the bill.