Obama Plan Cuts Taxes of Working Class
Posted in Main Blog (All Posts) on July 2nd, 2014 11:08 pm by HL
Obama Plan Cuts Taxes of Working Class
Roberton Williams, TaxVox: President Barack Obama’s 2015 tax plan will translate to cutting taxes for the U.S.’s working class while having the wealthiest Americans pay more, according to new estimates. The poorest 20 percent in households will see their after-tax income increase by 0.7 percent, while the top 20 percent’s income after taxes will decrease by 1.2 percent.