If 5 million Americans each got a $1,000 bonus as a result of the Republican tax cuts…
- At a tax rate of 15%, it adds $750 million in tax revenue for the gov’t. this year
If just 20 million Americans kept an extra $200 in their pay each month…
- At a tax rate of 15%, it adds $7.2 billion in tax revenue for the gov’t. next year
Now, consider the purchases made by those who get the bonuses, and the additional buying power of those who get a fatter paycheck. Think of the businesses affected, that have to replenish product, make new product, expand their services to accommodate.
The jobs created to meet those demands, the new tax revenue flowing into the federal government from those jobs, expanded businesses profits, all adding to the revenue.
That’s why the Democrats don’t want you to know the success of tax-cuts…
…and why FakeNews will continue their silence over improved economic conditions.