Current Events > The tax brackets seem to be unfair to the middle class. Thoughts?

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Houston
08/04/20 9:25:21 PM
#1:


Everyone has a lower tax bracket under Trump than Obama (except for people making less than 10k, which was unchanged and people making around 180k-300ish pay 2% more it seems, weird how that worked out). However, under both Trump and Obama, it seems the middle class is taxed unfairly. I can see single people making 200k-500k being in the same tax bracket. They both are considered upper class and both likely live relatively lavishly, providing they aren't saddled with debt and have expensive obligations out of their control.

There's probably more of a difference in the way someone making 40k and 84k live versus people making 200k and 500k live. Would you agree?

2015 tax rates - https://taxfoundation.org/irs-releases-2015-tax-brackets/
2020 tax rates - https://www.bankrate.com/finance/taxes/tax-brackets.aspx


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