r/NoFilterFinance 16h ago

Is this true?

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24.9k Upvotes

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112

u/Great-Gas-6631 16h ago

Yup, i laughed at all the idiots who supported it, and warned them. They didn't listen, too bad their decision fucked everyone and not just themselves.

46

u/Ok-Lion1661 13h ago

Idiots around me claim that it’s illegals causing problems and stealing jobs etc. They are beyond help

22

u/Iceisgestapo888 13h ago

Why not blame the mega corps and asshole managers hiring these people instead….. 

30

u/njgolfer10 12h ago

Bc that’s not who Fox News tells them to hate.

10

u/Iceisgestapo888 12h ago

It should be criminal that it’s called news

9

u/Massive-Virus-4875 12h ago

They got sued a few years back for spreading disinformation. Their lawyers defended Fox by saying that much of their programming is “entertainment” not news.

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u/Paperxrust 6h ago

You literally have no idea if the post is true.

(It's not)

But fOx nEwS!

You're just as gullible as fox viewers

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u/UnderlightIll 11h ago

Because they see themselves as temporarily embarrassed millionaires.

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u/MeanHurry8664 12h ago

Yeah. Just the use of the word "illegals" proves they have fallen for the Goebbels cult propaganda machine

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u/SparksAndSpyro 13h ago

All the idiots around me didn’t vote because they thought Kamala supported genocide or something.

The absolute state of America right now.

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u/Candid-Mycologist539 58m ago

Whenever those who make $700/hr tell those who make $40/hr that the problem are the ones making $7.50/hr, WATCH OUT!

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u/blinkeboy420 13h ago

I had a coworker who was an older guy bitching about his taxes goin up during bidens years and i told him that was trumps tax plan, he didnt believe me because trump wasnt in office. I told him to go read the bill but he never would believe me and im sure voted for drump in 24

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u/blahblah19999 8h ago

My in-laws "I don't need evidence", right there.

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u/LetReasonRing 2h ago

This is my parents.

Any time we talk politics they will say that they "like trump's policies", but not once (except for deporting immigrants) have I ever gotten them to name something that the administration has actually done that they support.

These people have no understanding of what is actually happening, they only pay attention to the rhetoric. If they are told prices are going down by the president, they support the president because he's making prices go down. Then they mutter and complain about the price of fruit and vegetables without ever making the connection.

They believe the narrative even while they are suffering the consequences that reveal that it's a facade.

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u/eggsaladrightnow 12h ago

Republicans have done this for decades, they make bills that show on paper you will get tax breaks but they pay for it by raising taxes during the next administration so they can point and say see what the Democrats have done to your bills?

3

u/Tiny-Lock9652 13h ago

I believe they also exempted tax payers so it appears their paychecks were higher. Only to get screwed with a huge bill on April 15th.

3

u/iddco 7h ago

Not only didn't they listen, but they are currently doing backflips to explain it. Apparently, Biden and the Democrats messed with it to make Trump look bad. Ask how, and you get they just did. Ask why Trump doesn't fix it, and they scream about something else like open borders, Biden inflation, and how Trump is making DC look better than ever. I wish the Trump store would sell a cat-of-nine-tails, and they can all self-flagellate in the privacy of their homes and leave the rest of us alone.

2

u/its-_-my-_-nickname 12h ago

You were talking to people IRL or bots online. Genuine question

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u/Rattiepalooza 11h ago

It also has a lot to do with religion being used as a tool to make policies....that and... it's easier for someone to think for you, than for you to have to think for yourself. ALSO, some people honestly do not know how to think for themselves. They've known one thing and one thing only, because it's all they've experienced.

You have to see something different to do something different. It's why I've started to be kind to these people. They EXPECT someone like me to be violent because of what they see on TV...so I do the opposite. We have to show them that their news is lying to them by doing the opposite of what they claim.

We can do this. Don't give up. People sometimes just need to be shown rather than told, and seeing is believing. Feel pity for them instead of hatred, because they were tricked. They're not smart. It's kind of not their fault because of how the system is set up. It's what the oligarchy wants. They want us to hate each other..and..I won't let them tell me what to do, these evil fuckers!

2

u/_jump_yossarian 10h ago

They still blame Biden though.

2

u/LowResGamr 9h ago

It gets worse, he bragged about giving us all a tax hike during his campaign. And the crowd cheered.

2

u/sebrebc 7h ago

I watched so many Trump supporting co-workers complain every year that their return got smaller and then started owing, all trying to figure it out.

Got into a discussion with a technician about not being able to write off tools any more, he said "Yea but the standard deductible increased." Yea that helped me, dipshit. Not you.

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u/Hexent_Armana 16h ago

It's almost like americans are fkn idiots who care more about their ideologies being validated than their lives being livable. 🤔

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u/BummFoot 4h ago

It’s not even ideology, it’s a team sport for them at this point. They will go with their team no matter what and won’t bother to look at the platform because they are voting team red regardless.

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u/Adorable_Tadpole_726 15h ago

Yes, year over year adjustments in tax rates made it so lower income tax rates went down but changes in deductions meant their overall tax burden went up. It was structured in a way so that the expirations allow Republicans to run on “Democrats want to raise taxes.”

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u/thepoliceguy6769 16h ago

Yes it was true. Gop did it again. Tax breaks for the regular set to end while the rich get there's forever 

37

u/Far_Bike6666 16h ago
  Literally the Big Beautiful (Bullshit) Bill is a continuation! And

MAGA people are so fucking dumb they voted for it again. During Biden’s administration we were seeing a lot of repercussions from the original Tax Cuts and Jobs Act in 2017. It resulted in people with trust funds making more money off interest than working people made for the first time in recorded history.

  And now he did it again!

4

u/MLB_Sug_Tway 16h ago

Are you saying that you know the answer to your question?

3

u/Rock_Strongo 9h ago

It's almost like they posted this as karma bait to circle-jerk over rather wanting a legitimate answer to a question.

That can't be though... no one would do that on reddit...

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u/yogurt_thrower_75 15h ago

No he didn't do it either time. Maybe read the actual bills and learn what the changes were so you can understand the impact.

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u/whynotme7_7 14h ago

Except for he did? The corporate tax decrease in the 2017 bill was forever, the income tax decreases gradually increased.

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u/AnotherDumNinja 14h ago

It is not true in the slightest.

There was no provision in the 2017 Tax Cuts and Jobs Act saying, “everyone making under $75,000 gets a tax increase in 2021 and then every two years.”

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u/FanSerious7672 14h ago

No it isn't. Been at 22% since 2018, and was higher before that. https://www.congress.gov/crs-product/RL34498#_Toc227847186

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u/Poland68 16h ago

Biden dropped insulin prices and pulled countless kids out of poverty… meanwhile, Trump gives ICE $70B and burns another billion daily bombing Iran while our sailors eat reheated chili mac.

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u/OilUnusual8809 12h ago

Biden should have stepped down and given us a proper primary. Fuck him and RBG and the countless other dinosaurs that didn't step down when they should have. I don't care if he was kind and did some cool stuff; in the end, he fucked it up royally.

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u/Fred-Mertz2728 16h ago

You’re not missing it. His cult followers are.

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u/hache-moncour 14h ago

I guess we're missing about 400k a year

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u/Raiju_Blitz 15h ago

Republicans love playing these sleight of hand games with expiring temporary miniscule tax breaks for normies that are actually cleverly disguised permanently generous tax breaks for the ultra rich.

Because the voting electorate have the memories of goldfish and don't remember these scammy/scummy con jobs between each election cycle.

2

u/Praesentius 11h ago

And making the expiration at the beginning of the next presidents term. That way, they can make it look like the incoming president makes regular people pay more taxes. Or point the finger at Democrats when the bill to extend the deal falls through because it's absolutely filled with horrific shit and the Democrats oppose it. "Oh look! They're against tax breaks for the poors!"

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u/Substantial_Car4040 12h ago

Yes. Corporations got a permanent tax cut from 35% to 21%, IIRC. Lower tax brackets got like a 2% tax cut that faded away by the time he would have left office had he served two consecutive terms (2025). See how the Republicans do it? 🤣

3

u/MosquitoBloodBank 15h ago

This was the tax cuts and jobs act. It would have been a permanent fixture but couldn't get a super majority of the votes since no Democrat support.

Since it was a regular bill, it sunset in 10 years after implementing (it's effect goes away). Taxes would go back to what they would have been once the bill sunset which would have been in 2026, but it was extrnded and made permanent the individual tax cuts in 2025.

Democrats tried to spin it as something that only helped the rich in 2016, but then claimed it was designed to tax you more in 2026. Both couldnt be true. They were made permanent despite 0 democratic support.

2

u/beefy1357 14h ago

It always amazes me when democrats fight tax cuts for the poor.

If the democrats had their way you would have paid higher taxes for the last decade, because the democrats refused to vote for it, and since it passed anyway as a budget reconciliation bill that expires in 10 years. They then claim it was the republican plan all along to raise your taxes. I have seen this happen twice in my life now, first the Bush tax cuts (for the rich) that democrats voted against, only to make them permanent under Obama, and now the literal same story under Trump, Biden, Trump.

If the democrats had their way the poor would never have gotten the last 2 tax cuts at all, and would likely be blaming the republicans for the higher taxes. This is what happens when you get your news from twitter and Reddit.

Let’s not forget the percentage of taxes paid by the rich increased under Trump tax cuts for the rich, that’s right the tax cut to allegedly help the rich, increased their percentage of total taxes collected.

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u/Dependent-Mall-1856 13h ago

Woah bro too many facts and not feelings. Be more emotional next time

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u/[deleted] 12h ago

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u/MadAstrid 16h ago

Yes. True.

Everyone went on and on about it, and how horrible it was and harmful to the non super wealthy. Everyone pointed out how voting Republican only made sense if you are a multi, multi millionaire or a racist, and if you were neither you had better get out there and vote against Trump and the Republican Party.

Well, you see what happened.

5

u/Snarkyish-Comment 14h ago

And conservatives made fun of Democrats for acting like the world was gonna end. Lo and behold
they were right about it, again.

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u/Templar_Swamp_Stake 13h ago

Conservative media doesn’t talk about most of the shit he does, it’s just constant pumping him up and villainizing the other side - “The Democrats want to give your money to the illegals” and “The Democrats want to force your grandkids to have a sex change” etc.

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u/AmArschdieRaeuber 13h ago

Who was right?

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u/Snarkyish-Comment 13h ago

Oh, yeah should’ve made that clear, my bad. The Democrats were, because they were talking about how economically crippling this was because they read the thing. While Republicans were going “but the taxes are lower!” and not doing anything but surface level analysis.

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u/Aggravating_Bat3618 13h ago

Republicans is fine if you’re a multimillionaire 

Democrats is fair if all you own is what you wear

-Frank Zappa

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u/xburnerpiko 15h ago

The American middle class does best when a Democrat is in the White House

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u/PlasticArms333 14h ago

Any attempt by Biden to have it killed during his term?

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u/Danmeat 13h ago edited 10h ago

Read the TCJA instead of believing the lies of the DNC. Congress passed a comprehensive tax cut with the doubling of the standard deduction greatly benefiting those in the lower tax brackets who do not itemize.

The DNC would have left the tax rates high if it wasn’t for Trump.

Fck the left and their bullshit lies.

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u/Intelligent_Mood5364 13h ago

Trump doesn't make tax law

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u/TopAfter4764 12h ago

Shit hole country

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u/KnowsIittle 12h ago

It's true. Biden winning and Dump losing was unexpected. They had expected Dems in office in 2027 to take the blame from the uneducated.

2

u/Local_City_8174 12h ago

He cut taxes and all taxes get restored unless there is an agreement to keep them low. He has to get support of Congress…to cut and to maintain.

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u/mattjf22 11h ago

Yes they did do this. Additionally they always make the tax breaks for the wealthy permanent and the crumbs they sometimes give to the working class will have expiration dates.

For instance no tax on tips will expire in december 2028 just in time for a Democrat to be elected president and blamed immediately for that program going away.

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u/gustoreddit51 11h ago

What you're missing is that Republican propaganda and disinformation messaging is a gigantic cohesive well oiled machine feeding legions of gullible fools what it wants them to know so that they vote against their own best interests. This cartoon says it all.

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u/ElenaGreco123 11h ago

No, you’ve got it. People in America are s t u p I d.

2

u/ryuujinusa 11h ago

I mean, they thought trump was gonna make them billionaires, so duh, they’re not mad at him.

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u/AlbertTheHorse 9h ago

I remember how people didn’t think I was telling the truth when I tried to explain it to them back then. 

Fuck MAGA

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u/Specific_Jury_2 9h ago

Not missing anything. Republican voters are the stupidest pieces of shit imaginable.

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u/waydownsouthinoz 9h ago

It’s amazing how powerful racism and bigotry is, politicians can get people to literally sacrifice their own needs for it.

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u/Drainthewompwomp 8h ago

I believe it was a tax cut across the board. So it looked great to people wanting an immediate tax cut, but the tax cuts for most of us were just temporary, while tax cuts for the wealthy are permanent.

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u/HavingNotAttained 7h ago

Thanks Mamdani

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u/Dio44 7h ago

We live in a land of idiots

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u/maggiekate25 7h ago

You forgot to add that he made the tax cuts for billionaires permanent , while he put limits on amount and years no tax on tips and middle class tax cuts expire … he just replaced that revenue with the Tariff’s we had to pay and came out ahead with an overall gain in revenue except, he also knew the Tariffs were illegal and it was his plan all along that when the courts required him to refund the Tariffs , he refunded the corporations , not the people who paid the tax .. It’s insane !

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u/thats_justice_baby 7h ago

At the time people were calling Dems idiots for complaining about "lower taxes". I even explained it all to my friend and he still was like "no man, why would they do that? I think its still supposed to be lower somehow..."

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u/JohnBrownSurvivor 7h ago

It's the racism. You're missing the racism. All the poor people that Trump is screwing don't fucking care because he's screwing people with slightly darker skin more. That's pretty much it.

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u/me123345 6h ago

Republicans still believe in trickle down economics while complaining about prices, wages, and cost of living.

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u/CuckservativeSissy 6h ago

Its true but at least we owned the libs while we did it. Thats all that matters. If we all go broke being taxed into the ground. At least we can say we stuck it to those fucking libs

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u/Biscuits4u2 6h ago

Congress passes bills, not Presidents.

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u/PrometheusMMIV 6h ago

No, this is misinformation. Taxes were lowered across the board in 2017, with middle class getting more cuts than the top brackets. Since then, the tax rates have not increased or changed at all.

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u/DPSOnly 51m ago

And be very aware that the raise would be initiated in 2021, the year that his term would be ending. He wanted to leave the next administration with a turd in a box instead of a welcome gift to start the blame cycle all over again.

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u/CheapElephant5603 16h ago

You missed how fuckin dum(b)p gop voters are

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u/protoanarchist 15h ago

Conservatism is a brain wasting disease.

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u/MechaNutzilla 14h ago

Liberals are also mostly supporting the capitalist class too. Socialism is the only political stance that actually trying to distribute fairly.

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u/LowDefinition8064 16h ago

The president can’t pass bills Congress passes the bills

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u/selfmockerymandatory 16h ago

Let’s rephrase then. What’s wrong with Congress? Are they hiring in a zoo?

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u/FanSerious7672 16h ago

Does not appear to be true. Rate has been 22% since 2018, and was higher before that. Classic reddit https://www.congress.gov/crs-product/RL34498#_Toc227847186

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u/PrivateMarkets 15h ago

Yep. This is why AI is worthless - it scrapes from Reddit.

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u/PenStreet3684 15h ago

In addition to widening the brackets, my standard deduction doubled.

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u/ConsiderationOk8642 16h ago

i remember, and never forgot.

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u/Main_Cauliflower5479 16h ago

Sounds about right. Thankfully I earn more than $75k. Not a lot more, but more.

1

u/Friendly-Parfait-645 15h ago

Yall love tax hikes when they're taking other people's money.

1

u/Tiny-Secretary5562 15h ago

Whatever happened to that famous 47 percent who pay nothing--the ones Mitt Romney got in trouble for mentioning? It's reported that the top earners pay 70 percent of all taxes--income, property, sales, etc.

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u/Disastrous-Swim8912 15h ago

Yup…you’re missing

Faux News

Newsmax

OAN

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u/Brilliant-Pea-3272 15h ago

You are missing something, the truth

1

u/Hot-Increase-8672 15h ago

You read that , or is just in your head

1

u/ultrawolfblue 15h ago

Ddi he just pass a bill to make the tax breaks permanent?

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u/User_3039 15h ago

Exactly

1

u/cyclops_overlooks 15h ago

I'm tired of the flagrant corruption and grifting.

1

u/Rooster1419 15h ago

But yet only one side of the narrative is present and misused. Why is it the left always wants to twist things in the most negative extreme possible.

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u/JellyrollTX 15h ago

You are missing that a sliver over 1/2 of voting Americans are idiots

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u/chronobahn 15h ago

False/Misleading: That Trump passed a bill forcing tax rate hikes on people under $75k every two years through 2027.

True: Most individual tax cuts under the 2017 TCJA were temporary and expire at the end of 2025, while corporate tax cuts were permanent. The use of Chained CPI also permanently slows the inflation adjustment of tax brackets.

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u/Mobirae 15h ago

Sure is. trumps tax plan was in effect for several years. Gave huge breaks to the wealthy and raised taxes for lower and middle class

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u/EarlyBirdWithAWorm 15h ago

Poor republicans love to simp for the rich.

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u/6ixstringlife 15h ago

Everyone would know this if anybody would fn read

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u/Even-Pressure-8356 15h ago

Sorry, I cant follow the numbers. Did you say Biden? FJB LETS GO BRANDON. TREAD ON ME DADDY. TRUE PATRIOTS LOAD THEIR DIAPER WITH LIBRUL TEARS

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u/AutomaticBazooka 15h ago

This has been proven not true for years but somehow sheep in here are saying its true. Hard to believe its real people and not anti trump propaganda bots

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u/partypwny 15h ago

No. Congress during Trump's first term passed a law that reduced the then current taxes which were established under Obama and Bush's administrations. However this reduction in taxes was not permanent, as something like that would have required greater bipartisan votes which weren't there at the time.

Trump during his second term pushed for and passed a law making much/most of those reductions permenant much to the chagrin of Democrats in office who complained that it was irresponsible and cratering the budget (which it sort of is but you can't have your cake and eat it too, you either want lower taxes or you want more money for social programs, infrastructure, military, and/or paying off debt).

This is all readily available data to look up with one Google instead of coming to Reddit...

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u/mcag10 15h ago

There's no source on this. I've worked in tax for 15 years and no one's ever produced it. Your taxes actually go down every year if your income stays the same bc the income bracket ranges are increased annually for inflation.

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u/Schrodinger81 15h ago

I love how lowering taxes becomes raising taxes. Solid Reddit moment.

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u/Artaeos 15h ago

Yeah, a lot of you should start paying more attention to shit.

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u/esterbywest 15h ago

No, this is not true. The claim misrepresents the 2017 Tax Cuts and Jobs Act (TCJA). But you don't care about that as your just here for a big Circle Jerk.

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u/Captain_Quimby 15h ago

Except those people don’t pay taxes much due to the larger deductions

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u/Icy_Blood_9248 15h ago

So you thought the New York real estate guy cares about the poor or anyone making 75k?

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u/Objective_Station_41 15h ago

The president does pass bills take a civics class

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u/VicariousDrow 15h ago

Yup! And when those of us who tried to tell people "actually our taxes are set to go up," we had MAGAt morons jumping at us to argue otherwise and all the "centrists" just refused to listen to "either side cause they're the same thing anyways"....... Now with our warnings being proven exactly correct once again I wonder if everyone is gonna start listening to us instead of giving an ear to the dumbest portions of the country..... The answer is ofc not, cause calling them dumb is "mean" and "makes us just as bad!"

Same fucking cycle, over and over again, ad nauseum.

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u/AccomplishedBase7780 15h ago

Those that benefit the most, pay the least, if anything at all

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u/jws1102 15h ago

Yes it’s true, trumps first tax cut was a tax increase on everyone not making 6 figures. I’ve been telling people that for a decade and no one wants to fucking listen. This is old news, it’s always been out there, and NOW you want to pay attention?

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u/TheRealDeal82 15h ago

This is pretty misleading. The 2017 tax law didn’t say, “people making under $75k will have their taxes raised every two years.” That’s not what happened. The law temporarily changed the individual tax brackets, increased the standard deduction, and changed a bunch of other provisions. Some of those changes were originally set to expire after 2025, which would have meant going back toward the old tax rules — not some special tax hike targeting people making under $75k. And the $75k number in this post is especially misleading because it wasn't some cutoff written into the law saying everyone below that income would get a tax increase. You can absolutely argue that the 2017 tax cuts benefited higher-income people disproportionately. That's a legitimate argument. But saying Trump passed a law specifically designed to raise taxes on people making under $75k every two years just isn't an accurate description of what the law actually did.

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u/MyCleverNewName 15h ago

🎶 dumb-dumb-dumb-dumb-dumb-duuuumb! 🎶

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u/jd10201 15h ago

Idk if it’s true or not…but I do know that in that time frame my taxes went down and my paycheck went up…my refund at the end of the year was less because I was getting it in my weekly pay which was fine with me

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u/[deleted] 15h ago

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u/Impressive10000 15h ago

Yes. This is the GQP tax bill. The tax breaks for the wealthy and corporations were permanent but the tax break for the middle class was temporary. This is how the GQP does things.

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u/MNReddit_Lurker2 15h ago

In 2017 federal income tax rates were 10, 15, 25, and 28% for lower income earners. As of 2018(because it was made permanent now) those same brackets are 10, 12, 22, 24%. Prior to 2018, 70% of americans used the standard deduction. In 2018 the standard deduction almost doubled, and now 90% of americans use it. If in 2017 you filed regular income taxes using the standard deduction, your taxes have gone down. That encompasses the majority of americans

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u/Impressive_Fox_2621 15h ago

That is completely false. Get your facts straight.

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u/Relevant-Diamond2731 15h ago

Trump signed a bunch of stuff in 2017 that was basically a setup for losing the election. If Biden honors it then they can push the narrative of it being his doing and if Trump had been reelected he could rip it up like he does with so many other things and look like he cared about the lower income 

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u/Odd-Fun-6042 15h ago

Total poison pill.

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u/DogWaterYo 15h ago

“WhAt dOeS ThIs HaVe tO Do wItH FiNaNcE” dudes gonna be mad.

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u/Entire-Message-7247 15h ago

Fox is a hell of a drug.

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u/ZealousGoonering 15h ago

I don't like Trump and didn't vote for him. But this is not true and false. A simple good search would tell you that.

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u/Evening_Act_6395 15h ago

thats the conservative strategy in EVERY country, austerity measures and shit policy for the regular people then when they get voted out and the effects show, they blame the other party

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u/Yodas_Ear 15h ago

Fact check false. Trump does not “pass bills”.

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u/Steve12356d1s3d4 15h ago edited 14h ago

This is terrbilly misleading and written to be misleading. The 2017 Tax Cuts and Jobs Act didn’t create automatic tax hikes for people under $75k starting in 2021 or every two years after. What actually happened is much simpler: the bill lowered individual tax rates for almost everyone from 2018–2025, and those cuts were originally scheduled to expire after 2025. That’s a sunset, not a targeted tax increase. There was never a provision saying “people under $75k get tax hikes every two years.” Always worth double‑checking claims like this with a trusted source.

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u/JohnnyCrispZoom 14h ago

Trump is an American tragedy

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u/SupremeLeftist 14h ago

No it not, reddit is not the place to ask these questions. He lowered the taxes by making the standard deduction higher, so you effectively pay less taxes. Again reddit is not the place to ask these questions for honest, non bias answers. Its an echo chamber/bot farm.

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u/Wizemonk 14h ago

You are missing something, they have bought into a manipulated world view and you can't speak logic to an individual idea because their brain is protecting the world view 

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u/Ima_Uzer 14h ago

Notice these people never source this stuff.

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u/Flat-Director-7120 14h ago

Trump a fait passé une loi pour taxer tout ceux qui gagne moins de 75000$ C'est une honte absolue.

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u/Double_Obligation564 14h ago

they’re literally the dumbest animals on earth.

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u/strife189 14h ago

https://giphy.com/gifs/VOd5RQ7q8FNI3IjS5g
And the endless finger pointing goes in circle another day..

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u/SledgehammerApproach 14h ago

One thing you will learn is the government has a spending problem. The smartest thing to do is have a flat rate tax with no carve outs or loopholes. Then the government needs to stop spending money like they are drunken sailors.

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u/hillbillyking 14h ago

Another big win for maga

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u/Healthybear35 14h ago

One thing Trump does to get away with all of his horrible policies is that it's written in the bills to have the bad stuff start after elections/after he's out of office.

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u/Maniacal_Monkey 14h ago

Conversely, democrats unanimously voted against lowering taxes for anyone making less than 72-80,009 in 2025.

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u/htownballa1 14h ago

Yes it’s fucking true.

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u/Ragencobra666 14h ago

I've gotten increases in my check over the past several months.

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u/Redd1tProtectsP3dos 14h ago

Yes we've known this since 2017

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u/idiot-alpha 14h ago

No, it’s fake news.

The 2017 tax cuts were set to expire in 2025 if they weren’t made permanent but democrats were forced to extend them.

When the tax cuts were first being proposed, there were some cherry-picked projections of some people in high income tax states that would see effective rates rise because of the SALT cap. But they were a very small percentage of taxpayers and the SALT cap was mostly eliminated for anyone earning under $500k in 2025.

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u/RoyalNecessary2522 14h ago

A simple google search proves this is not true.

No, that is incorrect. Donald Trump did not pass a bill in 2017 that raised income taxes for people making under $75,000. The legislation passed that year, the Tax Cuts and Jobs Act (TCJA), actually lowered individual income tax rates for most Americans across various income brackets, including low- and middle-income earners.The 2017 Tax Cuts and Jobs ActLowered individual income tax rates for most wage earners.Doubled the standard deduction, which lowered the taxable income amount for millions of families.Benefited lower- and middle-income households with average tax reductions.

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u/Practical-Mud1523 14h ago

Yup, they’re missing something alright. That meme is wrong in so many directions.

Trump’s 2017 tax law did not create automatic tax increases every two years for people making under $75,000, that’s just laughable. Those dates came from tax impact projections, not scheduled tax hikes written into the law.

The law actually lowered individual tax rates, raised the standard deduction, and expanded the child tax credit.

You can debate whether the wealthy benefited more. That is fair for sure. But saying Trump passed a law specifically raising taxes on people under $75,000 in 2021, 2023, 2025, and 2027 is simply false and just stupid to say.

This is what happens when someone turns a tax projection into a Facebook talking point when they have no idea what’s going on or the area between their ears is still for rent.

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u/AnotherDumNinja 14h ago

This is based on a real government analysis, but the post is seriously misleading.

There was no provision in the 2017 Tax Cuts and Jobs Act saying that people making under $75,000 would have their taxes raised in 2021 and then every two years after that. The "every two years" claim comes from a Joint Committee on Taxation table that simply showed estimates for selected years: 2019, 2021, 2023, 2025, and 2027. Those were reporting years, not scheduled tax hikes.

Also, the negative numbers in that analysis are important. A negative percentage means taxes were lower than they would have been under the previous tax law, not that taxes had increased from the prior year.

For example, for people making $50,000 to $75,000:

Year TCJA effect vs. old law Avg. federal tax rate, old law Avg. rate under TCJA
2021 -6.6% 14.7% 13.7%
2023 -4.9% 14.6% 13.9%
2025 -4.4% 14.5% 13.9%
2027 +1.2% 14.5% 14.6%

So in 2021, 2023, and 2025, that income group was still projected to pay less than under the pre-2017 tax code. The tax cut became smaller over time, but that is not the same thing as saying Trump "raised their taxes."

In 2021, the same analysis estimated:

  • $30k-$40k: 4.1% lower federal taxes
  • $40k-$50k: 4.8% lower
  • $50k-$75k: 6.6% lower

Some lower-income groups did show increases in the JCT's broader "federal taxes" calculation, but that measure was not just income tax. It also included refundable credits, payroll taxes, excise taxes, and an allocated share of corporate taxes. One major factor was the repeal of the ACA individual mandate penalty, which JCT expected to reduce enrollment in subsidized ACA plans. Fewer subsidies can show up in this type of distributional table as a higher net federal tax burden even though Congress did not literally raise that person's income-tax rate.

There was a legitimate criticism of the original 2017 law: most of the individual tax provisions were scheduled to expire after 2025, while several corporate provisions were permanent. That is why the original projection showed some lower- and middle-income groups becoming slightly worse off by 2027 compared with the old-law baseline.

But even that 2027 projection is now outdated because Congress changed the law in 2025 and preserved many of the individual TCJA provisions.

So the accurate version is:

The 2017 law gave most middle-income taxpayers a tax cut. Some of those cuts were originally scheduled to shrink or expire later, and one permanent indexing change gradually increases taxes relative to the old indexing system. That is very different from saying Trump passed a law that automatically raises taxes on everyone making under $75,000 every two years.

The meme takes a real JCT table, misunderstands what the negative numbers mean, treats selected reporting years as scheduled tax hikes, and leaves out the fact that the $50k-$75k group was projected to pay substantially less than under the prior tax code through 2025.

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u/Desk46 14h ago

Oh yeah, i remember that

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u/Traditional_Oil_9240 14h ago
  • Top 1% of earners: Paid roughly 38.4% to 40.4% of all federal individual income taxes.
  • Top 5% of earners: Paid about 60% of total federal income tax revenue.
  • Top 50% of earners: Contributed about 97% of all federal income taxes.
  • Bottom 50% of earners: Accounted for roughly 3% of federal individual income taxes
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u/Alert_Reindeer_6574 14h ago

What you are missing is the brainwashing propaganda from Fox News, OAN and Newsmax.

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u/SoylentGrunt 14h ago

"Is this true?" Dead Internet is alive and well on Reddit.

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u/Huey1888 14h ago

Yeah not real happy about that one. Trump really screwed the regular people over on that

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u/ConcentrateJolly5461 14h ago

Imagine falling for a viral tweet because you lack the basic cognitive capacity to read an actual federal tax bill. There is zero provision in the Tax Cuts and Jobs Act that raises taxes every two years for specific lower brackets. The individual rate cuts simply returned to their baseline pre-2017 levels at the start of 2026 for everyone because Congress didn't extend the provisions. Do some basic financial research before you try to post policy commentary.

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u/Bartnellie 14h ago

This is Reddit, we don't post facts here

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u/coalescence2071 14h ago

As long as the stock market is up, 401k is up, people don’t care. Those who suffer don’t have representation and don’t speak up. Only a major market crash can take this system down.

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u/E-rotten 14h ago

Yeah, you’re missing how stupid trump supporters truly are.

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u/KennyPowers2929 14h ago

How about no taxes? Taxation is theft after all…they’re both wrong…

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u/Reasonable-Plate2982 14h ago

A lotta excellent talking points in here about how the wealthy are in as much need for tax relief as the poorest taxpayer. The rich have been woefully undertaxed since the Reagan years. The trickle down effect was a failure if it was meant to strengthen the working class. No one wants to address the K shaped economy. Something that has been forecast for years and poo-pooed by financial 'exoerts'

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u/activeseven 14h ago

I mean, everywhere except Fox News was screaming about it.

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u/imnotcreative635 14h ago

People are stupid.

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u/Darock- 14h ago

Yes, to go in affect after his "second" term...

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u/abuzaba420 14h ago

I love that he was supposed to be "done" by the time we get screwed with that bill but since he lost, all the shit parts of that bill are happening under his watch

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u/Antique-Dragonfly615 14h ago

Well trained howler monkeys

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u/pokethrowaway4 14h ago

The republicans used that to blame democrats on raising taxes. It was actually Trump, but it happened under Biden.

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u/Whole-Scallion-6538 14h ago

Donny can't Grift Billions for his Family by the World Being "Fair."

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u/ExpensiveTie5553 14h ago

I wanna help these retards but the retards just wanna roll in mud for me to walk on as a carpet

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u/undergroundmusic69 13h ago

Yep! The point was when they are out of office taxes go up so then they get to point to things being harder and blaming it on the dems. Tale as old as time!

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u/TrollBait4nerds 13h ago

The socialist will make up lies and bitch about anything. They need and want a boot on their neck and to be told what to think, as it's always been.
You could literally brainwash a liberal with a children's story book.

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u/left2die 13h ago

All Americans are millionaires who are temporarily poor.

Don't worry buddy, you'll eventually get there.

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u/remkelly 13h ago

The meme is bogus. But people suggesting that because the meme is fake the BBB is exonerated are grasping at straws.

We know the BBB has used a variety of mechanisms to make permanent elements of the tax code that disproportionately favor the 1%. That's common knowledge and not controversial.

The meme lies about tax raises. The lower tax-brackets were made permanent in the BBB. Though if wages keep up with inflation we'll all be moving into a new tax-bracket anyway (unless you are a wealthy income earner). Or your income stays the same and you can enjoy your lower tax bracket while living with an affordability crisis. Besides, tax-cuts while ballooning the deficit is clearly very bad, and potentially very dangerous. As you know by now, tariffs aren't gonna pay it, so somethings gotta give.

The meme is relevant to the extent that the elements of the tax-code that the BBB set to expire are the things that benefit regular tax-paying Americans: The increase in standard deduction, no tax of tips, no tax on overtime, the extra deduction for the elderly, the child tax credit boost and the SALT deduction cap increase. All of these are temporary. BBB is a cynical bill, whereby the government throws you a bone, but fully intend to take it away later.

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u/Ill_Collection9107 13h ago

Things that never happened! Clown

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u/seekinggod1986 13h ago

Yup. Yall wanted this turd now you got em. I'm broke either way. Good luck I'll be praying for yall.

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u/DannyDevitosNappy 13h ago

It's simple really. Boomers and the uneducated still believe "Trickle-down Economics" is coming any day now.

They are taking out loans to buy groceries and put gas in their cars, while Trump gold plates the White House and sends their kids to die in the Middle East.

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u/Big-Dudu-77 13h ago

lol, fake news

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u/poppin-n-sailin 13h ago

Not missing anything. The average American is incredibly stupid. 

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u/FunCucumber3671 13h ago

Simply not true. Trump is the greatest of all time and is taking so many steps to save America after Biden then Obama totally destroyed it.

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u/Excellent_Sweet7270 13h ago

yep.... and it seems like the democrats and people at the IRS or anyone else didnt GAF about it...