Politifact: States’ Pursuit of Top-Heavy Tax Cuts Is Disconnected from Reality
media mentionSteve Wamhoff, the director of federal tax policy at the Institute on Taxation and Economic Policy, said that group includes many retirees or people with disabilities who are collecting Social Security benefits, low-income working families, and people who qualify for tax credits or make less than the standard deduction ($12,550 for single filers in 2021, and $25,100 for couples filing jointly).
These groups are still subject to other taxes, including federal payroll taxes, federal gas taxes, state and local income taxes and property taxes, Wamhoff said. Read more