Interesting tax facts

Since the moment President Trump proposed tax relief, we have had the liberal media screaming that it was tax cuts for the rich!
After it passed, members of the communist delegation were trumpeting how the rich got tax breaks and every one else got the shaft.
It is true that the rate for the top tier dropped from 32.5% to 30.2%, but the percentage of taxes, their share of revenue, increased from 19.3% to 19.8%. The largest share of taxes are paid by those folks in the middle, people who make between 100,000 and 500,000. Those two brackets pay over half of the total collected taxes. They are also a huge chunk of the population.
Taxes are a tough horse to manage. Too much taxation stalls business growth, but too little and the government and infrastructure suffer. When the wealthy keep more money, it does not sit in some secret vault collection dust. It sits in the control of a bank who then lends it to other people or other banks. Banks have a limit on how much they can lend which is based on how much is in accounts held by the bank. When Banks have a lot to lend, rates drop so they can get the money out the door. When we experience growth, rates rise as cash on hand becomes limited. If they rise too much, then the demand falls and we get stagnation. It is really quite simple.... Which is why we never seem to master it.