Mohacsy's Safe Portfolio Member Forum

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Nick, this research from Pew should help clarify the tax and income problem. Not everyone is doing worse over the 50 years of this data but poorly educated white households are doing much worse. There's a reason Trump is focused on this already angry group, because they want to blame a system that no longer gives as much advantage to them based on skin color.

Education also has a large influence on income. In section 3 of the report you can see that those with only a high school education have almost completely lost 'the American dream'. Working hard no longer pays a dividend, only working smart.

Although the Trump era tax cuts are heavily weighted toward the top 1% of earners there is one piece of this legislation that works well for middle and lower middle class workers and that's the doubling of the standard deduction. That's scheduled to go away next year and the part that provides additional income for those who don't need it will just continue on.

As you can see, the Trump era tax cuts were designed to sunset for working people just as he finished his 8 years as president. Then Republicans could attempt to hang that noose around the neck of Democrats. Fortunately Donnie's plan didn't work out so well. Let's hope his bad luck continues.

Pew Research - Income distribution 1971-2021