Well, howdy there, Internet people, it's Bell again. So today, we're going to talk about Trump's

tax cuts hurting those making less than $50,000 per year. We're going to go over the effects on

people's effective incomes from the one big beautiful bill, as it's currently written. It's worth noting that some of

this is likely to change now that the Senate has started their process. But there's a decent

chance that these numbers might actually get worse. But that's speculation. What isn't speculation

are the projections ran by Penn Wharton on taxes and spending cuts as written.

So, we'll go over them to answer a question that came in.

Quote, Bell, you've said Trump's one big beautiful bill and the tax cuts would primarily benefit the wealthy.

I've been talking about this with my boyfriend and he said that tax cuts always benefit the rich more because they're based

on percentages. So the wealthy benefit more because of that. Okay, so a lot of people think this,

but there's more to it. The Penn Morton numbers break it down.

What we'll do is start with the rich, go over the change in the after-tax and transfer income by dollar amount and percentage. To keep this short, we'll start with the top income bracket and then drop down to the income

bracket that matches how much they saved. Top bracket, those making $4,325,000 or more. That's the top

0.1%. Well, they gain a little more than $389,000, which equates to about a 3%. So let's look at those

making $389,000 per year. They gain $19,965. That's about a 3.5% gain. So, they saved about 19 grand. What about those making $19,000?

That bracket runs from $17,000 to $51,000. Well, they lose $705, which is a negative 1.5%. What about those making below 17,000?

We're talking about those making just above the poverty line. Well, those lucky people lose $1,035. That's negative 10.8%. The package primarily benefits the wealthy.

Just in case you were wondering, those making more than $51,000 and below $93,000, they gain a whopping $845,000, about 1.1%. So why is this happening? Because the spending

cuts to SNAP and Medicaid hit lower brackets hard. I guess taking away food from a bunch of people

making less than $17,000 allows the government to increase the incomes

of a few people making more than $4 million. Because we all know that's who really needs the help,

right? I'll put the link to the numbers down below so you can see it for yourself. As you're

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