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it's a great time to be rich in America smfh

Shoot, Canada sounds better and better everyday

The richest 1% pay 40% of all income tax in America and only own 15-20% of the wealth. Every tax cut will favor them disproportionately because of this fact. Nothing new. BTW, to be in the top 1%, you only have to make $380,000. Read bi-partisan economic news homie.

Also, I seriously question the claim that the richest 1% pay 40% of all income tax - all of the loopholes in the tax code at that level center around taking a lower income and paying yourself in dividends. That's how Warren Buffet is able to end up paying a lower effective tax rate than his secretary.