Middle Class Taxes To Not Increase Every 2 Years Under Tax Reform Bill Despite Viral Video Claims

The middle class taxes will not increase every two years under a tax reform bill despite the viral video claims.

Middle Class Taxes Will Not Increase Every Two Years Under Tax Cuts and Jobs Act Despite False Claims on Social Media

The middle class taxes will reportedly not increase every two years under the Tax Cuts and Jobs Act of 2017, which was signed into law last 2017, despite false claims spreading in social media, wherein there are still no tax rate increases directed towards the middle class taxes.

According to a report published in First Coast News, there had been no any announcement from the administration if there would be a tax rate increase allocated for middle class taxes under the tax reform law aiming to cut corporate taxes and middle class taxes, including multinational corporations and businesses.

With the tax reform law, the middle class taxes had deductions in different contributions, including miscellaneous and mortgage interest as the Tax Cuts and Jobs Act aimed to lower the tax rate of eligible single and married filers for the middle class taxes.

READ ALSO: Proposed Increase In Transient Occupancy Tax Killed Following Possible Impacts On Small Businesses And Tourism In Carlsbad

Viral Video in Social Media Falsely Claims Middle Class Taxes Increase Every Two Years Until 2027

The viral video circulating in social media falsely claimed that middle class taxes would be expected to increase every two years from 2021 until 2027, which was immediately denied and reported as a false claim.

However, all the provisions for middle class taxes under the tax reform law are expected to expire in December 2025, which would increase tax rates for most eligible filers, American Progress reported.

READ ALSO: Property Tax Rate To Reduce While Revenues, Prices Increase To Fund Projects Following Continuous Inflation In Gainesville