Tax cuts

Let's say I get a tax cut this year. Next year, I won't notice the difference.

Don't you know why? Sure you do!

My 'income' or take home pay will be normal to me.

The only benefit from tax cuts are short term.

Let's say I get a tax cut this year of $1,200. I'll spend it on paying bills and servicing debt. It's 23 dollars a week. The average household that’s carrying credit card debt has a balance of $15,654. That tax cut, if applied to credit card debt of $15,654 at 21% interest, would never pay off the balance. Even at 18% simple annual interest, it never pays off. Even at 12% interest, the debt never pays off.