IRS CEO Says 94 Percent of Middle Class Taxpayers Will See Tax Relief Next Year

The chief executive of the Internal Revenue Service (IRS) said during a Tuesday interview that 94 percent of middle-class Americans will see some form of tax relief next year.

“You’re going to look at probably 94 percent-plus of middle-class Americans getting a boost, your tax rates coming down, and getting the benefit going forward,” said IRS CEO Frank Bisignano, who is also the commissioner for the Social Security Administration, during an interview with Fox Business.

He added that Social Security recipients will see “up to a $6,000 benefit as [the Trump administration is] committed to the benefits of Social Security not being taxed,” adding “it will be the biggest refunds that we’ve ever seen.”

“It’s one of the most amazing pieces of tax work ever done. And if you think about it, $1,000 today will be worth $500,000 at age 60,” Bisignano also told Fox News, referring to the Social Security-related tax relief.
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