This plan with its sudden very large bracket increases is a plan that really sucks beyond description. I mean come ON!
If you make $24,999.99 then you pay no taxes, but if you make 25K then you pay $2,500.00
Anyone who thinks that is progress is just not looking at this thing intelligently. This plan would be a disaster.
No you don’t pay any taxes on the first $25,000 you would then pay 10% on anything over $25,000.