You are correct, I am guilty of making an assumption that since the rate I'mm currently in has gone and I'm closer the next one UP that I probably go UP. Perhaps I'm wrong, I wish he would tell us what the plan actually is. I liked Bush's plan which wasn't complex or required us all to wait to see if we did better. EVERYONE did better. Trump has never made that claim about this plan but who knows? As some have pointed out, nobody because the administration hasn't told us for some reason. I guess we have to pass it to know what's really in it.
In response to this article, we talks about the elimination of a protection against double taxation via a deduction for state and local tax, some here seem to think it's okay if some people - perhaps those richer than them as one here accused me of being - pay higher taxes. They call me full of excrement, call me unpatriotic and a spoiled brat for preferring a plan that isn't complex, a mystery, and potentially an increase. That surprises me. I'll be clear: I do not support tax increases. Period. They are bad for the economy as a whole because they decrease revenue and reduce discretionary spending; and they are bad for us all as individuals. If Freepers think that's wrongheaded than I'm pretty surprised because it used to be universally accepted here.
I'll go ahead and let the rest of you heap abuse on me now.
“I’ll go ahead and let the rest of you heap abuse on me now.”
If it’s anything like his campaign rates the 10% goes to $100,000 for a married couple. That means you would save 5% of of $57,000, then save 15% of $25,000. That’s a pretty good start.
Maybe if you were more forthcoming about your income?????
“since the rate I’mm currently in has gone and I’m closer the next one UP that I probably go”
You’re acting as if your whole income would go to the higher rate, forgetting all the money you would have saved by the time you get there.
I’m pretty sure the tax brackets will stay at least where they are. If he asked for a 25% tax rate BELOW where it is currently, the explosion would blow him out of office.
ANY tax plan will have winners and losers. There is no way of changing anything in taxes without some people benefiting and others losing. I fall just below where the 25% tax brackets kicks in, but would be willing to pay more IF the overall plan was fairer - which to me, means reducing the number of people who pay nothing.
That is politically unacceptable, I guess, but I’d like to see MORE people pay taxes - just less taxes per person. But the many who get thousands in benefits and pay nothing will never allow that to happen. I’d also like to ban withholding. Make people cough up their tax bill every April, and need to squirrel some money away ON THEIR OWN each month, then write a check...and I’d bet people would get a lot more interested in how much money government wastes.
I’d actually like to see a sales tax, with food and clothing exempted. But that will never happen, either. Certainly not as a total replacement of the income tax.