Posted on 12/22/2017 11:50:29 AM PST by PJBankard
Well, isn’t that a twenty percent drop from the current rate?
Why would anybody bring in money if it's taxed at all, nevermind roughly 35%. I'm not a fan of it. There should be a quite short grace period where there's maybe a 2.5% to bring money back in. The economy would be flooded with a few trillion almost overnight.
What, people don’t like the crappy booze plan, the only ones with with the “affordable” premium and a ridiculous deductible that you will most likely never reach, barring a catastrophic incident. Not to worry, chances are you will have few dr. Who accept the plan making it worthless.
INCOME RANGE NEW NEXT
$0 - $19,050 -- 10% -- 10%
$19,050- $77,400 -- 12% -- 10%
$77,400-$156,150 -- 22% -- 22%
$156,150-$165,000 -- 22% -- 22%
$165,000-$237,950 -- 24% -- 22%
$237,950-$315,000 -- 24% -- 22%
$315,000-$400,000 -- 32% -- 32%
$400,000-$424,950 -- 35% -- 32%
$424,950-$480,050 -- 35% -- 32%
$480,050-$600,000 -- 35% -- 32%
$600,001 + -- 37% -- 35%
Current taxation on that money is 35% and goes up from there.
15.5% is lower than most other countries charge on similar ‘re-imported funds’.
Goal: NO brackets - flat tax of 10%-15%.
No government-driven disincentives, do your taxes in five minutes, turn the IRS into a storefront, and skyrocket the economy like never before.
How about four or five NEW Supreme Court Justices, ages 45 or so, so that they can last another 30+ years or so on the bench!!! Now that would be a great New Year’s gift.
“Bummer. It looks like I’m right at the edge to get bumped a bracket.”
According to that table, there’s only one income range where you’ll be paying a higher marginal rate, and that’s the $25k between $400k and $425k.
Worst case scenario you earned $425k and pay an extra 2% on that top $25k, or $500. The good news is that Trump’s tax cut will save you $15k on the first $400k, for a net savings of $14,500!
What’s the bummer, exactly? How can the new brackets possibly hurt you?
“Bummer. It looks like I’m right at the edge to get bumped a bracket.”
According to that table, there’s only one income range where you’ll be paying a higher marginal rate, and that’s the $25k between $400k and $425k.
Worst case scenario you earned $425k and pay an extra 2% on that top $25k, or $500. The good news is that Trump’s tax cut will save you $15k on the first $400k, for a net savings of $14,500!
What’s the bummer, exactly? How can the new brackets possibly hurt you?
ULTIMATELY, yes.
And, I agree.
But, see, then Congress would only have ONE NUMBER to debate about, and EVERYONE in the country would know when they tried to monkey with it, and could easily hold them accountable come election time. so you know The Swamp would fight to the bloody death to prevent that ever happening.
Yes.
In the meantime, God bless President Trump for keeping his word, driving for a tax cut THIS YEAR, somewhat miraculously getting a very modest & relatively small tax cut out of these corrupt politicians.
More needs to come.
In the meantime, Merry Christmas and Hail to the One who is fighting on our part for restoration of our Free Constitutional Republic..
“Amen” to that!
Merry Christmas to you and yours.
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