Trump’s code, which he calls the “1-5-10-15 income tax plan,” is a simplistic way to fix our nation’s broken taxation system, without putting the strain on any particular group of people.
Under Trump’s tax plan, those making up to…
$30,000 per year will pay 1 percent in federal income taxes $30,000 to $100,000 will pay 5 percent
$100,000 to $1 million will pay 10 percent
$1 million or above will pay 15 percent
“It’s clear and fair,” wrote Trump on his tax plan. “Best of all, it can be filled out on the back of a postcard and will save Americans big bucks on accountants and massive amounts of time wasted attempting to decipher the tax code.”
Already read it. Did you look up what progressive taxation is? That’s an example of it like I already said.