The current maximum tax rate on ordinary income is 39.6%. Trump's plan cuts that to 25%.
That's a pretty significant cut for the rich.
you fell for the propaganda.
(lets keep this simple to let me explain this)
Person A is currently making $100,000 and pays a 40% tax, would leave him owing $40,000, but he has $20,000 in deductions, which leaves him owing $20,000.
Person B is also currently making $100,000 and only pays a 25% tax and has no deductions, this leaves him owing $25,000.
Who is paying the most? Person A or Person B
Person B ! Of course.
But Trump is trying to fool everyone into believing that person A is paying the most because he has a higher tax rate.
*news flash*
The tax rate you pay DOESN'T matter. All that matters is how much comes out of your pocket when all the dust clears. If you will pay MORE, then you just got your taxes raised!