I agree. I am a single older person (really old) and I am above the $20,000 but not $50,000 and if I have to pay 10%, that is a big tax hike for me, triple what I pay now. What does he do about Social Security money - now there is a chart to figure out how much of the SS is taxable as not all of it is (none of it should be since I paid into SS all my working life since age 19). Is the whole amount of SS to be taxed by his plan? I hope he isn't elected and that is not based on his tax plan - give me Cruz.
Incorrect. You’d only have to pay the tax on the amount that puts you into the tax bracket.