Like you said, the highest tax rate, currently 39.6, will go down to 25%.
The corporate tax rate will be lowered from 35%....the highest in the world....to 15%.
The capital gains rate will be lower.
The federal estate tax will be eliminated.
The “wealthy”.....the successful business people....will be paying less tax.
The economy will benefit nicely.
I dont know enough to evaluate his offsets. Anyone know if they are the real deal and will make this budget revenue neutral.
Which means he would have to cut government to cut the deficit, though rising growth rate would bring more money in.
Since the top 10% of earners pay 68% of all federal income tax, how does Trump get his plan to be revenue neutral if the rich all pay less and the bottom 50% pay nothing? Who makes up the difference? I think your statement is incorrect. Under the Trump plan, the rich would pay a lower top marginal rate, but would have to pay tax on a much larger percentage of their income due to the loss of deductions. So they would wind up paying more in taxes -i.e., a tax increase.
Oh! OH! B-b-b-but it’s not Ted Cruz saying it - so none of this stuff matters! Have you not figured that out yet?
If it is not Ted, then it must be some eeeeevil liberal plant, pretending to be conservative.
Don’t you just enjoy watching the SNOBS’ heads explode each time “non-specific” Trump comes out with a kick-ass position paper that blows all his competition out of the water before they even know what hit ‘em?