Don’t forget seniors, and everyone else, would get $25,000 a year of tax deferred savings and investments.
They’d also get a maximum tax rate of 10% on interest, dividends, and capital gains.
And Cruz’s business tax/VAT rate is 16%. That’s less than half the current 39% corporate tax rate that is already baked into the cake of everything every senior buys.
And Cruz’s business tax/VAT rate is 16%. That’s less than half the current 39% corporate tax rate ....
For now my friend. Adding a new tax is not good. It will START at 16% and only go up from there. Just like income taxes...