The old folks would pay a maximum of 10% on interest income and other investments.
And the prices of what they buy now already reflect a corporate tax rate of 39%. Cruz’s plan would halve that.
“And the prices of what they buy now already reflect a corporate tax rate of 39%.”
BS! Name the corp that paid 39%?
The reason the Fairy tax will NEVER pass is it will screw anyone that has money in the bank.