https://www.donaldjtrump.com/positions/tax-reform
Sounds like this:
- More Americans are keeping their money. I would rather we keep our money and decide what to do with it, than send it to Washington and have them corrupt it and piss it away.
- Too much fuss going on about the rich having a 25% rate, from the current 39.6%
but in all reality, none of the rich pay 39.6% - they use a team of people and use every loophole and deduction and trick they can. plus, would you rather Washington have 40% of the businessmen's money? Or should the businessmen keep more and use it for more business opportunities, and thus a stronger economy?
- This is such a simple tax plan that anyone can do it by themselves. Families making under $50k/year would pay no taxes. That is a very big chunk of the immigrant and minority communities.
- Small business owners would receive a special rate of 15%, which is half of what it is now.
Sounds like Trump has won the vote of immigrant/minority communities.
Thoughts?
Discuss
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I'd be into it however he does not address how he's going to compensate for the deficit while lowering taxes. I'm not the smartest guy in the room but it is not mathematically possible. [spoiler]i am the smartest guy in the room[/spoiler]