Penelope
Diamond Member
- Jul 15, 2014
- 60,260
- 15,767
- 2,210
combine that with the tax cut for the elites AKA TrumpCare plan , apparently we do not have a deficit.
Who wants to even pay taxes anymore, I sure don't. If the elites are going to get a double bargain here, they do not need my tax money. There is only so much us middle Americans can take, and this is about it.
The number of individual income tax brackets would shrink from seven to three — 10, 25 and 35 percent — easing the tax burden on most Americans, including the president, although aides did not offer the income ranges for each bracket.
Individual tax rates currently have a ceiling of 39.6 percent and a floor of 10 percent. Most Americans pay taxes somewhere between the two.
The president would eliminate the estate tax and alternative minimum tax, a parallel system that primarily hits wealthier people by effectively limiting the deductions and other benefits available to them — both moves that would richly benefit Mr. Trump. Little is known of Mr. Trump’s tax burden, but one of the small nuggets revealed in the partial release of a 2005 tax return this year was that he paid $31 million under the alternative minimum tax that year.
White House Proposes Slashing Tax Rates, Significantly Aiding Wealthy
Who wants to even pay taxes anymore, I sure don't. If the elites are going to get a double bargain here, they do not need my tax money. There is only so much us middle Americans can take, and this is about it.
The number of individual income tax brackets would shrink from seven to three — 10, 25 and 35 percent — easing the tax burden on most Americans, including the president, although aides did not offer the income ranges for each bracket.
Individual tax rates currently have a ceiling of 39.6 percent and a floor of 10 percent. Most Americans pay taxes somewhere between the two.
The president would eliminate the estate tax and alternative minimum tax, a parallel system that primarily hits wealthier people by effectively limiting the deductions and other benefits available to them — both moves that would richly benefit Mr. Trump. Little is known of Mr. Trump’s tax burden, but one of the small nuggets revealed in the partial release of a 2005 tax return this year was that he paid $31 million under the alternative minimum tax that year.
White House Proposes Slashing Tax Rates, Significantly Aiding Wealthy