Find Out Who Wins And Who Loses Under Trump’s Tax Plan
Donald Trump has run his campaign for president on grand statements and promises to “Make America Great Again”. His critics have attacked him for a lack of specifics on his plans and policies. Trump has recently promised to unveil more specifics on the changes he would make to get this country moving in the right direction again. He has made good on his promise.
At the Trump tower in New York on Monday morning, Trump unveiled his tax plan. According to CNN, the people that stand to benefit the most from Trump’s tax plan are the poorest and the richest. People who make less that $25,000 ($50,000 if married) would pay no income taxes.
On the other end of the spectrum, the people that make over $150,000 (over $300,000 if married) would pay an income tax rate of 25%.
Individuals who make $50,000 ($100,000 if married) would be taxed at a rate of 10%.
“It will provide major tax relief for middle income and for most other Americans. There will be a major tax reduction. It’ll simplify the tax code, it’ll grow the American economy at a level that it hasn’t seen for decades,” Trump said about his tax plan.
Does Trump’s tax plan sound like a good plan to you? Which candidate’s plan makes the most sense for our country?