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Update on Trump's Income Tax plan...

Posted on: January 24, 2017 at 12:12:11 CT
SuperTone MU
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I can't remember if it has always been 3 tiers but I thought it was 4 tiers at one point.

$0-75k = 12%
$75K - 225 = 25%
$225+ = 33%

Standard deduction = $12k/yr

http://www.foxbusiness.com/politics/2017/01/23/trump-doubles-down-on-promise-to-give-americans-tax-break.html
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Update on Trump's Income Tax plan... - SuperTone MU - 1/24 12:12:11
     wait - o'lineydisciple MU - 1/24 14:15:55
     So raising taxes on the bottom two classes - catbirdseat MU - 1/24 13:45:53
     Beats the hell out of what we got. I love it.(nm) - GA Tiger MU - 1/24 13:02:34
     Needs a couple more brackets. $1 million + - Hbombtiger STL - 1/24 12:50:17
          RE: Needs a couple more brackets. $1 million + - MOCO SON MU - 1/24 13:29:56
          lol you want to take half of someone's income?(nm) - Ragnar Danneskjold MU - 1/24 13:24:51
               No, he wants more than that. state taxes, sales taxes, etc.. - RHAYWORTH MU - 1/24 13:29:52
          That is so stupid. Why do we want to raise our children in - GODZILLA MU - 1/24 13:15:20
          that's insane (nm) - Sal KC - 1/24 13:08:59
          Immoral (nm) - pickle MU - 1/24 12:53:42
          why?(nm) - hefeweizen MU - 1/24 12:52:35
     Ridiculous (nm) - pickle MU - 1/24 12:32:12
          wrong board.(nm) - SuperTone MU - 1/24 12:33:02
     ooh, that's enough insentive to increase my deductions a - dangertim MU - 1/24 12:13:55
          if they get rid of all the loopholes, it sounds like a great - SuperTone MU - 1/24 12:17:28
               loopholes or deductions?(nm) - hefeweizen MU - 1/24 12:17:53
                    Same thing. (nm) - Sarazen MU - 1/24 12:26:23
                         depends on who you ask of course(nm) - hefeweizen MU - 1/24 12:26:41
                    With a flat tax you can eliminate both.(nm) - DHighlander KC - 1/24 12:19:16
                         Um, no. Because with a flat tax, you still have to discern - ummmm MU - 1/24 13:19:10
                         Is that what this is? 3 flat tax rates?(nm) - hefeweizen MU - 1/24 12:22:59
                              I don't think so. I haven't seen trump eliminating - SuperTone MU - 1/24 12:33:27
                                   But it would be if he gets rid of those loopholes you - hefeweizen MU - 1/24 12:34:45
                                        I think the loopholes are associated with the games - SuperTone MU - 1/24 12:44:27
                                             loopholes=deductions(nm) - hefeweizen MU - 1/24 12:45:30
                                                  He has not said anything about going after deductions. - SuperTone MU - 1/24 12:46:32
                                                       If they are then I will see a major tax increase(nm) - hefeweizen MU - 1/24 12:47:36
                                                            You have quite the deductions to break the $30k mark.(nm) - SuperTone MU - 1/24 12:48:19
                                                                 since he is a negotiator, the final wont be that(nm) - hefeweizen MU - 1/24 12:50:03
                                                                      oh, OK. So assuming things again.(nm) - SuperTone MU - 1/24 12:51:18
                                                                           you have to at this point. I dont blame you though(nm) - hefeweizen MU - 1/24 12:52:16
                              if true, never mind on my deductions(nm) - dangertim MU - 1/24 12:26:04
                                   standard joint deduction would be $30k+ - SuperTone MU - 1/24 12:40:03
                                   and my taxes are going up bigly(nm) - hefeweizen MU - 1/24 12:26:24
                                        same(nm) - dangertim MU - 1/24 12:27:13
                                             good luck to Donny on selling a yuge middle class - hefeweizen MU - 1/24 12:28:49
                                                  It would be a 2% reduction in taxes owed for me(nm) - SuperTone MU - 1/24 12:42:45
                                                       If my current deductions are eliminated, looks like - hefeweizen MU - 1/24 12:45:11
                                                            I doubt they all are - FootballRefugee MU - 1/24 13:25:48
                                                            yeaaaaaaaaaaaah - TheShoe STL - 1/24 12:53:07
                                                            My deductions would increase by $10k+ with this plan.(nm) - SuperTone MU - 1/24 12:47:04
                                                  he won't need to. - FootballRefugee MU - 1/24 12:37:57




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