Trump has posted his tax plan to his Official Website and liberals are biting their tongue. What does that mean for you? That relief is most likely on its way. Take a look at the breakdown of his new plan here, or you can also visit his website.
This man is out to make America great again, and we are PUMPED!
VIA| According to the website, Trump’s vision for his tax plan promises to “reduce taxes across the board — especially for working and middle-income Americans.” The vision also stated that “[n]o one will pay so much that it destroys jobs or undermines our ability to compete.”
Contrary to what the Democrats would have us believe, Trump’s vision is that his plan will “eliminate special interest loopholes, make our business tax rate more competitive to keep jobs in America” and create “new opportunities and revitalize our economy.”
Even more surprising: His plan will “reduce the cost of child care by allowing families to fully deduct the average cost of child care from their taxes … including stay-at-home parents.”
Trump’s plan is outlined below and promises to revise and update both the individual and corporate tax codes as follows:
Individual: Trump’s plan will collapse the current seven tax brackets into three brackets.
Brackets & Rates for Married Joint Filers:
Less than $75,000: 12%
More than $75,000 but less than $225,000: 25%
More than $225,000: 33%
Brackets for single filers are one half of these amounts.