Trump’s tax plan involves collapsing the current seven-tier bracket system into just three brackets; those who make less than $75,000 would pay 12%, Americans with earnings between $75,000-$225,000 would pay 25% and workers with incomes of more than $225,000 would pay 33%. Under these reforms, taxpayers making between $48,652 and $88,148 annually would save between $1,174 and $7,052, according to the Tax Foundation.
The top rate proposed by the new administration (33%) is significantly lower than the maximum rate under President Obama, 43.8%, according to Grover Norquist, Americans for Tax Reform president.
http://www.foxbusiness.com/politics...n-on-promise-to-give-americans-tax-break.html
MAGA!!!!!!
The top rate proposed by the new administration (33%) is significantly lower than the maximum rate under President Obama, 43.8%, according to Grover Norquist, Americans for Tax Reform president.
http://www.foxbusiness.com/politics...n-on-promise-to-give-americans-tax-break.html
MAGA!!!!!!
