Trump is not raising the tax rate on the most wealthy, it is currently at 39.6% for those making over $413k. 15% for those making over a million is a tax rate cut not a hike!!
We now have 10%, 15%, 25%, 28%, 33%, 35% and 39.6% income tax rates. Trump’s proposed 5%, 10%, 15% are lower, ztax is shoveling shite and if he really was for lower tax rates he would be in favor Trump’s rate policies. This guy is disruptor troll...maybe a Paulbot, or Yebbot or Sandersbot...mark my words, he will be found out. ZOT!
As for hedge fund profits, Trump is talking about those who pay almost zero taxes on their whole income because of the asinine tax loophole deductions.
I’m not well versed on all the tax levels, so your presentation provides more than I knew.
It would appear your take on it is right.
My big beef with tiered taxation isn’t that it’s unfair to tax people with little income at a different rate, it’s that they want to take taxes from me to provide and “earned income tax credit” to them.
That’s just outright theft. It’s the Robin Hood act.