A family earning $100,000 would pay ZERO on the first $50,000 and only 10% on the next $50,000. That's $5,000 in taxes, not $20,000.
Here is the rate schedule. Try it again.
A family earning $100,000 would pay ZERO on the first $50,000 and only 10% on the next $50,000. That's $5,000 in taxes, not $20,000.
Here is the rate schedule. Try it again.
use 1 million if it makes you feel any better.
The point is still the same.
The RATE doesn't matter, all that matters is if more or less comes out of your pocket in the end.
If millions would be paying nothing, that means that still paying will be paying more. The fact that he has lowered their rate is irrelevant, he will be taking away deductions they currently enjoy and in the end will end up paying more.
It's a scam.
And dont fall for Trumps “Hedge fund guy” rhetoric, that's just the newest way of saying “the rich should pay more” which democrats always say.
OH!
And also dont fall for Trumps BS about people earning less than $50,000 paying no taxes. That is meant to FOOL people. Because everyone imagines that no taxes means no taxes, when what it REALLY means is no INCOME taxes. Everyone will still pay Social Security and Medicare Taxes.
But again this is all purposely stated this way to fool the low information voter.