Actually, the Republican tax reform plan does raise taxes on the rich
Americans who earn more than $1 million in taxable income would trigger an extra 6 percent tax on the next $200,000 they earn—a complicated change that effectively creates a new, unannounced tax bracket of 45.6
By Matthew Vadum -- BombThrowers—— Bio and Archives--November 6, 2017
American Politics, News | Comments | Back To Full Article
The GOP’s newly unveiled tax reform legislation would raise taxes on high earners to 45.6 percent, not cap them at 39.6 percent, as its proponents claim, according to an analysis of the proposal by Danny Vinik of Politico.
Republicans’ proposed “Tax Cuts and Jobs Act” would collapse the current seven individual income tax brackets – 10, 15, 25, 28, 33, 35, and 39.6 percent into just four – 12, 25, 35, and 39.6 percent – according to a summary of major details by the Tax Foundation.Welcome to CFP’s Comment Section!
The Comment section of online publications is the new front in the ongoing Cancel Culture Battle.
Big Tech and Big Media are gunning for the Conservative Voice—through their Comment Sections.
Canada Free Press wishes to stay in the fight, and we want our fans, followers, commenters there with us.
We ask only that commenters keep it civil, keep it clean.
Thank You for your patience and for staying aboard the CFP ‘Mother Ship’.
READ OUR Commenting Policy