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re: Bosh Jarro is not a fan of the tax plan

Posted on 9/28/17 at 10:03 am to
Posted by 50_Tiger
Dallas TX
Member since Jan 2016
40156 posts
Posted on 9/28/17 at 10:03 am to
quote:

flat tax of 17% with a $25,000 deduction for single $50,000 for joint filing.NO OTHER DEDUCTIONS.

a married couple making $100,000 would pay 17% of the remaining $50,000, for an effective rate of 8.5%

a married couple making $70,000 would pay 17% of the remaining $20,000, for an effective rate of 4.86%

a married couple making $200,000 would pay 17% of the remaining $150,000, for an effective rate of 12.8%

income is income, doesn't matter how it is made it is taxed the same



SIGN ME UP


Edit: Can we get rid of FICA too? I am not going to see any of it!
This post was edited on 9/28/17 at 10:08 am
Posted by buckeye_vol
Member since Jul 2014
35242 posts
Posted on 9/28/17 at 10:23 am to
quote:

Edit: Can we get rid of FICA too? I am not going to see any of it!
If we go by what Trump has repeatedly said, then nothing will change in regards to SS/Medicare.
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