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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFor some in middle class, Trump plan would mean tax increase
For some in middle class, Trump plan would mean tax increasevchttp://www.cbsnews.com/news/for-some-in-middle-class-trump-plan-would-mean-tax-increase/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+cbsnews%2Ffeed+(CBSNews.com)
"SNIP.............
WASHINGTON President-elect Donald Trumps proposals would modestly cut income taxes for most middle-class Americans. But for nearly 8 million families including a majority of single-parent households the opposite would occur: Theyd pay more.
Most married couples with three or more children would also pay higher taxes, an analysis by the nonpartisan Tax Policy Center found. And while middle-class families as a whole would receive tax cuts of about 2 percent, theyd be dwarfed by the windfalls averaging 13.5 percent for Americas richest 1 percent.
Trumps campaign rhetoric had promoted the benefits of his proposals for middle-income Americans.
The largest tax reductions are for the middle class, said Trumps Contract With the American Voter, released last month.
...............SNIP"
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For some in middle class, Trump plan would mean tax increase (Original Post)
applegrove
Nov 2016
OP
47of74
(18,470 posts)1. More like Contract On The American Voter.
BadGimp
(4,021 posts)2. You're not suggesting Donald would lie to us are you?
[snark off]
napi21
(45,806 posts)3. I have no reason not to believe the Tax Policy Center, but how could they assess his tax policy
when he hasn't really provided any details about it? On everything, he gives a good sounding overview, and that's the end of it, no details so it can't be judged.
Wellstone ruled
(34,661 posts)4. This is the Reagan Tax and
Wealth Transfer part 2. Every one who has a gross income of 50k will see major changes in Tax owed. Retirees and single payers will get hammered the hardest.