Currently in the US there are 7 tax brackets/%: 10,12,22, 24, 32, 35,37.
2025 wants to cut that down to 2 brackets: 15 and 30.
Guess who gets screwed? The poor since the poorest taxes would go from 10 to 15% That's a 50% increase.
Median income in the US is 74k. Majority of Americans would see a 25% tax increase.
But the rich get a nice tax cut.
Vote wisely.
2025 wants to cut that down to 2 brackets: 15 and 30.
Guess who gets screwed? The poor since the poorest taxes would go from 10 to 15% That's a 50% increase.
Median income in the US is 74k. Majority of Americans would see a 25% tax increase.
But the rich get a nice tax cut.
Vote wisely.