Liberals misunderstand Trump’s tax plan despite it being a net positive for America.
Leftists love to believe that Donald Trump’s tax plan only benefits the rich, but the facts tell a completely different story.
The billionare mogul’s proposal would provide tax relief for middle class Americans by removing income tax on 75 million households, over 50% of the current income tax rolls.
The rest of America would see its tax code simplified into four brackets, 0%, 10%, 20% and 25% respectively. Also, all businesses regardless of size would pay no more than 15% of their income to the government. This could help small business owners who are looking to grow their income tremendously while also bringing big corporations back to the United States.
As of now, major conglomerates that hide money in offshore banks pay ZERO in taxes. Zilch. None. Lowering the corporate tax rate would bring them back.
In practice, Trump’s plan could result in more revenue due to his push for a flat tax rate which would close loopholes and maximize profit.
It’s a win/win for the money makers and the middle class.
Read more about his plan here.