Trump would raise taxes on 8 million middle income Americans
Taxes would be cut for most middle income Americans but millions would pay more.
Click here for reuse options!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, they’d be dwarfed by the windfalls averaging 13.5 percent for America’s richest 1 percent.
Trump’s campaign rhetoric had promoted the benefits of his proposals for middle-income Americans.
“The largest tax reductions are for the middle class,” said Trump’s “Contract With the American Voter,” released last month.
The tax hikes that would hit single parents and large families would result from Trump’s plan to eliminate the personal exemption and the head-of-household filing status. These features of the tax code have enabled many Americans to reduce their taxable income.
Copyright 2016 Liberaland
9 responses to Trump would raise taxes on 8 million middle income Americans
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oldfart November 30th, 2016 at 10:42
Bring on the Trickle on.
Bend over Trumpanzes and grab your ankles.
America’s going to be great again.
Ned Nutley November 30th, 2016 at 14:53
Once again America will be trickled “on”
anothertoothpick November 30th, 2016 at 11:15
Are there really 8 million people left in the middle class?
Ronnie Raygun would be rolling over in his grave if he knew that
Um Cara November 30th, 2016 at 13:22
Who knows – everyone has their own definition of ‘middle class’ anyway. Didn’t Hillary define it as families making less than 250k? A family making 250 isn’t middle class IMO. Donny would probably define it as anyone not in poverty or a Billionaire.
amersham1046 November 30th, 2016 at 17:55
the new middle class, too rich for food stamps, too poor to buy food
Larry Schmitt November 30th, 2016 at 12:24
Make America Poor Again! Can I get a hat that says that?
Suzanne McFly November 30th, 2016 at 18:06
I heard rump has an order for those hats but he doesn’t want them to run for another six months.
Ned Nutley November 30th, 2016 at 14:53
Seems like half the country has bad amnesia, it
was not even 8 years ago that republicans
brought the American economy and half of the
rest of the world’s economies crashing down
and leaving a big financial mess for Obama to
clean up, with this new administration they
won’t need a full 8 years to do similar.
amersham1046 November 30th, 2016 at 17:54
has to make up for the tax cuts for the 1%ers