Quote:A bit confused what is the exact tax rate for middle & upper class?

 

Four tax brackets instead of seven: Right now there are seven federal income tax brackets. Trump wants to get it down to four. The first would be a zero-percent rate for the households described above. Individuals making $25,001 to $50,000 (or couples making $50,001 to $100,000) would pay 10 percent in federal income taxes and keep most of their current exemptions and deductions. Those making $50,001 to $150,000 (or couples making $100,001 to $300,000) would pay 20 percent and keep more than half of their current deductions. The highest tax bracket would be 25 percent and apply to those making more than $150,001 per year, along with couples making more than $300,001. Those in the highest tax bracket would see most of their deductions disappear.

 

 

Quote:You typed it all out and don't understand that group A pays 25% and group B pays 0% you are penalizing group A for making more than group B.


It's still a progressive production tax it's just dressed pretty.

 

Bro, I would love a fair tax. But lets think reasonably here. You will never, ever get non-progressive tax reform to pass through congress. It just wont happen. You will never convince the majority of the house and senate that the wealthy should pay the same income rate as your average American (in this case, nothing. Also why the flat tax would never pass.). You will also never convince them to abolish the corporate tax. It just wont happen. So you work with what you have, and that is a progressive tax.

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