RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: What the Clinton and Trump Tax Plans Would Mean For You Wed Aug 03, 2016 4:43 am | |
| How much you'd pay, no matter how much you make.
Republican presidential candidate Donald Trump and his Democratic opponent Hilary Clinton—who will get the official nod from her party this week—offer Americans a stark choice in 2016, especially when it comes to taxes.
You may already have a general sense of how they differ: Trump’s plan calls for a fairly radical simplification of the tax code that would create four brackets—0%, 10% 20%, and 25%—and give just about everyone a dramatic tax cut; Clinton’s relatively modest plan, meanwhile, would leave income tax rates unchanged for all but the wealthiest Americans, who could see effective rates climb by as much as five percentage points, according to the Tax Policy Center.
But it’s not as easy to tell exactly how the thicket of new rates and rules would actually affect you.
http://time.com/money/4405149/clinton-and-trump-tax-plans-cost-by-income-level/ |
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