Saturday, November 26, 2016

Same 'ole, same 'ole Republican oppression.

The Trump Tax and the trillion dollar giveaway to Wall Street.

25 November 2016
By Daily Mail and AP


  • Trump's proposals (click here) would increase income taxes for 8 million families 
  • Would modestly cut taxes by 2 percent for most middle-class Americans
  • But certain families will be hit hard by Trump's plan to eliminate the personal exemption and head-of-household filing status 
  • A middle-class single parent with two children would see their tax bill increase by $2,440 under Trump's plan
  • A married couple with four children would absorb a tax increase of $1,090 because of their loss of personal exemptions

  • During his campaign for the presidency, Donald Trump promised that America's middle class would receive the largest tax reductions. 
  • But the president-elect's proposals would actually increase income taxes for nearly 8 million families, it has since been revealed. 
    While Trump's plan would modestly cut income taxes for most middle-class Americans, millions of families may seen an increase of a thousand dollars or more. 
    Hit the hardest would be single-parent households and married couples with three children or more, according to an analysis by the nonpartisan Tax Policy Center....

  • ...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.... 

  • It is so convenient to believe in trickle down economics.