Secure Da Bag
Veteran
For those of you who are tax-growth (ie: lower tax = more growth) people, I'd like to hear from you. Help me understand how this works. Or at least how this is supposed to work. Because being on the more liberal side, I'd like to have Universal Basic Income, Universal Healthcare, and Very cheap college (still debating whether college should be free). Which means that taxes would have to either be raised or a lot of credits, deductions, loopholes, and breaks will have to be closed or outright removed. So I'd like to hear the other side on this, so at least I can be better informed.
SIDENOTE:
I would have liked the Republicans to pass the individual tax rates as,
00%: $0 - 10000
05%: 10001 - 42000
10%: 42001 - 60000
15%: 60001 - 100000
20%: 100001 - 250000
25%: 250001 - 450000
30%: 450001 - 1000000
35%: 1000001 -
And Corporate Tax Rate as 25%
And they both be permanent. I believe that would be an actual tax cut for all individuals. I'd also expect more loopholes, breaks, and deductions either closed or removed.
SIDENOTE:
I would have liked the Republicans to pass the individual tax rates as,
00%: $0 - 10000
05%: 10001 - 42000
10%: 42001 - 60000
15%: 60001 - 100000
20%: 100001 - 250000
25%: 250001 - 450000
30%: 450001 - 1000000
35%: 1000001 -
And Corporate Tax Rate as 25%
And they both be permanent. I believe that would be an actual tax cut for all individuals. I'd also expect more loopholes, breaks, and deductions either closed or removed.