10-28-2016, 06:44 PM
As for their tax proposals, Clinton's plan would keep taxes about the same for everyone making $250k or less. For those making over $730k, taxes would be increased by 3.5% with the top 1% seeing an increase of about 7%. The result would be $1.4 trillion increase in federal revenue over 10 years.
Trump promises to give everyone a tax cut -- the more you make, the more you save as compared to the current tax rates, with the average being a 4.1% decrease. The top 1% earners, however, would pay 13.5% less than they currently pay. The result would be a $6.1 trillion decrease in federal revenue over 10 years.
Those numbers are according to the latest tax plan proposals from the candidates. http://www.forbes.com/sites/beltway/2016...4b4016195f
Trump promises to give everyone a tax cut -- the more you make, the more you save as compared to the current tax rates, with the average being a 4.1% decrease. The top 1% earners, however, would pay 13.5% less than they currently pay. The result would be a $6.1 trillion decrease in federal revenue over 10 years.
Those numbers are according to the latest tax plan proposals from the candidates. http://www.forbes.com/sites/beltway/2016...4b4016195f