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Originally Posted by Hoosierb4
My main concern with Trump's plan isn't the fact that the benefits are skewed to benefit those with the highest incomes. It's with the fine print at the bottom of the link where they give the numbers. There it indicates that the cost of the plan would be over $10 trillion over 10 years. That ultimately hurts us all.
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Trump has said in interviews that he's a cost cutter. He has named several programs in which he intends to reduce costs and improve efficiency to more then make up for the $10 trillion.
The other thing that many articles don't mention is that even though our individual taxes may be decreased, over all, there will be more people working and more companies making higher profits so that revenues to the government will increase.
And if couples making under $50,000 per year will pay zero in taxes, how are benefits skewed to those with the highest incomes?
In my opinion it's better then what we have, but still no the way to go. We should transition over to The Fair Tax.
Pass the Fair Tax | FAIRtax.org