Conservative Presidential candidate Donald Trump is a smart businessman. He works hard, and does whatever he can to pay the minimal amount of taxes to President Barack Obama.
Now, as Trump announced in his book “Time to Get Tough: Making America #1 Again,” we learn Donald Trump’s bold and specific plans to completely restructure America’s tax code. And after the changes are made, every American will end up paying lower taxes.
Called the “1-5-10-15” income tax plan–this will likely form the basis of his presidential campaign. Tax proposals consist of the following:
* Those making up to $30,000 will pay 1 percent.
* Income from $30,000 to $100,000 results in a flat 5 percent.
* $100,000 to $1 million income will be taxed at 10 percent.
* On $1 million or above will be taxed 15 percent.
As WND reported:
In the book, Trump decried the current tax code: “Imagine your paycheck was 40 percent higher than it currently is. What could you do with 40 percent more wealth? How many jobs and opportunities for others could you create?
“The longer you really think about it the madder you will get,” he wrote, “especially when you consider the waste, fraud, and abuse the federal government traffics in as it inflicts its self-defeating policies on hard-working Americans.”
Trump spoke out strongly against the shameful way America’s government spends your and my hard-earned tax dollars, which we all pay every year in April. As Trump noted, “But the other reason is that I hate the way our government spends our taxes. I hate the way they waste our money, trillions and trillions of dollars of waste and abuse. And I hate it.”
The great thing about this plan is everyone’s tax bill, which will be lower, can be filled out on the back of a post card. Just think how many billions of dollars that will save individuals and small business owners in fees to accountants and tax-preparation companies. That’s money saved which can be put to more productive, job-creating things.
Every dollar saved by this reform goes back into the pocket of businesses and workers, who can provide for their families, invest, and spend as they see fit. We can certainly spend our money better than Washington, D.C. can.
Do you support Donald Trump’s plan to overhaul the American tax code? Please leave us a comment (below) and tell us what you think.