Trump reportedly plans to raise bottom tax rate to offset tax cuts for wealthy

[Johnny2X2X]

7. Not true

$24K, not $34K. $12 K for individuals. So the higher rate is off set by this though. They're getting rid of some deductions too. It could be a wash or a slight gain for low income families.

For lower middle class and middle class it all depends on where the tax brackets fall (which they haven't released yet). If the 12% bracket goes up to $50K this could be really good for working families. If it only goes up to $30K, this could be really bad for working families.

The corporate rate only works if you eliminate almost all of the loopholes and make the theoretical rate close to equal to the actual rate paid.

The rich do not need a stinking tax break. The elimination of the Estate tax is terrible for our Democracy.