Thread: GOP TAX PLAN
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Old 12-02-2017, 07:51 AM   #115
Jim in CT
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Join Date: Jul 2008
Posts: 20,428
Wdmso, here are some actual facts. The threshold below which no one pays any tax is almost doubled to 24,000. The standard deduction is doubled. The 15% tax bracket is reduced to a rate of 12%. And the corporate rate is reduced from 35 to 20. Despite what liberals like to claim, most businesses are not owned by the Waltons or the Koch brothers, and most who own businesses are not in the top 1%. I asked Nebe what this would mean to him. You won’t like his answer one bit.
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