Clementine
Platinum Member
- Dec 18, 2011
- 12,919
- 4,825
- 350
Hillary is licking her chops at the thought of all the wealth redistribution. We are so screwed if she manages to steal the election.
"I compared Hillary Clinton and Donald Trump's tax plan to see how it would effect me as a middle class tax payer. Here's the break down assuming I can get my deductions to bring me down to $75,300 of taxable income.
Say you have an annual salary of $75,300. Hillary puts that salary in a 25% tax bracket (married filing jointly) which translates to paying around $724.00 in fed tax a paycheck, or around $1,448.00 a month, which is $18,825.00 per year in fed taxes.
Donald Trump places that salary in a 10% tax bracket which translates to paying around $290 in fed tax a paycheck. That's around $580 a month or $7,530.00 per year in fed taxes.
Donald Trump's tax plan would put an extra $434.00 a paycheck in my pocket every paycheck. That's about $868.00 a month or $11,284.00 per year in extra money.
If I were to invest that $434 each paycheck into a mutual fund with an average interest rate of %10 I would have....almost 2 million dollars when I retire in 30 years.....
Think about that when you consider who you are going to vote for in November. An extra $870 a month can go an extremely long distance in most people's households."
You can check Clintons tax plan here
http://taxfoundation.org/article/details-and-analysis-hillary-clinton-s-tax-proposals
And Trumps tax plan here
https://www.donaldjtrump.com/positions/tax-reform\l
"I compared Hillary Clinton and Donald Trump's tax plan to see how it would effect me as a middle class tax payer. Here's the break down assuming I can get my deductions to bring me down to $75,300 of taxable income.
Say you have an annual salary of $75,300. Hillary puts that salary in a 25% tax bracket (married filing jointly) which translates to paying around $724.00 in fed tax a paycheck, or around $1,448.00 a month, which is $18,825.00 per year in fed taxes.
Donald Trump places that salary in a 10% tax bracket which translates to paying around $290 in fed tax a paycheck. That's around $580 a month or $7,530.00 per year in fed taxes.
Donald Trump's tax plan would put an extra $434.00 a paycheck in my pocket every paycheck. That's about $868.00 a month or $11,284.00 per year in extra money.
If I were to invest that $434 each paycheck into a mutual fund with an average interest rate of %10 I would have....almost 2 million dollars when I retire in 30 years.....
Think about that when you consider who you are going to vote for in November. An extra $870 a month can go an extremely long distance in most people's households."
You can check Clintons tax plan here
http://taxfoundation.org/article/details-and-analysis-hillary-clinton-s-tax-proposals
And Trumps tax plan here
https://www.donaldjtrump.com/positions/tax-reform\l
