Aridas
Crazy Little Green Dragon
Tax Proposals:
Harris: 44% tax rate for top 1% earners
Trump: 37% tax rate for top 1% earners
Harris: 28% corporate tax rate (increase of 7%)
Trump: 20% corporate tax rate (decrease of 1%)
Harris: 25% minimum tax rate for richest households (ensures
richest pay at least 25% in taxes)
Trump: NO minimum rate (enables little to no taxes paid due to loopholes
by the richest)
This is why the rich vote for Trump. As billionaire Leona Helmsley once said, "We don't pay taxes. Only the little people pay taxes."
Going a bit further to focus on the people other than the top 1% - only the top 10% would likely benefit from the Project 2025's tax reform proposals. The other 90% of Americans would end up with less after tax income after the changes, before other factors come into play, with significant gains by the wealthiest and significant losses to those with the least.
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