Existing Tax Code: 10% for incomes from $0 - $9K, 15% 9K-$37K, 25% $37K-$89K, 28% $89K-$186K, 33% $186K-$405K, 35% $405K-$407K , 39.6% ^$407K
Proposed Tax Code: 5% for incomes from $0- $16K, 10% $16K-$50K, 15% $50K-$89K, 20% $89K-$180K, 25% $180K-$280K, 30% $280K-$405K, 35% $405K- $1Mil., 40% $1Mil- $5Mil, 42% $5Mil-$10Mil, 44% $10Mil-$20Mil, 46% $20Mil-$30Mil, 48% $30Mil-$50Mil, 50% ^$50Mil.
Why is this important?
Government Lacks revenue for infrastructure, and paying its Bills. Tax the rich like FDR did to bring us out of the Great Depression.
