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A lawyer or professional services, the house is specifically excluding you from doing that. neil: that s because they don t like you. i m kidding. dan, another thing i hear, they say it would lower taxes for corporations. the rich do invest. they re going to be beneficiaries at higher taxes. there s no way to quantify that anyway. let s compare apples to apples. here s what the rate will be. that s the simplest way to get and compare tax rates in the past. this shows the opposite of the rich benefitting. that s true. when you say comparing apples to apples, it s not so easy to do that. you have the house plan with four tax brackets, the senate plan with seven. the income ranges are changing. neil: even now. even now. it s hard to figure out what ....
Bonus? in terms of income tax, personal tax. seven brackets now. these are the brackets based on your different income ranges. the president proposes to break it down to three brackets, again, we don t really know what the income ranges would be. which one gets you to 12%? which to 25%, which one to 35%? there are lots of people that pay 39.6%. highest earners go down to 35%. a tax cut for the richest but don t know what ends up here. because personal deductions of eliminated, many middle earners will pay more in taxes. so it s a tax cut for the rich and other things like the amt and estate tax indicating this is a tax cut for the rich not the middle class. estimates suggest by the way, the president s plan. the nonsense about deficit. it will add $2.2 trillion to $2.7 trillion to the deficit, over ten years. add. up arrow. more, bigger. not smaller. not less. ....
The wealthy and well connected. there are provisions in here that help the wealthy and well connected. eliminating the state tax, but these are tax cuts across the board. this is still a blueprint omitting critical details that will be filled in. business, tax cuts. individuals a simpler tax code, everyone tax brackets claptolla down to three. we don t have income ranges but it does cut the top rate to 35%. it also allows lawmakers to go back and add a fourth bracket bu above 35ers. the white house explains that most low income earners won t it won t tax the first 12,000 ....