Detailed text transcripts for TV channel - MSNBC - 20171012:19:34:00
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 ta...