Annachie wrote:
You mean there's more than one broken Presidential promise to close loopholes in the bill?
And you're OK with that?
Specifically, I was refering to the "pass through" loophole, which simply put, allows those earning millions, or even billions, of dollars to pay at a lower tax rate than say a fireman, police officer, soldier, or really any normal working person.
Indeed, the tax plan LOWERS the tax rate they pay.
No I'm not ok with it. As you know I like the flat tax idea.
But in any piece of major legislation there are AWAYS loopholes and it's hard to comment without knowing which one.
It being sold as a way to help small businesses and I'd be OK with it if there was a cap or more precisely a much lower cap. As is this is one of aspects of the bill I dislike.