What Exactly is Donald Trump's Flat Tax Plan?

Taxes. We all love them, right? Now with a new president, you better bet that our tax plan is going to change. But with all of the controversial issues tossed around in this election season, you might need a bit of a refresher on Trump's Flat Tax Plan. Here are the main points, and what this means for you.

1. Reduce taxes

Trump wants to reduce taxes for everyone, but especially the working and middle-class Americans, who cannot afford their taxes in the first place.

2. No insane tax rates, even for the rich

In Trump's tax plan, everyone is a fair player. The wealthy will pay what they must, but no one's going to be paying exorbitant taxes. His goal here is to keep the spirit of entrepreneurialism and free-market economy in tact. He wants to preserve competition and jobs.

3. America-first

To do this, Trump plans to eliminate "special interest loopholes" and keep the business tax rate down to encourage competition and keep jobs on the home field.

4. Make it easier on families

Trump plans to allow families to deduct the average cost of childcare from their taxes, which would include stay-at-home parents.

For a breakdown on the specifics of Trump's tax plan, including the tax bracket plan, deductions, and business tax, be sure to check out his policies on his website.

PayPath
Follow Us on

Look, I get it. We live in a social media-driven world, where millions of people log into their multiple accounts daily — even hourly! — to promote the illusion of their ideal life. They share snapshots of the highlights of their days: trips to the cafe, lush travels to islands, shopping trips at luxury fashion houses.

Keep readingShow less

Recently, I found the perfect gift for my roommate — a sweatshirt of Rocky and Creed fighting, if you must know or needed last-minute inspo. She’s a fan of the franchise, and as a Philadelphia native, I couldn’t resist. Waiting until Black Friday (guaranteed sale), I logged onto PacSun’s website to be met with the ultimate disappointment: it was the only item not on sale.

Keep readingShow less