Yeah but his tax code is going to ruin the us economy
2. https://www.donaldjtrump.com/positions/tax-reform
- The median US income is around $51,000, most Americans will have the bulk of their taxes levied at the tax rates of the bottom two (0% and 10%)
https://en.wikipedia.org/wiki/Househ..._United_States
- This is a massive drop from where the US currently is and the growth rate would have to be enourmous
- This means that Trump suggests to levy tax rates way past the revenue optimal tax rate (Laffer Curve) and the US is already way past the point in which it can reduce taxes and still gain from it.
http://www.igmchicago.org/igm-econom...irlrss5UC27YXi
- The Tax Foundation finds that Trump's tax plan in specific would cost an estimated $9.5 trillion dollars over 10 years