Something you don’t understand

There are some key points in which you didn’t quite point out. The tax rates have been cut for everyone, not just the wealthy. You need to understand how the wealthy currently file their taxes. They create corporations in which they are paid via employer or their own business and they use those corp’s to pay themselves. Come tax time they show everything as a deduction and that the business didn’t make any money and thus don’t pay any taxes. Trump wants to create a deduction cap. This means when filing taxes, the wealthy that aren’t paying any taxes can now only deduct a certain amount and will have to pay afterwards. The wealthier they are the more they pay. If they want to send money overseas, Trump will tax them an international tax rate. However it’s done, the wealthy are actually paying taxes under his reform. He also doubled the standard deduction. Currently in FL, if you make 100k, you pay 36k in taxes. Under Trump you pay about 16–17k in taxes. Tell me, what would you do with an extra 16k per year?