Last month, on April 18th to be exact, we all filed our income tax returns.
While we were wrestling with tax forms, the presidential candidates were debating how much each of us should pay. Each has plenty to say on the subject. At the first presidential debate, Hillary Clinton said "the wealthy pay too little and the middle class pays too much.” Bernie Sanders went further, saying "we need a progressive tax system in this country which is based on ability to pay." Donald Trump, now the presumptive Republican nominee, countered by supporting tax cuts: "America will win by cutting the corporate tax rate to 15%."
How does it affect you?
One of these candidates will be our next president. How much you pay in taxes will change (or not) depending on which is elected.
Beyond our individual bank accounts, new tax policy has the potential to shape our economy for better—or for worse.
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