Article of the day: Trump plans to increase taxes on single parents

The photo shows the text "tax increase" in the form of a stamp.

According to Politifact, Trump’s proposed tax plan would result in an tax increase for 51% of single parents.  The plan would reduce childcare deductions, require single parents to file as individuals rather than heads of households, and increase the lowest tax bracket from 10% to 12%.  All of this adds up to higher taxes for economically vulnerable families.

A single parent with an income of $75,000 and two school-age children would see his or her taxes increase by $2,440 or by $1,640 if the family had child care costs that could be deducted under Trump’s plan… Similarly, a single parent making $50,000 and who had three children would face an increase of $1,188.

Author: progressiveactiondaily

We share one action or news item related to progressive social change in the US each day. Stay involved, not overwhelmed!

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s