Dear President Donald Trump
Understand how workers on a low wage benefit with 2% LIBERTY TAX.
With 2% LIBERTY TAX a worker on an annual wage of
- $US75,000 pays Federal and State (NEW Y0RK) Income Taxes of $US19,161 leaving a take-home-pay of $55,839.
- $US219,000 pays Federal and State (NEW Y0RK) Income Taxes of $US73,682 leaving a take-home-pay of $145,318.
In Australia, the 2% LIBERTY TAX reduced PRICES of goods and services increases by 40% the purchasing power of all existing money e.g. workers take-home-pay. Applying the same 40% to the USA, results in the following benefit for low wage workers.
Worker on $US75,000 has a take-home-pay of $US55,839 plus 40% is $US78,175 or 104.2% of the gross pay of $US75,000.
Worker on $US219,000 has a take-home-pay of $US145,318 plus 40% is $US203,445 or 92.9% of the gross pay of $US219,000
The high taxes of the higher paid worker reduces Prices to benefit workers paid low wages.
The worker on a high wage is likely to have savings etc which will benefit with the 40% increase in purchasing power.
2% LIBERTY TAX is a WIN:WIN for all USA Workers.
Only 2% LIBERTY TAX can Make America Great Again and have Communist China withdraw from the World Stage, to protect itself from its 1.4 Billon People, the CCP is known to fear.
Kind regards
Derek Smith CA