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10 most aired political ads, fact-checked
This upbeat ad from the Trump campaign outlines a few of his tax and economic proposals: a 20 percent tax rate deduction for families making under $60,000 a year, paid maternity leave for working moms and the business tax rate cut from 35 percent to 15 percent.
Under Trump, parents could get up at o a $5,000 deduction in their child care costs on their taxes.
Trump’s tax plan would slash the top marginal rate for couples making $60,000 (roughly the middle quintile of income earners) from 15 percent to 12 percent, equal to a 20 percent rate deduction.
But according to the Tax Policy Center, this translates to just a 1.8 percent change in after-tax income, if you factor in Trump’s plans for tax credits, deductions and exemptions.READ MORE