Everyone’s first $30,000 earned is tax-free.
Most people will pay less or the same as now.
Only the ultra-wealthy (people who earn over 1 million annually) and big corporations pay more. For example, billionaires and huge corporations often pay less in taxes than working families today, that’s not fair.
Under the H.E.A.L. Act, we go back to fair, historic tax rates like in the 1950s and 1960s, when the economy grew the fastest in U.S. history.
Important Note:
Taxes are gradual, not all at once.
You don’t jump into a new bracket for your whole income.
Only the dollars above each line get taxed at the higher rate.
Example:
If you earn $40,000 a year:
The first $30,000 is tax-free.
Only the next $10,000 is taxed at 10%.
So your total tax is just $1,000, not 10% of the full $40,000.
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