Project 2025's tax rates low & middle-class households would lik

Avalon - Project 2025's tax rates low & middle-class households would likely face significantly higher taxes under the Project 2025's plan A middle-class family with two children and an annual income of $100,000 would pay $2,600 in additional federal income tax if they faced a 15% flat tax on their income due to the loss of the 10% and 12% tax brackets. If the Child Tax Credit were also eliminated, they would pay an additional $6,600 compared with today's tax system, By comparison, a married couple with two children and earnings of $5 million would enjoy a $325,000 tax cut. Wow!