What Exactly is Donald Trump’s Flat Tax Plan?

Taxes. We all love them, right? Now with a new president, you better bet that our tax plan is going to change. But with all of the controversial issues tossed around in this election season, you might need a bit of a refresher on Trump’s Flat Tax Plan. Here are the main points, and what this means for you.


1. Reduce taxes

Trump wants to reduce taxes for everyone, but especially the working and middle-class Americans, who cannot afford their taxes in the first place.

2. No insane tax rates, even for the rich

In Trump’s tax plan, everyone is a fair player. The wealthy will pay what they must, but no one’s going to be paying exorbitant taxes. His goal here is to keep the spirit of entrepreneurialism and free-market economy in tact. He wants to preserve competition and jobs.

3. America-first

To do this, Trump plans to eliminate “special interest loopholes” and keep the business tax rate down to encourage competition and keep jobs on the home field.

4. Make it easier on families

Trump plans to allow families to deduct the average cost of childcare from their taxes, which would include stay-at-home parents.

For a breakdown on the specifics of Trump’s tax plan, including the tax bracket plan, deductions, and business tax, be sure to check out his policies on his website.

string(1381) "

Taxes. We all love them, right? Now with a new president, you better bet that our tax plan is going to change. But with all of the controversial issues tossed around in this election season, you might need a bit of a refresher on Trump's Flat Tax Plan. Here are the main points, and what this means for you.


1. Reduce taxes

Trump wants to reduce taxes for everyone, but especially the working and middle-class Americans, who cannot afford their taxes in the first place.

2. No insane tax rates, even for the rich

In Trump's tax plan, everyone is a fair player. The wealthy will pay what they must, but no one's going to be paying exorbitant taxes. His goal here is to keep the spirit of entrepreneurialism and free-market economy in tact. He wants to preserve competition and jobs.

3. America-first

To do this, Trump plans to eliminate "special interest loopholes" and keep the business tax rate down to encourage competition and keep jobs on the home field.

4. Make it easier on families

Trump plans to allow families to deduct the average cost of childcare from their taxes, which would include stay-at-home parents.

For a breakdown on the specifics of Trump's tax plan, including the tax bracket plan, deductions, and business tax, be sure to check out his policies on his website.

"

Your 2025 ‘No-Buy’ List 

via TikTok/@ElysiaBerman + Kasjan Farbisz from Pixabay

​​The ugliest thing about credit card debt is that it’s plaguing millions of Americans all across the country. Hang-on, hang-on before you despair — it’s possible to pay off credit card debt by simply avoiding certain purchases that you’d normally give in to without a thought.  The latest social media trend that encourages people to

Best Personal Finance Apps For 2025

Photo Credit: Anthony Evan for Unsplash

This article includes affiliate links. We may earn a commission if you make a purchase, with no extra cost to you. What are your financial goals for the New Year? Personally, I’m working to pay off my debt. From my student loans to creeping credit card debt, it’s tough to wrap my head around how

How Much Is Beyoncé Knowles’ Net Worth In 2025?

Photo Credit: Instagram (Canva)

If you were to ask someone who they think the biggest superstar in the world is, there’s a good chance they’ll answer without a moment’s hesitation, “Beyoncé.” The Queen Bee has been effortlessly dropping record-breaking albums and chart-topping radio singles since her Destiny’s Child days, and she is not slowing down anytime soon.  Considering her

How to Get Out of Your Gym Membership Without Paying a Penalty

Gym Jumping Woman - Image by StockSnap for Pixabay

Trying to cancel your gym membership can be more tiring than actually attending that kickboxing class you keep skipping. Getting out of your gym contract can be so tough that people are going to great lengths to avoid paying any penalties. After going into debt living a lifestyle she couldn’t afford, this woman forged fake

MONEY JOURNAL: A Marketing Specialist Living On $75K A Year In Chicago

Chicago Theatre - Night | Photo by Pixabay

In this month’s Money Journal, Celia is organized and disciplined yet enjoys her life “to the Max” Welcome to Money Journal, a monthly Paypath series that examines how Americans really handle their finances. Our participants keep a journal of their earnings, spending, and savings (if any), then share what it’s like to live in their

Living la Vida Frugal – Spend Less With Frugal Living

Tiny Home Image by Clay Banks_Unsplash

Everyone says the economy’s healthier than ever, but some of us still find it necessary to make that paycheck stretch…and stretch…and stretch. The better we understand our spending habits, the better we can manage them. Living frugally can benefit you in many ways. You’ll grow more self-reliant, creative, and resourceful as you learn to make