Conservative Americans are not in any hurry to raise taxes. As a matter of fact, according to a recent Pew Research Poll, conservatives major concerns were broken down into three major concerns. The third highest major concern among conservatives for the 2020 Presidential election is avoiding tax increases.







The #1 major issue that seems to be of the utmost importance to those on the Conservative side, Illegal Immigration. The key issue of immigration will affect our nation for years to come.



The number two greatest concern for Conservatives for the 2020 Presidental election was Reducing the National Debt. At over $22 trillion dollars and 107% of our GDP, there is no speculation as to why this is such a major concern. However, the poll does not end with just these two.



As most of you have seen recently almost all of the Democratic candidates are in favor of raising your taxes. These tax increases are not small either. Those on the socialist left are supporting up to 90% tax rates. So where do you stand as an American? Feel free to email me, or post on our social media pages!



The Current Tax Rates



Before we being an in-depth look at our it is important to know where we stand with President Trump. Donald J. Trump ushered in new tax rates after being elected. The tax rates which will be given to you on this podcast are the current tax rates without deductions.







The highest income tax rate for American’s right now is 37%. To find yourself in this tax bracket you would have to have an income of $500,000 if single and $600,000 if married in the year of 2018. The lowest tax rate is my favorite tax rate of 10%. To meet the 10% rate you have to have an income of $9,525 if single, and $19,050 if married.



The Opposing Side



There have been those on social media who have complained about not getting the refund they once did. There is a common sense approach to this. One of several of the deductions were capped at a lower level. For example, your property tax deduction in higher states like New York is currently at $10,000.



This is not favorable to those in larger cities and states that drain income from their citizens through high property taxes. This cap kept those of you from states with lower rates from having to pay a higher rate to subsidize those in higher tax cities and states. This cap works for the majority of Americans across our great land.



The other common sense explanation for decreased returns is also because you paid in less. The typical American may have seen a drop in their return but it is due to them paying in fewer taxes. This keeps more money in your pocket. It also frees up cash in the economy to which you can now spend.



Corporation Taxes



The Tax Cuts and Jobs Act (TCJA) reduced the U.S. federal corporate income tax rate from 35 percent to 21 percent. The impact of this tax cut has stimulated the economy, created jobs, and has taken more people off welfare. The evidence is seen in the recent job numbers from March 2019. There were 196,000 jobs added to our already growing economy in March.



America has become more competitive with the world in its tax rate also. At a 35% tax rate companies were fleeing America. Compiled with state taxes and local taxes corporations were seeing a crunch on their bottom line, so they left.