PROJECT 2025 WOULD SEEK TO GET RID OF CURRENT TAX RATES AND MOST DEDUCTIONS AND CREDITS, INSTEAD PROPOSING A 15% RATE FOR ANYONE UNDER THE SOCIAL SECURITY WAGE BASE ($168,000 IN 2024) AND 30% FOR TAXPAYERS EARNING MORE THAN THAT; WHICH MEANS THE LOWEST-INCOME TAXPAYERS WILL NOW PAY MORE AND SOME HIGHER EARNERS WILL PAY LESS, AND IT WOULD ALSO LOWER THE CORPORATE INCOME TAX RATE TO 18%.
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