What if America eliminated federal income taxes for anyone under 30 on their first $500,000 of annual income?
Make $100K? Pay $0.
Make $250K? Pay $0.
Make $500K? Pay $0.
Make $600K? Only the $100K above the exemption is taxable.
Imagine the incentive to build, create, invest, and start businesses in America before turning 30.
This could in a major way address the affordability issue.
There would be a sense of urgency to not waste time in your 20’s.
People would get married, have kids & buy their first home.
President
@realDonaldTrump, if the House and Senate put this bill on your desk, would you entertain it?