So the highest tax bracket for most people, that's half a million dollars and more. Then we make a new tax bracket. So dollars, 1 million and 1 and 1 million and 2. We bring that rate up to a little bit over 17%. That's all we have to do. And then exchange it drops everybody's property taxes almost at half. That would provide a ton of relief for folks when they need it the most, when everything is more expensive. (13:54–13:57)
CLAIM
Asserts that increasing the tax rate to over 17% for high earners could reduce property taxes.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
