Trump's tax plan: 1) no income taxes < 25k/50k(1+1), 2) all businesses taxed no more than 15% on income (no higher income tax rates), 3) 10% repatriation fee for inverted corporations, 4) end of corporate loopholes, 5) no death tax, 6) no > than 25%
109 2017-02-08 by 911bodysnatchers322
Where's the conspiracy??
The conspiracy here is illusion versus reality. All these crazy people in california are railing against Trump thinking he's a draconian monster when in fact this may be a better deal than even Bernie Sanders could have mustered.
Has Sanders come out to say nice things about Trump over this deal? HELL NO. Disgusting. Not the politics but the hypocrisy. I'm done with it.
Trump
TAX REFORM THAT WILL MAKE AMERICA GREAT AGAIN
The Goals Of Donald J. Trump’s Tax Plan
Too few Americans are working, too many jobs have been shipped overseas, and too many middle class families cannot make ends meet. This tax plan directly meets these challenges with four simple goals:
- Tax relief for middle class Americans: In order to achieve the American dream, let people keep more money in their pockets and increase after-tax wages.
- Simplify the tax code to reduce the headaches Americans face in preparing their taxes and let everyone keep more of their money.
- Grow the American economy by discouraging corporate inversions, adding a huge number of new jobs, and making America globally competitive again.
- Doesn’t add to our debt and deficit, which are already too large.
The Trump Tax Plan Achieves These Goals
- If you are single and earn less than $25,000, or married and jointly earn less than $50,000, you will not owe any income tax. That removes nearly 75 million households – over 50% – from the income tax rolls. They get a new one page form to send the IRS saying, “I win,” those who would otherwise owe income taxes will save an average of nearly $1,000 each.
- All other Americans will get a simpler tax code with four brackets – 0%, 10%, 20% and 25% – instead of the current seven. This new tax code eliminates the marriage penalty and the Alternative Minimum Tax (AMT) while providing the lowest tax rate since before World War II.
- No business of any size, from a Fortune 500 to a mom and pop shop to a freelancer living job to job, will pay more than 15% of their business income in taxes. This lower rate makes corporate inversions unnecessary by making America’s tax rate one of the best in the world.
- No family will have to pay the death tax. You earned and saved that money for your family, not the government. You paid taxes on it when you earned it.
The Trump Tax Plan Is Revenue Neutral
The Trump tax cuts are fully paid for by:
1.Reducing or eliminating most deductions and loopholes available to the very rich. 2. A one-time deemed repatriation of corporate cash held overseas at a significantly discounted 10% tax rate, followed by an end to the deferral of taxes on corporate income earned abroad. 3. Reducing or eliminating corporate loopholes that cater to special interests, as well as deductions made unnecessary or redundant by the new lower tax rate on corporations and business income. We will also phase in a reasonable cap on the deductibility of business interest expenses.
DETAILS OF DONALD J. TRUMP’S TAX PLAN
America needs a bold, simple and achievable plan based on conservative economic principles. This plan does that with needed tax relief for all Americans, especially the working poor and middle class, pro-growth tax reform for all sizes of businesses, and fiscally responsible steps to ensure this plan does not add to our enormous debt and deficit.
This plan simplifies the tax code by taking nearly 50% of current filers off the income tax rolls entirely and reducing the number of tax brackets from seven to four for everyone else. This plan also reduces or eliminates loopholes used by the very rich and special interests made unnecessary or redundant by the new lower tax rates on individuals and companies.
The Trump Tax Plan: A Simpler Tax Code For All Americans
When the income tax was first introduced, just one percent of Americans had to pay it. It was never intended as a tax most Americans would pay. The Trump plan eliminates the income tax for over 73 million households. 42 million households that currently file complex forms to determine they don’t owe any income taxes will now file a one page form saving them time, stress, uncertainty and an average of $110 in preparation costs. Over 31 million households get the same simplification and keep on average nearly $1,000 of their hard-earned money.
For those Americans who will still pay the income tax, the tax rates will go from the current seven brackets to four simpler, fairer brackets that eliminate the marriage penalty and the AMT while providing the lowest tax rate since before World War II:
[Table]
With this huge reduction in rates, many of the current exemptions and deductions will become unnecessary or redundant. Those within the 10% bracket will keep all or most of their current deductions. Those within the 20% bracket will keep more than half of their current deductions.Those within the 25% bracket will keep fewer deductions. Charitable giving and mortgage interest deductions will remain unchanged for all taxpayers.
Simplifying the tax code and cutting every American’s taxes will boost consumer spending, encourage savings and investment, and maximize economic growth.
Business Tax Reform To Encourage Jobs And Spur Economic Growth
Too many companies – from great American brands to innovative startups – are leaving America, either directly or through corporate inversions. The Democrats want to outlaw inversions, but that will never work. Companies leaving is not the disease, it is the symptom.
Politicians in Washington have let America fall from the best corporate tax rate in the industrialized world in the 1980’s (thanks to Ronald Reagan) to the worst rate in the industrialized world. That is unacceptable. Under the Trump plan, America will compete with the world and win by cutting the corporate tax rate to 15%, taking our rate from one of the worst to one of the best.
This lower tax rate cannot be for big business alone; it needs to help the small businesses that are the true engine of our economy. Right now, freelancers, sole proprietors, unincorporated small businesses and pass-through entities are taxed at the high personal income tax rates. This treatment stifles small businesses. It also stifles tax reform because efforts to reduce loopholes and deductions available to the very rich and special interests end up hitting small businesses and job creators as well. The Trump plan addresses this challenge head on with a new business income tax rate within the personal income tax code that matches the 15% corporate tax rate to help these businesses, entrepreneurs and freelancers grow and prosper.
These lower rates will provide a tremendous stimulus for the economy – significant GDP growth, a huge number of new jobs and an increase in after-tax wages for workers.
The Trump Tax Plan Ends The Unfair Death Tax
The death tax punishes families for achieving the American dream. Therefore, the Trump plan eliminates the death tax.
The Trump Tax Plan Is Fiscally Responsible
The Trump tax cuts are fully paid for by:
- Reducing or eliminating deductions and loopholes available to the very rich, starting by steepening the curve of the Personal Exemption Phaseout and the Pease Limitation on itemized deductions. The Trump plan also phases out the tax exemption on life insurance interest for high-income earners, ends the current tax treatment of carried interest for speculative partnerships that do not grow businesses or create jobs and are not risking their own capital, and reduces or eliminates other loopholes for the very rich and special interests. These reductions and eliminations will not harm the economy or hurt the middle class.Because the Trump plan introduces a new business income rate within the personal income tax code, they will not harm small businesses either.
- A one-time deemed repatriation of corporate cash held overseas at a significantly discounted 10% tax rate. Since we are making America’s corporate tax rate globally competitive, it is only fair that corporations help make that move fiscally responsible. U.S.-owned corporations have as much as $2.5 trillion in cash sitting overseas. Some companies have been leaving cash overseas as a tax maneuver. Under this plan, they can bring their cash home and put it to work in America while benefitting from the newly-lowered corporate tax rate that is globally competitive and no longer requires parking cash overseas. Other companies have cash overseas for specific business units or activities. They can leave that cash overseas, but they will still have to pay the one-time repatriation fee.
- An end to the deferral of taxes on corporate income earned abroad. Corporations will no longer be allowed to defer taxes on income earned abroad, but the foreign tax credit will remain in place because no company should face double taxation.
- Reducing or eliminating some corporate loopholes that cater to special interests, as well as deductions made unnecessary or redundant by the new lower tax rate on corporations and business income. We will also phase in a reasonable cap on the deductibility of business interest expenses.
BTW, please don't downvote me because I linked to a PDF. Your technological unskillfulness at opening a javascript-disabled PDF is not my fault--crack a book before you press that down arrow. It would appear this is the official site of Donald J Trump
anonymous@localhost ~ $ whois donaldjtrump.com
Domain Name: DONALDJTRUMP.COM
Registry Domain ID: 2595032_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: http://www.godaddy.com
Update Date: 2016-06-29T14:27:28Z
Creation Date: 1997-01-20T05:00:00Z
Registrar Registration Expiration Date: 2017-07-01T03:59:59Z
Registrar: GoDaddy.com, LLC
Registrar IANA ID: 146
Registrar Abuse Contact Email: abuse@godaddy.com
Registrant Name: General Counsel
Registrant Organization: THE TRUMP ORGANIZATION
Registrant Street: 725 FIFTH AVENUE
Registrant City: NEW YORK
Registrant State/Province: New York
Registrant Postal Code: 10022
Registrant Country: US
Registrant Phone: +1.2128322000
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: generalcounsel@trumporg.com
Tech Email: generalcounsel@trumporg.com
Name Server: ADEL.NS.CLOUDFLARE.COM
Name Server: BRAD.NS.CLOUDFLARE.COM
>>> Last update of WHOIS database: 2017-02-08T19:00:00Z <<<
79 comments
n/a Treebeezy 2017-02-08
Downvoting because this isn't a conspiracy
n/a Flat_Earth-Fat_Girth 2017-02-08
Come on 911BS, I'd never down vote you.
n/a 911bodysnatchers322 2017-02-08
Why thank you, but you should if you legitimately feel it doesn't contribute
n/a iPissOnRebelGraves 2017-02-08
Bernie agreed about TPP
n/a HashtagDadJoke 2017-02-08
Don't tell his followers...
n/a iPissOnRebelGraves 2017-02-08
Socialist democracy is European trash
n/a 911bodysnatchers322 2017-02-08
Well that's good to know that he did that. Thanks for letting me know. I saw a clip of him bad mouthing Trump's picks and some speculations Sanders made and it made me unhappy. Was hoping he'd see what Trump is doing and instead of battling him to make some money on cnn he'd turn his back finally and offer his services to Trump. Who might want to say 'nah' out of ego but his people would tell him to use Sander's support for marketing. This of course hasnt' happened. I wonder if Sanders has ties to this pizza gate stuff. Lots of crap going down this week, as we speak. Waiting for the other shoe to drop by hopefully end of this weekend.
n/a EricCarver 2017-02-08
I think Bernie will come around more and more as he realizes Trump and he might have more common ground than thought. Time will tell.
n/a blthsfrznbns 2017-02-08
One thing that's disappointing is the co-opting of actual progressive and grassroots groups that supported him by the Democrats since the convention. On the Sanders side there was a lot of "let's bridge the gap between Democrats and Republicans with things that strengthen the middle class we can all get behind" and there wasn't this ridiculous oppose all Republican no matter what attitude. Now that the establishment Democrats lost they're trying to be like "see guys, we're all on the same side- we don't like Trump, we're friends now!" when in reality they spent millions trying to make Bernie and his supporters go away when it was more convenient for them.
n/a NationalDenbt 2017-02-08
I don't think Bernie realises that it's not about right vs left any more, it's insiders vs outsiders. That's why you have republicans so strongly against Trump and Democrats like Tulsi who are supportive of him and it's why so many of Bernie's supporters flocked to Trump.
n/a iPissOnRebelGraves 2017-02-08
Trump has ties to Epstein as well.
n/a twofaceHill_16 2017-02-08
Ties, sure.. Epstein is/was a rich businessman.
Does he have Bill Clinton-like ties to Epstein. Very doubtful.. but if you have proof or evidence. I'm all ears..
n/a martini-meow 2017-02-08
I think Bernie is supporting dems until they screw over his pick for dnc chair. If they fick up that "election", he'll know they are dedicated to political suicide. He still is withholding his email list.
n/a _Pm_Me_Your_Boobs_ 2017-02-08
Bernie got absolutely destroyed by Cruz in the debate. When will people realize that Bernie's plans have no basis in economic reality? This same socialist plan has been sold dozens of times in the past 200 years and never actually ends well. Why people think that this is somehow different is beyond me.
n/a iPissOnRebelGraves 2017-02-08
What do you mean it never ends well? Why is our healthcare not up to par with other nations? Wtf are you talking about?
n/a Laragon 2017-02-08
Looks good. I am downvoting you though, not because of a PDF, but because this is material more suited for T_D or other subs, there is no conspiracy.
n/a savewho 2017-02-08
THIS IS MORE SUITED FOR OTHER SUBS SO IM GONNA DOWNVOTE YOU CAUSE I HATE EVERYTHING TRUMP AND I HATE AMERICA BEING GREAT.
THERE IS A CONSPIRACY. THE FIRST REAL PRESIDENT YOUVE HAD AND HES GONNA ELIMINATE INCOME TAXES FOR CERTAIN GROUPS. YOUR A COWARD I HOPE YOUR NOT AMERICAN THAT WOULD BE A SHAME
n/a Triangularistan 2017-02-08
Conspiracy...I do not think you know what that word means.
n/a savewho 2017-02-08
CONSPIRACY - MEANING: ITS A CONSPIRACY THAT ALL THE PRESIDENTS BEFORE HIM ACTUALLY KEPT THEIR OATH THEY TOOK AND WERE ACTUALLY PRESIDENTS? INCOME TAX IS NON CONSTITUTIONAL AND HES GONNA END IT FOR THE MILLIONS OF POOR STRUGGLING FOLKS. LOOK AROUND THIS SUB THIS IS BETTER THAN THE OTHER SHIT PEOPLE ASKING STUPID QUESTIONS EVER 2 MINS. WHAT DO YOU GUYS THINK REALLY HAPPENED TO THE TRASHGUY DOWN THE STREET THAT DIED?
ALSO-I USE CAPS FOR THE DENSE
n/a IntellisaurDinoAlien 2017-02-08
I guess you didn't read rule 6 then, how would a 3 day ban to give you a chance to really read the rules work? Is that long enough?
n/a martini-meow 2017-02-08
💚
n/a savewho 2017-02-08
ALSO : CAPS. I USE THEM - DEAL WITH IT. I DON'T BOW TO LITTLE MEN
n/a g3374r2d2 2017-02-08
I think the conspiracy is that the status quo believes something diametrically opposite to what he is trying to propose and OP is bringing you people some information to combat the empty rhetoric
Thanks OP as usual!!! Have my upvote
n/a Laragon 2017-02-08
That's not a conspiracy though.
n/a g3374r2d2 2017-02-08
It's not a conspiracy to keep everyone believing a deception?
n/a Laragon 2017-02-08
Where's the deception though? The tax code is absolutely not a conspiracy, if it was, you wouldn't be able to read through all 73,954 pages if you so wished. People being too lazy to bother with reading legalese doesn't reach the level of a conspiracy.
n/a g3374r2d2 2017-02-08
The deception is putting the mob mentality against trump for things they don't comprehend or have factual information on.
Have you really struggled to hang through and see this point?
n/a Laragon 2017-02-08
They also don't have anything to work on other than the bullet points outlined here. There are a lot of ideas than they are actual concrete plans, and I don't think they can stretch the budget with those kinds of cuts. States that have enacted similar cuts are already having trouble paying for state services with the lowered revenue coming in, and states don't pay out billions in foreign aid like the government does.
n/a g3374r2d2 2017-02-08
Well there are many intermingling factors of economics that will be coming into play very soon. Very intelligent people are undoubtedly working all of these factors out in order to make things come true as they seem to wish so badly.
Trade deals, American labor, turning around a bunch of dead end investments that were created solely for the purpose of having a controllable bubble to profit from.
This stuff is all going to change and inevitably affect us in ways we won't be able to comprehend for a while. The tax cut seems doable in the face of the potential changes. Call me naive, but I see many systems at play that are subject to revision.
n/a 911bodysnatchers322 2017-02-08
None of that matters.
YOu have to do things out of principle and let the chips fall where they may.
Dems and Republicans alike have been trying failed policies, tweaking this way and that with more rules.
You need fewer rules, and you need the rules to be fair and kind.
Let the chips fall where they may, and if we can't pay for it, then we build up industry more so that we can pay for it.
We make tough choices, we give up a little bit of our held behaivors that are wrong also, like having bases everywhere overseas and creating war with the planet
We build solar farms and get us away from the oil=igarchs of the world that control our leadership
n/a NationalDenbt 2017-02-08
The deception definitely exists and the evidence is the result of it. The unequivocal MSM bias against Trump provides a motive and I refuse to believe that so many of the public would believe the opposite of this important, easy to find and easy to prove detail without some external force.
n/a Laragon 2017-02-08
Can you really blame them? With people like Sean Spicer and Kellyanne Conway blatantly and shamelessly lying to their faces and expecting to get away with it, one tends to not trust anything else the administration says.
n/a 911bodysnatchers322 2017-02-08
The media is still trying to control perception and they have brainwashed you even into believing that it's not happening. I mean you are really really lost. I feel badly for you. Maybe one day this changes and you'll realize what you've done. WHen that happens, forgive yourself. We want you to be happy
https://webbrain.com/brainpage/brain/1D8665FA-9D42-F115-3917-12E0429E1ED0#-34
https://webbrain.com/brainpage/brain/1D8665FA-9D42-F115-3917-12E0429E1ED0#-344
n/a 911bodysnatchers322 2017-02-08
The conspiracy is that the media is still controlling your mind by appealing to your ad populist, uncritical lemminghood. You've followed a bandwagon, and you're on the wrong side of history bro. Did you even read the tax proposal? If it passes, this will help you. Unless you're pretending to be hois pollois but in fact you are Nancy Pelosi pretending to be a 33 yr old white male tech nerd conspiracy thoerist and you have hundreds of millions of dollars and have to bring that home with a 10% repatriation fee
WHICH I DOUBT
n/a CivilianConsumer 2017-02-08
Yes he's trying to show us who might not be in the echo chamber the truth, which you cannot find anywhere on MSM. That's the conspiracy
n/a 911bodysnatchers322 2017-02-08
Thank you. When someone says "that should be in T_D" I'm taking this to be a type of CTR, simply because they feel that anything related to supporting trump should be in it's own nerfed, controlled echo chamber and shouldn't be 'let out' into the larger public. In this way, they are trying to suppress the speech and control the 'spectrum of discourse'
So /u/Laragon basically has acted in an oblique way, and probably unwittingly as a type of ad populist controlled opposition, by hinting at the fact that I'm not allowed to say anything in support of Trump--even factual support--which I strongly disagree is not appropriate for this forum, for exactly this reason, which to me is self-evident
n/a martini-meow 2017-02-08
You could get good discussion on this posting to r.wayofthebern (feel free to blame me).
You'd get even better discourse there if you framed it as a challenge for Bernie to step up to support the good in the plan, vs already having given up on our mascot.
n/a Premium_Panda 2017-02-08
The conspiracy is the utter lack of unbiased viewing that people of power have taken against trump. How do people not get this?
n/a Audrion 2017-02-08
Donald Trump IS our president, wake up
n/a Laragon 2017-02-08
Fully aware of that, thank you asshole. Voted for him. Overtly political content with no conspiracy value is material for T_D, politics or news. There is no conspiracy here.
n/a 911bodysnatchers322 2017-02-08
No you didn't. It's obvious now that you are some kind of forum spy
I did NOT vote for Trump, and you said I should post this in T_D
I was for bernie but I'm actually seeing what Trump is trying to do, and instead of combatting him and telling him / others that what he's trying to do isn't going to work, I actually like what he's trying to do and support what he's trying to do
I've never in my life been more behind a president than this one, simply because the rest of the establishment hates him so I KNOW he's doing the right things.
Because our governmnet has gotten to be such a joke that if they oppose him then it's because he threatens all their con games
I'm hoping that by the end of this weekend, he will have so many of these politicos in jail for being involved in Hillary's cadre and their crimes (search this sub for george webb cliff notes, I'm not going to debate you on this one)...if he does that. If he and Sessions take back control of DOJ and the FBI, then when he goes to pass this tax reform bill, they will all let him do it because they will be terrified
Now you might say, 'oh he's politically blackmailing or threatening congress'. Not exacltly. Trump didn't make them put their dicks in children ten years ago, nor did he make them eat a spirit cooking cake fashioned into a human person so they could jump the line on an organ donor list to get a new kidney that they took from a war orphan they created by breaking geneva convention and using ill-gotten libyan sarin gas on their families in syra, for example
but you know, the neolibs know nothing about these things
I'ts not their fault
Seymour Hersh's artilce the 'redline and the ratline' was suppressed in the US
This is the crux of the issue, and this is why I posted this post originally and THAT is the conspiracy
n/a martini-meow 2017-02-08
🏆!
n/a savewho 2017-02-08
ELIMINATE INCOME TAXES FOR A CERTAIN GROUP? CAN U SAY BYE BYE IRS CAN U SAY BYE BYE FEDERAL RESERVE? When all these things start to finally happen I am gonna feel real bad for those who are still non-believers for whatever arrogant all knowing reason other than "fuck TRUMP hes rich" WERE GONNA MAKE THIS COUNTRY GREAT AGAIN PUSSIES
n/a Cptn_Canada 2017-02-08
but... but 600 billion deficit. soon to be 1.2t ??
n/a clickwhistle 2017-02-08
If it's committed spending it's hard to pin it on the new guy.
n/a IGOTCOURIERPLZ 2017-02-08
It's not a terrible plan. I personally would not recommend he go this route because it starves the government of funds, and I think a slow descent is a more solid plan than pushing the gov off a cliff.
How does Trump propose we pay for our entitlements with so much funding lost?
BTW I do NOT see Trump getting this pass Congress. I hope everyone here knows that Trump does not control the budget, his plans are just suggestions.
In fact, I don't believe the GOP is going to do anything Trump wants to do.
n/a R0yGeeB1v 2017-02-08
They don't need more god damned money for their black book projects and pedophilia ring payoffs.
n/a IGOTCOURIERPLZ 2017-02-08
You're being a bit hyperbolic here. I'm not talking about pedophilia or CIA/NSA black ops (these are paid for by drug running btw, they are not on the government books).
I'm talking about Social Security, Medicare, Obamacare, etc. These are things that are real and cost a shitload of money. Drastically cutting taxes like Trump is proposing will increase our federal deficit significantly. It's not a good idea.
n/a throwitaway01234567 2017-02-08
Where did the $1 trillion+ that is missing from the DoD go? That's taxpayer money isn't it?
n/a LeakyTrump 2017-02-08
What about the ~$1.4Bn we have to Iran?
Or the $220M that we wanted to give to Palestine?
65k for Presidential hotdogs?
What about the 4.8M that Obama spent on his 2015 Hawaii vacation?
What about the almost $100M he spent of taxpayer dollar on vacations over the 8 years?
Yeah I don't want to pay for Michael to put his daughter and mother as "senior staff" on trips for which they get paid for.
Gtfo. Decrease the amount of money our government takes so they stop this wasteful spending.
n/a throwitaway01234567 2017-02-08
I'm not sure you understood my post or the one I was responding to...
n/a LeakyTrump 2017-02-08
Sorry, I understood your post. My post was more of in addition to your post. We are on the same side.
I guess there's no good way to agree with you and to add more to it without just separating the post and replying to him.
n/a throwitaway01234567 2017-02-08
No worries. I was specifically responding to OPs comment that the CIA dark ops are funded by drug money. I just don't buy it when there are trillions unaccounted for at the DoD
n/a martini-meow 2017-02-08
Those went to Dyncorp, mercenaries & local warlords.
n/a godlameroso 2017-02-08
You talk, but have ZERO clue how much money the government makes or takes in.
n/a BWet00 2017-02-08
"Because it starves the government of funds" lol uhhh YEAH, EXACTLY. FUCK 'EM.
n/a Hooks-Chains 2017-02-08
Upvoted.
n/a arsene14 2017-02-08
OK.
n/a mastigia 2017-02-08
I'm not an accountant. I can only think of this in terms of cost less for me = good.
Also pretty sure real accountants could come up with convincing reasons this is the second coming, or this is batshit crazy and we'll be ruined.
So, I guess I'll wait and see.
n/a spiff531 2017-02-08
Accountants are biased because if the tax code is simplified they won't get tax prep money. It said that in the plan: people will save on tax prep costs.
n/a BigSphinx 2017-02-08
Are you fucking kidding me
Are we just posting blatant propaganda now
n/a Vaedur 2017-02-08
15k hr ends up over the limit at 30K
n/a AlbanyHockey 2017-02-08
Well ya, 15k an hour is over 30k in 2 hours.
n/a Vaedur 2017-02-08
Hehe $15 oops
n/a buhbuhbweee 2017-02-08
Ok so you go $5k over the limit and are taxed 10% of that $5k, so you lose $500 to the government and keep $29.5k in your bank account for the year.
n/a FORKinmyDICK 2017-02-08
It's legitimately a good plan if you look at it objectively. It will help most people in the country. If you don't see that then you are just hating Trump and simply not actually reading the plan.
n/a CurseOfTheRedRiver 2017-02-08
I'll believe it when these crooks in Congress pass anything remotely close to it.
Until then, taxes are out of hand once you add them all up from local to federal levels and include sales and property tax.
n/a NationalDenbt 2017-02-08
Trump's stuck to his guns incredibly well so far. It's still early days but I have faith.
n/a F0XF1R3 2017-02-08
The problem is a tax change requires the cooperation of Congress. That's the real challenge.
n/a ocjmakaveli 2017-02-08
My main worry is tax cuts are great but if our countrys debt keeps going up there will come a time that our taxes will have to go up to cover all our debts and interest payments. A tax cut is like having 3 mortgages and you decide to get a part time job because it's easier and you think the mortgages will just cover themselves. As a country we have a deficit every year which means we cant even cover our current budgets and the plan looks like the yearly budget deficits will increase. Now if trump does put I a tax cut and manages to not have a deficit then i will vote for. him in 2020. I rather have the same taxes or even a slight increase as long as i know there is no deficit for 2018 2019 and 2020. We have to be responsible and not just Instant gratification whores that want tax cuts without any thought of the negatives. Personally i think i pay too much taxes I'm married and we both.paid 18k total this year for federal and state including self employment taxes etc. I dont want my 2 yr old to inherit a 40trillion debt when she's 18 at the rate we are going......
n/a pntsonfyre 2017-02-08
So what's going to happen when advances in AI start taking away (more) jobs? Which minority will be blamed? The robots? Oh man, I can imagine the CJW's bitching now.
I for one welcome our future AI Over-lords. Please don't sterilize the planet, kthx. Think of the memes that would be lost.
n/a godlameroso 2017-02-08
People doubt, but at this point Robot Cybernetic Velociraptors with Lazers and Skynet like intelligence are a foregone conclusion at this point.
n/a nut_conspiracy_nut 2017-02-08
GoDaddy is sexist!
n/a 911bodysnatchers322 2017-02-08
the word 'daddy' triggers me because it sexualizes the youth
n/a noelabelle 2017-02-08
I agree. And the confluence of terms baby (infant) and baby (lover). Especially in song lyrics. That always felt wrong to me.
n/a thenerd22 2017-02-08
I like it but the death tax is only for the super rich. We need that there. Helps keep us from bringing a oligarchy.
n/a _Pm_Me_Your_Boobs_ 2017-02-08
No it's not.. the rich don't actually pay the massive taxes. If you think a Rothschild is dumb enough to allow 30% of their estate gobbled up by the state then idk what to tell you. Paying double taxes on something that you earned is absolute theft and the death tax is a complete scam. This will help a lot of middle class families secure whatever nest egg they created for the next generations.
n/a n00854180t- 2017-02-08
I thought that was kinda lame before I realized that honestly it doesn't matter because if enforced the 15% corporate rate and the 25% top bracket would bring in far far more than a capped estate tax.
n/a 911bodysnatchers322 2017-02-08
I'd rather have a rich family retain their money than give it to a state. Because rich famlies don't have sovereign immunity, but the state does.
So if you had a rich familiy that created a militia, you could just blow them up and/or sue them later for damages and/or put the heads of their army in jail or execute them
But you can't do that with the Government. They get away with everything
So the idea of preventing an oligarchy by keeping a death tax doesn't really understand how things fundamentally work.
Oligarchy is not what you think it is. It's a public-private-partnership. By removing the death tax you are defunding the immutable "public" part, thus eliminating the oligarchy
n/a martini-meow 2017-02-08
What's thedelta between oligarchy and fascism? (serious query)
n/a bannana 2017-02-08
Increasing the military budget on top this tax plan wouldn't be sustainable past the 5yr mark, we would crash and burn. But what do I care my taxes will be lower.
n/a Positive_pressure 2017-02-08
No mention of capital gain taxes. Elimination of inheritance tax. Hey temporarily embarrassed millionaires, this is your dreams come true!
I would like to see some independent verification that all the proposed tax cuts are paid for. The list includes a one-time repatriation tax. What happens after everyone who wanted to transfer cash already done so?
n/a mjbmitch 2017-02-08
I can't see how the highest tax bracket going from 39.6% to 25% is going to help the increased military budget he wants to get.
n/a bostonbean 2017-02-08
Well the only way this would work is to get rid of that bloated bureaucracy we call a government-oh I see.
n/a LeakyTrump 2017-02-08
What about the ~$1.4Bn we have to Iran?
Or the $220M that we wanted to give to Palestine?
65k for Presidential hotdogs?
What about the 4.8M that Obama spent on his 2015 Hawaii vacation?
What about the almost $100M he spent of taxpayer dollar on vacations over the 8 years?
Yeah I don't want to pay for Michael to put his daughter and mother as "senior staff" on trips for which they get paid for.
Gtfo. Decrease the amount of money our government takes so they stop this wasteful spending.