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originally posted by: Aazadan
So I was listening to political news in the radio today and one of the news blurbs was that Trump has scrapped his old tax plan and come out with something new. For now the details are light but it sounds like he's cutting the brackets from his old 5 to now 3, increasing the top rate, adding in a whole bunch of deductions, a tax holiday to bring money back into the US from overseas, and a new loophole which gives independent contractors almost no tax at all, only real employees pay tax.
As I said, concrete details are still light but it looks to be a mix of Paul Ryan's and Ted Cruz's plans. How do Trump supporters feel about this? I know a big reason people were drawn to him was his tax plan and the fact he was telling the establishment financial hawks to go F themselves. But his new plan appears to have been written by those very same people.
Currently: Seven tax brackets start at 10 per cent and go up to 39.6 per cent
Under Trump: A zero tax band for the lowest earners, then bands of 12 per cent, 25 per cent and 33 per cent
Currently: 40 per cent tax on all estates over $5.45 million for individuals and $10.9m for couples
Under Trump: Abolished
Currently: Up to 35 per cent of childcare costs of $3,000 for one child or $6,000 for two ore more is tax deductible. Actual amount depends on parents' income
Under Trump: 100 per cent of childcare costs tax deductible
Currently: Statutory rate of 35 per cent, effective rate can be as high as 39 per cent
Under Trump: Effective rate of 15 per cent
originally posted by: Tarzan the apeman.All I know is we need to try something different.
originally posted by: Tarzan the apeman.
a reply to: nwtrucker
I was reading even after all her tax increases we still going to accumulate another 1.5 or 3.5 trillion dollars (one of the two) in debt over ten years. Her tax plan solves nothing either. All I know is we need to try something different. What we are doing isn't working. What that is I do not know.
originally posted by: Aazadan
I have no problem with tax increases, we need a very large one right now if we hope to eliminate the deficit and programs we really need funded like rebuilding our infrastructure.
MAN-BOY LOVE08.08.16 12:00 AM ET NAMBLA Becomes Donald Trump’s Birther Moment Did Donald Trump donate to money to the North American Man-Boy Love Association? A bot certainly wants you to think so. Donald Trump absolutely, unequivocally did not donate money to the North American Man-Boy Love Association.
But that’s not what “some people” are saying.
“Speaking of tax returns, did you hear Donald Trump is refusing to release them because Donald Trump has donated to NAMBLA? That’s what all the best sources, the most tremendous sources are saying,” said EnoughTrumpSpam’s AutoModerator.
AutoModerator is, of course, a robot that’s been fed code to spit out this exact, completely baseless and fact-free conspiracy theory about Donald Trump every single time somebody brings up taxes. It started on Reddit, but in just a couple of days, the conspiracy theory has flooded Twitter and other corners of the web. “Trump and NAMBLA” saw a spike on Google Trends this week. And it’s not just an effort to get Trump to release his tax returns. It’s a way to show off how Trump’s conspiracy rhetoric is always precisely worded, but also based on nothing at all. Take this, for example:
originally posted by: AugustusMasonicus
I have no problem with tax increases also as long as they come from growing the tax base and not trying to suck more blood from the same stones.