[quote]ZEB wrote:
[quote]usmccds423 wrote:
[quote]ZEB wrote:
[quote]usmccds423 wrote:
Trump obviously think we are all stupid.
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You are probably not aware but the same thing was said about the Reagan tax plan back in 1980 when it was presented. However, what the left failed to recognize is that when you lower taxes you create jobs. In other words you broaden the tax base. Yes, in the beginning less tax money comes in as the rates are lower. But, over a relatively short period of time the economy picks up as job creators are allowed to expand by keeping more of their own money. And others have more money in their pockets which means there will be more spending.
I like the Trump tax plan but for one exception. I feel that everyone should pay something. Therefore, those making even 25-k per year should contribute a small amount.
The Trump tax plan is a winner. [/quote]
No it isn’t and here is why, there is zero chance he will come up with or pass the offsetting reductions needed to make this even neutral let alone reduce the deficit or debt. He’s also a liar when he says this plan will cost him a lot of money.
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Well, no one knows what will pass and what will not. It is merely a proposal and a good one I think. You can claim that any candidates proposal is no good because it cannot be guaranteed to pass through congress.
You call him a liar because he claims that the proposal if passed untouched will cost him more personally when you don’t even understand Trumps tax status or how it would effect him.
Look I get it you don’t like Trump I think we all understand that. And I will add he is not even close to being my favorite candidate. But, for heaven sakes give him a break relative to his tax plan it is not a bad plan and is certainly more than any of the other candidates have offered.
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Zeb, come on, be objective. Trump made like $300+ million dollars last year and I don’t believe that was capital gains (maybe it was). He is in the highest tax bracket that exists otherwise and there is virtually no chance he could of gotten his effective tax rate below 25% and per his plan he would still get certain deduction (like the mortgage interest deduction). His effective rate under the new plan would be lower under the current plan ie it would not cost him a ton of money. Even if his income is 100% capital gains, which I don’t believe is the case, his effective rate wouldn’t be that far off under either plan. So again, he isn’t going to get “killed” by his plan. It’s non-sense.
He’s conning conservatives and pandering to 50% of the population that won’t have any skin in the game and will not care if the top rate under is plan skyrockets to 75% next year, which is about the only way he’ll pay for the estimated $10 Trillion added to the deficit.
It has nothing to do with not liking him. It has to do with what is best for this country.