Posted on 08/09/2016 8:37:14 AM PDT by Sean_Anthony
Tax cuts. Tax simplification
What’s really news about the tax proposal Donald Trump laid out in Detroit yesterday is that it’s basically the same thing Republican House leaders are proposing: Three rates of 12, 25 and 33 percent rather than the seven we have today. He also proposed a special rate of 10 percent for repatriated profits brought home from overseas by companies operating abroad. This has long been one of Herman’s big issues, since we’re talking about hundreds of billions in capital that remain overseas because the companies would have to pay a 35 percent tax on them if they brought them home.
About corporate taxes, Trump proposes to reduce the 35 percent rate that’s the world’s highest to 15 percent. You’ll hear a lot about how “the math doesn’t add up,” which is translated to mean the federal government might have to do with less money. But the math always adds up. It’s just that an awful lot of the capital might end up in the hands of the private sector where it can be more productive. This is a horrifying possibility for the political class and their media servants, but it’s good news for people who value prosperity.
Trump knows how to fix the economy.Factories would come back to the USA with this reduction of the 35 percent tax . Trump is a great businessman with a great mind and work ethic. Other politicians are just corrupt whores out to get campaign donations and don't care what happens to the country much less have they worked out what to do to make America great again . this is why Trump is the only one that we have to donate to and elect.
Hillary just wants socialism and more Muslims and Mexicans to invade America that just makes things worse for working Americans what Hillary wants to do .
Good news! If he does this Trump will sharply reduce some of the chief barriers to wealth production.
It looks like he gets it.
Sweden has a 15% corporate income tax rate.
The individual rates are atrocious but they understand what fuels the economy.
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