Posted on 08/28/2015 12:18:58 PM PDT by z taxman
Donald Trump is finally showing us more of his economic plan beyond the "Make America Great Again" slogan on his red hat.
America has now learned:
-- He wants to tax the rich more and the middle class less.
-- He wants to lower corporate taxes.
-- He wants to cut government spending and stop raising the debt ceiling.
"The hedge fund people make a lot of money and they pay very little tax," Trump said in an interview Wednesday with Bloomberg. "I want to lower taxes for the middle class."
In short, Trump is willing to raise taxes on himself and those like him.
Many hedge fund managers and real estate investors are able to list their earnings as "carried interest" because of an IRS tax rule. They are able to cast their earnings as investment gains instead of income, which allows them to be taxed at a lower rate.
"You've seen my statements. I do very well. I don't mind paying a little more in taxes. The middle class is getting clobbered in this country," he said.
(Excerpt) Read more at money.cnn.com ...
Or else he plans an economic boom significant enough to lower taxes across the board.
Changing the tax structure doesn’t make one a redistributionist. A redistributionists redistributes wealth already earned.
Every candidate wants to change the tax plan. Cruz has a tax plan, Huckabee has a tax plan, low-energy Bush probably has a tax plan, walker is down to 2% and doesn’t matter anymore.
Thank heavens we have you to warn us about that evil man Donald Trump!!! What would we do without you!?!?! You are our knight in shining armor...
Better yet....tax the rich Democrats more. Call it the Utopian Tax, because there is no problem on earth that they couldn’t solve by spending more money.
I want to know the truth.
Yup, he wants to set the MAXIMUM tax rate at 15%.
That’s LOWER.
Typical misleading headline for the TDS types.
“”You’ve seen my statements. I do very well. I don’t mind paying a little more in taxes. The middle class is getting clobbered in this country,” he said.”
He wants to tax the rich more... where have I heard that before, well every democrat candidate ever has said the same thing.
There should be no tax on capital gains or dividends. Period.
DT is a populist.
Not a conservative.
This is scary.
Generally speaking, I’m tired of the rich wanting to raise my taxes.
The people who pay that absolute highest tax rates in the country, actually pay them, are the upper middle class. They get spanked as 1 percenters, but don’t have enough money to dodge the taxes. They/we/I need a tax cut.
“Thank heavens we have you to warn us about that evil man Donald Trump!!! What would we do without you!?!?! You are our knight in shining armor...”
No problem. I’m here to help.
And yes, you are a noob who obviously has an agenda by posting misleading articles.
Deal with it when the shoe fits.
The more one supports a progressive tax, the more one is a redistributionist.
“Generally speaking, I’m tired of the rich wanting to raise my taxes.
The people who pay that absolute highest tax rates in the country, actually pay them, are the upper middle class. They get spanked as 1 percenters, but don’t have enough money to dodge the taxes. They/we/I need a tax cut.”
Cut everyone’s taxes and shrink government... not this Trumpy changy crap.
Yeah, you’re right. I have to admit it.
We should only vote for people who say, “Read my lips.”
BTW: How did that work out?
That’s who the GOPe was going to spoon feed us in 1980 until Reagan pushed him off the other end of the bench.
Trump is wrong to talk about raising any taxes.
Tax increases on the wealthy means several things. Destruction of wealth. Less money to invest, fewer jobs, fewer businesses. Less tax base.
Trump should know this.
If he puts his tariffs in, he can lower taxes on all levels.
CNN is contradicting itself far more than usual here. I read the whole thing.
When Trump is talking ‘rich’ he MEANS rich. When dems say tax the rich they mean the middle class.
Trump is talking hedge fund managers who don’t pay squat.
Make it three level... flat ... on deductions... and tied to inflation so no one ‘creeps’ into the higher areas.
Trump’s right on this... he can work out the details after he’s in the White House...
Jeb Bush, Marco Rubio, and the Establishment GOP are the ultimate wealth redistributionists. They want to keep the current system... not to mention the fact that the Establishment GOP is RESPONSIBLE for establishing and maintaining the current tax regime in Washington.
Trump wants to eliminate the current tax system by eliminating deductions and implement the Fair Tax. He’s also said he likes the Flat Tax.
In New England the only wealthy people around are Democrats. At least in that part of the country that’s a good move for Trump, lol...
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