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To: Behind Liberal Lines

I just finished reading his tax plan, nowhere in it did he say he was gonna raise taxes on the rich.

https://www.donaldjtrump.com/positions/tax-reform


30 posted on 09/28/2015 11:50:17 AM PDT by Durbin
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To: Durbin

bump


112 posted on 09/28/2015 1:19:56 PM PDT by gibsosa
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To: Durbin

The rich who have used loopholes to pay far less taxes than the average citizens might consider the loss of those loopholes as an increase. I for one call it fair to the rest of us who can’t afford the fancy lawyers.


147 posted on 09/28/2015 2:58:28 PM PDT by nclaurel
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To: Durbin
I just finished reading his tax plan, nowhere in it did he say he was gonna raise taxes on the rich.

He did say that he was going to repeal a lot of deductions the very rich enjoy. Now whether the increase in taxable income results in paying more taxes even with the lower tax rates depends on the individual I'm sure.

160 posted on 09/28/2015 4:59:15 PM PDT by DoodleDawg
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To: Durbin
nowhere in it did he say he was gonna raise taxes on the rich.

Did you read the whole plan, or just stop when he gave the rates?

"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."

"An end to the deferral of taxes on corporate income earned abroad."

"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."

As someone who prepared taxes and worked with small businesses for over 25 years, that sure sounds like raise taxes on the rich.

I am not a Trump basher, but I can see him for what he is - a New York "conservative" who knows how to package what he is selling. I like much of what he says about illegal immigration, but even there he has a back-door amnesty (let the "good" illegals back in quickly). I don't see anyone I like, but I only like about half of Trump's policies.

161 posted on 09/28/2015 5:01:03 PM PDT by BruceS
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