Trump Plan Is Tax Cut for the Rich, Even Hedge Fund Managers

New York Times ^ | 09/28/2015 | Josh Barro

[Fledermaus]

Here come the liberals and other idiot parrots...

“SQUAWK” TAX CUTS FOR THE RICH “SQUAWK” TAX CUTS FOR THE RICK “SQUAWK”

[Brown Deer]

"Private equity and hedge fund managers can currently count compensation from the funds they manage as capital gains. Treasury estimates that taxing those payments as ordinary income could boost tax revenues by $18 billion over a decade." ~~ Breaks, Penalties, and Extenders

and federal income tax revenue during the next decade is projected to be well over $18 trillion. So we are talking about a possibility of maybe a 0.1% difference in tax revenues. So really, what difference would it make?

[Red Steel]

But Moron Hillary won’t improve the economy, and if it does, it would be in spite of her efforts.

[Sequoyah101]

Spoken like the new york slimes... pull out the wedge of strife, class envy, jealousy and division... create classes and pit them against one another... you’re sure to stir up a hornet’s nest.

Go to hell nyt.... straight to hell.

[Sequoyah101]

Cooties and Jock Itch are my two real hot button issues. I’m not in favor of either of these and if Trump does not come out strongly against these real issues.... well, I just can’t vote for him and I’ll stay home and hold my breath and stamp my feet!!!! Reall, I will. I’ll do it I tell you. I’ll do it.

And halitosis and driving on the right side of the road... well. There is just so much that is bad.

/s

[Sequoyah101]

Sh-t man.. I’ve got ties older than this sniveling little snot.

Is josh still living in Rachel and Robert’s basement?

Go back and eat your bran flakes josh.

What do they pay you? Whatever it is, it is too much. You must be the low bid opinion journalist.

[Sequoyah101]

For this plan I’d give up every deduction and “loophole” there is.

[Sequoyah101]

0.7% for the low earner
3.4% for the high earner

3.4% is more than the 0.7%

Much too complex for the sheeple and the moochers...

[VideoDoctor]

The New York Times would find something WRONG with a free lunch at a Sunday school picnic!

[tallyhoe]

The problem with Trumps tax plan it is a progressive plan.. Need a flat tax across the board say 10% no deductions everybody pays... Everybody!

[WENDLE]

jobs jobs jobs Making America great again. Go Trump!!

[prisoner6]

Congrats, you got it!

[entropy12]

That is great! Rich people deserve a tax cut also! That will mean more money spent OUTSIDE of government. Citizens can spend money better than the wasteful government.

[entropy12]

Flat tax rate is the best way to kill middle class & lower earner from UPWARD MOBILITY. If you think a single mother will pay 18% flat tax over collecting welfare, I will sell you a ocean front villa in Kansas.

[entropy12]

I needed a good laugh, after reading all these posts about poor people must pay 18% flat tax. Thank you very much.

[Sequoyah101]

I’m pretty sure we are screwed. The mountain of ignorance we have to overcome with the sheeple is just too much to even think about some days.

I do try not to give up hope though.

[RedMDer]

[TexasFreeper2009]

mortgage interest deduction?
property tax deduction?
business deductions for repairs, supplies, depreciation?
IRA retirement contribution deductions?
Company paid healthcare not being counted as salary?
charitable deductions?

My wife and I make a combined $250,000 or so a year gross. After all our deductions were have an adjusted gross of $140,000.

Tell me how lowering my tax bracket a bit is going to make up for counting the whole $250,000 ? (and it could be more if things like company paid healthcare and other benefits were considered taxable income)

[TexasFreeper2009]

doh! its even worse than I thought!

I was only thinking about adjusted gross, but the deductions and exemptions are taken off of that and we are only taxed on $88,000 of the $250,000 we grossed.

[Read Write Repeat]

American financial firms move to the Caymans, ETC — why?

“Too many companies – from great American brands to innovative startups – are leaving America, either directly or through corporate inversions. The Democrats want to outlaw inversions, but that will never work. Companies leaving is not the disease, it is the symptom.”