Posted on 09/29/2015 12:44:11 PM PDT by GIdget2004
GOP presidential front-runner Donald Trump's tax plan would cost just under $12 trillion over a decade, according to an analysis from a conservative-leaning group.
The Tax Foundation found that Trump's proposal would lose around $10.1 trillion when accounting for the potential economic growth that would be spurred by the tax changes.  The $12 trillion figure comes from more traditional scoring methods, akin to those employed by official federal scorekeepers. Trump himself has said that the plan — which slashes the top tax rates for both individuals and all kinds of businesses — won't add to the deficit.
But after the billionaire businessman released his plan, tax analysts were quick to question that claim and said that the top 1 percent of earners would be most likely to gain under Trump's proposals. Trump had said for weeks that his plan would go after Wall Street types who paid little to nothing in taxes.
The Tax Foundation found that the top 1 percent of earners would see their after-tax income rise between 21.6 percent and 27 percent under Trump's plan. The bottom 30 percent of taxpayers, on the other hand, would gain anywhere from 0.6 percent to 11.5 percent in after-tax income.
(Excerpt) Read more at thehill.com ...
Numbers made up rather quickly, no?
We’ve added ten trillion under Obama.
What’s another 10 trillion going to hurt?
It’s all phony money at this point.
” ...... according to an analysis from a conservative-leaning group.”
—
Should read, “ .... GOPe leaning group.”
Static calculations. Sorry, but merely a Trump VICTORY would spur investment and growth like you haven’t seen since 1981.
And that would be $12 trillion of our hard earned dollars left for us to “invest” as we please.
Cut the taxes, cut the government, cut the spending. Repeat.
It took them just 24 hours to analyze the myriad layers of out tax policies today versus the Trump plan and come up with this exact figure.
Horse stuff...
Yeah, the MSM can figure out what a new tax plan “costs” the Government in hours.
It can take them 40 years to figure out what a government giveaway plan costs.
Cue Dr. Evil: “Riiiiiiiiiight...”
Tax Foundation of Bush sycophants?
What does this even mean?
Only among DC apparatchiks does government stealing less from its citizens add up to a "loss."
And I’m sure that amount included a continuance/expansion of the bloated FedGov.
Well, if you're not paying taxes to begin with you're not going to gain as much as someone that actually pays taxes.
I don’t care what it costs actually because it looks like it will add about $10,000 a year to the RCone annual household income.
-—But after the billionaire businessman released his plan, tax analysts were quick to question that claim...-—
Both can’t be right. The difference is likely the set of assumptions each ‘professional economist/taxman’ is using.
Levin endorses it. I’d like to see what the likes of Steve Forbes says.
Until proven otherwise, my money is with Trump on this (no pun intended). Recall the media’s and GHWB mocking Reagan’s economic plans as ‘Voodoo economics’; ‘Reaganomics’, until the economy expanded at a tremendous rate. We know the end of the story.
Absolutely right.
Confidence is everything.
This kills me. When something causes taxes to go down, these clowns say it's "expensive". Really? Stop and think what you're saying, stupid. What you're saying is that people get to keep more of their OWN money. The gov't can't get anything without taking it away from someone else first. Instead of saying "Trump's tax package will cost $12 trillion over 10 years", why not say "Thrump's tax package will put $12 trillion back into taxpayer hands."...where it belongs!
Numskulls...
“Static calculations. Sorry, but merely a Trump VICTORY would spur investment and growth like you haven’t seen since 1981.”
Yes, now watch the hard left make up lie after lie.
So in other words, if you don't pay hardly any taxes your income barely goes up when the taxes you hardly pay gets cut.
Nice work Captain Obvious!
Koch Brothers support Yeb, so this is no surprise.
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