Trump's Tax Plan...
- Thread starter DrVenkman
- Start date
Totally agree with you on his antics. it's tiresome and why I'm turned off completely.
But I will read his ideas and platform, as I do most candidates.
So you want more hidden taxes so that stupid democratic voters don't know how they are getting screwed.
Everyone should pay some level of taxes. No one rides for free. We have nearly half of the country not paying any taxes right now, and they have the nerve to complain that the rich don't pay more.
There is something inherently wrong with that picture.
Well, of course that's true about who ultimately pays taxes. I can't imagine anybody seriously arguing that it isn't. But I think it's pretty clear that with 99.99% of discussions about tax rates, taxes paid, etc., it assumed by all concerned that the discussion is about direct payment.
But your second statement doesn't compute. It isn't the Republicans who are constantly preaching about everybody paying a "fair share" -- without defining what that might be.
This is correct.
So far Rubio, Christie, and Bush have released their plans and each one addressed carried interest and each one increased the standard deduction in addition to reducing the number of tax brackets.
I still like the Bush plan the best, but I when I mention it to people, I always get blank stares in return.
Perhaps Trump will at least move this dialog into the debate.
He had an answer for this which is sort of intriguing. He suggested he would simply not pay the total billed for services. When a firm sends a bill for building the government road or plane or hospital, Trump would just pay 80% in a negotiated settlement.
Well govt spending has driven a lot of construction based inflation so this might do some good.
Dude, think about what you just said, then think about income/wealth inequality, then think about how a consumer based economy actually works.
This is funny. Grover Norquist signs off on Trump's plan so its gotta be good for the country.
"Trump's plan is certainly consistent with the Taxpayer Protection Pledge," said Grover Norquist, president of Americans for Tax Reform. "Trump has said he opposes net tax hikes and has made clear that the real problem is spending. This plan is a reform, not a tax hike." The plan is not a tax cut, but is rather intended to be revenue neutral under a dynamic score.
"Trump's plan is certainly consistent with the Taxpayer Protection Pledge," said Grover Norquist, president of Americans for Tax Reform. "Trump has said he opposes net tax hikes and has made clear that the real problem is spending. This plan is a reform, not a tax hike." The plan is not a tax cut, but is rather intended to be revenue neutral under a dynamic score.
Although, a much more likely example is this: Father dies and leaves a house, which is sold for $500k and $1 Million in cash after insurance and investment accounts are cashed in, so the inheritance is $1.5M before any taxes are taken. Capital gains related to the house should be treated like any other capital gains (reinvest or pay), and capital gains on the investment accounts should be paid appropriately. Lets say there's $1.1M left after capital gains are taken out. That $1.1M shouldn't be taxed as income, it's already been taxed as the parent gained it throughout their life.
If the top tax tier is 25% then cap gains should be treated no different than ordinary income.
