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Trumps true colors come out

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    #16
    Originally posted by jerp View Post
    He is proposing a zero income tax rate for households with incomes up to $50k for married couples and $25k for individuals. It sounds like a program aimed at middle/lower income folks but it isn't because of how tax brackets work. Under this plan if you make $100k you would pay zero tax on the first $50,000 in income, resulting in a tax savings for that person of maybe $6,000 a year. Trump's cuts would be tiny for lower income households because they are paying nothing or very little to start with. All the talk about changing tax rules on carried interest and the hedge fund guys will not come close to making up for the lost revenue. On a philosophical level, I don't think it is a good idea to take another 31 million households off the tax roles - just more people with no skin in the game who won't care about expanding government cause they ain't paying for it.
    Originally posted by Cajun Blake View Post
    I'd rather die under a Socialism government than to suffer under a Communist dictator that is currently in office.

    Our children are in serious trouble unless something changes for the better


    The sad thing, Washington DC is a CLUSTER and those in office DGAF about the people
    x2

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      #17
      Originally posted by jerp View Post
      All the talk about changing tax rules on carried interest and the hedge fund guys will not come close to making up for the lost revenue.
      How about cutting some spending also.

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        #18
        I don't see this as socialist at all. I see relief for low and middle class and a tightening up on "loopholes". Also on low income it would end getting money back in excise of what was paid into the old system. I am failing to see a negative on this plan. My biggest issue of all, this is on MSN... LOL

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          #19
          Reagan proposed a very similar tax plan

          but I agree with Jerp and Cajun Blake on this one

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            #20
            Originally posted by Solosoldier View Post
            How about cutting some spending also.
            Ditto. Trump and the other candidates need to get it through their heads this country will never get out of this mess with just another tax cut plan - it needs a spending cut plan.

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              #21
              He is already on record saying the spending is out of control.
              http://www.pbs.org/newshour/updates/...nds-10-issues/

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                #22
                Originally posted by J Sweet View Post
                As much as I dont like sleezy hedge fund managers this is still socialism right? He is going to reduce the tax rate on even the rich he says but get rid of all "loopholes" ie deductions so they will pay even more which is the only way others can pay less than they are now. He also wants to go after tax bas erosion practices of global corporations and tax those overseas earnings which will destroy jobs.


                The sickest part is even more welfare for the poor. Zero taxes for married making under 50K, we might as well take all incentives for these people to bother to get a job (pretty sure this would be the last).
                No its not socialism. He simply is saying,"if you make money pay something just like everyone else". If a guy making 100k a year is paying 25% then surely a sleazy hedgefund guy who flips a company and pockets 500 million should pay something. A socialist would try to repatriate or simply take higher and higher amounts from "rich" people. The arguments is the broader the base of people paying, the higher the revenue can be at lower rates.

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                  #23
                  Nothing new here. Seems I have been hearing this for quiet some time. And, the very wealthy have a lot more loop holes than we have. They should pay their fair share.

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                    #24
                    If he is going to use tax revenue from the rich so that the poor don't have to pay, that is socialism.

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                      #25
                      Why does everybody defend the wealthy? The loop holes should be closed. No one needs to a higher percentage but pay their fare share.

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                        #26
                        Originally posted by bwssr View Post
                        I like the no tax on the bottom dollar folks...then they wont get back money they never payed in, in the first place..i know some folks who get 3 to 4 k back, and only pay in 2k...aint right
                        Yep getting "refunded" more than you paid in is a joke.

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                          #27
                          Why not a flat tax for everyone? Everyone pays the same.

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                            #28
                            Originally posted by Bayouboy View Post
                            Nothing new here. Seems I have been hearing this for quiet some time. And, the very wealthy have a lot more loop holes than we have. They should pay their fair share.

                            The top 1 percent already pay more in taxes than the bottom 90.
                            Attached Files

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                              #29
                              Originally posted by ecfire1967 View Post
                              Why does everybody defend the wealthy? The loop holes should be closed. No one needs to a higher percentage but pay their fare share.
                              This is what it comes down to me. The poor shouldnt be exempt and the rich shouldnt have loopholes. Everybody does their share of what they do.

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                                #30
                                Originally posted by txwhitetail View Post
                                Why not a flat tax for everyone? Everyone pays the same.
                                fair tax,flat tax

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