Reply With Quote
Clinton just said Trump could very well win the nomination. I guess he's a delusional Te Bagger as well
Tax plan to be announced Monday
Clinton just said Trump could very well win the nomination. I guess he's a delusional Te Bagger as well
The 60 minute segment on “The Donald” last night was so bizarre…Donald’s orange face and white make up around his eyes...I could not get past it... Did his handlers ever hear of a pre screen test? You would think that someone so rich could afford a Hollywood Powder Puff… HD 1080 leaves nothing to the imagination…Meanwhile Putin came off as calm & rational…Leave it to 60 minutes to distort reality…
I didn't see Donald's interview but I saw most of Putin's. That is just Putin being Putin. In interviews, he almost always comes across that way.The 60 minute segment on “The Donald” last night was so bizarre…Donald’s orange face and white make up around his eyes...I could not get past it... Did his handlers ever hear of a pre screen test? You would think that someone so rich could afford a Hollywood Powder Puff… HD 1080 leaves nothing to the imagination…Meanwhile Putin came off as calm & rational…Leave it to 60 minutes to distort reality…
"I looked the man [Vladimir Putin] in the eye. I found him to be very straight forward and trustworthy and we had a very good dialogue. I was able to get a sense of his soul. He's a man deeply committed to his country and the best interests of his country and I appreciate very much the frank dialogue and that's the beginning of a very constructive relationship."
- George W. Bush
Does anyone have a more keen eye that George W. Bush?
Trump won't play games like that.
Trump Plan Is Tax Cut for the Rich, Even Hedge Fund Managers
despite his campaign’s assurances that the plan is “fiscally responsible,” it would grow budget deficits by trillions of dollars over a decade.
You could call Mr. Trump’s plan a higher-energy version of the tax plan Jeb Bush announced earlier this month: similar in structure, but with lower rates and wider tax brackets, meaning individual taxpayers would pay even less than under Mr. Bush, and the government would lose even more tax revenue.
Currently, the top income tax rate for regular income is 39.6 percent. Mr. Trump would cut that rate to 25 percent, the lowest level since 1931. He’d cut maximum rates on capital gains and dividends to 20 percent from 23.8 percent. He’d cut the corporate tax rate to 15 percent, and also offer a special tax rate of 15 percent to business owners — less than half what they may pay under today’s rules. He’d abolish the estate tax entirely.
In 2013, taxpayers earning between $500,000 and $10 million deducted or exempted an average of 12 percent of their income from tax; for those earning more than $10 million, the figure was 16 percent. If those deductions were abolished entirely (and Mr. Trump proposes only to reduce them), that would not come close to paying for a cut in the top tax rate from 39.6 percent to 25 percent, which is a relative reduction of 37 percent.
Mr. Trump has also proposed taxing investment returns related to life insurance that currently don’t appear on tax returns at all. This would raise more revenue than you might expect, perhaps $20 billion a year at Mr. Trump’s proposed tax rates, but still wouldn’t be enough to offset the high-end rate cuts.
Even the hedge fund managers Mr. Trump has railed against on the stump would get a tax cut under his plan. The usual fee structure for a hedge fund is called “2-and-20”: a flat management fee (often 2 percent) on all assets, plus a performance fee (often 20 percent) on profits above a set threshold. Currently, the management fee is taxed at ordinary rates up to 39.6 percent, while the performance fee enjoys a preferential rate of 23.8 percent. Under Mr. Trump’s plan, all this income would be taxed at a maximum of 25 percent. The performance fee would be subject to a small tax increase, but that effect would be dwarfed by the large tax cut on ordinary management fees.
Another large, though less-noticed, tax cut in Mr. Trump’s plan is a reduction in the maximum tax rate on “pass-through income” to 15 percent; currently, this income is taxed at the same rates as wage income, up to 39.6 percent.
In addition to offering huge tax cuts to the rich and to business owners (including me!), Mr. Trump would offer huge tax cuts for the middle and upper-middle class. Married couples would pay no tax on their first $50,000 of income and just 10 percent on the next $50,000. A married couple with no children earning $100,000 and taking the standard deduction would pay $11,437 in income tax under today’s rules; under Mr. Trump’s plan, they would pay just $5,000, a tax cut of 56 percent. Many people with low-to-moderate incomes would see their income tax bills reduced to zero, increasing the share of the population that pays no income tax at all.
He’d also offer huge tax breaks to corporations, which would pay 15 percent, down from a current rate of 35 percent. Corporate tax is the main place where his plan departs from Republican orthodoxy, but in a fairly arcane way. Mr. Trump would tax the worldwide income of American corporations at the time it is earned.
Mr. Trump’s worldwide tax plan would have no effect on Ford’s choice to make cars in Mexico, so long as they’re paying at least 15 percent in tax to Mexico on their Mexican activities.
his tax plan would pay for itself: economic growth, perhaps as fast as 6 percent a year, again a higher-energy estimate than the 4 percent Mr. Bush has proposed. But there is no evidence to support the idea that such rapid growth can be produced through tax cuts.
http://www.nytimes.com/2015/09/29/up...s&emc=rss&_r=0
iow, enrich the 1% and BigCorp while ing America.
Trump Tax Plan Released: https://www.donaldjtrump.com/positions/tax-reform
If you are single and earn less than $25,000, or married and jointly earn less than $50,000, you will not owe any income tax. That removes nearly 75 million households – over 50% – from the income tax rolls. They get a new one page form to send the IRS saying, “I win,” those who would otherwise owe income taxes will save an average of nearly $1,000 each.
Well, on the surface at least it's better than the flat tax. I'd have to see what deductions/loopholes specifically are removed before I could really judge it.
they say he talked to tax excepts and came up with the plan
Boom. He wins its official
What a master plan
If you are single and earn less than $25,000, they get a new one page form to send the IRS saying, “I win”
I seriously do not think that earning less than 25k is “winning”…
many people going to school and right out of highschool do not make 25 k
you think they should pay taxes to uncle sam
I didn't realize "50%" of (married status) households make less than $50K. That's not good.If you are single and earn less than $25,000, they get a new one page form to send the IRS saying, “I win”
I seriously do not think that earning less than 25k is “winning”…
I am not a fan of repealing the estate tax as Trump proposes. Hate to have to disagree with him on anything he says, but I still support him.
#TeamTrump
#Orange4Ever
#WINNING
know someone they own a ranch he and wife die tomorrow
they have 6 kids say it is worth 6 million none of the kids have enough money to pay 57% tax on that and their parents already paid tax on the ranch!
Ranch pays the taxes, which I would guess have a pretty fair exemption from the estate tax. $5,340,000M is exempt.
http://www.irs.gov/instructions/i706/ch01.html (irs website gives figure of initial exemption)
6M-5.34M = 660,000.
57% of that is roughly 376k.
Pretty doable from the revenues on such a large working ranch, I would guess.
That is assuming there is not a further exemption from the tax for farms/ranches, which I would say is pretty probable, given teh politics of such things.
I can read it for you, but you have, once again, gotten suckered by people willing to lie to you to get you to vote for them. Those people rail against estate taxes, because that is what their rich donors tell them to be mad about.
The first $5.43M is completely exempt from estate taxes.
Also, I don't think the rate on the portion not exempt is 57%.
http://fivethirtyeight.com/features/...tages-of-doom/
or if you prefer the votes that actually matte, where Jeb is clearly winning:
http://projects.fivethirtyeight.com/...ement-primary/
Silver gives rather low 50:1 odds on Trump getting the nomination.
Trump is popular with the "low information" crowd, but will be winnowed out as people start paying attention.
which explains why he's so popular on this sub
morans.
congress has a disApproval rating of 75%
why would anyone care about their endorsement
ranch is not making money has only 80 cows dude is in his 70's can not have more cows
people want 30 or more an hour to help him out
they will have to sell it to pay taxes and not keep it in the family
37 k at 4.5 for 30 years is 1950 I guess that is pocket change for you
So the $6 million farm is not making money? Then sell it.
some things have more then money
the land is beautiful and it was their parents they will have to do something when their folks pass on
the ranch could make money if you bought more cows and things.......
There are currently 2 users browsing this thread. (0 members and 2 guests)
Posting Permissions
