Posted on 10/26/2016 7:30:06 AM PDT by AngelesCrestHighway
Both Hillary Clinton and Donald Trump have both introduced plans that would change the federal tax system.
Hillary Clinton’s tax plan would increase federal revenue by about $1.4 trillion over the next decade. Her plan would make the current tax code more progressive by raising taxes on top earners and cutting taxes for families with young children. Her plan would slightly increase marginal tax rates, which would result in reduced economic output in the long run.
Donald Trump’s tax plan would reduce federal revenue by between $4.4 and $5.9 trillion over the next decade. His plan would cut taxes, on average, for taxpayers in all income groups, but top earners would see the largest reduction in their tax burden. Trump’s tax plan would reduce marginal tax rates, and if fully paid for, would boost economic output in the long run.
First of all, any predictions or forecasts longer than one year are dubious at best.
Second, tax policy is not nearly as important as what will be done with regulations. Reg’s are choking small business to death.
Hillary will double regulations and give broad, unconstitutional powers to the liberal busybodies in the alphabet agencies.
Mr. Trump will slash the most onerous regulations, and possibly get rid of an alphabet agency or two, thereby freeing up We the People to do business as we ought.
and if fully paid for,”
Stopped reading right there. Proof Positive the writer kneels at the Alter of Big Government with his tongue hanging out like Madonna.
You would OWE $1800 more under Trump?
I believe a Trump POTUS grows the economy with small business and opportunities allowing the jobs market to flourish once again. Since the Obama POTUS, thousands of strip malls of what use to be small businesses are empty, ghost towns. More of that with HRC. If competition grows, then my current employer will need to come up with a better incentive to retain me, otherwise I will leave for a better salary and usually that means anywhere from a 10K - 15k instant salary increase which I haven’t seen in 10 years. I believe with HRC, more of the same and if HRC is POTUS in 2017 my employer will be forced to go to the exchanges in 2018.
Claiming I would owe 2700 more under Trump, which I don’t buy. One of the other calculators used had be paying almost 4700 less under Trump
I would pay 2700 more under Trump. I question this.
It’s the new Millenial English whereby the writer leaves out nouns and verbs and assume the reader is supposed to understand the message.
I get to keep $2,464 more Federal income tax with Trump; but my taxable income would also drop so I’d get a little relief on state taxes as well.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.