Posted on 09/02/2015 10:28:23 AM PDT by 11th Commandment
Right! One might call it a Compliance Cost Reduction tax plan. Saves cost on the filer and the collector side. The accountants can focus on more productive accounting tasks, such as counting the profits.
An acquaintance of mine is a home builder. He’s currently building 42 homes across the street from my house, on an old elementary school property he purchased for $700k. These homes will sell in the $300k range each. He has 6 almost completed and real estate agents are showing them to prospective buyers. This could adversely affect his bottom line quite substantially since he is selling these homes one at a time......................
Ah, the proverbial two birds with one stone....
No. The govt doesn’t deserve a tax increase to then use that money to fund planned parenthood
Still a graduated tax, but the good news is everyone pays something. We won’t have many people — if any — paying nothing. This will create a larger constituency against raising taxes.
The failure of the Democrats to rid the tax code of the carried interest tax loophole is proof that all their talk about “equality” is bull.
Self-employed and moderately well compensated, my marginal tax rate is about 50% (federal income tax, self-employment tax, and state income tax). The hedge fund manager pays about 25% (20% federal capgains tax plus state.)
I don’t have any problem with a lower capgains rate, but carried interest is not a genuine capital gain; it is compensation for services rendered just like any other performance bonus.
But hedge fund managers are big-time contributors to both parties, and they have their way with politicians.
I don’t consider closing lobbyist-protected loopholes to be the same things as raising taxes. If you close these kinds of loopholes, in addition to cutting spending, taxes can be much lower for everyone, not just those who can afford lobbyists.
No. We need to support Trump because he is basically pro-America and that is not Bernie or Lizie - or the Bushes and their clones like Romney and Kasich either. Trump is as close to perfect you can get and he will win.
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