Posted on 09/08/2015 7:10:02 PM PDT by familyop
No it doesn’t. Hedge fund managers have been paying the capital gains rate on a bonus-like compensation they get for profits in their funds. Trump’s plan would have them pay the regular income tax rate on that instead.
The current capital gains rate for high-income people is above 15%, so higher than what hedge fund managers would pay under Trump’s plan if his plan where what you quote from his book.
Since he claims hedge fund managers will pay more under his plan, his top income tax rate will presumably be higher than the current capital gains rate of 20% which high earners pay presently.
Hey, how come this thread hasn’t been locked?
Because the post above this thread was posted first, from CNN, on September 8th of last year. The copy from donaldjtrump.com was posted yesterday.
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