Posted on 08/08/2016 6:41:47 AM PDT by bobsunshine
Democratic and Republican nominees Hillary Clinton and Donald Trump agree that the U.S. tax code needs major changes, but their proposed changes have drastically different effects on Americans’ pocketbooks.
Clinton wants to increase taxes on individuals, specifically wealthy Americans, and businesses. She also proposes a significant change to the capital gains tax and wants to expand the estate tax, according to analysis by the Tax Foundation.
Trump wants to abolish the estate tax and wants an income tax reduction that encompasses most American families.
Let’s get into the specifics of each tax plan and how they impact America’s bottom line.
Hillary Clinton
“Clinton’s plan is carefully tailored to affect pretty much only households making over $250,000 in income. There are a couple tax changes that might incidentally affect people in the middle class or low income brackets, but in general it is a tax increase on households making over $250,000 and nothing else,” Scott Greenberg, analyst with the Center for Federal Tax Policy at the Tax Foundation, told The Daily Caller News Foundation............
Donald Trump
“The Trump plan affects everybody. It’s very hard to imagine a single tax payer who wouldn’t be paying less in taxes under the Trump plan. There are tax cuts for the rich, the middle class, and for the poor. Really across the board tax cuts,” said Greenberg to TheDCNF.
(Excerpt) Read more at dailycaller.com ...
Trump is for American jobs.
He is the first American politician in more than one entire generation, who has stood up, for working Americans.
Mr. Trump!
I’m concerned about latest poll numbers. Hoping it’s only a bounce for Hillary post-convention. If she wins I don’t want to think about the future of my kids/grand kids in the swamp she’ll turn our country into.
I don’t vote my wallet. I vote for individual freedom. I’d rather be free and poor than rich but live in a gilded cage.
Which candidate is better for your bottom line: A Communist or a Capitalist?
The latest polls indicate that Women, Gays, and Minorities will elect Hillary Clinton president.
The same coalition that re-elected Barack Hussein Obama.
The question should be, which one is better for America.
Hillary is better for wealthier Americans. She is bought and owned by Wall Street.
We are so taxed to death we don’t even know how much tax we really pay so there are plenty of wasteful programs and freebies that could be cut to alleviate the burden. I was pumping gas and happened to look at the tax we are paying per gallon and it was 20 cents on federal taxes and 18.4 cents on state taxes. That’s a lot of money right there. It made me think WHY do we have toll roads? Oh yeah...because they can. Cut the the pork and cut the corruption and we will have a reserve in no time...
Trump for President.
The whole no estate taxes are a scam. You are taxed on money that you are inherited. I wish that lie would go away.
I can only hope there are more real American conservatives than liberal nut-case women, gays, and minorities.
Will add that my daughter and her husband (sadly) voted for Obama twice. BUT...they cannot STAND Hillary and said they will not vote for her. May not bother to vote at all!
My son is Libertarian and doesn’t want Trump or Hillary. He’s voting 3rd party as he did last 2 elections.
Hubby and I voted GOP (although we are Independents). Both will do so again.
Have a retired friend that voted Obama twice. He’s a veteran, albeit a Democratic one, and thinks Hillary is 100% crooked. Said he’s voting for Trump.
That said, there are 3 votes Hillary will lose out on if nothing more. Would be nice if it’s like that everywhere.
Someone has got to take hold of this place. Placating all the various groups is not going to work one bit. We have been balkanized, not homogenized, except perhaps maybe we are being made to love the homo life styles.
Amen sir. I’ve been poor before, but that can be changed. Freedom is not for sale.
“The poor in 2016 would rather see the 1% have their taxes raised than have their own cut.”
The poor do not pay income taxes. They want taxes raised on the middle and upper levels to pay for their benefits.
Its ok, everyone here on FR assures me this is totally in the bag for Trump, all the polls are completely wrong!!
I know what you mean, tho... this election is going to be VERY hard to get over... I guess I better start stocking up on Scotch... lots and lots of Scotch.
It's like arguing over which level on the Titanic you'll occupy.
Even those who do pay taxes are disturbingly fixated on seeing upper-income people punished.
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