Posted on 07/28/2010 6:55:21 AM PDT by TigerLikesRooster
Trump Urges Obama to Extend Bush Era Tax Cuts for All
Wednesday, 28 Jul 2010 07:46 AM
By: Dan Weil
Donald Trump, the real estate mogul and reality TV star, opposes President Barack Obama’s effort to deny an extension of the Bush era tax cuts for people with income of more than $200,000 a year.
“He’s taking away a lot of incentives from a lot of people that produce a lot of taxes,” Trump told Fox News.
The cuts, enacted in 2001 and 2003, will be revoked next year for all income brackets if Congress does nothing. Obama wants Congress to keep the reductions in place only for those with income of less than $200,000 a year.
Obama's proposal would boost the top tax rate to 39.6 percent next year from 35 percent currently.
Such a move will send some people out of the country in search of lower taxes, Trump says.
“But it’s getting so expensive that if you let this happen, you’ll have people leaving just like they move to other states. You’ll have people and companies leaving to other jurisdictions.”
(Excerpt) Read more at moneynews.com ...
P!
Walk the walk, Donald
Move to the Caymans, take your empire with your, make your point
Or at least move to Florida like Rush
Why doesn’t the press ever talk to someone who actually earns more than 200k per year from an S corp and ask them what they will do if their taxes are raised? They talk to everyone else about guessing what they will do, but there are some real people out there.
Where does Trump live (for legal/tax purposes)?
I’m sure he has Florida property.
He is in NYC all the time, so he owes NYC taxes wherever he may live- so I presume Trump is a NY resident
this is why Rush got audited by NY every year- I think he said he owed NYC taxes if he worked or spent more than 15 days in NYC
I’m quite sure that NY is his legal residence.
notice how “the rich” have now slipped from $250,000 to $200,000? I wonder when was the last time michelle obama lived on $200,000 (a year, not a month).
It will never happen.
Shut up Trump, you a-hole....excuse my language, but this guy was running around the country agitating for the election of Barack Hussein Obama.
Why do they keep calling it Bush’s tax “cuts”? These rates have been the law of the land for what, seven years now? Extending them will not be a “cut”.
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