Posted on 08/27/2015 2:57:51 PM PDT by Erik Latranyi
The billionaire Republican front-runner starts getting specific about economic policy proposals.
Republican front-runner Donald Trump began to flesh out his economic vision for America, and it includes raising taxes on the wealthy.
Trump said during a Wednesday interview on Bloomberg’s With All Due Respect that he would like to change the tax code.
“I would change it. I would simplify it,” Trump told hosts Mark Halperin and John Heilemann from the lobby of Trump Tower on New York‘s 5th Ave. Specifically, Trump targeted hedge fund profits, which are currently taxed at a lower rate than regular income.
“You’ve seen my statements, I do very well, I don’t mind paying some taxes.”
(Excerpt) Read more at conservativeread.com ...
Misleading headline.
Trump is not advocating a soak-the-rich tax scheme. He is calling for a fair/flat tax plan that is equitable for all Americans.
The fact that he would pay more taxes is obvious.
Sounds like he’s joining the crowd calling for tax code simplification.
The reason why the wealthy and powerful can pay much lower effective rates than the middle class does is due to the tax code being riddled with breaks that only they are in a position to take advantage of.
I’m for lowering taxes, putting people back to work, getting able bodied people off welfare, cutting the wasted outlays on these free-loaders, and reaping the massive increased taxes.
Pay down the debt. Rebuild the military. Rebuild our infrastructure. Come up with a plan to restructure SS and Medicare under private individual accounts.
Some folks think it’s a great idea to agree to higher taxes on themself, as if it is noble. It isn’t.
Every tax dollar taken from them is less available for hiring new employees and opening new businesses.
The government is the destroyer of wealth.
The creaters of wealth should be allowed to create as much of it as they can, because trickle down to employees and a myriad of tax bases result.
Trump needs to be educated on that count.
He should also come out and say that if elected he will donate his time to being President and not accept his salary. He will pay for all of his and his family’s vacations. He will not allow his wife to replace the china or furniture in the white house. He will not be sending his wife on round the world trips to visit other countries as a quasi-vacation/business trip
Lets see if Hillary can top that...
I think everybody should pay taxes. That includes taxes on EBT, WIC, and Welfare benefits.
Yes. He is advocating a flat tax, with some “graduation” in the rates. Because that’s not at all contradictory.
Herbert Hoover donated all of his Presidential salary.
See what that got him?
He’s DEAD!
Trump wants to raise taxes and suddenly we are ok with that? /sarc
This is bizarro world.
he can pay more taxes now ... all he has to do is send it in
I thought he wanted a top rate of 15% and the lowest rate would be 1%?
BUMP
I think everybody should pay taxes. That includes taxes on EBT, WIC, and Welfare benefits.
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That’s not gonna happen in a million years. Fair tax? flat tax, progressive tax, added value tax, national sales tax? There will be exceptions, exemptions, “refunds” and/or rebates for the entitled class, through EITC and other welfare increases. The gibesmedats will never have “skin in the game”.
Idiotic. Why the hell do you want government to get their hands on your money twice?
At least this way it goes back to business owners when they spend it.
I wasn't aware of that, but I could surely live with it!
CA....
Most people here are aware of all this, and most all agree with it, but it's still nice to see it “spoken” out loud from time to time.
Paying down the debt is a nice idea, and once upon a time it would have worked, but now debt - governmental debt - is beyond the pale, and cannot possibly be repaid under existing circumstances. Just like the bankers (international), the liberals/socialists/communists, the One Worlders, and the lawyers always wanted it.
No, that will have to be addressed after the war, and I'm sure it will be, but you're spot-on for everything else!
I'm with you!
CA....
We spend $500 billion on welfare each year.
We have 90 million out of work.
Lop off at least $400 million off welfare, and reap the taxes off the 90 million we put back to work.
Our receipts could go up by 30 to 40%. Coupled with welfare savings... Think about that.
You’d be surprised how quickly we can turn things around if we get serious.
More like "Mister a big step in the right direction for the tax code"....
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