>>Hey Kent C,
It’s refreshing to see intellect in action. That is certain more rare here today than in the past.
It’s more ‘google’ in action but thanks :-) I’ve read the plan and went to both the Left and Right tax analysis sources and how it works - they pretty much agree. Where the difference is, is in what revenue is generated. The Left of course shows a ‘short fall’ and the tex foundation shows a rebound.
I’ve never thought much of the ‘revenue neutral’ idea. I actually want LESS money going to the FEDs. But the economic growth from less taxes always pulls in more revenue as wages and jobs increase.
And a 10% or even 20% flat tax would pull money from those at the higher end who don’t pay taxes, and may bring much money back from offshore as well.
The vast majority of the populace ( except for big tax cheats! ) pay taxes! Even most TAX CHEATS pay some taxes.
The people who don't pay ANY taxes, are the scroungers who get TAX REBATES on money they NEVER paid in and the welfare mooches.
Forget the "SOAK THE RICH"/THE RICH PAY NOTHING crap, here.
Can the extremely wealthy hide their money? Yes, to some extent, but NOT all of it.
Do some major companies and yes, even smaller ones who do mostly cash transactions pay almost nothing to nothing? YES. But THAT isn't what you're talking about.
I like Trump’s tax plan. He lowers taxes for everyone, cuts out a lot of the deductions and loop holes and makes the hedge fund guys pay too, which they are not now.
I agree with your assessment entirely.
Revenue projections like those are nearly meaningless anyway. Too many unknown factors at this point.
Personally, I’d favor an amendment which says Congress can’t spend more than what was taken in last year.
It seems funny to me how all these analysis are only concerned with “how much money do we get”.....never who they are taking it from or the hardship imposed by it. At least Trump gets something out of the hedgefund guys who currently skate and imposes NO taxes on lower income folks...and rightly states it costs more to collect the tax than it is worth.