The boy done lost his mind.
He has said this many times before, so it shouldn’t be a surprise. When politicians say, ‘tax the rich,’ they mean, ‘tax the middle class.’
So many people have been hoodwinked by this jackass. I’m about 90% below the income tax threshold myself, but got to snicker at the rich dupes who’ve been pushing this guy. Now you see the Real Trump ™
His proposed tax brackets are far lower than the existing ones. He actually has a formal policy statement about this.
What he is referring to is nixing some of the loopholes in our Byzantine tax code (put in place by lobbyists in return for kickbacks to mostly Demscum politicians) that will result in the Uber-rich and their trust funds paying taxes like the rest of us — which will of course be an increase.
This isn’t rocket science....
The real Donald trump finally stands up I have said all along there is not a whit of difference between trump and hillary
Trump is pandering to the Bernie people who will be all pissed off when Hillary is nominated. Higher taxes on the rich and high tarrifs, right up any Socialists ally.
Still Trump supporters won’t care. The Donald is still their god.
What happens if there are no more rich? Which raises the question who is rich? How does one define rich? The term “rich” always ends up meaning Middle Class. The middle class is disappearing.
“Trump routinely makes clear that he isn’t familiar with his own positions.”
Someone needs to direct Trump to his own website, and then read his policy proposals to him.
“His stances aren’t rooted in conviction, coherent ideological underpinnings or governing philosophy. They “evolve” and morph depending on how Trump is feeling in any given moment. “
Hammer, meet nail.
I think the top rate on his website was 15%.
So what is his new high rate? 50%? A millionaires tax?
We know from states like NJ that a ‘millionaires tax ‘ ends being for incomes of 500K and lower— prompting people to move out.
10% wealth tax on assets for billionaires ? would he sell his buildings or pay in kind?
He is for ‘taxing the wealthy’ would be helpful if he tells us what he means, because I honestly dont know.
Hey are you smart? You do know the real wealthy do not pay “income’ taxes on their wealth because their lobbyists have manipulated the tax code definition of income to exclude the monetary vehicles the super rich use to handle their wealth. Like Hillary using her charity to buy their houses yachts, pay for trips etc. The way its set up the really rich do not have much “income” as the tax code defines it. Its in trusts, charities, foundations=, personal corporations etc.
The reason is they are the special interests who control the lobbyists who control people like Cruz. So I have no problem with making those who create the tax code loopholes to tax us but not them gets caught in their own arrangements.
Do you think its fair for you and me to pay taxes on our labor but people like Hillary do not have to count her hundreds of thousands of dollars in speaking fees as income thus not paying Income tax like we do?
Somebody like Bill Gates getting away with the 20% capital gains rate? Non issue. Next!
Why should I care about taxes on the rich?
In the past I was opposed to them, because the rich were supposed to be reinvesting that wealth back into the economy - low taxes were a win-win game for everyone.
But they haven’t actually been doing that. They’ve been hoarding wealth and not recycling it back into the economy. They broke the implied contract under which we stood up for their interests - they told us to go take a hike.
So let them be taxed. The government serves only them, and only they should pay for it while that is the case. I’m fully willing to throw them under the bus at this point in order to get something of value in return.
They’ve been driving that bus over us time and time again, circling around the block for extra passes, throwing it in reverse and drive and reverse again to flatten us to the greatest extent possible.
Why should the rich not be the exclusive source of funds for governments that serve only the rich? Let them pay for the maintenance of their own property. They bought it, they own it, and now they can pay for it.
yep, and a good way to do that is to implement an across the board 15% flat tax for EVERYBODY to include taxing dividends on all personal investments when those dividends are moved or distributed
Here’s how it works. The Congress proposes tax increases and the President signs off on them.
Now, if we have a Conservative Congress, they will look for spending cuts, not tax increases.
Trump has already indicated he’ll cut a few of the useless departments, ie EPA DOEd, etc.
This is just campaign talk.
Moving center left as many predicted...
Trump has his economic plan on his website. No reason to guess or make assumptions when it is in black and white. It has been out for quite awhile now.
Poor little Guy Benson, the Trump Troller.
Trump’s system is on his website and has been for months. It contains a higher upper bracket and a lower bracket for everyone else and a lower corporate bracket AND a one-time repatriation low tax to bring money back into the US without penalty.
“Tax the rich” is old hat. How about eliminating the loop holes or having a flat tax.