Trump lies shamelessly about his tax-cut plan.

Discussion in 'Politics' started by antontoo, Sep 28, 2017.

  1. antontoo
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    antontoo Gold Member

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    Claims that he, and other rich will not benefit from his tax-cut...while it does EVERYTHING to benefit them:

    1. removing inheritance tax.
    2. Removes Alternate Minimum tax
    3. pass through business income top bracket cut from 39 to just 20%
    4. Top personal income rate from 39 to 35%
    5. Corporate tax rate cut from 35% to 20%

    This all adds up to a HUGE TAX CUTS FOR THE RICH and Trump personally with not a single idea on how to pay for all that.

    And then he tops it off with "Belive me!"...what the fuck is wrong with him and how can his supporters stand by him when he pretty much spits in their face like that and calls them too stupid to know better.

    Analysis | Tax reform is ‘not good for me, believe me,’ Trump said. Don’t.
     
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    Last edited: Sep 28, 2017
  2. Xelor
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    Xelor Gold Member

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    The first lie regarding his so-called tax cut plan, last I checked, is that there even is a plan.
     
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  3. antontoo
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    antontoo Gold Member

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    It's funny to me that he spits at Trumpsters like that but I'm surprised to see that they find it funny too.
     
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    Last edited: Sep 28, 2017
  4. antontoo
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    antontoo Gold Member

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    Well whatever it is, it personally benefits Trump BIG LEAGUE while he says with a straight face that this is all about middle class and jobs.
     
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  5. Wry Catcher
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    Wry Catcher Platinum Member

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    Trump is a snake, his prey is the Middle Class and the Working Poor.
     
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  6. Conservative65
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    Conservative65 BANNED

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    Says the one that support social programs causing the poor to remain poor by taking away the incentive to do better.
     
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  7. Xelor
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    Xelor Gold Member

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    Whenever Trump has said "believe me," whatever he said it about has been anything but believable.
     
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  8. Xelor
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    Xelor Gold Member

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    No doubt about that.
    • Consider the removal of the AMT and the following: Trump paid $31 million in alternative minimum tax in 2005 — and now he plans to repeal it (FWIW, I wouldn't mind the AMT reduction for individual taxpayers having gross income of $750K or less)
    • Pass through marginal rate reduction combined with Trump's AMT elimination --> For people like Trump, this could essentially and literally bring their tax bill to $0.00, particularly if all the current exceptions and exemptions ("loopholes") remain in place.
    It's worth noting that Trump's rate reduction proposals are marginal rate reductions. Because they are marginal rate reductions, they are of no value to anyone whose effective tax rate is already below the relevant marginal rate.

    I discussed effective tax rates in one context or another a good deal on USMB. Some excerpts form those posts are below.
     
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  9. TroglocratsRdumb
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    TroglocratsRdumb VIP Member

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    Most Left Wing Losers are very envious of successful people who pay the taxes that support the welfare system
     
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    When the greedy corrupt Democratic Party gets everything their way they huge create ghettos.
     
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