Trump lies shamelessly about his tax-cut plan.

[NYcarbineer]

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.

But it benefits the majority of the middle class...

As long as I get mine, I could care less who else benefits

-Geaux

You do realise that giving tax cuts while driving up the national debt has consequences that aren't beneficial to you?
8. United States of America

• National Debt: $19.23 trillion (USD)
• Debt per Capita: $61,231 (USD)
• Debt-to-GDP Ratio: 106.1%
• Population: 324.35 million
• Currency: US Dollar

The United States is the world’s largest economy and it also has the highest level of national debt. While its national debt levels exceed the country’s GDP in 2017, in 2007, the U.S. debt-to-GDP ratio was at just 62.5%. The U.S. government spends around 6% of its annual budget just repaying the interest payments on its debt, which significantly reduces the amount of money available to pay for other programs. In order to repay such a massive debt, the government could decrease spending, which could impede economic growth, or increase taxes to raise revenue.
So you might not care who benefits from tax cuts, but maybe you should. I personally don't think it a bad idea to tax people who can afford to pay the increase.

After 8 years of Obama, I'm immune to increases of the debt. In this case, its for a good cause.

-Geaux

Now that is one classic RWnut flip flop.

 

[NYcarbineer]

Trump wants a plan that lowers his taxes.

Here's the question:

whose taxes should be raised to replace the revenue lost when Trump's taxes go down?

 

[mudwhistle]

For 2017, the estate and gift tax exemption is $5.49 million per individual, up from $5.45 million in 2016. That means an individual can leave $5.49 million to heirs and pay no federal estate or gift tax.Oct 25, 2016

Inheritance taxes don't just effect the rich. They effect everyone who owns property. Unless you don't have a pot to piss in, which means you're probably on welfare and don't pay taxes anyway.

Yep, as usual Muddy is full of bull-Looney!

It comes from followinfg the tweets of somebody who has $4 billion to leave to his kids. So his tax plan is all about cutting his own taxes.

That's a lie. The worst inheritance tax is a state tax. The feds have no say on that. Also, putting money in blind trusts and Corporations is a good way to go around it.
It's easy to dream up criticism of any plan when you don't have one yourself.

 

[mudwhistle]

I've always been a flat tax fan. It should be equal across the board.

So you believe if somebody makes a dollar, he should send a dime to the feds?

He and others like him are challenged by arithmetic.

Yep, like your belief that what we earn doesn't belong to us. It belongs to government.

 

[radical right]

That's a lie. The worst inheritance tax is a state tax. The feds have no say on that..

Trumps tax plan won't change that. Why didn't you lead with that?

 

[radical right]

Yep, like your belief that what we earn doesn't belong to us. It belongs to government.

"Render unto Caesar the things that are Caesar's, and unto God the things that are God's"- Mark 12:17

 

[mudwhistle]

Inheritance taxes don't just effect the rich. They effect everyone who owns property. Unless you don't have a pot to piss in, which means you're probably on welfare and don't pay taxes anyway.

For 2017, the estate and gift tax exemption is $5.49 million per individual, up from $5.45 million in 2016. That means an individual can leave $5.49 million to heirs and pay no federal estate or gift tax.Oct 25, 2016

$5.49 million isn't much in California. That's one big house or an apartment complex. I lived in a house that's worth $600k. It was a 3 bedroom stucco shack. All of my properties put together are worth $4 million in TN but worth 4 times that amount in California, Colorado, and New York. To a farmer who owns a 1000 acres of farmland $5.49 million is no consolation. If you wonder why most kids sell their parents farmland when they inherent it, it's to pay the taxes, state and federal. They work all of their lives to take care of their land and the government takes it from them when their parents die.

 

[mudwhistle]

Yep, like your belief that what we earn doesn't belong to us. It belongs to government.

"Render unto Caesar the things that are Caesar's, and unto God the things that are God's"- Mark 12:17

Fuck you.
Our Government isn't Caesar.

 

[mudwhistle]

That's a lie. The worst inheritance tax is a state tax. The feds have no say on that..

Trumps tax plan won't change that. Why didn't you lead with that?

?

I'm not here to educate you.

 

[radical right]

That means an individual can leave $5.49 million to heirs and pay no federal estate or gift tax.Oct 25, 2016

$5.49 million isn't much in California.

All of my properties put together are worth $4 million in TN

Yet you said,

Inheritance taxes don't just effect the rich. They effect everyone who owns property. Unless you don't have a pot to piss in, which means you're probably on welfare and don't pay taxes anyway.

You own a shitload of property in TN, and it doesn't effect you.

Are you ready to retract that claim? And say you're sorry

 

[nat4900]

oh no. someone else may not pay as much tax as I think they should. my world is going to end. it's all just so unfair.

Mike does not mind bending over.......once again; by now, it probably "feels good" to the moron.

 

[Winston]

Nothing to do with your thinking, everything to do disastrous fiscal policies and shameless way Trump lies on the daily basis

Fiscal irresponsibility isn't stealing more. It's spending too much.

So go ahead and cut the spending to PAY FOR the revenue cuts proposed.

Trump's proposes NOTHING of the sort and these cuts coming at a time of blowing up deficits and debt are blatantly fiscally irresponsible.

Every time taxes get cut the tax revenue actually goes up. Then those jack offs spend even more. There needs to be a balanced budget amendment.

Blatant falsehood.

Tax cuts at current rates do exactly what common sense tells you they do: People pay less tax, government collects less revenues, it's really not that complicated.

Politico rightwingers try to confuse the issue by pointing to long term nominal, un-adjusted for normal growth and inflation, revenue numbers, but there is no free lunch here, just cranks and charlatans misinforming you, as even conservative economists will explain.

Nope. It happens every time. Lower taxes grow the economy and revenues increase. If what you're trying to say we're true we would all pay 80% in taxes and be living in paradise.

 

[Winston]

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

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

I do support social programs; you are simply echoing the Right Wing / Callous Conservative meme that they are not only not effective, but that they hurt those the policies were developed to aid.

That's one of the many BIG LIES echoed by the naive and the biddable.

I bet you believe the Republican tax "reform" bill aids the middle class and not the wealthiest Americans.

Americans should have no fear about Communism or Terrorists anymore than they do about stupid people like you voting for self serving pols like Ryan, Trump, McConnell and Tea Party / Freedom Party Caucus Members.

Trickle down never aided the many, and austerity never cured an economic crisis.

we don't. so what are you going to do when you don't have the power to do anything? think I should do what you like? hahahahaahaha you are truly silly.

Of course you believe I'm silly, from your level of intelligence I suspect you think a shark attack or a plane crash is silly.

You're the kind that thinks giving someone through social welfare something they didn't earn and at a level more than they could if they worked is an incentive for them to get a job.

You're the kind that thought Obama being black was a qualification.

You're the last one to talk about low intelligence.

A single mother that works at Walmart making twenty grand a year gets the EITC, a child care tax credit, and food stamps. She does not want to work additional hours, she does not want to advance and the reason has nothing to do with her GETTING THOSE BENEFITS. The problem, for every additional dollar she could make she pays taxes and she loses benefits. When the dust settles, well she gets to keep FIFTEEN FAWKING CENTS on the dollar. That's an 85% marginal tax rate.

So here is the deal, if you expect those single mothers to "pull themselves up by their bootstraps" while facing an 85% marginal tax rate then you should have no problem whatsoever with a 45% tax rate for the wealthy.

 

[Winston]

Nothing to do with your thinking, everything to do disastrous fiscal policies and shameless way Trump lies on the daily basis

Fiscal irresponsibility isn't stealing more. It's spending too much.

So go ahead and cut the spending to PAY FOR the revenue cuts proposed.

Trump's proposes NOTHING of the sort and these cuts coming at a time of blowing up deficits and debt are blatantly fiscally irresponsible.

Every time taxes get cut the tax revenue actually goes up. Then those jack offs spend even more. There needs to be a balanced budget amendment.

Revenues are just as likely to go up when taxes are raised.

How? Taxing something sells less of them. How the hell does that raise revenue?

I see you failed both algebra and geometry. If the increase in tax generates greater revenue than the decline in sales you get more money.

 

[MarkDuffy]

Fiscal irresponsibility isn't stealing more. It's spending too much.

So go ahead and cut the spending to PAY FOR the revenue cuts proposed.

Trump's proposes NOTHING of the sort and these cuts coming at a time of blowing up deficits and debt are blatantly fiscally irresponsible.

Every time taxes get cut the tax revenue actually goes up. Then those jack offs spend even more. There needs to be a balanced budget amendment.

Blatant falsehood.

Tax cuts at current rates do exactly what common sense tells you they do: People pay less tax, government collects less revenues, it's really not that complicated.

Politico rightwingers try to confuse the issue by pointing to long term nominal, un-adjusted for normal growth and inflation, revenue numbers, but there is no free lunch here, just cranks and charlatans misinforming you, as even conservative economists will explain.

Nope. It happens every time. Lower taxes grow the economy and revenues increase. If what you're trying to say we're true we would all pay 80% in taxes and be living in paradise.

So the tax rate on the rich and corporations should be 50%

 

[Winston]

The American people have already paid all taxes due on their estates, so keep your greedy mooching paws off the people's wealth.

How's it going to help you .. are you leaving over $5 million? That's the only way it could concern you.

What does it matter to you? Why the random 5 million? What makes you think that's some magical number that after that the government deserves? How about we set the limit to something you can afford. Let's say anything over 100k. Why not right? Some will never get to pass on that amount so it seems fair.

Who pays the estate tax?

The Tax Policy Center estimates that some 11,310 individuals dying in 2017 will leave estates large enough to require filing an estate tax return (estates with a gross value under $5.49 million need not file this return in 2017). After allowing for deductions and credits, 5,460 estates will owe tax. Over two-thirds of these taxable estates will come from the top 10 percent of income earners and close to one-fourth will come from the top 1 percent alone.

So they should be punished by an estate tax? Go ahead explain why wealth that was already taxed should be unfairly taxed a 2nd time, you can't.

Most of the value of estates subject to the estate tax are capital gains that have not been taxed. And current law includes a "step-up" that allows the heirs to avoid the payment of taxes on those capital gains by having the cost basis of that capital "stepped up" to it's current market value. The classic example, George Steinbrenner and the New York Yankees. George died in 2010, a unique year that allowed his family to choose between paying the estate tax and getting the step-up or losing the step-up and eliminating the estate tax. With a close two ONE BILLION DOLLAR capital gain in regards to the Yankees it was a no-brainer. They paid the estate taxes.

Now here is the real kicker. Less than six thousand estates were subject to the estate tax last year. But millions, probably tens of millions of individuals benefited from the step-up. When the estate tax is eliminated the step up is eliminated as well. So when you inherit your parents home,that they paid twenty thousand dollars for sixty years ago and it is worth three hundred and twenty thousand dollars now, you will be facing a capital gains tax on three hundred thousand dollars when and if you sell the home. This proposal absolutely DESTROYS the middle class. You best wake up and smell the coffee.

 

[Wry Catcher]

So go ahead and cut the spending to PAY FOR the revenue cuts proposed.

Trump's proposes NOTHING of the sort and these cuts coming at a time of blowing up deficits and debt are blatantly fiscally irresponsible.

Every time taxes get cut the tax revenue actually goes up. Then those jack offs spend even more. There needs to be a balanced budget amendment.

Blatant falsehood.

Tax cuts at current rates do exactly what common sense tells you they do: People pay less tax, government collects less revenues, it's really not that complicated.

Politico rightwingers try to confuse the issue by pointing to long term nominal, un-adjusted for normal growth and inflation, revenue numbers, but there is no free lunch here, just cranks and charlatans misinforming you, as even conservative economists will explain.

Nope. It happens every time. Lower taxes grow the economy and revenues increase. If what you're trying to say we're true we would all pay 80% in taxes and be living in paradise.

So the tax rate on the rich and corporations should be 50%

The Sim City Planning Guide: Ideal SimCity Tax Rates

 

[Winston]

So go ahead and cut the spending to PAY FOR the revenue cuts proposed.

Trump's proposes NOTHING of the sort and these cuts coming at a time of blowing up deficits and debt are blatantly fiscally irresponsible.

Every time taxes get cut the tax revenue actually goes up. Then those jack offs spend even more. There needs to be a balanced budget amendment.

Blatant falsehood.

Tax cuts at current rates do exactly what common sense tells you they do: People pay less tax, government collects less revenues, it's really not that complicated.

Politico rightwingers try to confuse the issue by pointing to long term nominal, un-adjusted for normal growth and inflation, revenue numbers, but there is no free lunch here, just cranks and charlatans misinforming you, as even conservative economists will explain.

Nope. It happens every time. Lower taxes grow the economy and revenues increase. If what you're trying to say we're true we would all pay 80% in taxes and be living in paradise.

So the tax rate on the rich and corporations should be 50%

 

[Winston]

So go ahead and cut the spending to PAY FOR the revenue cuts proposed.

Trump's proposes NOTHING of the sort and these cuts coming at a time of blowing up deficits and debt are blatantly fiscally irresponsible.

Every time taxes get cut the tax revenue actually goes up. Then those jack offs spend even more. There needs to be a balanced budget amendment.

Blatant falsehood.

Tax cuts at current rates do exactly what common sense tells you they do: People pay less tax, government collects less revenues, it's really not that complicated.

Politico rightwingers try to confuse the issue by pointing to long term nominal, un-adjusted for normal growth and inflation, revenue numbers, but there is no free lunch here, just cranks and charlatans misinforming you, as even conservative economists will explain.

Nope. It happens every time. Lower taxes grow the economy and revenues increase. If what you're trying to say we're true we would all pay 80% in taxes and be living in paradise.

So the tax rate on the rich and corporations should be 50%

Why yes, based on the graph I posted. Most economists contend that the peak of the Laffer curve is somewhere NORTH of fifty percent. Most certainly, it is not anywhere even close to the current top income tax rates or the corporate tax rate, which in and of itself is an illusion. Hardly any corporation pays a thirty five percent tax rate.

 

[BrokeLoser]

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

I do support social programs; you are simply echoing the Right Wing / Callous Conservative meme that they are not only not effective, but that they hurt those the policies were developed to aid.

That's one of the many BIG LIES echoed by the naive and the biddable.

I bet you believe the Republican tax "reform" bill aids the middle class and not the wealthiest Americans.

Americans should have no fear about Communism or Terrorists anymore than they do about stupid people like you voting for self serving pols like Ryan, Trump, McConnell and Tea Party / Freedom Party Caucus Members.

Trickle down never aided the many, and austerity never cured an economic crisis.

we don't. so what are you going to do when you don't have the power to do anything? think I should do what you like? hahahahaahaha you are truly silly.

Of course you believe I'm silly, from your level of intelligence I suspect you think a shark attack or a plane crash is silly.

You're the kind that thinks giving someone through social welfare something they didn't earn and at a level more than they could if they worked is an incentive for them to get a job.

You're the kind that thought Obama being black was a qualification.

You're the last one to talk about low intelligence.

A single mother that works at Walmart making twenty grand a year gets the EITC, a child care tax credit, and food stamps. She does not want to work additional hours, she does not want to advance and the reason has nothing to do with her GETTING THOSE BENEFITS. The problem, for every additional dollar she could make she pays taxes and she loses benefits. When the dust settles, well she gets to keep FIFTEEN FAWKING CENTS on the dollar. That's an 85% marginal tax rate.

So here is the deal, if you expect those single mothers to "pull themselves up by their bootstraps" while facing an 85% marginal tax rate then you should have no problem whatsoever with a 45% tax rate for the wealthy.

Feeble attempt bud....You're either desperately confused and self manipulated or you're just plain stupid.
You describe problems within our welfare system...this has little to do with tax code....but you're kinda right....Guadalupe and ShaQuita with four babies and three baby daddy's should not receive the amount of welfare benefits they do as there is no incentive for them to work more and earn more through employment. Can't wait for Donny T to get in there and start his welfare reform...it's gonna get good...grab your popcorn....haha