Why Trump's "tax reform" is bound to fail.......

Discussion in 'Politics' started by nat4900, Oct 18, 2017.

  1. nat4900
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    nat4900 Platinum Member

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    Trump is either an idiot (a foregone assessment, actually) or just another liar that has wandered into the oval office.

    What needs to be considered is this.........

    • Virtually NONE of the large conglomerates are paying the high tax rate, given the countless LOOPHOLES that lobbyists bribed elected nitwits to pass........Tax attorneys are the HIGHEST paid of all other lawyers....
    • Given that the stock market is going through the roof, THAT means that conglomerates are reaping in the billions anyway......If morons "thought: that given them MORE money would create jobs and raise wages, THEY ARE WRONG......
    • Since ANY tax break given to the middle class is readily thrown back into the marketplace, and since the middle class is schedule under Trump's tax plan to receive ONLY about 15%, demand for goods and services will NOT rise, therefore not prompting any job growth NOR raises in wages.
    Conversely, if NO tax reform is realized by this keystone-kops administration, the stock market bubble may BURST.....

    The much better tax reform would be realized IF the middle class (families that make $250K or less per year) was given the BULK of the tax breaks.
     
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  2. g5000
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    g5000 Diamond Member

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    There should be NO tax breaks. None. Zip. Zilch.

    But yes, lobbyists have bribed our American Politboro to preserve their tax breaks. The lower corporate tax rate will add to our national debt.
     
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  3. nat4900
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    nat4900 Platinum Member

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    Agreed, BUT if no tax breaks will be realized, expect the Wall Street bubble to burst....
     
  4. Harry Dresden
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    Harry Dresden Adamantium Member Supporting Member

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    nat what is your financial background that i should listen to you?....
     
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  5. nat4900
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    nat4900 Platinum Member

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    If you agreed with me, we would both be wrong......So, thanks......LOL
     
  6. Siete
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    Siete Gold Member

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    what the hell is wrong with Trumps tax plan ?

    It adds $5 TRILLION to our debt. Every hard core conservative loves the plan, it's perfect!
     
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  7. nat4900
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    nat4900 Platinum Member

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    BTW, eliminating the state and local deductions CLEARLY means that every middle class family will pay an ADDITIONAL $2,000 in taxes.
     
  8. nat4900
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    nat4900 Platinum Member

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    For those right wing morons who will cite "Reagan's tax cuts," REMEMBER that later on in his administration, Reagan had to RAISE taxes several times because the deficit was skyrocketing.
     
  9. Toddsterpatriot
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    Toddsterpatriot Platinum Member

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    every middle class family will pay an ADDITIONAL $2,000 in taxes.

    What's your income range for middle class?
     
  10. nat4900
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    nat4900 Platinum Member

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    $250K or less.........Thanks for the bump......
     

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