Trump tax plans could exempt 93 million Americans from income taxes

[Rawley]

MSN

Donald Trump's tax reform ideas could leave roughly 93.2 million Americans, or just under half of the U.S. electorate, off the hook for at least part of their income taxes.
Trump has proposed eliminating taxes on tips and Social Security benefits, and has also said he would think about exemptions for firefighters, police and military personnel.(and Veterans)
These exemptions are part of Trump's larger vision to transition away from the income tax system and replace it with the revenue he expects to generate from his hardline tariff proposals.

A couple of questions come to my mind.

First, those on the right often complain about people not paying any taxes, i.e. not having any skin in the game. How do you all feel about this?

Second, is the purpose of the hardline tariffs to bring jobs back or to create an non-ending alternative revenue stream for the government?

The top 50% of the country currently pay 97% of the income taxes. So I don't see much difference.

 

[candycorn]

What happened to Trump only gives the rich tax cuts?

The 93M is in addition to the top 1%.

 

[candycorn]

 

[ThisIsMe]

Foolishness. What do you propose gets cut and what do you replace the service with?

Anything that is not delegated as a power to the federal government by cotus gets cut. Federal government won’t need all that money, states can keep their money and implement programs at the local level based on the needs of their constituents.

 

[Seymour Flops]

Welfare for the Well-Off: How Business Subsidies Fleece Taxpayers​

Federal subsidies to U.S. businesses now cost American taxpayers nearly $100 billion a year. If all corporate welfare programs were eliminated, Congress would have enough money to entirely eliminate the capital gains tax and the death tax. Alternatively, Congress could cut the personal and corporate income tax by 10 percent across the board. Either of these alternatives would do far more to enhance the competitiveness of U.S. industry than the current industrial policy approach of trying to help American companies one at a time...

Corporate welfare has all the systemic debilitating effects, including dependency and self-destructive behavior, that characterized the troubled legacy of the Great Society social welfare agencies. Just as the social welfare state became a pernicious, self-perpetuating industry inside Washington, so it is today with the corporate welfare state.

Welfare for the Well-Off: How Business Subsidies Fleece Taxpayers

Federal subsidies to U.S. businesses now cost American taxpayers nearly $100 billion a year. If all corporate welfare programs were eliminated, Congress would have enough money to entirely eliminate the capital gains tax and the death tax. Alternatively, Congress could cut the personal and...

www.hoover.org

“The American government spends more on corporate welfare than it does on food stamps and financial assistance for needy families with children.”

https://discover.hubpages.com/politics/welfareinequality

The biggest dependent class are those who get corporate welfare. You make excuses for them.

I specifically said that they are part of the dependancy class. You are the dumbest liar on USMB, and you had to go some to earn that title.

 

[Maxdeath]

Foolishness. What do you propose gets cut and what do you replace the service with?

We could cut playing policeman for the world. We could pay as much into NATO and the U.N. As other countries. We could stop funding some of the ridiculous studies we do such as the mating happens of the Brazilian tree toad. We could stop funding contraceptions for South American nations.
We could even drop the salivary for representatives in Washington D.C. down to a more realistic level. If a representative has a million dollars or more personal wealth they are being paid way too much.
These are just a few of the things we could cut and not hurt any American.

 

[Beekeeper]

We could cut playing policeman for the world. We could pay as much into NATO and the U.N. As other countries. We could stop funding some of the ridiculous studies we do such as the mating happens of the Brazilian tree toad. We could stop funding contraceptions for South American nations.
We could even drop the salivary for representatives in Washington D.C. down to a more realistic level. If a representative has a million dollars or more personal wealth they are being paid way too much.
These are just a few of the things we could cut and not hurt any American.

Marxists are pro war. They will do anything to collapse the US.

 

[AzogtheDefiler]

MSN

Donald Trump's tax reform ideas could leave roughly 93.2 million Americans, or just under half of the U.S. electorate, off the hook for at least part of their income taxes.
Trump has proposed eliminating taxes on tips and Social Security benefits, and has also said he would think about exemptions for firefighters, police and military personnel.(and Veterans)
These exemptions are part of Trump's larger vision to transition away from the income tax system and replace it with the revenue he expects to generate from his hardline tariff proposals.

A couple of questions come to my mind.

First, those on the right often complain about people not paying any taxes, i.e. not having any skin in the game. How do you all feel about this?

Second, is the purpose of the hardline tariffs to bring jobs back or to create a non-ending alternative revenue stream for the government?

Could? Or would?

48% don’t pay taxes now

 

[AzogtheDefiler]

Trump is now ahead in the National Polls. Just saying

Good WSJ article on it