Trump Wants No Tax For Americans Making Less Than $150,000 A Year

[Dr.Destructo]

The problem with your numbers is that overall tax revenues would plummet, and drive our deficit even higher. But the concept is good - we’d just need higher rates across the Board, which I’ve added to your post above.

P.S. I have also added in 1% for those under 50k. Everyone should have skin in the game, and $400 for someone earning $40000 is very reasonable.

Don't need higher rates.............just lower politicians wages and benefits, and restrict them from doing anything while in office that would personally make them more money. Polticians needs a ONE WAGE all across the board. NO RAISES, NO PERKS, NO BONUSES, and NO MORE SERVING than 5 years.

 

[dblack]

Don't need higher rates.............just lower politicians wages and benefits, and restrict them from doing anything while in office that would personally make them more money. Polticians needs a ONE WAGE all across the board. NO RAISES, NO PERKS, NO BONUSES, and NO MORE SERVING than 5 years.

Are saying they'd have to live solely on sponsorships?

 

[jc456]

Yeah. Where's my free shit!?!

talk to those giving away free shit, demofks. They buy votes, no one else.

 

[Dr.Destructo]

Are saying they'd have to live solely on sponsorships?

Thats not what I said.

They get a ONE WAGE paycheck. They can live on it, or find another line of work.

 

[dblack]

Thats not what I said.

They get a ONE WAGE paycheck. They can live on it, or find another line of work.

My point was that their salary is a drop in the bucket. Lots of other kinds of compensation involved.

 

[Toddsterpatriot]

Nope. But i am entitled to point out failures in our nation that need to be fixed. Does that make me a traitor or something?

Just a typical lefty whiner.

 

[John Edgar Slow Horses]

Just a typical lefty whiner.

You are the whiner if you criticize good advice. Stop whining, Toddsternonpatriot.

 

[Dr.Destructo]

My point was that their salary is a drop in the bucket. Lots of other kinds of compensation involved.

And thats why I said it ALL needs to be RESTRICTED.

Politicians need to be on a tight leash, and muzzled. NOT WE THE PEOPLE.

 

[Admiral Rockwell Tory]

I would rather see a flat tax on personal income and a flat tax on corporate income with no deductions, but this would certainly be better than the current code and I would support it, but don't hold your breath. It's unlikely to happen. If it's actually proposed, it will be interesting to see who stands against it and why.

Corporations don't pay taxes. All you would do is fuel inflation, making your $150,000 tax free essentially worthless.

 

[Toddsterpatriot]

You are the whiner if you criticize good advice. Stop whining, Toddsternonpatriot.

When was the last time a leftard had any good advice?

 

[Cassandro]

Corporations don't pay taxes. All you would do is fuel inflation, making your $150,000 tax free essentially worthless.

1. Technically, corporations pay taxes on net income (after expenses/deductions) rather than gross income.
2. A person making $150,000 would still pay Social Security and a raft of other taxes.
3. Trump's plan would replace income taxes with other sources of revenue (e.g., tariffs, excise taxes, etc.).

 

[Dr.Destructo]

Corporations don't pay taxes. All you would do is fuel inflation, making your $150,000 tax free essentially worthless.

They are SUPPOSED to pay taxes, but yes, I know they get out of paying them.
The whole process needs retstructuring.

And no, it wouldn't fuel inflation.

 

[initforme]

Just a typical lefty whiner.

Didnt cast a vote in thd last election. The nation failed to provide me someone i can support.

 

[Dr.Destructo]

Didnt cast a vote in thd last election. The nation failed to provide me someone i can support.

Thats why you can write your own nominee in.
We all get a write in vote if we don't like the listed choices.

I've used my write in vote many times since I got to voting age!!!

 

[dblack]

And thats why I said it ALL needs to be RESTRICTED.

Good luck with that. As long as Congress can make or break businesses via regulatory whim, they'll find a way to hook up.

What needs to be restricted is the power of Congress to play all these games in the first place.

 

[jc456]

They are SUPPOSED to pay taxes, but yes, I know they get out of paying them.
The whole process needs retstructuring.

And no, it wouldn't fuel inflation.

Don’t want jobs, follow your advice

 

[jc456]

Good luck with that. As long as Congress can make or break businesses via regulatory whim, they'll find a way to hook up.

What needs to be restricted is the power of Congress to play all these games in the first place.

Corporations must provide the number of workers they will employ to get their breaks. They pay the corporation taxes.

 

[Admiral Rockwell Tory]

1. Technically, corporations pay taxes on net income (after expenses/deductions) rather than gross income.
2. A person making $150,000 would still pay Social Security and a raft of other taxes.
3. Trump's plan would replace income taxes with other sources of revenue (e.g., tariffs, excise taxes, etc.).

When corporations raise prices to recoup profits lost by tax outlays, inflation will destroy any advantage gained. That is why you don't raise corporate taxes because they are the employers and set pricing.

 

[Admiral Rockwell Tory]

They are SUPPOSED to pay taxes, but yes, I know they get out of paying them.
The whole process needs retstructuring.

And no, it wouldn't fuel inflation.

You can't come up with a plan. It is impossible to do. Raising prices is inflation, duh!

 

[Dr.Destructo]

When corporations raise prices to recoup profits lost by tax outlays, inflation will destroy any advantage gained. That is why you don't raise corporate taxes because they are the employers and set pricing.

This Communistic look on corporations needs to be obliterated.

They've had their free reign for far too long, and have destroyed our society, commercialism, and business ethics.

ALL companies, businesses, and corporations should be forced by federal law to do business they CORRECT way that it used to be done.