Czernobog
Gold Member
Gee. Who woulda thunk it. Trump's proposed tax plan would reduce federal revenues by $9.5 trillion, over the next 10 years. Oh, and...uh....you know that $10 trillion debt increase that he is hammering Obama over? You know the one he claims he's gonna reduce, and make everybody rich while doing it? Yeah...this tax proposal, alone, is going to add $11.2 trillion to the national debt by 2026.
But, hey! It's tax cuts for everyone, right?!?! Wellll...yeah...but mostly for folks like the Trumps. The highest-income 1.0 percent would get an average tax cut of over $275,000 (17.5% of after-tax income), and the top 0.1 percent would get an average tax cut worth over $1.3 million, nearly 19% of after-tax income. By contrast, the lowest-income households would receive an average tax cut of $128, or 1% of after-tax income. Middle-income households would receive an average tax cut of about $2,700,or about 5% of after-tax income.
One. Fucking. Percent! That's the "YUGE" tax break that low-income families are gonna get. Aren't we impressed?!? And the working class families that Trump insists he is the "voice" for? 5%. Now, the Trumps, and their ilk? A 17% tax cut! So, the rich guy is proposing a tax plan that give "yuge" benefits to himself, and all his rich friends, while throwing a few obligatory table scraps at the plebs. And, to do this he's going to increase the national debt. Of course he is. Why should he care? He'll just have the US government "declare bankruptcy", right? What could possibly go wrong with that?
And that's just the income taxes. I haven't even mentioned the $7.1 billion more that the Trump kids get to pocket, when the estate tax is eliminated.
Yeah...I have no doubt that Trump wants to "make America great again". The question is, for whom?!?! Certainly doesn't appear to be for the working class. But, he's gonna be "our voice", right?
Now, of course, there's gonna be all the deflection to "But Hillary's a LIAR! And a CROOK! And a blah...blah...blah..."
Guess what? I don't care about the politics of personality, any more. I don't care who's a bigger crook. I don't care who's a worse liar. I don't care who's hated more. All I care about is who's going to do what when they get to the White House.
And here's at least part of what Donald J. Trump is gonna do: Cost the government trillions in revenue, raise the debt trillions, give all of his fat cat friends massive tax cuts, and throw a few table scraps at the rest of us.
But, hey! It's tax cuts for everyone, right?!?! Wellll...yeah...but mostly for folks like the Trumps. The highest-income 1.0 percent would get an average tax cut of over $275,000 (17.5% of after-tax income), and the top 0.1 percent would get an average tax cut worth over $1.3 million, nearly 19% of after-tax income. By contrast, the lowest-income households would receive an average tax cut of $128, or 1% of after-tax income. Middle-income households would receive an average tax cut of about $2,700,or about 5% of after-tax income.
One. Fucking. Percent! That's the "YUGE" tax break that low-income families are gonna get. Aren't we impressed?!? And the working class families that Trump insists he is the "voice" for? 5%. Now, the Trumps, and their ilk? A 17% tax cut! So, the rich guy is proposing a tax plan that give "yuge" benefits to himself, and all his rich friends, while throwing a few obligatory table scraps at the plebs. And, to do this he's going to increase the national debt. Of course he is. Why should he care? He'll just have the US government "declare bankruptcy", right? What could possibly go wrong with that?
And that's just the income taxes. I haven't even mentioned the $7.1 billion more that the Trump kids get to pocket, when the estate tax is eliminated.
Yeah...I have no doubt that Trump wants to "make America great again". The question is, for whom?!?! Certainly doesn't appear to be for the working class. But, he's gonna be "our voice", right?
Now, of course, there's gonna be all the deflection to "But Hillary's a LIAR! And a CROOK! And a blah...blah...blah..."
Guess what? I don't care about the politics of personality, any more. I don't care who's a bigger crook. I don't care who's a worse liar. I don't care who's hated more. All I care about is who's going to do what when they get to the White House.
And here's at least part of what Donald J. Trump is gonna do: Cost the government trillions in revenue, raise the debt trillions, give all of his fat cat friends massive tax cuts, and throw a few table scraps at the rest of us.