We are already getting "Fact Checking" from Trump's nasty tax plan, and it's hilarious!

[deanrd]

Donald Trump's Pants on Fire claim about the estate tax

Ending the estate tax would "protect millions of small businesses and the American farmer."
Indianapolis – Wednesday, September 27, 2017

This is my favorite part:

The center projected that only about 80 small farms and closely held businesses would pay any estate tax in 2017. That would amount to about 1 percent of all payers of the estate tax that year. And the estate tax revenue from small businesses and farms, the center said, would amount to fifteen-hundredths of 1 percent of the total paid under the estate tax in 2017.

So, getting rid of the estate tax would hardly "protect millions of small businesses and the American farmer," as Trump put it.

-----------------

Did you get that? Not "millions". But "80". Not 80 million. Not 80 thousand.

But

1.2.3.4.5.........77.78.79.80

Eighty

Eight Zero

80

Not millions.

But Eighty.

Hilarious!

 

[Sunni Man]

 

[P F Tinmore]

"If you give the rich more money they will create more Jobs."

Look at the stats. The income and wealth at the top has been skyrocketing for decades.

If that old canard was true, we should be up to our ears in jobs.

Unfortunately, it is just BS.

 

[deanrd]

I guess we'll just have to see, won't we?

 

[my2¢]

Per Washington Post:

The Tax Policy Center estimates that the estate executors for only 11,000 people who die in 2017 will end up having to file for the estate tax and that only 5,200 of them will end up having to pay anything.

Analysis | Here’s how many people have to pay the estate tax that Trump wants to dump

 

[Hutch Starskey]

Donald Trump's Pants on Fire claim about the estate tax

Ending the estate tax would "protect millions of small businesses and the American farmer."
Indianapolis – Wednesday, September 27, 2017

This is my favorite part:

The center projected that only about 80 small farms and closely held businesses would pay any estate tax in 2017. That would amount to about 1 percent of all payers of the estate tax that year. And the estate tax revenue from small businesses and farms, the center said, would amount to fifteen-hundredths of 1 percent of the total paid under the estate tax in 2017.

So, getting rid of the estate tax would hardly "protect millions of small businesses and the American farmer," as Trump put it.

-----------------

Did you get that? Not "millions". But "80". Not 80 million. Not 80 thousand.

But

1.2.3.4.5.........77.78.79.80

Eighty

Eight Zero

80

Not millions.

But Eighty.

Hilarious!

No one with any sense pays estate tax anyway.

 

[MarathonMike]

"If you give the rich more money they will create more Jobs."

Look at the stats. The income and wealth at the top has been skyrocketing for decades.

If that old canard was true, we should be up to our ears in jobs.

Unfortunately, it is just BS.

We are up to our ears in jobs. There are currently over 6 million open positions waiting for workers skilled enough to fill them. The job creation is happening we need to create workers.

 

[whitehall]

The U.S. lived through eight long years of an incoherent tax structure when the Hussein IRS was even used as a tool to punish political enemies. The U.S. GDP hovered around a 3rd world country during the Obama years. Is that what crazy democrats envisioned? Since Trump was elected America has enjoyed around 20% increase in the Dow in nine short months. The Trump administration has shown itself to be on top of the economic agenda but crazy incoherent leaderless left views important changes in the Tax structure as "hilarious". It's tempting to dismiss the the angry baseball team killing crazy leaderless left but we should never forget the hateful anarchists are far more dangerous than we ever thought.

 

[P F Tinmore]

"If you give the rich more money they will create more Jobs."

Look at the stats. The income and wealth at the top has been skyrocketing for decades.

If that old canard was true, we should be up to our ears in jobs.

Unfortunately, it is just BS.

We are up to our ears in jobs. There are currently over 6 million open positions waiting for workers skilled enough to fill them. The job creation is happening we need to create workers.

So where are those jobs and what are we doing to fill them?

 

[deanrd]

"If you give the rich more money they will create more Jobs."

Look at the stats. The income and wealth at the top has been skyrocketing for decades.

If that old canard was true, we should be up to our ears in jobs.

Unfortunately, it is just BS.

We are up to our ears in jobs. There are currently over 6 million open positions waiting for workers skilled enough to fill them. The job creation is happening we need to create workers.

So where are those jobs and what are we doing to fill them?

Ask the Republicans, they are in charge.

Job Openings and Labor Turnover Summary

 

[deanrd]

I just heard it explained that taxes would be cut 4.6% for the super rich and INCREASED 2% for the Trump base.

I guess we'll see.

 

[P F Tinmore]

 

[Care4all]

i heard on the news tonight that it really isn't Trump's plan, it's Ryan's and MCConnell's with some input from Trump's goldman sachs-ers...and when Trump saw it, he was not happy with parts of it...like he felt raising the poorest citizens tax rate by 2% points...from 10% to 12% while reducing the highest bracket from 39.5% down to 35%, by 4.5% points, did not look good and would cause problems...