- SpeedRacerXXX
- 04-28-2017, 01:36 PM
I wouldn't worry about the "proposed" tax plan. It will not be anything like the 4 bullets currently released. I will guarantee you one thing -- any tax reform will favor the wealthy more than the middle income.
- LexusLover
- 04-28-2017, 01:58 PM
- WTF
- 04-28-2017, 02:02 PM
You mean...more income inequity?
Trump on the campaign trail said the rich would be paying more.
Has he flipped flopped yet again?
http://www.msn.com/en-us/news/factch...z&ocid=U221DHP
.We are going to cut taxes for businesses to make them competitive and we're going to cut taxes for the American people, especially low- and middle-income families," Cohn said.
Based on the outline, there's every reason to believe the wealthiest people in the United States will receive the biggest cuts under Trump's plan, though many low- and middle-income families would benefit, too.
The lack of specifics makes it hard to say precisely how the cuts would be distributed. But the plan is similar in outline to Trump's campaign proposal, which would have given nearly half its benefits to the wealthiest 1 percent of Americans, while middle-income households would have received barely 7 percent of the cuts.
The White House is also proposing to eliminate the estate tax and alternative minimum tax, both of which primarily impact upper-income Americans. The AMT is a separate tax calculation intended to ensure that richer people don't avoid paying most or all of their taxes by claiming multiple deductions and credits. In 2005, Trump himself paid $36.5 million in taxes, mostly because of the AMT. Without it, he would have paid just $5.5 million, according to a leaked copy of that year's return.
Trump on the campaign trail said the rich would be paying more.
Has he flipped flopped yet again?
http://www.msn.com/en-us/news/factch...z&ocid=U221DHP
.We are going to cut taxes for businesses to make them competitive and we're going to cut taxes for the American people, especially low- and middle-income families," Cohn said.
Based on the outline, there's every reason to believe the wealthiest people in the United States will receive the biggest cuts under Trump's plan, though many low- and middle-income families would benefit, too.
The lack of specifics makes it hard to say precisely how the cuts would be distributed. But the plan is similar in outline to Trump's campaign proposal, which would have given nearly half its benefits to the wealthiest 1 percent of Americans, while middle-income households would have received barely 7 percent of the cuts.
The White House is also proposing to eliminate the estate tax and alternative minimum tax, both of which primarily impact upper-income Americans. The AMT is a separate tax calculation intended to ensure that richer people don't avoid paying most or all of their taxes by claiming multiple deductions and credits. In 2005, Trump himself paid $36.5 million in taxes, mostly because of the AMT. Without it, he would have paid just $5.5 million, according to a leaked copy of that year's return.
- gnadfly
- 04-28-2017, 02:10 PM
- LexusLover
- 04-28-2017, 02:18 PM