Economy
See other Economy Articles
Title: Donald Trump’s Plan for Your Taxes Might Be EXACTLY What He Needs to Win the White House
Source:
Conservative Tribune
URL Source: http://conservativetribune.com/dona ... tPapers&utm_content=2015-08-05
Published: Aug 11, 2015
Author: Not given
Post Date: 2015-08-11 12:01:16 by nativist nationalist
Keywords: None
Views: 1278
Comments: 6
The liberal media has been going absolutely berserk over Donald Trump’s remarks on immigration. However, they are ignoring his stances on other issues, some of which are very insightful. In his book, “Time to Get Tough: Making America #1 Again,” published in 2011, Donald Trump laid out a plan to transform America’s tax code, and it is beautiful. Trump’s code, which he calls the “1-5-10-15 income tax plan,” is a simplistic way to fix our nation’s broken taxation system, without putting the strain on any particular group of people. Under Trump’s tax plan, those making up to… $30,000 per year will pay 1 percent in federal income taxes $30,000 to $100,000 will pay 5 percent $100,000 to $1 million will pay 10 percent $1 million or above will pay 15 percent “It’s clear and fair,” wrote Trump on his tax plan. “Best of all, it can be filled out on the back of a postcard and will save Americans big bucks on accountants and massive amounts of time wasted attempting to decipher the tax code.” Trump also wrote, “Imagine your paycheck was 40 percent higher than it currently is. What could you do with 40 percent more wealth? How many jobs and opportunities for others could you create?” “The longer you really think about it the madder you will get,” he wrote, “especially when you consider the waste, fraud, and abuse the federal government traffics in as it inflicts its self-defeating policies on hard- working Americans.” Trump’s rhetoric on taxes continues to this day. On CBS’ “Face the Nation,” Trump stated that he tries to pay as little tax as possible. “I fight like hell to pay as little as possible, for two reasons. Number one, I am a businessman, and that’s the way you are supposed to do it. And you put the money back in your company and employees and all of that.” He also added, “But the other reason is that I hate the way our government spends our taxes. I hate the way they waste our money, trillions and trillions of dollars of waste and abuse. And I hate it.” (H/T WND) Trump’s proposed tax plan is fair and shows real promise at fixing what has arguably become America’s biggest headache. It doesn’t tax the poor to the point of bankruptcy, and it doesn’t punish the rich for being successful.
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: nativist nationalist (#0)
Does anyone know how much revenue that would raised? From what I've read, not even close to what we're raising now. And we're already running a $500 billion deficit.
Don't worry ;he has that covered too. He proposed a "wealth tax" of almost 15% on the net worth of people with assets over $10 million the last time he thought of running for President. He said he was being very fair because he would give them 10 years to liquify their assets so they would have the $$$$ . Give him a couple weeks and I'm sure he'll float a new tax plan ;and insult anyone who doesn't agree with it . Quis custodiet ipsos custodes?
Then it is time to slash unconstitutional, wasteful, and unnecessary spending, to the bone! Si vis pacem, para bellum
That's the thing. If we did that, no one would be clamoring to change the tax code.
That's the thing. If we did that, no one would be clamoring to change the tax code. Really?? I would love to be only paying 5%... Cut spending and it may end up there.
"Trump’s code, which he calls the “,” is a simplistic way to fix our nation’s broken taxation system"
#2. To: misterwhite (#1)
#3. To: misterwhite (#1)
" From what I've read, not even close to what we're raising now. And we're already running a $500 billion deficit. "
#4. To: Stoner (#3)
"Then it is time to slash unconstitutional, wasteful, and unnecessary spending, to the bone!"
#5. To: misterwhite (#4)
Then it is time to slash unconstitutional, wasteful, and unnecessary spending, to the bone!"
“Let me see which pig "DON'T" I want to vote for, the one with or without lipstick??" Hmmmmm...
#6. To: CZ82 (#5)
"Really?? I would love to be only paying 5%..."
Top • Page Up • Full Thread • Page Down • Bottom/Latest
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]