Comments 1 - 2 of 2        Search these comments

1   Tenpoundbass   2016 Sep 18, 4:07pm  

The Presidential campaign of Republican nominee Donald Trump was marred by infighting earlier today, with 2016 Trump ripping the tax proposal set forth by 2015 Trump, alleging that the plan favored the rich, unfairly benefitted big business, and recklessly added trillions to the deficit.

“Sad,” 2016 Trump added.

OK, fine…that didn’t happen, but would it really surprise you if it had? And more importantly, it certainly could have happened, given how dramatically Trump revamped his previous tax proposals earlier today. Let’s take a look at some of the new aspects of the plan, and how they compare to those set forth by 2015 Trump.

Republican presidential candidate Donald Trump gives a speech on September 28, 2015 in New York City announcing his first tax plan, with a now gone 0% rate at teh bottom. (Photo by Andrew Burton/Getty Images)

Tax Rates

2015 Trump:

Ordinary Income Capital Gains Single Filers Married Filers
0% 0% $0 to $25,000 $0 to $50,000
10% 0% $25,000 to $50,000 $50,000 to $100,000
20% 15% $50,000 to $150,000 $100,000 to $300,000
25% 20% $150,000 and up $300,000 and up

2016 Trump:
Ordinary Income Capital Gains Single Filers Married Filers
12% 12% $0 to $37,500 $0 to $75,000
25% 20% $37,500 to $112,500 $75,000 to $225,000
33% 20% $112,500 and up $225,000 and up

Looks like he had a look at the employment numbers and there just wasn't enough $50K+ earners you wipe out 70% of your whole tax payer base.
That 25% braket now at 37K will generate more revenue than 20% at 50K.
His 2015 plan will be doable when the Ecconomy starts roaring.

2   FNWGMOBDVZXDNW   2016 Sep 18, 5:06pm  

Tenpoundbass says

His 2015 plan will be doable when the Ecconomy starts roaring.

The economy and jobs report are better than they were in 2015, so if the economy isn't moving fast enough for it now, it made less sense then. His 2015 tax plan was the stuff of fantasy. His new one would reverse all of Obama's progress on the deficit and put us on the fast track to insolvency. That's OK in his mind, b/c he'll just declare bankruptcy and restructure. He's such an economic ignoramus douche.

Why is Trump making huge policy and rhetoric changes 6 weeks before the election, I wonder? Reaching out for the middle, it looks like.

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions