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Trump Promises To Cut Middle-Class Taxes, Gets Carl Icahn Endorsement - Live Feed
Republican presidential nominee front-runner Donald Trump, amid massively variant poll numbers (Fox >40%, WSJ ~21%?), plans to unveil his tax plan today, that, as WSJ reports, would eliminate income taxes for millions of households, lower the tax rate on all businesses to 15% and change tax treatment of companies’ overseas earnings. Trumps's plan claims to bring "sanity, common sense and simplification to the nation's catastrophic tax code," and, despite plans to end "carried interest" tax breaks - most loved by hedge fund managers - Carl Icahn has come out and endorsed Trump as "the only candidate that speaks about the country's problems."
Mr Trump explains...
“My plan will bring sanity, common sense and simplification to our country’s catastrophic tax code,” Mr. Trump said in an interview with The Wall Street Journal. “It will create jobs and incentives of all kinds while simultaneously growing the economy.”
Under the Trump plan, no federal income tax would be levied against individuals earning less than $25,000 and married couples earning less than $50,000. The Trump campaign estimates that would reduce taxes to zero for 31 million households that currently pay at least some income tax. The highest individual income-tax rate would be 25%, compared with the current 39.6% rate.
Many middle-income households would have a lower tax rate under Mr. Trump’s proposal, but because high-income households generally pay income tax at much higher rates, his proposed across-the-board rate cut could have a positive impact on them, too. For example, an analysis of Jeb Bush’s plan—taxing individuals’ incomes at no more than 28%—by the business-backed Tax Foundation found that the biggest percentage winners in after-tax income would be the top 1% of earners.
Mr. Trump’s plan appears designed to help him, as the GOP front-runner, cement his standing as a populist—though that message is complicated by the fact that the billionaire, like other Republican leaders, would eliminate the estate tax.
...
To pay for the proposed tax benefits, the Trump plan would eliminate or reduce deductions and loopholes to high-income taxpayers, and would curb some deductions and other breaks for middle-class taxpayers by capping the level of individual deductions, a politically dicey proposition. Mr. Trump also would end the “carried interest” tax break, which allows many investment-fund managers to pay lower taxes on much of their compensation.
A significant revenue gain would come from a one-time tax on overseas profits that could encourage U.S. multinational corporations to return an estimated $2.1 trillion in cash now sitting offshore, largely to avoid U.S. taxes. His proposal would impose a mandatory 10% tax on all of that money, even if the money stays overseas, but allow a few years for the tax to be paid. The Trump campaign estimates that many companies would choose to bring their money back home, boosting jobs and investment in the U.S.
Mr. Trump also would impose an immediate tax on overseas earnings of American corporations; currently, such tax payments can be deferred. All told, the campaign says the plan would be revenue neutral—neither raising nor lowering federal revenues—by the third year and then begin adding revenue.
...
The plan proposes to simplify tax filing for many lower- to middle-income households. The plan says that some 42 million households that currently file tax forms to establish that they don’t owe any federal income tax now will be able to file their returns on a single page.
The Trump tax plan, in one poster: pic.twitter.com/YM4pDwySaY
— Jenna Johnson (@wpjenna) September 28, 2015
Additionally, Carl Icahn backs Trump’s calls to end carried-interest loopholes and rules that encourage corporations to relocate overseas and avoid repatriating profits.
In a video and interview due to be published tomorrow, Bloomberg reports that Carl Icahn shares Donald Trump’s criticism of the U.S.’s failure to overhaul taxation and immigration and raise interest rates.
“I would say it’s an endorsement. I think at this moment in time, he’s the only candidate that speaks out about the country’s problems,” Icahn said by phone. “I’m behind Trump. I disagree on certain points I don’t want to get into, I’m sure those can be worked out, but the basic thing is, you need somebody that can get things going in Congress, and I think he can do it. You need somebody that understands business, and I think he understands it.”
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Another "HOPE" candidate in the making...worked last time didn't it?
Icahn's endorsement signals Trump is "ON BOARD"...
Sorry Mr Trump but everyone must pay at least a minimum tax to inspire national ownership and build individual responsibility. People need connected and if need be, forced to connect so they can feel the impact and become involved with the working of "their" country. We should all be in this together.
Is that you MDB? Take your 'social contract' type bullshit somewhere else.
And I don't think that's gonna make much difference. While im all for giving the US govt less money, his tax plan isn't going to mesh well with his 'more military spending and taking out ISIS ' plan. Cont do both of those things at once.
"We should all be in this together"
Sounds like more socialist bullshit to me. Why work when someone else will take care of you? Our economy is slowing because there are more horses sitting in the wagon, than are pulling the wagon. And alot of the horses that are pulling the wagon are looking back seeing the horses in the wagon, and figuring, why should I pull when I can sit? 90+ million Americans NOT in the labor force. Remember, the labor force participation rate is at 1970's lows!! And those people are not only NOT paying taxes, they are getting handouts (anti-taxes). Don't come with this "they pay sales taxes" baloney either. Those people are getting more back than they have ever paid in BY FAR.
"...no federal income tax would be levied against individuals earning less than $25,000 and married couples earning less than $50,000."
Yes, if we only had a LARGER Free Shit Army all would be good in the world.
NOT.
Anybody who isn't for the complete abolishment of the income tax isn't serious about freedom, or the long term future of our country.
That said, the Federal Government as it is currently composed is doomed, no matter what anybody does about taxes going forward. So The Donald gets a pass on this. It's important to keep in mind that Trump needs to do only one thing to justify his existence: destroy the Republican Party as we know it. If this misguided tax policy helps him do that, then more power to him.
You know, the funny thing about the Don getting elected president, is that he is going to simply hate the job. All those passive aggressive mumble mouthed pubic servants will literally drive him up the wall. That should make for some good watching,,,
Bring on the popcorn,
;-D
We will cut middle class taxes by cutting the their salary. The extra profits arising will allow corporate CEOs to maintain their entitled lifestyle.
Scooby will vote Trump!
So will you!
It'll never happen. Then think about all those defense contractors losing thir contracts. Yeah, Donald is just giving lip service, per the norm.
I think it very well could happen becasue there is so much dissatisfaction with the political class ad elected officials. It would be something...
The DNC just shit it's pants
"Our economy is slowing because there are more horses sitting in the wagon, than are pulling the wagon."
Absolute nonsense. Our economy is slowing because the vast majority of the wealth of the nation has been concentrated in extremely few hands, hands that have gone mad with greed. Those same hands are now strangling the rest of us, seeking to extract whatever wealth remains, using any means necessary.
When our government sees fit to allow millions to sleep on the streets, while simultaneously spending $50Bn a MONTH to bail out the banks and Wall Street, it becomes painfully clear who actually owns our government and what their intentions are.
"Absolute nonsense. Our economy is slowing because the vast majority of the wealth of the nation has been concentrated in extremely few hands, hands that have gone mad with greed. Those same hands are now strangling the rest of us, seeking to extract whatever wealth remains, using any means necessary."
Well put, considering:
"...these Thieves at the top of the corporate ladder have awarded themselves salaries as much as 10,000% higher than the pay of CEO’s/senior management, back in the days when we enjoyed general prosperity in our economies/societies. Pay some union member 10% more than he deserves, and it’s a national outrage, often prompting legislative reprisals from the traitor politicians. But pay some Thief-in-a-Suit 10,000% more than he deserves, and (in the eyes of the Corporate media and politicians) this is just “business as usual.”
Shareholders Must Sue Boards of Directors
http://bullionbullscanada.com/index.php/commentary/us-commentary/26651-s...
The Donald even pointed it out (though not the why).
"U.S. Republican party presidential frontrunner Donald Trump said on Sunday high salaries paid to chief executives were a “joke” and a “disgrace” and said these were often approved by company boards stacked with the CEO’s friends.
Trump, a real estate mogul who has said he plans to use his net worth of $8.7 billion to fund his White House campaign, said in an interview with CBS’s “Face the Nation” that it was hard to tackle the question of corporate pay because too many corporate boards lacked independence.
“It’s disgraceful. Sometimes the boards rule but I would say it’s probably less than 10 percent; and you see these guys making enormous amounts of money. It’s a total and complete joke,” he said. "
Now, how would the CEO's load up the board? Wonder who the majority shareholders are?
Well Ellot you are half right the top 1% has to be addressed, but getting the 100 or so million not working contributing in some fashion will be absolutetly necessary to turn this thing around. Institutionalized welfare and disability have to be ended.
No candidate has addresed the problem at both ends. Unfortunately Trump seems to be the only one out there with an idea.
"Institutionalized welfare and disability have to be ended."
Fair enough. What do you propose to replace it? What is your solution when there are ten workers for every job?
I say start taxing the free shit army, claw some back as a start, and that is socialism? Well, call me a socialist.
Would it not be more effective if anyone was on welfare (FSA) for more than, say, 6 months were removed from the voter rolls until the reverse happened?
The self-reinforcing feedback loop, like we have now, must be eliminated.
6.00 bucks a day in ebt for food and a medical card after no insurance in 16 years, Fuck you Scotty I busted my ass for 40 years and the only job I can get is 25 hours a week at 7.50 an hour that I have to walk to cause I don't have a car. Give me a Lexus and a mansion like the rest of em and i'll hump my ass again otherwise I'll keep planting my garden and stockpiling food and lead. Just waiting for the day for all of us "to be in this together".
If thats all you have to show after 40 years of work, you were probably a shitty worker to begin with. I'll pay you $13 and hour right now and give you 40 hours a week, if you come cook for me. I bet you will decide to stay home anyway.
No I just trusted people at their word, until I realized these are different times, people have no honor or integrity. Scotty I would love to come cook for you and you don't have to pay me. I have a perfect recipe for you.
Not going to take the job I see...
Maybe we have 30 Million that can no longer pass the Background Checks.
Domestic Spying and selling personal data to put on the Internet is like a Private DHS standing side by side with the Public DHS.
You know the US Labor Force has been expanded to the whole globe right?
So must be 1 Billion people that can do US Outsourcing for US Companies and with Globalism they can also sell their products and services in the USA at low prices.
- Background Checks, Commercial Intelligence Services (Privatization of Intelligence work)
- Higher Competition against larger, much larger Labor Force
- Immigration, Open Borders, H1B VISAs
- Cheap Services and products available in the US from overseas producers
- Criminalization of what 15-25 Million people
- Narrowing of Responsibilities, Scope of Jobs, to keep Jobs at low Pay Levels, more less skilled work even if competition is higher, less opportunity to learn the business and then compete against your employer or industry
- Less Career Advancement in today's work world
- Fewer Job Openings
Survey says that nine out of ten Free Shit Army'ers disagree with you two hoots
It's part my communication skills, part idealism, both hard to change at this age.
You forgot idiocy..
1913... ratification of the 16th Amendment, before that, what were the Federal income tax rates?
Standard Disclaimer: Kindly go fuck yourself. With a red hot poker.
“Taxes are the price we pay for civilization” - Oliver Wendell Holmes, Jr.
“Rape is the price women pay to avoid being murdered” - Rubi
two hoots.....Are you for real? I always thought the goal was to work hard and try and become wealthy...National Ownership? Are you kidding me? Download the "Scanner Radio" app on your android phone and listen to the Chicago live scanner feed. These cops at night are overwhelmed with the "Dindos" using up all of the services. Do you think the FSA and Dindos care about National Ownership? I get taxed heavy...because I work hard....that is wrong. Individual Responsibility......HAHAHAHAHAHAHAHAHA.... We need to wake some fuckers up and kick them off the system. UPC coded food stamp cards. Only allowed Vegatanles, Rice, Beans, Milk, etc. No chips...and no pop...etc. We need drug testing for all recipients. Your on drugs...benefits cease... We need more rehab centers to actually teach these dumbfucks how to aclimate to a good society. Use all of these fucking FEMA camps....round up all of these fucks standing on the corner making $20 an hour begging....and start the process. I am glad to pay taxes if my money is spent to really help.... But to just give my money to some lazy fuck...that spends it at the Casino? Fuck You....look.
http://www.king5.com/story/news/local/investigations/2014/07/30/12936254...
Yea man getting tax raped makes me feel so proud to I grabbed my ankles in this fucking degenerate gang bang known as US tax "law." Hope my money shot is big as yours, better close my eyes, it looks so quaint rolling off your chin ...
Waiter give me a double of what this mental midget is drinking ...
have you heard of property tax? Have you heard of corporate tax? Have you heard of social security tax? Or Sales Tax. Gas Tax, etc etc etc We need less taxes...
You sound like Marx, Lenin and Mao put together with all this talk of national ownership and working together.
if trump could get kevin o'leary from shark tank as his running mate...i'd register to vote in the morning.
I don't understand...?? I thought I would see all kinds of great comments boasting of Trump putting out a plan. I personally look at it and cheer. It takes my taxes to 1/2 of what they are now...and it gets rid of the alternative minimum tax. Why would anybody...ANYBODY that works not like this plan? Help me? Has ZH been over run by the FSA? The comments just blurt out things and have no meat? Why do you not like this? It is so simple...so basic. And rather thanjust attacking me personally I would like to hear WHY you don't like this rather than just down voting me.
Because there are still a lot of idiots here.
I'll tip my hat to the new constitution
Take a bow for the new revolution
Smile and grin at the change all around
Pick up my guitar and play
Just like yesterday
Then I'll get on my knees and pray
We don't get fooled again
Fiorino and Bush only talk about moar war and moar military spending.
Hitlery only talks about moar free shit and heabvier middle class taxes to pay for them.
Cruz is stuck on abortions.
The Donald is the only one who addresses America's basic and worsening problem; the destruction of America's middle class.
Carly Fiorina defends Bush-era torture and spyinghttps://www.yahoo.com/politics/carly-fiorina-defends-bush-era-torture-an...
One chats up warfare spending because there's votes, the other side chats up welfare spending for those votes.
Could Trump represent the silent majority? Stay tuned...
The more I look at Fiorino, the more I think she's an actual witch
Hillary's more of a vampire, cause she sucks the blood of her victims
and Bush is sort of a ghost of things that never worked
Cruz should know that anyone obsessed with dead premature babies is a little scary
"The more I look at Fiorino ...," the more I think she's even worse then Pelosi and Hilarity.
You forgot the /s tag
It is because some people are simply intractable and intransigent. There are those who simple want to argue and complain about something and have a fetish for spitting venom when a plan is not 100% of their own ideal.
The truth is that this is the best tax reform plan proposed in memory over the past two generations. Simplifying the code is crucial to erode the power the IRS and position that 'club members' have in paying effective rates of 0% while the rest of us can't even use legitimate deductions for fear of IRS audit.
As it stands, the FSA pays a net negative tax, so forget about them.
If he doesn't get clipped he's just another Cabal whore - so who the fuck needs him?
If he gets clipped he was truly against the establishment and therefore would get some of my respect in his honor despite the fact that he's an atrocious business executive. The fact he's been bailed out so many times leads me to belive he's a Zio Khazarian whore.
Haha, look at my question below and our time-stamps.
At what point does a presidential candidate get Secret Service protection?
Trump, the new and improved Hopey Changey.
IT'S HUUUUGE.......
That is exactly what this is. Hope and change for the republicans. It's ironic how many republicans pointed out how stupid the left looked falling head over heals for Obama, who turned out to be just another neocon. Now those same people are making the same mistake, just another statist authoritarian neocon.
Trump isn't just any old neoClown, he's got CHARASMA
He is the best of the bunch and the only chance out of all of them to establish some real change for the better.
Any other vote is guaranteed more of the same bull$hit circling the drain.
That right there is EXACTLY what I am talking about. You sound just like all the starry eyed democrats who were just sure Obama was going to 'bring some real change for the better'. And look what happened. I guess you guys are just willing to forget about everything trump has ever said or all of his past positions up until recently, right? He is on your side today, so all of his past progressive stances are totally forgotten now? Y'all are delusional.
carl, carl, the sun will come out tomorrow ..at this point it's about hope, that a billionaire narcissist might just fuck a few of the elite - screw his business enemies and the soul less MSM big wigs- cause well he can if elected his personality makes me think he would do it big time , ever see his casino's shy ain't part of him.
More are taken in by hope than by cunning.
-- Vauvenargues
easier to fool lsomeone than to convince them they've been fooled ;]
Sam Clemens, I think.
"There's a sucker born every minute." ~ P.T. Barnum
It's just different this time, because it just is, and that's why
They always start out by saying all the right things
They'll finally 'get it' when they see the new Trump Plaza open on the National Mall.
He'll try to fire Congress, reach too far, and be sent on the long motorcade through Dallas
You don't get clipped for telling lies to the sheeps.
isn't promising to eliminating certain people's taxes just another way of giving away free stuff?
Yes, because keeping what you've earned is a bad thing.
If the FSA giveaway programs were to shrink by the amount of taxes that the newly expanded FSA will stop paying then I'm for it. Otherwise more is TAKEN from the families whose combined income is $50,001/year or greater.
Trump's plan is a tax increase on the middle class and up. Try buying a decent home on $50,001 per year. That is NOT wealthy.
How is paying taxes on $1 stopping you from buying a home. Are poeple on here this fucking stupid?
The average household income in the USA is $47k, under this plan, most will pay no taxes. That's a good thing. <----And he probably just won the election right there.
And you believe him? Ever hear the one about cutting off the end of the bedsheet and sewing it on the other end? Oh, never mind...
Obviously people on here are pretty fucking stupid. They don't understand that the money has to come from somewhere whether it's by taxing other people more, taxing businesses more (a tax which gets transferred directly to people via higher prices), of taxing future generations more by borrowing to pay for the Free Shit.
Cut the FSA spending to go along with the larger FSA. Cut it completely, actually, and live within the bounds of the U.S. Constitution.
Obviously people on here are pretty fucking stupid. They don't understand that the money has to come from somewhere whether it's by taxing other people more, taxing businesses more (a tax which gets transferred directly to people via higher prices), of taxing future generations more by borrowing to pay for the Free Shit.
97% of the money supply comes from Credit as created by banks at moment of hypothecation.
The remaining 3% is bills and coins. Coins are issued by Treasury, and represent seiginiorage, which lowers taxes.
When government taxes, they re-spend existing "credit."
Bank money, which is credit, comes into being with a debt instrument. The credit returns to its source and disappears. The dwell time for credit to stay in supply is a function of its debt instrument (drain) and new credit formation (new loans).
Yes, obviously some are pretty fucking stupid and make wrongheaded assertions (look in the mirror much?)... IMAGINING how things are, or conflating household economics with government, are typical mistakes people make.
Depends on your view of taxes. If you believe it is govt stealing your work and spending how they see fit, then no, it's just less theft.
If you believe that the government owns you and ALL your income and just graciously allows you to keep some, then yes.
Cat, I'm sorry but that has to be the stupidest comment I've seen on ZH in my 4 years here. I work for and earn my money! The taxes taken from my paycheck are by force.. I would not pay them willingly as I don't believe anyone has a right to my income except me.....I've been in handcuffs before for this and decided I did not wish to stay locked up so I have to play their game by force.
So you explain to me how eliminating income taxes is giving me something?
If your income comes from government spending, then yes. Otherwise, no.
Its an inducement to work instead of sitting on your ass and getting free stuff.
An insolvent nation promising to forego revenue.
In my memory Bush was the one who literally issued checks to all taxpayer.
No gee how could they compensate for the lost revenue?
If nothing else, this election season is going to be fascinating...in a train wreck kind of way......
Too true.
American politics is a Circus without Trump, but with him it's going to be great to sit back and watch. Painful however if you have any of these clowns governing you.
I am hoping for a John Edwards comeback! Or Obama old boss Rod Blagojevich out of jail yet?
Even better...... https://bainreport.files.wordpress.com/2013/05/2016-dem-dream-ticket-wei...
The plutocracy is working hard to buy plebs vote.
i cant watch it my CUNTry ;;
Ill respect you in the morning baby. I promiss.
Read my lips. No new taxes!
Whats the Dons possition on corruption ie Lois Learner? Or TBTF?
Q: Will you still respect me in the morning?
A: What the hell makes you think I respect you now?
killing the carried-interest loophole + other bankster freebies... admiration of TR confronting JPM... I think it's safe to say that DT has an emotional & political interest in bringing Wall St. to heel. More power to him.
DT has been through bankruptcy, and I imagine he'd be a-OK with Dimon/Blankfein and the rest going through bankruptcy, too.
The more I hear from DT and the more I look at his past, the more I like him for the Oval Office... he has many, many of the right ideas & experience for the job AT THIS POINT IN HISTORY, albeit wrapped in a giant ego and a bad toupee... so be it.
Please turn off the TV.
don't have one.
but I will support a candidate that is NOT selected/groomed by the one-party system... consequences be damned. No way in hell that DT would be WORSE than any of the others... his candidacy is every bit as valid/viable as anyone else's.
I'll be voting for whichever candidate bucks the system and runs as a 3rd-party... RP, TC & DT all have that potential, imo.
tax financial transactions over $1m at say 0.5%.
make payroll taxes {if we must have them} progressive and don't *start* deducting until 25k - and no more spending it as general revenue.
And how about no more deficit spending?
Most of all, Donald - stop being fucking World Police for Wall Street, the MIC and Israel - the Dark Trinity.
Of course, Donald is full of shit, too.
Nothing will change with red team blue team hegemony
---
"[Jewish billionaire George Soros] is often accused of masterminding some world conspiracy ... if the [economic] global crisis keeps spreading -- as most experts expect -- you won't hear much more talk about blaming Soros and his Jewish cronies. Anger will probably focus increasingly on the leaders of the [International Monetary Fund] and the Washington policy makers who stand behind it. The bad news is that most of them are Jewish too. Israel's daily Yediot Achronot recently published an unintentionally chilling list of senior economic policymakers known to be attending Kol Nidre services in Washington on the eve of the IMF summit. Among them: Treasury Secretary Robert Rubin and his top deputy Lawrence Summers [who later succeeded Rubin as Treasury Secretary], World Bank Chairman James Wolfenson and his top deputy, Josef Stieglitz; Federal Reserve Chairman Alan Greenspan, and IMF Director Stanley Fischer. That's scary. And it's only a partial list."
J.J. Goldberg, Market Meltdown. As the World Economic Crisis Turns Scary, Scapegoating Looms. Watch Your Back. Jewish Week, October 16, 1998, p. 12
"When [Israeli public opinion survey company] Hanoch Smith asked his Israeli respondents whether the Jews of America have control of important branches of the American economy, 73 per cent replied in the affirmative ... In a non-Jewish society, this would have aroused suspicion of anti-Semitism, but emanating from a Jewish society, it seemed both a matter of pride and bewilderment."
Colin Shindler, Ploughshares into Swords. Israelis and Jews in the Shadow of the Intifada, I. B. Tauris, London, 1991, p. 94-95
"A survey identifying Britain's wealthiest family names by their postcard areas has produced a fascinating insight into the national makeup of the 50 surnames most common among the movers and shakers ... More than 20 are from Jewish families [although Jews make up only 1% of the British population] ... There are more Cohens in the top group than any other family name ... Just behind are Levy, Bloom and Wolf ... This [trend] is confirmed by other surveys."
The Daily Mail, [London], July 17, 1999, p. 19
-----
The Israeli Occupation of America: How Israel Gained Control of American Foreign Policy and Public Opinion
https://heshamtillawi.wordpress.com/2009/09/13/the-israeli-occupation-of...
WSJ says 21%??? LMFAOOOOOOOO
If no Trump dirt comes out, and I mean real dirt then there is none because you can bet the establishment have put the NSA on his ass looking for it.
And all the mugs out there (aka 'good citizens') thought the NSA was there to 'protect you' and 'keep you safe' via catching those nasty terrorists, bwawawawawawa.
So he would actually raise taxes. SOB.
Nothing about corporate tax rates going down?
Corporate tax -----15% under Trump plan.
Politics is theater.
If Trump can get the lead for G.O.P. Candidate in the play it will be an improved show.
Those establishment rhino lackeys have become boring and wooden.
So far this is the absolute only thing that I can agree with in regard to the 2016 election cycle. Well, that and Hillary is a no good skank. Thank you for putting it so succinctly.
Cutting middle class taxes is pretty much pointless when there is virtually very little middle class left.
Trump looks to be back on his game... he is pushing buttons and connecting with that crowd... and looks like most MSM outlets are covering this PC live or near-live...
Where are the beltway pundits/eggheads that dismissed DT a month ago? *crickets*
I'm actually warming up to the Donald... his answers to these questions (per taxes/economy) are hitting the bullseye.
scott pelley tried dissecting yesterday on 60 minutes, a god awful show
it's pretty tough for a "journalist"/media sycophant to dissect a guy who is better that their job than they are...
this is what competancy looks like, and the incompetant establishment CAN'T HANDLE IT.
They need to fix the Marriage penaly bull shit.
let' get rid of ALL income tax FULL STOP PERIOD!
Good Luck, this Trump plan will be a nightmare to get through Congress.
There is NO reason to collect taxes from the Citizenry.
Globalist/Foreign Corporations should pay tariffs for foreign manufactured goods escepting that flat out cannot be manufactured domesically for well defined and easily verifiable reasons.
Congress needs to quit paying middlemen and 1%ers vig to issue the Nation's currency.
End debt-money, fuck the banksters and rich skimmers demaninding risk less returns, force foreign nations to pay to use US Dollars and for US Military protection if they want it; and emit the required currency into existance to fund the basic requirements of a proper limited domestic government..
troxov - you said it all
r
https://enronnext101.wordpress.com/
troxov - you said it all
r
https://enronnext101.wordpress.com/
WRONG....the free shit arm is bad enough now...if everyone thinks it is magic money things will get worse
silly posters who think they know the ans about Trump.. he's fake , he's the great white hope, he's owned by the elite..he's the cabal whore...LOL the MSM gives us some hope he is legit.
I have no way of knowing other than by those who attack him (gop est and MSM always working for the Left, really seem to hate him),,and for me that makes me look at him as a possible option. time will tell.
the only long term way to reduce spending is to reduce taxes and borrowing - first. you can promise spending cuts that never happen as long as there is a taxpayer or bond buyer to be milked. but the current methods have failed. welfare, taxation, retirement, health care and war all have to be re-thunk.
what is hillary's tax plan? other than taking everything, including the family silver, and giving it to the charitable foundation her syndicate family runs.
it's a very safe bet that we will NEVER see/hear details of Hillary's tax plan... because her tax plan is just like the rest of her platform -> status quo + add'l freebies/bribes for "identity" voters.
she's sinking like a stone, and the reasons are not complicated or mysterious... no ideas, no accomplishments... she brings nothing to the table at a point in time/history when this country needs a major recalibration and constitutional renewal.
The only plan that skanky whore has is to raise our taxes anyway, anyhow, and anywhere she can.
I don't need a tax cut, but I'll take an EBT card
Someone should inform Trump that 49% of Americans ALREADY pay ZERO tax. In fact, they make $$$ on the scam. They all happen to also vote Democrat.
why would Trump walk into the EXACT same truth trap that Romney did?
better to ignore the FSA and focus on actual voters/citizens.
We spit on those who actually do the work, and reward the "management" that doesn't do anything to truly add value. Lower tax rates on individuals will help to reverse that.
Why should a hard-working plumber get $80K and be taxed at a high rate, when a Wall Street parasite can make 300K and pay less %age in taxes?
Flat tax rate for individuals & cap. gains. Done. It would be the best possible incentive for growth/success/entreprenurial spirit.
Hearing the name Carl i-Con mentioned is like the sound of fingernails on a chalkboard.
Fuck off Trump.
End The Fed.
meat he (trump) would never say it in public (end the fed) as that is a ticket to dallas open top car ride.
Mr Trump hit it otta the park with this quote today::
"Too few Americans are working. Too many jobs are being shipped overseas and too many middle-income families cannot make ends meet,” Mr. Trump said at the outset of the press conference."
name one other candidate that has made this statement, or ever cares ..
Obama said all that shit too.
The real unemployment rate is 25%, I've even heard 40% -Trump
Have u ever heard someone say that?
Bill Clinton said. Its the economy stupid.
When? Links? He offered freebies without working.
Dont worry silly season aint over yet.
The Changeling....
GOP is going to split like a overripe melon...
This just expands the AMT.
Trump's platform cannot touch this:
https://www.youtube.com/watch?v=Rfy4zKO0LXw
The “Free Shit Army” is welfare for the rich. Instead of taxes, they take in the form of prices.
Oh that’s right… markets are Free and perfect predictors of price. So, we don’t look there.
A good parasite will hypnotize the mind of its host, and even tell host what to think (propaganda).
https://www.oxfam.org/sites/www.oxfam.org/files/file_attachments/ib-wealth-having-all-wanting-more-190115-en.pdf
In 2014, the richest 1% of people in the world owned 48% of global wealth, leaving just 52% to be shared between the other 99% of adults on the planet. Almost all of that 52% is owned by those included in the richest 20%, leaving just 5.5% for the remaining 80% of people in the world. If this trend continues of an increasing wealth share to the richest, the top 1% will have more wealth than the remaining 99% of people in just two years, as shown on Figure 2, with the wealth share of the top 1% exceeding 50% by 2016.
mefobills, envy looks good on you.
Paul Craig Roberts posted a link to Wikipedia on Wealth Distribution and Income Distribution yesterday.
If you look at the chart for OECD Countries Gini Ratios... there is actually a Quickening that is easy to see. The wealth Gaps from 1970 have increased. And also the 10% Richest are getting richer.
The country's problem isn't taxes, it's DC and DC employees. Always has been, always will be.
Secession or bust.
There are too many problems to list completely it seems.
Yes. Federal Employment system, Political Appointment System, Money in Politics, Money as Free Speech, No term Limits for Supreme Court & Congress & Lobbyist & Lawyers & Political Appointees & No limit to length in Federal Service ... in General.
Repost:
How do we correctly identified the Problem/Problems?
1. Antisemitism has become an issue
2. Wealth & Income Gap is clearly getting worse
3. Greed in the USA & EU is characterized by the Capitalist total disregard for the lives of the common people, the costs they face, the conditions they live with, the rise in crime, the disregard for activism, free speech, public assembly to protest, and lack of influence on Politicians and Technocrats
4. Money and Self Promotion have taken over govt, banking, law, civil suits, auditing, financial ratings, and politics
5. Free Trade, Open Border, STEM VISAs, Refugees, Wage Suppression of Labor Force, manipulation of markets by those with advantages for personal gain
Repost:
- US Needs Sweeping Reforms
- Foreigners will not ask for Sweeping Reforms due to influence, dependence on funding, self promotion, greed, and the fact that the US is a Political, Economic, Financial, and Military Superpower
Was thinking about this.
Central Bank, Banking, Finance, Real Estate, Federal Budget Process is not being used by congress, US Courts are influenced by those with the most money and biggest legal teams, Financial Regulators can't fight many big battles in court, Regulators are influenced by the president and congress who support their lobbyists... and those are just some of the many problems that demand reform.
Identify the Problem:
- Greed, Corruption, Cronyism (Networking included), Money in Politics & Government, Money in Elections, Money as Free Speech, War is a Racket, Foreign Policy is a Racket, Party Line of Democracy is a Racket, both political parties are One Political Party.
- Suppression of Free Speech, Free Press, Monopolies in Media/Telecoms, and suppression of wages and jobs through globalism.
- Term Limits for Lawyers, Lobbyist, and DC Politicians... end political appointments, we have plenty of old boy networking without politicians putting in their guys too
- And if you look closely at the Federal Budget Increases, the Budget Deficit Trend, the dismantling of our Banking Regulations and Financial Standardization... and our Financial Ratings Agencies, Non-Standard Accounting, Corporate Overhead and Leverage that steal from small stock investors, ... Capital, Savings, and Jobs going overseas, ... Low Investment in the US in Capital Facilities or Capital Expansion or Infrastructure, ... Trends in Wealth and Income Gap... It is Clear we have a National Security Crisis and Constitutional Crisis.
- Our Dysfunctional Congress not only doesn't correct simple problems, obvious errors in banking, it constantly passes bills in favor of Pharma, Fossil Fuels, and Finance and Banking... against the poor & middle class.
- War is not Free Speech
- War as a Policy is a Violation of International Treaty
- US Citizens deserve National Referendums
- End the Electoral College System so Elites can't decide our National Elections
- End the Private Corporation known as the FED
Everything you just typed is "DC."
While Trump trumpets his fiscal horn, all the while dancing with the wolves with Sarah PAlin, another woman talks about the gutwrench of American dystopia in the making :
http://www.theguardian.com/commentisfree/2015/sep/28/senator-elizabeth-w...
Some people have their heads in line with their hearts, and are not addicted to balderdash.
Its not secession or bust, its in the Republic we trust. But a Republic built on ETHICS.
If Donald Trump understood biniz he would not be losing his shirt in every investment he ever made. He would have sold all of his dead gambling casinos, and his real estate holdings, before everything under the sun went down the tubes investment wise. Trump is just another mouthpiece for the kleptocracy because they are all losing their shirts en masse, and they know 'we the people' are going to hang em' high from streetlamps, and oak trees, in the near future.
Imagine Trump running for his life like he was Momar Ghadafi on his last day before being murdered under a road culvert. This is Donald Trump's future.
The first rule of Trump biniz 101 is you don't lose your own shirt.
The second rule of Trump biniz 101 is you get rich losing other people's shirts for them.
Some of my tool investments just started to pay off bigtime. My kid got a job as an electrition. I tooled him up nice. Good old tools that paid for themselves long ago. Now the same tools will be compounding in the best possible ways.
The Dons only tool is debt up to his eyeballs.
Carl Icahn “took” in the form of prices, with Greenmail. Greenmailers force producers to defend their business by diverting profits to stockholders rather than re-investment into new productivity and improved labor ability.
Greenmailers take target companies pensions onto double entry ledger and include it as an asset when taking over. This asset allows greenmailer to “borrow” more credit. Borrowing more credit sends usury to banker, thus it shows up in prices later. Borrowing credit to take over a company also ignores the prime directive of credit: It should only be used to go after GDP type activity. Buying up an existing company does not increase GDP. The Credit money supply increases with the new loan, and it chases after an existing asset changing of hands.
This action is something like two people selling a house. There are no new houses, but the economic activity shows up in NIPA accounting reports as if it is actual GDP increase. Accountants are even lying with their statistics, which show how deep the hypnotic trance goes.
Greenmailers , once they acquire their target company, they dismember it into parts. The laggard part may end up in bankruptcy, and the “good” part get jacked up in price. Or Greenmailer may attach the good part to a company he already owns, and makes a bigger company.
Greenmailer will defend their action as creating new synergies…right… and I have some beach-front properties in Arizona. An existing owner of a company could make same deals to merge with another company if he wanted.
Big companies are highly efficient…right? A few companies owning the world, and we then can expect low prices? Go look at oxfam link again, if you belive this. (I posted it earlier.)
Medium to small business are what drive innovation and are the major source of employment. Greenmailers like Ichan are part of parasite class who have hypnotized host population to think they are beneficial.
Finance, for the most part, is extractive - a giant rent operation, and welfare for the rich.
Finance Capitalism makes people think that prices are fair and not force. When goods and services are Not AT THEIR LOWEST COST VALUE, it is the same thing as being forced to pay higher taxes.
Thanks for the support.
All of the above comments.
Well, all kidding aside, its about time we had a Jewish Sec. of Treasury.
It's called "diversity," people - get used to it!
If you are referring to a real genetic Judean Jew, then yes, you make a good point.
Anyone who says they WANT to be POTUS is automatically disqualified, IMO, of having a sound mind, and is therefore ineligible for my vote.
Mr. Trump also would end the “carried interest” tax break, which allows many investment-fund managers to pay lower taxes on much of their compensation.........
Media Matters, the mouthpiece for hedge fund uber boy Gyorgy "Goerge Soros" Schwartz, is as one would expect claiming Trump will lower taxes on the rich. carried interest is not mentioned.
I have been banned at MM. would someone please straighten them out? here is the link
http://mediamatters.org/blog/2015/09/28/politico-bizarrely-claims-trump-plans-to-hike-t/205815
From overmedication:
mefobills, envy looks good on you.
Bullshit.
I'm just aware of who is mounting me from behind. There are invisible hands in your pockets too. I'm aware that this parasite class is leading civilization off of a cliff.
Most people think it is the Government taking in taxes that is the root of eviiiiilll. And while that is true to some extent, it also ignores that Government is the fourth mode of production.
Roads, bridges, clean water...these things that government provide are in addition to the other modes of production.
Land + Capital + Labor + Government = all economic activity.
Capital can then be divided into extractive and productive.
I am pointing out the extractive capital which is NON PRODUCTIVE, and worse, leads directly toward Oligarchy.
I dont' have any class envy. By now, you guys should know that I'm smart enough to be successful in my own right.
I put things to people here on ZH in the hopes that scales will fall from eyes. Otherwise, I have no dog in this fight. I materially gain not at all by posting here at ZH.
Thanks for posting Mefobills. This is why I post too.
Remove "government", the tool of the oligarchy, and you remove the oligarchs.
Government is evil. Government is murder.
both government and taxation of any and all is designed and intended to f workers (particularly skilled workers) over -- PERIOD
r
https://enronnext101.wordpress.com/
Repost: Purge Solutions:
-
- Ban people for life from Congress, Politically Appointed Positions
- Ban people for life from Law Practice
- Ban people for life from Lobbying
- Ban people for life from working in Banking or Finance (FIRES)
- If wealthy put their money off shore, they will be banned from any of the above positions, for life, since they are taking the life style of an Expatriot with more than $100,000 off shore by date of bill with 3% increase per year to raise the floor with inflation
- When wealthy get classified as Expatriots, they also lose access to federal contracts and doing any business with government at any level state, local, or federal
Now let's think of something tougher
- Mandatory Retirement from US Congress after 8 years
- Maximum federal service 25 years including military time
- Maximum Central Bank service 8 years
- Maximum Lobbying 4 years (but no lobbying for ex-congress members)
- Maximum Political Appointees 8 years service, but not allowed for central bankers, lobbyist, think tank employees, or former congressmen
Yeah, Trump, let's think outside the box.
Nothing like being wedded to ideas that have zero chance of ever being adopted, especially when not well thought through.
For instance, term limits for politicians will actually increase the power of the unelected bureaucracy. But of course they only have our best interests at heart so that will work out well.