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[QUOTE=Micku]He's planning on taxing the rich in general. It might not work, but we'll see. I read somewhere that economist think the plan is brilliant, but I dunno. That could be just one because I read others that say it's pretty crazy. I have to read up more on that. Here is Sanders tax plan in comparison to Trump and the current plan we're on right now:
The far left is the current law. The middle is Trump's plan. The far right is Sanders plan.
Income Levels
$0-$18,550~ 10% 0% 10%
$18,550-$75,300~ 15% 10% 15%
$75,300-$151,900~ 25% 10%/20% 25%
$151,900-$231,450~ 28% 20%/25% 28%
$231,450-$413,350~ 33% 25% 37%
$413,350-$466,950~ 35% 25% 37%
$466,960-$500,000~ 39.6% 25% 37%
$500,000-$2,000,000~ 39.6% 25% 43%
$2,000,000-$10,000,000~ 39.6% 25% 48%
$10,000,000
[QUOTE=Micku]He's planning on taxing the rich in general. It might not work, but we'll see. I read somewhere that economist think the plan is brilliant, but I dunno. That could be just one because I read others that say it's pretty crazy. I have to read up more on that. Here is Sanders tax plan in comparison to Trump and the current plan we're on right now:
The far left is the current law. The middle is Trump's plan. The far right is Sanders plan.
Income Levels
$0-$18,550~ 10% 0% 10%
$18,550-$75,300~ 15% 10% 15%
$75,300-$151,900~ 25% 10%/20% 25%
$151,900-$231,450~ 28% 20%/25% 28%
$231,450-$413,350~ 33% 25% 37%
$413,350-$466,950~ 35% 25% 37%
$466,960-$500,000~ 39.6% 25% 37%
$500,000-$2,000,000~ 39.6% 25% 43%
$2,000,000-$10,000,000~ 39.6% 25% 48%
$10,000,000
[QUOTE=ThePhantomCreep]There are two types of Republicans--millionaires and suckers. The rise of "Trump the Rebel" proves it.
Trump's anti-establishment cred = a projected $10 trillion in debt + a massive tax cut for the wealthy.
Same old GOP shit.[/QUOTE]In particular a massive tax cut for his kids.
[QUOTE=ThePhantomCreep]There are two types of Republicans--millionaires and suckers. The rise of "Trump the Rebel" proves it.
Trump's anti-establishment cred = a projected $10 trillion in debt + a massive tax cut for the wealthy.
Same old GOP shit.[/QUOTE]
Yup, Trump's plan is just trickle down economics/Dubya Bush's economic plan on steroids. Nothing good would ever come from it (Unless you count the Donald and his buddies getting massive tax cuts as good). All the analysis of his proposals lead to the same outcome- another Great Depression.
Trump's tax reform is very consistent with what he wants for America. I don't have a problem with his tax reform as it would save me more money than what it is currently and I came from a family that owned multiple businesses.
I am all for hardworking people to keep their hard earn money. Trump is anti-establishment and has mentioned how dumb the people at Washington is at wasting our tax paying money.
This is probably his way of letting the American people keep their money till he finds out how to better spend our tax dollars.
While this tax reform policy has a potential to raise the deficit but I believe Trump's skills is in trade. I believe that is how he will cut make up for it. Good trade policies and reduced government spending.
Vote with your dollars. Don't know why people are upset that he is cutting taxes across the board. Come on people....you really like the current structure?:hammerhead:
He is most likely raising deductions...we will start to feel our pockets feeling heavier and more numbers in the bank.
[QUOTE=DonDadda59] All the analysis of his proposals lead to the same outcome- another Great Depression.[/QUOTE]
You're a good comedian but not so much when it comes to real life issues, politics or the economy.
In b4 meme or some stupid song.:D
Anyways, I would like to see who these analysis are? Fundamentally, they would not say what you have claimed.
[QUOTE=magnax1]:roll: :roll: :roll:[/QUOTE]
Immigration:
[INDENT]A 2015 study by the American Action Forum, a conservative pro-immigration group, estimates [B][COLOR="Red"]the federal government would have to spend roughly $400 billion to $600 billion to deport 11.3 million undocumented immigrants and prevent future unlawful entry into the U.S. over a 20 year time period.[/COLOR][/B]
In order to implement the plan, the study says, each immigrant would have to be apprehended, detained, legally processed, and transported to his or her home country.
Mass deportation will burden the economy, the report goes on. [B][COLOR="Red"]Removing all undocumented immigrants would cause the labor force to shrink by 6.4%. As a result, 20 years from now the economy would be nearly 6% or $1.6 trillion smaller than it would be if the immigrants are allowed to stay[/COLOR][/B].
While this impact would be found throughout the economy, the agriculture, construction, retail and hospitality sectors would be especially strongly affected, the report indicates.
[url]http://www.forbes.com/sites/doliaestevez/2015/09/14/trumps-plan-to-round-up-and-deport-11-million-immigrants-within-24-months-prohibitively-expensive/#2715e4857a0b73746d082b1e[/url][/INDENT]
All his other bullshit:
[INDENT][B][U]Economists savage Trump's economic agenda[/U]
Raising tariffs and deporting millions of people will drive up prices and cause recession, experts assert.[/B]
Many economists say Donald Trump
[QUOTE=9erempiree]Trump's tax reform is very consistent with what he wants for America. I don't have a problem with his tax reform as it would save me more money than what it is currently and I came from a family that owned multiple businesses.
I am all for hardworking people to keep their hard earn money. Trump is anti-establishment and has mentioned how dumb the people at Washington is at wasting our tax paying money.
This is probably his way of letting the American people keep their money till he finds out how to better spend our tax dollars.
[b]While this tax reform policy has a potential to raise the deficit but I believe Trump's skills is in trade. I believe that is how he will cut make up for it.[/b] Good trade policies and reduced government spending.
Vote with your dollars. Don't know why people are upset that he is cutting taxes across the board. Come on people....you really like the current structure?:hammerhead:
He is most likely raising deductions...we will start to feel our pockets feeling heavier and more numbers in the bank.[/QUOTE]
He could cut safety net programs to zero, it still wouldn't offset the massive amounts of lost revenues his tax plan would cause.
Keep in mind that Mein Trumpf wants a "strong military", and military buildups don't come cheap.
Military buildup + massive tax cuts + removing 8 million illegals from the labor force + large tariffs on goods from Mexico and China = Trump is an idiot.
[QUOTE=magnax1]Politico is your source for economic education?
Well, of course it is.
He doesnt even have a real proposal you dolt. You cant do economic analysis on policy proposals that dont exist. Did you google how much the mexicans are going to give us for the wall too?[/QUOTE]
They don't use logic or rationale.
You cannot analyze something that has not happened but I can analyze how this proposal would benefit me and people of ISH, who I am assuming are middle class to upper.
They should just focus on how much money they will be saving and all the money they will be saving as they work their butts off to become rich.
[QUOTE=magnax1]Politico is your source for economic education?[/QUOTE]
Used Forbes too, dunce. Did you even read what I posted? What does it matter which publication posted the economists' findings?
[QUOTE]He doesnt even have a real proposal you dolt. You cant do economic analysis on policy proposals that dont exist. Did you google how much the mexicans are going to give us for the wall too?[/QUOTE]
[URL="https://www.donaldjtrump.com/positions/tax-reform"]https://www.donaldjtrump.com/positions/tax-reform[/URL]
[URL="https://www.youtube.com/watch?v=Y0TDHWMFkGM"]Donald Trump on his tariff plan[/URL]
Go to sleep bruh. These Ls you're taking will heal by the time you wake up, hopefully. I'll be praying for your recovery.
[QUOTE=magnax1]You literally just posted a video where trump backtracks on something he said a week before.
:wtf:
But yeah, tons of solid consistent proposals.....[/QUOTE]
Shhhhhh. No more talk now. Sleeeeeeep.
[QUOTE=NumberSix][B]Lefty morons seem to really hate the idea of people having a lot of extra money in the bank.[/B] What these lefty morons don't seem to understand is, that's where investment comes from. If nobody has enough extra money that they can afford to risk investing, then where the hell are investment going to come from? Who the hell is going to put up the money to start new businesses, expand businesses or invest in new developments?
Have you never noticed that nothing is invented in these dumbass socialist countries? The only people who can succeed are giant multinational corporations who are already swimming in money.[/QUOTE]
Heh. I read most Americans in general are pretty bad at that anyway.
Let me get it:
[quote]
[B]Approximately 62% of Americans have less than $1,000 in their savings accounts and 21% don
[QUOTE=DonDadda59]Used Forbes too, dunce. Did you even read what I posted? What does it matter which publication posted the economists' findings?
[URL="https://www.donaldjtrump.com/positions/tax-reform"]https://www.donaldjtrump.com/positions/tax-reform[/URL]
[URL="https://www.youtube.com/watch?v=Y0TDHWMFkGM"]Donald Trump on his tariff plan[/URL]
Go to sleep bruh. These Ls you're taking will heal by the time you wake up, hopefully. I'll be praying for your recovery.[/QUOTE]
Trump is not going to put a tariff on Chinese products. It's bargaining leverage. It's not going to actually happen. The idea is to get China to remove their tariff on American products, which China would obviously do.
[QUOTE=Micku]Heh. I read most Americans in general are pretty bad at that anyway.
Let me get it:
[url]http://www.marketwatch.com/story/most-americans-have-less-than-1000-in-savings-2015-10-06[/url]
Of course the older generation is a bit better at that, but a lot of Americans like living on the edge or just broke.
Anyway, I don't know what tax plan is the best because I have heard mixed reports. From what little I can remember from my economic class, is that both a high tax or a low tax system could work, but it depends on well our advancement of technology flowing well at the time to create new jobs. So, I don't know if any of this is good because aren't there examples throughout USA history of both working?[/QUOTE]
What you want is money in the hands of the people, not the governments pocket.