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Old 09-25-2016, 05:38 PM   #1
TommyGriffin
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Question Trump Supporters is this a fair accusation?

https://www.washingtonpost.com/news/...mps-companies/

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A little-noticed provision in Donald Trump’s tax reform plan has the potential to deliver a large tax cut to companies in the Republican presidential nominee’s vast business empire, experts say.

Trump’s plan would dramatically reduce taxes on what is known in tax circles as “pass-through” entities, which do not pay corporate income taxes, but whose owners are taxed at individual rates on their share of profits. Those entities are the most common structure for small businesses and increasingly popular for larger ones as well. They are also a cornerstone of the Trump Organization. On his 2015 presidential financial disclosure report, Trump listed holdings of more than 200 limited liability corporations, which is a form of pass-through.

Trump would tax pass-through income at a rate of 15 percent, compared to the 40 percent personal income tax rate a wealthy business owner would pay today. He is the first GOP nominee to propose a specific pass-through rate. Others have simply lowered the top income tax rate, which would have the effect of lowering the pass-through rate as well. Mitt Romney, the party’s 2012 nominee, would have set a top rate of 28 percent. John McCain and George W. Bush wanted to tax it at 35 and 33 percent, respectively.

Fellow Trump supporters, do you feel that these accusations are fair?
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Old 09-25-2016, 05:42 PM   #2
FillJackson
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Default Re: Trump Supporters is this a fair accusation?

It's not an accusation that this is his plan. His economic spokesman confirms this in the article.
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Old 09-26-2016, 01:18 AM   #3
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Default Re: Trump Supporters is this a fair accusation?

He's not "accused" of wanting to lower taxes. He wants to lower taxes.
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Old 09-26-2016, 01:36 AM   #4
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Default Re: Trump Supporters is this a fair accusation?

This is nothing new.

He has always said he wanted to lower taxes. I think what shocks the average Americans who are not business owners are the formation of LLC's, which is common practice.

This article is presented just to shock people.

An example would be buying a company car and writing it off at the end of the year. My buddy is going to break a tax bracket and he's going to buy a brand new truck for the company, so he can avoid the taxes. That money that would have went into his taxes is going to go into a badass truck.

This so-called "pass-through" is nothing new.

I am going to be working to get my certification under a Trump presidency and I am all for him lowering taxes on small businesses since I plan to start my own practice during his presidency.

The difference between a Dem and a Rep....Rep encourages ambition. Their policies make you want to start your own business and do well. Dems don't want you to do any of this. Their policies actually discourages people from starting their own business. Increase in minimum wage is proof.

Give a man $1 so he doesn't make $100 on his own. The logic of a Leftist. Screw that.
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Old 09-26-2016, 01:38 AM   #5
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Default Re: Trump Supporters is this a fair accusation?

Quote:
Originally Posted by 9erempiree
This is nothing new.

He has always said he wanted to lower taxes. I think what shocks the average Americans who are not business owners are the formation of LLC's, which is common practice.

This article is presented just to shock people.

An example would be buying a company car and writing it off at the end of the year. My buddy is going to break a tax bracket and he's going to buy a brand new truck for the company, so he can avoid the taxes. That money that would have went into his taxes is going to go into a badass truck.

This so-called "pass-through" is nothing new.

I am going to be working to get my certification under a Trump presidency and I am all for him lowering taxes on small businesses since I plan to start my own practice during his presidency.
What type of practice?
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Old 09-26-2016, 01:57 AM   #6
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Default Re: Trump Supporters is this a fair accusation?

Quote:
Originally Posted by highwhey
What type of practice?

I rather not say at this time but I may when I actually start it.

Trump's policy will benefit you though, if you do decide to start your business.
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Old 09-26-2016, 04:30 AM   #7
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Default Re: Trump Supporters is this a fair accusation?

Trump is for sale and Hillary is for sale.

Pot/Kettle argument. If you don't like this about either candidate, then I'm guessing you're voting 3rd party or you're a hypocrite.
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Old 09-26-2016, 04:52 AM   #8
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Default Re: Trump Supporters is this a fair accusation?

Lol. CBS has found that dead people are somehow voting in Colorado.


Like I've always said, dead people vote Democrat.
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Old 09-26-2016, 05:04 AM   #9
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Default Re: Trump Supporters is this a fair accusation?

Quote:
Originally Posted by Crystallas
Trump is for sale and Hillary is for sale.

Pot/Kettle argument. If you don't like this about either candidate, then I'm guessing you're voting 3rd party or you're a hypocrite.

We know Hillary is for sale.
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Old 09-26-2016, 05:19 AM   #10
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Default Re: Trump Supporters is this a fair accusation?

Well, it's not so much an accusation as it is a confirmation that Trump has become the oligarchic candidate.

In a country with comical levels of economic inequality, one candidate proposes dramatically lowering the taxes of the superrich, while the other wants to increase the estate tax for the richest households (an often unpopular policy, because the average American voter thinks they will soon become a billionaire), the exact sort of policy that makes the plutocrats uncomfortable and Frank Luntz rich and happy.

Sure, Trump is willing to buck the conventional economic wisdom on free trade and open borders. But the rest of his platform is a parody of trickle down, socialism-for-the-rich economics.

The funny thing is, Trump himself is more of a pragmatist than a billionaire class warrior (although his personal worldview is darwinist, his populism prevents him from taking darwinism to its logical conclusion). It's the price he has to pay for his party to get him to the White House...

If Trump had to work with a Democratic Congress, they could accomplish sensible things together in domestic policy, because he's not an ideological Republican. With a Republican Congress, however, don't expect the usual GOP policy mix to change.

You know the drill: whenever the GOP is in charge you get a huge tax cut for the rich, subsidies for fossil fuel industries, and increased military spending. On trade their plan is for Trump to pretend to "renegotiate" the TPP, making a grand gesture of walking away from the table then presenting an essentially similar agreement as a "good deal for American workers" (think David Cameron's deal with the EU before Brexit, or the EU Constitution being turned into the Lisbon Treaty). On borders the wall will be turned into a less expensive fence in exchange for amnesty.

Last edited by BoutPractice : 09-26-2016 at 05:27 AM.
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Old 09-26-2016, 05:33 AM   #11
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Default Re: Trump Supporters is this a fair accusation?

Quote:
Originally Posted by Crystallas
Trump is for sale and Hillary is for sale.

Pot/Kettle argument. If you don't like this about either candidate, then I'm guessing you're voting 3rd party or you're a hypocrite.
3rd party = might as well not vote.

Maybe vote for the one who's less for sale.
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Old 09-26-2016, 05:51 AM   #12
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Default Re: Trump Supporters is this a fair accusation?

Quote:
Originally Posted by BoutPractice
Well, it's not so much an accusation as it is a confirmation that Trump has become the oligarchic candidate.

In a country with comical levels of economic inequality, one candidate proposes dramatically lowering the taxes of the superrich, while the other wants to increase the estate tax for the richest households (an often unpopular policy, because the average American voter thinks they will soon become a billionaire), the exact sort of policy that makes the plutocrats uncomfortable and Frank Luntz rich and happy.
No, they don't. They're just decent people who don't want the government shaking down their fellow citizens.

If your parents die and your mother leaves some family heirloom like, your great grandmother's jewellery or something, I don't want the government coming in and saying "that jewelry is worth $60k. you owe us $42k. Pay up, or else". That's evil. Decent people with common sense values don't want the government confiscating the private property of citizens. There's no good reason for it and it's deeply immoral. If I work hard and pay my taxes there's no reason why I shouldn't be able to give my private property to my children.

And this is not going to hurt the super rich that some people so badly want to hurt. The Mitt Romney's of the world have enough common sense to just leave their wealth for their kids in the Cayman Islands or somewhere else. Something which is entirely legal and only exists so scumbags like Hillary Clinton can talk tough on the campaign trail, but leaves these little loopholes open for the people she owes her favors too.
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Old 09-26-2016, 09:21 AM   #13
FillJackson
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Default Re: Trump Supporters is this a fair accusation?

Anyway, it's a terrible proposal by Trump.

Pass through income already allows this money not to taxed at corporate rates. So it should be taxed at individual rates.

Once it hits the individual's tax return, there's nothing special about it that would deserve massive tax benefits.
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