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Old 10-27-2015, 10:03 PM
 
Location: New Orleans, La. USA
5,924 posts, read 2,825,128 times
Reputation: 2184

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Quote:
Originally Posted by bmw335xi View Post
I really like Trump's tax plan...

If you are single and earn less than $25,000, or married and jointly earn less than $50,000, you will not owe any income tax and 0% capital gains tax.

If you are single and earn less than $50,000, or married and jointly earn less than $100,000, you will owe 10% income tax and 0% capital gains tax.

If you are single and earn less than $150,000, or married and jointly earn less than $300,000, you will owe 20% income tax and 15% capital gains tax.
With Trumps tax plan,

The bottom 20% of income earners get 1% of the tax cuts.
And the richest 1% of income earners get 34% of the tax cuts.

Donald Trump's tax cut plan: It would cost at least $10.8 trillion, give lots of money to rich people.
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Old 10-27-2015, 10:15 PM
 
Location: Unperson Everyman Land
30,402 posts, read 20,055,572 times
Reputation: 8330
Quote:
Originally Posted by theunbrainwashed View Post
Yes


Assuming I spend $50,000 per year beginning at age 18 and I live to the age of 80, a 25% sales tax will cost me three quarters of a million dollars in today`s dollars.

That degree isn`t really a bargain.
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Old 10-27-2015, 10:17 PM
 
Location: US
17,885 posts, read 17,756,963 times
Reputation: 13889
Quote:
Originally Posted by chad3 View Post
With Trumps tax plan,

The bottom 20% of income earners get 1% of the tax cuts.
And the richest 1% of income earners get 34% of the tax cuts.

Donald Trump's tax cut plan: It would cost at least $10.8 trillion, give lots of money to rich people.
Oh I see, it's more important to hurt the top than to pay 0% in income or capital gains tax.

It doesn't surprise me why so many Bernie fans can't make ends meet.
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Old 10-27-2015, 10:18 PM
 
Location: US
17,885 posts, read 17,756,963 times
Reputation: 13889
Quote:
Originally Posted by momonkey View Post
Assuming I spend $50,000 per year beginning at age 18 and I live to the age of 80, a 25% sales tax will cost me three quarters of a million dollars in today`s dollars.

That degree isn`t really a bargain.
Exactly, these aren't the smartest people we're talking about though, so they will just look for the instant gratification.
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Old 10-27-2015, 10:29 PM
 
Location: New Orleans, La. USA
5,924 posts, read 2,825,128 times
Reputation: 2184
Quote:
Originally Posted by bmw335xi View Post
That's the problem with Bernie supporters, they want Denmark services, but don't want Denmark taxes.

Sorry, but it's not going to happen, I promise you that. You can think implementing a tiny tax on Wall Street or cutting military budget would pay for it, but it won't even come close and on top of that, we need to lower our debt. If we hypothetically were able to generate enough cash to pay for all these freebies by taxing Wall Street and cutting military spending, then we would still be growing out debt at an alarming rate. Sorry Bernie supporters, but you guys need a reality check.
Above you said "we need to lower our debt", then why do you support a candidate that wants to add $10.8 trillion dollars to our debt?

Donald Trump's tax cut plan: It would cost at least $10.8 trillion, give lots of money to rich people.
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Old 10-27-2015, 10:43 PM
 
39,182 posts, read 20,288,666 times
Reputation: 12713
Quote:
Originally Posted by momonkey View Post
Assuming I spend $50,000 per year beginning at age 18 and I live to the age of 80, a 25% sales tax will cost me three quarters of a million dollars in today`s dollars.

That degree isn`t really a bargain.
I've said that before. They'll pay many times over just because they want someone else to pay now.
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Old 10-27-2015, 11:11 PM
 
Location: US
17,885 posts, read 17,756,963 times
Reputation: 13889
Quote:
Originally Posted by chad3 View Post
Above you said "we need to lower our debt", then why do you support a candidate that wants to add $10.8 trillion dollars to our debt?

Donald Trump's tax cut plan: It would cost at least $10.8 trillion, give lots of money to rich people.
Because the only real way to fix our debt is to boost our economy and this kind of tax plan along with exporting our oil, giving corporations a temporary tax holiday to bring hundreds of billions back into the country etc will increase revenues far above anything else and it won't be dependent on government!
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Old 10-27-2015, 11:18 PM
 
Location: SF Bay Area
12,300 posts, read 7,940,571 times
Reputation: 6464
Quote:
Originally Posted by chad3 View Post
With Trumps tax plan,

The bottom 20% of income earners get 1% of the tax cuts.
And the richest 1% of income earners get 34% of the tax cuts.

Donald Trump's tax cut plan: It would cost at least $10.8 trillion, give lots of money to rich people.
It is hard to get your taxes cut when you don't pay any taxes to begin with.
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Old 10-27-2015, 11:19 PM
 
Location: In a state of mind
5,998 posts, read 6,820,651 times
Reputation: 11294
Sure let's have a 25% sales tax, and 39% income tax, and 11% state income tax. Don't forget soc securtity and workers comp, there's another 8 or 10%. Then there's car taxes, property tax, excise tax, oh, let's not forget the Obamacare TAX.

Oh, wait, there's nothing left for me. So guess I'll just quit and live on the dole.
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Old 10-27-2015, 11:45 PM
 
Location: US
17,885 posts, read 17,756,963 times
Reputation: 13889
Quote:
Originally Posted by jamies View Post
Sure let's have a 25% sales tax, and 39% income tax, and 11% state income tax. Don't forget soc securtity and workers comp, there's another 8 or 10%. Then there's car taxes, property tax, excise tax, oh, let's not forget the Obamacare TAX.

Oh, wait, there's nothing left for me. So guess I'll just quit and live on the dole.
Exactly, Bernie's kind of system would force the vast majority of people dependent on government because it will take the vast majority of our income and money away.
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