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We need policy that differentiates between gains of the venture capitalists who create and the vampire capitalists that specialize in destroying with the Buy company -> Debt -> Payouts to new owners -> Bankrupt the company and go to the next one.
So, with all the responses that trump's plan would work better than clinton's plan, I'm wondering how a nonpartisan organization with experts doing the analysis, the Tax Policy Institute, could be so incredibly wrong about it.
"The Urban-Brookings Tax Policy Center aims to provide independent analyses of current and longer-term tax issues and to communicate its analyses to the public and to policymakers in a timely and accessible manner. The Center combines top national experts in tax, expenditure, budget policy, and microsimulation modeling to concentrate on four overarching areas of tax policy that are critical to future debate."
I mean, heck, yeah... there is a world of difference between 1.8% and .2%. Not to mention, the world of difference between 1.8% and the 10% he is hawking on his commercial. No 'truth in advertising' issue, there, eh?
Trump:
"The TPC estimates that those in top 0.1% of households -- who have incomes topping $3.7 million -- would see their tax bill cut by $1.1 million on average, or 14%.
By contrast, those in the very middle of the income distribution would see an average tax cut of $1,010, or 1.8%."
Clinton:
"The top 0.1% would see their tax bill go up on average by more than $800,000, or nearly 11%.
By contrast those in the middle of the income distribution would see their tax bill cut by $110, or 0.2%"
So, with all the responses that trump's plan would work better than clinton's plan, I'm wondering how a nonpartisan organization with experts doing the analysis, the Tax Policy Institute, could be so incredibly wrong about it.
"The Urban-Brookings Tax Policy Center aims to provide independent analyses of current and longer-term tax issues and to communicate its analyses to the public and to policymakers in a timely and accessible manner. The Center combines top national experts in tax, expenditure, budget policy, and microsimulation modeling to concentrate on four overarching areas of tax policy that are critical to future debate."
I mean, heck, yeah... there is a world of difference between 1.8% and .2%. Not to mention, the world of difference between 1.8% and the 10% he is hawking on his commercial. No 'truth in advertising' issue, there, eh?
Trump:
"The TPC estimates that those in top 0.1% of households -- who have incomes topping $3.7 million -- would see their tax bill cut by $1.1 million on average, or 14%.
By contrast, those in the very middle of the income distribution would see an average tax cut of $1,010, or 1.8%."
Clinton:
"The top 0.1% would see their tax bill go up on average by more than $800,000, or nearly 11%.
By contrast those in the middle of the income distribution would see their tax bill cut by $110, or 0.2%"
The plan would increase the standard deduction in 2015 from$6,300 to $25,000 for single filersand from $12,600 to $50,000 for married couples filing jointly, while maintaining existing personal and dependent exemptions ($4,000 per person in 2015).
A married couple with 2 children could earn $66,000 and pay no federal income tax.
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