Explain why this isn't the stupidest tax plan since Bush and Reagan

Explain why this isn't the stupidest tax plan since Bush and Reagan

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Looks fantastic to me?

what a fag. no one cares about details

It's going to continue the destruction of the middle class, I wouldn't be surprised if after a couple years the 1% gets a nice hefty boost to their wages while the poor continue to stagnate. This is why people become the welfare queens you faggots hate so much
Typically trump supporter. its ok if you don't understand politics, just continue swallowing the lies

>15-20% capital gains tax

What a retarded idea.

You literally cannot sell any of your assets without losing money.

It would save me about $4,500 a year, which I would use to help finance a corvette, and stimulate the economy. When I spend my own money, the economy gets just as much stimulus as when someone else spends my money.

If taxes are lower, people will work more and start more business, bringing in more taxable income

>It's going to continue the destruction of the middle class
How

You middle class are gonna win BIG LEAGUE with this tax plan. Believe me.

it should be higher??

whats your fix??

This will make it 1000% easier for people to have children at a younger age.

Those taxes are lower for the middle class? Oh and he wants to increase the standard tax credit from $8k to $15k for single filers and from $12.6k to $30k(!) for married filers.

$30k automatic tax credit for married couples means that essentially all low/middle and upper middle class households would pay zero tax.

MAGA.

That's not how capital gains taxes work. Only the profit is taxed

Looks good to me. I get taxed less under Trump than I do under Hillary. Why shouldn't I vote for him?

Because if you make 50k-100k a year (like 90% of the middle class does) then you're losing 20% of all your income to non-refundable taxes, and capital gains / dividend taxes.

>Buy a house for $200,000
>Fix it up while you live in it for 20 years.
>Sell it for $250,000
>15% capital gains tax
>5% for inspection, deed, and realtor commission
>net profit so far: $200,000
>INCOME TAX: 20%
>net profit: $160,000
>but wait, theres more
>inflation is approximately 3% per year.
>That means that $160,000 in 2036 dollars is worth about $100,000 right now

You just sold your $200,000 house for $100,000

only the gains are taxed, idiot.

stock goes from $50 to $60
the $10 are getting taxed

>the middle class only exists if the government imposes burdensome taxes
Lol

I bet you believe trickle-down caused the housing market bubble, too.

>Because if you make 50k-100k a year (like 90% of the middle class does)

Median HOUSEHOLD income in America is 50k. And remember, that's household, meaning multiple earners on average.

Better than the 33% I'm paying now. I'm sick of getting fucked every paycheck.

If you buy for 200k, and sell for 250k, capital gain is 50k. 15% tax would be $7,500. Selling expense of 5% x 250,000 is $12,500. So, you have $30,000 left. Already taxed at capital gains. So, you sold your $200,000 house for $230,000, after netting out expenses. After all taxes and fees paid, you clear $30,000. Did you ever tax any kind of math or finance class? The first $200,000 is a recovery of capital, which is not taxable.

Of course it's great desu. It's setting up a white upper class with a shitskin lower class. It will be like sharecropping where niggers do all the hard work for peanuts or go to prison while whites get to be lazy and profit from nigger labor.

the best part about it is no taxes for poorfags.

we can raise taxes on the rich if we need to, its been done a million times and its fairly easy to do.

once taxes for poorfags become 0%, if any KIKE NOSED FUCK tries to raise them we know something is wrong.

Any tax based on income is stupid.

No, user. You're stupid.

Yeah well a system fully run on profit after necessary expenses wouldn't feed the beast so well, would it?

Gotta grease the government wheels, bitch.

How about a system based on an agreed budget that all citizens are responsible for funding?

>tfw my parents together make less than 50K

>Because if you make 50k-100k a year
That's upper lower class, not "middle class".

"Middle Class" STARTS at $250k a year. What really defines "Middle Class" is available capital to start a business venture.

Another user already demonstrated fully that you don't know what the shit you are talking about. I'm just filling in the last piece of the puzzle.

American middle class makes $250k a year? Wow, thats alot. Thats a upper class salary here.

I can't tell if you're retarded or just pretending.

No. Average median household income is $50k.

>American middle class makes $250k a year?
Yes. But the hiccup is that their portion of the population is pretty narrow, and has been for the past 30 years.

"Upper Class" starts around at $600k a year. They're less than 2% of the population.

Adding to this when you sell your home up to 500k or so profit is tax free.

Capital gains tax applies to profit only, mouth breather.

>"Upper Class" starts around at $600k a year.

HAHAHAHA. Poorfag spotted, the REAL upper class starts at $3 million. You're still middle class at $1.5 million.

Reagan's tax policy was god tier. You stupid fuck.

>you're losing 20% of your income to non-refundable taxes
>he doesnt know how tax brackets work

Fucking this.

>I'll show them how smart I am
>gibberish

Nice. GJ Cleetus

>implying Reganomics didn't foster business growth that led to the dotcom boom that Clinton stole credit for
kys literally

This still pisses me off. Our forefathers fought because of all the taxes. Now I'm expected to take a 20% tax into my asshole. Fuck that and our retarded government.

Household income, thats the combined net income of two people or what?

Because it's disliked by leftists. Leftists are by definition the dumbest fucking demographic in planet earth.

we should have a VAT

But This is the future you chose trumpfag. You'd rather have shitty Pepe memes and trolling Muhh libtards, than money and prosperity. You're a fucking cancer on this country.

Is that why all the scientist are leftists? You're pretty fucking dumb.

It's not a set thing. It's the combined income of a house of people. Can range from 1-6+ earners in that one house.

probably even more since you spend your money on material goods instead of some fag in an office stamping papers or jamal's rent

>"Middle Class" STARTS at $250k a year.

Hilldogs taxes are a lot higher for every single person in this country. You CTR shills are fucking retarded. The taxes proposed by Trump are lower than current taxes for every single person too.

>accountant detected

>Wanting to lower the Federal Tax Rate by a couple percentage points now makes you a "Republican"

It's fucking disgusting. The GOP has become an empty shell of its former self - it's gone from calling for radical change to simply saying:

"Yeah, we'll tweak the system, just a bit."

Fuck Trump and fuck the Senate Republicans. Real change WHEN?

Upper middle class maybe but not Middle class

Holy fucking shit, NO!

Taxes are being lowered by more than a "couple" percentage points, as well as massive increases to standard deductions.

Basically, you're a dumb piece of shit who can't even read before crying like a bitch.

Don't you already have sales tax in certain states?

A VAT simply hides how much the government is taking from you. Over time, it gets jacked up. If you have the VAT replace the income tax, that will be temporary and the income tax will come back with the VAT. Government grows, and tries to grow its income, just as we try to grow our incomes.

Make America England Again

It would be retarded if only the rich got tax cuts, but people conveniently leave out the fact that everyone is getting a cut when discussing Trump's plan.

Yes, in almost every state. With the sales tax, the receipt shows us how much of our money is going to the state and local governments. Anytime a tax is hidden it is more easy to abuse, don't you agree brit bong?

>doesn't understand income tax
>doesn't understand capital gains
>doesn't understand the housing market
>thinks the median American household makes 100k/yr
>thinks it's worthwhile to buy a house that only appreciates 50k in 20 years
>thinks inflation is 3% a year
>thinks house inspection is 5% of your total
You literally have no room to criticize a tax plan.

Nice troll dude.

Upper class is $1,000,000,000+

VAT is 20% on pretty much everything here (exc food/baby stuff)

Acts the same as a sales tax.

My point was your VAT is hidden (albeit easily calculated), our sales tax dollar amount is printed on every receipt.

>kansas

Republicans tried their plan. It failed miserably, no jobs were created, rich just hoarded the extra money, the state is broke.

They hoarded it and probably invested in places other than a shithole like kansas.

>almost half of america won't be paying any tax

trumps tax plan is fucking retarded

how about making sure the debt is going down before you start cutting shit

kek. The 1% are only rich because they are taxed and the middle class is apparently entirely compromised of government workers.
How did you get so retarded?

VAT w/o income tax is ideal. It's not hiding how much the govt takes from you. It's a huge tax base that everyone pays into with minimal market distortions.But yeah, if they institute both then fuck no

That looks fucking great to me.

They're already taxed though and its gay as fuck. Fuck income tax and fuck capital gains tax.

While I agree... He does have a plan to monetize our military.

>trickle down doesn't work you stupid goy!!!
>which is why the government should tax the rich and trickle down the money itself!!! Protip: it doesn't work and is massively inefficient and filled with corruption

Retard 101

Standard deductions are doubled. Plus you can deduct child care expenses in his plan

What do you do about the poor that have to pay more?

My taxes would go from 25% to 10%, so that's a start. I make 70k and the government takes like 18k in taxes or something.

>Average median household
Doesn't equal middle class.

Ours is too.

Businesses don't have to pay VAT. They get it refunded so most receipts have it on there.

Its not taxed retard, the dividends are taxed. It is taxed at the company level, but so is your income. By that logic no one should pay personal income tax.

Hurrr durrr pay us for protection or we'll fuck off!

>no one pays
>world economy crippled because no world police to protect free flow of goods
>US GDP shrinks whilst trump's tax plan bring in almost nothing in taxes
>everyone losing their job left and right and in desperate need of dat government tit
>ballooning deficit spending
>credit tanked
>future generations going to be paying for trump's debt forever
>assuming the country even continues to exist

MUUUHHHHHH 1% MEME!!!!!

Are you in middle school? Who even talks like that past 8th grade

Neat, my taxes will be cut in half. Honestly, I'm not exactly sure what the federal government does with my money anyway.

holy fuck nigger. were you born into a super rich family or do you still live in your moms basement?

Trump's plan doesn'y actually address the remainder of your withholdings. You'd probably still end up paying them, and more.

it was dumb during the debate when hilary kept saying he was cutting taxes for the rich, he should have said obviously he's cutting taxes for everyone

there's probably a bunch of poor people who don't even know that his plan is for them to pay zero tax, he could win people over with that

>By that logic no one should pay personal income tax.

That's why the USA didn't have Income Tax at all until WW2. Income Tax was started in order to fund the War, and your government just decided to keep it around after the war ended because it gave them more power.

Guess im #cuck4clinton now

because all taxation is theft and the federal government wastes the fucking money anyway.

Like I said fuck income tax.

They kill worthless sandniggers and pay miliniggers/niggers/corporate welfare niggers salaries. Truly it's worth 1/3rd of my pay.

This. Fucking kikes. Now even suggesting getting rid of income tax is unheard of.

so the entire world economy is somehow crippled, but for some reason only the US gets low credit, which we need for some reason in a world economy that is, in fact, crippled. Great thinking, user.

>all taxation is theft
its still necessary but lets try to keep it a bare minimum.

I would go from 15% to 10% but then die in the famine caused when Fatty Bankrupt shuts down the global economy with literal tariffs.

bottom tier should go up to $40k, IMO

Not an argument.

You do realize how much more fucked the rest of the world sans Australasia and parts of Asia would be without American military forces?

Shit, they'd have Jus ad bellum within months for most of the Middle East.

Are you too retarded to learn how to grow or hunt food for yourself?

Why would I bring up the rest of the world? I don't give a shit about them...

Since you seem to retarded to figure it out on your own, they are just as fucked. The US getting fucked is the whole world getting fucked short of a shit hole like India. Russia will probably be fine as well.

Everywhere else the global market touches, especially China, is fucked.

two ideas on that:

>fuck em

or if you want you can get them a prebate, basically a check from the government if they fall below a certain threshold, kinda like how you would exempt someone from income tax. Monthly installments for under poverty line.

you mean deduction right?

No tax is due on the sale of your primary residence up to $250k or $500k for couples.

Either they pay us, we renegotiate our treaties, or we break out alliances.

The problem with Europe is that they have no stake in protecting themselves so they don't have any sense of nationalism or give a shit about their safety.

Let them defend themselves and watch how quick that refugee shit will stop. Europe became a fat NEET that lives in America's basement.

Im not the guy you where arguing with. But ive never heard someone past 8th grade say something like that

...

Someone turn this into a quick info-graph that tells the reader how much more they will make with trump as pres

like now pls

>fuck em
That option is never on the table and isn't worth mentioning. Even the most hardcore libertarians couldn't go through with it and would pussy out.

20% is still too high.

It should be 15% at most. That's being generous.

I think they have dungeons over there.

Also funny butt splashy things.

it doesn't matter who you are arguing its not an argument.

You sound like a burger.

God damn are you me? Seriously, I wish more Americans thought like us.

>That option is never on the table and isn't worth mentioning
Everything is always on the table. Now go fuck yourself. Plenty of people have starved in Europe before we can let them starve again.

>"Middle Class" STARTS at $250k a year.
Ah shit, that means I'm low class. Very low class.

I think he was implying the destruction of the middle class that has already occurred. His redpill of available capital to start a business venture was what determined "middle class" for a long time.

The middle class is died, and Keynesian fiscal policy combined with a heavily manipulated monetary policy fucking killed it.

Look around. Prove this wrong. Protip: you can't.

I think we're reaching a fucked up point where we feel the need to be so contrarian that even statistics and shit are "too mainstream" or something. Like how the fuck you call someone a fag for knowing shit you're too stupid to know?

Caught me, Maine represented downunder.

Also I think the butt splashy things are called Swedes.

here you go

Taxes are the fee you voluntarily choose to pay by voluntarily choosing to live in this country.

our tax system is so progressive it doesn't matter, any plan that shifts an equal burden onto every taxpayer or backs off a little from our progressive system is gonna be called regressive. We def don't want to be in a position where all of a sudden we have a mix of income tax/VAT because I think if the narrative isn't one or the other then govt will just max out both.

i get it, but i aint laughin

that's probably true.

It lowers taxes on the middle class though?

That's the thing buddy, WE have a stake in protecting them. Yeah they are benefiting from having a free superpower military looking out for them, but so are we.

Look at a fucking history book, we made the world this way ourselves.

This is all academic though, Trump is never going to win and even if he did... Congress, even with a Republican majority in both houses, isn't going to let him implement anything he says.

No. It's not. It's easy to be an edge lord on the internet, but without empathy society doesn't work. Niggers lack empathy and look how their societies turn out.

Yeah no

Marxist scum

Having US citizenship actually, you still need to pay income tax to America when working and living overseas.

>average income is not middle class

Lol, bullshit. What is then?

Thanks burger.

1776 was a mistake then yes?

way better than the 52% here

damn all this extra money in my pocket, no more gibs to illegals or AA for niggers. im ready for utopia lads

Europe is willingly committing suicide, most of their population hates us, and they have all experimented with socialism because America has provided them shelter. It is against ours AND their interests to keep this shit going like how it is.

The problems of today's world are different than 60 years ago.

Rebelling over excessive taxes and blithering on about the concept of taxes are not even close to the same thing.

what country? All I see is some costumed men who have supported themselves through intimidation and coercion.

voting for trump but anyone saying tax is not theft is a joke of a human

If you have US citizenship then you are living in this country even if you not physically in the country at the time.

It's like being a member of any organization that charges fees for membership and then complaining that you had to pay fees to maintain your membership even when you went to a third world country.

So someone who makes 25000 is not taxed at all, then if you make 25001, you get taxed 2500.1 dollars? Am I reading this correctly?

Also I'm not ok with someone who makes 50,000 dollars being taxed the same as someone who makes 150,000. Someone who makes 50,000 losing 10000 is much more harmful than someone who makes 150,000 losing 30,000. It's much harder to live off of 40,000 than off of 120,000.

It means those who fall between working and upper class in the social hierarchy.

Basically if you can run a business or practice a specialized trade or professional qualification. In other words middle management from target =/= middle class. A well to do lawyer in a small town or the local grocer would.

>Stamp Act
>not the most pants on head retarded legislation ever conceived

wew lad

Income tax shouldn't even exist. It was supposed to be temporary.

Not complaining, just correcting.

>It's like being a member of any organization that charges fees for membership and then complaining that you had to pay fees to maintain your membership even when you went to a third world country.

no it isn't, because there IS A FUCKING CONTRACT

>Excessive
Hahahahhaha. How much do you think is reasonable to defend a colony on the other side of the planet?

You were lied to burger.

I started my business with a credit card.Still going strong after 8 years. I still only net 45k a year but I like what I do.

i think this is how taxes work

Obligatory

>A fucking leaf

Only the portion of the income that falls within a certain category is taxed at that rate. If you make 25001, you will pay 10% on the dollar.

I just did the calculations under Trump's tax plan I will have an ETR(effective tax rate) of 6.3%. Under the current tax system my ETR is 14.6%. Don't you libs say Conservashits don't vote their economic interests? How is that the case for me?

>defend a colony on the other side of the planet

Taxes on America were raised to pay for your failing tea company, you ignorant little Brit.

The only one fed lies was you.

>we din't du noffin

It's brighter than misses tax everything to support welfare leeches from the Middle East. They can't blow my money fast enough so they are shipping in dune coons to help. Along with property taxes, the government just can't seem let me off the grid.

>1%
>wages

The people who own half the wealth, you think they work for wages?

This should be even more of a reason for both the poor and the middle class to vote for Trump. Current tax brackets for single filers are 10% from a yearly income of $0 to $9,275, 15% from a yearly income of $9,275 to $37,650, and 25% from a yearly income of $37,451 to $90,750. That's a decent improvement on behalf on the lower/middle class.

Because tax relief can help kick start our extremely anemic economy. Our GDP growth under Obama has averaged 1.5%. This is an unrecovery. The decade after the great depression started, even before WW2 was an average 6.5% GDP. We are experiencing the worst recovery in our history.

They mean that most government spending is in the South (on welfare for blacks and military bases) without actually realizing most conservatives don't rely on welfare checks or subsidies.

Depends on whether donald can cut govt spending or not.

There is a contract to be a US citizen. You didn't sign it, but your parent's did on your behalf. Blame them. You can even get out of it.

travel.state.gov/content/travel/en/legal-considerations/us-citizenship-laws-policies/renunciation-of-citizenship.html

This. And in Canada we have TFSA tax free savings accounts in which you can place a set amount, 4500 a year stacking each year or w/e and all gains on that amount are tax free.
Plus he is going to eliminate the death tax so your kids get your stuff. He's a family dude.

the fate of the free world is in the hands of a bunch of americuck voters like this guy

Trickle down economics doesn't work.

The US is already $20 trillion in debt so I don't see how these tax plans won't cause more of a deficit.

>defend a colony on the other side of the planet?
Defend from what? People who give away all their possessions for shiny beads?

Countries that have to send forces halfway around the world themselves?

Curious. What is your business?

Sorry I apologize on behalf of our Common Core educated retards from USA.

I dont care about taxes i care about dems flooding the country with cheap labor.

>never traded in any market ever or had to pay capital gains for any reason
>bitches on the internet about capital gains.
Ok.

> tax cuts for everyone
> Reagan's plan + 10 yeads + forcing banks to give loans to niggers that couldn't afford to pay back loans + nafta = Clinton great prosperity meme = recession blamed on W Bush

>5 trillion deficit with economic growth effects factored in

the magical tariff fairy will solve everything guys!

This post and its replies made me realize how little many people know about the most basic finances. No wonder they also think Clinton is some genius and the Donald is some asshole for finding loopholes that are gray area legal to not pay as much taxes.

People in America are really stupid.

First thing Trump needs to do is seriously better out fucking education system.

Yea I mean I guess I'm lower class technically although I'm only 23 and will probably be making more money in the future. But I don't get any benefits from the govt. They just take my money.

That's not how progressive tax brackets work.

Let's say you make 170k in Trump's system. Obviously, you're in the 25% bracket but that doesn't mean the 170k is taxed all at 25%. It is divided among the brackets.

So for the first 25k of your 170k, you pay 0% in taxes which is $0. That's the first bracket.
For the next 25K of your 170k, you pay 10% in taxes which is $2.5k.
For the next 100k of your 170k, you pay 20% in taxes which is $20k.
For the last 20K of your 170k, you pay 25% in taxes which is $5k.

So your total taxes is 0 + 2.5 + 20 + 5 = $27.5k

Leaving you with a take-home salary of 142.5k

>Reagan's plan + 10 yeads + forcing banks to give loans to niggers that couldn't afford to pay back loans + nafta


Reagan didn't have anything to do with any of that shit. NAFTA was a nineties thing. Liar loans are a 2000's thing.

This is actually really good for showing normies. Trumps cuts for the wealthy aren't that different from Obama's. Just with Trump, everyone gets more.

What would be even better would be Trump's against Hillary's

Keep living the American Meme burger.

Why don't you want to live free?
Fuck Trump. Just pay us our 2% and we'll protect you from terrorists and Russia.

If you took all wealth in America, you wouldn't fix the debt.

What we need is to better our manufacturing, trade, fixing our deficits, and just weathering the hardship that comes. We must suffer to fix the problem. You can't prolong the suffering forever.

Because Herman Cain's was slightly stupider.

P.S Herman Cain's CIA handler is also Donald Trump's. Follow the numbers; 9 9 9

Then you're golden to vote for lower taxes on yourself.

Unless you want to do business in democrat/minority filled areas.

No representation without taxation.

>I dont care about taxes i care about dems flooding the country with cheap labor.


Well, that puts you in z lower tax bracket.

Hillary is the same as Obama, just 43.9% on people over 5 million.

Is that why you collected all the knives and guns?

Will you implement mass bayonet charges?

You got that backwards, baby.

holy shit, how isn't he fifty points ahead fampai?

I'm convinced many jews do so well in society because they understand usury/interest rates.

It's Britain. So of course it's inverted.

Yeah that's my point. Clinton elected. Reagan's policies taking effect, people starting to make bank. Everyone getting loans, internet becomes a thing businesses pop up all over online. Bush gets elected. Internet businesses sell to a few big names, people that been behind on mortgage loans for years all go bankrupt, less and less jobs because nafta. Bubble pops, Obama elected. "Hey i gotta fix what Bush broke okey doke"

>tax cuts for middle class
>destroys middle class

t. nigger

It's simply not a recovery. Most of the markers are even worse than in 2008.

>single filers

You know what I really like about Trump's tax plan? It's good for single filers but it's even better for married people and even more so if you have kids with good income (as it's not welfare, it's a tax deduction). So people with income are encouraged to marry and have kids. ie. white people.

It's actually a very nice, subtly pro-white plan.

So Clinton looks great because he was riding a wave reagan made that crashed for bush

This faggot may be trolling but my family is full of democrats and they are much worse than this.

They actually thought the Sanders protesters at the DNC were republican plants.
It blew my fucking mind.

Yeah because we import all our food from China and Vietnam.

Manufacturing is never coming back friend, ever, unless we implement the hardest core hardcore protectionism in the history of all protectionismdom...

And that simply isn't going to happen because business won't allow it.

Or we could let Republicans abolish the minimum wage, I am sure a ton of Americans are willing to work for $1.05 an hour so they can compete with Chinese workers.

Oh right, they aren't.

I don't know, bright colors and strange genitals are hallmarks of reptiles.

just looked at trumps website which says something completely different

>>donaldjtrump.com/policies/tax-plan/?/positions/tax-reform

Brackets & Rates for Married-Joint filers:
Less than $75,000: 12%
More than $75,000 but less than $225,000: 25%
More than $225,000: 33%
*Brackets for single filers are ½ of these amounts

No, I was referring to the guy who he was repling to.

are we just going to ignore this?

>And that simply isn't going to happen because business won't allow it.

Do whatever needs to be done to make it profitable to have manufacturing and other blue collar jobs here in America.

I was in my late 20's when the Clinton tech boom happened. Idiots were becoming instant millionaires. I was a lowly electrician, but those were some of the best years of my life. Everyone was making bank. It was crazy.


Bill Clinton had nothing to do with it though. The IT revolution just cucked happened . . . then it popped. I remember removing electrical equipment while groups of a dozen at a time were called down to the basement to get "laid off."

Sad faces.

Somehow I read republican as reptilian.

I will not apologize.

You're retarded

Unholy fuck!, if you think trump has a bad tax plan, wtf do you think of clinton's?

> durr time for the rich to pay!
> the few that do pay taxes send all their money to where the ones thar don't send theirs.
> even less money for all the gibs
> 500% more refugees to pay for on top of that.
> add the rapes

Great plan

>65% inheritance tax
>All this wealth that you earned and paid tax on is now mine when you die
>Fuck your children inheritance is white privilege

Inheritance taxes should be fucking illegal.