Politics This video about sums it up on why I am voting for Trump

[magnifier661]

He's getting much more Democrat support than I've ever seen.

Do you think #Trump Tax Plan helps his numbers: 50% Democrats | 83% Independents | 77% Republicans SAY YES! HUGE

 

[magnifier661]

http://www.cnn.com/2015/09/28/politics/donald-trump-tax-plan/index.html

Donald Trump unveils plan to slash taxes for the poor -- and the wealthy

New York (CNN)Donald Trump is vowing to drastically cut income taxes for millions of Americans across the wealth spectrum while casting aside loopholes popular on Wall Street.

"It will provide major tax relief for middle income and for most other Americans. There will be a major tax reduction," Trump said Monday at a press conference at Trump Tower in New York as he unveiled his plan to revamp the tax code. "It'll simplify the tax code, it'll grow the American economy at a level that it hasn't seen for decades."

The highly anticipated tax plan comes as Trump is being pressed to provide more details about how his administration would govern.

One of the biggest beneficiaries appears to be families that draw the smallest paychecks, who Trump said would pay no income taxes under his plan. However, the proposal would also be a boon for the wealthiest Americans like Trump -- the top bracket includes couples making more than $300,000 -- who would pay an income tax rate of 25%, according to the Wall Street Journal. That's a drastic cut from the current top rate of close to 40%.

The tax cuts for top earners could open Trump up to charges of hypocrisy. The real estate magnate has surged to the top of the polls by touting a populist tone, lamenting that wealthy people like himself should pay more.

But the most pressing question that Trump must answer is how he would raise enough revenue to offset his plan's drastic tax cuts.

The candidate says he would make up for the difference in a number of ways: killing certain deductions for the rich and creating incentives for U.S. companies to bring back cash currently held overseas, thereby boosting growth at home.

Trump's tax plan broadly mirrors that of one of his main rivals: Jeb Bush.

Bush's proposal released this month also reduces the number of income tax brackets -- to three from the current seven. The highest tax bracket under the former Florida governor's plan is 28%, and the lowest is 10%. Bush also proposed lowering the corporate tax rate, from 35% to 20% -- another popular idea among conservatives.

Like Bush, one loophole Trump would target is the preferential treatment for carried interest, which is a share of profits paid to investment managers.

Since launching his White House campaign in June, Trump has made sweeping attacks on hedge fund managers who are paid in carried interest.

Trump, who claims that his personal assets are valued at more than $10 billion, frequently makes the distinction between investors who work in real estate and those on Wall Street. Hedge fund managers, he often says, fall in the category of special interests backing some of his well-connected and best-funded rivals.

"I know them. They all are supporting Jeb Bush and Hillary Clinton," Trump told CNN at a campaign stop in Nashville, Tennessee, last month. "They make a lot of money and a lot of it is luck. They pick a stock and all of a sudden they make a lot of money. I want the hedge fund guys to pay more taxes."

The tax rate of hedge fund managers is a favorite political target for the 2016 presidential candidates.

"We will treat all noninvestment income the same, so unless you stake capital in an investment, you won't be able to claim the capital-gains tax rate on your market gains," Bush's tax proposal said.

It's also popular rallying cry for the Democratic candidates.

Former Secretary of Hillary Clinton has been hitting Wall Street tax breaks since the first days of her campaign, as she's faced pressure from progressive Democrats to embrace a more populist agenda. Antagonism towards Wall Street is a central message of Clinton's rivals like Vermont Sen. Bernie Sanders and former Maryland Gov. Martin O'Malley.

 

[magnifier661]

https://www.donaldjtrump.com/positions/tax-reform

TAX REFORM THAT WILL MAKE AMERICA GREAT AGAIN
The Goals Of Donald J. Trump’s Tax Plan



Too few Americans are working, too many jobs have been shipped overseas, and too many middle class families cannot make ends meet. This tax plan directly meets these challenges with four simple goals:

1. Tax relief for middle class Americans: In order to achieve the American dream, let people keep more money in their pockets and increase after-tax wages.
2. Simplify the tax code to reduce the headaches Americans face in preparing their taxes and let everyone keep more of their money.
3. Grow the American economy by discouraging corporate inversions, adding a huge number of new jobs, and making America globally competitive again.
4. Doesn’t add to our debt and deficit, which are already too large.

The Trump Tax Plan Achieves These Goals

1. 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. That removes nearly 75 million households – over 50% – from the income tax rolls. They get a new one page form to send the IRS saying, “I win,” those who would otherwise owe income taxes will save an average of nearly $1,000 each.
2. All other Americans will get a simpler tax code with four brackets – 0%, 10%, 20% and 25% – instead of the current seven. This new tax code eliminates the marriage penalty and the Alternative Minimum Tax (AMT) while providing the lowest tax rate since before World War II.
3. No business of any size, from a Fortune 500 to a mom and pop shop to a freelancer living job to job, will pay more than 15% of their business income in taxes. This lower rate makes corporate inversions unnecessary by making America’s tax rate one of the best in the world.
4. No family will have to pay the death tax. You earned and saved that money for your family, not the government. You paid taxes on it when you earned it.

The Trump Tax Plan Is Revenue Neutral



The Trump tax cuts are fully paid for by:

1. Reducing or eliminating most deductions and loopholes available to the very rich.
2. A one-time deemed repatriation of corporate cash held overseas at a significantly discounted 10% tax rate, followed by an end to the deferral of taxes on corporate income earned abroad.
3. Reducing or eliminating corporate loopholes that cater to special interests, as well as deductions made unnecessary or redundant by the new lower tax rate on corporations and business income. We will also phase in a reasonable cap on the deductibility of business interest expenses.

DETAILS OF DONALD J. TRUMP’S TAX PLAN



America needs a bold, simple and achievable plan based on conservative economic principles. This plan does that with needed tax relief for all Americans, especially the working poor and middle class, pro-growth tax reform for all sizes of businesses, and fiscally responsible steps to ensure this plan does not add to our enormous debt and deficit.



This plan simplifies the tax code by taking nearly 50% of current filers off the income tax rolls entirely and reducing the number of tax brackets from seven to four for everyone else. This plan also reduces or eliminates loopholes used by the very rich and special interests made unnecessary or redundant by the new lower tax rates on individuals and companies.



The Trump Tax Plan: A Simpler Tax Code For All Americans



When the income tax was first introduced, just one percent of Americans had to pay it. It was never intended as a tax most Americans would pay. The Trump plan eliminates the income tax for over 73 million households. 42 million households that currently file complex forms to determine they don’t owe any income taxes will now file a one page form saving them time, stress, uncertainty and an average of $110 in preparation costs. Over 31 million households get the same simplification and keep on average nearly $1,000 of their hard-earned money.

 

[barfo]

https://www.donaldjtrump.com/positions/tax-reform

TAX REFORM THAT WILL MAKE AMERICA GREAT AGAIN
The Goals Of Donald J. Trump’s Tax Plan

Looks like Donald copied off Jeb's homework.

barfo

 

[magnifier661]

Looks like Donald copied off Jeb's homework.

barfo

But he didn't... Let's see the differences shall we?

1.) Trump's plan has 4 levels - Bush has 3

2.) Bush single filers pay a 10% from $0-43k - Trump has at 0% from $0-25k

3.) Bush single filers pay 25% from $43-97k - Trump has at 10% at 25,001-50k

4.) Bush single filers pay 28% from $97k or more - Trump has a 20% for 50k-150k

5.) Trump adds a 4th of 25% for 150k and up.

6.) Bush has a 20% tax for corporations - Trump has a 15%

7.) Bush still allows Hedge Funds to roll over their capital gains to take advantage of the long term capital gains, Trump eliminates this tax deferral.

8.) Bush gave no policy on how to bring over seas's money back into the country. Trump will give them a 1 time 10% break incentive to bring offshore money back into the country

 

[julius]

So, how are we going to pay for anything if 50% of the tax payers will now pay nothing?

 

[magnifier661]

So, how are we going to pay for anything if 50% of the tax payers will now pay nothing?

The Hedge Funds, bringing back off-shore money, adding added tariffs on imported goods (which will force US companies to bring jobs back and stimulate industry), renegotiating foreign trade agreements

 

[magnifier661]

Also, Taxing investment brokers regular tax on getting profit from day trades or early sells will stimulate them to go long on a lot of buys, which will not artificially drop or gain stocks with managers with a lot of managed money.

 

[julius]

The Hedge Funds, bringing back off-shore money, adding added tariffs on imported goods (which will force US companies to bring jobs back and stimulate industry), renegotiating foreign trade agreements

somehow I doubt that will make up the difference.

 

[riverman]

It's a big if that companies are going to come back stateside and give up what they've established overseas...I think it's probably bullshit projecting they will because of a small tax break compared to the decreased cost of living and labor cost in a place like China

 

[BlazerCaravan]

Look @barfo im pretty sick and tired of the GOP as much as the DNC. Neither party truly gives two shits about what we want. It's like ring around the roses as we the people take turns getting ass raped.

And you think Donald give more of a fuck for you than anyone else?!

 

[magnifier661]

And you think Donald give more of a fuck for you than anyone else?!

No, I think he gives more of a fuck about America.

 

[kingslayer]

The Hedge Funds, bringing back off-shore money, adding added tariffs on imported goods (which will force US companies to bring jobs back and stimulate industry), renegotiating foreign trade agreements

Also, Taxing investment brokers regular tax on getting profit from day trades or early sells will stimulate them to go long on a lot of buys, which will not artificially drop or gain stocks with managers with a lot of managed money.

That's an awful lot of pipe dreams to hinge on.

 

[kingslayer]

No, I think he gives more of a fuck about himself.

FTFY

 

[magnifier661]

FTFY

If that were the case, then why run? There really is no true incentive to run for office. His net worth is over 5 billion and this campaign will cost him hundreds of millions of dollars. He is actually promoting himself to get taxed more, will not take a salary when in office and is going after the very same people that he was friends with.

Maybe gets a book deal? That will never cover the cost of his campaign, even if its a top seller for 2 years. Also, he cannot focus as hard on his own economic empire, so he's most likely losing money there as well.

 

[magnifier661]

That's an awful lot of pipe dreams to hinge on.

Well, he will be giving a detailed description in mid October of his economic policy. I'm sure this explanation will be in full detail for you to review.

There can be a ton of cuts with stupid expenses within.

http://www.heritage.org/research/reports/2014/12/federal-spending-by-the-numbers-2014

Now any candidate can promise to cut these enormously ridiculous, but not ones that are backed by the big money and lobby groups that truly control DC. And none of the candidates really has the balls to call out those that won't support a balanced budget, that will cut away at the deficit, while increasing the GDP

 

[BlazerCaravan]

No, I think he gives more of a fuck about America.

Bullshit; he gives more of a fuck about Donald Trump than anyone or anything. I don't want to be his employee for four years.

 

[magnifier661]

Bullshit; he gives more of a fuck about Donald Trump than anyone or anything. I don't want to be his employee for four years.

I already explained why I think that's false, but if you feel its all about him so you will refuse to read his policies and how he believes he wants to make America Great Again, then that's fine. That's obviously your right and choice

 

[barfo]

adding added tariffs on imported goods (which will force US companies to bring jobs back and stimulate industry), renegotiating foreign trade agreements

Y'know, I'd actually like to hear more about The Donald's plans for foreign trade. That sounds both implausible and dangerous. Might actually do more damage than rounding up and deporting 12 million people.

barfo

 

[magnifier661]

Y'know, I'd actually like to hear more about The Donald's plans for foreign trade. That sounds both implausible and dangerous. Might actually do more damage than rounding up and deporting 12 million people.

barfo

https://www.census.gov/foreign-trade/balance/c5700.html - China (202 billion deficit so far this year) taxing that by an additional 20-30% tariff (which they charge us 40% going there) adds and additional 40-60 billion in revenue for just one country.

And China makes hundreds of billions to our 9 billion. Let them have a trade war with us. They would lose

 

[VanillaGorilla]

If that were the case, then why run? There really is no true incentive to run for office. His net worth is over 5 billion and this campaign will cost him hundreds of millions of dollars. He is actually promoting himself to get taxed more, will not take a salary when in office and is going after the very same people that he was friends with.

Maybe gets a book deal? That will never cover the cost of his campaign, even if its a top seller for 2 years. Also, he cannot focus as hard on his own economic empire, so he's most likely losing money there as well.

No one thinks he is doing this for money.. He already has too much of that. But he's definitely much more famous right now than he has ever been before because he is running for president. Fame could easily be one of his main incentives.

 

[magnifier661]

No one thinks he is doing this for money.. He already has too much of that. But he's definitely much more famous right now than he has ever been before because he is running for president. Fame could easily be one of his main incentives.

A normal campaign will cost him close to 1 billion dollars. His fame isn't what made him a billionaire, it was his development deals. The less time he pays attention to that facet of his revenue stream, that is less money in his pockets. His fame has made him money, but not even close to what he's made in real estate.

 

[VanillaGorilla]

A normal campaign will cost him close to 1 billion dollars. His fame isn't what made him a billionaire, it was his development deals. The less time he pays attention to that facet of his revenue stream, that is less money in his pockets. His fame has made him money, but not even close to what he's made in real estate.

Fame is valuable even if it doesn't make a person a ton of money though. People will do all sorts of things for fame.

 

[magnifier661]

Fame is valuable even if it doesn't make a person a ton of money though. People will do all sorts of things for fame.

Okay, that I definitely agree with! Trump has his cover photos plastered all over his wall in his office. He also has tons of trophies behind him. He is absolutely egotistical just like your description.

But here's my rebuttals. If he is so concerned with winning and being right, why try and run for something, that you don't believe you can change? If he fails as president, his name will be tarnished forever. He would be a laughing stock among his peers, which to a person like him, would be worse than losing all his money.

So yes, I'm sure he's doing it for fame, but no, I don't think he will fail. And his fame would be immortalized by turning the country around and saving the middle class.

 

[blue32]

Okay, that I definitely agree with! Trump has his cover photos plastered all over his wall in his office. He also has tons of trophies behind him. He is absolutely egotistical just like your description.

But here's my rebuttals. If he is so concerned with winning and being right, why try and run for something, that you don't believe you can change? If he fails as president, his name will be tarnished forever. He would be a laughing stock among his peers, which to a person like him, would be worse than losing all his money.

So yes, I'm sure he's doing it for fame, but no, I don't think he will fail. And his fame would be immortalized by turning the country around and saving the middle class.

Mags, keep fighting the good fight. I am with you. I as well want to see this place get turned around in the right direction.

 

[magnifier661]

http://buzzpo.com/obama-let-this-marine-rot-in-jail-look-what-donald-trump-did-for-him/

Another act of kindness by trump that he never publicized.

 

[magnifier661]

Brand new PPP poll has trump 26, Carson 12

http://www.publicpolicypolling.com/pdf/2015/PPP_Release_NC_92915.pdf

 

[PtldPlatypus]

Okay, that I definitely agree with! Trump has his cover photos plastered all over his wall in his office. He also has tons of trophies behind him. He is absolutely egotistical just like your description.

But here's my rebuttals. If he is so concerned with winning and being right, why try and run for something, that you don't believe you can change? If he fails as president, his name will be tarnished forever. He would be a laughing stock among his peers, which to a person like him, would be worse than losing all his money.

So yes, I'm sure he's doing it for fame, but no, I don't think he will fail. And his fame would be immortalized by turning the country around and saving the middle class.

Narcissism is, by definition, irrational. If you think you are the greatest thing ever, that the world essentially exists for your benefit, then you are virtually incapable of believing that failure is even a possibility.

The cynical view (to which I'm not yet sure whether I subscribe) would suggest that narcissist Trump's primary motivation for the presidency is similar to Jafar not being satisfied with being a sultan and a sorcerer, and using his third wish to become a genie. So focused he was on the power, he completely overlooked the drawbacks and restrictions.

 

[magnifier661]

Narcissism is, by definition, irrational. If you think you are the greatest thing ever, that the world essentially exists for your benefit, then you are virtually incapable of believing that failure is even a possibility.

The cynical view (to which I'm not yet sure whether I subscribe) would suggest that narcissist Trump's primary motivation for the presidency is similar to Jafar not being satisfied with being a sultan and a sorcerer, and using his third wish to become a genie. So focused he was on the power, he completely overlooked the drawbacks and restrictions.

If you don't believe most, if not all, are not narcissistic, then I will just agree to disagree with you.

 

[PtldPlatypus]

If you don't believe most, if not all, are not narcissistic, then I will just agree to disagree with you.

I didn't say they weren't. The question you posed was, "Why would a billionaire be running for President if he didn't love America." The answer is power.

And besides that, you have to admit that the Jafar analogy was pretty tight.