Thread: Donald Trump’s Plan for Your Taxes Might Be EXACTLY What He Needs to Win the White Ho

Donald Trump’s Plan for Your Taxes Might Be EXACTLY What He Needs to Win the White House

The liberal media has been going absolutely berserk over Donald Trump’s remarks on immigration. However, they are ignoring his stances on other issues, some of which are very insightful.

In his book, “Time to Get Tough: Making America #1 Again,” published in 2011, Donald Trump laid out a plan to transform America’s tax code, and it is beautiful.

Trump’s code, which he calls the “1-5-10-15 income tax plan,” is a simplistic way to fix our nation’s broken taxation system, without putting the strain on any particular group of people.

Under Trump’s tax plan, those making up to…

• $30,000 per year will pay 1 percent in federal income taxes
• $30,000 to $100,000 will pay 5 percent
• $100,000 to $1 million will pay 10 percent
• $1 million or above will pay 15 percent

“It’s clear and fair,” wrote Trump on his tax plan. “Best of all, it can be filled out on the back of a postcard and will save Americans big bucks on accountants and massive amounts of time wasted attempting to decipher the tax code.”


Trump also wrote, “Imagine your paycheck was 40 percent higher than it currently is. What could you do with 40 percent more wealth? How many jobs and opportunities for others could you create?”

“The longer you really think about it the madder you will get,” he wrote, “especially when you consider the waste, fraud, and abuse the federal government traffics in as it inflicts its self-defeating policies on hard-working Americans.”

Trump’s rhetoric on taxes continues to this day. On CBS’ “Face the Nation,” Trump stated that he tries to pay as little tax as possible.

“I fight like hell to pay as little as possible, for two reasons. Number one, I am a businessman, and that’s the way you are supposed to do it. And you put the money back in your company and employees and all of that.”

He also added, “But the other reason is that I hate the way our government spends our taxes. I hate the way they waste our money, trillions and trillions of dollars of waste and abuse. And I hate it.” (H/T WND)

Trump’s proposed tax plan is fair and shows real promise at fixing what has arguably become America’s biggest headache. It doesn’t tax the poor to the point of bankruptcy, and it doesn’t punish the rich for being successful.

Share this on Facebook and Twitter so others can read about Donald Trump’s amazing tax plan.

http://conservativetribune.com/donal...lan-for-taxes/

That was in 2011. He needs to update himself on the FairTax so no one pays any income tax at all. I'm sure coming from New York he's familiar with consumption taxes, also called retail sales taxes, well, that's what the FairTax is, a retail sales tax on new goods and services. All the embedded income taxes now in prices would disappear and in their place is the FairTax included in the price. Everyone who wants it who is a US citizen or legal permanent resident (illegal aliens and nonresidents are not eligible) can sign up for a Rebate that would be approximately $7,000 a year for a family of 4 to pay all FairTax you could spend up to the family household consumption allowance to exempt FairTax on essentials, which for a family of 4 would be approximately $30,000. After that you decide what you buy and what you pay for it including the FairTax that's included in the price. Used goods like second occupant homes, cars, clothes, equipment, appliances and so forth are all exempt. All purchases used for business to business transactions are exempt as is education. The FairTax has an 8.09% rate earmarked to robustly fund Social Security and Medicare and a 14.91% rate to fund general revenue.

No tax returns, no post cards, no invasion of privacy, no theft of income, no IRS handing out tax credits to illegal aliens.

HR 25 in the US House of Representatives and S 155 in the US Senate.

Wake Up, Donald Trump! You're going after free trade to stop that nonsense, you're going after illegal immigration to end this travesty, so if you support the FairTax and end the federal income tax, well, it's the Trump Trifecta.

Originally Posted by Judy

That was in 2011. He needs to update himself on the FairTax so no one pays any income tax at all. I'm sure coming from New York he's familiar with consumption taxes, also called retail sales taxes, well, that's what the FairTax is, a retail sales tax on new goods and services. All the embedded income taxes now in prices would disappear and in their place is the FairTax included in the price. Everyone who wants it who is a US citizen or legal permanent resident (illegal aliens and nonresidents are not eligible) can sign up for a Rebate that would be approximately $7,000 a year for a family of 4 to pay all FairTax you could spend up to the family household consumption allowance to exempt FairTax on essentials, which for a family of 4 would be approximately $30,000. After that you decide what you buy and what you pay for it including the FairTax that's included in the price. Used goods like second occupant homes, cars, clothes, equipment, appliances and so forth are all exempt. All purchases used for business to business transactions are exempt as is education. The FairTax has an 8.09% rate earmarked to robustly fund Social Security and Medicare and a 14.91% rate to fund general revenue.

No tax returns, no post cards, no invasion of privacy, no theft of income, no IRS handing out tax credits to illegal aliens.

HR 25 in the US House of Representatives and S 155 in the US Senate.

Wake Up, Donald Trump! You're going after free trade to stop that nonsense, you're going after illegal immigration to end this travesty, so if you support the FairTax and end the federal income tax, well, it's the Trump Trifecta.

Even Trump knows the so-called FairTax plan is actually unfair and won't work. There is a reason none of the candidates are vocally supporting the plan.

Originally Posted by MW

Even Trump knows the so-called FairTax plan is actually unfair and won't work. There is a reason none of the candidates are vocally supporting the plan.

MW, sales taxes work. For you to claim otherwise is ridiculous. But if for some untold peculiar reason you prefer to report your finances to the Nanny State and have your hard-earned income robbed by it, then of course, you are free to expound upon your personal opinion.

The reason most of these candidates prefer the income tax is so they can see what each other makes when they demand to see each other tax returns during campaigns. At the end of the day, I don't think Donald Trump will be a stupid voyeur, however, unless he comes out and supports the FairTax, then that is what he will prove himself to be.

Plus, there are 2 candidates who do support the FairTax, Ted Cruz and Mike Huckabee. Ted Cruz is a sponsor of the legislation in the US Senate. And there are probably others who support it as well.

Originally Posted by Judy

MW, sales taxes work. For you to claim otherwise is ridiculous. But if for some untold peculiar reason you prefer to report your finances to the Nanny State and have your hard-earned income robbed by it, then of course, you are free to expound upon your personal opinion.

The reason most of these candidates prefer the income tax is so they can see what each other makes when they demand to see each other tax returns during campaigns. At the end of the day, I don't think Donald Trump will be a stupid voyeur, however, unless he comes out and supports the FairTax, then that is what he will prove himself to be.

Plus, there are 2 candidates who do support the FairTax, Ted Cruz and Mike Huckabee. Ted Cruz is a sponsor of the legislation in the US Senate. And there are probably others who support it as well.

How Presidential Candidate Ted Cruz Would Radically Increase Taxes on Everyone But the Rich

---

March 23, 2015 03:10 PM
By Richard Phillips, Research Analyst at CTJ | Permalink |

Texas Senator, and now presidential candidate, Ted Cruz is a supporter of radical tax plans that would dramatically increase taxes on poor and middle class Americans in order to pay for huge tax cuts for the wealthiest Americans. While he has not clearly established which he favors more, Cruz has endorsed both the creation of a flat income taxand a bill that would replace the progressive income tax system with a national sales tax, a plan misleadingly called the "Fair Tax."

While Ted Cruz may portray himself as wanting to lower taxes, the reality is that under the tax plans he has endorsed, the overwhelming majority of Americans would likely see their taxes go up considerably. Looking at the "Fair Tax," an Institute on Taxation and Economic Policy (ITEP) study found that the bottom 80 percent of taxpayers would see their federal taxes go up by about $3,200 on average annually. In contrast, ITEP found that the top 1 percent of taxpayers would receive an average annual tax cut of $225,000.

On the flat tax, Cruz has not yet spelled out a specific plan that he would like to see enacted, but it's unlikely that any plan he proposed will be significantly better than the extremely regressive flat tax proposals that have been offered in the past. For example, an ITEP analysis of Senator Arlen Specter's flat tax proposalfound that the bottom 95 percent of Americans would see their annual taxes increase by $2,900 on average, while the top 1 percent of taxpayers would see their taxes decrease by $210,000 on average.

When speaking about the tax system, Cruz has also peddled a patently irresponsible promise to abolish the IRS, without specifying how our country might go about collecting tax revenues (including Social Security and Medicare taxes) without a revenue collection agency. Even though much of Cruz’s rhetoric is likely bluster and contains factual inaccuracies, it's still dangerous demagoguery.

Cruz's approach on taxes is so unfair that even some conservatives suspect that it will not prove politically popular. Making this point, Pew Research recently found that even 45 percent of Republicans believe some wealthy people don't pay their fair share in taxes, meaning a substantial portion of the Republican primary voters may not be able to stomach the massive tax breaks for the wealthy that Cruz is advocating.
Looking forward, here's hoping that we see other presidential candidates reject Cruz's regressive tax approach in favor of tax reform ideas that ensure that the rich and profitable corporations are paying their fair share.

http://www.taxjusticeblog.org/archiv...p#.VcqlALP1n48

Originally Posted by MW

http://www.taxjusticeblog.org/archiv...p#.VcqlALP1n48

Who are you quoting now?

The people you are quoting now are the people who are responsible for sending our money supply, investment capital and manufacturers out of the country, the people who burden every business and every citizen with tax returns, invasion of financial privacy, higher prices covering the cost of tax payments and tax compliance, underfunding of Social Security and Medicare, and of course, the ever-growing $18 trillion and climbing national debt. These are the people you are quoting, people intent on destroying our nation in some bizarre inexplicable trek to "tax the rich" and our employers.

These are the people who work for a 501 C 3 "charity" fraud that doesn't pay any tax at all while using "charity" money in their quest to use laws that force everyone else to pay income taxes so their employer doesn't have to pay them. Under the FairTax, their game is over, because no business, profit or non-profit, pays any income tax so now they're on the same playing field as everyone else with one exception: when there is no income tax, there is nothing for this organization to "research", "report" or "testify" about. Like so many useless 501 C 3 "charity" frauds, under the FairTax, they're out of business because the FairTax is so simple, any fool or third-grader can understand it and for the first time in over 102 years, every enterprise operates on the same basis on a equal playing field and every person pays the FairTax based upon their own voluntary purchasing decisions. Of course all US citizens and legal permanent residents can sign up for a Rebate if they like and receive a monthly amount equal to the FairTax cost up to the household consumption allowance which for a family of 4 is $7,000 per year based on an annual consumption allowance of around $30,000. So their first $30,000 or so in spending on new goods and services is spent tax-free and since all used goods purchases are exempt which would include most homes, their first $40,000 plus is spent tax-free.

But that's okay, MW. I understand you have some bizarre affection for the income tax. Maybe one day, you'll decide to share why that is. Until then, we'll continue to banter on the subject of the FairTax, the best tax and economic development proposal that's ever been presented to the United States Congress and the American People.