Quote:What are you talking about? He is lowering taxes across the board

 

Fewer and lower rates: Trump would reduce the current seven income tax rates to just three: 10%, 20% and 25%. That's well below today's top rates of 28%, 33%, 35% and 39.6%.

Much bigger standard deduction: Trump would also increase the standard deduction to $25,000 for single filers and $50,000 for married couples. That's about four times higher than the current one.

Limit value of itemized deductions: Most filers would choose the extra-large standard deduction under Trump's plan. But those who still choose to itemize would be limited in how much of a deduction they could claim. The only deductions not subject to the limitation would be the mortgage interest deduction and charitable contributions.

Same investment tax rates: Trump would continue to offer today's preferential income-based tax rates rates of 0, 15%, and 20% on long-term capital gains and qualified dividends.

Several taxes eliminated: Trump would repeal the estate tax, the alternative minimum tax, and the 3.8% surtax on investment income created under Obamacare.

 

"The Tax Policy Center analysis estimates that Trump's tax plan would cut taxes for everyone.

 

But the biggest tax benefit by far would go to the very wealthiest households.

 

Middle-income households would see their taxes cut by an average of $2,700, or 4.9% of after-tax income. Those in the top 0.1%, however, would see their taxes reduced by an average of $1.3 million, or 19% of their after-tax-income.

 

And contrary to Trump's assertions that he would crack down on investment fund managers who benefit from a very low tax rate on some of their income today, the Tax Policy Center found those managers could see a windfall under Trump's plan.

 

Trump's campaign never responded to the Tax Policy Center's questions about his proposals. But the think tank said when it had to fill in the blanks by making assumptions about Trump's intentions, it chose those that would minimize the benefits to high-income households as well as the plan's potential revenue loss. In other words, it gave Trump's plan the benefit of the doubt."

 

http://money.cnn.com/2015/12/22/pf/taxes...-tax-plan/

 

I know you have the libertarian idea that taxes are theft, and I agree to an extent, but you have to be logical when trying to reform the tax structure. You simply aren't going to implement a flat tax or a fair tax and not have 65% of the country in an violent uproar.

 

He hasn't specifically said how he would handle implementing tariffs, but the need for tariffs and trade-balance are in dire need. Free Trade is being absolutely abused by global entities and to leave existing trade deals as-is is extremely unfair for native businesses and growth. You cannot sustain a healthy, growing US economy on the backs of global and foreign corporations.

 

Sure he's for changing the tax brackets, but he's not proposing doing anything about medicare or medicaid. So it's just kicking the can, when it comes to the income taxes people making under 50k mostly get back more than they pay already. So he's not really changing much for the lower income earners. I guess if you're single filer it would be a big change. But even under trumps plans you're still paying into the medicaid and medicare system taxes that are endless money pits. Again I point out if he really does what he says and starts leveling tarrifs it will be an additional tax on the consumer just like the ACA is an additional tax on the consumer forcing us to pay higher prices for products or services.

 

When you step back and look at what Trump proposes at best it's a break even fiscal policy, at worse we all take on more debt and are paying higher taxes.  

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