Donald Trump Tax Plans Would Increase Taxes On 95% Of Americans, Analysis Finds
Donald Trump Tax Plans Would Increase Taxes On 95% Of Americans, Analysis Finds
The Institute on Taxation and Economic Policy found Trump’s tariff proposals would outweigh his tax cuts for all but the very richest households.
Let’s guess which five percent don’t get an increase…
Only 5% of the wealthiest households would come out ahead under Trump’s plans.
Which is his intention.
I’m still pissed about having to pay more in taxes this year thanks to this moron’s prior “tax cuts.” The fact that this jackass wants normal Americans to pay even more in taxes should be enough to sink his campaign but here we are.
Trump supporters don't care, they're happy to pay the Trump tax as long as the "right" people are being hurt/killed/displaced
And they will look at you with a straight face and say how much better the economy was under Trump. They really don't care about any other factors, they will literally attribute any good thing to have been the masterwork of Trump, and anything they don't like is some evil plot by Democrats intentionally structured to hurt them specifically.
TBF, they constantly hear lies about this by foreign controlled media.
(Fox News)
edit: they are probably naturalized citizens by now, but the point still stands
bUt TrUmP iS bEtTeR fOr ThE eCoNoMy
Well yeah, it's called trickle down economics. The top 5% are all job creators, they invest in companies. It's not true that the 5% just let their wealth sit there and accumulate on an imaginary score board to beat the next richest person.
It's not like the richest people in the world are hurtling human civilization into a extinction level events to hoard more wealth.
It's not like the rich are looting this country to pad their bank accounts.
The rich are going to use all that money to benefit everyone./s
Better for the *Russian economy 🇷🇺
For most of my life I blissfully had no idea who Trump was, as I grew up in the Middle East and not North America. While I did hear his name a few times I had no idea who he was or what he did or anything about him.
But the first time I heard him was back in 2010 when I saw YouTube interviews with Trump I wasn't initially sure of what to make of his proposed tariffs with China (and he was talking about them back then), but after just some thinking (I had just graduated with a Bachelors in business at the time) and more reading I concluded that his idea was bonkers.
Then cracked.com made an entire series of articles that were wildly successful that documented just what a horrific businessman and human being he was. You know on how comments sections anywhere are often highly toxic and conflict ridden? The comments on the Trump articles were actually quite unanimous on how much everyone hated Trump!
I still can't believe that he won and I cannot believe that his presidency was real.
You do realize he didn't win, right?
Its a well-documented historical fact that Clinton got more votes than Trump, but the US isn't a democracy. Trump declared himself the winner and nobody did anything to stop him
This obsession to shift the definition of what's required to be president just so you can continue a world view of winners and losers is as meaningless as it is American. Trump won the election due to the electoral college and gerrymandering shenanigans, but lost the popular vote. Why not say that most people didn't want him as a president and why did the system allow it instead of mapping this into Americas obsession with winners and losers? He literally did not win, and it highlights a flaw in the system that needs to be addressed.
Nobody "did anything to stop him" because at that point, you are dropping down to his level and calling for an insurrection. That the side of morons with guns and expanding prison systems has no problems with insurrections might highlight another even darker problem, one which might be a bigger problem when those morons are also the ones crowding around and abusing positions of authorities up to the federal supreme court level, regardless of whether they are a minority.
He didn't declare himself the winner. The voting system is a bit more complex and while it's possible to completely override the election results through the electoral college, usually what happens is that the blue candidate gets a lot more votes in populous states with big cities (California, NY, etc), but as soon as you're one vote ahead in a state, the extra million or 2 don't matter.
Something that's been proposed to combat this without moving to an entirely new model, is for states to no longer be all or nothing. Instead of candidate A getting 60% of the votes and 100% of the EC vote, they'd get 60% of the EC vote and the other guy would get 40%. Then all votes would matter, rather than only swing state votes.
Would the anti-tax lobby be for such massive tax increases? Surely, the anti-tax lobby is made more than 1%ers?
I wish the common American would finally understand how all the wealth just wasting away in a few accounts is such a detriment to this country. From creating lobbying power to underfunding public works; it hurts the people and economy severely. I'm always asked, should a person be punished for making a lot of money... the answer is yes, they should find something more productive to do.
And if its anything like the last it will still raise the deficit.
Fascism is capitalism in decay Fascism is capitalism in decay Fascism is capitalism in decay Fascism is capitalism in decay
Daniel Guérin says fascism is the death throes of capitalism (or something like that)
But it would lower it for the most important 5%!
Now, do the correlation between the people who wouldnt have their texes increased with the people who hold most of the national wealth. Hm.
I think we need more taxes because we need to be the most on everything. We arent the best country if we arent the most taxed its just a fact.
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