- Joined
- Feb 15, 2017
- Messages
- 4,592
- Reaction score
- 2,283
- Location
- South Western Mississippi
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- Male
- Political Leaning
- Independent
Trump has been burning up the radio and airways touting the positives of the new tax plan regarding families, businesses and also claiming that it will hurt him financially. Let's take a look.
* The positive changes to the individual tax rate have an expiration period, while the corporate tax rates do not.
* A recent study group of major business leaders and employers say they plan little if any expansion in hiring even if the corporate tax rates are lowered. There are also financial publications that indicate that corporations are sitting on "record profits".
* The reduction in the corporate rate will certainly be a financial plus for Trump.
* The reduction in the individual rate will certainly benefit Trump financially.
* The elimination of the inheritance tax will be a MAJOR financial benefit to Trump.
The above being said, I disagree with the principle of the inheritance text. It seems to me that if the money was previously earned, and taxes were paid on it then, taxing it again seems to be doubling up.
I also fail to see where these proposed changes hurt Trump financially. I do believe that his fundamental reason for wanting changes is to benefit himself. Trump has been, is, and will always be, the center of his own universe.
It also appears that public opinion of these changes is lessening with each passing day. As more info becomes public (much like the health care debacle)
support for this plan is diminishing.
* The positive changes to the individual tax rate have an expiration period, while the corporate tax rates do not.
* A recent study group of major business leaders and employers say they plan little if any expansion in hiring even if the corporate tax rates are lowered. There are also financial publications that indicate that corporations are sitting on "record profits".
* The reduction in the corporate rate will certainly be a financial plus for Trump.
* The reduction in the individual rate will certainly benefit Trump financially.
* The elimination of the inheritance tax will be a MAJOR financial benefit to Trump.
The above being said, I disagree with the principle of the inheritance text. It seems to me that if the money was previously earned, and taxes were paid on it then, taxing it again seems to be doubling up.
I also fail to see where these proposed changes hurt Trump financially. I do believe that his fundamental reason for wanting changes is to benefit himself. Trump has been, is, and will always be, the center of his own universe.
It also appears that public opinion of these changes is lessening with each passing day. As more info becomes public (much like the health care debacle)
support for this plan is diminishing.
