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Trump's speech on economy plan - snip...

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Rocketk2
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Posted on Monday, August 08, 2016 - 03:15 pm:       


Jai_ycp:


personal returns.. Charitable contributions is one part of it..
Any dealing with foreign entities( which he has been attacking Hilary ) another Part of it.

It will not give away his entire picture but will give an indication .. There is a generic asset to income ratio one can work on. His x dollars assets should have been generating y dollars of personal income right ?! Or is he going to say 90% of his asset value is 'good will / brand value' ..
 

Jai_ycp
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Posted on Monday, August 08, 2016 - 03:04 pm:       


Rocketk2:

well aware of it
You will get to know his income... How successful he really is.
It may not give his assets but clues about it. In your example, You will have your depreciation expense on schedule c for you rental property that wil give a decent estimate of asset value .
His interest expenses( from debt)
Similarly, there will be several things.



are you talking about trump companies business returns or personal tax returns? they will be separate and i doubt you will know anything about assets.

I think dems are asking mainly about charitable donations.
the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ
http://goo.gl/gn6XL5
the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu
 

Jai_ycp
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Posted on Monday, August 08, 2016 - 03:00 pm:       


Andhravodu:

double Irish dutch sandwitch kakunda chestadu



That is the key. Hw will hold discussions and follow carrot stick policy. get your taxes lowered and bring your cash back for 10% minimal tax else govt will go after you.

Govt will become poor as it loose revenue in short term and will have to prioritize the programs. people will have money which will stimulate growth and catch up on the deficit.

Basic ga idhi jargali ante oka 5-6 years padutundhi to see the results. anduke trump gadini bakra chesi arpincheyyatame.
the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ
http://goo.gl/gn6XL5
the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu
 

Rocketk2
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Posted on Monday, August 08, 2016 - 02:57 pm:       


Jai_ycp:

as long as you are aware, tax returns does not indicate net worth value, it is fine to ask for it. i


well aware of it :-)
You will get to know his income... How successful he really is.
It may not give his assets but clues about it. In your example, You will have your depreciation expense on schedule c for you rental property that wil give a decent estimate of asset value .
His interest expenses( from debt)
Similarly, there will be several things.
 

Andhravodu
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Posted on Monday, August 08, 2016 - 02:56 pm:       


Jai_ycp:


ante, ee double Irish dutch sandwitch kakunda chestadu antava? ala aite ok. but ee Irish sandwich practices continue ayyi, rest companies tax 15% ki padite ok massive depresion avutundi
Some things don't change. the rest are useless
 

Jai_ycp
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Posted on Monday, August 08, 2016 - 02:54 pm:       

also double taxation rules relax cheyyali. If your prodict is sold in china, china lo tax katti, US lo kooda tax kattali antamu tappu. atleast make it worth while to bring money back
the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ
http://goo.gl/gn6XL5
the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu
 

Jai_ycp
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Posted on Monday, August 08, 2016 - 02:52 pm:       


Andhravodu:

Sounds good in soundbites, but it's a dangerous path


Typical corporates entha pay chestayi on avergae. look at soem facts here http://www.americansfortaxfairness.org/tax-fairness-briefing -booklet/fact-sheet-corporate-tax-rates/

Corporate share of federal tax revenue has dropped by two-thirds in 60 years — from 32% in 1952 to 10% in 2013.
General Electric, Boeing, Verizon and 23 other profitable Fortune 500 firms paid no federal income taxes from 2008 to 2012.
288 big and profitable Fortune 500 corporations paid an average effective federal tax rate of just 19.4% from 2008 to 2012.

U.S. corporations dodge $90 billion a year in income taxes by shifting profits to subsidiaries — often no more than post office boxes — in tax havens.
U.S. corporations officially hold $2.1 trillion in profits offshore of it in tax havens — that have not yet been taxed here.


Simple 15% is best with no deductions.
the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ
http://goo.gl/gn6XL5
the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu
 

Andhravodu
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Posted on Monday, August 08, 2016 - 02:49 pm:       

child tax exemption - Like
foreign money 10% tax to bring - mostly like
15% tax on corporations - strongly dislike. Sounds good in soundbites, but it's a dangerous path

ee plan giving me serious pause on the support train
Some things don't change. the rest are useless
 

Jai_ycp
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Posted on Monday, August 08, 2016 - 02:38 pm:       


Rocketk2:

tax returns for transperancy.. He is running on his business record .. So why not???
Do you think 'believe me' is sufficient ..



as long as you are aware, tax returns does not indicate net worth value, it is fine to ask for it. if you want to deduce somebody wealth based on his tax return .

Take ane xample of a rental property. On my scheudle C, i report income and expenditures and show my net income as less than 1000. But in that year, i would have paid 7-8K in principal, increasing my net worth. but that is not shown in tax returns.

so is any other business.
the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ
http://goo.gl/gn6XL5
the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu
 

Jai_ycp
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Posted on Monday, August 08, 2016 - 02:33 pm:       


Airliner:

ignore my posts and please move on..



ok.
the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ
http://goo.gl/gn6XL5
the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu
 

Rocketk2
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Posted on Monday, August 08, 2016 - 02:33 pm:       


Jai_ycp:

emi cheuskuntavu tax returns. ee dabbulu unnodiki aina tax returns lo networth telustundha


tax returns for transperancy.. He is running on his business record .. So why not???
Do you think 'believe me' is sufficient ..
 

Jai_ycp
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Posted on Monday, August 08, 2016 - 02:31 pm:       


Rocketk2:

-15k of 100k is not equivalent To 15mil of 100 mil in utility value. Like any utility function it is non linear



why. guy maiking 100 mil is paying 15 mil as you are i paying only 15000. why is he not paying more. Progressive taxation is unfair and unjust.

Rocketk2:

Deductions are fabric of our society. They are be used to promote a good behavior and also used as incentive to promote economy growth
-flat tax will generally hit the low income people . A bit related to the first point



what good behavior? dont tell people are marrying or having babies or buying house for deduction. give me 100 and i will pay back 10 to you. Why dont you take 90 only.

Its a myth. taxes saved should revitalize economy. the fundamental belief is who promotes development and growth. if answer is public sector, you pay more to govt. if answer is private sector, it is less taxes.

even with all emancipation and welfare programs, there are more people in poverty then in 1960s. why?
the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ
http://goo.gl/gn6XL5
the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu
 

Sachin
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Posted on Monday, August 08, 2016 - 02:28 pm:       

first nee tax returns choopiyaraaa ayyaaa
 

Rocketk2
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Posted on Monday, August 08, 2016 - 02:27 pm:       

Coming back to Trump, here is my issue. When he reads out of TelePrompTer(convention speech, today's plan, Ryan endorsement) he sounds standard( pretty close) republican . Nothing wrong with it but nothing appealing either. He is boring and ratings go down...
Then he goes on stump.. TelePrompTer goes away and he is totally different person. Say and does things outrageous .. He gets interesting and ratings go up

So he is either boring or offensive ... The balancing act will decide how close he gets to presidency
 

Airliner
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Posted on Monday, August 08, 2016 - 02:23 pm:       


Jai_ycp:

ramoji tax returns lo emi vundhi


yemanna common sense vunda thread deni meeda.. for future reference please don't quote me ya.. I have ZERO interest neetho discussion ki..ignore my posts and please move on..
Great minds discuss ideas. Average minds discuss events. Small minds discuss people.
 

Rocketk2
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Posted on Monday, August 08, 2016 - 02:21 pm:       


Jai_ycp:

if soembody make less than 30K, no need to pay tax. rest all should pay proportional tax.


yeah I got what you are saying but I seriuosly doubt feasibility. I was in the flat tax camp for some time but I am seeing some difficulties
Few things.
-15k of 100k is not equivalent To 15mil of 100 mil in utility value. Like any utility function it is non linear
-Deductions are fabric of our society. They are be used to promote a good behavior and also used as incentive to promote economy growth
-flat tax will generally hit the low income people . A bit related to the first point


The thought process behind people earning less than 30k with no tax is the fundemental thought process behind prpgressive taxation
 

Jai_ycp
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Posted on Monday, August 08, 2016 - 02:14 pm:       


Airliner:

tax returns ki dikku ledu kaani eedu tax system ni reform chesesi tax brackets marchestadu anta .. nuvvu cheppu aallu vintaaru



emi cheuskuntavu tax returns. ee dabbulu unnodiki aina tax returns lo networth telustundha. ramoji tax returns lo emi vundhi? mundu hillaru pseeches text, email content release cheyyandi
the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ
http://goo.gl/gn6XL5
the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu
 

Airliner
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Posted on Monday, August 08, 2016 - 02:11 pm:       

tax returns ki dikku ledu kaani eedu tax system ni reform chesesi tax brackets marchestadu anta .. nuvvu cheppu aallu vintaaru
Great minds discuss ideas. Average minds discuss events. Small minds discuss people.
 

Jai_ycp
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Posted on Monday, August 08, 2016 - 02:05 pm:       


Rocketk2:

How much will you pay if you earn 99k, 101k, 199k, 201




15% of it. Govt should make a poverty line rate of 15$ per hours. So in a 2000 hour standard per year, if soembody make less than 30K, no need to pay tax. rest all should pay proportional tax.
the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ
http://goo.gl/gn6XL5
the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu
 

Jai_ycp
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Posted on Monday, August 08, 2016 - 02:03 pm:       


Rocketk2:

But do you agree with standard deduction along with flat tax.. How will the standard deduction be calculated?? These are the complications that skew fairness



remove all deductions. funda behind is all govt spends should eb for every body. like national security, public health, disaster recovery, roads and infrastructure. These are not individual benefits but community benefits. So is the taxation from people. you pay a fixed percentage of income.
the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ
http://goo.gl/gn6XL5
the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu
 

Rocketk2
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Posted on Monday, August 08, 2016 - 01:50 pm:       


Jai_ycp:

f i make 100K i pay 15K
I make 200k i pay 30 K
that a just and fair society.


I misunderstood this part. I did not read the entire post. Yes flat tax makes it easy and in leu of no/standard deduction it will make it fair. But do you agree with standard deduction along with flat tax.. How will the standard deduction be calculated?? These are the complications that skew fairness
 

Rocketk2
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Posted on Monday, August 08, 2016 - 01:46 pm:       


Jai_ycp:

great one donals. ee simplified tax code is important. best way is to have a simpler 15% tax on your income irrespective of personal or busines sincome. Why they want to maintain a beast such as IRS with 1000 of complicated ratehr simplified tax.


flat tax is easy to maintain but with deductions it gets complicated . In an ideal
World without flat deductions( which is almost impossible) will not be fair.
Progressive taxation is difficult to implement but is more driven towards ' fair tax'

There may be a middle ground that reduces complexity but also intorduce fairness.. That is the complication of taxation
 

Rocketk2
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Posted on Monday, August 08, 2016 - 01:38 pm:       


Jai_ycp:

If i make 100K i pay 15K
I make 200k i pay 30 K
that a just and fair society.



Don't you wish life is that easy...
How much will you pay if you earn 99k, 101k, 199k, 201k :-)

Glad to see some details from the plan. This is a good start. Most of this is republican plan.. Should be encouraging to the never trump republicans to change their stance .. I seriously want to see some one enagage in debate with the key items of the plan...
 

Hadoop
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Posted on Monday, August 08, 2016 - 01:37 pm:       


Jai_ycp:

if govt has additional money, it spends on zero return welfare programs. if provate citizen has more money, they spend on economy and invest leading to growth. 101 of economics.




make sense...but it may not work for free food or supporter batch...
 

Jai_ycp
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Posted on Monday, August 08, 2016 - 01:35 pm:       


Pete_sampras:

his is trickle down economy no...already Kansas lo implement chesaru...with in 2 years bokka the hole padindi Kansas ki...its a age old GOP model and it will never work...




raising taxers works on which economy? wake up bud. socialist economy doe snot work. previously before 1980 there used to be 70% tax on top bracket. he decreased to 40% which fuelled the investments in 90s thus maintaining growth.

if govt has additional money, it spends on zero return welfare programs. if provate citizen has more money, they spend on economy and invest leading to growth. 101 of economics.
the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ
http://goo.gl/gn6XL5
the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu
 

Jai_ycp
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Posted on Monday, August 08, 2016 - 01:33 pm:       

great one donals. ee simplified tax code is important. best way is to have a simpler 15% tax on your income irrespective of personal or busines sincome. Why they want to maintain a beast such as IRS with 1000 of complicated ratehr simplified tax.

If i make 100K i pay 15K
I make 200k i pay 30 K
that a just and fair society.
the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ
http://goo.gl/gn6XL5
the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu
 

Hadoop
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Posted on Monday, August 08, 2016 - 01:22 pm:       

evaranna hillary tax plan pettandi.....just comparison purpose which one is better for keyboard koolies....
 

Pete_sampras
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Posted on Monday, August 08, 2016 - 12:36 pm:       


Hadoop:

with his new proposal with less tax on companies at home



This is trickle down economy no...already Kansas lo implement chesaru...with in 2 years bokka the hole padindi Kansas ki...its a age old GOP model and it will never work...
 

Hadoop
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Posted on Monday, August 08, 2016 - 12:32 pm:       


Emc2:

How is going to create jobs?




with current tax plan...lot of companies moving to oversees....with his new proposal with less tax on companies at home land to compete foreign companies, and to create jobs locally..stash cash locally...
 

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Posted on Monday, August 08, 2016 - 12:24 pm:       


Gringo:




I did listen to the whole speech ..
He actually raised taxes from his original plan of 0, 10, 20,25 to 12, 25,33.. Btw I believe this was Paul Ryan's tax plan :-) Even against current rates isn't the bottom bracket is up 2 percent from current 10 and the top is down 7 from current 39.6 - so more breaks for the wealthy - the devil will be in the details though..waiting for the details on where the brackets land

Reg moratorium , lifting energy restrictions will turn into jobs is his answer for job creation - the debates will be interesting :-)

The foolish man seeks happiness in the distance; the wise grows it under his feet : James Oppenheim
 

Gringo
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Posted on Monday, August 08, 2016 - 12:06 pm:       

Lots of protesters.
Talking about what Hillary didn't do in upstate NY and what he did in NYC . He really did help turn NY around .
14 million more people without jobs under Obama
Home ownership lowest in 51 years.
Bernie Sanders people more energy and spirit.
Lowest labor force participation in 4 decades.
Keeping jobs and wealth inside the USA . No American company will pay more than 15% in taxes .
Cut regulations on starting businesses .
Fully deduct average cost of child care expenses .
10% tax on money held overseas to bring it back.
No death tax
Moratorium on new agency regulations .
Cancel all overreaching executive orders.
Trade reform -terrible NAFTA , TPP , withdrawing from TPP deal. 7 point plan on website of trade reform . Renegotiating NAFTA . Trade enforcement with China.
Energy reform- cut regulations - coal, steal workers back to work . Lifting restrictions on energy production .
These reforms are only the beginning .
Increase relief in child care .
Send children to school of choice
Security , law and order .
Repeal and replace Obamacare
Rebuild military , allies pay for the protection we supply.
Reform of VA
Build next generation of roads, airports, seaports. American planes , cars and boats. American steel , American hands, energy, workers ,rebuild this country
AMERICANISM
We can fix a rigged system.
Start believing in our great country.
Think Big , Dream great things for our country again .
AMERICA IS BACK
Sorry I missed the beginning . Great speech
 

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Posted on Monday, August 08, 2016 - 12:04 pm:       

Unlike hillary, he is not going to raise taxes on the middle class people.
 

Gringo
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Posted on Monday, August 08, 2016 - 12:02 pm:       


Savyasachi:

this appears to me he gave a tax cut to business . common man ki malli chippa chetilo pettadu. malli hillary ni walstreet puppet antadu




He has already proposed tax on other things like childcare costs, repeal obamacare where you will have lot of opportunity to bring more cash to home at the end of the day.
 

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Posted on Monday, August 08, 2016 - 12:00 pm:       

Eb2 or EB3 ki current emanna pedthada. enni rojulu ani candles pettukoni gadapali EB2/3 ollu.
 

Savyasachi
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Posted on Monday, August 08, 2016 - 12:00 pm:       


Gringo:

He proposed a 15% flat tax on the businesses which is a big big deal




this appears to me he gave a tax cut to business . common man ki malli chippa chetilo pettadu. malli hillary ni walstreet puppet antadu

i was hoping 15% tax for individuals.
 

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Posted on Monday, August 08, 2016 - 11:58 am:       


Gringo:

We are also going to bring back trillions of dollars from American businesses that is now parked overseas.

Our plan will bring that cash home, applying a 10 percent tax. This money will be re-invested in states like Michigan.




MODI
switzerland banks
 

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Posted on Monday, August 08, 2016 - 11:57 am:       


Emc2:

How is going to create jobs?


He proposed a 15% flat tax on the businesses which is a big big deal
 

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Posted on Monday, August 08, 2016 - 11:55 am:       

http://crooksandliars.com/2016/07/everyone-creeped-out-donal d-trump-touching?utm_source=fark&utm_medium=referral&utm_cam paign=im
 

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Posted on Monday, August 08, 2016 - 11:55 am:       


Emc2:

How is going to create jobs?




by building a wall know :D

Technically I oppose but Heartfully I accept - Pulp
 

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Posted on Monday, August 08, 2016 - 11:55 am:       

Under my plan, no American company will pay more than 15% of their business income in taxes. Small businesses will benefit the most from this plan. Hillary Clinton’s plan will require small business to pay as much as three times more in taxes than what I am proposing, and her onerous regulations will put them totally out of business.

I am going to cut regulations massively.

Our lower business tax will also end job-killing corporate inversions, and cause trillions in new dollars and wealth to come pouring into our country – and into cities like Detroit. To help unleash this new job creation, we will allow businesses to immediately expense new business investments.

No one will gain more from these proposals than low-and-middle income Americans. My plan will also help reduce the cost of childcare by allowing parents to fully deduct the average cost of childcare spending from their taxes.

We are also going to bring back trillions of dollars from American businesses that is now parked overseas.

Our plan will bring that cash home, applying a 10 percent tax. This money will be re-invested in states like Michigan.

Finally, no family will have to pay the death tax. American workers have paid taxes their whole lives, and they should not be taxed again at death – it’s just plain wrong. We will repeal it.

Next comes regulatory reform.

As with taxes, I will have one overriding goal when it comes to regulation: I want to keep jobs and wealth in America.

Motor vehicle manufacturing is one of the most heavily regulated industries in the country. The U.S. economy today is twenty-five percent smaller than it would have been without the surge of regulations since 1980.

It is estimated that current overregulation is costing our economy as much as $2 trillion dollars a year – that’s money taken straight out of cities like yours.
 

Emc2
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Posted on Monday, August 08, 2016 - 11:54 am:       

How is going to create jobs?
 

Gringo
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Posted on Monday, August 08, 2016 - 11:54 am:       

"I am proposing an across-the-board income tax reduction, especially for middle-income Americans. This will lead to millions of new good-paying jobs.

The rich will pay their fair share, but no one will pay so much that it destroys jobs, or undermines our ability to compete.

As part of this reform, we will eliminate the Carried Interest Deduction and other special interest loopholes that have been so good for Wall Street investors, and people like me, but unfair to American workers. Tax simplification will be a major feature of the plan.

Our current tax code is so burdensome and complex that we waste billion hours a year in tax code compliance.

My plan will reduce the current number of brackets from 7 to 3, and dramatically streamline the process. We will work with House Republicans on this plan, using the same brackets they have proposed: 12, 25 and 33 percent. For many American workers, their tax rate will be zero."
 

Gringo
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Posted on Monday, August 08, 2016 - 11:53 am:       

{Trump proposes full tax deduction for childcare costs}

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