Tax plans compared

[LumRaiderFan]

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From the article:

Conclusion: 

The Trump tax plan as outlined in September 2016 is a large tax cut, mostly on individual and corporate income. This plan would significantly reduce the cost of capital and reduce the marginal tax rate on labor. These changes in the incentives to work and invest would increase the U.S. economy’s size in the long run, boost wages, and result in more full-time equivalent jobs. On a static basis, the plan would reduce federal revenue by between $4.4 trillion and $5.9 trillion, depending on policy assumptions about business tax rates. However, due to the larger economy and the significantly broader tax base, the plan would reduce revenue by between $2.6 trillion and $3.9 trillion over the next decade, depending on those same policy assumptions. In all cases, it would increase after-tax incomes for all income groups, but reduce revenue to the Treasury.

 

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From the article:

Conclusion:

 Hillary Clinton would enact a number of tax policies that would raise tax revenue over the next decade in order to fund new or expanded programs. Most of her policies raise tax revenue as designed, except for her capital gains policy, which would actually end up losing revenue both on a static and a dynamic basis due to the incentives it creates to hold on to assets longer. If enacted, her tax policies would impose slightly higher marginal tax rates on capital and labor income, which would result in a reduction in the size of the U.S. economy in the long run. This would decrease the revenue that the new tax policies would ultimately collect. The plan would lead to lower after-tax incomes for taxpayers at all income levels, but especially for taxpayers at the top.

[stevenash]

The left is not interested (regardless of what they claim) in what will raise after tax income for individuals.  Their only concern is gaining more revenue for the state

[LumRaiderFan]

Curious if any tax paying Dems support Hillary's plan over Trump's plan, and if so, why?

[LumRaiderFan]

11 hours ago, LumRaiderFan said:

Curious if any tax paying Dems support Hillary's plan over Trump's plan, and if so, why?

Still no answer...come on Hillary supporters, take a break from the "Trump gonna trump" thread and sell me on Hillary's tax plan...tell me how this will benefit you or me.

[stevenash]

Be careful, you are requesting substance and they don't care to deal much in that.  It's all about "feelings" and "intentions" and opponents saying ugly words to people.

[Hagar]

22 minutes ago, LumRaiderFan said:

Still no answer...come on Hillary supporters, take a break from the "Trump gonna trump" thread and sell me on Hillary's tax plan...tell me how this will benefit you or me.

Lol, when I went back to Politics, what was the last post on, Trump gonna Trump.  As if most of us are actually Trump supporters on this Forum.  How many ways/times can you say, Hillary No, Anybody else Yes?  Trump gonna Trump, and Hillary gonna bend everybody over.

[LumRaiderFan]

15 minutes ago, REBgp said:

Lol, when I went back to Politics, what was the last post on, Trump gonna Trump.  As if most of us are actually Trump supporters on this Forum.  How many ways/times can you say, Hillary No, Anybody else Yes?  Trump gonna Trump, and Hillary gonna bend everybody over.

There it is...this does not make one a Trump supporter...it makes one a hillary opposer!

[Whoopi Goldberg's Lips]

For those of you looking for an alternative to Clinton and Trump, see below:

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[PhatMack19]

I copied this from another forum.  This guy is a business owner and has posted about his company a few times.  This is how business works although I wouldn't expect some on this board to understand.

 

Those familiar with my posts might remember I said Obama's tax increases caused me to change my fiscal behavior a few years ago by reducing ordinary income as much as possible while increasing unrealized capital gains as much as possible. I just finished my 2015 taxes and mission accomplished. Fifty percent of my income going to federal and state income taxes and Obamacare taxes and property taxes was my breaking point.

I greatly reduced my federal income taxes including the 3.8% Obamacare tax. The money I had been using to buy minerals/royalty primarily went into publicly traded international stocks that could keep as much earned cash as possible overseas and safe from America's highest in the world corporate tax rate. Their appreciation has been meaningful.

It appears to me the best way to build wealth in today's America is to minimize ordinary income and short term capital gains.

Now that I am not buying minerals and drilling as many wells I probably won't need all these employees and all this office space either.

And this my fellow Ags is the true story of what happens when taxes become too high. The effort and risk to succeed isn't fairly compensated in the opinion of the one person that matters. The one person who is causing the success, employing the people and paying the taxes. What Obama, Hillary or BLM thinks about me and my efforts is irrelevant. The bottom line for them is American politicians will have less of my money to spend and fulfill the promises they made to their democrat plantation voters.

[Whoopi Goldberg's Lips]

13 minutes ago, PhatMack19 said:

I copied this from another forum.  This guy is a business owner and has posted about his company a few times.  This is how business works although I wouldn't expect some on this board to understand.

 

Those familiar with my posts might remember I said Obama's tax increases caused me to change my fiscal behavior a few years ago by reducing ordinary income as much as possible while increasing unrealized capital gains as much as possible. I just finished my 2015 taxes and mission accomplished. Fifty percent of my income going to federal and state income taxes and Obamacare taxes and property taxes was my breaking point.

I greatly reduced my federal income taxes including the 3.8% Obamacare tax. The money I had been using to buy minerals/royalty primarily went into publicly traded international stocks that could keep as much earned cash as possible overseas and safe from America's highest in the world corporate tax rate. Their appreciation has been meaningful.

It appears to me the best way to build wealth in today's America is to minimize ordinary income and short term capital gains.

Now that I am not buying minerals and drilling as many wells I probably won't need all these employees and all this office space either.

And this my fellow Ags is the true story of what happens when taxes become too high. The effort and risk to succeed isn't fairly compensated in the opinion of the one person that matters. The one person who is causing the success, employing the people and paying the taxes. What Obama, Hillary or BLM thinks about me and my efforts is irrelevant. The bottom line for them is American politicians will have less of my money to spend and fulfill the promises they made to their democrat plantation voters.

Smart move...one that more and more of us will begin taking advantage of.  Just so sad that it's come to this and will result in the weakening of our market even further.

[LumRaiderFan]

57 minutes ago, PhatMack19 said:

I copied this from another forum.  This guy is a business owner and has posted about his company a few times.  This is how business works although I wouldn't expect some on this board to understand.

 

Those familiar with my posts might remember I said Obama's tax increases caused me to change my fiscal behavior a few years ago by reducing ordinary income as much as possible while increasing unrealized capital gains as much as possible. I just finished my 2015 taxes and mission accomplished. Fifty percent of my income going to federal and state income taxes and Obamacare taxes and property taxes was my breaking point.

I greatly reduced my federal income taxes including the 3.8% Obamacare tax. The money I had been using to buy minerals/royalty primarily went into publicly traded international stocks that could keep as much earned cash as possible overseas and safe from America's highest in the world corporate tax rate. Their appreciation has been meaningful.

It appears to me the best way to build wealth in today's America is to minimize ordinary income and short term capital gains.

Now that I am not buying minerals and drilling as many wells I probably won't need all these employees and all this office space either.

And this my fellow Ags is the true story of what happens when taxes become too high. The effort and risk to succeed isn't fairly compensated in the opinion of the one person that matters. The one person who is causing the success, employing the people and paying the taxes. What Obama, Hillary or BLM thinks about me and my efforts is irrelevant. The bottom line for them is American politicians will have less of my money to spend and fulfill the promises they made to their democrat plantation voters.

Uh Oh...if this keeps happening, Big Girl's friend will no longer have anyone to subsidize their $25.00 health insurance.

The takers will someday realize they needed the makers.

[stevenash]

1 hour ago, LumRaiderFan said:

Uh Oh...if this keeps happening, Big Girl's friend will no longer have anyone to subsidize their $25.00 health insurance.

The takers will someday realize they needed the makers.

You would certainly think so, but I think the left believes this is an endless pool of funds and those that have must keep giving till they have no more.   And trust me, the left hasn't given the first bit of consideration what the consequences of that will be.

[PhatMack19]

6 minutes ago, stevenash said:

You would certainly think so, but I think the left believes this is an endless pool of funds and those that have must keep giving till they have no more.   And trust me, the left hasn't given the first bit of consideration what the consequences of that will be.

We could just print more money, right?

[Hagar]

4 minutes ago, PhatMack19 said:

We could just print more money, right?

That's their attitude.  America is a bottomless money pit.  And like their attitude toward small businesses, no consequences.

[LumRaiderFan]

16 minutes ago, stevenash said:

You would certainly think so, but I think the left believes this is an endless pool of funds and those that have must keep giving till they have no more.   And trust me, the left hasn't given the first bit of consideration what the consequences of that will be.

No doubt many think it's endless, maybe they'll figure it out when it ends.

It will probably be similar to the 10 guys drinking story you have posted...lol.