Do You Trust Trump to Reform Taxes?

[timosman]

Here's a plan: abolish personal income tax.

This is something only an insane person would say. Everybody knows the government needs the money to take care of us.

 

[bunklocoempire]

Here's a plan: abolish personal income tax.

And risk losing World War I?

 

[Madison320]

Problem is the GOP Congressional leadership, which wants only "revenue neutral" cuts that simply shift the tax burden from corporations on to the middle class.

I don't view that as a problem. For almost a hundred years we've been shifting the tax burden from the poor to the rich (socialism). Morally and economically we need to go the other way and have a flat tax system, either sales or income. Laws should be applied the same for everyone. There's a reason progressive taxation is the second plank of the communist manifesto.

The problem is when you try to undo past socialism you get blamed for "giveaways for the rich".

That being said the real solution is to drastically cut spending.

 

[timosman]

That being said the real solution is to drastically cut spending.

Ain't gonna happen. Any other ideas?

 

[hard@work]

Do you trust corporations to re-write NAFTA?

 

[Zippyjuan]

Ain't gonna happen. Any other ideas?

Cut taxes and borrow more? Go deeper into debt? Replace the income tax with a 30% national sales tax?

 

[Madison320]

Ain't gonna happen. Any other ideas?

Wait until we're broke. Then we'll HAVE to cut spending!

 

[TheTexan]

Here's a plan: abolish personal income tax.

But without federal income tax, how would state governments get money for roads

 

[timosman]

But without federal income tax, how would state governments get money for roads

The same way they are currently doing it - have the Federal Reserve print the money.

 

[oyarde]

Trump would probably sign anything passed through Congress and declare victory. Thus, this is a question of trusting Congress.

I trust Rand, Massie, Amash, Brat and several others could come up with something better than what we have today, but not the bought and paid for Congress as a whole.

We'll get some crony insider plan.

Thats right.

 

[oyarde]

And risk losing World War I?

I will risk it .

 

[KEEF]

Do You Trust Trump to.....

Nope.

^THIS^

 

[timosman]

Do You Trust Trump to Reform Taxes?

 

[brushfire]

 

[NorthCarolinaLiberty]

Complaints are that corporate rates are too high yet corporations have so many deductions that many corporations actually pay little to no taxes.

Yes, I guess it's "little" when you're the person not paying it.

You also can't tax an abstract entity like a corporation. You're ultimately taxing people. There was a time in this country when the corporate tax was not enshrined in code. Why do you progressives want to tax people twice?

 

[NorthCarolinaLiberty]

Looks like the US has the third highest "corporate" tax rate in the world: https://tradingeconomics.com/country-list/corporate-tax-rate


Top Ten:



United Arab Emirates 55.00
Puerto Rico 39.00
United States 38.90
Suriname 36.00
Argentina 35.00
Chad 35.00
Congo 35.00
Equatorial Guinea 35.00
Gabon 35.00
Guam 35.00



Last 10:

Hungary 9.00
Montenegro 9.00
Uzbekistan 7.50
Bahamas 0.00
Bahrain 0.00
Bermuda 0.00
Cayman Islands 0.00
Isle of Man 0.00
Maldives 0.00
Vanuatu 0.00

 

[kcchiefs6465]

No. Can't lower taxes and murder babies.

 

[Zippyjuan]

Looks like the US has the third highest "corporate" tax rate in the world: https://tradingeconomics.com/country-list/corporate-tax-rate


Top Ten:



United Arab Emirates 55.00
Puerto Rico 39.00
United States 38.90
Suriname 36.00
Argentina 35.00
Chad 35.00
Congo 35.00
Equatorial Guinea 35.00
Gabon 35.00
Guam 35.00



Last 10:

Hungary 9.00
Montenegro 9.00
Uzbekistan 7.50
Bahamas 0.00
Bahrain 0.00
Bermuda 0.00
Cayman Islands 0.00
Isle of Man 0.00
Maldives 0.00
Vanuatu 0.00

After deductions, the US rate drops considerably. Many pay less than 20% and some even zero.

 

[NorthCarolinaLiberty]

After deductions, the US rate drops considerably. Many pay less than 20% and some even zero.

Other countries also have corporate tax deductions.

 

[nikcers]

I trust Rand Paul to fight for tax reform. His message to Trump:

If tax reform is run like most things around here -- like Obamacare repeal, ... it will be complicated, won't help much and could even fail. ... I urge President Trump and his advisers to heed this warning. Do not let what happened during the last battle up here happen again. You'll get the same results, and no one should want that.