Still think Donald Trump has any idea what he’s talking about in regards to his economic policy plan revealed last week? If you answered “yes,” then you’re probably a Trump Staffer.
Donald Trump’s tax plan will benefit very few people. The only people that will really be given an assist from the Donald will be his fellow Million/Billionaires. The rest of us will receive a giant middle finger instead.
Hillary Clinton’s website has laid out exactly how Trump’s plan would work, calling it “The Trump Loophole – trickle down economics with a special Trumpian twist.”
So this tax loophole—henceforth known as the Trump loophole—would allow Trump to pay less than half the current tax rate on income from many of his companies. Instead of the usual 39.6 percent he should pay in the top tax bracket, he’d pay just 15 percent on a substantial portion of his income (or at least we think he will, but we can’t know for sure until he releases his tax returns). That’s why a nonpartisan tax expert calls this plan “a really nice deal” for Trump and billionaires and millionaires like him.
He’d also pay a lower rate than millions of middle-class families. More than two-thirds of pass-through income goes to the top 1 percent. Under the Trump loophole, that means:
One of the more glaring issues in Trump’s plan is that by eliminating Estate Tax, the Trump family will receive $4Billion. 99.8% of Americans, and we’re guessing that includes most if not all of our readers, will receive somewhere in the neighborhood of $0.
Also from Hillary’s website:
This is a man who has always been out for himself and his own bottom line—little guy be damned—and if his tax plan is anything to go by, he shows no signs of changing as president.
A vote for Trump is a vote to give trillions in tax breaks to Trump and the 1 percent of Americans like him—and do nothing to make our tax system fairer, create good-paying jobs here in America, or make the investments that will make our economy more competitive.
Isn’t it interesting that this is the guy who touts himself as for the little guy, the every man, the working class?
Trump wants to “Make America Great Again,” that is for sure, but you can be 100% positive that the only person he wants that for is Donald Trump.