Do liberals have any statistics as to how many individuals fill out the voluntary donation section of the tax return? Do any of them? Why is it assumed that failing to pay any more taxes than one is legally required to do is considered greed?
about 90% of Americans want the tax code revamped so wealthy trust funders like Trump with a team of tax lawyers pay a lower rate than their secretaries.
You might want to rephrase that.
What should Trump (or Romney or any other wealthy person) have done? Hire incompetent accountants who cannot find ways to minimize their tax receipts? That would be an abrogation of his duty to the shareholders to turn a profit for his enterprises. The tax issue is just a slightly more subtle way of demonizing him for his wealth.
Considering the vast risk involved in investment income versus salary income (turning a profit on an investment is not as guaranteed as punching in and performing a job description), is it not conducive to economic growth to subject investment income to a lighter tax burden?*
*Frankly, all income should be tax exempt, but that is a discussion for another day.
newsflash: despite my typo, vast majorities of Americans rightly despise the fact the tax code permits multi-millionaires like Trump to pay little to no taxes through exploiting loopholes consciously placed there by servants in Congress, and Trump has stated he's 101% hunky dorey with that.
That's bad economically, morally, and politically. Next question?
Said vast majorities of Americans should not then complain when "multi-millionaires like Trump" move their businesses overseas to avoid such an onerous tax burden. Trump, on the other hand, has called for lowering business taxes domestically and raising them on importers. Since business taxes are ultimately passed on to the consumer anyway (something the economically-challenged fail to realize), this would provide tax relief to most Americans, in addition to the tax relief they would already be getting from his middle-class tax cuts.
If Trump's companies were paying millions of dollars more than necessary for a service that they could get at the same price for nothing less, would the Clinton campaign even hesitate to criticize him for his inefficient business practices? Why does the same logic not apply to his tax payments? If the deductions are already there, why not use them?
We are talking about personal tax rates; you are yammering on about corporate rates (in a superficially senseless manner, until one notices your Castle/Bradley banner
). Again, economically, morally, and politically, a tax code strewn with loopholes requiring ordinary "non-smart" people like me--or essentially every damn non-trust funder among us--a higher real tax rate than the uber-wealthy is very very very bad. But Trump is among the 10th of a percent who benefits AND loves it.
He'd gladly give the rest of the country's economy and social fabric a giant F U to preserve every economically inefficient but precious to him loophole in the code.
Poll
