Trump wants to increase taxes on rich;"the hedge fund guys are getting away murder"

[RR1997]

Donald trump is claiming that the current U.S. tax code is letting the hedge fund guys get away with murder.

He's referring to the fact that many of these hedge fund managers (who make millions and millions of dollars a year) get their money through capital gains (not income), thus they only have to pay 20% in taxes, while other rich people (who earn their money through income) have to pay 40% in taxes, and not to the mention that the middle class earners have to pay 30%.

He would force these hedge fund guys to pay more in taxes.

He also claims that he wants to cut taxes for the middle class, and he also wants raise them on the rich (since he's implying that he wants to raise the capital gains tax, and most people who pay the CGT are rich).

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[dudeabides]

More proof he's a socialist. Redistribution has never worked and it will never work. This is why he's not a serious candidate and lacks the brains to lead. What we should be doing is cutting taxes and reforming the tax code. The Fair Tax, a flat tax, what Marco Rubio has proposed, and what Paul Ryan has proposed should all be considered. Jeb Bush and others will release tax plans, my guess is they won't increase taxes on anyone. Should Trump win the presidency and succeed at raising taxes and stopping free trade, wages will sharply decline and our economy will enter depression.

The Democrats want to increase taxes to increase spending. Donald Trump wants to use the tax code to punish those who don't do exactly what he wants. It's worse than the Democrats even.

[RR1997]

Dudeabides, don't you think it's unfair how hedge fund managers (who typically make millions and millions of dollars a year) only have to pay 20% in taxes, while most other rich people (who get their money through income) have to pay 40% in taxes, and the middle class has to pay around 30%?

I'm mixed on the issue of capital gains tax. A part of me supports an increase in capital gains tax for capital gains that are over $500k (from 20% to 30%), but only if we cut income taxes for the rich first (from 40% to 35%). Another part of me doesn't support an increase in CGT because increasing the CGT discourages people from investing their money.

Has anyone noticed that Trump is somewhat fiscally moderate? First he supports single-payer healthcare (Well he never outright said that he supports single-payer, but he did claim that the single-payer system works well), and now he wants to increase taxes on the rich.

[Statilius the Epicurean]

Trump is basically the American version of UKIP/Front National/Sweden Democrats/True Finns etc.

[Sprouts Farmers Market ✘]

Massive freedom fighter yet again. No one can stop him now. The Southrons will eat this up.

[dudeabides]

Dudeabides, don't you think it's unfair how hedge fund managers (who typically make millions and millions of dollars a year) only have to pay 20% in taxes, while most other rich people (who get their money through income) have to pay 40% in taxes, and the middle class has to pay around 30%?

I'm mixed on the issue of capital gains tax. A part of me supports an increase in capital gains tax for capital gains that are over $500k (from 20% to 30%), but only if we cut income taxes for the rich first (from 40% to 35%). Another part of me doesn't support an increase in CGT because increasing the CGT discourages people from investing their money.

Has anyone noticed that Trump is somewhat fiscally moderate? First he supports single-payer healthcare (Well he never outright said that he supports single-payer, but he did claim that the single-payer systems works well), and now he wants to increase taxes on the rich.

I don't believe it is unfair. Someone earning $50,000 per year will pay $12,500 in income taxes before deductions. A hedge fund manager who makes $20 million from his/her investments will give $4 million of that to the federal government. The more you earn, the more money in taxes you pay.

Now, I do believe that tax relief should be beneficial to the person making $50,000. I think tax cuts for middle and lower income Americans, as well as for all businesses, is beneficial to the U.S. economy and to help people reach success. But I don't believe punishing the most successful does anything to help our economy, in some cases it hurts our economy. There are TRILLIONS of dollars of investment outside of our shores due to our tax and regulatory climate. We need to change that.

If we are going to ask our wealthier folks to make a sacrifice, I'd much rather it be related to medicare and social security, not taxes.

[Likely Voter]

Trump is a populist and railing against Wall Street fat cats is as old as the hills. The base of the party don't see hedge fund managers as 'job creators' who need to be defended. It is also another position that pits Trump against Bush (Donald's favorite thing to do). He wants some journalist to ask Bush if he is for this. Bush knows that 'the Buffet Rule' is popular and being seen to be another Romney-like tool of Wall Street is bad for the general so it puts him in a bind. Just like Trump position on immigration got Bush in a bind on 'anchor babies', Trump wants to see Bush get tied into knots defending Wall Street. Classic trolling, and somewhat brilliant.

[The Free North]

Awful

[Landslide Lyndon]

Sounds like Newt Gingrich 2012.

[○∙◄☻¥tπ[╪AV┼cVê└]

We suck less 3rd way isn't going to win against him.

[cwt]

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The gambling man is rich and the working man is poor.

[/]

I am now officially endorsing Donald Trump for the presidency.

[Sasquatch]

FF position

[hopper]

Trump sounds like a Democrat!

[Maxwell]

Sounds like Newt Gingrich 2012.

Yeah, I found this interesting. And they can't really call Trump anti-business because, well, he is business.

[dudeabides]

Sounds like Newt Gingrich 2012.

Yeah, I found this interesting. And they can't really call Trump anti-business because, well, he is business.

For crying out loud, Donald Trump is not a typical businessman, he's a fraud who has been in bankruptcy four times because he is a gross incompetent. When people say he's a businessman, it's an insult to people who really are hard working business people who play by the rules.

Trump is anti-business, he is for higher taxes and protective tariffs. He hates freedom.

[Orthogonian Society Treasurer]

Sounds like Newt Gingrich 2012.

Yeah, I found this interesting. And they can't really call Trump anti-business because, well, he is business.

For crying out loud, Donald Trump is not a typical businessman, he's a fraud who has been in bankruptcy four times because he is a gross incompetent. When people say he's a businessman, it's an insult to people who really are hard working business people who play by the rules.

Trump is anti-business, he is for higher taxes and protective tariffs. He hates freedom.

Please stop posting until you understand the difference between Chapter 11 and Chapter 7 bankruptcy.

[Southern Senator North Carolina Yankee]

More proof he's a socialist. Redistribution has never worked and it will never work. This is why he's not a serious candidate and lacks the brains to lead. What we should be doing is cutting taxes and reforming the tax code. The Fair Tax, a flat tax, what Marco Rubio has proposed, and what Paul Ryan has proposed should all be considered. Jeb Bush and others will release tax plans, my guess is they won't increase taxes on anyone. Should Trump win the presidency and succeed at raising taxes and stopping free trade, wages will sharply decline and our economy will enter depression.

The Democrats want to increase taxes to increase spending. Donald Trump wants to use the tax code to punish those who don't do exactly what he wants. It's worse than the Democrats even.

No one in the tank for special interests is going to go along with getting rid of the loopholes that make them rich. They don't give a damn about offshoring of capital and the high tax rates. They have a guy in DC, that "fixes things for them". Until you break their hold on the process, no flat or fair tax would pass. Bush can propose all he wants, Rubio can propose all he wants. If the wheels are already greased, it doesn't matter what they say. $5 million or $10 million says they are just platitudes and in the end they will have their backs. And the application of a fair tax or a flat tax implies that someone who is not presently paying taxes will now be subject to taxation and thus "have their taxes raised".

Conservatism is about more than ensuring that corrupt paper pushers get lower or no tax rates, whilst everyone else gets screwed. That is not Conservatism, that is corporatism. You can whine about protectionism all you want, but the status quo is more corporatist than anything Trump is pushing.

I just wish it was someone like Paul that was successfully articulating this message to the base and not Trump.

[BlueSwan]

Probably a very good move by Trump - not only for the battle for the republican nomination, but also for the general election.

[dudeabides]

More proof he's a socialist. Redistribution has never worked and it will never work. This is why he's not a serious candidate and lacks the brains to lead. What we should be doing is cutting taxes and reforming the tax code. The Fair Tax, a flat tax, what Marco Rubio has proposed, and what Paul Ryan has proposed should all be considered. Jeb Bush and others will release tax plans, my guess is they won't increase taxes on anyone. Should Trump win the presidency and succeed at raising taxes and stopping free trade, wages will sharply decline and our economy will enter depression.

The Democrats want to increase taxes to increase spending. Donald Trump wants to use the tax code to punish those who don't do exactly what he wants. It's worse than the Democrats even.

No one in the tank for special interests is going to go along with getting rid of the loopholes that make them rich. They don't give a damn about offshoring of capital and the high tax rates. They have a guy in DC, that "fixes things for them". Until you break their hold on the process, no flat or fair tax would pass. Bush can propose all he wants, Rubio can propose all he wants. If the wheels are already greased, it doesn't matter what they say. $5 million or $10 million says they are just platitudes and in the end they will have their backs. And the application of a fair tax or a flat tax implies that someone who is not presently paying taxes will now be subject to taxation and thus "have their taxes raised".

Conservatism is about more than ensuring that corrupt paper pushers get lower or no tax rates, whilst everyone else gets screwed. That is not Conservatism, that is corporatism. You can whine about protectionism all you want, but the status quo is more corporatist than anything Trump is pushing.

I just wish it was someone like Paul that was successfully articulating this message to the base and not Trump.

On reforming the tax code, taking on the special interests is necessary. We have too many loopholes and deductions - such as the mortgage deduction - that create bubbles in different markets. I am not going to deny that reforming our broken tax code will be difficult, but it can be done and there is actually consensus on this issue. We have to substantially lower our tax rates and then get rid of these loopholes and limit deductions. For the most part, the folks who are not paying taxes today are those who are criminals. Under a Fair Tax, they'd now be subject to a 23% tax on new goods and services just like everyone else.

Conservatives believe that everyone should pay lower tax rates, we can't continue to pick winners and losers. Also, protectionism has never created a job. I have put forward the facts about how free trade leads to more jobs, higher wages, and lower prices here before. Mr. Trump and his fellow socialists refuse to look at the facts and instead seek to stir emotions without the use of logic. Either you are for free markets or not, and Mr. Trump and his fellow protectionists are against free markets.

Rand Paul is articulating a message of free markets to the base, as Mr. Trump articulates a socialist, anti-american message.

[xavier110]

Of course the only job creator in this race (lol at Fiorina) understands the real world. Trump 2016!

[Simfan34]

Who is this guy? Why don't they just vote for a Democrat if they like this stuff?

[Rockefeller GOP]

Sounds like Newt Gingrich 2012.

Yeah, I found this interesting. And they can't really call Trump anti-business because, well, he is business.

For crying out loud, Donald Trump is not a typical businessman, he's a fraud who has been in bankruptcy four times because he is a gross incompetent. When people say he's a businessman, it's an insult to people who really are hard working business people who play by the rules.

Trump is anti-business, he is for higher taxes and protective tariffs. He hates freedom.

Aren't you the one always b*tching about "corporate welfare"??  You shouldn't be calling people "anti-business."

[dudeabides]

Sounds like Newt Gingrich 2012.

Yeah, I found this interesting. And they can't really call Trump anti-business because, well, he is business.

For crying out loud, Donald Trump is not a typical businessman, he's a fraud who has been in bankruptcy four times because he is a gross incompetent. When people say he's a businessman, it's an insult to people who really are hard working business people who play by the rules.

Trump is anti-business, he is for higher taxes and protective tariffs. He hates freedom.

Aren't you the one always b*tching about "corporate welfare"??  You shouldn't be calling people "anti-business."

Corporate welfare is when the federal government hands out subsidies to certain companies or industries. I'm against categorically raising taxes on anyone. You either cut taxes, raise taxes, or keep tax rates the same for everyone - no winners and losers. Raising taxes on hedge fund managers is picking a loser.

[The Free North]

More uneducated gargle from the clown.