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Message
re: No Democrats voted to give us a tax cut.
Posted on 11/17/17 at 11:47 am to texridder
Posted on 11/17/17 at 11:47 am to texridder
quote:
The Senate's version would provide a 17.4% percent deduction for pass thru income. So if a top bracket tax payer arranges his finances to receive compensation through a pass thru entity, his tax rate falls from 39.6% to 22.2%.
quote:
That is a HUGE tax cut for the top earners. One of whom is Trump.
So if your statement is correct, then Trump is paying the US Govt. 39.6 % of his profits right now!!!!! I thought the Dems were telling us last year that Trump paid no taxes?
Come on man, you have to try harder than that. You can't say one year Trump paid nothing and next year he's giving himself a major tax cut.
Get outta here!!!!!
2
Posted on 11/17/17 at 12:43 pm to doubleb
quote:
Come on man, you have to try harder than that. You can't say one year Trump paid nothing and next year he's giving himself a major tax cut.
So that's what you got out of my entire post? I was using Trump as an example because fit the bill.
How about the info I posted on the HUGE tax cut for pass thru income. That didn't even interest you, huh. Go back to sleep in your cocoon.
Posted on 11/17/17 at 2:34 pm to doubleb
quote:
So if your statement is correct, then Trump is paying the US Govt. 39.6 % of his profits right now!!!!! I thought the Dems were telling us last year that Trump paid no taxes?
Come on man, you have to try harder than that. You can't say one year Trump paid nothing and next year he's giving himself a major tax cut.
I was using Trump as an example how the pass thru tax cut/deduction is a huge tax cut for the top earners -- including Trump.
So you're buying that the proposed tax cut does not favor the wealthy when, in most cases, they can receive income through pass through entities and only pay 22.2% taxes on their income?
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