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Trump is #2 in GOP Field - Page 377

post #5641 of 8748
isn't hillary's whole tax plan basically raise tax on rich people to fund all these programs? and trump's tax plan is basically tax cuts for everyone but especially the rich even tho we wont have money to fund anything anymore

600 households out of 125 million....

i looked up some research center that said 20 households in 2013.
post #5642 of 8748
Quote:
Originally Posted by indesertum View Post

isn't hillary's whole tax plan basically raise tax on rich people to fund all these programs? and trump's tax plan is basically tax cuts for everyone but especially the rich even tho we wont have money to fund anything anymore

600 households out of 125 million....

i looked up some research center that said 20 households in 2013.

Um, 125 million is not the proper denominator. The proper denominator would be households that left an estate, which according to my link, was about 2.5 million.

My take is Hillary won't really materially impact the really rich people, like the ones that fund the Clinton Foundation, but will end up mainly impacting people like many of the ones on Sty-Fo. I predict income earners between 150-500k will end up shouldering the brunt of any of her changes.
post #5643 of 8748
Quote:
Originally Posted by Piobaire View Post


Um, 125 million is not the proper denominator. The proper denominator would be households that left an estate, which according to my link, was about 2.5 million.

My take is Hillary won't really materially impact the really rich people, like the ones that fund the Clinton Foundation, but will end up mainly impacting people like many of the ones on Sty-Fo. I predict income earners between 150-500k will end up shouldering the brunt of any of her changes.


Of course, but it is easier to talk about the evil rich. :)

Quote:
Originally Posted by indesertum View Post

isn't hillary's whole tax plan basically raise tax on rich people to fund all these programs? and trump's tax plan is basically tax cuts for everyone but especially the rich even tho we wont have money to fund anything anymore

600 households out of 125 million....

i looked up some research center that said 20 households in 2013.

 

I don't know if you can say Trump's plan would dramatically cut the rich's tax bill.  It caps itemized deductions and tax carried interest as ordinary income.

 

Back of the envelope math to me looks like those in the $50-200k range get the biggest reduction, especially non-home owners as the standard deduction is increased.

post #5644 of 8748
Quote:
Originally Posted by Piobaire View Post

I predict income earners between 150-500k will end up shouldering the brunt of any of her changes.

This is my big complaint with the approach the Democrats have been taking of late. It's all on higher income working people, while talking about "millionaires and billionaires." Some lawyer or doctor isn't "Wall Street," but that's where the policies are going. It's all income taxes and stuff like estate taxes, because that's what voters understand.
post #5645 of 8748
Quote:
Originally Posted by Gibonius View Post

This is my big complaint with the approach the Democrats have been taking of late. It's all on higher income working people, while talking about "millionaires and billionaires." Some lawyer or doctor isn't "Wall Street," but that's where the policies are going. It's all income taxes and stuff like estate taxes, because that's what voters understand.

This is honestly not a new Dem thing but has been around as long as I've been paying attention. It's like when Bill Clinton made it a point to right away hike taxes back in the 90s. HIWS had to pay it but Michael Eisner just gave the big FU and exercised $200 mil or so of stock options. Here: http://articles.latimes.com/1992-12-02/news/mn-1293_1_income-tax-rate
post #5646 of 8748
Quote:
Originally Posted by Piobaire View Post


This is honestly not a new Dem thing but has been around as long as I've been paying attention. It's like when Bill Clinton made it a point to right away hike taxes back in the 90s. HIWS had to pay it but Michael Eisner just gave the big FU and exercised $200 mil or so of stock options. Here: http://articles.latimes.com/1992-12-02/news/mn-1293_1_income-tax-rate

 

I'm shocked!  Here, I thought paying taxes was patriotic and people just line up to pay more taxes.

post #5647 of 8748

It's all about that AMT and making a good income but not so much you are able to shelter it or have it taxed as capital gains.  Protesters were all worked up about the 99% but not so much of it was in favor of helping out the 97th - 99th percentiles...

post #5648 of 8748
Quote:
Originally Posted by brokencycle View Post
 
 

I'm shocked!  Here, I thought paying taxes was patriotic and people just line up to pay more taxes.

Go to the DMV

post #5649 of 8748
Quote:
Originally Posted by indesertum View Post

The "I vote for Trump cuz Hillary is going to raise the estate tax" seems rather out of touch considering like .2% of all households will pay any estate tax and like maybe 20 households a year pay it

 

The Windsor gay marriage case originated as an estate tax case.  Wealthy dead straight people = greedy bastards.  Wealthy dead lesbian = social justice pioneer.

post #5650 of 8748

Hofstra had Nassau County police throw Jill Stein off campus.  Burn in hell, Hofstra.

post #5651 of 8748
Quote:
Originally Posted by NickCarraway View Post

The Windsor gay marriage case originated as an estate tax case.  Wealthy dead straight people = greedy bastards.  Wealthy dead lesbian = social justice pioneer.

I hate to say it but a broken clock is correct twice a day.
post #5652 of 8748
Quote:
Originally Posted by Gibonius View Post

This is my big complaint with the approach the Democrats have been taking of late. It's all on higher income working people, while talking about "millionaires and billionaires." Some lawyer or doctor isn't "Wall Street," but that's where the policies are going. It's all income taxes and stuff like estate taxes, because that's what voters understand.

Good point. It's not obvious why taxes on the payoff to investing in financial capital should be lower than taxes on the payoff to investing in human capital.
post #5653 of 8748
Quote:
Originally Posted by Piobaire View Post

Um, 125 million is not the proper denominator. The proper denominator would be households that left an estate, which according to my link, was about 2.5 million.

My take is Hillary won't really materially impact the really rich people, like the ones that fund the Clinton Foundation, but will end up mainly impacting people like many of the ones on Sty-Fo. I predict income earners between 150-500k will end up shouldering the brunt of any of her changes.

i disagree. my point is out of all the households in the US it's an extremely small portion that are able to leave an estate much less pay estate tax on it.

the cool thing about your conjecture about who will be affected is that a few organizations have already done the calculations so you dont have to



http://www.taxpolicycenter.org/publications/analysis-hillary-clintons-tax-proposals/full



http://taxfoundation.org/sites/default/files/docs/TaxFoundation-FF496.pdf


so looks like the ones that fund the clinton foundation will be the ones that would be most impacted
post #5654 of 8748
Quote:
Originally Posted by brokencycle View Post


Of course, but it is easier to talk about the evil rich. smile.gif

I don't know if you can say Trump's plan would dramatically cut the rich's tax bill.  It caps itemized deductions and tax carried interest as ordinary income.

Back of the envelope math to me looks like those in the $50-200k range get the biggest reduction, especially non-home owners as the standard deduction is increased.



http://www.taxpolicycenter.org/publications/analysis-donald-trumps-tax-plan/full

i dunno about you but 1.3 million for the 0.1%ers seems a tad dramatic for me
post #5655 of 8748
Saw this online and had to repost it for sheer WTF of it.
This is how Donald speaks about Iran deal. He is a special bowl of marbles...

"Look, having nuclear — my uncle was a great professor and scientist and engineer, Dr. John Trump at MIT; good genes, very good genes, okay, very smart, the Wharton School of Finance, very good, very smart — you know, if you’re a conservative Republican, if I were a liberal, if, like, okay, if I ran as a liberal Democrat, they would say I'm one of the smartest people anywhere in the world — it’s true! — but when you're a conservative Republican they try — oh, do they do a number — that’s why I always start off: Went to Wharton, was a good student, went there, went there, did this, built a fortune — you know I have to give my like credentials all the time, because we’re a little disadvantaged — but you look at the nuclear deal, the thing that really bothers me — it would have been so easy, and it’s not as important as these lives are (nuclear is powerful; my uncle explained that to me many, many years ago, the power and that was 35 years ago; he would explain the power of what's going to happen and he was right — who would have thought?), but when you look at what's going on with the four prisoners — now it used to be three, now it’s four — but when it was three and even now, I would have said it's all in the messenger; fellas, and it is fellas because, you know, they don't, they haven’t figured that the women are smarter right now than the men, so, you know, it’s gonna take them about another 150 years — but the Persians are great negotiators, the Iranians are great negotiators, so, and they, they just killed, they just killed us."
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