6 things you want to know about Trump's tax plan, #3 is fascinating, Democrats have wanted for decades

Money

 

(1)  YUUUGGGE tax break for the Middle Class

  • Households making less than $50k a year will pay nothing in federal income taxes, which gives tax relief for an additional 75 million households.
  • Instead, those Americans will only have to fill out a new, one page form to the IRS, saying, and I quote from his website, "I win."  This will save those 75 million families an average of $1000 a year.  

(2)  Simplifies Tax Code

  • Trump is reducing the number of tax brackets from 7 to 4.

    $300,001+ = 25% 
    $100,000 - 300,000 = 20%
    $50,001 - $100,000 = 10%
    $50,000 and lower = 0%
     
  • The Alternative Minimum Tax (AMT) and the marriage penalty are gone.
  • No business of any size will ever pay more than 15% of their business income in taxes, switching America from being taxing its business at the highest rates in the industrialized world, to the lowest.  

(3)  Eliminates tax loops holes on super wealthy

  • That's right, the main pillar of the Democrat party is to tax the rich and remove their loopholes.  Well, Trump is doing that.
  • Trump wants to steepen the curve of the Personal Exemption Phaseout and the Pease Limitation on itemized deductions.
  • Phasing out of the tax exemption on life insurance interest for high-income earners
  • End the current tax treatment of carried interest for speculative partnerships that do not grow businesses or create jobs and aren't risking their own capital.

(4)  Brings corporate profits back from Overseas

  • There is an estimated $25 trillion in cash held by US companies overseas.  The business have already paid taxes on that revenue in the foreign country and refuse to pay twice by bringing it back into the states.
  • Trump solves this problem pretty easily:  a one-time fee of 10% to bring the money back, instead of a ridiculous 40%.  This is instantly bring in a much needed $2.5 Trillion back into the US.

(5)  Plan is revenue Neutral

  • All tax cuts are paid for by reducing and eliminating deductions and loopholes for the very wealthy
  • Bringing $2.5 trillion of new revenue currently being hidden overseas, followed by ending the deferral of taxes on corporate income
  • Reducing or eliminating corporate loopholes for special interests, as well as made unnecessary or redundant by the new lower tax rate on corporations and business income.
  • Phase in reasonable cap on the deductibility of business interests expenses

(6)  No more death tax

  • One of the most egregious and criminal aspects of American government in the death tax.  After paying taxes your entire life, when you die, the government takes half of whatever you have left! 
  • This is obviously gone with a Trump Presidency.

There are elements in this tax plan both conservatives and even liberals can get behind.  Many un-biased economists like Larry Kudlow have praised the plan.  So, get ready for months of mis-information and lies from the Washington Elite and the state run media to discredit this plan.  Because, if Democrats and Independents find out this plan helps everyone, the election will be over and Donald Trump will be the President of the United States.

Read Trump's full tax plan here

BREAKING: Liberal agitators fighting cops!! Currently trying to break into #CAGOPConvention venue!!

In continuation of the violence from last night.  The Democrat power structure has released more agitators at the Trump rally in California.  They are now fighting cops and attempting to break into the venue.  

Hoping for another violent confrontation, agitators attempted to barricade the front of the venue.  

Trump went in through the back.

Here was last night....

Trump loves the Educated and they love him

Donald Trump

An important fact that should not be lost from last #SuperTuesday Trump crushed it with educated and wealthy voters.  Will you hear this in the #MainstreamMedia as often as we heard his success with uneducated and poor voters?  Of course not, it doesn't fit their narrative that Trump voters are racist idiots. 

Trump got over 50% of the primary vote in EVERY state on Tuesday.  No candidate could bring in those numbers without connecting to all demographics.  Love him or hate him the #TrumpTrain is just speeding up.

As the pundits and Washington elite grasp at straws trying to explain back their sanity, telling people that Trump still had problems reaching that "30% threshold" then the "40%" threshold," they are now forced to realize Trump resonates with all people, all ages and all races.

The next shoe to drop for the "experts" -- black voters.  Right now, 70% of African-Americans said that they would never vote for Trump, which sounds bad, right?  The media loves using that stat to prove Trump and his followers are racist.  If 70% won't, that means 30% would consider voting for Trump, and if half of them do, Donald Trump will win the Presidency in a landslide victory. 

Donald Trump has won the Republican Nomination

Donald Trump wins Nomination

You heard it here first, Rosie O'Donnell is singing (screeching), and one step closer to Canada..  Donald Trump is up big in Indiana and with those delegates he's well on his way over the 1237 mark. The Republican establishment and #NeverTrump folks are helpless to stop him.  The media, who has told us for the past month we're headed to an open convention, are STUNNED!

The Washington elites are realizing they aren't the smart guys in the room, just smart for DC I guess?  These strategists get paid 6 & 7 figures to be the "experts" and are now realizing they know nothing...    #youKnowNothingJohnSnow

It is amazing to watch, in real-time, talking heads both from the left & right twisting into pretzels trying to explain Trump and his overwhelming support.  A lot of very powerful people completely underestimated the will of the American people.  They have spoken and they want Trump.