Real estate billionaire mogul and 2016 presidential candidate Donald Trump said something that most of his fellow GOP rivals wouldn’t commit to: raising taxes on the wealthy.
The idea of taxing the rich to pay for government, wars and welfare has been very popular for the past several years. And Trump endorses this concept because he believes it’s only fair since the “middle class is getting clobbered.”
Instead, Trump wants to cut taxes for the middle class, simplify the tax code and lower corporate taxes to avoid corporate inversion. This should certainly resonate with conservatives, liberals and diehard Republicans.
Here is what he told Bloomberg News on Wednesday:
“I would take carried interest out, and I would let people making hundreds of millions of dollars a year pay some tax, because right now they are paying very little tax and I think it’s outrageous,” Trump told the business news outlet. “I want to lower taxes for the middle class.”
He added: “You know the middle class built this country, not the hedge fund guys, but I know people in hedge funds that pay almost nothing and it’s ridiculous, OK?”
But can you really believe it? Probably not. The U.S. has been told for years by every single Republican candidate over the past 20 years that they want to simplify the tax code. In 2008, Rudy Giuliani wanted to implement a plan that would allow Americans to file their taxes on a single sheet of paper. Ron Paul, meanwhile, wanted to scrap the tax code and the income tax.
Trump’s goal is to simplify the tax code so much that you “put H&R Block out of business.”
In regards to the debt ceiling, Trump is urging congressional Republicans to take the fight to President Obama. “I would say that it’s worth the fight, because honestly there’s so much fat in Washington, that if you had the right people in there you could cut it and there would be no problem,” Trump said.
Nationally, Trump is No. 1 in the polls with 23.5 percent. His second closest competitor is Ben Carson, who is polling at around 10 percent. He is followed by Jeb Bush, who is also at around 10 percent. Also, Trump is beginning to gain ground on Hillary Clinton in the general election as he is now just eight points behind as opposed to his previous double digits.
Trump’s plan sounds like the 2-4-8 Tax Blend described at TaxNetWealth.com.
If a thug only stole $1 from you per day, is that an acceptable amount of stealing? Of course not. No stealing is acceptable, so ALL taxes are unacceptable. Did you sign a contract agreeing to pay taxes? Would you pay taxes if you didnt have to? Then its stealing.
“But we have to pay taxes!” Well then people would pay voluntary. They wouldnt have to be forced to do it.
If you were born in a prison you would think its totally normal to need permission to leave (passport), to be told what you can eat and drink (FDA), to be forced to work (taxes), and to be bullied by the guards (regulations). We are all living in a prison. Time to break out.