Donald Trump wants to tax the rich

He wants to cut government spending and stop raising the debt ceiling.

"The hedge fund people make a lot of money and they pay very little tax," Trump said in an interview Wednesday with Bloomberg. "I want to lower taxes for the middle class."

In short, Trump is willing to raise taxes on himself and those like him.

Many hedge fund managers and real estate investors are able to list their earnings as "carried interest" because of an IRS tax rule. They are able to cast their earnings as investment gains instead of income, which allows them to be taxed at a lower rate.

"You've seen my statements. I do very well. I don't mind paying a little more in taxes. The middle class is getting clobbered in this country," he said.

Donald Trump thinks we should tax the rich more

About time someone in the know admits that they cheat the system. I don't like the idea of cutting infrastructure and science but I'll agree with him with this.
 

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