BrokeLoser
Diamond Member
- Sep 9, 2016
- 40,421
- 22,722
With all the talk of Trumps tax returns...I'm genuinely curious...these do-gooders when armed with others checkbooks who are bad mouthing Trump must be contributing more...no?
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Contribute? He paid taxes.
31 milion AMT .. the tax on his list to eliminate.
gee, imagine that.
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The vast majority of Trump’s income taxes — a $31 million — came in the form of an Alternative Minimum Tax (AMT), a tax that prevents the U.S.’s top earners from paying minimal or no taxes by curbing the kinds of deductions and write-offs they can claim.
Without the AMT, Trump would have only paid roughly $5.5 million, meaning he’d have forked over a mere 4 percent of his income to the government. The average American taxpayer pays about 10 percent, while those earning more than $1 million, on average, are taxed at a 27.4 percent rate.
Trump has promised tax reform, which includes simplifying the tax code and eliminating the AMT.
Doesn't mean it would eliminate his taxes. They would just be figured another way, dear.31 milion AMT .. the tax on his list to eliminate.
gee, imagine that.
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The vast majority of Trump’s income taxes — a $31 million — came in the form of an Alternative Minimum Tax (AMT), a tax that prevents the U.S.’s top earners from paying minimal or no taxes by curbing the kinds of deductions and write-offs they can claim.
Without the AMT, Trump would have only paid roughly $5.5 million, meaning he’d have forked over a mere 4 percent of his income to the government. The average American taxpayer pays about 10 percent, while those earning more than $1 million, on average, are taxed at a 27.4 percent rate.
Trump has promised tax reform, which includes simplifying the tax code and eliminating the AMT.
Trump's daddy's company has been really good to him.With all the talk of Trumps tax returns...I'm genuinely curious...these do-gooders when armed with others checkbooks who are bad mouthing Trump must be contributing more...no?
Because of constant brainwashing by Leftists and the MSM, most Americans have come to think of OTHER PEOPLES' taxes in terms of percentages.
Ask a typical, well-read American, "Who pays more in taxes, Warren Buffet or his secretary?" and the response will be, more or less, 'Well, surprisingly, it's his Secretary!"
Which is total nonsense. His secretary pays a couple thousand a year in taxes and WB pays tens of millions. But AS A PERCENTAGE OF TOTAL INCOME, the secretary may pay a lower percentage.
So when you point out that Trump paid, in one year, tens of millions of dollars in taxes, the typical (ignorant) American will come back with, "But what Percentage was that to his total income?" As though that settles it.
I don't know about anyone but myself, but I pay my taxes in DOLLARS, not in percentage points. And when someone pays tens of millions in Federal Income tax, in my mind THEY HAVE PAID ENOUGH FOR A LIFETIME. I don't give a fuck how much they made in that year, or in any other year.
If our Congresspersons had any balls at all, there would be a MAXIMUM dollar value that any individual taxpayer can be compelled to pay. That is an AMOUNT, not a PERCENTAGE. Once you have paid a million bucks, or whatever number they pick, YOU HAVE PAID YOUR SHARE, and it doesn't matter how much you have made, enough is enough.
With all the talk of Trumps tax returns...I'm genuinely curious...these do-gooders when armed with others checkbooks who are bad mouthing Trump must be contributing more...no?
Flawed question. Trump ran president; none of us will.With all the talk of Trumps tax returns...I'm genuinely curious...these do-gooders when armed with others checkbooks who are bad mouthing Trump must be contributing more...no?
As far as I'm concerned, the sum one contributes in taxes and to the economy in general is, or should be, directly proportional to the amount of influence and access one has in the policy making process. That's it.With all the talk of Trumps tax returns...I'm genuinely curious...these do-gooders when armed with others checkbooks who are bad mouthing Trump must be contributing more...no?