Help protect children from gaming harms.

Take our survey

Please or to access all these features

Politics

Trump promises zero tax for the poor and slashed tax for the middle class

30 replies

claig · 28/09/2015 16:41

Is Labour's John McDonnell learning from people's politician Donald Trump about how to deliver a people's tax plan?

Trump says he will soak the rich and slash taxes for everyone else. If Trump goes for this, the Establishment candidates will lose the election and the people's President will be Donald Trump.

www.dailymail.co.uk/news/article-3251512/Trump-promises-millions-Americans-ZERO-cent-tax-Donald-plans-cut-tax-middle-class-corporations-raise-payments-rich-pay-taking-jobs-China-Mexico.html

Can Corbyn's real Labour learn from populist Trump and soak the Tory-lites in their two kitchen multiple mansions?

www.dailymail.co.uk/news/article-3251512/Trump-promises-millions-Americans-ZERO-cent-tax-Donald-plans-cut-tax-middle-class-corporations-raise-payments-rich-pay-taking-jobs-China-Mexico.html

OP posts:
New posts on this thread. Refresh page
claig · 29/09/2015 16:30

Can you try and maintain debate above the level of Piers Gaveston standards?

OP posts:
Isitmebut · 29/09/2015 16:08

no, just a 'member'.

My left (wing) butt cheek feels suitably warm and fuzzy, so your Farage/Conservative apology must have been accepted. x

claig · 29/09/2015 14:44

I think you are mistaking me for a Piers Gaveston member. I don't go near modernisers with a bargepole.

OP posts:
Isitmebut · 29/09/2015 14:35

claig .... in the spirit of getting an acceptance of getting our predictions right, for your UKIP & Conservative Party 2015 predictions, I am either ready for an internet style eye to eye apology, or for you to kiss my perfumed (always) arse.

Which end would you like to approach?

claig · 29/09/2015 14:14

I don't recognise what you are on about.

OP posts:
Isitmebut · 29/09/2015 14:06

If my equally long shot U.S. Republican candidate Fiorina gets the nomination, that is also worth a 'double tap' butt cheek kiss.

www.mumsnet.com/Talk/politics/2469560-Republican-nominees-Mr-Trump-vs-Ms-Fiorina-whats-the-odds-on-the-latter

Isitmebut · 29/09/2015 14:02

If Trump wins, I will expect apologies from modernisers.

Done, so may we now please have an apology each for all your predictions that went boobs up and the abuse we had over a few thousand posts; starting with your Farage in Westminster and landslide seats tally, as so far, the only 2 Westminster MP's UKIP have had, were SITTING TORY MPs lured to the dark side by promises of something.

Not one bit of home grown UKIP 'fruit' has reached Westminster, and your seats her halved, no other party has that baggage.

P.S. May I then have one for your prediction that the Tories would be wiped out in May 2015, and as Dave leading a coalition doing unpopular clean ups achieved a majority (not I or anyone else 'blue' ever thought could happen) - I expect a kiss on both butt cheeks. lol

claig · 29/09/2015 13:53

'Our claig is far bigger on several buzz words, than on policy detail'

Jeb Bush, the Republican Establishment, the modrnisers, Fox News and the elite all said the same about Donald Trump, but he is way ahead of the pack among Repunlican candidates and I'm with Trump, who is with the people.

OP posts:
claig · 29/09/2015 13:50

'A claig endorsement is usually the 'kiss of death'.'

Shall we wait and see before casting judgement? If Trump wins, I will expect apologies from modernisers. I use buzzwords to create buzz and emphasise what is really at stake in the battle between the people and the elites.

OP posts:
emotionsecho · 29/09/2015 13:45

Indeed, Isitmebut, it is very difficult to take someone seriously when they perform so many u-turns in so short a space of time and can only argue in soundbites whilst decrying the use of soundbites.

The latching onto this mythical 'people vs the elite' at every opportunity irrespective of who is at the head of the bandwagon is amusing. A claig endorsement is usually the 'kiss of death'.

Isitmebut · 29/09/2015 13:37

Our claig is far bigger on several buzz words, than on policy detail, which is why thought the sun shone from Farage's rear end.

Similarly with Corbyn and Trump, claig is going for quantity of posts over real world factuality - its in her contract.

emotionsecho · 29/09/2015 13:32

You missed out these bits claig:

Yet a close look at his proposal — which still lacks many basic details — suggests that similar to the Bush plan, the majority of the benefits would flow to the wealthy. In some ways, it could be even more generous.

The biggest benefit for the top 1 percent would be the proposed reduction of the highest income-tax rate, which Trump said he would cut from 39.6 percent to 25 percent.

Trump would also cut the tax rate for long-term capital gains — which flow mainly to the wealthy — to 20 percent, from the current 23.8 percent.

Trump said he would eliminate deductions and "loopholes" except for charity.

Eliminate the alternative minimum tax and the estate tax, which Trump calls "double taxation." He said the latter tax forces many families "to go through hell," even though the current exemption is $5.43 million for individuals and nearly $11 million for couples. Therefore, it only applies to the wealthiest 0.12 percent of estates.

The top 1 percent of earners would reap the largest financial benefits from Bush's plan. While the middle 40 to 50 percent of taxpayers would see their after-tax incomes grow by 12.5 percent under that plan, the top 1 percent would see their incomes grow by 16.4 percent — the highest of any group, according to the Tax Foundation. Since Trump's plan calls for an even lower top tax rate on the wealthy, it could even better for those at the top.

I'm surmising that many of the Hedge Fund Billionaires fall into to the category of the wealthiest.

Corbyn and McDonell following a similar plan in the UK, best laugh I've had in ages.

claig · 29/09/2015 13:11

'I find it sightly ironic that Trump is trying to present himself as populist bearing in mind that he, his family and various companies have availed themselves of every possible tax avoidance scheme going in order to reduce what they pay.'

emotions, nobody is perfect. It is a start. Go The Donald!

OP posts:
claig · 29/09/2015 13:09

"The biggest benefit for the top 1 percent would be the proposed reduction of the highest income-tax rate, which Trump said he would cut from 39.6 percent to 25 percent. Bush's proposal is 28 percent.

And like Bush, Trump would also cut the tax rate for long-term capital gains — which flow mainly to the wealthy — to 20 percent, from the current 23.8 percent."

This sounds like modernisers and the Establishment trying to do Trump down, but it is perfectly reasonable to simplify and cut tax for the rich while simultaneously taking away their deductions.

"he said "everyone will do better" — including the wealthy — because it would improve growth"

That's fine.

The only thing I don't like is he is not hitting the charidees. Sounds like he is starting to go all politically correcr.

OP posts:
emotionsecho · 29/09/2015 13:08

I was alluding to the top rate of tax set at 25% claig.

I find it sightly ironic that Trump is trying to present himself as populist bearing in mind that he, his family and various companies have availed themselves of every possible tax avoidance scheme going in order to reduce what they pay.

claig · 29/09/2015 13:04

"There will be people in the very upper echelons that won't be thrilled with this because we're taking away their deductions," Trump said.

I don't think Blair will leave the country and go to the US anytime soon under a Trump Presidency. That may not be such a good thing. Go The Donald!

OP posts:
claig · 29/09/2015 13:03

"The plan's main selling point is a zero-tax rate for individuals making less than $25,000 and couples making less than $50,000. While nearly half of Americans already pay no income taxes, Trump said the change would eliminate taxes for an additional 31 million Americans.

At the same time, he said the plan would take away deductions and "loopholes" that are mainly exploited by the wealthy. That includes eliminating the so-called "carried interest" loophole used by hedge-funders and private equity chiefs."

Now we're cruising at high altitude. Go the Donald!

OP posts:
claig · 29/09/2015 13:01

'In an effort to transform himself into a billionaire populist, Donald Trump has presented a tax plan designed to appeal to conservatives and voters who are angry with the rich.'

We're off to a flying start. Only the Piers Gaveston could see something wrong with that.

OP posts:
claig · 29/09/2015 12:59

emotions, I haven't read Isit's link yet because from experience those links are usually moderniser mush. But I will read it and see if it sounds truthful.

OP posts:
emotionsecho · 29/09/2015 12:49

If the tax rates posted by Isitmebut are what Trump is proposing it is hardly soaking 'the rich' is it claig?

Isitmebut · 29/09/2015 12:42

but McDonnell is a start and maybe he will eventually learn from Trump.

Yeah, but hopefully McDonnell don't lower the UK Capital Gains Tax (real millionaires tax) as far as socialist Brown did - while leaving the UK poor on the benefit/welfare/unemployed/homeless, scrapheap.

"Trump tax plan may help the rich more than Bush's"
www.cnbc.com/2015/09/28/trump-tax-plan-may-help-the-rich-more-than-bushs.html

claig · 29/09/2015 12:09

I know that Trump is better than McDonnell, but McDonnell is a start and maybe he will eventually learn from Trump.

OP posts:
Isitmebut · 29/09/2015 12:05

Yes dear.

You clearly missed the bit where Old McDonnell funny farm wants to tax the ying-yangs out of companies, whereas Trump wants to lower them.

FYI the Trump policy is a package to stimulate private sector growth, McDonnell's is to build up the fixed costs of the PUBLIC sector, relying on ever fewer private sector tax receipts (and less jobs with a huge MW) to fund them.

claig · 29/09/2015 11:36

'As usual, you have been taken in by the spin of the modernisers'

Or maybe you are a moderniser on steroids on a mission to spin.

OP posts:
claig · 29/09/2015 11:35

'In other words, trying to teach Conservatives how to cut UK taxes, is like offering to teach a Russian grandmother how to such vodka through a straw.'

As usual, you have been taken in by the spin of the modernisers

"Embarrassment for 'tax-cutter' Cameron after it's revealed Coalition has raised our taxes by £255 each

Prime Minister David Cameron has claimed to be a 'tax cutting' politician
Reputation under fire after the revelation by the Institute for Fiscal Studies
It discovered tax rises totalled £64.3billion - including £14billion VAT hike
Millions are paying 40p tax for first time and inheritance tax increased too"

www.dailymail.co.uk/news/article-2994282/Embarrassment-tax-cutter-Cameron-s-revealed-Coalition-raised-taxes-255-each.html

OP posts:
Swipe left for the next trending thread