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Do you think that the Trump Tax plan will help the middle class?

I have no idea

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1. Thomas C CEOExpressSelect Member
     (11/21/2017 1:38:19 PM)
     Message ID #294058

This message is in response to Michael O'Neill ( message id #294054 )  Back To All Messages


Clinton slashed the Capital Gains rate from 28% to 20%, a 28.5% cut

He also changed the capital gains treatment of principle and secondary homes. Prior to '98, a married couple had a one time, lifetime exemption on a primary residence. Capital gain on secondary home was at the 28% rate after 1 year, which could be deferred for a similar asset, but your cost basis remained the original investment plus improvements.

The treasury receipts took off

2. Michael O'Neill
     (11/21/2017 2:06:57 PM)
     Message ID #294064

This message is in response to Thomas C ( message id #294058 )  Back To All Messages

Cherry picking. There were some cuts, overall it was a tax increase. Much like Republicans said the middle class was getting a tax cut, then they said they were AVERAGING a tax cut. You can play with words but you can't change the data.

3. D Robb
     (11/21/2017 4:12:25 PM)
     Message ID #294065

This message is in response to Michael O'Neill ( message id #294064 )  Back To All Messages

If trump really cared about the little guys that voted for him and he promised to provide jobs for he would be pushing an infrastructure bill and the tax hikes to pay for it. Rebuilding our failing roads, bridges, rail roads, electrical grids, water systems, etc., would provide a lot of jobs and the money would go right back into the economy.
Giving more money to corporations will do nothing but raise stock prices and enrich shareholders.

4. Michael O'Neill
     (11/21/2017 2:19:50 PM)
     Message ID #294067

This message is in response to D Robb ( message id #294065 )  Back To All Messages

I've said before, I gave him the benefit of the doubt. Maybe I thought, as the most brilliant businessman on the planet he might have some innovative economic ideas, but it's pretty obvious to all he brings nothing to the table that the average proprietor of a Motel 6 couldn't bring. And he's a leader with no followers. Would any Fortune 500 company dare put this business wizard at the helm?

5. Thomas C CEOExpressSelect Member
     (11/21/2017 2:36:58 PM)
     Message ID #294076

This message is in response to Michael O'Neill ( message id #294064 )  Back To All Messages


I'm guessing you missed the boat. Spoken as a true Keynesian.

As percentage of GNP, Capital gains jumped from 3.33% to 6.5%, after the Clinton Tax cut. Look it up.

The income tax increase change the top rate 2 pts. That's it?

Yup, that's it!

Changing the Capital Gains on real estate starting the ball rolling to the financial crises of '07
  1-5 of 5