Trump will lower corporate tax to 15% from 35% !

M

marsman

Trump will lower corporate tax to 15% from 35% !
http://www.thepoliticalinsider.com/...-bold-income-tax-proposal-this-is-a-big-deal/

And also the personal income tax will be much reduced:

"[...]And after the changes are made, every American will end up paying lower taxes.
Called the “1-5-10-15” income tax plan–this will likely form the basis of his presidential campaign.
Tax proposals consist of the following:
  • Those making up to $30,000 will pay 1 percent.
  • Income from $30,000 to $100,000 results in a flat 5 percent.
  • $100,000 to $1 million income will be taxed at 10 percent.
  • On $1 million or above will be taxed 15 percent.
"
That's IMO very good news for traders!
 
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Big deal! None of those tax proposals will come to fruition especially if he wants to "bolster military" which already is $600B, per year, and is 1/4th of the Federal budget, if balanced. They can't afford to raise interest rates, let alone, significantly lower taxes. I'm certain of 2 things: Death and Taxes and I don't like either!lol
 
d08 said:
Why would anyone lie when running a political campaign? :sneaky:
More...
Good point. I guess it then comes down to just how outrageously someone is willing to lie, and what that says about those who swallow it whole. A voter litmus test, as it were.
 
The power establishment already cut their deals with Hillary, the turf is carved up....Trump has no chance. What the voters might think is irrelevant. That said, tax reform is greatly needed but no chance of that either, count on higher taxes and more regulation.
 
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