Sunday, July 3, 2016

The Very Rich Trump Works Out a Tax Break for the Very Rich

   If you have not yet been persuaded not to vote for Donald Trump, look no further than his tax plan. Various organizations have estimated it would cost $9.5 to $12 trillion across 10 years.
   That's a whopping lot of money. It's a tremendous increase to an already sky-high national deficit.
   And, who would get the tax cuts Trump is planning? Maybe everybody, but mostly, the rich. Yes, the bottom 20 percent of earners would see an average decrease of $128. But, the top 20 percent would see a cut averaging $25,000. And, the richer the rich, the greater the tax break. The cut for the top 1 percent would be $275,000. And, the top 1/10th of 1 percent would save an average of $1.3 million.
   So, a very rich man like Donald Trump runs for president, and works out a tax plan that would benefit the very rich people like himself?
   And, we vote for him?

http://www.npr.org/2015/12/22/460743371/analysis-trump-tax-plan-boosts-the-rich-could-be-a-drag-on-the-economy

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