Donald Trump

[♪alt13]

Hmm, not being a politician I've never thought about it too much, so just spitballing a bit here.

Firstly: It's my understanding that a tax capturing 20-25% of national GDP(16.77 trillion 2015) would pretty much cover any budget(3.69 trillion 2015) our current government could come up with. Is that essentially right? It would be great to get ourselves at least close to balanced.

Longterm I would like to see the US tax system move towards a sales tax based system, obviously it couldn't all be implemented at once, but I do think it could be phased in in place of income tax.

Benefits I see to a sales tax based system:
A) Less bureaucracy - from the IRS and in terms of everyone having to file all that junk every year
B) maybe a bit harder to find loopholes through (big one obviously being buying overseas)
C) seems fairly easy to tax different items different amounts (food vs yachts)

So perhaps a marginalized* sales tax based around 20%(completely based off earlier GDP guess) would be my favored approach? (items like food are left out or taxed lightly, while more luxury items are taxed more heavily)

*marginalized - I think this only really applies to income taxes, but I couldn't think of a better word for what I was describing, does it still make sense?

I'm down but want a more progressive sales tax. Every adult American citizen should get a monthly sales tax rebate check that is equal to twice the sales tax of the single poverty line. The poverty line for 2015 for a single person was $11,670, double that and you get 23,340. let's say the tax was 30%. Every citizen would get a rebate check for $583.50 that would cover the sales tax up to double the poverty line. Anything they spend beyond that would be government revenue.

So if the Sales tax was 30%. For me it would mean that I would get a check for $583.50 as would my wife totaling $1,167. So everything that we spent under $46,680 would be effectively tax free and everything we spent above that would be taxed at 30%.

The only people that would need to file anything would be businesses. Everyone else just has to cash their check and shop like they normally do.

 

[BabyPeterzz]

It's hilarious watching conservatives come to terms with reality, in that Trump will be representing them in the general election. Where most were calling him insane and stating there was no way he would get the nomination, now they say things like this:

They can ask until they are blue in the face but he will keep on controlling the conversation and giving them only what he wants to give them. He is extremely good at taking control.

Ha! he controls nothing, he deflects and manipulates. Maybe he controls conservative minds with this garbage, but for those of us on the left this **** is hilarious. Are conservatives really moved by this? You actually respect this type of coercion? This is why your party is ****ing mess. You're priorities are so far out of wack you give respect to fascists who use hate and fear to control you. Pathetic.

 

[RandyForRubio]

It's hilarious watching conservatives come to terms with reality, in that Trump will be representing them in the general election. Where most were calling him insane and stating there was no way he would get the nomination, now they say things like this:



Ha! he controls nothing, he deflects and manipulates. Maybe he controls conservative minds with this garbage, but for those of us on the left this **** is hilarious. Are conservatives really moved by this? You actually respect this type of coercion? This is why your party is ****ing mess. You're priorities are so far out of wack you give respect to fascists who use hate and fear to control you. Pathetic.

Right now the top candidates for both sides are Trump, Hillary, and #Bern.

Neither side should be feeling too smart.

 

[Eminence]

I'm down but want a more progressive sales tax. Every adult American citizen should get a monthly sales tax rebate check that is equal to twice the sales tax of the single poverty line. The poverty line for 2015 for a single person was $11,670, double that and you get 23,340. let's say the tax was 30%. Every citizen would get a rebate check for $583.50 that would cover the sales tax up to double the poverty line. Anything they spend beyond that would be government revenue.

So if the Sales tax was 30%. For me it would mean that I would get a check for $583.50 as would my wife totaling $1,167. So everything that we spent under $46,680 would be effectively tax free and everything we spent above that would be taxed at 30%.

The only people that would need to file anything would be businesses. Everyone else just has to cash their check and shop like they normally do.

I think I like it. I was kind of trying to address that with different tax rates on different items, but a higher flat tax rate with rebates covering the lower class might be a better idea overall(certainly much simpler).

 

[Joe Bagadonuts]

It's hilarious watching conservatives come to terms with reality, in that Trump will be representing them in the general election. Where most were calling him insane and stating there was no way he would get the nomination, now they say things like this:



Ha! he controls nothing, he deflects and manipulates. Maybe he controls conservative minds with this garbage, but for those of us on the left this **** is hilarious. Are conservatives really moved by this? You actually respect this type of coercion? This is why your party is ****ing mess. You're priorities are so far out of wack you give respect to fascists who use hate and fear to control you. Pathetic.

You are completely misunderstanding. I wish I could vote for Kasich, and I would have preferred Romney, but Trump is going to be the nominee. The decision will be made long before I have any say in the matter.

You obviously think that Bernie or Hillary can succeed against him, but I believe they are going to get steamrolled. I guess we'll know the answer to this soon enough.

 

[♪alt13]

I think I like it. I was kind of trying to address that with different tax rates on different items, but a higher flat tax rate with rebates covering the lower class might be a better idea overall(certainly much simpler).

I think a capital gains tax would still be necessary but I think that some version of the "fair tax" could replace income tax.

 

[franklin]

It's hilarious watching conservatives come to terms with reality, in that Trump will be representing them in the general election. Where most were calling him insane and stating there was no way he would get the nomination, now they say things like this:



Ha! he controls nothing, he deflects and manipulates. Maybe he controls conservative minds with this garbage, but for those of us on the left this **** is hilarious. Are conservatives really moved by this? You actually respect this type of coercion? This is why your party is ****ing mess. You're priorities are so far out of wack you give respect to fascists who use hate and fear to control you. Pathetic.

Don't be so sure. Think more poly sci. I guarantee Trump's corner has done their homework and are fighting for a specific slice of the pie that includes plenty of independent moderates and moderate democrats. They might not be calculating as well as they hope, but their populist, anti-DC campaign is definitely targeting a specific audience.

 

[franklin]

I'm down but want a more progressive sales tax. Every adult American citizen should get a monthly sales tax rebate check that is equal to twice the sales tax of the single poverty line. The poverty line for 2015 for a single person was $11,670, double that and you get 23,340. let's say the tax was 30%. Every citizen would get a rebate check for $583.50 that would cover the sales tax up to double the poverty line. Anything they spend beyond that would be government revenue.

So if the Sales tax was 30%. For me it would mean that I would get a check for $583.50 as would my wife totaling $1,167. So everything that we spent under $46,680 would be effectively tax free and everything we spent above that would be taxed at 30%.

The only people that would need to file anything would be businesses. Everyone else just has to cash their check and shop like they normally do.

That's a cool idea. I don't know what to think about it but I like to see proposed solutions much more than complaints.

 

[Eminence]

I think a capital gains tax would still be necessary but I think that some version of the "fair tax" could replace income tax.

Lol, shows how much I know about taxes. Hadn't heard the term "fair tax" before, looked it up, and yep, that's essentially what I was trying to explain. Oh well.

Could you explain for me what an additional capital gains tax would provide on top of a fair tax system? I'm sure there's something, just not thinking of it right now.

 

[RandyForRubio]

I think a capital gains tax would still be necessary but I think that some version of the "fair tax" could replace income tax.

What exactly do you mean when you say "fair tax"? Not attacking, just curious bc everybody seems to have a different answer.

 

[Joe Bagadonuts]

Lol, shows how much I know about taxes. Hadn't heard the term "fair tax" before, looked it up, and yep, that's essentially what I was trying to explain. Oh well.

Could you explain for me what an additional capital gains tax would provide on top of a fair tax system? I'm sure there's something, just not thinking of it right now.

More money.

 

[Eminence]

What exactly do you mean when you say "fair tax"? Not attacking, just curious bc everybody seems to have a different answer.

I've got you https://en.wikipedia.org/wiki/FairTax. I had never heard of it 'til just now either. (At least I think that's what was referenced, if not whoops!)