Under Trump's plan, taxes on corporate profits go from 35% to 15%. They should be zero (like the Bahamas), but this is a good start. Taxes on capital gains go from 23.8% to 20%. Again, it should be zero (as with New Zealand), but it is a start. Rates for all individuals are lowered to three: 10%, 25%, and 35%. The standard deduction for individuals is doubled (politically brilliant). The estate tax and the alternative minimum tax is gone. Popular deductions for charitable giving and mortgage interest are preserved. The hare-brained idea of a “border adjustment tax” is toast. All of this is wonderful, but the shining light of this plan is the dramatic reduction in taxes on corporate profits. The economics of this are based on a simple but profoundly true insight. Economic growth is the key to a good society. This is where good jobs come from. This is how technology improves. This is what gives everyone a brighter outlook on life. If you can imagine that your tomorrow will be more prosperous and flourishing than today, your life seems to be on track.-Trump’s Tax Plan Is Brilliant Politics and Even Better Economics
Sunday, April 30, 2017
The Trump Tax Plan (Big Tax Cuts)
Posted by
Nick
Tuesday, March 21, 2017
Tuesday, January 31, 2017
Tuesday, December 20, 2016
Wednesday, November 30, 2016
Friday, October 28, 2016
Thursday, October 20, 2016
Donald Trump Is Winning
Posted by
Nick
Doing battle against the forces of darkness, i.e., the Hillary campaign!
Friday, October 7, 2016
Friday, September 2, 2016
Bret Alan's Corner: Pardon My French
Posted by
Nick
If you want to make something bland seem better, say it's "French." You kiss family, but you French kiss someone you would fuck. Vanilla is synonymous with "plain," but French vanilla is exotic. Bread? No thanks. Oh, it's a French loaf? Well, maybe a little. You're toasting it? Never mind. Wait, it's French toast? Yes please! Maids are not exactly glamorous, but a French maid is a sexual fetish. Did you over roast your coffee beans to the point that they taste burnt? No you didn't, it's a French roast! And remember, I don't use vulgarity, but pardon my fucking French.
Wednesday, August 31, 2016
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