Tax Policy

Donald Trump is the definition of a great American success. He is very, very rich and is a billionaire" He makes the best deals, you better believe it! He knows the economy better than anyone" Donald Trump"s tax policy will Make America Great Again! Socialism is NOT Ethical and NOT American Values of FREEDOM and LIBERTY Bernie"s Plan: My opponent is pushing the tax plan of Vermont Senator Bernie Sanders. Bernie Sanders is a socialist (democratic) and desires a socialist tax policy. There is a reason people from communist Cuba fled to become refugees in America. When was the last time Americans fled to a communist country? Young people today do not understand the horrors of communism. If millennials were more intelligent" they would support Trump. The track record of leftist economic policy: Russia, China, Vietnam, North Korea, Cuba, Venezuela, and many others speaks for itself. Socialism is a failed ideology that has brought unbelievable poverty and suffering throughout history" SAD! They say "The way to HELL is paved with good intentions." Let"s look at this from a moral standpoint. Bernie wants to place astronomical tax burdens on the "evil" top 1%. I will now give some statistics on this misunderstood group. The top 1% contribute more than their fair share of taxes. Even the liberal CNBC says: "According to a projection from the nonpartisan Tax Policy Center, the top 1 percent of Americans will pay 45.7 percent of the individual income taxes in 2014"up from 43 percent in 2013 and 40 percent in 2012 (the oldest period available)"(1). Also "The bottom 60 percent are expected to pay less than 2 percent of federal income taxes"(1). Let me repeat this important information; the top 1% pay almost HALF of all income taxes" while the bottom 60% of all Americans pay less than a tiny 2% of all taxes. 1 out of 100 Americans pay so much taxes, believe me. This shows that the "evil" 1% is supporting everyone else. This is 2014 data but my guess is the top 1% pay a greater share of income than back then. Under a socialist tax plan the top 1% might end up paying 90% of ALL taxes, NOT FAIR! Let"s look at something very important: philanthropy. I"m not talking about the Clinton Foundation" I am talking about REAL charitable giving. Here is another statistic: "Households with more than $1 million in income donated more than $150 billion to charity last year, roughly half of all US charitable donations. Greedy? It hardly seems so"(2). Also what kind of careers do the rich pursue? "Roughly a third were entrepreneurs or managers of nonfinancial businesses. Nearly 16 percent were doctors or other medical professionals"(2). Many wealthy Americans work as doctors, dentists or surgeons where they SAVE lives. Many others are entrepreneurs who create JOBS and bring innovation. Furthermore, "roughly 80 percent of millionaires in America are the first generation of their family to be rich. They didn"t inherit their wealth; they earned it"(2). These are the FACTS and they prove that the rich are hard working, contribute greatly to society, create jobs, pay a high amount of taxes and donate generously to philanthropic causes. Trump"s Plan: Fair tax rates which will allow job creators to keep some money for themselves. Bernie Sanders does NOT understand basic economics. Donald Trump was the smartest student at the top business school in the world. He earned a degree in Economics" did Bernie? High Corporate Taxes Weaken Economic Growth: My opponent supports our current corporate tax rate of 35% which is among the highest in the world. This tax rate destroys economic growth and makes American companies unable to compete with international corporations, SAD! This unfair difference in tax rates force companies to move to other nations. This costs us tax revenue and sends our jobs overseas" destroying potential jobs in America. Our Unreasonable Corporate Tax Rate Hurts Small Businesses Estate Tax MUST be Repealed: In The Communist Manifesto Karl Marx argues for the "abolition of all rights of inheritance" as one of the main principles of communism. He also wanted "abolition of property in land and application of all rents of land to public purposes." Marx would have been a fan of the estate tax because it brings America dangerously close to the failed ideology of communism. Bernie Sanders wants a top estate tax rate of 65%. This means that if you become rich, the government is going to wait until you die and then steal almost two thirds of your wealth. Would you rather have most of your wealth go to your children" or the government? The estate tax makes the government entitled to the money of the wealthy. For instance in one of the debates CROOKED Hillary Clinton said this about Trump: "If you believe that he"s as wealthy as he says," she said, killing the tax "would save the Trump family $4 billion. " "Just think about what we could do with those $4 billion."(3). My opponent, like Clinton feels the government should be entitled to the money of the rich" this is communism, believe me. Additionally, the estate tax allows the government to tax money twice. When someone earns money they pay income tax or capital gains/investment/property tax. After they die they get taxed again. It is unfair to tax people twice especially when Bernie"s plan taxes them so heavily the first time. Imagine being taxed 50% on all the money you earn and then being taxed 60% after your death; the vast majority of your hard earned wealth would go to the government. This government enforced theft should be seen as a moral outrage. One reason many Americans work hard is so their children can never have to worry about living in poverty. Sometimes people want to become wealthy so they can give their children a financial advantage in life. It is perfectly acceptable for people to work hard for this reason. Bernie"s high estate tax destroys much of this incentive, SAD! Sources: [1] https://www.cnbc.com... [2] https://www.cato.org... [3]https://www.usatoday.com...)