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March 8th, 2016 | #1 |
Senior Member
Join Date: Nov 2013
Location: France
Posts: 5,779
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Which Presidential Candidate Has the Best Tax Plan?
“Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure.” — Mark & Jo Ann Skousen, “Persuasion vs. Force.”
Taxes have been on the rise under President Barack Obama’s administration since 2008, with higher rates on income and capital gains. When the government takes more money in the form of taxes, it leaves less money for private individuals to pursue their own best interests, or the interests of non-government organizations. Will this trend reverse itself with a new president? Not if the next president is Hillary Clinton or Bernie Sanders, who both want to increase taxes even further on income and capital gains. All of the Republican candidates want to cut tax rates, but several — Ted Cruz, Marco Rubio — want to create a new tax system on business known as a consumption tax or value-added tax (VAT). Both types of taxes would be bad news, in my judgment. Eventually, we would end up with both an income tax and a VAT. Donald Trump’s tax plan is a step in the right direction — cutting the maximum income tax rate to 25%, and reducing business and capital gains taxes to 15%. Remember, a tax on interest, dividends and capital gains is a tax on capital, the future of the economy. Which Presidential Candidate Has the Best Tax Plan? - Mark Skousen - Townhall Finance Conservative Columnists and Financial Commentary - Page 1 How Progressive Taxation Destroys the Capitalist Dream | EDI |
November 7th, 2016 | #2 |
Senior Member
Join Date: Mar 2007
Posts: 3,465
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Calculate how much you might owe in taxes under each presidential
candidate's tax plan (Trump and Clinton). Just plug in a couple numbers and voila... http://bit.ly/2fsByVh (From Tax Foundation)
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