in

Trump’s Tax Plan Benefits Wall Street and Reduces Tax Revenue by $6.2 Trillion

Donald Trump’s tax plan would reduce federal tax revenue by $6.2 trillion and provide benefits to Wall Street despite closing the “carried interest” tax loophole, according to a new report. The report, undertaken by a nonpartisan tax research group called Tax Policy Center, found that nearly 75% of the tax revenue deduction would come from lower business taxes.

The ultra-wealthy, the top 0.1% of earners, would have their taxes reduced by as much as $1 million.

Hillary Clinton’s plan would raise the federal tax revenue by $1.4 trillion over a 10-year period, with higher taxes imposed on the wealthy. A surcharge of 4% would be imposed on people that earn over $5 million.

Trump had proposed a top income rate of 33%, but his plan would allow private equity partnerships and hedge funds to have a special income tax rate of 15%, depending on the size of the company.

The group asserts that while Trump’s plan does remove the carried interest rate, Wall Street will benefit even more thanks to the proposed 15% tax rate, which is a much better deal. Trump’s plan doesn’t define “large investment fund managers,” which he has proposed would receive a 20% dividend tax. The dividend tax would eliminate all additional benefits provided to “large” hedge funds.

Written by Andrew

32 Comments

Leave a Reply
  1. you are in point of fact a excellent webmaster. The site loading velocity is incredible.
    It sort of feels that you’re doing any distinctive trick.
    Also, The contents are masterpiece. you’ve performed a wonderful job
    on this subject!

  2. Henry suggested a 3-pronged make a proposal to, which consisted of an verbal immuno-booster, an additional immune procedure catalyst to be delivered not later than intra-muscular injection, and a current treatment to accumulate infection to a minimum. At the beat George was also receiving semi-monthly treatments of Repossession EQ for dive issues, which Henry had prescribed some months before. I expressed my concerns nearly compounding these treatments, and Henry in olden days again took the time to carefully excuse the how’s & why’s of each treatment, and what their particular relationships with each other would entail. In cut off, Henry “wrote the ticket” on how he soup‡on would recover. He was adamant that we not at worst pursue with the Improvement, but boost waxing the doses diet over with the next 3-4 weeks.

  3. ivermectin lice dose ivermectin tablets has helped me in many ways onto the good old days 30 years. As a remedy for norm, components prescriptions in blister packs, giving news on medications and entrancing measurements representing occupational remedy aids like compression stockings (Anna and Lyle) and compounding medications when needed. Employment doctor’s offices for refills when allowed and deciphering instructions and doctor’s writing. They contain also been great at portion with Individual Authorizations in compensation certain medications. I really value being masterful to name the cane to promote clarification on medications and demand for admonition on drugs or from the chip products. If they do not be struck by a spin-off or medication needed they force symmetry it in in search me. One love I very appreciated is the staff is up to date and cognizant with medications and possibility choices. They do not whack at to power you into buying any particular product. Another feeling I like take Cloverdale Pharmasave is the requital program because purchasing items in the store. I find the prices competitive and the purchasing are complimentary with a wide disparity of products.
    Incredible quite a lot of great tips.

Leave a Reply

Your email address will not be published.

Obama Slams Trump at Rally in Greensboro, NC

Donald Trump Admits to Paying No Federal Income Tax for Years