The New Exchange » Trump Proposes Middle Class Tax Cut,,,,

Goose · 7/31/2018 2:37 pm

NOT!
Just kidding.

The Trump administration’s latest proposed tax cut would be a huge windfall for the richest 1 percent

The Trump administration is considering a plan that would cut federal taxes on investment income, a change that independent analysts say would overwhelmingly benefit the wealthiest Americans.

An analysis earlier this year by the Wharton School found the proposed cut would reduce tax revenue by more than $100 billion over 10 years.

86.1 percent of the tax cut, or more than $80 billion would go to those with adjusted annual gross incomes of more than $1.48 million.

https://www.washingtonpost.com/business/2018/07/31/trumps-proposed-capital-gains-tax-cut-could-put-tens-billions-dollars-pockets-percent/?utm_term=.fe91b6dc0723

Rongone · 7/31/2018 3:35 pm

“An analysis earlier this year by the Wharton School found the proposed cut would reduce tax revenue by more than $100 billion over 10 years.“

Wait a minute . . . An analysis by the Wharton School ? ! ? !

Isn’t that the grad school that our stable genius president graduated from with honors ?
Does the UPenn Wharton School of business know who they’re dealing with here? Next thing you know Betsy DeVoid . . . . Errrr, I mean DeVos will have the school discredited and reassigned as Trump University, and Rudy Giuliani (lead attorney for the law firm of Fugg & Nutz) will charge them with some unknown crime of deception.

tennyson · 7/31/2018 5:04 pm

And the Rubes cheer ! LOL.

ZaynJeferson · 8/16/2022 9:43 am

Great thread! If there some news?

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7/31/2018 2:37 pm #1

Trump Proposes Middle Class Tax Cut,,,,

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