Friday, October 2, 2015

Do you think Donald Trump really has a lower tax plan that will benefit all Citizens of the United States?  This article is geared towards the American public as it pertains to Trumps economical plans.  According to Donald Trump, he has a great tax plan.  Benjy Sarlin a political reporter at MSNBC is covering the republican side of the 2016 election and explains the details of Trumps plan.  

The great tax plan includes the top tax rate for individuals that would reduce the rates from 39.6% to 25% and the top corporate tax rate would be reduced from 35% to 15%.  The 3.8% surcharge on capital gains and the estate tax would be totally eliminated.  Remember estate taxes only applies to inheritances over $5.4 million dollars.  Trump has also proposed a one-time tax of 10% on corporate money stored abroad.  For the interest of the ordinary people Trump plans a new 0% income tax rate for Americans earning $25,000 individually or $50,000 as a married couple.  This change is to help with the so called marriage penalty.


Benjy Sarlin states that Trump is claiming a tax increase on wealthy individuals, but I do not believe this is the case.”  In reviewing the plan Trump will definitely benefit from these changes.  Sarlin believes he will be the biggest winner of his tax plan.  As a political reporter on the republic side I don’t think this article supports Trump in any way.  The plan details strongly deny Trump’s campaign rhetoric.  He repeatedly gloats about his willingness to raise taxes on wealthy Americans like himself.  In his speeches, he manipulates the public to believe that he will improve the economy of the United States. 

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