Platinum Contributing Member Highmark Posted October 26, 2016 Platinum Contributing Member Share Posted October 26, 2016 (edited) You cannot simply take a static look at plans. Adjustments must be made based of past impacts of tax policies. Tax cuts or increases have always had an effect on jobs and growth. http://taxfoundation.org/blog/comparison-presidential-tax-plans-and-their-economic-effects Mr. Trump’s tax plan would substantially lower individual income taxes and the corporate income tax and eliminate a number of complex features in the current tax code. Mr. Trump’s plan would cut taxes by $11.98 trillion over the next decade on a static basis. However, the plan would end up reducing tax revenues by $10.14 trillion over the next decade when accounting for economic growth from increases in the supply of labor and capital. The plan would also result in increased outlays due to higher interest on the debt, creating a ten-year deficit somewhat larger than the estimates above. According to the Tax Foundation’s Taxes and Growth Model, the plan would significantly reduce marginal tax rates and the cost of capital, which would lead to an 11 percent higher GDP over the long term provided that the tax cut could be appropriately financed. The plan would also lead to a 29 percent larger capital stock, 6.5 percent higher wages, and 5.3 million more full-time equivalent jobs. The plan would cut taxes and lead to higher after-tax incomes for taxpayers at all levels of income. Edited October 26, 2016 by Highmark Quote Link to comment Share on other sites More sharing options...
Momorider Posted October 26, 2016 Share Posted October 26, 2016 Those revenue estimates are massive BS Quote Link to comment Share on other sites More sharing options...
Mainecat Posted October 26, 2016 Share Posted October 26, 2016 Keep buffing your turd Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted October 26, 2016 Share Posted October 26, 2016 2 hours ago, Mainecat said: Keep buffing your turd keep pretending your tax bill wont go through the roof. will your wife even have the money to let u die after hills 65%death tax Quote Link to comment Share on other sites More sharing options...
spin_dry Posted October 26, 2016 Share Posted October 26, 2016 Quote Link to comment Share on other sites More sharing options...
Momorider Posted October 26, 2016 Share Posted October 26, 2016 12 minutes ago, spin_dry said: AFJclownFuck code for don't understand a word Quote Link to comment Share on other sites More sharing options...
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