What are your thoughts on Trump's tax plan?

It will help productive people in society. not the niggers sitting on the coach popping out babies eating cheetos i paid for

My tax bracket is going up from 10% to 12%

I'm pretty pissed off.

>trickle down

You should get a higher deductible though. So it should be cheaper for you by default.

This article details some of the proposed aspects that Trump wishes to change. It details changes in bracket tax percentages, changes to business tax rates, changes in deduction inclusion, the proposed plan's impact on debt (and how that will have impacts on growth, in the long run). It also makes comparisons to the differences between the environments of the Reagan era tax reforms, as compared to this era we now live in (shit-low interest rates, huge amounts of government):

investing.com/analysis/the-trump-tax-plan--details--analysis-200215803

This is another excellent (by the same author):
investing.com/analysis/bull-trap-the-false-promise-of-tax-cuts-200217127

some excerpts:
'As you can see, corporate taxes are less than 10% of the total taxes collected by the Government.
But more importantly, it is the promise of cutting the corporate tax rate from 35% to 20% that has gotten the financial markets all excited.
There’s just one problem. Roughly 80% of all corporations already pay rates far lower than 20% and any reduction in deductions for corporations will actually lead to higher taxes being paid. As shown below, 90% of all corporations currently have a tax rate below 10%.'

'This was also an observation made by Dr. John Hussman this week:
“I’ll add that another feature of Wall Street’s blissful delusion is the notion that ‘U.S. corporate taxes are the highest in the world.’ It’s striking how disingenuous this claim is. The fact is that among all OECD countries, the U.S. is also the only country that does not levy any tax at all on corporate value-added in the production of goods and services.” '

The big boys who are pumping the stock market, whenever tax reform is mentioned are doing it mainly for the Reparation (they stand to benefit the most)

Another excerpt from the second article:

'Yes, corporate tax cuts will immediately drop to the bottom lines of corporate income statements. When that earnings boost is combined with any repatriated dollars to buy back shares, there will be an earnings expansion for the first year. (You didn’t REALLY think they would use repatriated dollars to expand production and hire workers did you?)
Importantly, while there is a boost to bottom line earnings, there was NO increase in top-line revenues.'

>Reparation
*Repatriation
Also, bush already did something similar, and it pretty much went to shareholder distributions.

Higher deductible is a bit misleading because they're also removing the personal exemptions. So assuming that user is single with no children he'll go from $6350 and a personal exemption of $4050 equaling $10400 to a standard deduction of $12600, which is still a $2200 increase but not as big as promised earlier.

Now for those currently in the 10% marginal tax bracket they make a maximum of $19725(upper limit of bracket + standard deduction + personal exemption) and would pay $933 in taxes. Under Trump's plan the standard deduction would reduce the $19725 to $7125 and tax on that would be $855, saving him money, note that this will be true for every single filer without kids who was previously 10% tax bracket, it'll be even better for those previously in the 15% tax bracket. Who it hurts is people with children, which I'm perfectly fine with because we already subsidize their life choices more than enough with shit like EIC and all the welfare.

Taxes ??

TO THE MOOOOOOOOOOON ¨!!

I'm a big supporter of helping out small business growth, and I like his ideas of changing rates people pay through forming an actual small business. But this corporate tax reform stuff is a way overblown, in terms of how the financial markets think it'll turn the US into some fucking Utopia.

>huge amounts of government
*government debt

>actually removing corporate deductions
kek, not happening

Anyone else think he'd look like more of a badass if he shaved his head and grew a beard?