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Thread: Trump Proposes Massive One-Time Tax On Rich

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    The Republican Agenda HadEnough2's Avatar
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    Trump Proposes Massive One-Time Tax On Rich

    Got your attention.......Okay, this was from 1999. Wonder how he feels about it today?

    Sounds a lot like a Democratic Plan.

    NEW YORK (CNN) -- Billionaire businessman Donald Trump has a plan to pay off the national debt, grant a middle class a tax cut, and keep Social Security afloat: tax rich people like himself.

    Trump, a prospective candidate for the Reform Party presidential nomination, is proposing a one-time "net worth tax" on individuals and trusts worth $10 million or more.

    By Trump's calculations, his proposed 14.25 percent levy on such net worth would raise $5.7 trillion and wipe out the debt in one full swoop.
    Trump proposes massive one-time tax on the rich - November 9, 1999

    "By my calculations, 1 percent of Americans, who control 90 percent of the wealth in this country, would be affected by my plan," Trump said.

    "The other 99 percent of the people would get deep reductions in their federal income taxes," he said
    .
    Last edited by HadEnough2; 1st September 2015 at 02:36 PM.

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    See sig file BDBoop's Avatar
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    Oh, I like it!

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    Veteran Member HenryPorter's Avatar
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    Quote Originally Posted by HadEnough2 View Post
    Got your attention.......Okay, this was from 1999. Wonder how he feels about it today?

    Sounds a lot like a Democratic Plan.



    Trump proposes massive one-time tax on the rich - November 9, 1999

    .
    He's still thinking the rich could pay more and, get this, he supports a tax cut for the middle class.

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    Thought Provocateur NightSwimmer's Avatar
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    Quote Originally Posted by HenryPorter View Post
    He's still thinking the rich could pay more and, get this, he supports a tax cut for the middle class.

    That's nice, but supporting one and getting one are two different things.

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    Veteran Member TNVolunteer73's Avatar
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    No tax is one time.

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    "Mr. Original". the watchman's Avatar
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    friggn Trump is ruining the clown show. Usually, they takes turns.

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    Veteran Member bajisima's Avatar
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    He already has come out and briefly touched on what he will do. Grover Norquist will not be pleased.

    http://www.nytimes.com/2015/09/01/us...axes.html?_r=1

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    Veteran Member bajisima's Avatar
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    Interesting that just this morning, Trump is fighting with the very conservative Club for Growth over his tax plans..

    Donald Trump 2016: Club for Growth slammed on Twitter

  9. #9
    Veteran Member Devil505's Avatar
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    Quote Originally Posted by HenryPorter View Post
    He's still thinking the rich could pay more and, get this, he supports a tax cut for the middle class.
    Except for worries about his hair trigger on foreign policy, he'd be the most acceptable of all the GOP candidates to the most voters.

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    Veteran Member GordonGecko's Avatar
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    Hannity asked him....yesterday on his radio show...about that comment.


    Trump dodged, bobbed, weaved, and finally tried "I'll simplify the tax code to encourage investment"....but he never actually opposed the idea of raising taxes on the rich.

    Fortunately for him, hatred of immigrants trumps (pun intended) all else with his supporters in the GOP.

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