A recent New York Times headline blared “Republicans Wary of Donald Trump’s Populist Tone on Taxes.”
On the one hand, this development is hilarious because he’s slamming a huge wedge into the Republican Party. On the other hand, oddly enough some (though not all!) of these tax proposals are pretty legit, at least in theory.
He has threatened to increase taxes on the compensation of hedge fund managers. And he has vowed to change laws that allow American companies to benefit from cheaper tax rates by using mergers to base their operations outside the United States.
[…]
“The one problem I have with the flat tax is that rich people are paying the same as people that are making very little money,” Mr. Trump said. “And I think there should be a graduation of some kind.”
Implementing his “ideas” is of course another matter, and he would undoubtedly do that wrong if he were actually to become president.
Previously on AFD on this topic:
– Op-Ed (for The Globalist) | Pfizer: Tax havens or bust!
– Treasury Dept acts to discourage tax avoidance mergers
– Are Trump’s bankruptcies worse than other business law manipulations?
