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Interestingly, the 14.25% tax rate is not new. Donald Trump proposed in his 2000 presidential bid. At the time, 14.25% one -time wealth tax on personal wealth w
by devy 11y ago
Interestingly, the 14.25% tax rate is not new. Donald Trump proposed in his 2000 presidential bid. At the time, 14.25% one -time wealth tax on personal wealth with $10MM or more would collect $5.7 trillion, which wipe the ENTIRE U.S. debt.
http://www.ontheissues.org/Celeb/Donald_Trump_Tax_Reform.htm http://www.ontheissues.org/Celeb/Donald_Trump_Tax_Reform.htm
- jessaustin 11y ago"One-time" taxes feel a bit like theft, though, don't they? The follow-on effects wouldn't be pretty either, after the billionaires realize how foolish it is to keep their money in USA accounts.
- driverdan 11y agoA flat tax was proposed long before Trump.
- dragonwriter 11y ago> Interestingly, the 14.25% tax rate is not new. Paul proposes a 14.5% rate, so, even if novelty or lack thereof was relevant, I'm not sure what the relevance of the novelty of a 14.25% rate would be. > 14.25% one -time wealth tax on personal wealth Yeah, not only is 14.25% different from 14.5%, but a one-time wealth tax is different than an income tax. So, again, what's the relevance?