Politics Full List of Hillary’s Planned Tax Hikes

Discussion in 'The Howard Stern Show' started by HowieHasBeen, Jul 28, 2016.

  1. HowieHasBeen

    HowieHasBeen VIP Extreme Gold

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    Posted by John Kartch on Thursday, July 28th, 2016, 2:56 PM

    Hillary Clinton has made clear she intends to dramatically raise taxes on the American people if elected. She has proposed an income tax increase, a business tax increase, a death tax increase, a capital gains tax increase, a tax on stock trading, and an Exit Tax, and more (see below). Her planned net tax increase on the American people is at least $1 trillion over ten years, based on her campaign’s own figures.



    Hillary has endorsed many tax increases on that would hit middle income Americans, despite her pledge not to raise taxes on any American making less than $250,000. She has said she would be fine with a payroll tax hike on all Americans, she has endorsed a steep soda tax, endorsed a 25% national gun tax, and most recently, her campaign manager John Podesta said she would be open to a carbon tax. It’s no wonder she said her $250,000 tax pledge was merely a “goal.”

    Hillary’s $1 trillion net tax increase takes the form of several proposals:

    Income Tax Increase – $350 Billion: Clinton has proposed a $350 billion income tax hike in the form of a 28 percent cap on itemized deductions.

    Business Tax Increase -- $275 Billion: Clinton has called for a tax hike of at least $275 billion through undefined business tax reform. According to the Clinton campaign document, “Hillary will fully pay for these [Infrastructure] investments through business tax reform.”

    “Fairness” Tax Increase -- $400 Billion: According to her published plan, Clinton has called for a tax increase of “between $400 and $500 billion” by “restoring basic fairness to our tax code.” These proposals include a “fair share surcharge,” the taxing of carried interest capital gains as ordinary income, and a hike in the Death Tax.

    But there are even more Clinton tax hike proposals not included in the tally above. Her campaign has failed to release specific details for many of her proposals. The true Clinton net tax hike figure is likely much, much higher than $1 trillion.

    For instance:

    Capital Gains Tax Increase -- Clinton has proposed an increase in the capital gains tax to counter the “tyranny of today’s earnings report.” Her plan calls for an overly complex, byzantine capital gains tax regime with six brackets for those whose total taxable income puts them in the top 39.6 percent bracket. Her campaign has not said how much this will increase taxes.

    Tax on Stock Trading -- Clinton has proposed a new, unquantified tax on stock trading. The tax increase would only further burden markets by discouraging trading and investment. Inevitably, costs associated with this new tax will be borne by millions of American families that hold 401(k)s, IRAs and other savings accounts.

    “Exit Tax” – Rather than reduce the extremely high, uncompetitive corporate tax rate, Clinton has proposed a series of measures aimed at inversions including an “exit tax” – on income earned overseas. The term “exit tax” is used by the campaign itself. This proposal would completely fail to address the underlying causes behind inversions. Her campaign document describing this proposal says it will raise $80 billion in tax revenue, but claims some of the $80 billion will be plowed into tax relief. It does not specify a dollar amount.

    ATR is tracking Clinton’s tax record at its dedicated website, HighTaxHillary.com

    http://www.atr.org/full-list-hillary-s-planned-tax-hikes
     
  2. pdx1138

    pdx1138 Well-Known Member

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    If I'm not mistaken Bill raised taxes on everyone.
     
  3. yaddc

    yaddc Well-Known Member

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    Sit back play dumb and enioy the ride.
     
  4. Gitfiddle

    Gitfiddle Live Deliciously

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    You didn't make that money.
     
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  5. freds

    freds you broke it VIP

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    good.

    pay your increased taxes and stop whining. America Is Already Great.
     
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  6. 1Vegasgirl

    1Vegasgirl Well-Known Member VIP Gold

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    I love when democrats use words like "fairness", "investing", and "restoring basic fairness to the tax code". Wow, so many pretty words for "redistribution."
     
  7. 1Vegasgirl

    1Vegasgirl Well-Known Member VIP Gold

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    Maybe she can make the whole Country a subsidiary of the Clinton Foundation. :jj:
     
  8. Danas Boyfrien

    Danas Boyfrien Trump's African American Gold

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    I just got my quarterly bonus and I netted 56% of it. Hillary can suck my dick.
     
  9. Tickle Shits

    Tickle Shits Special Needs Typist. Gold

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    Most people already pay their fair share. People have a problem with the way it's being squandered.
     
  10. Keyless Chuck

    Keyless Chuck Barely a VIP

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    What a fucking joke
     
  11. HowieHasBeen

    HowieHasBeen VIP Extreme Gold

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    I pay more in taxes then your welfare and food stamps combined. Shut up and get a job.
     
  12. Coke Can Baby

    Coke Can Baby Don't be a skunk Gold

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    Thing about redistribution is it is not going to the poor as the dems need them poor to keep that vote it is going to the elites
     
  13. HowieHasBeen

    HowieHasBeen VIP Extreme Gold

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    If they think they can get away with it!
     
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  14. Santori

    Santori Piece of Shit Gold

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    Don't see any tax change on hedge fund trading being taxed as income instead of capital gains. That would piss off the hedge fund managers who finance the shitty movies in Hollywood which in turn would piss off her Hollywood friends.
     
  15. scoobyla

    scoobyla Well-Known Member

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    why do we need an article writer to tell us what she said, as opposed to just what she said.

    also, paul ryan will decide what the tax rates will be.
    not clinton or trump




    if the Rs are really for lower taxes, wheres the lower tax legislation, dont they control the legislature :dontknow:
     
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  16. Santori

    Santori Piece of Shit Gold

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    Paul Ryan sucks.
     
  17. Tickle Shits

    Tickle Shits Special Needs Typist. Gold

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    Who's gonna pay for all of those voters... tax and spend... tax and spend...


    The goodfellas tax plan...
    and when there's nothing left... you bust the join out. you light a match...


     
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  18. Danas Boyfrien

    Danas Boyfrien Trump's African American Gold

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    Why don't you democrats want black single parents who are veterans like me to be able to afford to own a home, contribute to my retirement and save comfortably? Instead you want me to pay even more. You democrats are obviously racist and don't want blacks like me to be in the middle or upper class.
     
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  19. 1Vegasgirl

    1Vegasgirl Well-Known Member VIP Gold

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    Hope Paul Nehlen beats him in the Wisconsin primary next month.
     
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  20. Santori

    Santori Piece of Shit Gold

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    I see what you did there :watchingyou:
     
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