Trump will lower corporate tax to 15% from 35% !

no, earnings (and cap gains) should be tax free and taxed the first time on the dividend at a much higher rate than the current rate

 

very interesting... seriously... I want to know more.

this would encourage investment by the company and stock buy backs right?
but would there still be enough incentive for investment in new ventures?

for instance if I were starting a small company I would pick LLC and just pay out partnership type profits and income... not dividends.... so if the venture grew when would I want to pay out dividends or go public?

 

yeah, and the other way is to inflate the dollar.

 

I knew I was on to something.

 

No they don't. Name one business that isn't a Fortune 500 shill.

You know like everyone else corporations run American politics and Obama is just another corporate stooge like bush was

How is trumps plan recessionary ? Cutting taxes and regulation is recessionary ? Explain that for us please.

 

dividends would be taxed at the same rate as ordinary income. And that would be about it. All returns would be 1040 with a very high and progressive rate, no deductions, not even mortgage or charitable. Cap gains are not taxed at all, let alone over and over again like they are now. Little guys have their pensions in the market and they need a break.

 

wait I thought you said earnings would be tax free. you were not talking about individuals earnings?

you want high and progressive personal income taxes? why?

 

without getting in the weeds, wages, interest and dividends would be taxed as ordinary income and that is about it. And taxes on those wages, interest and dividends, would be the governments only source of revenue, hence the need for high progressive rates. The fallout would be most companies would simply eliminate the dividend. Keep in mind there is no cap gains tax. Salaries would quickly hit the point of diminishing returns due to the high progressive tax rates and the only way to get ahead would be to invest in something or start a business. All accounts would be similar to a Roth(which there would be no need for now) with no max but the companies in the Roth are operating tax free. Reg IRA and 401k would still be available on a limited basis with a low max.

Times they are a changin and the end result would be a slow shift from an employee nation to an ownership society. And everything you own operates tax free.