Trump, the presumptive Republican nominee for president, has called for abolishing the special tax treatment that applies to "carried interest," the share of investment funds' profits that are paid to fund managers. Currently, carried interest is treated as capital-gains income, which makes it eligible for a tax rate as low as 23.8 percent -- much lower than the current top individual income tax rate of 39.6 percent.
But the plan published on Trump's website would also create an entirely new tax rate -- just 15 percent -- for individuals who get income from business partnerships. That category includes most managers at hedge funds, private-equity funds and venture capital funds.
In other words, if Trump's proposals came to pass, many investment managers' tax rates would go from 23.8 percent to 15 percent." - Zerohedge.
Got it yet? Whatever Trump says, you can rely on him to do the opposite. This is not speculation but based on his appointments.
Here is one of the murderers explaining: "He'd be doing me a favor," said Scott Fearon, the president of Crown Capital Management, a hedge fund and investment fund in Greenbrae, California. "He'd be cutting my taxes quite a bit."
The top hedge fund managers last year made over a billion dollars by using insider information and volume trading. These men would save millions (as would Trump himself) with his switch and bait promises.
Those who support him know he is lying but justify lying to get power to then "do some good." This is a logic worthy of Hitler, whose speeches and principles of propaganda Trump has studied ("A Jew gave it to me." That is yet another lie as the person who gave it to him was NOT a Jew, but it sounds better the way Trump lied about it).
The expectation of a globalist oligarch, with businesses in 22 nations and loans from Russia, China, and Goldman Sachs, can dismantle the oligarchy is pure, and I use the word in the philosophical sense, bullshit!
Wrong! Bullshit is when you repeat a fallacy or false claim or just confuse with overlapping contradictions.
What Trump does is lying, as the liar always knows the truth. Defending Trump in any way is a defense of lying and a betrayal of truth. It ain't even bullshit, because it is a bald-faced lie.
Fascism has come to America with the war hawks and Wall St tycoons, oligarchs, and billionaires in charge.
Those who defend fascism are either "useful idiots (or morons, as Trump calls hem) or fascists who approve.
(Article changed on November 30, 2016 at 08:55)
(Article changed on November 30, 2016 at 08:58)
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