politics • 4 months ago

Inside Trump's brand new grift for billionaires

www.rawstory.com

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Inside Trump's brand new grift for billionaires

www.rawstory.com

@just_another_person to

politics • 4 months ago

Back in 1982, Republicans and the Reagan administration determined that they needed to raise taxes on average working people to pay for part of the massive tax break they were giving billionaires (they dropped the top income tax bracket from 74% to 28%). Reagan imposed income taxes on elderly people...

This is worth a read if you’re unfamiliar with how Trump’s “no taxes on tips” proposal has been used by organized crime, corporations and the wealthy in the past to skirt massive amounts of taxes.

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originalucifer
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fedilink
65•4 months ago
holy hell!

he wants to allow corporations and individuals to ‘tip’ anyone any amount , tax free

this is a tax avoidance scheme of the grossest kind
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  7•4 months ago
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