Trump’s Tax Plan Explained | Soshal Network, Social Circle Connection

Trump’s Tax Plan Explained

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The U.S.A. will pay very much for choosing Republican politicians. Cenk Uygur and also John Iadarola, hosts of The Young Turks, discuss. Inform us what you assume in the comment section listed below.

" Lower organisation taxes.

During the campaign, Trump vowed to lower taxes on business.

Now, the United States business tax rate is 35%, among the globe's highest possible (several companies pay far less). He wants to reduce that to 15%. Another kind of organisation – known as a pass-through entity because profits "go through" to the proprietors and get taxed as personal revenue – would certainly get that very same rate. (Real estate companies – consisting of President Trump's – are usually organised by doing this.).

That business rate would be below Britain's (regarding 20%) and Hong Kong's (16.5%), yet not as reduced as Ireland's (12.5%), inning accordance with a ranking by the KPMG audit company. China's business tax obligation rate is 20%, however some firms as well as markets there deal with a 15% rate." *.

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Hosts: Cenk Uygur, John IadarolaCast: Cenk Uygur, John Iadarola.

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70 comments

  1. Posted by Colin, at Reply

    Beat the trolls!

    • Posted by Mark, at Reply

      le pen, she is for increased welfare, only lowing taxes on the lowest 3 bands, ending tax evasion, lowering retirement age, 35 hour work week…nothing like trump, she just hates immigrants

    • Posted by John Bliss, at Reply

      Yes but Le Pen is in France, a more socialized nation. She’s a conservative equivalent to American Republicans from the 40s to the 70s.

    • Posted by Nicholai Waldman, at Reply

      I love how you trolls are never capable of making a substantive argument or writing anything that doesn’t resemble a pre-teen tantrum. This is the first time I’ve actually responded to one of you but given your name, I have to wonder if you’re aware at all at how utterly pathetic you look writing antagonistic comments on a channel you supposedly hate, which actually increases tyt viewership and helps them. I wonder what kind of person you are in real life, some fat guy with a growing bald spot who’s never been kissed by a woman outside their family. Or are you some pissed off teenager just doing this for kicks? Seriously, take a moment to sit back and review whatever it is that makes your life so laughable that you feel compelled to troll.

    • Posted by Carlos Lee, at Reply

      Nicholai Waldman you’re just as bad dude. Your reply isn’t valid to the actual talking points its full of emotion and zingers. No doubt you can make someone feel bad but your just aiming the same place the trolls are.

  2. Posted by Kevin Montrond, at Reply

    This new tax plan along with the 50 billion extra towards War is sure to cripple america. But Atleast rich people can buy their 3rd yacht.

    • Posted by Vineeth Philip, at Reply

      I thought it was the 7th yacht

  3. Posted by Colonel 100, at Reply

    if i let a rich man choose how much rich people should pay for taxes, how much do you think he will pay?

    • Posted by DrgnFlys, at Reply

      I see John Black joined in 2017, paid for shill anyone?
      Also, retrokitty states she is Canadian, a person who has socialized healthcare is supporting an American billionaire trust funder who’s undercutting the very infrastructure of this country, what a hooker. I can only guess these two are a couple of paid for shills, who else would propagate such lies and misinformation?

    • Posted by Florian Rompre, at Reply

      Colonel 100 Is

  4. Posted by rouge1ful, at Reply

    we all know how this will end big corporations will make out like gangbusters in tax breaks, and small business might get something in tax brakes, might but probably not.

    • Posted by Antman4656, at Reply

      rouge1ful No it ends with America being a third world country and the global rich using America’s slave Labor to make more money.

    • Posted by Marcel Robinson, at Reply

      +Antman4656 They don’t need Americans for slave labor, when they have people in South East Asian willing to do it for almost dirt cheap, with 1000s lining up to do it.

    • Posted by Darkside Media, at Reply

      +rouge1ful I’m talking about the total budget. I don’t care about Discretionary vs mandatory it all needs to be cut and spent better. Only in your socialist (communist) fantasy that entitlements are mandatory. So what I said is not wrong out of the total budget only 15% goes to defense and about 60% is used for entitlements.

    • Posted by rouge1ful, at Reply

      +Darkside Media then you clearly aren’t getting it. They are 2 different categories with 2 completely budget spending. Mandatory spending is clearly the fixed rate on what they have to spend like Medicare and Social Security those are government spending programs which is a different ballpark.

      Discretionary spending they still have a fixed budget but you can change what department gets how much of the money and the military take up over have of it and Trump wants to increase it by 6% meaning all of those departments which are used in our day-to-day lives I mentioned and others I didn’t (just Google them) are getting cut basically everything that has to do with science, Education, the arts, programs that feed the poor, or give grants to kids to go to college and many others are gone or being defunded. It’s a waste of money.

    • Posted by Darkside Media, at Reply

      +rouge1ful I understand the difference between the two. And as far as I’m concerned it’s all far game. The money on education is being wasted in Gender, ethnic studies and other worthless “education” departments, that are by design cranking out people indoctrinated into Marxist doctrine. The arts are the same thing. If your art was actually worth something people would pay for it. Have you seen contemporary art? It’s not art! It’s worthless trash that the government should not be paying for it. And are they “programs that feed the poor” or programs to keep them poor and dependent? And “grants to kids to go to college” see my first point. I would have less of a problem with grants if it was put to better use. Not being given to a bunch of people who will waste in on worthless degrees and end up working at Starbucks.

  5. Posted by eliw 6965, at Reply

    Less taxes = big wall, big military, and infrastructure. #Trumplogic

    • Posted by LCarlTBM x, at Reply

      How do you plan on paying for all that with less revenue?

    • Posted by BiG Al, at Reply

      Jessman9000 I hate to say this but recently Ted Cruz has created a brilliant idea to budget the wall.

    • Posted by Rhatul Hasan, at Reply

      Voodoo economics.

  6. Posted by Brandon Jackson, at Reply

    How is this “anti establishment” ???? All these Trump supporters keep saying that Trump is anti establishment and he keeps proposing tax cuts for corporations and the rich. An even bigger question is how can someone believe that a billionaire is anti establishment. A billionaire is establishment by definition.

    • Posted by Gundars Abolinsh, at Reply

      Who do You call “the rich”? Small businessman with 5 employees? At least your candidate Sanderss small buisinessman considers the rich. I live in Latvia and we have so big taxes that buisiness are practically impossible in this country. We need Trump-like politicians to save this country. Cause small taxes means that buisinesses can grow and that means more jobs and that means economic growth.

    • Posted by William Blake, at Reply

      For me rich is 10 million plus in wealth (total assets) hence why we need estate taxes (called death taxes by right wingnuts), your mileage may vary.

    • Posted by Vienna Waits4U, at Reply

      +Brandon Jackson – TYT is lying. Trumps tax cuts are going to have a massive effect on everyone across the board, with nearly every individual from lower income to high income individuals having their federal income taxes slashed from 35-39 percent, all the way down to 15%. That’s just a fact that TYT isn’t being honest about.

      Of coarse the top 1% are going to have the sharpest decrease in taxable income because, they pay the highest percentage in federal income taxes at 39%. The top 1% actually pays nearly half of the nations federal income tax. So any tax cut is going to disproportionately benefit the top 1%, because they pay the most in federal taxes.

      By omitting that piece of information, TYT is simply pandering to their idiot “Hate Rich People” fan base by characterizing Trumps tax plan as being only beneficial to the top 1%. That’s simply NOT TRUE. Under Trumps new tax plan, a majority of lower to middle income earners are going to see a sharp decrease in their income taxes, going from 35% all the way down to 15%. With some people paying 10%, and a few others paying 25%. But, most people both rich, middle and lower income earners are going to be paying 15%. That’s a fact.

  7. Posted by FatLazyPuertoRican99, at Reply

    America voted for its own destruction

    • Posted by Inner Machinations, at Reply

      trump is the best [unintelligible].

    • Posted by left leaning libertarian, at Reply

      who really like America that much anyway.

  8. Posted by Pallas AnitaSarkeesian, at Reply

    Trump has gone back on every decent promise that he has made and has failed on implementing the draconian ones. Mexico won’t be paying for the wall, people can still come here from the countries that Israel and Saudi Arabia doesn’t like, Obama Care is still in place and so on. He is both a scumbag and a failure as a human being and president.

    • Posted by Mal Mal, at Reply

      Problem is the republicans, dems and speaker of the house Ryan. They all need to go in order for Trump to get more done with congress. They are horrible. They dont do anything.

    • Posted by Olaf GoldenHammer, at Reply

      Mal Mal Congress is only going to pass things if majority can agree on what is being proposed. That’s how it should work and how it does work. If Trump wants to get anything passed, he has to stop catering to only one side. Getting things through congress and senate requires compromise. Which so far he’s only been doing with the extreme right and ignoring moderate republicans and democrats. The Democrats and moderate Republicans have both said what they’d like to see changed in order to get their vote. Yet Trump doesn’t listen, and then after wonders why they didn’t vote for it. It’s incompetence on Trump’s part.

    • Posted by John Black, at Reply

      More evidence Jake has 6 accounts, and is just a fascist troll.

    • Posted by partymariner, at Reply

      Pallas AnitaSarkeesian Seems like those 59 Tomahawks were symbolically aimed at his own mostly working class ” base”…or the American people as a whole!

  9. Posted by Donstevec, at Reply

    Trump is finally unveiling his plan to bankrupt our country.

    • Posted by Jimmy Topdog, at Reply

      the british have appropriated billion as =10^9 and trillion as=10^12, one trillion=10^15 is now obsolete , according to the oxford dictionary, though perhaps you were being whimsical?

    • Posted by Lee, at Reply

      Timothy Thomas You have to be talking about the liberals right? If not then your in denial man, look at how both sides are acting and then tell me who is behaving like real Americans. I’ll tell you right now, the people wearing the masks rioting in the streets because they never got their way.

    • Posted by TheDavenator7, at Reply

      Zak Chb Your share of debt is $62,500. If you only count workers your share of debt would be $160,000. Does that sound like nothing?

    • Posted by William Blake, at Reply

      Obama did not create the budget, it was congress….both dems and repubs. Your acting like obama has a blank checkbook he can use to buy what ever he wants. Stop the dis-information.

  10. Posted by JUSTMISH 2U, at Reply

    Lord Marmalade used trickery on his supporters. Are we surprised. Duh.

    • Posted by OutlawRebel117, at Reply

      And the poor fools don’t realize how screwed they are gonna get.

    • Posted by JUSTMISH 2U, at Reply

      +OutlawRebel117 Not a clue. The few that have realized won’t admit it. I’ve always been a believer in better late than never but they still try to defend the orange baboon.

    • Posted by vick3d, at Reply

      you’ll never get a large number of trump voters to regret their decision. we may start to hate trump, but people who wanted things “shaken up” instead of Hillary’ status quo got exactly what they wanted. it’s just change in a bad direction unfortunately

    • Posted by JUSTMISH 2U, at Reply

      vick3d Very bad and immensely predictable. Change isn’t what I had an issue with. Stupidity and alternative facts, I did. I don’t blame people, particularity those suffering economically for desiring change but hope and faith aren’t facts. We must vote based on knowledge as I’m sure you’d agree. Hillary wasn’t ideal for me, either, but at least she understands politics and I believe would have been a far better choice.

  11. Posted by Marco D, at Reply

    Trump’s donors just love him even more now. 💵 Hey Trumpsters, are you still winning?

    • Posted by erick villagrana, at Reply

      Marco D Yea we get to pay less taxes, so of course we r winning

    • Posted by DatNiqqa, at Reply

      erick villagrana u save 70 $ and the billionaire saves billions keep winning man.

    • Posted by CheapCosmoGeek, at Reply

      Marco D stupid

  12. Posted by Geospasmic, at Reply

    Everybody know that when huge businesses save money they use it to pay their employees more, reduce prices to consumers, and generally enrich the economy… oh wait they keep it, nevermind.

    • Posted by Barry Nichols, at Reply

      Geospasmic they move the money to Panama

    • Posted by LCarlTBM x, at Reply

      When huge business succeed CEOs get a raise not the average worker.

    • Posted by eatmorenachos, at Reply

      LTCarl, guess what—when CEOs fail they STILL get a raise and a golden parachute. They can’t lose!

    • Posted by Solarangel7, at Reply

      Or put it into the stock market

    • Posted by dumpthe chump, at Reply

      Or even when they sexually harass!

  13. Posted by Melissa K, at Reply

    aww..but conservatives thought a billionaire living in a tower with his name on it in gold in the middle of Manhattan in a penthouse made out of gold TRULY knows how the “working class” feels! and that the Wallstreet banking billionaires that rump hired in high ranking government positions are going to “look out for the little guy”..f*ckin morons I swear!! lol

    • Posted by Mal Mal, at Reply

      maybe some Trump supporters are wealthy or doing well financially…have you thought of that?

    • Posted by goodfella21f, at Reply

      No Dogma Mama doesnt mean he thought trump was credible, just didnt want a disgustingly corrupt war monger like shitlery as prez, myself included and im a liberal, no way did i want shitlery.

  14. Posted by hellcat1988, at Reply

    I wounder how long it’ll be until tramp supporters finally figure out how bad they’re screwing the country. Will it be before the deficit explodes, or as it’s happening?

    • Posted by fux yews, at Reply

      Neither. Bush still retained a significant support level before, during and long after he left the office…. Trump supports to the literal end, most likely…

    • Posted by Mal Mal, at Reply

      Trump is gaining and losing suporters like every president. Trumps base is HUGE. thats how he got elected. as long as he keeps them happy he will get re elected easily

    • Posted by Diva Artist, at Reply

      But are they only screwing the country, or the whole world? 11/9 is like, The Day The World Went NOOOOOOO!!! Immediately after Trumpanzee in Chief exploded total nationwide hate crimes! Ushered in by inauguration crowd of record size! Charged $25 million for scamming youths! Dragged into office 400 pending lawsuits! Violated multiple emolument clauses! Raped nepotism rules killed protocols! Daughter-wife self-ordained as first Fake Lady! Porn-wife self-enriched as First Landlady! Filled cabinet with billionaire vampires! Turned The Oval into Trump Global Headquarters! Hired Wall Street to Occupy White House! Proved Republican Congress TOTAL SELL-OUTS! Botched Yemen blamed his generals! Capitalized on war widow tears! Bloated up overfed military! Escalated collateral casualties! Cranked up violent fascism! Brutalized illegals and innocents! Banned Muslims sans Trump biz nations! Split US citizens across oceans! Injured world systems and The Constitution! Sucked Big Pharma Big Oil dicks! Gutted the State and basic benefits! Disemboweled public schools! Debased women deified fetal tissue! Miscarried major legislation! Failed Obamacare assassination! Threw comrades under the Trump bus! Blamed fxxk-ups on Democrats! Played AWOL played excess golf! Burned excess Air Force One fuel! Collected millions on Trump properties! Divided nation at endless rallies! Ignored cries for tax reports! Shoved bullshit down taxpayers throats! Set loose air water coal pollution! Mocked scientists killed environment! Told cringe-worthy daily lies! Alienated American allies! Glorified autocrats and Le Pen! Mocked Merkel Sanders and Warren! Unleashed subprime banksters! Empowered himself his clan his gangsters! Demonized the whole Fourth Estate! Pushed to grab The Internet! Attacked net neutrality privacy! Hijacked Twitter to twist Reality! Accused Obama of Wiretap! Smeared Hillary with alternative facts! Desecrated D.C. with filth and trash! Diminished morale destroyed FAITH! Defiled Lady Liberty and DECENCY! Dishonored 250 years DEMOCRACY! Shunned domestic intelligence! Consorted with foreign agents! Launched unilateral ILLEGAL WAR! Bombed tarmac with 59 tomahawks! Praised mega flop spinned NATO flip-flop! Undermined security US to Europe! Dropped MOAB while chocolate cake with China! Tweeted provocations to bait North Korea! Dehumanized hapless foreign civilians! Brought nuclear nightmares upon all Koreans! Assaulted the world with SHEER HUBRIS and IGNORANCE! Holding HUMANITY ransom with RECKLESS INCOMPETENCE!

      And still Trumpanzees call themselves Americans – or human beings? SERIOUSLY? Have they no common sense? Have they lost all decency? Have they no shame? Do they really hate the whole world that much and want it all nuked? Are they the ultimate terrorists in human history? Is this it?

  15. Posted by Greg Camp, at Reply

    Republican fiscal plan: Cut taxes and buy wars on the credit card.

    • Posted by Kim Jong-un, at Reply

      Greg Camp
      70% of obama jobs were temp or part time , another 10-20% were healthcare related created under the obamacare act

      pretty sure i got this info from liberal media months ago

      might want to do some research…

    • Posted by Greg Camp, at Reply

      Yes, I recommend that you do that research. You’ll find out that job creation is a characteristic of Democratic administrations in recent decades.

      Presuming, of course, that you stay away from purveyors of bullshit like Breitbart.

    • Posted by Greg Camp, at Reply

      So you’re a sexist in addition to your other faults. I’m not surprised. Yes, you claimed to have found the numbers you named in “liberal media,” but I see no reason to take your word on that subject–or on any other. And if you are genuinely laboring under the delusion that “their only solution is to create big government and tax everybody more,” I suggest that you get to know real progressivism instead of the straw men you’ve been associating with.

    • Posted by Heisenberg-SchrodingerEmc2, at Reply

      Lol perhaps the trillion dollars in UNPAID wars Bush got us into (not even including the first use of drones in Libya and Yemen), the trillions of dollars in deadweight loss and debt appropriation thanks to the housing bubble, and the fact that we had to avoid a second Great Depression by saving the too-big-to-fail banks. Obama also saved the domestic car industry and produced the longest stretch of consecutive private sector job growth in HISTORY.

      Bush caused the recession dummy, let’s stop shifting the goalposts. Obama ALSO lowered the deficit more than the last 3 GOP presidents: http://www.politifact.com/truth-o-meter/statements/2015/jan/20/barack-obama/barack-obama-claims-deficit-has-decreased-two-thir/

      #RepublicansHateFatcs

  16. Posted by caposton, at Reply

    Tax breaks for the rich never create jobs. Jobs are created through DEMAND. Demand is created through many low & middle class people having disposable income.

  17. Posted by Cangel Tibon, at Reply

    I think we should take a French approach to the ruling class.

    • Posted by Christian Dauz, at Reply

      Neither, too merciful

      Feed them to the Lions!

    • Posted by Cangel Tibon, at Reply

      No, all that plastic and silicon will upset the lion’s stomachs.

  18. Posted by Huitzilli, at Reply

    How about we stop spending so much on wars..

    • Posted by Huitzilli, at Reply

      TH3REDSP1R1T so your are OK for huge corporate tax breaks?