Trump Flunks Basic Taxation Knowledge
Posted by taxguru on September 17, 2015
As I have pointed out for decades, the progressive tax rate structure that punishes (and thus discourages)success in this country has always been a plank in Karl Marx’s Communist Manifesto
Plank 2. A heavy progressive or graduated income tax.
For Donald Trump to not know that fact and in fact, defend this punitive tax rate structure, is unconscionable for someone who claims to be the country’s most powerful and knowledgeable capitalist.
Trump explains to GOP rivals that taxing rich is not socialism
Trump’s claim that because we have had graduated tax rates in this country for a long time automatically means that it isn’t socialistic is ridiculous. Ben Carson most definitely wins this portion of the debate by calling out the socialist nature of graduated (aka progressive) tax rates.
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