Tag Archives: #Ryan tax plan

TRUMP SAYS NEW TAX PLAN WON’T HELP HIM PERSONALLY

Washington, DC October 1, 2017
“This plan will not help me in any way. Bad. Bad for me personally. That is for sure. I lose, but my people win. I’m for them. Not for me. I’ve always been a giver. It’s in my make up. I can’t help it even if I wanted to. Now it is possible that my children might get some small benefit from this. After we eliminate the estate tax also called the death tax, my kids will save a little. Let’s see, I’m worth 10 billion dollars, so 40% of ten billion dollars is 4 Billion dollars minus the exemption of about 6 million, ok still about 4 billion in savings. About a billion dollars per kid or so. Those kids work hard though. You’ve never seen anything like the way these kids work. Never. But this will also help family farms and other business owners, not just my family. Also, with the AMT gone, I might save 50 or 60 million dollars a year in income tax based on last years returns. But remember I don’t always make the same amount each year so I might not save, right? As far as ballooning the deficit, no problem, I called Saudi Arabia, Germany, Japan and China and they said they would keep buying our government bonds for as long as it takes for the trickle down effect of my plan to take hold. I always say you have to spend money to make money especially if it’s other peoples money, right? The main thing is that my little people could save between $500 and $1,000 per year to shop or whatever so we all win. And most important is that I donate my $400,000 salary each year to good causes so I’m not an accountant but it all nets out one way or another, I’m sure.” ~~slater.comĀ©