Where Do The Presidential Candidates Stand On Taxes?

[MachineGhost]

Tax on Ordinary Income

Secretary Hillary Clinton - No specific proposal

Sen. Bernie Sanders - Apply Social Security payroll taxes to earnings over $250,000

Gov. Jeb Bush - Set top tax rate of 28% and bottom tax rate of 10%

Dr. Ben Carson - Phase in over time a flat 10% to 15% tax rate

Gov. Chris Christie - Lower tax brackets to 8% to 28%; eliminate itemized deductions except for mortgage interest and charitable donations; eliminate payroll taxes for workers under 25 and over 62

Sen. Ted Cruz - Unspecified flat tax

Gov. John Kasich - Top tax rate of 28%

Sen. Rand Paul - Flat tax of 14.5% with standard deduction of $15,000 per filer; eliminate payroll taxes and deductions except for mortgage interest and charitable donations.

Sen. Marco Rubio - Two brackets of 15% and 35%; the higher bracket is $75,000 for singles and $150,000 for couples; eliminate itemized deductions except for mortgage interest and charitable donations

Donald Trump - Top tax rate of 25% and bottom tax rate of 10%; no tax on individuals earning less than $25,000 or on families earning less than $50,000

Tax on Capital Gains/Dividends

Clinton - Capital gains on short-term investments would be taxed at rates of 24% to 43.4%; capital gains on long-term investments would be 24%

Sanders - Capital gains tax on wealthiest 2% would be doubled

Bush - Top rate of 20%

Carson - No specific proposal

Christie - No specific proposal

Cruz - No specific proposal

Kasich - Capital gains tax rate of 15%

Paul - A 14.5% flat tax on capital gains and dividends

Rubio - Taxes on capital gains and dividends would be eliminated

Trump - For single filers (numbers in parentheses are for married filers), the rates are 0% for up to $50,000 ($100,000) in income, 15% for up to $150,000 ($300,000) in income and 20% for income above $150,000 ($300,000)

Other

Clinton - Establish high-frequency trading tax for hedge funds that engage in this type of computerized trading

Sanders - Increase tax rates on estates over $10 million, while lowering the exclusion to $3.5 million from $5.43 million

Bush - Corporate tax rate of 20%

Christie - Lower top corporate tax rate to 25%

Cruz - Eliminate estate tax

Kasich - Eliminate estate tax

Paul - Set flat corporate tax rate of 14.5% on income and labor payments

Rubio - Lower corporate tax rate to 25% and eliminate estate tax

Trump - Set corporate tax rate of 15% and eliminate estate tax

[Fred]

Sanders has also proposed raising the payroll tax to finance paid family and medical leave. I guess he finally figured out that "the rich" don't actually have enough money to pay for every thing he envisions in his socialist paradise. At least he's being honest about it but I wonder how well that will play among the voters.

[Reub]

Is this where they stand or where they think that they can garner the most votes?

[dualstow]

I think Sanders also mentioned a specific tax on "wall street speculation."

[MachineGhost]

Rubio seems to be a better Bush than Bush.  Let's call him Bush Jr.

Of course, getting this kind of stuff past the Democrats in Congress would be no mean feat unless they takeover both houses.  That's not usually in the cards.  Last time that did happen under Bush II, nothing got done anyway.  Country Club Republicans relish their power too much.

[Pointedstick]

Rubio seems to be a better Bush than Bush.  Let's call him Bush Jr.

Of course, getting this kind of stuff past the Democrats in Congress would be no mean feat unless they takeover both houses.  That's not usually in the cards.  Last time that did happen under Bush II, nothing got done anyway.  Country Club Republicans relish their power too much.

They, uh, did take over both houses.

[img width=250]https://upload.wikimedia.org/wikipedia/ ... te.svg.png[/img] [img width=250]https://upload.wikimedia.org/wikipedia/ ... 15.svg.png[/img]

That said, it is indeed quite possible that nothing gets done. Everyone likes to talk a big talk, but most seem to chicken once when they actually have the power to do something about it. The Democrats mostly did that when they had full control of congress in the recent past.

[Libertarian666]

Rubio seems to be a better Bush than Bush.  Let's call him Bush Jr.

Of course, getting this kind of stuff past the Democrats in Congress would be no mean feat unless they takeover both houses.  That's not usually in the cards.  Last time that did happen under Bush II, nothing got done anyway.  Country Club Republicans relish their power too much.

They, uh, did take over both houses.

[img width=250]https://upload.wikimedia.org/wikipedia/ ... te.svg.png[/img] [img width=250]https://upload.wikimedia.org/wikipedia/ ... 15.svg.png[/img]

That said, it is indeed quite possible that nothing gets done. Everyone likes to talk a big talk, but most seem to chicken once when they actually have the power to do something about it. The Democrats mostly did that when they had full control of congress in the recent past.

Except for Obamacare and FATCA, both of which are disasters.

[Pointedstick]

Except for Obamacare and FATCA, both of which are disasters.

FATCA was quite a bipartisan vote in the senate, believe it or not.

[Libertarian666]

Except for Obamacare and FATCA, both of which are disasters.

FATCA was quite a bipartisan vote in the senate, believe it or not.

Ugh.

[MachineGhost]

They, uh, did take over both houses.

I misspoke.  I meant taking over both houses along with a Republican President.  That happened under Bush II, correct?  All we got out of it was another NeoCon war, an unfunded expansion in Medicare and restrictions on stem cell research.  Granted, I am thankful to Bush II for offering Part C Advantage plans which offers a bit more useful fringe benefits than Original Medicare, but I would prefer a real free market solution, not a hack on top of a rottening foundation.

[MachineGhost]

Except for Obamacare and FATCA, both of which are disasters.

FATCA was quite a bipartisan vote in the senate, believe it or not.

Ugh.

Lawyers and attorneys are economic ignoramuses.  They really do believe in the deepest fiber of their being that passing scribbles on paper will dictate human behavior.  That is all they know.

Put it in a little perspective though.  As the world's reserve currency. the world's policeman and the world's largest tax haven, confidence in the USD and its deep financial markets are everything and one way to shore up the ship is to improve tax collections so we don't turn into a cultural Greece where tax evasion is like deciding which side of the bread to butter.  FATCA is part of the price to pay for have such Roman stability.

Besides, offshore privacy has long been dead anyway.  Cryptocurrencies are the future.