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His tax plan is like a pornographic love letter to himself

April 26, 2017

When Republicans were trying to pass health care reform earlier this year, you got the feeling Trump just wasn't into it. In fact, that's kind of the way he's approached his presidency in general — like his mom signed him up for violin lessons without asking him.  

 

But it sort of makes sense. Why would Trump care about health care reform? He can pay out of pocket for whatever hospital bills come along, and when his rapidly enlarging heart is finally indistinguishable in any way from a giant rotating slab of spiced gyro meat, he'll just tell Reince to Google "how is Dick Cheney still alive?" and the cavalry will be on its way.

 

Indeed, there's a reason his presidency has resembled a Tijuana donkey show with 80 one-star Yelp reviews. He doesn't care about the details. He's not really engaged. 

 

But now — taxes! Fuck yeah! That affects him personally!

 

Back in September 2015, when his presidency still seemed unthinkable, Trump said this about his tax reform plan: “It reduces or eliminates most of the deductions and loopholes available to special interests and to the very rich. In other words, it’s going to cost me a fortune — which is actually true.”

 

Ha ha. No.

 

When he made the statement, based on his proto-scam of a tax plan, Washington Post fact-checker Glenn Kessler gave Trump one of the candidate's many Four Pinocchio ratings

 

Now the Trump administration has released an outline of his tax reform proposal. Based on the very few details currently available, it's clear that Trump will reap huge rewards.

 

For one thing, his proposal would lower the top marginal rate from 39.6 percent to 35 percent. Only taxpayers who earn in the mid six figures or above pay the top marginal rate. That's a win for Trump.

 

Also, the proposal eliminates the alternative minimum tax. We've seen very few pages of Trump's tax returns, but what we have seen shows the alternative minimum tax personally cost Trump $31 million in 2005. Another big win for Trump.

 

Finally — and this is the scam of all scams — if Trump's proposal becomes law, much of his income would be taxed at 15 percent (the new, lower corporate rate) instead of the much higher rate that individual taxpayers pay. (This has to do with pass-through income earned by S corporations and other entities, which is taxed at individual rates, and ... HEY, LOOK! WE JUST DROPPED A GIANT BOMB WITH A COOL NICKNAME ON A BUNCH OF FUCKING MUSLIMS!) That's a huge, huge win for Trump.

 

So if this is what Trump meant when he said we're going to get tired of all the winning, you can count that as one of the few promises he actually intends to keep.

 

                                                                                   Photo by smileycreek / CC BY

 

 

 

 

 

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