YOU WILL BE SHOCKED TO FIND OUT THAT THE PROPOSED TAX CUT
BY DONALD TRUMP WILL BENEFIT DONALD TRUMP AND HIS FAMILY.
FIRST OF ALL YOU HAVE THE ESTATE TAX, WHAT THEY LIKE TO CALL THE
DEATH TAX, BECAUSE THEY WANT TO FOOL YOU INTO THINKING IT IS
SOMETHING THAT IT MIGHT AFFECT YOU INSTEAD OF JUST THE AMERICAN
ARISTOCRACY.
AS OF RIGHT NOW WITH THE ESTATE TAX, PRE BEING
CANCELED --
>>THAT'S ONLY SLIGHTLY HIGHER, 1% MORE, THAN THE TOP MARGINAL
TAX BRACKET --
>>DONALD TRUMP CLAIMS TO BE WORTH $10 MILLION, WHICH IMPLIES
THERE WOULD BE QUITE A BIT OF MONEY TAKEN AWAY IF THEY HAD THE
ESTATE TAX.
IF THEY COULD GET RID OF IT, THEORETICALLY IF YOU
TRUST HIM ON HIS NET WORTH, IVANKA AND ERIC AND DONALD
JUNIOR WILL SAVE BILLIONS OF DOLLARS IN TAX CUTS.
THAT'S CONVENIENT.
>>WE TALK ABOUT HOW HE'S INCREASING THE RATES AT
MAR-A-LAGO, CALLING AT THE WINTER WHITE HOUSE, HAVING THE
STATE DEPARTMENT DO PRESS RELEASES FOR IT, IVANKA IS
SELLING MORE SHOES, MORE MONEY FOR THEIR HOTELS, PERSONAL
ENRICHMENT, ETC.
-- THAT IS PEANUTS COMPARED TO IF THEY GET
RID OF THE ESTATE TAX, IVANKA, JARED KUSHNER, THE OTHER
KNUCKLEHEAD SONS, WILL SAVE ALL THIS MONEY.
I WONDER WHY HE RAN
FOR PRESIDENT?
>>AND HIS CABINET IS THE WEALTHIEST CABINET IN AMERICAN
HISTORY, ALL THESE PEOPLE WILL BE LIKELY TO BE AFFECTED BY THE
ESTATE TAX AND THESE OTHERS WE WILL BREAKDOWN.
LET'S MOVE TO
THE ALTERNATIVE MINIMAL TAX, AS WE MENTIONED EARLIER IT'S A TAX
SET UP SO THAT IF YOU ARE ABLE, WITH YOUR HIGH-PRICED
ACCOUNTANTS, TO GET RID OF YOUR TAX BURDEN, YOU STILL HAVE TO
PAY SOMETHING.
IT'S AN ALTERNATIVE TO THE TAX YOU
LEGALLY SHOULD BE PAYING OTHERWISE.
HE WANTS TO GET RID
OF THAT TOO.
HOW WOULD THAT AFFECT DONALD TRUMP?
WE DON'T
KNOW FOR SURE, BECAUSE HE IS BREAKING PRECEDENT AND NOT
RELEASING HIS TAX RETURNS, BUT
--
>>THAT IS A PERFECT CASE STUDY OF HOW HE WOULD HAVE BENEFITED,
AND WILL BENEFIT WHEN HE GETS RID OF THE AMT UNDER HIS
PLAN NOW.
>>HE MAKES IT SOUND LIKE THIS IS FOR JOBS.
NO, AGAIN, TENS OF
MILLIONS OF DOLLARS DIRECTLY IN DONALD TRUMP'S POCKET.
A NICE
LITTLE SIDE EFFECT OF RUNNING FOR PRESIDENT IS THEY GET THE
POWER, BUT IT TURNS OUT NORTH KOREA IS MORE COMPLICATED THAN
HE REALIZED, NO ONE KNEW.
HEALTHCARE IS MORE COMPLICATED
THAN HE REALIZED, NO ONE KNEW.
HE DIDN'T WANT ANY PART OF THAT
JOB, MNUCHIN, TREASURY SECRETARY, TOLD THE PRESS IN
RELEASING THIS, THIS WAS ONE ISSUE THAT DONALD TRUMP WAS VERY
INVOLVED IN.
OF COURSE.
KOREAN HISTORY, A PAIN IN THE ASS, WHAT
DO I CARE IF A BUNCH OF SOUTH KOREANS DIE WHEN WE LAUNCH THE
BOMBS?
WAIT A MINUTE, THE ALTERNATIVE MINIMAL TAX, GET RID
OF IT SO MY TAXES WILL GO DOWN TO LESS THAN 5% IN THE YEAR LIKE
2005.
OF COURSE HE LOVES THAT.
THE ESTATE TAX, AT THAT POINT
DONALD TRUMP IS DEAD.
HIS KIDS CARE A LOT ABOUT IT, I'M SURE HE
WANTS TO PASS ON MORE MONEY TO HIS KIDS, HE CARES ABOUT IT,
IT'S A BIGGER AMOUNT.
BUT THIS AFFECTS DONALD TRUMP TODAY.
BUT THE NEXT ONE AFFECTS HIM MORE.
>>THE CORPORATE THING?
YEAH, AND OVERALL, IN TERMS OF HOW THIS IS
THE PERFECT TOPIC FOR HIM, AND IS IT WEIRD THAT HIS INTERESTS
ALIGNED SO MUCH WITH REPUBLICANS -- THERE WERE PEOPLE WHO ARE
SAYING LET DONALD TRUMP BECOME PRESIDENT BECAUSE REPUBLICANS
WON'T WORK WITH HIM, THEY HATE HIM SO MUCH.
THAT WAS RIDICULOUS
IN GENERAL, BUT THERE ARE A COUPLE ISSUES THEY SEEM TO
DISAGREE WITH HIM ON -- THEY COULD PASS THIS TODAY IF THEY
WANTED TO.
HOW COULD YOU THINK REPUBLICANS WOULD GO AGAINST HIM
ON HIS INSANE TAX POLICY?
THE IDEA THAT IT WAS SAFER TO HAVE
DONALD TRUMP IN OFFICE, THAT WAS LAUGHABLE THEN, WE ARE THE
LAUGHINGSTOCKS RIGHT NOW AS THEY PROPOSE TO PASS THIS TAX PLAN.
BUT THIS CORPORATE TAX RATE, TAKING IT FROM 35% TO 15,
INTERESTINGLY IT DOESN'T JUST AFFECT THE MASSIVE CORPORATIONS
YOU THINK OF WHEN USING OF EXXON AND WALMART AND THINGS LIKE
THAT.
THERE ARE OTHER SORTS OF CORPORATIONS CALLED PASS-THROUGH
CORPORATIONS.
THAT BASICALLY IS WHERE YOU HAVE AN INDIVIDUAL
PAYING AN INDIVIDUAL INCOME RATE TAX AS THE HEAD OF A
CORPORATION.
THEY DON'T PAY CORPORATE TAXES, THEY PAY
INDIVIDUAL TAXES.
INTERESTINGLY, DONALD TRUMP'S ORGANIZATION IS A
COLLECTION OF THOSE PASS-THROUGH CORPORATIONS, AND UNDER HIS NEW
PLAN, HE WOULD BE ABLE TO PAY THAT NEW, LOWER 15%.
NOT JUST
FOR HIS INCOME, BUT FOR ALL THE INCOME OF ALL OF THOSE
PASS-THROUGH CORPORATIONS.
WHICH MEANS THAT HE WOULD NOT BE
PAYING THAT NEW HIGHER TAX BRACKET OF, WHAT IS IT, 30%?
HE
WOULD BE PAYING 15% ON EVERY DOLLAR HE MAKES.
EVERY DOLLAR EVERY DOLLAR IVANKA AND JARED AND ALL OF THEM MAKE.
>>DOES IT APPLY TO SMALL BUSINESSES?
YES. IS THERE
ANYTHING WRONG WITH A PASS-THROUGH CORPORATION?
NO.
BUT WE SHOULD HAVE TAX RATES FOR THOSE CORPORATIONS.
WHY DO THEY
GET TO PAY 15%, AND PEOPLE WHO MAKE LESS WILL PAY A LOT MORE?
THAT DOES MAKE SENSE.
AND BOY, WHAT A LUCKY BREAK FOR TRUMP.
IT
TURNS OUT ALL THE TROUBLE ORGANIZATIONS ARE PASS-THROUGH
BUSINESSES.
THE HIGHER RATES ARE TOTALLY AND UTTERLY IRRELEVANT
TO HIM.
THIS CUTS HIS TAXES DOWN TO 15%, THAT'S IT.
>>IT IS ENTIRELY POSSIBLE THAT IN THE VERY NEAR FUTURE -- THERE
WERE EXAMPLES OF THIS IN THE PAST -- THAT MAIDS THAT A TRUMP
HOTEL COULD BE PAYING HIGHER RATES IN THEIR TAXES THAN
THE GUY WHO OWNS THE HOTEL.
>>OF COURSE, AND TRUMP WILL THINK, I'M A SMART PERSON, I
TRICKED YOU INTO VOTING FOR ME AND NOW YOU SCHMUCKS ARE STUCK
WITH THE BILL.
YOU THOUGHT I WAS GOING TO MAKE AMERICA GREAT?
I'M MAKING MY POCKETBOOK GREAT.
>>AND IN THE BACKGROUND THEY SAY WE ARE TRYING TO AVOID
LOOPHOLES, STOP THE FRAUD -- WE'VE HAD EXPERIMENTS IN THIS
AREA --
>>EVENTUALLY BY 2014
COSTING ALMOST HALF A BILLION DOLLARS, AND IT'S ONE OF THE
REASONS THAT KANSAS IS IN THE BAD FINANCIAL TERRITORY THEY ARE
NOW, BECAUSE OF INSANE POLICIES LIKE THIS THEY CHOSE TO PURSUE.
>>AND THE TOP RATE OF THE INCOME TAX THEY ARE BRINGING
DOWN FROM TO 35, IN REALITY THAT DOESN'T MATTER, THAT'S WHY THEY
DIDN'T BRING IT DOWN THAT MUCH.
TRUMP IS LIKE, IT DOESN'T AFFECT
ME AT ALL, I'M GOING TO PAY 50% BECAUSE OF THIS PASS-THROUGH
STUFF.
IT'S A GIANT ROBBERY, IT REMINDS ME OF THE BEGINNING OF
PULP FICTION -- THIS IS A ROBBERY!
EVERYBODY BE COOL.
AND
TRUMP IS THE TOP BANDIT.
JOHN IS RIGHT, MOST EVERYONE IN HIS
CABINET WILL BENEFIT FROM EVERY ONE OF THESE PROVISIONS,
COLLECTIVELY THEY WILL SAVE BILLIONS.
ON THE PASS-THROUGH
TAX ALONE, TENS OF MILLIONS, EVEN AT A MINIMUM, EVEN IF TRUMP
ISN'T ANYWHERE NEAR AS RICH AS HE SAYS HE IS, HE STILL WILL
SAVE TENS OF MILLIONS A YEAR.
THAT COULD HAVE GONE TO YOUR
KIDS' EDUCATION, HOUSING, HOSPITALS, SCHOOLS, BRIDGES,
ROADS -- IT COULD HAVE GONE FOR HEALTHCARE, IT COULD HAVE GONE
FOR SAVING YOUR LIFE, BUT IT WILL JUST GO INTO TRUMP AND
MNUCHIN'S AND GARY COHEN'S POCKETS, AND THEY WILL LAUGH AT
YOU.
WE GOT THE POOREST PEOPLE IN THE COUNTRY -- BY THE WAY,
PEOPLE WITH LESS EDUCATION BOARD FOR TRUMP MORE THAN PEOPLE WITH
HIGHER EDUCATION, AND PEOPLE WITH LESS EDUCATION MAKE MORE
MONEY.
WE GOT THE PEOPLE WHO MAKE THE LEAST AMOUNT OF MONEY
IN THE COUNTRY TO VOTE FOR THE RICHEST PEOPLE TO GET EVEN
RICHER.
IDIOTS.
HA-HA, WE ROBBED YOU.
THAT'S WHAT THEY ARE SAYING
TODAY AS THEY CELEBRATE THIS TAX PACKAGE.
IF YOU ARE WAITING FOR
YOUR TAX CUTS, KEEP ON WAITING.
THEY AIN'T COMING.
THEY ARE
GOING TO TAKE TRILLIONS OF DOLLARS FROM THE GOVERNMENT AND
PUT IT RIGHT INTO THEIR POCKET, AND ONCE THEY DO, FOR EVERY YEAR
THEY TOOK THOSE TRILLIONS OF DOLLARS, YOU NEVER GET IT BACK.
EVEN IF SOMEONE GREAT COMES INTO OFFICE LATER AND THEY WANT TO DO
THINGS LIKE, HEY, LET'S GIVE EVERYONE A CHANCE AT THE
AMERICAN DREAM, YOUR KIDS CAN GO TO COLLEGE FOR FREE AND YOU CAN
BE RICH TOO, THEY WILL SAY, SORRY.
>>OR MEDICARE FOR ALL.
>>WE RAN OUT OF MONEY BECAUSE WE GAVE TRILLIONS TO THE RICH WHILE
TRUMP WAS IN CHARGE.
THIS TAX CUT, A DISASTER, ONE OF THE
GREATEST AMERICAN ROBBERIES YOU WILL EVER SEE IN YOUR LIFE, AND
PERSONALLY BENEFITS TRUMP TO THE TUNE OF AT MINIMUM TENS OF
MILLIONS OF DOLLARS, BUT IF HE'S ANYWHERE NEAR RIGHT ABOUT HIS
REAL WEALTH, BILLIONS OF DOLLARS IN HIS POCKET.
HE'S LAUGHING ALL
THE WAY TO THE BANK, AND THE GUY HE'S LAUGHING AT, IF YOU VOTED
FOR HIM, IS YOU.
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