Republican Tax Plan Would Slash Corporate Taxes, Cap Some Popular Breaks

Capt Dwayne Conyers - That's how the Republican is able to keep getting supports from the ignorant.

1stSgt Nelson Kerr - I don't believe in abolishing it. The heir didn't earn the money, they were just born into it. There's a documentary of the Woolworth's heir. Aristocrat should not be allow to exist otherwise we're end up with a King. Currently, we're already being govern by a Plutocracy.

I earned it I paid taxes on it who me I want to give it to is none of anyone's business especially not the goverment . Hostility to the rich is not a valid excuse to act unethically. Penalizing people simply for thier financial status is somewhat obscene ne and racks more of jelousy than justice.

Cpl Tou Lee Yang is it a plutocracy or an oligarchy? Or izzit both?

No, we don't pay among the highest taxes. We are like 38 out of 118. I agree that corporate taxes funnel down. On the reverse of your point, slashing corporate taxes will not necessarily lower prices at all. It just means the CEOs and corporate officers can buy a bigger boat.

Again I am talking about corporate taxes not individual, so according to the Tax Foundation(Aug 2016) written and researched by Kyle Pomerlean and Emily Potosky the U.S. corporate tax rate is only exceeded by U.A.E. and Puerto Rico, the world average is 22.5%, Europe is 18.88, and if you look at their list no major economy pops up until way down the list. According to NPR analysis Aug 7, 2017 by Danielle Kurteleben; "the U.S. has the highest corporate tax rate among advanced economies"

It's actually $5.45 million or less is Federally non taxable aka "death tax". There are currently 7 states that have the "death tax", but do have some stipulations to where you don't have to pay. And yes it is very very easy for small to medium family farms to have value well over $5 million.

To make 1st SGT Kerr happy, technically the estate tax is set at around 40% there are actually 12 categories, but there is a one per life time tax exemption from the federal death tax of $5.45 million.