TRUMP’S TAX CUTS SCREWS HIM OUT OF MILLIONS-JFK AND REAGAN MAKE HIM LOOK STUPID (HUMOR)

 
 
DON'T BE FOOLED PEOPLE
 
THE
 
 
IS NOT QUITE THIS
 
 
OR THIS
 
 
NOR IS IT THIS
 
 
In 2016 when FBI agent Peter Strzok called then candidate Donald Trump an "idiot" and a "douche" he was understating just how stupid and moronic he was. Compare Trump's "trickle down" tax reduction plan to JFK's, Ronald Reagan's and George Bush's and see for yourself how he needlessly and stupidly defied expectations and screwed himself and his family out of $$$$millions.
 
JFK'S TAX CUTS
 
In the 1960s JFK slashed taxes on himself, brothers Bobby and Ted, and his mob tied, criminal, bootlegging dad by 21 "trickle down" percentage points. When Kennedy became president the top marginal tax rate for the greedy, super, robber baron rich was 91% - FDR's wartime tax rate (he hated the rich); and one year after Kennedy's death FDR's 91% shrunk to 70%, thus enriching his family by $$$$millions.
 
 
REAGAN OUTDOES JFK
 
But Ronald Reagan, smarter and greedier than JFK, did something astounding: the Great Communicator convinced Tip O'Neil, the Democrat Congress and nation to outdo JFK in enriching himself and the wealthiest Americans. He proposed and got passed a literal doubling of JFK's tax cuts for the rich from 21 voodoo* percentage points to a near historic record setting 42 voodoo points (Harding/Coolidge did 52).
 
*One of the pejorative nick names for Reaganomics ( or Supply-side Economics) was Voodoo Economics, coined by presidential candidate George H W Bush in 1980.
 
Indeed, looking beyond JFK to the Roaring 1920s when Calvin Coolidge (the great business president) cut taxes on the rich from 77% (Wilson's wartime tax) to 25%, Reagan slashed JFK's top marginal rate of 70% to 28% saving himself double (100% more) in taxes what JFK saved his clan. It was WATERFALL ECONOMICS for himself and the rich and "TRICKLE DOWN" for everyone else getting bupkis in comparison - but reelecting Reagan in a 49 state sweep because of a booming economy.
 
THE BUSH TAX CUTS
 
Now do you see how stupid Trump is compared to Coolidge, JFK and Reagan? Greedy capitalist money grubbing pigs
      who live endlessly for gain don't get any dumber. But it gets worse. This dummy's tax cut for himself is even smaller than George Bush's (who Trump laughably ridicules). Millionaire Bush cut taxes on the rich a stupid, low 4.5% making himself the laughing-stock of the robber class because he could've grabbed millions more. Look at this and split your sides: when Bush became president the top marginal rate was 39.6% (Bill Clinton's rate). When Bush left office it was at 35%- a modest but incredibly dumb 4.6% drop. With the Republican controlled Congress Bush could have knocked off 11.6% from Clinton's rate restoring Reagan's 28; or he could've knocked off 8.6% restoring his father's 31*. George Bush screwed himself and his family out of millions and deserves our lasting contempt.  
 
*President Bush 41 raised Reagan's top marginal rate of 28% to 31%. 
 
TRUMP'S WEAK, PATHETIC TAX CUTS FOR HIMSELF AND THE RICH
 
But now along comes billionaire, real estate mogul Donald Trump
(the richest man ever to be POTUS) bragging and boasting that his tax relief plan is the biggest, best and boldest in US history. How can he say that when he outdoes Bush in stupidity? For where Bush lowered Clinton's 39.6% rate to 35% (which expired in 2013) Trump is cutting it down to a mere, pathetic 37%,  2.6% less than Bush. If Trump had the will he could have restored Bush's 35%, or gone lower.
 
SERIOUSLY FOLKS!
 
 What competent business man leaves so much money on the table and screws himself like this? With the top 1% unfairly paying 37% of all taxes (many of them own businesses and collectively employ millions of tax paying Americans) surely they deserve a bigger  CHRISTMAS GIFT than 2.6%. WHAT INGRATITUDE! Is that how we pay back the hardest working most productive Americans many of whom started out in the lower and middle class? This is the first major tax cut in US history that favors middle class workers over upper class earners. JFK and Reagan must be rolling in their graves at Trump screwing himself so badly; and Bush is certainly relieved that Trump has replaced him in infamy as the dumbest tax cutter in US history.
 
But bad as it is for Trump it could have been worse. For originally he wanted to keep in place Clinton's 39.6% rate and give himself and family no tax break at all. Trump said that he and the 1% made out like bandits during the (Fed created) market boom of the Obama years and didn't need a tax break. But the Republican Congress coming to the rescue saved him from that embarrassment.
 
WHAT DOES THIS PROVE?
 
That big, bad, self-centered Donald Trump (King Greed) isn't nearly as robber baron greedy as sick demented pathological Trump haters say. Their iconic liberal hero JFK was far and away more greedy than Trump; and would be his critic from the far supply-side right (wanting deeper cuts for himself and the rich) if he were alive today.
 
 
 
POSTSCRIPT
12-25-2017  
 
PRESIDENT TRUMAN'S 3% TAX CUT
 
It just came to my attention that FDR's top marginal wartime tax rate was 94% not 91%; and that in 1946 President Truman lowered it to 91% (see).
 
The above article  was written when Trump proposed no tax cuts for the rich on personal income. But it's nevertheless very instructive and worth reading.
 
 
 
 
 
 

17 thoughts on “TRUMP’S TAX CUTS SCREWS HIM OUT OF MILLIONS-JFK AND REAGAN MAKE HIM LOOK STUPID (HUMOR)

  1. We’re supposed to be against any kind of tax cut because THE EEEEEEEEEVIL RICH might also get a tax cut. Nope, no matter how much middle class people might benefit, if a single rich person anywhere has lower taxes, it isn’t worth it.

    /end channeling dimwit libs

  2. Learned this 40 years ago (I’m 74)

    Give a poor man a dollar and he’ll spend it.

    Give a rich man a dollar and he’ll turn it into two.

    Letting the rich keep more of their dough will only add to the prosperity of those below

    1. “Give a poor man a dollar and he’ll spend it.”

      From what I observe, being squarely in the middle of of the poverty-relief biz, yes, he could invest and save if he’d get rid of all his dogs, leave off the smokes and the beer, and stay married to the same woman. That would free up at least $100 a month to invest.

    2. Men of modest means will spend the dollar, fueling the economy, but men who have all they need already may stuff that dollar in a mattress or send it to a foreign country

    3. A poor man has NEVER offered me a Job. = Equally, = a smart business man getting wealthy soon learns that He cannot take any of his Wealth into the Next World.. “What Starts Here, = Stays Here..!! = What Good you do with the Wealth while Here on Earth, will become the Legacy for which You will be Remembered..!! – Remember that, Miser George S.. = cuz thousands will visit your grave site until the stench becomes unbarable..!!

  3. Anything on capital gains? I heard somebody say they were considering dropping to 20%. Frankly I believe a lower capital gains tax adds a little stability to the market. Also hope that the drop in corporate taxes leads to a higher dividend payout to shareholders. That would help the overall economy.

  4. Very good. If greed is the motive of tax cuts for the rich then Bush, Reagan, Kennedy and Coolidge were greedier than Trump.

  5. 6 tax brackets? WTF is wrong with these jerkoffs? And some cut to the top tax bracket. Two whole percent.

    Apollo’s right: Bush’s cuts were way better.

  6. All the individual rates on the lower end but the last one get lowered as well, in addition to an increase in the standard deduction. That will mean MOST Americans will be getting a tax cut.

    And if anyone thinks some of those lowered rates will go back up in 2026, as the bean counters today are demanding be included in the bill, then I have a bridge in Brooklyn to sell you.

  7. Tax cuts, – tax cuts, – tax cuts – all promised by politicians for the past 60 years, = yet I pay an ever increasing % of my income in Taxes.. What am I missing in this TAX Fruad.?

  8. Lol! Excellent satire. From the view point of extreme avariciousness Trump is screwing himself royally as you say. And JFK looks like a greedy bastard in comparison.

  9. I hope every Rat votes no on tax reform so we can pass this bill without those @ssholes. Then we can beat them senseless on their voting records in 2018.

  10. 10% strict, pure, flat income tax for everyone. No deductions, credits, loopholes, allowances, exemptions – NOTHING!

    Founding Fathers rolling in their graves over this crap.

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