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Comment by dmode | Hacker News Reader

Give him some tax cuts to go with it

I'm not an expert, but wouldn't this almost all be taxed at capital gains rates? And those aren't changing.

Even if they are taxed as income, the top rate is (probably) changing from 39.6% to 38.5%, so he'd saving less than 1% on $499 million of this.

So where is he getting a big tax cut?

edited: I was saying AMT means higher rate, but I was wrong.

The top long term capital gains rate is the same in both the AMT and the "regular" tax: 20%

Republican tax cuts are targeting small businesses and the middle class. Nice try

do you have a source on that?

I know it in my heart of hearts. Nice try.

It feels true, therefore it is true.

I know this is off topic from this thread, but I’m honestly curious as to why you think this. What evidence exists to support your statement?

Normally, I would just assume this type of comment is simply trolling, but I looked at your profile and it seems you are a real person with generally intelligent comments so now I’m curious.

I didn't read the budget, and likely you didn't read it too. We can't do all things at the same time, so we have experts to take care of things. (Say, you get a CT scan, you are not going to view it and interpret it, your radiologist will.) The same with the budget: I trust the president and the Republicans, as I take their word for it.

"I trust the president and the Republicans, as I take their word for it."

That's a bad strategy for a citizen in a democracy. If you blindly believe a party or politician you can't make educated choices.

Nobody does blindly anything. We make choices, and that is my choice. I trust the Republicans in Congress, and I am happy with their legislative agenda. Let's respect each other choices, and not denigrate anyone for being politically blind. We all have brains, personalities, education, and we all deserve respect.

Did you do any reading about the budget? I haven't read the whole thing but it seems pretty obvious to me that main benefits will go to the highest incomes and corporations and only a small percentage to the middle class. Unless you define middle class as people with net worth in the millions.

Interesting you make this point, because experts seem to disagree with your belief.

Middle class meaning net worth between 20-800 million dollars?

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