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Guns You Could Buy Under Trump’s Tax Plan

Monday, November 7, 2016 14:38
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(Before It's News)

Trump's Tax Plan and Your Paycheck
Trump’s Tax Plan and Your Paycheck
AmmoLand Gun News
AmmoLand Gun News

USA –  -(Ammoland.com)- What guns will you buy with the $3,500 in tax cuts you get from Trump vs what guns will you sell to cover the $4,500 tax increases from Hillary?

Personally, I’m looking to add a high-end .22s for steel competition.

But that’s if Trump wins.

If Hillary wins (Gasp!) I’ll have to hold off on buying anything new for a while. Her tax plan means a cut back on personal and luxury spending.

So where does this gap in taxes come from and why haven’t you heard Trump is cutting EVERYONE taxes?

I don’t give a fart about the personalities, and let’s be honest what matters is the economy and the ability to care for my family.

I vote my pocketbook, not some imaginary reason to be offended or personal affront from concerns about a woman’s inability to tell the truth.

Trump’s plan will collapse the current seven tax brackets to three brackets. The rates and breakpoints are below.

  • Low-income Americans will pay 0.
  • Brackets & Rates for Married-Joint filers:
  • Less than $75,000: 12%More than $75,000 but less than $225,000: 25%
  • More than $225,000: 33%

The 3.8 percent Obamacare tax on investment income will be repealed, as will the alternative minimum tax. So with fewer tax brackets that are lower than the current brackets you get a tax cut. So how much of a tax cut? Look below; this is from the non-partisan Tax Foundation.

The fact is the numbers don’t lie. Trump’s tax plan is a massive tax cut for the middle class. This plan is also designed to spur growth in our economy. The growth is projected to cover more than the income spent on the tax cuts. Hillary’s plan offers zero economic growth.

Hillary is holding the tax rates pretty much the same, so where is the tax increases? Well, she’s called for a reduction in what you can put in a 401(k) or another tax-deferred fund. The less money you can save tax-free the more, you pay in taxes. Personally, her plan will cost my family and me $4,500 a year. We make use of the 401(k) contributions for retirement planning and the medical flex plan to blunt the rising costs of health care. If you take advantage of these tax-deferred mechanisms, Hillary will cap them at lower contributions or eliminate them all together. That raises your taxes.

Why is Hillary eliminating the most effective and popular savings plans in the nation? Well, it’s all pay back to Wall Street.

Forcing you to invest your retirement dollars where THEY want, and making us pay BILLIONS in fees and service charges. We lose our most economical options for retirement savings so that insiders and Wall Street can make more money. We pay more so politicians can pay back those who gave $100’s of millions to fund their campaign.

So why don’t you hear about this? Well, it might hurt Hillary and help Trump, so the media keeps quiet about it.
Register to vote and get out and vote your interests in 2016.

Oh below is the gun I will buy when Trump wins.

High-End .22 Steel Competition Pistol
High-End .22 Steel Competition Pistol

About Don McDougall:

Don McDougall is an NRA instructor and member of the Los Padres “Friends of the NRA” committee. If he’s not at the range you will find him setting the record straight with on gun issues and gun safety on AmmoLand Shooting Sports News.
Follow us: @Ammoland on Twitter | Ammoland on Facebook

This post Guns You Could Buy Under Trump’s Tax Plan appeared first on AmmoLand.com Shooting Sports News .

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