HILLARY FOR PRESIDENT

[BlueTiki]

'Fair' and 'legal' are not synonymous.

So, calling for a change in tax codes which would require the very wealthiest in the country to pay a similar percentage of their incomes as the rest of us is not an implication that those who are taking advantage of current tax breaks are engaged in criminal activity.

I think that since the Clintons elect to pay 33%, contribute considerably to charity, and have published 30 years of tax returns, Hillary Clinton has standing to criticize billionaire Trump's choice not to pay any personal income taxes and not to release his tax returns. I do suspect Trump's failure to release his tax returns, despite several broken promises to do so, has hurt him some with the general voter population though.

Although "Fair" and "Legal" are not synonymous, historically one doesn't typically rally to change a "Fair" law.

I have heard no compelling argument to abolish the plethora of existing tax credits, tax deferrals or deductions . . . besides the chestnut that the rich have more money than they need.

"So, calling for a change in tax codes which would require the very wealthiest in the country to pay a similar percentage of their incomes as the rest of us . . . "

The average American pays an effective rate of 19.8% of their income in taxes (2015 return data). I don't believe that Hillary believes that the wealthiest should also enjoy this effective tax rate.

In fact, she wants to reduce the effective tax rate for the majority of Americans . . . that deficit needs to be made up somewhere. That somewhere is the "deep pockets" of the wealthy and corporations.

And how does anyone know what Trump has or has not paid in taxes, as his returns have not been released (which is not a legal requirement to run for President)?

I'm only curious if Trump used his donated underwear, as did the Clintons, as a charitable contribution and a tax deduction. Yes . . . that is true.

My point about Hillary's the wealthiest NOT paying their fair share statement makes it seem that "They" are getting away with something . . . like a criminal.

And that is her point . . . getting away with something . . . unfairly and unjustly . . . while the rest of the masses slave and starve.

Strictly from a CPA standpoint: If you're paying a 33% effective tax rate, no matter how wealthy you are, you clearly don't know the tax laws.

And that ain't a good thing when suggesting to change them.

Or from a strategic wealth management standpoint.