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turbinetree

(24,695 posts)
Thu Sep 7, 2017, 04:05 PM Sep 2017

Paul Ryan says he doesnt know if the Trump Organization is an LLC

Source: Think Progress

During a Q&A session hosted by New York Times Deputy Washington Editor Jonathan Weisman on Thursday, House Speaker Paul Ryan appeared to be caught off guard when asked about the conflict of interest between the Trump Organization and Republicans’ goal to lower the corporate tax rate.

“There’s a saying: ‘Not a cent for the 1 percent,'” Weisman said. “We do know that the affluent have done pretty well over the last 20 years as the middle class has struggled. So can you write a simplified tax code and keep it progressive?”

After detailing his thoughts on the need to lower rates to help “middle-income taxpayers” and smaller businesses, Ryan responded.

“The issue that I think gets confused in this whole ‘1 percent’ conversation is, 80 percent of all of our businesses in America pay their taxes as individual people,” he said. “We call them pass-throughs, LLCs, sole-proprietors, subchapter S corporations—”

Read more: https://thinkprogress.org/paul-ryan-trump-org-llc-7dffc2eb8c77/



When you get to the video------------------


It's not progressive asshole.......................FUCK YOU it's regressive to the middle class...........again FUCK YOU

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Paul Ryan says he doesnt know if the Trump Organization is an LLC (Original Post) turbinetree Sep 2017 OP
I thought they were talkimg about... CatMor Sep 2017 #1

CatMor

(6,212 posts)
1. I thought they were talkimg about...
Thu Sep 7, 2017, 04:22 PM
Sep 2017

a 15% corporate tax. That has nothing to do with a sole proprietor or a partnership etc. You pay a self employment tax that is double what a corporation or individual pays for social security.

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