don't mind sacrificing for the country, to be honest with you, but you know, you do have is a problem because half of the people don't pay any tax. And when he's talking about that, he's talking about people that aren't also working, that are not contributing to this society, and it's a problem. But we have 50 percent -- it just hit the 50 percent mark. Fifty percent of the people are paying no tax.”[Fox & Friends, Fox News, 7/18/11] TRUMP PROPOSED INCREASING TAXES ON THE WEALTHY TO LOWER THE BURDEN ON THE MIDDLE CLASS… Trump Advocated For Increasing Taxes On The Rich While Lowering Taxes For The Middle Class. “Here's what he told Bloomberg Politics in a television interview Wednesday: ‘I would say that the hedge fund people make a lot of money and they pay very little tax. I'm about the middle class. I want the middle class to be thriving again. We're losing our middle-class. ... I would let people that are making hundreds of millions of dollars a year pay some tax, because right now they're paying very little tax, and I think it's outrageous. I want to lower taxes for the middle class.’ Asked if he was proposing to raise taxes on himself, Trump replied: ‘That's right. That's right. I'm okay with it, ready, willing. And you've seen my statements. I mean I do very well. I don't mind paying some tax. The middle class is getting clobbered in this country. The middle class built this country, not the hedge fund guys. But I know people in hedge funds, they pay almost nothing, and it's ridiculous, okay?’” [Washington Post, 8/27/15; WADR, Bloomberg TV, 8/26/15] Trump In 1991: “Frankly, Tax Rates For The Wealthy Are Too Low.” TRUMP: “Well, I think they have a big solution now. I think they could put the incentive back into building and real estate - that's the entire construction industry. Throughout the United States it's unemployed. I mean, you look at what's happening. It's unemployed. They put the incentive back into the industry, into my industry, and I'll tell you what - You're going to see the economy rebound fast. Frankly, tax rates for the wealthy are too low. It used to be you'd have a 50 and 60 percent tax rate and people would invest and they'd- you know, they'd cut their tax. They'd pay nothing, maybe. Today, it is just a catastrophe what they've done.”[Larry King Live, CNN, 11/19/91] Trump On Tax Policy: “High-Income People Should Pay High Percentages.” TRUMP: “Well, what they did is they just kept cutting the tax rates, cutting the tax rates. And I'm not talking about for the middle income or the poor. Leave 'em. Keep 'em low. And I shouldn't say this, but high-income people should pay high percentages, but have the ability to spend vast amounts of money on bringing their tax rates down to nothing. If a man is in the 50 or 60 percent bracket, he's going to invest. If a man's in the 25 percent bracket or the 30 percent bracket, which is what you have now, there's no real reason for him to invest. He'll say, 'Hey, look, I'll pay the tax and that's it.' So what's happened.” KING: “So you're saying the rich are under-taxed?” TRUMP: “I'm saying the rich should be taxed at a much higher rate and should have the incentive that, if they want to spend some money by investing in housing, investing in other things, they can get their tax rate down to nothing, if need be.”[Larry King Live, CNN, 11/19/91] • Trump: “I’m Saying The Rich Should Be Taxed At A Much Higher Rate And Should Have The Incentive That, If They Want To Spend Some Money By Investing In Housing, Investing In Other Things, They Can Get Their Tax Rate Down To Nothing, If Need Be.” [Larry King Live, CNN, 11/19/91] Confidential Page 169
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