Donald Trump: Tax Pay Off National Debt

Posted by admin on Wednesday, February 8, 2017

Donald Trump Money Quote saying in a 1999 interview that he proposes a tax on wealthy individuals with net worth over 10 million to pay off the national debt. Donald Trump said:
 
Well, basically, this would be a one-time tax, 14.25 percent against people with a net worth of over 10 million, It would pay off in its entirety the national debt of $5.7 trillion, and you'd save $200 billion a year Quote
 

“Well, basically, this would be a one-time tax, 14.25 percent against people with a net worth of over 10 million, It would pay off in its entirety the national debt of $5.7 trillion, and you’d save $200 billion a year” — Donald Trump

 

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Federal Debt Held by he Public 1790-2013
 
The national debt was only at $0 one time in history, beginning January 8, 1835 when President Andrew Jackson was able to keep the debt at zero for about a year.

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