EFTA Document EFTA01615341

Platform: iMessage Timezone: UTC+0000 • Steve Bannon K SB 01:40:04 pm SB Steve Bannon 2018/09/16 Your contact was sent to Kurz directly 12:58:47 pm Today is the 10th anniversary of the Lehman bankruptcy. Returns if you bought stocks at the close that day and held to today... JP Morgan: +285% S&P 500: +198% Wells Fargo: +126% Goldman Sachs: +93% Morgan Stanley: +75% Bank of America: +27% Citigroup: -51% https://t.co/hPB922a7z1 Tech stock returns since the Lehman bankruptcy 10 years ago today... Netflix: +8,978% Nvidia: +3,112% Amazon: +2,447% Apple: +1,160% Salesforce: +1,050% Adobe: +621% Microsoft: +443% Google: +443% S&P: +198% 08:14:49 pin • • EFTA01615341 Steve Bannon And wages flat SB 08:28:46 pm Yup 08:55:24 pm Your tax idea doesnt work. Less than 50k. 75b. Between 50k and 1001 2006 09:52:01 pm Steve Bannon Just means I need to find $200??? SB 10:16:50 pm 275, and chats. 30 % of the total personal. . 11:23:39 pm 23 % sorry . 11:23:59 pm Its a lot . 11:24:03 pm Steve Bannon Yes it's an incredible amount-- but doable SB 11:24:36 pm its an easy calculation. Everyone above 100, would have to increase their taxes. By 25% of current amount. . not likely 11:26:44 pm EFTA01615342 More difficult now as the tax rates were reduced. So the 25 % is more difficult. ie. If I reduce your tax due from 100 to 50 . I've reduced it by 50 %. . however. Just to bring it back to where it was I now hav to increase it by 100%. . ie from 50 to 100. Math is tricky 11:29:33 pm Steve Bannon What about taxes on capital---transaction ; foreign investment all of it SB 11:55:50 pin Let me think, but in perspective it is almost half to he minimal defense budget. Its a big fucking number 11:57:12 pin Steve Bannon I get that --- but it's somewhere SB 11:58:02 pm An indexing capital gains. Will make it harder 11:58:45 pm 2018/09/17 You can do less than 50. K . No taxes . And take it from the top 12:00:10 am Or go to a flat tax above a certain amount of income. . NO deductions. Only public charities . No DAFs. No private foundations. . the elites would scream. But it works. No mortgage. etc. 12:02:03 am EFTA01615343 The tax bill gave it away . You can make it sound fair. Ex. Every taxpayer. Above X. Pays 25 12:03:37 am you can rally do your taxes on a postcard. 12:04:13 am The key is. no deductions. For anything. !! trust me 12:04:50 am Steve Bannon Got it SB 12:15:29 am Even making borrowing against assets taxable 12:29:21 am Otherwise the guys whose stock has gone up 100 x. , just borrow against it. Get the interest deduction , and the system gets no tax 12:29:57 am Reminder. , I m vicious 12:30:16 am V Sent Steve Bannon Have to be SB 12:34:58 am V Read EFTA01615344