Trump's tax cut....???
- Thread starter MountaineerWV
- Start date
Hilarious........coming from a person who uses Twitter posts from Trump and his cronies as validation of his successes, and his "innocence".....
I'd rather have one country / one treaty, you are not stuck with a bunch of third world countries as a whole. easier to get what you want and what is fair. I guess that's why England wanted out of the EU. It was such a good deal.
Idiot, I don't use twitter to validate. I can use the stock market, unemployment and worker participation. I don't have to use fake **** like those from the party of blackface.
Gas prices are way down, thank god that's another thing that obama got wrong. That's a pay raise right there.
I’m some cases, sure. Think of TPP like NATO. We’d have been able to gang up on China and severely cripple them as a collective.
Well, I'm notsure we want another treaty like NAFTA that destroyed whole segments of some of our states. I live here in southwest Va and what happened to Martinsville, danville, NC, is devastating.
please explain how the "vast majority" received a "tax cut".
The Two Biggest Lies in Donald Trump's Tax Plan
https://prospect.org/article/two-biggest-lies-donald-trumps-tax-plan
Your linked article isn't making the same claim you are. The vast majority of taxpayers will get a tax cut. How much? Was it worth it? Etc are all valid questions, but we should at least start with the truth.
I don’t disagree with the premise of the article, it’s cost me more money too.
But.....someone needs to tell the person who made the second tweet, that’s not how tax brackets work!!!!!!
It amazes me how financially illiterate a lot of people are. He probably turned down a bonus to avoid going into the next “tax bracket” as well
But.....someone needs to tell the person who made the second tweet, that’s not how tax brackets work!!!!!!
It amazes me how financially illiterate a lot of people are. He probably turned down a bonus to avoid going into the next “tax bracket” as well
You said I use twitter, I'm 64, you think I know how to use Twitter? I'm a half twit![cheers]
I don't use Twitter or any social media either.......but the POTUS uses it as the national media source. [winking]
I don’t know that TPP would have been like NAFTA. I do know it would’ve allowed all of the countries China is most dependent on to be able to collectively regulate China’s actions and impose penalties etc. should China continue their currency manipulation and other unsavory business actions. In short, we wouldn’t be going the Trade War alone. We’d have Japan, Australia, and some other nations working with us. I’m strictly speaking upside here. There are likely some downsides to it as well. Weigh the costs and see what is most important. Play the long game.
I don't site twitter but follow our golf coach, football coach, our
No, increase in production due to cutting Obama's regs, increased cracking of natural gas to make the things that we use to use oil to make. We are the number 1 exporter now. What a wonderful thing capitalism is vs socialism by Ftards.
No, increase in production due to cutting Obama's regs, increased cracking of natural gas to make the things that we use to use oil to make. We are the number 1 exporter now. What a wonderful thing capitalism is vs socialism by Ftards.
WE are playing the long game here. It would be a hell of a lot easier to just let things continue the way they were. China stealing everything they could and then line the pockets of the politicians after they leave office. Kinda like the Clinton Foundation. That's pretty much dried up now that she's not in a position to sell her country out.
It is the difference in tax rate cuts on their surface vs what you are going to actually owe when the old deductions are no longer available. Exactly what people are finding out now.
The tax cut was never meant to go to the middle class, it was meant to put more money into the pockets of the richest people in the country. It did that. Paul Ryan got what he wanted from the beginning and then left.
Sure. Look at it like this. What Trump is doing is one of a couple of ways to handle them. It’s not as efficient, and has collateral damage to us which I’d argue is less effective than other avenues he could take. Down sides to this is China is now incentivized to work more closely with Australia and Japan and give them better deals to offset our actions which would have a long term negative impact on the over trade balance and global economy.
I guess the question is, would Japan rather do business with us or China? Australia? We are still the largest economy.
Hardly. We are flooding the market with oil while demand slips. We saw this with natural gas a few years ago. Opec is cutting production and is happy to let US companies pour product into a weak market. Eventually it will it be sustainable. This almost caused a total collapse of us shale gas in 2015 and the same will happen with oil. Companies can't operate at the depressed price and are selling their reserves too cheap when they should be reducing output to save for better prices. It causes a lot of companies to go under.
Supply isn't causing lower prices. Other countries can reduce output to keep supply neutral and prices unchaged. It is demand that they can't control and that is what is slipping.
That’s a very big question that encompasses more than just economic policy. China is on track to pass us. With TPP we had a mechanism to slow that down and force them to play by the same rules. Without it? It opens doors that would’ve otherwise been closed. Now, add in China’s aggressive expansionist posturing in the South China Sea, I think Japan is likely looking at China as the alligator closest to the boat. There are some cultural things there, in short, they hate each other culturally, but, that can easily be put aside by a couple trillion dollars of trade agreements. I swallow my pride all the time in business by understanding a $60 million deal closed is better than a $65 million deal in negotiation when the delay to execution is likely gonna eat up that $5 million delta.
We need to get China under control.
Your chart is showing exactly what it was designed and sold to do. It was designed increase profits for corporations who can and have been reinvesting it back into their businesses, through growth, IRAD, hiring, and compensation. You guys have bought full on into the evilness ******** of workers party propaganda.It is the difference in tax rate cuts on their surface vs what you are going to actually owe when the old deductions are no longer available. Exactly what people are finding out now.
The tax cut was never meant to go to the middle class, it was meant to put more money into the pockets of the richest people in the country. It did that. Paul Ryan got what he wanted from the beginning and then left.
New Proof Tax Cuts Are Doing Opposite of What They Promised
http://nymag.com/intelligencer/2019...e-of-promised-corporate-cash-accountants.html
Did you read the article?
And those people that own those businesses, who make more money, what do you suppose happens with that money? They put it in a fvcking Folgers can and bury it in the backyard? It spends you ignorant ****. We’re at 3.7% unemployment. People are working. There are over a million jobs available right now. Trickle down is working.
Tax revenues aren’t down. They’re flat or a little up the last time I checked, so we cut taxes and revenues stayed he same. Win.
Spending by the Govt is out of control. Want to cut spending? Let’s do it. I’ll be part of that mob. Want to rein in the deficit? I’ll have some of that.
Wage growth? Up. Win.
Corporate earnings? Up. Win.
Jobs? Plentiful. Win.
Individuals and Corporations paying less in taxes? Yes. Win.
Corporate reinvestment? Yes. Win.
Cut out the stupid fvcking trade war and we’d be en fuego right now.
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plain and simple, it was a middle class tax increase created by eliminating deductions and personal exemptions.
9 tax deductions individuals can no longer claim for their 2018 taxes - CBS News
https://www.cbsnews.com/news/9-tax-deductions-individuals-can-no-longer-claim-for-their-2018-taxes/
And that is a big reason why I am seeing a large tax increase. Many more millions of people will also feel it. And in big tax states like California and New York, it is going to be huge. Just as designed by Trump and the GOP. Punish states with the highest proportions of Dems.
Wish the lawsuits have made more progress on the constitutionality of this tax cut legislation.
You’re conflating stuff you don’t understand by posting links designed to not provide a comprehensive analysis. It’s cherry picking data to confuse and conflate issues for people like you.
Honest question, is your increase a result of your overall tax strategy? Could you change how you do things to have a more favorable impact under the new structure? The SALT was hashed repeatedly on here and we’re not in agreement. I do love your little conspiracy about the point being designed to punish states with high proportions of Dems. That’s classic.
Honest answer: No. I lost a bunch of exemptions due to a large family coupled with almost $22000 worth of deductions and it was replaced with a Standard Deduction of $24000. This increases my Taxable Income dramatically over something that is directly related to the legislation and I have zero control over it. This accounts for about 90% of my Effective Tax Rate going up 35%. That is a large tax increase. Agree?
I mean it's not rocket science
https://www.nbcnews.com/business/ta...ricans-asking-what-happened-my-refund-n969366