The GOP Plan is the Biggest Tax INCREASE in American History, By Far

Progressive Democrat policies primarily benefit the established wealthy. Extremely rich people do not donate millions of dollars because they're altruistic.

 

The alt right clearly do not understand taxation and economics.

The SS and Medicare are easy fixes as we all know.

We all know unless changed the middle class rates will increase in four years and the corporate tax rates will stay the same.

These are the facts.

 

You have that backwards. Lower classes and lower middle class gets a cut. Upper middle class that gets most their income from a salaried position will pay more. The upper class does not receive a tax reduction. Please explain where you see their taxes being cut outside of potential inheritance tac reduction.

 

Read the CBO scoring and get back to us.

 

I do not know that and neither do you. Our high corporate tax rates act as a tariff against our own companies both in the US market place and in overseas markets.



Our trade deficit is a subtraction from GDP



Obamanomics working to increase liquidity through the Fed only provided greater liquidity to our very large corporations with easy access to capital markets, and you are right, they largely used this money for stock buy backs to window dress their EPS and fatten their bonuses. Investors, struggling in our near ZIRP environment, chasing yields felt they had little choice but to invest in these companies. But, if we can expand the field rather than let the big boys be the only game in town, then investors will have a choice, do they want to invest in companies that are buying back their own stock, or do they want to invest in companies that are investing in greater market share.

But, this is a bet, we will have a much better sense of how effective it was once we are looking back and viewing the results. If we don't get the results we want, we can always work to improve results with subsequent legislation after we have an opportunity to see how this worked out. There is certainly evidence that this could deliver.

Looking above at that comparison of our tax rates to Ireland, which enjoys that key position on the right with the most favorable tax policies for corporations among our main trading partners. Ireland had a corporate tax rate of 40% in 1995, adopting a rate of 12.5% beginning in 2003. Their GDP responded nicely to the change.

It looks like we are going to give this a shot, hopefully it works as advertised. If it doesn't, we will try something else. The key is we have to raise Median disposable income for US workers.

 

"Real" = "Inflation Adjusted". That chart is showing inflation adjusted numbers.

 

Venezuela has price controls and their people are starving and their young woman are being forced into prostitution in order to eat. You don't want dummy government workers setting prices. Just make sure there are no unnecessary impediments to folks producing goods and services and then we will set the prices through our free choices.

 

Trump should not sign this bill until he releases his own taxes

 

And they can pay the higher rates too, since we're in this together

 

Then you should pay higher rates right along with them. Do your part !

 

I've read their take. It is several assumptions to assume upper class tax reductions.

 

12.4%????? NOT TRUE.

 

BINGO!

Get a look at this!

https://twitter.com/twitter/statuses/937480245753667591

 

6.2% from you, 6.2% from your employer. 12.4% of your total compensation.

 

Enlighten us.

Ok. Why are you opposed to lower corporate rates?

 

Exactly. So how is the employer's contribution YOUR contribution of "your" money? Why do you think someone else's money is yours?

 

Didn't read thread that has a plain lie as its title. Half or near half of the people in the country don't pay ANY federal income taxes, making the above claim as absurd as the thread itself.

Another whiff of a thread for you among many. Ever consider honesty as opposed to dishonest hyperbole?

 

Elimination of the FICA taxable income cap will make SS solvent for the foreseeable future. Heck, it's solvent forever already if it is cut to 75% in a few more years. It would save Medicare too.

Why cut them? The effective tax rate is already on par with that of other developed OECD countries. Cutting them will reduce needed revenue.

 

It is your money. Your cost of labor to your employer includes 12.4% to as. When determining hiring and compensation, this cost uys considered

 

If you remove the tax cap, you'd have to eliminate the return cap.

Some corps pay nothing, some pay the total rate. Corporate taxes are only there to glean lobbyist and political contributions. Established corps write the tax code and naturally they end up with an advantage.

 

That's your BOSS'S cost.

 

Explain.

Would you be happy with complete elimination of all loopholes and other mechanisms that reduce tax liability, and then drop the statutory rate to be in line with that of average developed OECD countries, i.e. 22%-24% ?

 

You couldn't possibly be that naïve.

 

Are YOU naive enough to believe he owes you that 6.2% under any conditions?

 

Feebly trying to switch the goalposts does not make you any less apparently naïve, as I guess you are since you are doubling down.