The republican tax scam....

Discussion in 'Political Opinions & Beliefs' started by gophangover, Jan 22, 2018.

  1. fmw

    fmw Well-Known Member

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    In what way? This was a business tax cut to help American businesses be more competitive in the world market. Any personal tax cuts were simply something to help sell the cut. The personal tax cuts are temporary as you know. You missed the whole point of the tax cut.
     
  2. garyd

    garyd Well-Known Member

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    The overwhelming majority of US business are pass throughs which tend to commingle business earnings and income for tax purposes.
     
  3. fmw

    fmw Well-Known Member

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    The business part of it is accounted for in the same way that it is with a C corp. The difference is that there is one return both for the business and the individual. The S corp owner gains nothing other than that and loses nothing because of it. Your argument is a straw man.

    My business is a C corp so the company files a business return apart from my personal one. If it were an S corp, there would be just one return but the financial reports would be the same.

    There is a chance that an S corp owner might pay more for the business profits depending on his or her personal tax rate.
     
    Last edited: Jan 23, 2018
  4. Lesh

    Lesh Banned

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    feminist democrat party ???

    You have issues dude
     
  5. navigator2

    navigator2 Banned

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    I think this is satire, or is it bait for the ignorant? :)
     
  6. Lesh

    Lesh Banned

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    Hmmm...you bit
     
  7. navigator2

    navigator2 Banned

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    Nope, just suspected you were trolling or teasing GOPhangover into the spread. :grin:

    I'll bet there are a good number of people who don't even understand what we are jousting about.:p
     
    Last edited: Jan 23, 2018

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