Trump doesn't care about the national debt that he said he would pay down in 8 years

There are advantages for certain companies in the tax code, but this is mostly large competitors. This is one of the reasons I oppose high Corp rates. The cost of compliance, auditors, tax shelters, etc are worthwhile for those that can offset with economies of scale, but smaller competitors have a real disadvantage due to higher tax rates. I believe this is an artificial impediment designed into the tax code to offer privilege to large competitors. I also think this stifles true innovation and improved quality of life for consumers through competition.

If you want higher corporate tax revenues, you have to trade off more products at affordable prices. What makes you think this is a good deal for consumers?

Corporate taxes are consumption taxes. If consumption falls, so does the corporate tax revenues. I like consumption versus income taxes, but I'd rather the public have easy access to determining the taxes they're paying.

 

Sorry. It takes time for business to adjust. Also, buy backs aren't a bad thing. Small corps are gaining competitive advantage. This will not happen over night.

 

The tax savings are immediate. Why would it take time for business to give them back to consumers? That makes no sense at all.

 

I find it terribly interesting how rapidly this thread has devolved into some discussion of corporate tax code when the topic is Trump's private and explicit disinterest in addressing the financial debt solely because it will not be a problem while he is President.

 

Sorry for derailing the thread, I just couldn't let the naive assumption that corporate taxes are passed on to consumers in form of prices stand without challenge.

As for Trump, anyone who had followed the king of debt would have known from the start that he had absolutely zero interest in the deficit. In fact, he even claim during the campaign that the US could just default on its debt, or renegotiate with China for cents to the dollar. These latest ramblings are no surprise at all.

 

Corporations don't pay ANY taxes. We, their customers do. It's just a hidden sales tax that we can't measure.

 

from a guy bankrupt several time in his business. lol

 

I agree with you on corporate tax rate for smaller companies, but you can't have a major loss of revenue to advantage smaller cos. either. Possibly some sort of progressive rate structure is called for here.

Again, you can't make this exact equivalence between taxes and prices. No business can just raise its prices every time taxes increase, materials cost more, your daughter wants to go to the Sorbonne etc. The consumer will only pay so much or he will not buy (bad) or buy from your competitor (worse)

 

A good example of passing tax cost to the consumer is consumable goods. When cost increase to a corporation, many times they will not inflate their cost but will reduce the amount of product you are receiving for the same price, i.e. cereal box contains 14oz of product. To counter increase cost, the box will remain the same in appearance but the volume is reduced by 2oz and the consumer is receiving only 12oz of cereal at the same price.



If those expenditures decreased to the manufacture, the difference in P&L can go to R&D and or increased labor pool or usually will be moved into the new FY capital expense budget to cycle through legacy hardware/equipment.

 

Is it possible that Trump is a debt optimist, a Keynesian after all?

I mean this as a serious question. I remember hearing things he said during the campaign that might indicate that attitude as well.

 

That's branding and merchandising and still a price increase and savvy consumers will still stop buying if they notice, which they do rather quickly nowadays

 

Well, publicly traded companies do have that distinction. But that doesn't change the fact the Corporate tax rates were too high, and Globalism enhanced the decline of the middle class and jobs in the US.

It also doesn't change the fact the base of wage earners paying taxes needs to increase in order to address the deficit situation long term. Non-discretionary spending is another issue that needs addressing, but it seems that is a third rail issue armed with landmines for anyone who dares touch it.

 

Oh, I agree other than I honestly think the great majority of consumers are oblivious to these types of product inflation.

 

Give me a link to a clip of Trump saying that, or, give me the name of the person, who heard it first hand.

So far, Trump has increased GDP growth by 102% while only increase the growth in the National debt by 5%.

 

For a while, and not really long nowadays. The days when shoppers would just fill their carts without looking are done.

 

But a balanced budget would crush what's left of capitalism.

 

Do you realize that investments are included in the GDP? Do you also realize that Trump's tax cuts went mostly to the rich and they only spent about 20% of it one workers' pay, bonuses, hiring, etc.? DO YOU REALIZE that 80% of the money went to investments in stock buy-backs, real estate, etc.?

I N V E S T M E N T S........ Investments in non-productive speculation was responsible for the GDP increase you're so proud of.

 

How long do you expect that amount of GDP growth to remain? How long do you expect that amount of National debt growth to remain?

 

The smaller the government’s share of the GDP is, the more capitalism will thrive.

We would be rich beyond our wildest dreams if we were to pass:

• a 10% flat tax (15% at the very most), with no deductions
• a balanced budget amendment

 

If that were the case he never would have become president. Who would do that to themselves especially in his position? Being obliterated by nobodies on a daily basis? People combing through his entire life looking for scandals? Women coming out of the woodwork to accuse him of **** he never did? The guy could retire 1000X over and continue to live his life in peace and no stress. Now compare that to the Obamas for example. Obama couldn't get rich giving speeches UNLESS he became president. He and Michelle couldn't make all that much money selling books, UNLESS they were in the white house. If Trump was a selfish bastard he would have just stuck to his extremely cushy life. Think about it. The Obamas weren't going anywhere unless one of them hit the heights of political gain. Why didn't they just stick to being lawyers? Because they couldn't get as rich and powerful as they wanted that way. So, you should think harder about the motivations of people and how selfish people REALLY are.

 

Why are you surprised or outraged. Its perfectly in keeping with his character and personality.

Was there ever a time you thought Trump put the nation before himself?

 

It makes no sense to you because you don't understand the corporate environment. They are working on a mid term business plan developed without consideration of tax reductions. There are thousands of variables that have to be worked through at all levels of the supply chain before price reductions can be possible.

 

well the election is a thing of the past, we are well past it.

remember in the 90s, with internet, a new form of commerce was introduced and all companies, large amd small, old and new, were now at the same playing level. everyone had to invest, and all that starting capital was a major factor for govt revenue.

 

I posted an article regarding the tax loopholes how companies manage to pay no tax...