Corporate tax rate cut used to buyback stock and layoff workers.

Being that prices are set by market conditions, and profit is only a portion of the price, and taxes only a small portion of profits, the tax rate has little to no effect on prices. Giving average people tax cuts has the effect of causing prices to rise, as prices tend to rise with average incomes. (ie inflation)

 

Because they value belief more.

 

I broke my phone and had to call to get a replacement. The people on the other end all had nice American sounding names, yet spoke in clear Korean English.

 

Prior to the tax cut a group of twenty CEO's, during a Wall Street Journal Forum, stated they would not hire if the corporate tax cut went through. Yet the right wing continued to argue that they would hire. Congratulations Americans, you've been suckered again. Will you ever learn that the ONLY reason Republicans want a tax cut is to pocket the change? Will you ever learn the GOP cares only about grabbing as many bucks as they can from your hard work? Will you ever learn the GOP doesn't give a damn about budget deficits? They have words to describe people like you -- saps, dupes, suckers, useful idiots.

They've been robbing you and your family for years and you just sit there and take it. Are you ashamed yet? You should be.

 

Wait! Are you saying that companies previous to Trump's tax cuts weren't cutting staff and reducing benefits?????

 

Because of Trump's tax cuts I was able to keep $3,200 more of my own money during the 2018 year compared to 2017. Go figure.

 

amazing how that works isn't it like anyone is gonna be fooled

 

the tax cuts were supposed to prevent that and trickle down, the point is they are not, another trickle down failure from the right

trickle up always works, trickle down always seems to fail

 

Why do people who pay little or no income taxes hate to see people who pay a majority of the income taxes the IRS collects get a tax cut?

 

I realize that. I was just trying to point out the simpleton economic rhetoric of the proponents of the corporate tax cut.

Now, watch what happens should a Dem candidate propose to repeal the corporate tax cuts: They'll scream that the increase of the tax will be passed on 1:1 to the consumer in the form of higher prices. You just can't permeate the illogical belief system they have built up around voodoo economics.

 

Tax cuts are trickle up. When my taxes are cut, then I'm KEEPING more of my OWN money and then I can pay bills, invest and spend more which trickles back up.

Tax increases are trickle down. When the government steals my money, then it starts at the top (government) and then is allocated down to certain segments of people.

 

Oh yea, I totally agree. It is like every time the price of crude goes up,and they insist that the price of gasoline has to rise to cover the costs. Yet when the price of crude drops, they don't rush out the cut the price of gasoline.

One thing that I've long known is that all of the early trading centers got wealthy not on the traded goods, but by charging the traders a fee, which in today's terms are taxes. Nothing promotes trade like a stable secure marketplace in which to operate.

 

yes, tax cuts for the working class are trickle up, tax cuts for the mega rich and mega corps are trickle down

your proving my point

 

AT&T is closing call centers in the northern states and moving them to the cheaper labor markets of the South.

 

Good!

A business's sole purpose is to stay in the black and make a profit.

 

Aaand, How much more have you paid in tarrifs, lack of property tax deductions, and credits aimed towards the non 1%?
Don't forget that if you are not in the 1%..All of your savings evaporate in a few years, but the top keep their subsidy's.

"At the end of 2022 perhaps the most important temporary tax provision will begin to phase out: full expensing for equipment (also known as 100 percent bonus depreciation). This provision will begin to phase out starting December 31st, 2022, at which point the deduction percentage will decrease by 20 percent yearly, resulting in its complete expiration by the end of 2026. Full expensing for equipment is one of the most pro-growth aspects of tax reform, yet temporary implementations fall short of delivering on growth and inevitably cost substantial amounts of revenue.

December 31st, 2025, will be a significant day for most taxpayers. Twenty-three provisions from the Tax Cuts and Jobs Act directly relating to individual income taxes will expire, meaning most taxpayers will see a tax hike unless some or all provisions are extended. Some of the most impactful provisions scheduled to expire include the TCJA’s reduction of individual income rates, increased child tax credit, the increased AMT exemption and phaseout threshold, and the increased standard deduction. The individual income tax code is effectively scheduled to return to what it was before the TCJA, meaning personal exemptions, the overall limitation on itemized deductions, uncapped state and local tax deductions, and many other miscellaneous itemized deductions will return. Despite most of the individual income tax code returning to its pre-TCJA structure, inflation adjustments will continue to be determined by the Chained Consumer Price Index (C-CPI), as set by TCJA, which will result in most taxes increasing when compared to their pre-TCJA levels. Additionally, the qualified business income deduction, which allows pass-through businesses to deduct up to 20 percent of their income, will also expire. For a full list of the twenty-three expiring provisions, consult this JCT publication."

https://taxfoundation.org/look-ahead-expiring-tax-provisions/

Remember When Obama wanted to keep the tax cuts for common folk..The Tea party swindled Americans into siding with corporate interests...All in the hopes to "Cut the deficit" ROFL!

 

Just in case anyone was not aware, corporate stock buybacks are essentially economically the same thing as paying out large dividends to the shareholders.

(If that doesn't make sense to you, just imagine the corporation buys back half the shares of everyone who has stock, the percentage equity in the company of each shareholder is still the same as before, but the company has now just given them out money)

 

How does something..."trickle up". Your gonna have to find a better term, you mean tax cuts swindle up the chain, cause they currently are not for the common folk permanently?

 

So cashing in cheap, then redistributing at a later date when they can swindle more 401k's?

A sound thing to root for, if your a republican.

 

Obama raised taxes on the common American via ObamaCare.

ObamaCare gave us all of these new taxes...
https://jeffduncan.house.gov/full-list-obamacare-tax-hikes

 

Look ,if your in the 1%. Vote Trump, Republican, etc.

Why wouldn't you?

 

So, how much have your insurance rates decreased with Trump?

 

How much have the premiums gone up since the 90's?

Obama promised to decrease our premiums by $2500 and they did just the opposite. They increased.

 

If you are in the top 50% of income earners, vote Trump. The top 50% of income earners pay 96% of all Federal taxes.

if you are in the bottom 50% of income earners, then vote for a Democrat. The bottom 50% of income earners only pay 4% of all Federal taxes.

 

They will be made permanent or be extended.

Or do you think the Democrats are just going to let them expire?

Because I know the Republicans won't let them expire. The Republicans will either make them permanent or extend them.