- Sep 19, 2011
- 28,466
- 10,043
- 900
and they completely ignored the FACT that corporate taxes would be reduced to 9%!
Which would ultimately have a direct affect in several ways!
1) Prices may be lowered to consumers. OR
2) profits would be increased to shareholders who again would report TAXES!
3) 2 trillion in offshore assets moved back to USA!
4) if 1/4th used to hire people at $40K per year that would be 12 million people at work!
5) That would be then 9% X 40K $45 billion in personal tax revenue!
6) 12 million people spending $10K each with an economic multiplier of 1.18/$1.00
adds another $147.5 billion to economy!
7) 9% sales tax on $147.5 billion:adds another $13 billion in sales tax revenue.
All in all corporate taxes dropped would add by bringing back $1 trillion off shore almost $100 billion or more in federal tax revenue..
BUT the idiots at FACT CHECK??
HERE is what they said:
"For this fact-check, we'll only be talking about the personal income tax and the sales tax since the business tax directly affects only business owners and corporations."
IGNORED 33% of the revenue potential!!!
Which would ultimately have a direct affect in several ways!
1) Prices may be lowered to consumers. OR
2) profits would be increased to shareholders who again would report TAXES!
3) 2 trillion in offshore assets moved back to USA!
4) if 1/4th used to hire people at $40K per year that would be 12 million people at work!
5) That would be then 9% X 40K $45 billion in personal tax revenue!
6) 12 million people spending $10K each with an economic multiplier of 1.18/$1.00
adds another $147.5 billion to economy!
7) 9% sales tax on $147.5 billion:adds another $13 billion in sales tax revenue.
All in all corporate taxes dropped would add by bringing back $1 trillion off shore almost $100 billion or more in federal tax revenue..
BUT the idiots at FACT CHECK??
HERE is what they said:
"For this fact-check, we'll only be talking about the personal income tax and the sales tax since the business tax directly affects only business owners and corporations."
IGNORED 33% of the revenue potential!!!