Say, Looks Like That Supply-Side Stuff Works After All

[Smokin' OP]

I see above that you're a moron. Moron.

As you can't even comprehend.........the headline?
MORON.

 

[Toddsterpatriot]

You can't read words?
Understandable, Trump loves his cult.

I can read the words that you copy and paste. I understand the words you copy and paste.
That's why I'm able to laugh at your ignorance.

 

[Toddsterpatriot]

As you can't even comprehend.........the headline?
MORON.

Trump didn't change the fact that a corporation can deduct stock option expenses, moron.

 

[Smokin' OP]

Trump didn't change the fact that a corporation can deduct stock option expenses, moron.

I told you dumbass, it's the same thing........NOT paying taxes.

 

[Toddsterpatriot]

I told you dumbass, it's the same thing........NOT paying taxes.

You have the comprehension of a 6-year-old.
What did Trump's tax cut do to allow corporations to pay $0?
Be specific.

 

[Smokin' OP]

You have the comprehension of a 6-year-old.

YOU must, can't even read a link?

What did Trump's tax cut do to allow corporations to pay $0?
Be specific.

Lowering the tax rate from 35% to 21% allowed more companies to pay $0 in taxes.
Simple math, evidently, you can't comprehend either.
If a bank lowers their annual income threshold from 35% to 21% a LOT more people are going to qualify for a mortgage loan.

 

[Toddsterpatriot]

YOU must, can't even read a link?

Lowering the tax rate from 35% to 21% allowed more companies to pay $0 in taxes.
Simple math, evidently, you can't comprehend either.
If a bank lowers their annual income threshold from 35% to 21% a LOT more people are going to qualify for a mortgage loan.

Lowering the tax rate from 35% to 21% allowed more companies to pay $0 in taxes.

Hilarious!!!

If a company made $1 million under the old rate, they paid $350,000.

If a company made $1 million under the new rate, they paid $210,000.

How do they pay $0? Be specific.

 

[Cellblock2429]

Twice as many companies paying zero taxes under Trump ...​

View attachment 803801
NBC News
https://www.nbcnews.com › business › twice-many-co...
Apr 11, 2019 — Twice as many companies paying zero taxes under Trump tax plan. The Tax Cuts and Jobs Act lowered the corporate tax rate from 35 percent to ...

MORON.

/----/ And that is a good thing. Trump made US companies competitive with foreign corporations.

 

[John Edgar Slow Horses]

issuesinsights? Magazine of Carlsbad Junior High School.

 

[Smokin' OP]

Lowering the tax rate from 35% to 21% allowed more companies to pay $0 in taxes.

Hilarious!!!

If a company made $1 million under the old rate, they paid $350,000.

If a company made $1 million under the new rate, they paid $210,000.

How do they pay $0? Be specific.

Trump not only reduced taxes he increased tax credits, which allowed companies to shave more off of their tax liability.
Read the fucking link I posted.

Twice as many companies paying zero taxes under Trump ...​

NBC News
https://www.nbcnews.com › business › twice-many-co...
Apr 11, 2019 — Twice as many companies paying zero taxes under Trump tax plan. The Tax Cuts and Jobs Act lowered the corporate tax rate from 35 percent to ...

It gives several examples.

 

[Smokin' OP]

/----/ And that is a good thing. Trump made US companies competitive with foreign corporations.

NO, he didn't.

That's another in a long line of BS excuses, teabaggers have given, since Reagan was president.

 

[Dadoalex]

Say, Looks Like That Supply-Side Stuff Works After All​

Say, Looks Like That Supply-Side Stuff Works After All

Every lawmaker who supports Bidenomics should be fired, with prejudice, the next time their seat comes up for election.

issuesinsights.com

6 Jul 2023

Bidenomonics has been, and will continue to be, a disaster. This is what happens when lawmakers manipulate economies. No one should ever expect a different outcome when politicians enact ideas that they believe are so brilliant that they will overcome the laws of economics. The way out of this mess is to make a policy U-turn to both unleash the economy and expand precious liberty.
President Joe Biden last week bragged that his economic policies — straight from the Democrats blueprint that says “borrow, tax, spend, regulate, then do it all again” — are working. But as we’ve noted, Bidenomics has been a wreck, a flop that is taking us into a recession.
Not only did Biden openly boast as our sclerosis grows worse, he also, as Democrats always do, took a jab at “trickle-down economics,” claiming it has “failed the middle class … failed America … blew up the deficit” and “increased inequity.”
He probably would have blamed the Canadian wildfires on “trickle-down economics” had he thought about it. But there’s not much thinking going on in his head — and in fact there never has been, with his ungovernable mouth leading the way throughout his career as an elected grifter.
~Snip~
We don’t see Biden or any other Democrat ever coming around to supply-side economic policies, the correct terminology for what they sneeringly call “trickle-down economics,” which asserts that lower taxes and less regulatory meddling fuel economic growth. Yet they are exactly what our economy — any economy – needs, now and forever.
In our post-lockdown world, the states that have the strongest economic recoveries are the red ones on the map. And what do they have in common? Low taxes and light regulation.
We can see this vividly in the rankings of states that have had the greatest increases in hiring over the last year. Of the top 10, only two are blue, or Democratic, states.
~Snip~
Democrats are stubborn animals who will continue to take two-by-fours upside their heads and swear that the blows don’t hurt and there’s no damage done. So we can’t under any circumstances foresee them ever abandoning their policy preferences, from busted Obamanomics to neo-Marxist Sandynomics to baffled-by-his-own-BS Bidenomics, that cause so much harm. Which is why we need a real red wave in 2024 rather than another ebbing tide like the one we had last year.


Commentary:
Before one declares that Bidenomics is ``Not Working``, one needs to discern the goals of Bidenomics. One might find that Bidenomics is, indeed, Working as designed to destroy te economy and America.
The big takeaway from this article is that lower taxes and light regulation actually increases tax revenues. This is because:

1) productive economic effort is rewarded, and​

2) there is less incentive to avoid taxes (e.g., people fleeing CA, NY, and IL).​

At the Federal level, look what the Reagan Tax Cuts did for the disastrous Carter and Obama economy; one of the longest sustained growth periods of US economic growth ever.
Did the Democrats learn the lesson? No! because to them higher taxes is the means to attaining more power.
While it is a current trend to use the term ‘Bidenomics’ when referring to the abject failure of so many infrastructure sub-systems and supply chain shortages including baby formula, we should probably be calling it ‘Obamanomics’.
Remember “We are going to change your world as you know it.” No one thought to ask what his objective actually was..

You made a comment on someone else's fact free commentary.
Well done.

 

[Toddsterpatriot]

Trump not only reduced taxes he increased tax credits, which allowed companies to shave more off of their tax liability.
Read the fucking link I posted.

Twice as many companies paying zero taxes under Trump ...​

NBC News
https://www.nbcnews.com › business › twice-many-co...
Apr 11, 2019 — Twice as many companies paying zero taxes under Trump tax plan. The Tax Cuts and Jobs Act lowered the corporate tax rate from 35 percent to ...

It gives several examples.

Trump not only reduced taxes he increased tax credits, which allowed companies to shave more off of their tax liability.

Which Trump tax credits? Explain why they're bad.

I know you're an idiot, but try to use your own words.

Form your own thoughts. It would be a nice change for you.

 

[Smokin' OP]

Trump not only reduced taxes he increased tax credits, which allowed companies to shave more off of their tax liability.

Which Trump tax credits? Explain why they're bad.

I know you're an idiot, but try to use your own words.

Form your own thoughts. It would be a nice change for you.

That's all you get, if you can't read the link, get the grade school kid to read the bigly words for you.
MORON.

 

[Toddsterpatriot]

That's all you get, if you can't read the link, get the grade school kid to read the bigly words for you.
MORON.

You're still clueless.
21% does not allow zero taxes.
So how did they pay $0?

It's right in front of you.

 

[Smokin' OP]

You're still clueless.
21% does not allow zero taxes.
So how did they pay $0?

It's right in front of you.

I just posted it, DUMBASS.

Twice as many companies paying zero taxes under Trump ...​

NBC News
https://www.nbcnews.com › business › twice-many-co...
Apr 11, 2019 — Twice as many companies paying zero taxes under Trump tax plan. The Tax Cuts and Jobs Act lowered the corporate tax rate from 35 percent to ...

Like I said, if you can't read the bigly words, a the grade school kid down the block, to explain them to you.

 

[Toddsterpatriot]

I just posted it, DUMBASS.

Twice as many companies paying zero taxes under Trump ...​

NBC News
https://www.nbcnews.com › business › twice-many-co...
Apr 11, 2019 — Twice as many companies paying zero taxes under Trump tax plan. The Tax Cuts and Jobs Act lowered the corporate tax rate from 35 percent to ...

Like I said, if you can't read the bigly words, a the grade school kid down the block, to explain them to you.

And you've shown you still don't understand it.
The fact that he cut the rate from 35% to 21% has nothing to do
with the fact that some corporations can pay zero taxes.

From your link in post #27.......

Companies’ Low Tax Rates Rely on a Variety of Familiar Tax Breaks​

The Securities and Exchange Commission requires publicly traded companies to disclose U.S. pretax income, federal and state income tax paid on that income, and any significant factors affecting tax expense. For this reason, we can generally describe the tax breaks used by these 55 companies to get their tax expense to zero.

More than a dozen used a tax break for executive stock options to sharply reduce their income taxes last year. These include Advanced Micro Devices, Archer Daniels Midland, Booz Allen Hamilton, Charter Communications, Nike, and Salesforce.com. This tax break allows companies to write off stock-option related expenses for tax purposes that go far beyond expenses they report to investors.
This was unchanged by the Trump tax cut. Corporations have always been able to
write-off the expense of stock options. They list Salesforce as having $2.63 billion in pre-tax income, but getting a $12 million refund. If Salesforce had more than $2.63 billion in stock option expenses, they would owe no income tax because they had no pre-tax income.

A provision in the Tax Cuts and Jobs Act allowing companies to immediately write off capital investments—the most extreme version of accelerated depreciation—helped several companies reduce their income tax substantially. Consolidated Edison, Williams, PPL and Sealed Air all used depreciation tax breaks to substantially reduce current income tax expense, as did at least a dozen other companies.

This is the major change in the Trump tax cut. Previously, if a corporation bought a major
piece of machinery expected to last 20 years, they had to write off the expense over 20 years.
Now they can write it all off in the year they bought it.

They show Consolidated Edison has $1.2 billion in pre-tax income but they're getting a $2 million refund. That could be because they bought more than $1.2 billion in equipment which means they would owe no income tax because they had no pre-tax income.

You might have understood this if you actually read the links you post.

 

[Smokin' OP]

And you've shown you still don't understand it.
The fact that he cut the rate from 35% to 21% has nothing to do
with the fact that some corporations can pay zero taxes.

You're FOS.
YOU don't understand it, so, as usual........deflect.

"The Tax Cuts and Jobs Act lowered the corporate tax rate from 35 percent to 21 percent. In its first year, the number of companies paying no taxes went from 30 to 60.

"Instead of paying $16.4 billion in taxes, as the new 21 percent corporate tax rate requires, these companies enjoyed a net corporate tax rebate of $4.3 billion, blowing a $20.7 billion hole in the federal budget last year."

From your link in post #27.......

Companies’ Low Tax Rates Rely on a Variety of Familiar Tax Breaks​

The Securities and Exchange Commission requires publicly traded companies to disclose U.S. pretax income, federal and state income tax paid on that income, and any significant factors affecting tax expense. For this reason, we can generally describe the tax breaks used by these 55 companies to get their tax expense to zero.

More than a dozen used a tax break for executive stock options to sharply reduce their income taxes last year. These include Advanced Micro Devices, Archer Daniels Midland, Booz Allen Hamilton, Charter Communications, Nike, and Salesforce.com. This tax break allows companies to write off stock-option related expenses for tax purposes that go far beyond expenses they report to investors.
This was unchanged by the Trump tax cut. Corporations have always been able to
write-off the expense of stock options. They list Salesforce as having $2.63 billion in pre-tax income, but getting a $12 million refund. If Salesforce had more than $2.63 billion in stock option expenses, they would owe no income tax because they had no pre-tax income.

A provision in the Tax Cuts and Jobs Act allowing companies to immediately write off capital investments—the most extreme version of accelerated depreciation—helped several companies reduce their income tax substantially. Consolidated Edison, Williams, PPL and Sealed Air all used depreciation tax breaks to substantially reduce current income tax expense, as did at least a dozen other companies.

This is the major change in the Trump tax cut. Previously, if a corporation bought a major
piece of machinery expected to last 20 years, they had to write off the expense over 20 years.
Now they can write it all off in the year they bought it.

They show Consolidated Edison has $1.2 billion in pre-tax income but they're getting a $2 million refund. That could be because they bought more than $1.2 billion in equipment which means they would owe no income tax because they had no pre-tax income.

You might have understood this if you actually read the links you post.

I understand it, dumbass.
Otherwise I wouldn't have posted it.
"At least 60 companies reported that their 2018 federal tax rates amounted to effectively zero, or even less than zero, on income earned on U.S. operations".

 

[Toddsterpatriot]

You're FOS.
YOU don't understand it, so, as usual........deflect.

"The Tax Cuts and Jobs Act lowered the corporate tax rate from 35 percent to 21 percent. In its first year, the number of companies paying no taxes went from 30 to 60.

"Instead of paying $16.4 billion in taxes, as the new 21 percent corporate tax rate requires, these companies enjoyed a net corporate tax rebate of $4.3 billion, blowing a $20.7 billion hole in the federal budget last year."

I understand it, dumbass.
Otherwise I wouldn't have posted it.
"At least 60 companies reported that their 2018 federal tax rates amounted to effectively zero, or even less than zero, on income earned on U.S. operations".

"At least 60 companies reported that their 2018 federal tax rates amounted to effectively zero, or even less than zero, on income earned on U.S. operations".

Immediate expensing is awesome.
Even dumbfuck leftists should like it.

 

[Smokin' OP]

"At least 60 companies reported that their 2018 federal tax rates amounted to effectively zero, or even less than zero, on income earned on U.S. operations".

Immediate expensing is awesome.
Even dumbfuck leftists should like it.

Stupid teabaggers love it.
Multi-billion $$$ pay $0 and working people pay $1,000's.
Then teabaggers whine about the debt, (That's only when a democrat is president)