Tax cuts for business are stupid

Discussion in 'Current Events' started by RealDave, Nov 10, 2017.

  1. RealDave
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    RealDave Gold Member

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    First of all, corporate income tax is on profits.

    If a company is in trouble & struggling, it is not paying income tax so therefore a tax cut does nothing. It only helps companies making a profit. The rates are graduated so if the corp s paying that top rate, it is doing well & does not need a tax cut.

    Expanding & hiring is already tax deductible. Corporate tax rates have no effect on this.

    Companies hire when they have demand for their product & need help to produce that product. Cutting corporate taxes does not increase that denmad. Cutting tax for people who will spend it increases that demand.

    A lower Corporate income tax could lower their investment in buildings, machinery & labor. Say they are thinking about spending 10 million dollars on tax deductible expenditures. Currently, they know that by spending that 10 million, they save paying that 35% on taxes & thereby that 10 million is really 6.5 million. With the new 20% rate, spending that 10 million will really be 8 million. Less incentive with the lower rate.

    Every time there talk of increasing corporate taxes, a band of morons runs in circles screaming how corporations don't pay taxes, their customers do & thereby we will end up paying more. So if this new 20% rate kicks in, when should we expect all rices to drop?

    Republicans know cutting the corp rate does not create jobs. Trump is too stupid to know it. And most Republicans will try to argue with me. I am right.
     
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  2. Harry Dresden
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    Harry Dresden Adamantium Member Supporting Member

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    so dave whats your background in finance that i should buy what you are saying?.....serious question,im not trying to be a smartass.........
     
  3. skookerasbil
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    skookerasbil Gold Member

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    Oy
     
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  4. Kosh
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    Kosh Gold Member Supporting Member

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    Another far left drone that proves they do not understand anything in reality.

    They just run these debunked religious narratives.

    Seriously you can not make this stuff up!
     
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  5. Harry Dresden
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    Harry Dresden Adamantium Member Supporting Member

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    and yet i see nothing from you countering what he is saying....
     
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  6. Natural Citizen
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    Natural Citizen Gold Member

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    Pairing federal spending and debt with tax cuts does more harm than good. A couple of trillion dollars added to the debt isn't very smart. On top of that, the Federal Reserve will just turn around and monetize that debt, further debasing the dollar.

    Idiots. lol.
     
  7. Natural Citizen
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    Natural Citizen Gold Member

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    I'm pretty sure that the GOP tax plan also includes a consumer index price stealth tax which will allow them to further lie about inflation. Haha.
     
  8. Weatherman2020
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    Weatherman2020 Educating Libs Since 1978

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    Obviously the left have no clue as to why companies are moving offshore. Thank God Hillary lost.
     
  9. Weatherman2020
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    Weatherman2020 Educating Libs Since 1978

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    MediaMatters told him what to cut and paste.
     
  10. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    He slept in a Holiday Inn Express last night........
     
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