The new GOP tax bill proposes a 5% tax on international money transfers sent by non-citizens from the US.

[rightwinger]

But yet you belong to a party that want to monitor your transactions of six hundred dollars or more....

Taxable income
Crypto transactions should not be exempt

 

[Cellblock2429]

yea……that’s the LIE Republicans told when they pushed through 40 percent tax cuts.

Reality is
There was no measurable cut in prices because it was now cheaper to manufacture
There were no significant increases in pay to share with employees
No measurable expansion in production facilities or modernization
No increase in employment

So what did corporations do with the extra money?
They just kept it

/----/ "that’s the LIE Republicans told"
Link ???

 

[rightwinger]

/----/ "that’s the LIE Republicans told"
Link ???

Donald Trump’s 2017 corporate tax cut, part of the Tax Cuts and Jobs Act (TCJA), reduced the U.S. federal corporate income tax rate from 35% to 21%. This was the largest one-time reduction in corporate tax rates in U.S. history. The impact of this cut has been debated among economists, policymakers, and businesses. Here’s a breakdown of the main impacts:


Short-Term Economic Boost

• Corporate profits rose: Companies immediately saw higher after-tax profits.
• Stock market gains: Investor sentiment improved; U.S. stock markets surged.
• Increased business investment — but modestly: There was a temporary uptick in investment, especially in 2018, but it was less than projected, and many firms used savings to buy back stock rather than expand operations.

Wages and Jobs

• Minimal impact on wages: Some companies gave bonuses or raises, but broad wage growth was limited and not clearly tied to the tax cut.
• No sustained employment boom: Unemployment was already low pre-2017; the tax cut didn’t significantly change the trend.

Corporate Behavior

• Massive stock buybacks: Corporations used much of the tax windfall on share repurchases (over $800 billion in 2018 alone), benefiting shareholders more than workers.
• Repatriation of overseas profits: Some money held abroad came back to the U.S., but much of it also went to buybacks or dividends.

Federal Deficit and Debt

• Increased federal deficit: The TCJA was projected to add $1.5 trillion to the deficit over 10 years. Corporate tax revenues declined sharply, from $297 billion in 2017 to $205 billion in 2018.
• No revenue-neutral effect: Proponents argued growth would offset revenue losses, but this didn’t happen at the scale predicted.

Long-Term Economic Impact

• Uneven benefits: The majority of benefits went to corporations and higher-income households. Middle-class taxpayers saw smaller, temporary benefits.
• Limited productivity growth: Despite lower taxes, the U.S. did not see a significant or lasting rise in productivity or GDP growth beyond historical trends.

 

[the watcher]

That's a pretty old idea and the fact that they haven't done anything for all these years leads me to believe that many of our so called representatives are for illegal aliens smuggling money out of our country. We need to reinstall "for the people" to our lawmaking process, but will we.

I think we would see a sudden rise of 'sanctuary wire services' given the current mood, maybe even state sponsored. Or the church and other non profit ngos with the expected nolle prosequi by the courts. If we ever get to total electronic funny money system it could be easier, but I don't think we will ever see any change. It's an invisible cost of those tomatoes: cost of plants, fertilizer, water, insecticide, harvesting, transport, subsidizing extended families to live here and attend schools, etc. Just the cost of business. That cheap labor is why we have a 15% ave income tax, and to that add sales tax, local property and personal property taxes.

 

[the watcher]

It is their money, let them do what they want with it

I wish the IRS felt like you do.

 

[The Irish Ram]

“If necessary, we’ll mobilize. We don’t want taxes on remittances from our fellow countrymen. From the US to Mexico,” Sheinbaum warned in the clip

Funny how no countries want America to treat them the way they treat us.
Our economy depends on Americans, working in America and spending their paychecks in America, which in turn enriches the businesses in America. That makes America Profitable Again...

 

[rightwinger]

I wish the IRS felt like you do.

non citizens pay federal taxes too

Now you are telling them they have to pay to send it home

 

[rightwinger]

Immigrants come here for a better life. That means those back home are still struggling. It is a long term practice to send some of your new “wealth” home.

My Grandmother immigrated from Germany in the late 1920s. She got a job as a live in maid/cook/nanny

Her room and food was provided so she sent most of her salary back to her struggling family.

 

[Cellblock2429]

Donald Trump’s 2017 corporate tax cut, part of the Tax Cuts and Jobs Act (TCJA), reduced the U.S. federal corporate income tax rate from 35% to 21%. This was the largest one-time reduction in corporate tax rates in U.S. history. The impact of this cut has been debated among economists, policymakers, and businesses. Here’s a breakdown of the main impacts:


Short-Term Economic Boost

• Corporate profits rose: Companies immediately saw higher after-tax profits.
• Stock market gains: Investor sentiment improved; U.S. stock markets surged.
• Increased business investment — but modestly: There was a temporary uptick in investment, especially in 2018, but it was less than projected, and many firms used savings to buy back stock rather than expand operations.

Wages and Jobs

• Minimal impact on wages: Some companies gave bonuses or raises, but broad wage growth was limited and not clearly tied to the tax cut.
• No sustained employment boom: Unemployment was already low pre-2017; the tax cut didn’t significantly change the trend.

Corporate Behavior

• Massive stock buybacks: Corporations used much of the tax windfall on share repurchases (over $800 billion in 2018 alone), benefiting shareholders more than workers.
• Repatriation of overseas profits: Some money held abroad came back to the U.S., but much of it also went to buybacks or dividends.

Federal Deficit and Debt

• Increased federal deficit: The TCJA was projected to add $1.5 trillion to the deficit over 10 years. Corporate tax revenues declined sharply, from $297 billion in 2017 to $205 billion in 2018.
• No revenue-neutral effect: Proponents argued growth would offset revenue losses, but this didn’t happen at the scale predicted.

Long-Term Economic Impact

• Uneven benefits: The majority of benefits went to corporations and higher-income households. Middle-class taxpayers saw smaller, temporary benefits.
• Limited productivity growth: Despite lower taxes, the U.S. did not see a significant or lasting rise in productivity or GDP growth beyond historical trends.

/—/ You and I pay the corporate taxes you idiot. You want to pay more for stuff?

 

[rightwinger]

/—/ You and I pay the corporate taxes you idiot. You want to pay more for stuff?

Where was that rebate when we cut their taxes

 

[Cellblock2429]

Where was that rebate when we cut their taxes

/—-/ What part of one size fits all confuses you? Did every tax payer who got a refund spend the money the exact same way????
DERP

 

[rightwinger]

/—-/ What part of one size fits all confuses you? Did every tax payer who got a refund spend the money the exact same way????
DERP

What part of they just keep the money confuses you

 

[the watcher]

Now you are telling them they have to pay to send it home

No, I would tell them to go home, fix your own country and we'll stop ******* with it. That's what I wish the message was.

 

[rightwinger]

No, I would tell them to go home, fix your own country and we'll stop ******* with it. That's what I wish the message was.

When have immigrants ever been expected to go home and fix their country?

 

[Cellblock2429]

What part of they just keep the money confuses you

/——-/ What part of you don’t have a fu**ing clue what every corporation in America did?

 

[rightwinger]

/——-/ What part of you don’t have a fu**ing clue what every corporation in America did?

That is a stupid question

But I do know what corporations did as a whole when we cut their taxes……It wasn’t cut prices, raise wages, add jobs

Mostly, they just kept it

 

[the watcher]

When have immigrants ever been expected to go home and fix their country?

When have immigrants ever been invited and encouraged to take control of another country? That hasn't worked out well historically. It won't be good here either.

 

[Cellblock2429]

That is a stupid question

But I do know what corporations did as a whole when we cut their taxes……It wasn’t cut prices, raise wages, add jobs

Mostly, they just kept it

/——/ “Mostly, they just kept it”
Most likely that is just your stupid unfounded opinion.

 

[rightwinger]

/——/ “Mostly, they just kept it”
Most likely that is just your stupid unfounded opinion.

It is not unfounded

When given a choice of using the money to add jobs, increase wages, cut prices
OR
Keeping the money

They took the money

 

[Moonglow]

When have immigrants ever been invited and encouraged to take control of another country? That hasn't worked out well historically. It won't be good here either.

Tejas territory 1846