Trump tells rich Mar a Lago Friends "You all just got a lot richer" after tax bill

[Toddsterpatriot]

Show me.....

It's in the book You're hooked in to a den of thieves

We all know you don't read books......

Toddster I guarantee I've read 10x as many books as the moron in our WH has

That is awesome!!!
Now what are these special tax breaks for rich people you imagined?

First of all the carried interest deduction is retained. Even Trump criticized it and promised to get rid of it. The pass through provision is something that is ripe for abuse. Also it does not help a plumber who makes $50,000 a year. He pays the lower individual rate. This helps people that makes millions. The rich will be re-structuring their income to take advantage of it. At the last minute, a provision was inserted that allows real estate trusts to use the pass through provision. This helps Ryan, Corker and Trump. As passive investors they will be able to take 100% of their investment and subject it to the pass through rate. People who actively work in the business will only be able to take 30% of their income and subject it to the pass-through rate.

First of all the carried interest deduction is retained.

So Trump didn't actually give any rich people a special tax break.......thanks.

Also it does not help a plumber who makes $50,000 a year.

If he has a pass through business, it does help him.

He pays the lower individual rate.

The rate that Trump just cut?

As passive investors they will be able to take 100% of their investment and subject it to the pass through rate.

So they'll save 20%? That's awful!!

 

[Toddsterpatriot]

President Trump tells wealthy guests at Mar-a-Lago: “You all just got a lot richer” after tax bill

President Donald Trump joined his family at their “Winter White House” for the holidays Friday night after signing the GOP tax bill into law, and reportedly told wealthy friends dining at Mar-a-Lago, “You all just got a lot richer.”

Days before heading away for the holidays, Trump told White House reporters that the tax bill would be “one of the great Christmas gifts to middle-income people.” However, Mar-a-Lago’s exclusive dinner guests would have paid a $200,000 initiation fee and $14,000 in annual dues to Trump’s golf club and resort.

Trump made the comment to friends eating dinner at a nearby table, two of whom spoke of the encounter with CBS News.

--------------

200 grand initiation fee and 14 grand a year. Wow, that's a lot of money. And those people are going to get a lot richer.

Bet they get more than 18 bucks a week.

Oh well, for that 18 bucks, I no longer need healthcare.

Nothing wrong with that statement because it's true, something we don't hear from Trump very often. There's going to be a lot of money in the hands of rich do to this law, hopefully some of it will trickle down.

Yea, well, you can always hope.

But did it trickle down with the Reagan Tax Cuts for the rich? Maybe a little.

Or the Bush Tax Cuts for the rich? OK, not so much.

And this time? A few managers get a bonus. But most corporations already said they will go for "buy backs".

So the answer is "Not so much".

But did it trickle down with the Reagan Tax Cuts for the rich?

View attachment 168040

View attachment 168042
U.S. Federal Individual Income Tax Rates History, 1862-2013 (Nominal and Inflation-Adjusted Brackets) - Tax Foundation

As you can see, Reagan cut taxes for everybody.....well, someone smarter than you can see.....

You miss the point. Reagan cut taxes for everybody. The Republican tax bill does not do that. Even McConnell admits some middle class people will see their tax bills go up.

You miss the point. Reagan cut taxes for everybody.

Tell Dean, that moron thinks Reagan only cut taxes for the rich.

The Republican tax bill does not do that.

Right, only 80% of people.

Even McConnell admits some middle class people will see their tax bills go up.

Link?

 

[Flopper]

President Trump tells wealthy guests at Mar-a-Lago: “You all just got a lot richer” after tax bill

President Donald Trump joined his family at their “Winter White House” for the holidays Friday night after signing the GOP tax bill into law, and reportedly told wealthy friends dining at Mar-a-Lago, “You all just got a lot richer.”

Days before heading away for the holidays, Trump told White House reporters that the tax bill would be “one of the great Christmas gifts to middle-income people.” However, Mar-a-Lago’s exclusive dinner guests would have paid a $200,000 initiation fee and $14,000 in annual dues to Trump’s golf club and resort.

Trump made the comment to friends eating dinner at a nearby table, two of whom spoke of the encounter with CBS News.

--------------

200 grand initiation fee and 14 grand a year. Wow, that's a lot of money. And those people are going to get a lot richer.

Bet they get more than 18 bucks a week.

Oh well, for that 18 bucks, I no longer need healthcare.

Nothing wrong with that statement because it's true, something we don't hear from Trump very often. There's going to be a lot of money in the hands of rich do to this law, hopefully some of it will trickle down.

Yea, well, you can always hope.

But did it trickle down with the Reagan Tax Cuts for the rich? Maybe a little.

Or the Bush Tax Cuts for the rich? OK, not so much.

And this time? A few managers get a bonus. But most corporations already said they will go for "buy backs".

So the answer is "Not so much".

And that is something that a lot of people don't understand. They are so brain washed by republican ideology they just don't listen. Just because the rich and the big corporations get a huge tax windfall does not mean they will invest it in new plants and businesses in the US creating jobs. Many large corporations will announce stock buy back programs reducing the number shares outstanding which increases earnings per share. Other businesses and individuals will invest in the faster growing areas of the world oversea. Still others will reduce debt, bank their tax savings, or buy bonds. And yes some will actually invest in business expansions in the US that will lead to more jobs. However, it is likely that those jobs will be mostly high tech jobs and jobs requiring advanced skills, which often go overseas or to imported talent.

 

[Toddsterpatriot]

President Trump tells wealthy guests at Mar-a-Lago: “You all just got a lot richer” after tax bill

President Donald Trump joined his family at their “Winter White House” for the holidays Friday night after signing the GOP tax bill into law, and reportedly told wealthy friends dining at Mar-a-Lago, “You all just got a lot richer.”

Days before heading away for the holidays, Trump told White House reporters that the tax bill would be “one of the great Christmas gifts to middle-income people.” However, Mar-a-Lago’s exclusive dinner guests would have paid a $200,000 initiation fee and $14,000 in annual dues to Trump’s golf club and resort.

Trump made the comment to friends eating dinner at a nearby table, two of whom spoke of the encounter with CBS News.

--------------

200 grand initiation fee and 14 grand a year. Wow, that's a lot of money. And those people are going to get a lot richer.

Bet they get more than 18 bucks a week.

Oh well, for that 18 bucks, I no longer need healthcare.

Nothing wrong with that statement because it's true, something we don't hear from Trump very often. There's going to be a lot of money in the hands of rich do to this law, hopefully some of it will trickle down.

Yea, well, you can always hope.

But did it trickle down with the Reagan Tax Cuts for the rich? Maybe a little.

Or the Bush Tax Cuts for the rich? OK, not so much.

And this time? A few managers get a bonus. But most corporations already said they will go for "buy backs".

So the answer is "Not so much".

And that is something that a lot of people don't understand. They are so brain washed by republican ideology they just don't listen. Just because the rich and the big corporations get a huge tax windfall does not mean they will invest it in new plants and businesses in the US creating jobs. Many large corporations will announce stock buy back programs reducing the number shares outstanding which increases earnings per share. Other businesses and individuals will invest in the faster growing areas of the world oversea. Still others will reduce debt, bank their tax savings, or buy bonds. And yes some will actually invest in business expansions in the US that will lead to more jobs. However, it is likely that those jobs will be mostly high tech jobs and jobs requiring advanced skills, which often go overseas or to imported talent.

Many large corporations will announce stock buy back programs reducing the number shares outstanding which increases earnings per share.

Bastards!
I hate it when they make my stocks go up.

 

[Flopper]

President Trump tells wealthy guests at Mar-a-Lago: “You all just got a lot richer” after tax bill

President Donald Trump joined his family at their “Winter White House” for the holidays Friday night after signing the GOP tax bill into law, and reportedly told wealthy friends dining at Mar-a-Lago, “You all just got a lot richer.”

Days before heading away for the holidays, Trump told White House reporters that the tax bill would be “one of the great Christmas gifts to middle-income people.” However, Mar-a-Lago’s exclusive dinner guests would have paid a $200,000 initiation fee and $14,000 in annual dues to Trump’s golf club and resort.

Trump made the comment to friends eating dinner at a nearby table, two of whom spoke of the encounter with CBS News.

--------------

200 grand initiation fee and 14 grand a year. Wow, that's a lot of money. And those people are going to get a lot richer.

Bet they get more than 18 bucks a week.

Oh well, for that 18 bucks, I no longer need healthcare.

Nothing wrong with that statement because it's true, something we don't hear from Trump very often. There's going to be a lot of money in the hands of rich do to this law, hopefully some of it will trickle down.

Yea, well, you can always hope.

But did it trickle down with the Reagan Tax Cuts for the rich? Maybe a little.

Or the Bush Tax Cuts for the rich? OK, not so much.

And this time? A few managers get a bonus. But most corporations already said they will go for "buy backs".

So the answer is "Not so much".

And that is something that a lot of people don't understand. They are so brain washed by republican ideology they just don't listen. Just because the rich and the big corporations get a huge tax windfall does not mean they will invest it in new plants and businesses in the US creating jobs. Many large corporations will announce stock buy back programs reducing the number shares outstanding which increases earnings per share. Other businesses and individuals will invest in the faster growing areas of the world oversea. Still others will reduce debt, bank their tax savings, or buy bonds. And yes some will actually invest in business expansions in the US that will lead to more jobs. However, it is likely that those jobs will be mostly high tech jobs and jobs requiring advanced skills, which often go overseas or to imported talent.

Many large corporations will announce stock buy back programs reducing the number shares outstanding which increases earnings per share.

Bastards!
I hate it when they make my stocks go up.

It's often just a ploy to boost earnings/share and, even worse, a signal that the company has run out of good ideas that actual increase the company's total earnings.

 

[deanrd]

President Trump tells wealthy guests at Mar-a-Lago: “You all just got a lot richer” after tax bill

President Donald Trump joined his family at their “Winter White House” for the holidays Friday night after signing the GOP tax bill into law, and reportedly told wealthy friends dining at Mar-a-Lago, “You all just got a lot richer.”

Days before heading away for the holidays, Trump told White House reporters that the tax bill would be “one of the great Christmas gifts to middle-income people.” However, Mar-a-Lago’s exclusive dinner guests would have paid a $200,000 initiation fee and $14,000 in annual dues to Trump’s golf club and resort.

Trump made the comment to friends eating dinner at a nearby table, two of whom spoke of the encounter with CBS News.

--------------

200 grand initiation fee and 14 grand a year. Wow, that's a lot of money. And those people are going to get a lot richer.

Bet they get more than 18 bucks a week.

Oh well, for that 18 bucks, I no longer need healthcare.

Nothing wrong with that statement because it's true, something we don't hear from Trump very often. There's going to be a lot of money in the hands of rich do to this law, hopefully some of it will trickle down.

Yea, well, you can always hope.

But did it trickle down with the Reagan Tax Cuts for the rich? Maybe a little.

Or the Bush Tax Cuts for the rich? OK, not so much.

And this time? A few managers get a bonus. But most corporations already said they will go for "buy backs".

So the answer is "Not so much".

And that is something that a lot of people don't understand. They are so brain washed by republican ideology they just don't listen. Just because the rich and the big corporations get a huge tax windfall does not mean they will invest it in new plants and businesses in the US creating jobs. Many large corporations will announce stock buy back programs reducing the number shares outstanding which increases earnings per share. Other businesses and individuals will invest in the faster growing areas of the world oversea. Still others will reduce debt, bank their tax savings, or buy bonds. And yes some will actually invest in business expansions in the US that will lead to more jobs. However, it is likely that those jobs will be mostly high tech jobs and jobs requiring advanced skills, which often go overseas or to imported talent.

Many large corporations will announce stock buy back programs reducing the number shares outstanding which increases earnings per share.

Bastards!
I hate it when they make my stocks go up.

Do you own any stocks at all?

 

[deanrd]

President Trump tells wealthy guests at Mar-a-Lago: “You all just got a lot richer” after tax bill

President Donald Trump joined his family at their “Winter White House” for the holidays Friday night after signing the GOP tax bill into law, and reportedly told wealthy friends dining at Mar-a-Lago, “You all just got a lot richer.”

Days before heading away for the holidays, Trump told White House reporters that the tax bill would be “one of the great Christmas gifts to middle-income people.” However, Mar-a-Lago’s exclusive dinner guests would have paid a $200,000 initiation fee and $14,000 in annual dues to Trump’s golf club and resort.

Trump made the comment to friends eating dinner at a nearby table, two of whom spoke of the encounter with CBS News.

--------------

200 grand initiation fee and 14 grand a year. Wow, that's a lot of money. And those people are going to get a lot richer.

Bet they get more than 18 bucks a week.

Oh well, for that 18 bucks, I no longer need healthcare.

Nothing wrong with that statement because it's true, something we don't hear from Trump very often. There's going to be a lot of money in the hands of rich do to this law, hopefully some of it will trickle down.

Yea, well, you can always hope.

But did it trickle down with the Reagan Tax Cuts for the rich? Maybe a little.

Or the Bush Tax Cuts for the rich? OK, not so much.

And this time? A few managers get a bonus. But most corporations already said they will go for "buy backs".

So the answer is "Not so much".

But did it trickle down with the Reagan Tax Cuts for the rich?

View attachment 168040

View attachment 168042
U.S. Federal Individual Income Tax Rates History, 1862-2013 (Nominal and Inflation-Adjusted Brackets) - Tax Foundation

As you can see, Reagan cut taxes for everybody.....well, someone smarter than you can see.....

You miss the point. Reagan cut taxes for everybody. The Republican tax bill does not do that. Even McConnell admits some middle class people will see their tax bills go up.

You miss the point. Reagan cut taxes for everybody.

Tell Dean, that moron thinks Reagan only cut taxes for the rich.

The Republican tax bill does not do that.

Right, only 80% of people.

Even McConnell admits some middle class people will see their tax bills go up.

Link?

Why do you always need to be spoon fed. It doesn't do any good. You always end up just repeating Trump's bullsh!t.

Senate Plan Could Increase Taxes on Some Middle-Class Workers

McConnell its impossible to guarantee tax cut will go to entire middle class

McConnell some taxes will go up on middle class

 

[AvgGuyIA]

President Trump tells wealthy guests at Mar-a-Lago: “You all just got a lot richer” after tax bill

President Donald Trump joined his family at their “Winter White House” for the holidays Friday night after signing the GOP tax bill into law, and reportedly told wealthy friends dining at Mar-a-Lago, “You all just got a lot richer.”

Days before heading away for the holidays, Trump told White House reporters that the tax bill would be “one of the great Christmas gifts to middle-income people.” However, Mar-a-Lago’s exclusive dinner guests would have paid a $200,000 initiation fee and $14,000 in annual dues to Trump’s golf club and resort.

Trump made the comment to friends eating dinner at a nearby table, two of whom spoke of the encounter with CBS News.

--------------

200 grand initiation fee and 14 grand a year. Wow, that's a lot of money. And those people are going to get a lot richer.

Bet they get more than 18 bucks a week.

Oh well, for that 18 bucks, I no longer need healthcare.

. Since the top rate didn't change prove your statement.

 

[deanrd]

President Trump tells wealthy guests at Mar-a-Lago: “You all just got a lot richer” after tax bill

President Donald Trump joined his family at their “Winter White House” for the holidays Friday night after signing the GOP tax bill into law, and reportedly told wealthy friends dining at Mar-a-Lago, “You all just got a lot richer.”

Days before heading away for the holidays, Trump told White House reporters that the tax bill would be “one of the great Christmas gifts to middle-income people.” However, Mar-a-Lago’s exclusive dinner guests would have paid a $200,000 initiation fee and $14,000 in annual dues to Trump’s golf club and resort.

Trump made the comment to friends eating dinner at a nearby table, two of whom spoke of the encounter with CBS News.

--------------

200 grand initiation fee and 14 grand a year. Wow, that's a lot of money. And those people are going to get a lot richer.

Bet they get more than 18 bucks a week.

Oh well, for that 18 bucks, I no longer need healthcare.

. Since the top rate didn't change prove your statement.

Which one?

 

[Toddsterpatriot]

President Trump tells wealthy guests at Mar-a-Lago: “You all just got a lot richer” after tax bill

President Donald Trump joined his family at their “Winter White House” for the holidays Friday night after signing the GOP tax bill into law, and reportedly told wealthy friends dining at Mar-a-Lago, “You all just got a lot richer.”

Days before heading away for the holidays, Trump told White House reporters that the tax bill would be “one of the great Christmas gifts to middle-income people.” However, Mar-a-Lago’s exclusive dinner guests would have paid a $200,000 initiation fee and $14,000 in annual dues to Trump’s golf club and resort.

Trump made the comment to friends eating dinner at a nearby table, two of whom spoke of the encounter with CBS News.

--------------

200 grand initiation fee and 14 grand a year. Wow, that's a lot of money. And those people are going to get a lot richer.

Bet they get more than 18 bucks a week.

Oh well, for that 18 bucks, I no longer need healthcare.

Nothing wrong with that statement because it's true, something we don't hear from Trump very often. There's going to be a lot of money in the hands of rich do to this law, hopefully some of it will trickle down.

Yea, well, you can always hope.

But did it trickle down with the Reagan Tax Cuts for the rich? Maybe a little.

Or the Bush Tax Cuts for the rich? OK, not so much.

And this time? A few managers get a bonus. But most corporations already said they will go for "buy backs".

So the answer is "Not so much".

And that is something that a lot of people don't understand. They are so brain washed by republican ideology they just don't listen. Just because the rich and the big corporations get a huge tax windfall does not mean they will invest it in new plants and businesses in the US creating jobs. Many large corporations will announce stock buy back programs reducing the number shares outstanding which increases earnings per share. Other businesses and individuals will invest in the faster growing areas of the world oversea. Still others will reduce debt, bank their tax savings, or buy bonds. And yes some will actually invest in business expansions in the US that will lead to more jobs. However, it is likely that those jobs will be mostly high tech jobs and jobs requiring advanced skills, which often go overseas or to imported talent.

Many large corporations will announce stock buy back programs reducing the number shares outstanding which increases earnings per share.

Bastards!
I hate it when they make my stocks go up.

It's often just a ploy to boost earnings/share and, even worse, a signal that the company has run out of good ideas that actual increase the company's total earnings.

It's often just a ploy to boost earnings/share

Yeah, ploys that make the price go up are awful.........

 

[Toddsterpatriot]

President Trump tells wealthy guests at Mar-a-Lago: “You all just got a lot richer” after tax bill

President Donald Trump joined his family at their “Winter White House” for the holidays Friday night after signing the GOP tax bill into law, and reportedly told wealthy friends dining at Mar-a-Lago, “You all just got a lot richer.”

Days before heading away for the holidays, Trump told White House reporters that the tax bill would be “one of the great Christmas gifts to middle-income people.” However, Mar-a-Lago’s exclusive dinner guests would have paid a $200,000 initiation fee and $14,000 in annual dues to Trump’s golf club and resort.

Trump made the comment to friends eating dinner at a nearby table, two of whom spoke of the encounter with CBS News.

--------------

200 grand initiation fee and 14 grand a year. Wow, that's a lot of money. And those people are going to get a lot richer.

Bet they get more than 18 bucks a week.

Oh well, for that 18 bucks, I no longer need healthcare.

Nothing wrong with that statement because it's true, something we don't hear from Trump very often. There's going to be a lot of money in the hands of rich do to this law, hopefully some of it will trickle down.

Yea, well, you can always hope.

But did it trickle down with the Reagan Tax Cuts for the rich? Maybe a little.

Or the Bush Tax Cuts for the rich? OK, not so much.

And this time? A few managers get a bonus. But most corporations already said they will go for "buy backs".

So the answer is "Not so much".

And that is something that a lot of people don't understand. They are so brain washed by republican ideology they just don't listen. Just because the rich and the big corporations get a huge tax windfall does not mean they will invest it in new plants and businesses in the US creating jobs. Many large corporations will announce stock buy back programs reducing the number shares outstanding which increases earnings per share. Other businesses and individuals will invest in the faster growing areas of the world oversea. Still others will reduce debt, bank their tax savings, or buy bonds. And yes some will actually invest in business expansions in the US that will lead to more jobs. However, it is likely that those jobs will be mostly high tech jobs and jobs requiring advanced skills, which often go overseas or to imported talent.

Many large corporations will announce stock buy back programs reducing the number shares outstanding which increases earnings per share.

Bastards!
I hate it when they make my stocks go up.

Do you own any stocks at all?

Yes. I hear this tax bill is going to lead to buybacks and higher dividends.

 

[Toddsterpatriot]

Nothing wrong with that statement because it's true, something we don't hear from Trump very often. There's going to be a lot of money in the hands of rich do to this law, hopefully some of it will trickle down.

Yea, well, you can always hope.

But did it trickle down with the Reagan Tax Cuts for the rich? Maybe a little.

Or the Bush Tax Cuts for the rich? OK, not so much.

And this time? A few managers get a bonus. But most corporations already said they will go for "buy backs".

So the answer is "Not so much".

But did it trickle down with the Reagan Tax Cuts for the rich?

View attachment 168040

View attachment 168042
U.S. Federal Individual Income Tax Rates History, 1862-2013 (Nominal and Inflation-Adjusted Brackets) - Tax Foundation

As you can see, Reagan cut taxes for everybody.....well, someone smarter than you can see.....

You miss the point. Reagan cut taxes for everybody. The Republican tax bill does not do that. Even McConnell admits some middle class people will see their tax bills go up.

You miss the point. Reagan cut taxes for everybody.

Tell Dean, that moron thinks Reagan only cut taxes for the rich.

The Republican tax bill does not do that.

Right, only 80% of people.

Even McConnell admits some middle class people will see their tax bills go up.

Link?

Why do you always need to be spoon fed. It doesn't do any good. You always end up just repeating Trump's bullsh!t.

Senate Plan Could Increase Taxes on Some Middle-Class Workers

McConnell its impossible to guarantee tax cut will go to entire middle class

McConnell some taxes will go up on middle class

“You can’t craft any bill that would guarantee no one was in a special category that might get a tax increase,” he said. “What I can tell you is that every segment of taxpayers, every category of taxpayers on average gets significant relief.”

Sounds good to me.

How large were the tax cuts that Dems didn't give to anybody?