Trump Wants No Tax For Americans Making Less Than $150,000 A Year

[Care4all]

No you moron but increasing the corporate tax will.

So the mega colossal corporate tax cut Trump gave corporations, doesn't help the rest of us consumers and tax payers, one itty bitty bit....Okee Dokee!

 

[ThunderKiss1965]

So the mega colossal corporate tax cut Trump gave corporations, doesn't help the rest of us consumers and tax payers, one itty bitty bit....Okee Dokee!

It doesn't cause the prices of goods and service to increase or companies moving their manufacturing to other countries. Raise the corporate tax and both of those will happen.

Giving these companies a reason to stay in the US and employee US citizens is a good thing. You idiot's actually believe your "sticking it to the man" by raising corporate taxes.

 

[Care4all]

It doesn't cause the prices of goods and service to increase or companies moving their manufacturing to other countries. Raise the corporate tax and both of those will happen.

Giving these companies a reason to stay in the US and employee US citizens is a good thing. You idiot's actually believe your "sticking it to the man" by raising corporate taxes.

Prove it, please! Show the statistics that proves your claim....that I highlighted in bold.

Corporate tax rates did not cause the mass exodus of US manufacturing....it was LABOR costs, from what I've read on it?


Also, are you agreeing that tariff levies are paid by consumers, the extra tariff taxes on the products will be paid by us through higher retail prices?

 

[AntonToo]

How do you know that they looked at NASA or DOD spending involving orbital launch services yet?

....you asking me if a guy that runs SpaceX as looked into spending on orbital launch services?

I'm sure he has and conluded THAT NOT ENOUGH IS BEING SPENT ON HIS PERSONAL COMPANIES.

This crazy arrangement is ripe for self dealing and you'd be screaming your lungs out protesting if Democrat admin was doing shit like this.

 

[M14 Shooter]

If we pay the corporate tax and they were given humongous tax cuts.....why didn't it trickle down to the price of goods we pay???

Simple: Corporations invest the tax savings to create growth in the company.
Who gave you the absurd notion that corporate tax cuts were intended to, and would result in, corporations lowering their prices?

 

[Toddsterpatriot]

....you asking me if a guy that runs SpaceX as looked into spending on orbital launch services?

I'm sure he has and conluded THAT NOT ENOUGH IS BEING SPENT ON HIS PERSONAL COMPANIES.

This crazy arrangement is ripe for self dealing and you'd be screaming your lungs out protesting if Democrat admin was doing shit like this.

you asking me

No, I'm responding to stupid whining about Musk looking at wasteful spending.

Yeah, a Dem administration actually cutting spending. Hilarious!

 

[Toddsterpatriot]

That's why you abolish all deductions in all forms. Corporations get away with not paying taxes because of loopholes in the form of deductions and exemptions. Abolish those znd they have to pa. If they refuse, throw their executives on prison and seize all their assets.

Corporations get away with not paying taxes because of loopholes in the form of deductions and exemptions.

Like deducting salary and other business expenses?

 

[Toddsterpatriot]

So the mega colossal corporate tax cut Trump gave corporations, doesn't help the rest of us consumers and tax payers, one itty bitty bit....Okee Dokee!

It helped me. More profits, more dividends, more stock buybacks.
Fewer corporations moving their HQ was nice too.
It's stupid having the highest corporate tax rate in the world.

 

[Care4all]

Simple: Corporations invest the tax savings to create growth in the company.
Who gave you the absurd notion that corporate tax cuts were intended to, and would result in, corporations lowering their prices?

Everyone who claims that we the consumer pays the corporate tax because it is incorporated by the business in to the the retail pricing, that we pay at the register.

If it is the case that when taxes go up, so does the retail price for us due to their retail mark up business plan that covers the tax expense, then accordingly, if the taxes go down through a tax cut, the retail price should go down based on the same pre-planned retail mark up formula percentage....

 

[AntonToo]

you asking me

No, I'm responding to stupid whining about Musk looking at wasteful spending.

Yeah, a Dem administration actually cutting spending. Hilarious!

“Looking at”????

Come on, you have got to know how full of shit you sound.

 

[Toddsterpatriot]

“Looking at”????

Come on, you have got to know how full of shit you sound.

You should whine some more.

 

[Jim H - VA USA]

tAx cuTS fOr hiS biLLioNaiRE friENds!!

Yeah, the Leftist narrative is that he wants to give tax cuts to billionaires.

In reality, he wants no tax on tips, no tax on social security, no tax on low income. Those don't benefit billionaires.

 

[Lisa558]

Yeah, the Leftist narrative is that he wants to give tax cuts to billionaires.

In reality, he wants no tax on tips, no tax on social security, no tax on low income. Those don't benefit billionaires.

Yup. It would help the working class and the elderly - two of the most vulnerable and/or needy populations - yet the Dema will fight it tooth and nail simply to keep Trump from getting a win.

 

[Care4all]

It helped me. More profits, more dividends, more stock buybacks.
Fewer corporations moving their HQ was nice too.
It's stupid having the highest corporate tax rate in the world.

It's a LIE if you are implying the U.S. has the highest net corporate tax rate in the world!

 

[Lisa558]

It's a LIE if you are implying the U.S. has the highest net corporate tax rate in the world!

Before Trump brought the corporate tax rate in line, we were the fourth highest in the world. Now we are in the middle.

How Does The United States’ Corporate Tax Rate Compare To Other Countries? - The Metals Service Center Institute

www.msci.org

 

[Care4all]

Before Trump brought the corporate tax rate in line, we were the fourth highest in the world. Now we are in the middle.

How Does The United States’ Corporate Tax Rate Compare To Other Countries? - The Metals Service Center Institute

www.msci.org

No, we were not the 4th highest in the world in our EFFECTIVE tax rate.

The statutory rate is always high, but with all the tax breaks, standard deductions and write offs we give corporations, gives corporations a much lower EFFECTIVE corporate tax rate.

When 39% was the high statutory rate on paper, 4th highest,the actual average corporate tax paid by them was 16%.

Now, after dropping to a 21% statutory nominal rate, corporations actual effective tax rate that they pay, is around 9%, with 25%-40% of big corporations paying no tax at all.

 

[Lisa558]

No, we were not the 4th highest in the world in our EFFECTIVE tax rate.

The statutory rate is always high, but with all the tax breaks, standard deductions and write offs we give corporations, gives corporations a much lower EFFECTIVE corporate tax rate.

When 39% was the high statutory rate on paper, 4th highest,the actual average corporate tax paid by them was 16%.

Now, after dropping to a 21% statutory nominal rate, corporations actual effective tax rate that they pay, is around 9%, with 25%-40% of big corporations paying no tax at all.

Effective tax rates include deductions for business expenses, including employee compensation.

You think a business with $3 million in revenue and $500,000 left in profit after buying new equipment, paying rent, paying salaries and benefits, hiring more people as the company grows, paying subcontractors, etc., should have to pay tax on a $3 million income?

Leftists really shouldn’t talk about things they’re clueless about.

 

[Jim H - VA USA]

It's a LIE if you are implying the U.S. has the highest net corporate tax rate in the world!

Was the highest, or nearly the highest, until 2017...

How the U.S. Corporate Tax Rate Compares to the Rest of the World

Most countries tax some form of corporate income. However, the rates differ around the world, ranging from 0% in Bermuda to 55% in United Arab Emirates. The rest of the world, of course, falls somewhere in between. The GDP-weighted worldwide average is just under 30 percent. With most countries...

taxfoundation.org

Interestingly, after the Trump tax cuts were passed one Dec 19th, 2017 Treasury receipts soared 24% in the following three years during Trump's term. [Source link]

 

[ThunderKiss1965]

....you asking me if a guy that runs SpaceX as looked into spending on orbital launch services?

I'm sure he has and conluded THAT NOT ENOUGH IS BEING SPENT ON HIS PERSONAL COMPANIES.

This crazy arrangement is ripe for self dealing and you'd be screaming your lungs out protesting if Democrat admin was doing shit like this.

The Space Shuttle cost $20,000 per pound to launch into orbit. After the Obama administration canceled the program the US paid the Russians over 3 billion to catch rides on their rockets. SpaceX launches for $1500 per pound and that price will drop more once the Starship starts carrying cargo and astronauts.

 

[Synthaholic]

I would rather see a flat tax on personal income and a flat tax on corporate income with no deductions, but this would certainly be better than the current code and I would support it, but don't hold your breath. It's unlikely to happen. If it's actually proposed, it will be interesting to see who stands against it and why.

You could have saved time by just posting this in my SUCKERS! thread.