Trump's Tax Plan Will Pay for Itself

[NYcarbineer]

When did you stop wanting to balance the budget?

Balance it?!? I want a surplus to pay off the debt. Let's start right now by cutting $1 trillion in illegal/unconstitutional socialist spending. Agreed?

No?!? Yeah...didn't think so.

You hate the U.S. - you're not the least bit interested in doing anything for your country. You're only interested in bashing all things right-wing.

There is no unconstitutional spending.

 

[Hutch Starskey]

Republicans: cuts to the rich will benefit everyone!

Common sense: that's only if the weathly reinvest

Republicans: they will

Common sense: they won't




Donald trump: you can never be too greedy

What do you think business owners and the rich do with their money, genius? Mark Steyn points out that people like you think the rich put their gold coins in a warehouse and sit there all day moving it around with a bulldozer....vs . the reality where they expand their business, open new ones and create new and unique products that we want and need......

the reality where they expand their business, open new ones and create new and unique products that we want and need.....

Only if there is demand to do so.
Demand comes from people lining up with cash in hand to buy from you.

The smart growth play is to put the cash in the hands of the consumers rather than the producers.

 

[Hutch Starskey]

The working class are the consumers. We need to stop choking them.

Consumers are irrelevant. We can sell to anyone all over the world. Jobs are what matter. And corporations create jobs. We need to stop choking them.

Consumers are irrelevant

^That is some ignorant shit.

 

[Hutch Starskey]

Yes dummy it ABSOLUTELY HAS A COST

No, stupid, it doesn't. That's ignorant left-wing propaganda that you're actually dumb enough to buy into.

If we reduced taxes to a grand total of $1 but spent $0 - would there be a deficit? Cost, debt, deficit, etc. can only come from spending, you dimwit. Good grief, what grade did you drop out of school?!?

Trump has proposed trillions in new spending, dope.

Yep...proof that he's a life-long libtard. But...he's also proposing significant cuts too. Something Barack Obama and the Dumbocrats never did.

That's not what you said though.

If we reduced taxes to a grand total of $1 but spent $0 - would there be a deficit?

 

[Mikeoxenormous]

Tax cuts do not have to pay for themselves since they cost nothing to begin with

Again this retard line from a conservative.

Yes dummy it ABSOLUTELY HAS A COST: revenue reduction and increase in deficits and debt.

Why cant you ******* stupid liberals(I know redundant statement) ever consider a REDUCTION OF GOVERNMENT SPENDING? Oh yeah, I forgot.

Moonbattery: Psychiatrist Confirms: Liberalism Is a Mental Disorder

Based on strikingly irrational beliefs and emotions, modern liberals relentlessly undermine the most important principles on which our freedoms were founded. Like spoiled, angry children, they rebel against the normal responsibilities of adulthood and demand that a parental government meet their needs from cradle to grave.

 

[vlad_hombre]

Republicans: cuts to the rich will benefit everyone!

Common sense: that's only if the weathly reinvest

Republicans: they will

Common sense: they won't




Donald trump: you can never be too greedy

What do you think business owners and the rich do with their money, genius? Mark Steyn points out that people like you think the rich put their gold coins in a warehouse and sit there all day moving it around with a bulldozer....vs . the reality where they expand their business, open new ones and create new and unique products that we want and need......

To get this through the reconciliation process, the tax cuts would have to sunset in two years, not ten.

Businesses won't plan or invest on that time frame.

It's a giveaway, for which we will see zero return ...

... and, you've been played again.

Rube.

 

[Mikeoxenormous]

Republicans: cuts to the rich will benefit everyone!

Common sense: that's only if the weathly reinvest

Republicans: they will

Common sense: they won't




Donald trump: you can never be too greedy

What do you think business owners and the rich do with their money, genius? Mark Steyn points out that people like you think the rich put their gold coins in a warehouse and sit there all day moving it around with a bulldozer....vs . the reality where they expand their business, open new ones and create new and unique products that we want and need......

To get this through the reconciliation process, the tax cuts would have to sunset in two years, not ten.

Businesses won't plan or invest on that time frame.

It's a giveaway, for which we will see zero return ...

... and, you've been played again.

Rube.

It has been a give away since LBJ had his war on poverty and YES there has been Zero(0) return. At least when Clinton signed the contract with America that Newt created, shit **** liberals could only stay on Welfare for 2 years then had to work. Thanks to Obummer, he stopped that shit, and made it Welfare for ever. Yep Obummer is the welfare president.

War on poverty cost
The War on Poverty has cost $22 trillion -- three times more than what the government has spent on all wars in American history. Federal and state governments spend $1 trillion in taxpayer dollars on America's 80 means-tested welfare programs annually.
The War on Poverty Has Cost $22 Trillion - NCPA
ncpa.org/sub/dpd/index.php?article_id=25288

 

[Rambunctious]

Just by my first glance at this bill, I'm going to be able to pocket an extra 11,000 dollars next year! WHOOOOO HOOOOOO GO TRUMP! YES! YES! YES!

 

[Rambunctious]

 

[BuckToothMoron]

But hey those huge corporations need their welfare. Amirite?

Uh...no. No, you are not right. It's not "welfare" to allow someone to keep what was already theirs to begin with.

1 in 4 large corporations pay zero in taxes. They're keeping what's ours.

Actually the number is 1 in 5, but no big deal, I get your point.
20% of big companies pay zero corporate taxes

Where you lost me however is when you said "They're keeping what's ours". Why is what a corporation earns yours? I guess if we extend your "logic" then 45% of Americans who pay zero in income tax are keeping your money too. You really want to put that out there?

45% of Americans pay no federal income tax

 

[BuckToothMoron]

But hey those huge corporations need their welfare. Amirite?

Uh...no. No, you are not right. It's not "welfare" to allow someone to keep what was already theirs to begin with.

1 in 4 large corporations pay zero in taxes. They're keeping what's ours.

I am sure that is way more than 1 in 4.

Actually it's less, 1 in 5. Have you heard of a search engine?

20% of big companies pay zero corporate taxes

 

[vlad_hombre]

Yowza!

Maybe, not so much ....

Fiscal FactCheck: How Much Will Trump's Tax Plan Cost?

Tax cuts create revenue, they don't decrease revenue......the explosion in businesses expanding and new businesses opening is going to be huge.......more jobs, more tax payers more money to the federal government.....

So you've been believing that since Reagan?

The whole point of the Reagan Revolution was that tax cuts matter more than deficits.

Any Republicans who want to wring their hands over deficits should be laughed out of the room after Dubya's tax cuts and now this monstrosity.

The deficit is just a tool with which to attack social welfare programs.

Nothing more.

 

[2aguy]

Republicans: cuts to the rich will benefit everyone!

Common sense: that's only if the weathly reinvest

Republicans: they will

Common sense: they won't




Donald trump: you can never be too greedy

What do you think business owners and the rich do with their money, genius? Mark Steyn points out that people like you think the rich put their gold coins in a warehouse and sit there all day moving it around with a bulldozer....vs . the reality where they expand their business, open new ones and create new and unique products that we want and need......

the reality where they expand their business, open new ones and create new and unique products that we want and need.....

Only if there is demand to do so.
Demand comes from people lining up with cash in hand to buy from you.

The smart growth play is to put the cash in the hands of the consumers rather than the producers.

No...the smart plan is to cut taxes for everyone.....so that businesses can invent and create new products that people decide they want...and with their own tax cuts they have the money to buy them, using the newly created jobs they get from the businesses creating more jobs to earn the income to provide for their families...

 

[BuckToothMoron]

1 in 4 large corporations pay zero in taxes. They're keeping what's ours.

That's not "yours". You're not entitled to it. If they aren't paying any taxes - there is a reason for it. They don't make enough money. Or they have enough deductions. Or they conduct business overseas. The list goes on and on. If the IRS didn't bring them down (and they would) then those "1-in-4 corporations" are completely compliant with the U.S. tax code, snowflake.

Oh they don't make enough money
So why are people making minimum wage paying their fair share in taxes? They barely make a living wage.

You need to define "fair share". Minimum wage earners are likely not paying any income tax considering 45% of Americans pay zero income tax. I guess if you assume zero is their fair share, then yep, they're paying it.

 

[Dschrute3]

I don't know, big tax cuts at a time we're $20 Trillion in Debt and about to spend a $Trillion on 'Infrastructure.' I would think the Government needs more revenue, not less.

 

[vlad_hombre]

Just by my first glance at this bill, I'm going to be able to pocket an extra 11,000 dollars next year! WHOOOOO HOOOOOO GO TRUMP! YES! YES! YES!

I didn't see anything about double-wides in that plan.

 

[Vandalshandle]

I can afford to be amused about the Trump tax reduction, since it is DOA, anyway. Not only does it dramatically increase the deficit, it does not even lower the taxes on the middle class, which was about 50% of the reason for tax reform. Meantime, it decreases tax for the rich. The part that is most amusing is the elimination of deductions on state and local taxes. Put another way, if I spend $1,000 on my property tax, I will have to spend another $250 on federal taxes on that $1,000 that I wasn't even able to keep. Then, there is the part about lowering corporate taxes, in order to create jobs. That would make sense if corporations were taxed on gross revenues. Somehow, the geniuses that wrote this thing seem to have lost sight of the the fact that only corporation net profits are taxed. Consequently, the higher the corporate tax rate, the more incentive the corporation has to invest money into R&D and business expansion, which is all deductible.

 

[BuckToothMoron]

1 in 4 large corporations pay zero in taxes. They're keeping what's ours.

That's not "yours". You're not entitled to it. If they aren't paying any taxes - there is a reason for it. They don't make enough money. Or they have enough deductions. Or they conduct business overseas. The list goes on and on. If the IRS didn't bring them down (and they would) then those "1-in-4 corporations" are completely compliant with the U.S. tax code, snowflake.

Oh they don't make enough money
So why are people making minimum wage paying their fair share in taxes? They barely make a living wage.

Because they make enough money according to the U.S. tax code. This is not difficult - why are you struggling with it so much?

Those corporations are fully compliant or the IRS would take them down. That's an indisputable fact.

I'm struggling with it because it's wrong. They don't make enough money. Corporations bringing in millions and receiving the highest tax breaks while a single mom working for 9$ an hour is paying taxes out of her 250 checks. It's not right.

Reality check - single mom making $9/hr is not paying federal income tax. If she works 2000 hours per year, total income is $18,000, less standard deductions and exemptions will put her well below the threshold.

 

[BuckToothMoron]

Uh...no. No, you are not right. It's not "welfare" to allow someone to keep what was already theirs to begin with.

No shitface, it was never theirs to begin with, it was ours. remember how you tell us that corporations charge us for their taxes, and that we pay them?

This is BS, corporation profits is theirs not ours. You are correct though that their taxes are part of the costs of doing business and are reflected in the price of their goods and services. Which means lowering their taxes results in lower prices for us and that means our standard of living is higher and that means the economy grows more and creates more jobs.

This is BS, corporation profits is theirs not ours. You are correct though that their taxes are part of the costs of doing business


So are taxes theirs or are they a part of doing business?? Which is it

The money they use to pay their taxes comes from their revenues; it is their money that we gave them in return for their goods and services. And taxes are indeed an expense of doing business.

The only tax reform I can support is one that closes loopholes, makes the 1% responsible for their fair share, and lessens the burden on the working class. Trump can't do that so I can't support him.

Please define "fair share". How much should they pay? Give real numbers, I mean if you can.

Top 1% pay nearly half of federal income taxes
According to a projection from the non-partisan Tax Policy Center, the top 1 percent of Americans will pay 45.7 percent of the individual income taxes in 2014—up from 43 percent in 2013 and 40 percent in 2012 (the oldest period available). (Tweet this)

The bottom 80 percent of Americans are expected to pay 15 percent of all federal income taxes in 2014, according to the study. The bottom 60 percent are expected to pay less than 2 percent of federal income taxes.

 

[bendog]

I can afford to be amused about the Trump tax reduction, since it is DOA, anyway. Not only does it dramatically increase the deficit, it does not even lower the taxes on the middle class, which was about 50% of the reason for tax reform. Meantime, it decreases tax for the rich. The part that is most amusing is the elimination of deductions on state and local taxes. Put another way, if I spend $1,000 on my property tax, I will have to spend another $250 on federal taxes on that $1,000 that I wasn't even able to keep. Then, there is the part about lowering corporate taxes, in order to create jobs. That would make sense if corporations were taxed on gross revenues. Somehow, the geniuses that wrote this thing seem to have lost sight of the the fact that only corporation net profits are taxed. Consequently, the higher the corporate tax rate, the more incentive the corporation has to invest money into R&D and business expansion, which is all deductible.

They didn't lose sight of anything. They wanted to give tax breaks to the 1%.