Wealthy Republican Congressmen vote to slash their own taxes

[Toddsterpatriot]

Liz Warren voted against slashing her own taxes
Donald Trump and his family will make billions off of the tax cuts


Will come in handy in the 2020 election

You do know people work right?


Wait till they see their check stubs in January...

Yep, they'll be able to get a new set of tires in about six months. What a boon!

I didn't see the Dems cutting my taxes.........

I'm still waiting for my tires from Clinton's 1993 middle class tax cut. What an asshole!

The Dems would try to get you higher wages not throw you a $1000 bone.

Clinton raised my taxes in 1993, after lying in the campaign about giving me a tax cut.

What a lying asshole.

 

[Toddsterpatriot]

Are you whining about corporations deducting business expenses? LOL!

Not at all, dope.

By all means, explain why the effective corporate rate is less than 35%, and why the reasons for that lower rate should be disallowed.

explain why the effective corporate rate is less than 35%

By definition, the effective tax rate must be less than the statutory rate of 35%, dope.

I'm not opposed to a lower rate. I'm opposed to the current plan. There should have been concessions made by corps and loopholes should have been closed.

Great, so what makes the effective rate too low for your liking?
Which of the factors that lowers it should be eliminated?
Be specific.

Again, for a third time, I never said the effective rate was too low, dope.

Oh, you were whining about it being lower than 35% for no reason.......

 

[Hutch Starskey]

There won't be any significant growth.

So, if there is no significant growth, what will happen if the tax rate stays the same or increases? Will there be more growth?

Better that our fat-assed Fedzilla government suck up all that money and use it to pay off Iran and throw money at other countries to not blow up their neighbors, right?

We should throw all that money at people to allow them to sit home and do nothing?

No, if growth is the goal, the investment should be where the return is highest. There were no requirements for investment in growth in the legislation.

How could there be, you do realize we are not a socialist country right?

How could there be?

Because legislators write laws.

 

[Hutch Starskey]

Businesses don't expand because they have cash, they expand because there is demand to do so.

You are taking the position that the ONLY reason businesses will decide whether to expand is because of demand? Forget having the money to do so or having the extra money to be willing to take the risk?


There could be all the demand in the world, but if there is no cash, the business is less likely to expand.


Who is taking the simplistic view now?

No, I've told you already, dope.

Your premise that all businesses are handicapped by the current rate.

What is a "handicap"? This is total bullshit.

Unless the tax rate is ZERO, all businesses will be handicapped by the current rate. You are making no sense.

less money = fewer options/opportunities

You are telling me that taking home $200,000 v. $220,000 is NO DIFFERENT?

American business is flush with cash already. Businesses aren't currently failing.

Whirlpool isn't going to build a new plant producing appliances if their inventory is full just because they have the cash to do so.

American business is flush with cash already.

Like they were reluctant to invest after 8 years of Obama and Clinton expected to win........

Whirlpool isn't going to build a new plant producing appliances

They're more likely to do it today, with 100% immediate expensing.

Why would whirlpool build a plant when their inventory is full? Who's buying?

The Fortune 500 posted record profits nearly every quarter under Obama, fool.

Same old shit ever hear of quantitive easing fool?

How in the world do you apply that to corporate profits?

 

[miketx]

View attachment 166950

The person that takes those pictures abuse the kids to get them to cry.

I know your kind finds that hilarious.

The GOP Has Officially Engineered a Children’s Health-Care Crisis

That's the most pathetic crying i've yet to see from your twisted America hating mind. I have a picture I took of my daughter crying very similar to that. She was crying because her brother took her sucker away from her. Ya sorry liar.

 

[Bootney Lee Farnsworth]

No, if growth is the goal, the investment should be where the return is highest. There were no requirements for investment in growth in the legislation.

So, that's what you're bitching about.

Okay. you're actually considering the influx of cash to potentially cause expansion. That's a positive step. We're getting to the same page.

Now, consider that it may take several fiscal cycles for a business to pay off enough debts and make enough purchases for growth to manifest itself. How would you carve out eligibility for tax rate reductions? How are you going to tell a corporation how it must use its money, when each corporation is different, has different liabilities, different obligations, is under different market conditions for their particular industry, etc.

Some companies need to purchase back some of the stock because it is too watered down to be considered a wise investment, which companies need--investors. They need to increase the stock value, which will entice long-term investment, which could allow them to expand in 5 years, not just the next fiscal cycle. It's not just a greedy play. It has practical implications toward growth.

A blanket rule will be highly ineffective.

Again, corporations do not simply sit on money. It gets spent. Individuals eventually end up with that money. They don't just sit on it either.

So, you want to tell corporations how they must use the extra cash they get to keep. What if it takes a while for them to get to that point of re-investment or expansion? They don't get the tax cut? When will they EVER be able to afford it?

I have my own business. If I could hire 2 more employees, I could make a lot more money (which is taxed), and employ 2 people (who will be taxed). I could do it if I could get 4-5 years of a little extra revenue NOT going to the Federal Government. I would use it to pay off loans, which frees up monthly cash flow, which will help me make payroll for 2 new employees. Instead, that money is paying off loans that will take much longer to pay off, unless I get to keep an extra bit of my revenue.

Do you really think I am going to just spend that extra money on cigars and hooch? Maybe a little, but I am looking at how much MORE I could make by employing 2 people.

Every business person is looking at ways to increase revenues. Yes, the desire to have more profit is the motivation. Call it greed if you want. Tomato, Tomaaato.

Fear of losing everything by taking on NEW debt to hire these employees keeps me from doing it. Fear and greed are motivators. No government can control them. Human nature will never be tamed. Harness that human nature.

What I could do in 4-5 years without servicing that debt every month.


Point is -- my situation is unique. Only I know how to best use the extra cash. Nobody in Washington knows my situation. They don't know my business. They have no idea what I need to expand, but they know it takes money. Too many variables are involved to realistically legislate the use of that money.

 

[Cellblock2429]

100% of wealthy Republican Congressmen voted to slash their own taxes
100% of wealthy Democratic Congressmen voted against it

/----/ Well Sparky, the wealthy DemocRATS will get their taxes cut as well. So it was politically expedient for them to vote no. The real test will be for those DemocRAT naysayers will refuse their tax cuts.

 

[Hutch Starskey]

Yep, they'll be able to get a new set of tires in about six months. What a boon!

And your point being?

There won't be any significant growth.

Yea and Trump won't win the presidency...

Don't take my word for it. Use your brain.
If a family making $75k/yr and assume they spend it all. They then get $2k back in tax reduction and spend it. What is the percentage increase in their spending?

Let me help.

.026%

That's does nothing for growth.

If a family making $75k/yr and assume they spend it all. They then get $2k back in tax reduction and spend it. What is the percentage increase in their spending?

2/75 = 2.67% increase.................Duh

You're right. The point is still the same.

 

[Toddsterpatriot]

And your point being?

There won't be any significant growth.

Yea and Trump won't win the presidency...

Don't take my word for it. Use your brain.
If a family making $75k/yr and assume they spend it all. They then get $2k back in tax reduction and spend it. What is the percentage increase in their spending?

Let me help.

.026%

That's does nothing for growth.

And bullshit $2,000 x 80 million ,= a shit load of money back into the economy

And your point being?

There won't be any significant growth.

Yea and Trump won't win the presidency...

Don't take my word for it. Use your brain.
If a family making $75k/yr and assume they spend it all. They then get $2k back in tax reduction and spend it. What is the percentage increase in their spending?

Let me help.

.026%

That's does nothing for growth.

If a family making $75k/yr and assume they spend it all. They then get $2k back in tax reduction and spend it. What is the percentage increase in their spending?

2/75 = 2.67% increase.................Duh

You're right. The point is still the same.

That's does nothing for growth.

2.67% does nothing for growth?

 

[Hutch Starskey]

Liz Warren voted against slashing her own taxes
Donald Trump and his family will make billions off of the tax cuts


Will come in handy in the 2020 election

You do know people work right?


Wait till they see their check stubs in January...

Yep, they'll be able to get a new set of tires in about six months. What a boon!

I didn't see the Dems cutting my taxes.........

I'm still waiting for my tires from Clinton's 1993 middle class tax cut. What an asshole!

The Dems would try to get you higher wages not throw you a $1000 bone.

Wait a second that is higher wages you fool thats an extra Grand every year ..

God damn pup, Obama was the one who threw a bone with his stimulus.

I'm talking a grand/ mo.

 

[Hutch Starskey]

Not at all, dope.

By all means, explain why the effective corporate rate is less than 35%, and why the reasons for that lower rate should be disallowed.

explain why the effective corporate rate is less than 35%

By definition, the effective tax rate must be less than the statutory rate of 35%, dope.

I'm not opposed to a lower rate. I'm opposed to the current plan. There should have been concessions made by corps and loopholes should have been closed.

Great, so what makes the effective rate too low for your liking?
Which of the factors that lowers it should be eliminated?
Be specific.

Again, for a third time, I never said the effective rate was too low, dope.

Oh, you were whining about it being lower than 35% for no reason.......

I never did, dope

 

[Wyatt earp]

There won't be any significant growth.

So, if there is no significant growth, what will happen if the tax rate stays the same or increases? Will there be more growth?

Better that our fat-assed Fedzilla government suck up all that money and use it to pay off Iran and throw money at other countries to not blow up their neighbors, right?

We should throw all that money at people to allow them to sit home and do nothing?

No, if growth is the goal, the investment should be where the return is highest. There were no requirements for investment in growth in the legislation.

How could there be, you do realize we are not a socialist country right?

How could there be?

Because legislators write laws.

Ever hear of the Constitution?


You can't tell people how to spend their own money fool

Damn you really do want socialism don't you vommie boy.

 

[Wyatt earp]

You do know people work right?


Wait till they see their check stubs in January...

Yep, they'll be able to get a new set of tires in about six months. What a boon!

I didn't see the Dems cutting my taxes.........

I'm still waiting for my tires from Clinton's 1993 middle class tax cut. What an asshole!

The Dems would try to get you higher wages not throw you a $1000 bone.

Wait a second that is higher wages you fool thats an extra Grand every year ..

God damn pup, Obama was the one who threw a bone with his stimulus.

I'm talking a grand/ mo.

Gibberish, a tax cuts is a raise .

 

[Hutch Starskey]

There won't be any significant growth.

So, if there is no significant growth, what will happen if the tax rate stays the same or increases? Will there be more growth?

Better that our fat-assed Fedzilla government suck up all that money and use it to pay off Iran and throw money at other countries to not blow up their neighbors, right?

We should throw all that money at people to allow them to sit home and do nothing?

No, if growth is the goal, the investment should be where the return is highest. There were no requirements for investment in growth in the legislation.

How could there be, you do realize we are not a socialist country right?

How could there be?

Because legislators write laws.

Ever hear of the Constitution?


You can't tell people how to spend their own money fool

Damn you really do want socialism don't you vommie boy.

You certainly can tell people how to spend money. Otherwise why ***** about regulations?

 

[hadit]

100% of wealthy Republican Congressmen voted to slash their own taxes
100% of wealthy Democratic Congressmen voted against it

How is that relevant? Do not the tax laws apply to them as well?

 

[Wyatt earp]

So, if there is no significant growth, what will happen if the tax rate stays the same or increases? Will there be more growth?

Better that our fat-assed Fedzilla government suck up all that money and use it to pay off Iran and throw money at other countries to not blow up their neighbors, right?

We should throw all that money at people to allow them to sit home and do nothing?

No, if growth is the goal, the investment should be where the return is highest. There were no requirements for investment in growth in the legislation.

How could there be, you do realize we are not a socialist country right?

How could there be?

Because legislators write laws.

Ever hear of the Constitution?


You can't tell people how to spend their own money fool

Damn you really do want socialism don't you vommie boy.

You certainly can tell people how to spend money. Otherwise why ***** about regulations?

You can't tell them if we give you a tax break you must grow and give your employees raises ...how stupid is that?

 

[rightwinger]

100% of wealthy Republican Congressmen voted to slash their own taxes
100% of wealthy Democratic Congressmen voted against it

How is that relevant? Do not the tax laws apply to them as well?

Relevant to those who craft the tax laws to help their personal finances

Trump and his family will save billions.....part of making America great for the Trump bottom line

 

[Bootney Lee Farnsworth]

Relevant to those who craft the tax laws to help their finances

Trump and his family will save billions.....part of making America great for the Trump bottom line

The good news is that he help many of us in the process.





Commie

 

[Wyatt earp]

100% of wealthy Republican Congressmen voted to slash their own taxes
100% of wealthy Democratic Congressmen voted against it

How is that relevant? Do not the tax laws apply to them as well?

Relevant to those who craft the tax laws to help their personal finances

Trump and his family will save billions.....part of making America great for the Trump bottom line

Did Trump write the tax laws?

 

[Cellblock2429]

100% of wealthy Republican Congressmen voted to slash their own taxes
100% of wealthy Democratic Congressmen voted against it

How is that relevant? Do not the tax laws apply to them as well?

Relevant to those who craft the tax laws to help their personal finances

Trump and his family will save billions.....part of making America great for the Trump bottom line

/-----/ Well knowing how principled the DemocRATS are they will immediately forward their tax savings to the Treasury Dept to pay down the debt. No doubt about it.