"You people" this and "you people" that is always the response from "you people".
"You people" always inflate the numbers. Of course, I don't want certain items in the package, get it?
No, I don't. Do you support this 2 trillion bill or do you not?
I have mixed feelings. However, I believe in the covid part of it and anything that will aid the middle class, underclass, and small business. So yes.
You just need to remember, that everything that you say "will aid the middle class, under class, and small buisness"... is going to come from those people. The middle class will have to pay higher taxes. The under class will have to pay higher taxes. Small business will have to pay higher taxes.
Everyone that will benefit from this.... will also be harmed by it.
There is no free lunch. The bill has to be paid, and don't believe the mythology that "the rich will pay it"... no they won't. You will. Your kids will. Their kids will.
Not going to be the rich paying this bill. Never worked in all human history, and won't work today.
Everybody making over $400000 will get an increase and the super-wealthy will lose that huge tax reduction that Trump gave them. It will be our grandchildren
who will bear the brunt. The money for the covid is necessary no matter what.
They'll just hide their wealth like they did before.
Warren Buffet has a total salary of $100,000 a year. He's not going to pay it.
Mark Zuckerberg has a salary of $1. He's not going to pay it.
No one is.
No one.
Yeah, it will be your grand children that are going to pay half their income to fund this nonsense.
And no, it's not necessary. You are entitled to your opinion, that's fine. And we'll disagree.
But spare me this "the wealthy will lose their tax cut". The amount of money the rich paid, went up with the tax cut. It will go back down with the hike.
They are not going to pay it.
Their companies pay it, not them if they are set up the way you think. Their companies make the big bucks and pay the big tax. They take a small salary and have plenty in the bank. Normal stuff.
So you don't want to do anything with the ordinary income tax, you want to raise the corp tax rate? Because you seem to be talking about two different things. Trump's ordinary income tax cuts for all Americans, and then having companies pay taxes....
Just fyi, the companies won't pay it either....they simply will raise the price of their products or services, so the customers will pay it.
Expect higher cost for food, milk, bread, internet, cars, clothes, houses etc.....thanks for hurting the middle class
According to Biden, only those making $400000+ will lose that ridiculous tax reduction that Trump gave them. The tax cuts were invested in the stock market and not in our economy. We will get higher prices because of trade wars,
and that was a gimme. Companies simply do not raise prices because they may not be competitive. FYI
So again are you talking about the ordinary income tax, or corp taxes? Also, investing in the market....IS investing in our economy!
Yes, if you raise the corp tax rate, our businesses won't be able to be competitive with foreign businesses...I agree...further hurting the American economy.
No, investing in the stock market is NOT investing in the economy. Biden is removing that silly tax reduction from the super-wealthy because all it did was to drive up the stock market, and nothing else. Read a book
Sure it is, businesses make up the stock market....when you invest in businesses on the market, you are investing in the economy....business are the economy.
Ok then why are you asking to raise the corp tax rate? why do you want to hurt the economy?
When you invest in the stock market, you are not investing in the business. You are investing in the price of shares of the business. That, in itself, does nothing for the
strength of the business, except to raise the selling price of its shares.
You need to go to school or take a course. They teach this basic stuff in school.
The corporate tax rate was just fine when Obama left office and the economy was in recovery. All this tax reduction by Trump did was to put more money in shareholders' pockets, and they reinvested it in the stock market to make more money. They did not invest it in the economy as Trump falsely predicted, saying the 2 trillion dollar tax cut would decrease the national debt. It only served to increase the debt by 2 trillion dollars.
Trump hurt the economy because when the economy tanks, Biden will have no arrows in his quiver to deal with it because Trump unnecessarily goosed an already recovering economy with huge tax cuts for the super-wealthy, the slashing of environmental regulations, and encouraging industrial pollution for profit. you and I will feel the brunt of the collapse. It is called the "BIG PICTURE" and must be accounted for since there are unintended consequences for many actions.
No, not directly. But you are indirectly, because no one would have ever invested in the business to begin with, if the shares could not be sold.
So while your specific dollars that you buy the stock with, does not go directly to the company itself, the fact is no investment would have happened to begin with, had you not been able to purchase them.
That said, there are other ways that higher stock values, that are created by people buying their stock, does in fact benefit the company, such as in all stock transaction, generally involving the buying of other companies.
And although far more rare, sometimes companies do have followup public offerings of stock, to raise capital for expansion.
So again, while it does not directly benefit the company, it does indirectly.
The corporate tax rate was just fine when Obama left office and the economy was in recovery. All this tax reduction by Trump did was to put more money in shareholders' pockets, and they reinvested it in the stock market to make more money. They did not invest it in the economy as Trump falsely predicted, saying the 2 trillion dollar tax cut would decrease the national debt. It only served to increase the debt by 2 trillion dollars.
This is a false claim. You are just wrong on this. Many companies have moved money that was parked, or being invested outside the US, back into the US.
Additionally, you are also wrong that all the money went to shareholders. Just factually not true. Flat out, you are wrong.
And lastly, who are shareholders? We are. The vast majority of the shareholders....are us. We are the shareholders. 401k, IRAs, pensions, government funds, non-profits, and life insurance make up the bulk of shareholders. We are the shareholders.
So when you say all the money went to the shareholders... while factually wrong... it wouldn't be a negative if it was true.