Author Topic: Trump-Republican tax plan, Bad for large families  (Read 138513 times)

Offline avromie7

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Re: Trump-Republican tax plan bad for large families
« Reply #560 on: December 15, 2017, 10:08:17 AM »
As with the WH claims. That is the way it works. We have to try and figure it out for ourselves.
The difference is, the white house is truthful about the core and lies about the fluff and the media is sometimes truthful about the fluff and lies about the core of the bill.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline avromie7

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Re: Trump-Republican tax plan bad for large families
« Reply #561 on: December 15, 2017, 10:09:01 AM »
Because they are greedy. Most of them have the cash now. How will this increase wages?
The greedy people are those who expect a free handout from the government
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Offline ChaimMoskowitz

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Re: Trump-Republican tax plan bad for large families
« Reply #562 on: December 15, 2017, 10:09:30 AM »
Yes even stock buyback programs, the people who make money from the buyback programs invest that money somewhere else.
Is this the trickle down effect?  :)
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Offline ChaimMoskowitz

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Re: Trump-Republican tax plan bad for large families
« Reply #563 on: December 15, 2017, 10:11:44 AM »
The difference is, the white house is truthful about the core and lies about the fluff and the media is sometimes truthful about the fluff and lies about the core of the bill.
The core issue is this is a tax cut for the middle class. 100% lie. The middle class is getting the crumbs that fall to the floor.
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Offline ChaimMoskowitz

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Re: Trump-Republican tax plan bad for large families
« Reply #564 on: December 15, 2017, 10:12:36 AM »
The greedy people are those who expect a free handout from the government
So you honestly believe corporations are not greedy?
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Offline avromie7

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Re: Trump-Republican tax plan bad for large families
« Reply #565 on: December 15, 2017, 10:13:32 AM »
Is this the trickle down effect?  :)
Call it what you want. Historically the government will get ~19% of GDP in taxes no matter what you do to the tax code, so the best way to increase the size of the governments slice of the pie is to increase the size of the pie.
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Offline yitzf

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Re: Trump-Republican tax plan bad for large families
« Reply #566 on: December 15, 2017, 10:20:30 AM »
The Rubio thing might backfire on us now. They might pay for increasing the refundable portion by making the credit available to less people, i.e. lowering the phase out. It currently starts to phase out at 110k for MFJ and the Senate Bill upped that to 500k.

Offline ChaimMoskowitz

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Re: Trump-Republican tax plan bad for large families
« Reply #567 on: December 15, 2017, 10:23:24 AM »
Call it what you want. Historically the government will get ~19% of GDP in taxes no matter what you do to the tax code, so the best way to increase the size of the governments slice of the pie is to increase the size of the pie.
What would you call it. Of that 19% figure you use what % do corporations pay?
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Offline avromie7

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Re: Trump-Republican tax plan bad for large families
« Reply #568 on: December 15, 2017, 10:30:32 AM »
What would you call it. Of that 19% figure you use what % do corporations pay?
It makes no difference.
https://en.wikipedia.org/wiki/Hauser%27s_law
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Offline CPA

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Re: Trump-Republican tax plan bad for large families
« Reply #569 on: December 15, 2017, 10:31:16 AM »
So you honestly believe corporations are not greedy?
There is a difference between those who want to hold on to what they have worked hard for and those that don't contribute and just want to take more.

Offline skyguy918

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Re: Trump-Republican tax plan bad for large families
« Reply #570 on: December 15, 2017, 11:01:01 AM »
The fact remains that every dollar left in the economy and not taken by the government, stimulates the economy. Yes even stock buyback programs, the people who make money from the buyback programs invest that money somewhere else.
Can you explain this? How is money that is collected as tax revenue and then spent (we're running a deficit) less 'in the economy' than corporate profits?

Offline avromie7

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Re: Trump-Republican tax plan bad for large families
« Reply #571 on: December 15, 2017, 11:05:53 AM »
Can you explain this? How is money that is collected as tax revenue and then spent (we're running a deficit) less 'in the economy' than corporate profits?
I'd rather let people decide where to spend their money than leave it up to the government. People spend their money smarter than the government can, when the government spends money there is so much bloat and waste and lots of it disappears.

ETA: When we tax more, there is less motive for profit and less investment and more importantly, less smart investment because many times doing it the smartest way will result in higher taxes.
« Last Edit: December 15, 2017, 11:09:00 AM by avromie7 »
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Offline skyguy918

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Re: Trump-Republican tax plan bad for large families
« Reply #572 on: December 15, 2017, 11:11:20 AM »
I'd rather let people decide where to spend their money than leave it up to the government. People spend their money smarter than the government can, when the government spends money there is so much bloat and waste and lots of it disappears.
So then it does matter what corporations do with the additional profits. For example, if they sit on the excess cash - which, as Bloomberg pointed out, they're already doing in record amounts - that doesn't stimulate the economy.

Offline avromie7

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Re: Trump-Republican tax plan bad for large families
« Reply #573 on: December 15, 2017, 11:18:30 AM »
So then it does matter what corporations do with the additional profits. For example, if they sit on the excess cash - which, as Bloomberg pointed out, they're already doing in record amounts - that doesn't stimulate the economy.
They are not keeping cash, that money is invested and it helps fuel the economy. It's called cash / cash equivalent because it can be liquidated in a short amount of time.
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Offline yitzf

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Re: Trump-Republican tax plan bad for large families
« Reply #574 on: December 15, 2017, 11:53:22 AM »
They are not keeping cash, that money is invested and it helps fuel the economy. It's called cash / cash equivalent because it can be liquidated in a short amount of time.
They are keeping the money outside the US, it doesn't help our economy.

Offline avromie7

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Re: Trump-Republican tax plan bad for large families
« Reply #575 on: December 15, 2017, 11:56:43 AM »
They are keeping the money outside the US, it doesn't help our economy.
That proves my point, if we lower taxes in the US, they will bring more of their profits into the US.
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Offline aygart

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Re: Trump-Republican tax plan bad for large families
« Reply #576 on: December 15, 2017, 11:58:06 AM »
But plenty of it is true.
As has been noted in this thread earlier, when Bush did tax cuts 15 years ago, it didn't stimulate the economy or cause hirings. Corporations will just have more money to buy back their own stock.
There is no real way to know that. Bush took over as the dotcom bubble was about to burst. There is no way of knowing what the effects would have been without the tax cut
Feelings don't care about your facts

Offline aygart

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Re: Trump-Republican tax plan bad for large families
« Reply #577 on: December 15, 2017, 12:00:13 PM »
Because they are greedy. Most of them have the cash now. How will this increase wages?
Why wouldn't greed lead them to try and grow the business?
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Offline aygart

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Re: Trump-Republican tax plan bad for large families
« Reply #578 on: December 15, 2017, 12:02:06 PM »
They are keeping the money outside the US, it doesn't help our economy.
His do you propose to get them to bring it into the US
Feelings don't care about your facts

Offline ChaimMoskowitz

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Re: Trump-Republican tax plan bad for large families
« Reply #579 on: December 15, 2017, 12:14:37 PM »
There is a difference between those who want to hold on to what they have worked hard for and those that don't contribute and just want to take more.
Ok now can you answer the simple question?
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