GOP Tax Overhaul

[spence]

Originally Posted by Sea Dangles

Its dopey and offensive to anybody with common sense,which is why I am not surprised you consider it to be acceptable.
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I didn't say I'd support it, just that it doesn't seem like that big of a deal.
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[wdmso]

I am a simple guy poor writer and worse speller but I work pay bills and have a house and live comfortably ..

its been said by many conservatives the Government should be run as a business or as we run our households.. ok hows is this tax plan doing that?

Sure i may get a tax break of 500 or 1000 bucks . i could also switch to geico stop going to D&D and save as much ..



Republicans know poor people and the middle class drive the economy 98% of any money they get is put back into the system.. where is the rich its reverse 2% goes back the other 98% gets invested or remains as wealth passed along

so in a nut shell the government gives big business more money and the government gives the middle class some money back to give it back to the companys who just got a huge tax break . but we should be thanking Trump for this bounty?

So the government just took a $5.5 trillion in revenue loss over a decade.

this is like one of us in our house losing our job.. the out come is clear things have to go ....or worse

a business with such a reduction in revenue would more likely close

What are they going to try to Take next? the next argument will be need to balance the budget

[Jim in CT]

Originally Posted by wdmso

I am a simple guy poor writer and worse speller but I work pay bills and have a house and live comfortably ..

its been said by many conservatives the Government should be run as a business or as we run our households.. ok hows is this tax plan doing that?

Sure i may get a tax break of 500 or 1000 bucks . i could also switch to geico stop going to D&D and save as much ..



Republicans know poor people and the middle class drive the economy 98% of any money they get is put back into the system.. where is the rich its reverse 2% goes back the other 98% gets invested or remains as wealth passed along

so in a nut shell the government gives big business more money and the government gives the middle class some money back to give it back to the companys who just got a huge tax break . but we should be thanking Trump for this bounty?

So the government just took a $5.5 trillion in revenue loss over a decade.

this is like one of us in our house losing our job.. the out come is clear things have to go ....or worse

a business with such a reduction in revenue would more likely close

What are they going to try to Take next? the next argument will be need to balance the budget

Money that is invested is also “put back into” the economy. Unless you burn your money or bury it, it goes back into he economy.
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[wdmso]

Originally Posted by Jim in CT

Money that is invested is also “put back into” the economy. Unless you burn your money or bury it, it goes back into he economy.
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1000 spent and 1000 invested are not the same

[Jim in CT]

Originally Posted by wdmso

1000 spent and 1000 invested are not the same

I didn’t say they were the same. I said they are both pumped into the economy. You said wealthy people don’t use money in a way that puts it back into the economy. Unless they burn it or bury it, it goes back into the economy, and nothing in chairman Mao’s little red book can make that wrong. The economy needs people to invest, and it also needs people to spend. Both are critical.
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[Fishpart]

Originally Posted by wdmso

1000 spent and 1000 invested are not the same

Let’s talk about $1000 invested vs $1000 spent. If I invest, the $ goes against the Assets of a Company somewhere. The company I work for invests bigly in equipment and technology so they borrow money against invested assets to make that investment and pay some capital cost call it 5% so now my $1000 is doing the work of $1050. Our company pays all expenses and expects an investment to pay for itself in one year so the $1000 probably supported an employee for 100 hours (my portion of the total capital investment) at some wage; even $15/hr would mean someone else earned $1500 from y $1500. Any profit made on that asset is taxed and what is left is split up between the corporation and the investor (me) I earn since Trump took office 25% so my investment of $1000 is worth $1250 on paper, I pay 20% tax on 250 capital gain and the Government gets $50 and I net $200. So my $1000 investment “parked in the market” nets me $200, it nets the government at least $50, it nets some employee $1500, it nets a finance company $50 (which is also taxed at some level), the government confiscates (taxes) another 10% from the employee or $150, and whatever goods are produced are sold and intangibly improve someone’s life. So yes $1000 spent isn’t the same as $1000 parked in the market. Bank $50, Employee $1500, government $200+, Investor $200 Total $1950 from $1000 just sitting there doing nothing..

[wdmso]

Originally Posted by Fishpart

Let’s talk about $1000 invested vs $1000 spent. If I invest, the $ goes against the Assets of a Company somewhere. The company I work for invests bigly in equipment and technology so they borrow money against invested assets to make that investment and pay some capital cost call it 5% so now my $1000 is doing the work of $1050. Our company pays all expenses and expects an investment to pay for itself in one year so the $1000 probably supported an employee for 100 hours (my portion of the total capital investment) at some wage; even $15/hr would mean someone else earned $1500 from y $1500. Any profit made on that asset is taxed and what is left is split up between the corporation and the investor (me) I earn since Trump took office 25% so my investment of $1000 is worth $1250 on paper, I pay 20% tax on 250 capital gain and the Government gets $50 and I net $200. So my $1000 investment “parked in the market” nets me $200, it nets the government at least $50, it nets some employee $1500, it nets a finance company $50 (which is also taxed at some level), the government confiscates (taxes) another 10% from the employee or $150, and whatever goods are produced are sold and intangibly improve someone’s life. So yes $1000 spent isn’t the same as $1000 parked in the market. Bank $50, Employee $1500, government $200+, Investor $200 Total $1950 from $1000 just sitting there doing nothing..

so a 1000 invested is returning 950 dollars ???

so are you going to cover what spending 1000 does?