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| Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
01-20-2018, 12:57 PM
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#1
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Seldom Seen
Join Date: May 2001
Posts: 10,404
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[QUOTE=Jim in CT;1135581]It’s unbelieveable. The ability to deny that which doesn’t serve your personal agenda. A huge tax hit, bonuses, new jobs. None of that amounts to domestic spending.
Posted from my iPhone/Mobile device[/QUOTE
A huge tax hit??? That is laughable.... It is roughly 15%.
The statutory corporate tax rate has gradually been reduced from over 50 percent in the 1950s to its current 35 percent. So who made out????
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“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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01-20-2018, 06:56 PM
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#2
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Registered User
Join Date: Jul 2008
Posts: 20,429
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[QUOTE=nightfighter;1135588]
Quote:
Originally Posted by Jim in CT
It’s unbelieveable. The ability to deny that which doesn’t serve your personal agenda. A huge tax hit, bonuses, new jobs. None of that amounts to domestic spending.
Posted from my iPhone/Mobile device[/QUOTE
A huge tax hit??? That is laughable.... It is roughly 15%.
The statutory corporate tax rate has gradually been reduced from over 50 percent in the 1950s to its current 35 percent. So who made out????
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It’s 38 billion that can be used to help people.
Posted from my iPhone/Mobile device |
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01-20-2018, 07:48 PM
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#3
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Seldom Seen
Join Date: May 2001
Posts: 10,404
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[QUOTE=Jim in CT;1135605]
Quote:
Originally Posted by nightfighter
It’s 38 billion that can be used to help people.
Posted from my iPhone/Mobile device
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My point is $87.5 billion (which is the 35% tax on $250 bilion) could help a lot more..... and build a wall too. This money could have been helping people during Clinton's, Bush's and Obama's administrations if it had been paid when due, instead of being diverted to Ireland and then the tax haven island of Jersey....  |
“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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01-21-2018, 07:55 AM
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#4
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Registered User
Join Date: Jul 2008
Posts: 20,429
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[QUOTE=nightfighter;1135608]
Quote:
Originally Posted by Jim in CT
My point is $87.5 billion (which is the 35% tax on $250 bilion) could help a lot more..... and build a wall too. This money could have been helping people during Clinton's, Bush's and Obama's administrations if it had been paid when due, instead of being diverted to Ireland and then the tax haven island of Jersey.... |
Yes, and we could also help more people if you paid a lot more taxes than you owe. But you don't. No one does.
If I owned a company, and I could legally minimize my taxes by moving money elsewhere, I would. So would you. How stupid would one have to be, to pay billions more in taxes than one has to?
W had an uncompetitive corporate tax rate. When you make stupid public policy, sometimes there are negative results. I'm not saying the GOP is perfect. I'm not even saying that the tax overhaul will necessarily prove to be a good thing. I'm saying that because of that tax overhaul, and only because of that tax overhaul, we will have 38 billion more to do some good with. |
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01-21-2018, 10:10 AM
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#5
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Registered User
Join Date: Feb 2009
Posts: 7,688
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[QUOTE=Jim in CT;1135617]
Quote:
Originally Posted by nightfighter
Yes, and we could also help more people if you paid a lot more taxes than you owe. But you don't. No one does.
If I owned a company, and I could legally minimize my taxes by moving money elsewhere, I would. So would you. How stupid would one have to be, to pay billions more in taxes than one has to?
W had an uncompetitive corporate tax rate. When you make stupid public policy, sometimes there are negative results. I'm not saying the GOP is perfect. I'm not even saying that the tax overhaul will necessarily prove to be a good thing. I'm saying that because of that tax overhaul, and only because of that tax overhaul, we will have 38 billion more to do some good with.
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Just think of how much more good could have been done if the Clinton, Bush, and Obama administrations had lowered the corporate tax rates. That's 24 years of collecting money lost to offshore accounts from even more companies than Apple. Were talking hundreds of billions, maybe trillions, and if most of it had been used to pay down the national debt, which was lower then--wow!!
But no, it's better in the eyes of Progressives to spend beyond means and tax the rich at higher rates to pay for overspending, then borrow from the rich in order to pay for money lost by overtaxing, and so get deeper in debt, and keep the circle jerk going of constantly paying by borrowing as the debt becomes unsustainable. And in the meantime grossly enriching the very rich whom the Progressives say are going to pay their "fair share" so that the government can give the rest of us a lot of good stuff. Genius!
Last edited by detbuch; 01-21-2018 at 10:24 AM..
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01-21-2018, 10:23 AM
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#6
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Seldom Seen
Join Date: May 2001
Posts: 10,404
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[QUOTE=Jim in CT;1135617]
Quote:
Originally Posted by nightfighter
If I owned a company, and I could legally minimize my taxes by moving money elsewhere, I would. So would you.
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Legal? Questionable. It is a deferral at best. Or seen in another light, simply kicking the can and deal with it later. |
“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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