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Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

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Drew S. said:
I’m interested to see how the foreign earnings piece shakes out. For strategic reasons it would be nice if we moved production back here. The rate stuff is a bunch of garbage.
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Last time I checked, no one in the US is willing to work for $11-13 a day, which is what production/packaging facilities in MExico pay.

How much of the corporate tax break will ultimately benefit shareholders? How much of that stock is owned by foreign investors? 20%? 30%? A sizable chunk of $ transferred from US people to wealthy foreign investors... News flash, that isn't "putting America first" and they don't give a **** about US jobs.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

ScoobyDoo said:
https://www.wsj.com/articles/middle...ndividuals-under-gop-bill-1513644268?mod=e2fb
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Extended quote:

Middle-income households will get $61 billion in tax cuts in 2019 under the Republican tax plan poised for passage this week, according to an analysis released late Monday by Congress’s Joint Committee on Taxation.

That amounts to 23% of the tax cuts that go directly to individuals. By 2027, however, these households would get a net tax increase, because tax cuts are set to expire under the proposed law.
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Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

joecct said:
Well, if the tax cuts expire, wouldn't taxes go up?

Look at the positive side. It saves the Dems countless hours passing meaningless repeal bills.
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Only the middle class tax cut expires. The corporate and upper income tax cuts are forever.

Because they're the f-cking POINT of the bill.

That's the thing Republicans always elide: we don't object to the middle class tax cuts. We just want taxes on the wealthy raised to pay for them, and then raised further to claw back all the theft since 1981.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

joecct said:
Well, if the tax cuts expire, wouldn't taxes go up?

Look at the positive side. It saves the Dems countless hours passing meaningless repeal bills.
Click to expand...

Guess which tax cuts don't expire...

Edit: Thanks a lot Kep...:p
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

Drew S. said:
I’m interested to see how the foreign earnings piece shakes out. For strategic reasons it would be nice if we moved production back here. The rate stuff is a bunch of garbage.
Click to expand...

Side note on this- last time I checked, if a company moved a plant to Puerto Rico, it would be considered moving it to a foreign location, so it would get the extra import tax for moving production off shore. Lest we forget, Puerto Rico, as well as many other islands, are part of the United States, they are just not states. So it's amazing that we tax stuff made by Americans to be sold in the US. What in the world is that? And it just passed.

I suspect that the hundreds of thousands of Puerto Ricans who moved to Florida will have a big impact on the elections there.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

Kepler said:
Only the middle class tax cut expires. The corporate and upper income tax cuts are forever.

Because they're the f-cking POINT of the bill.

That's the thing Republicans always elide: we don't object to the middle class tax cuts. We just want taxes on the wealthy raised to pay for them, and then raised further to claw back all the theft since 1981.
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Corporate and wealthy subsidies, indeed.

And the R's continue to blame the poor for government spending all the while they hand money to the rich and corporations.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

alfablue said:
Side note on this- last time I checked, if a company moved a plant to Puerto Rico, it would be considered moving it to a foreign location, so it would get the extra import tax for moving production off shore. Lest we forget, Puerto Rico, as well as many other islands, are part of the United States, they are just not states. So it's amazing that we tax stuff made by Americans to be sold in the US. What in the world is that? And it just passed.

I suspect that the hundreds of thousands of Puerto Ricans who moved to Florida will have a big impact on the elections there.
Click to expand...

It's a colony. If it were a territory, they'd be considered as you describe.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

FlagDUDE08 said:
It's a colony. If it were a territory, they'd be considered as you describe.
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dude, they are STILL American citizens. Colony, territory, who cares- we are taxing stuff made in the US for the US and considering it foreign. That is insane.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

I will say this about Puerto Rico, they had an opportunity to become a state but said, “**** your income tax.” Maybe next time that income tax wouldn’t be so bad.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

joecct said:
Well, if the tax cuts expire, wouldn't taxes go up?

Look at the positive side. It saves the Dems countless hours passing meaningless repeal bills.
Click to expand...

No. Everything but Middle Class and poor people tax cuts are set to never expire.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

dxmnkd316 said:
I will say this about Puerto Rico, they had an opportunity to become a state but said, “**** your income tax.” Maybe next time that income tax wouldn’t be so bad.
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It apparently got ground up in a local and corrupt political dispute.

I think 50 states / 100 Senators is a huge psychological barrier to adding more states. We'll have to start expelling a few before the obvious fixes (DC, PR, splitting CA).

<img src="http://www.dailyyonder.com/files/imagecache/story_default/imagefield/PovNationalmap.jpg" />
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

This is beautifully stated.

From The New York Times Opinion Section: "The Republican majority is bulldozing through basic democratic norms as though freedom has everything to do with the tax code and democracy just gets in the way."
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Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

unofan said:
When you actually believe taxes are theft, the ends justify the means.
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Yeah, it's interesting how they did that. I kind of need roads and health care and clean water and rules and DOT and a whole bunch of other stuff. Republicans want Somalia. Which I don't understand. I guess those gated communities really provide what they need.
 
Kepler said:
It apparently got ground up in a local and corrupt political dispute.

I think 50 states / 100 Senators is a huge psychological barrier to adding more states. We'll have to start expelling a few before the obvious fixes (DC, PR, splitting CA).

<img src="http://www.dailyyonder.com/files/imagecache/story_default/imagefield/PovNationalmap.jpg" />
Click to expand...

I wonder if CT and RI would ever want to join forces with MA and NY. They could potentially save a lot of money as far as running the state goes.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

dxmnkd316 said:
I will say this about Puerto Rico, they had an opportunity to become a state but said, “**** your income tax.” Maybe next time that income tax wouldn’t be so bad.
Click to expand...

On June 11, 2017, Puerto Rico held a referendum. The people voted to apply for US Statehood, 97% in favor. Now it's up to Congress to approve Puerto Rico's application as a state, which likely won't happen until both Congress and the White House are in the hands of the Democrats. And it won't be a quick process even then.

https://www.theatlantic.com/politics/archive/2017/06/puerto-rico-statehood-plebiscite-congress/530136/
 
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