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

[FlagDUDE08]

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

Some information about Bernie's tax plan: https://www.youtube.com/watch?v=AN3vM-T-lm0

 

[trixR4kids]

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

Some information about Bernie's tax plan: https://www.youtube.com/watch?v=AN3vM-T-lm0

Oh wow a heavily edited video where a guy lies to people who don't follow politics closely and sees what they think.

 

[FlagDUDE08]

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

Oh wow a heavily edited video where a guy lies to people who don't follow politics closely and sees what they think.

Considering the plan was immediately dismissed because it contained the name "Trump", regardless of what was actually in it, it shows how stupid your ilk are.

 

[trixR4kids]

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

Considering the plan was immediately dismissed because it contained the name "Trump", regardless of what was actually in it, it shows how stupid your ilk are.

No it really doesn't but nice try мошенник

It shows that you're a gullible moron for believing everything the guy said and not questioning the blatant falsehoods. It's also very striking the info he left out.

 

[trixR4kids]

Within a day after the corporate tax cuts pass,
- AT&T gives $1,000 bonus to 200,000 workers.
- Comcast gives $1,000 bonus to 100,000 workers.
- Wells Fargo and Fifth Third Bancorp increase their minimum wage to $15/hour.
- Nexus Services gives all employees 5% raise and looks to hire 200 more workers.

What do these stories have in common?

Explicit mention of the corporate tax cut as the driving motivator.


[sarcasm]I did not realize that everyone who worked for these companies was ultra-wealthy! What a give-away that only the rich will enjoy! How horrible that these nasty selfish corporations would treat their employees so badly! People will die! [/sarcasm]

So... back to this, 600 AT&T workers will lose their job

http://fox4kc.com/2017/12/20/hundreds-of-metro-att-employees-laid-off-just-before-christmas/

 

[burd]

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

Within a day after the corporate tax cuts pass,
- AT&T gives $1,000 bonus to 200,000 workers.
- Comcast gives $1,000 bonus to 100,000 workers.
- Wells Fargo and Fifth Third Bancorp increase their minimum wage to $15/hour.
- Nexus Services gives all employees 5% raise and looks to hire 200 more workers.

What do these stories have in common?

Explicit mention of the corporate tax cut as the driving motivator.


[sarcasm]I did not realize that everyone who worked for these companies was ultra-wealthy! What a give-away that only the rich will enjoy! How horrible that these nasty selfish corporations would treat their employees so badly! People will die! [/sarcasm]

Sigh. Trump supporters not already named "Mark" should be.

 

[Kepler]

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

A day late and a dollar short.

 

[ScoobyDoo]

A day late and a dollar short.

I knew. you knew.

 

[5mn_Major]

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

Within a day after the corporate tax cuts pass,
- AT&T gives $1,000 bonus to 200,000 workers.
- Comcast gives $1,000 bonus to 100,000 workers.
- Wells Fargo and Fifth Third Bancorp increase their minimum wage to $15/hour.
- Nexus Services gives all employees 5% raise and looks to hire 200 more workers.

What do these stories have in common?

Explicit mention of the corporate tax cut as the driving motivator.


[sarcasm]I did not realize that everyone who worked for these companies was ultra-wealthy! What a give-away that only the rich will enjoy! How horrible that these nasty selfish corporations would treat their employees so badly! People will die! [/sarcasm]

So we're .000001% there.

Taking the corporate tax rate from 35% to 21% means that the entire affected business sector will need to grow 66% to account for the lost taxes. At our current growth rate of 4% the bar has been set pretty high.

 

[mookie1995]

So we're .000001% there.

Taking the corporate tax rate from 35% to 21% means that the entire affected business sector will need to grow 66% to account for the lost taxes. At our current growth rate of 4% the bar has been set pretty high.

It’s not good to have goals???

 

[ericredaxe]

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

The more I look at this, the more the elimination of the SALT deduction seems like it really screws the areas with higher property values and property taxes. Interesting those are mostty blue states. I wonder if that was a deliberate F/U by the republicans in Congress.

Be sure to pre pay your 2018 property taxes if you can.

 

[dxmnkd316]

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

So I was talking to my dad and he mentioned that the new tax law has provisions where you will be “required” to sell your stock shares first in, first out. We couldn’t come up with any way of enforcing that or even how that law would work. Would someone like Wells Fargo have to determine if their shares are your oldest?

Anyone else heard anything about this or how it would work?

Also, he worked for a company that inverted and now the dividends will no longer be considered qualified dividends. Might have been changed in the final bill but yeah. Another little Christmas present.

 

[The Sicatoka]

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

The more I look at this, the more the elimination of the SALT deduction seems like it really screws the areas with higher property values and property taxes. Interesting those are mostty blue states. I wonder if that was a deliberate F/U by the republicans in Congress.

Most likely. Think about it: those most affected are CA, NY, IL, NJ, CT. Those are not states the Rs have much hope in in Presidential races. You can chalk CA's 2020 electoral votes up to a ham sandwich with a D on it right now. <-- That's not political; that's reality.

So, literally, in the eyes of the Rs, so what if hard-core, rank and file, Ds are PO'd about elimination (or capping) of SALT.

What is does is bring out a core conservative issue to the forefront: Why are people in those states paying so much in tax to those states in the first place? It's going to bring the tax and spend conversation in those states out with an advantage to the conservatives. "If you weren't taxed so much this wouldn't be an issue" will be the refrain.

But wait, there's more. Those being affected were people typically (rightly or wrongly) cast as "we should all pay more in taxes" bi-coastal liberals. Well, now they will pay more in Federal tax. Either they merrily pay it or they're hypocrites. (<-- The Rs actually made a savvy move, a move Reagan never could get, that jammed up the Ds.)

And finally, those same bi-coastal folks are being cast in Flyover as having been "subsidized" up to now. Yes. I've heard that word. The bi-coasters never had to pay their fair share of Federal load because of big state deductions is the big, square state Rs' spin.

Sorry. I think I built you a watch there when all you wanted was the time.

Time is: Yup. Intentional.

 

[Kepler]

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

Most likely. Think about it: those most affected are CA, NY, IL, NJ, CT. Those are not states the Rs have much hope in in Presidential races. You can chalk CA's 2020 electoral votes up to a ham sandwich with a D on it right now. <-- That's not political; that's reality.

So, literally, in the eyes of the Rs, so what if hard-core, rank and file, Ds are PO'd about elimination (or capping) of SALT.

What is does is bring out a core conservative issue to the forefront: Why are people in those states paying so much in tax to those states in the first place? It's going to bring the tax and spend conversation in those states out with an advantage to the conservatives. "If you weren't taxed so much this wouldn't be an issue" will be the refrain.

But wait, there's more. Those being affected were people typically (rightly or wrongly) cast as "we should all pay more in taxes" bi-coastal liberals. Well, now they will pay more in Federal tax. Either they merrily pay it or they're hypocrites. (<-- The Rs actually made a savvy move, a move Reagan never could get, that jammed up the Ds.)

And finally, those same bi-coastal folks are being cast in Flyover as having been "subsidized" up to now. Yes. I've heard that word. The bi-coasters never had to pay their fair share of Federal load because of big state deductions is the big, square state Rs' spin.

Sorry. I think I built you a watch there.

I guess the answer you're looking for is: Yup. Intentional.

This is a great post. I completely get the motivation and the reasoning. We could of course respond in kind and bankrupt Dumbf-ckistan by ending the subsidization of the red states by the blue states. That's not a fight country mouse wants to have.

The regional / ideological / cultural alignment was always there to be exploited by the politicians -- it's kinda a surprise it's taken 150 years to get back to open hostilities, though I guess one could say all of American history is this division.

Well, if we have a second civil war (or better, the uncontested secession we should have had in 1860) at least I won't have to live in the desert with the farmer tan proles.

There's always Zurich.

 

[The Sicatoka]

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

... though I guess one could say all of American history is this division.

There's a reason what is today called "the electoral college" was created by the authors of the founding documents.

 

[The Sicatoka]

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

We could of course respond in kind and bankrupt Dumbf-ckistan by ending the subsidization of the red states by the blue states. That's not a fight country mouse wants to have.

< I feel myself channeling someone ... >

After you deduct $60k of SALT from your 1040, and that's $60k at those highest Federal rate schedules, who is subsidizing whom?

Heck, my constituents wish they had $60k in income.

Signed,
Square state R Congressman

< wow, that was creepy, but, you know that's coming sure as sunrise >

 

[unofan]

< I feel myself channeling someone ... >

After you deduct $60k of SALT from your 1040, and that's $60k at those highest Federal rate schedules, who is subsidizing whom?

Heck, my constituents wish they had $60k in income.

Signed,
Square state R Congressman

< wow, that was creepy, but, you know that's coming sure as sunrise >

Blue states (minus New Mexico) are still subsidizing red states. Lest we forget Texas cutting state fire fighting funds, then shockingly having a bad wild fire season, and then asking the feds for money to fund said fire fighting. (And when the feds didn't give them enough, the solution proposed by governor "Oops" was literally to pray for rain).

 

[The Sicatoka]

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

The Tax Policy Center did their analysis of what passed. Here's part of a summary I found of the analysis. I'm just getting into the guts of reading the whole TPC report.

Bottom 80% currently pays 33% of all federal income taxes, but gets 35% of the tax cuts.
Top 1% currently pays 27% of all federal taxes, but gets 21% of the tax cuts.
So, the share of all federal taxes paid by wealthy will rise.

 

[ScoobyDoo]

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

The Tax Policy Center did their analysis of what passed. Here's part of a summary I found of the analysis. I'm just getting into the guts of reading the whole TPC report.

Where does the other 56% go? The Wealthy. That's who. There is no defense for this stupid bill. None. And you can't read very well. From the same article.


It says right in the paper the rich get a higher percentage. 14 percent vs. 1.8 percent to the middle class.

 

[The Sicatoka]

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

Where does the other 56% go? The Wealthy. That's who. There is no defense for this stupid bill. None.

Scoobs, I think you mean "44%".
And logic would dictate 'to the remaining 19%' who are currently paying 40% of all taxes.

I know it won't be popular here, but giving the folks in the 80 to 99 percentile of incomes a break doesn't bother me. Note I said "incomes". Those folks are mainly small-business owners with employees and incomes from the business, not trust-fund babies living off investments.

I'm saying this based on siblings with small businesses living it daily.