Trump's Trickle Down Theory
Dec 3, 2017 05:54:51 #
Dec 3, 2017 10:01:35 #
Thanks for the illustration, it's what I have been saying all along. The republicans will understand better what they are in for with pictures. 
Dec 3, 2017 10:27:34 #
Nixon introduced an “ITC” (Investment Tax Credit) program which provided accelerated depreciation on capital investments. To me, that is a far better mechanism for stimulating the economy for production of major equipment and re-shoring of some jobs. Expecting less tax burden to result in further re-investment is unrealistic. It is far more likely to result in higher Retained Earnings (fattening the corporate balance sheet) and eventually higher investor dividends.
Really, is any fooled by this reduction in corporate tax rate?
Really, is any fooled by this reduction in corporate tax rate?
Dec 3, 2017 13:02:55 #
Trump's 2005 Tax Return Was Leaked. He Paid Far More Than People Thought
President Donald Trump didn’t avoid paying taxes for nearly two decades, after all.
According to a tax return that was leaked on Tuesday night, Trump paid $38 million in federal taxes in 2005, a year when the former New York real estate developer brought in just under $153 million in income. That gave Trump a surprisingly low total tax rate in 2005—just 25%—when, that year, the top marginal federal income tax rate Trump would have clearly qualified for was 35%.
What’s more, the $38 million in taxes includes a payment of just over $31 million that was generated by what’s known as the alternative minimum tax (AMT), an add-on tax that is supposed to catch high earners whose income might fall outside of what is normally counted as taxable income.
http://fortune.com/2017/03/15/donald-trump-2005-tax-returns/
President Donald Trump didn’t avoid paying taxes for nearly two decades, after all.
According to a tax return that was leaked on Tuesday night, Trump paid $38 million in federal taxes in 2005, a year when the former New York real estate developer brought in just under $153 million in income. That gave Trump a surprisingly low total tax rate in 2005—just 25%—when, that year, the top marginal federal income tax rate Trump would have clearly qualified for was 35%.
What’s more, the $38 million in taxes includes a payment of just over $31 million that was generated by what’s known as the alternative minimum tax (AMT), an add-on tax that is supposed to catch high earners whose income might fall outside of what is normally counted as taxable income.
http://fortune.com/2017/03/15/donald-trump-2005-tax-returns/
Dec 3, 2017 13:08:38 #
Obama unwittingly admitted that trickle-down economy works.
Obama said this “…your employer, it’s estimated, would see premiums fall by as much as 3000% which means they could give you a raise.” I am sure he meant $3,000 not 3000% of course, he misspoke. But..... isn't this contrary to Libtards own mantra that trickle down economics does not work??? This is what we have been trying to tell Liberals about cutting taxes for job creators which are the business owners, give them tax breaks so they will be able to give us our raises. :)
https://www.nrcc.org/2010/03/17/economy-alarm-buyers-beware-premiums-to-rise-under-the-democrats-healthcare-takeover/
Obama said this “…your employer, it’s estimated, would see premiums fall by as much as 3000% which means they could give you a raise.” I am sure he meant $3,000 not 3000% of course, he misspoke. But..... isn't this contrary to Libtards own mantra that trickle down economics does not work??? This is what we have been trying to tell Liberals about cutting taxes for job creators which are the business owners, give them tax breaks so they will be able to give us our raises. :)
https://www.nrcc.org/2010/03/17/economy-alarm-buyers-beware-premiums-to-rise-under-the-democrats-healthcare-takeover/
Dec 3, 2017 13:16:03 #
EyeSawYou wrote:
Obama unwittingly admitted that trickle-down econo... (show quote)
Time will tell.
In the meantime, I find it interesting that small business tax rate is falling only to 25% whereas the corporate rate is falling to 20%. We’re told small business is the jobs machine of the economy and that’s where tax reduction savings are most likely to turn into new jobs. So, why aren’t small businesses getting the better rate? Does this make sense?
Dec 3, 2017 14:20:13 #
KGOldWolf wrote:
Time will tell.
In the meantime, I find it interesting that small business tax rate is falling only to 25% whereas the corporate rate is falling to 20%. We’re told small business is the jobs machine of the economy and that’s where tax reduction savings are most likely to turn into new jobs. So, why aren’t small businesses getting the better rate? Does this make sense?
In the meantime, I find it interesting that small business tax rate is falling only to 25% whereas the corporate rate is falling to 20%. We’re told small business is the jobs machine of the economy and that’s where tax reduction savings are most likely to turn into new jobs. So, why aren’t small businesses getting the better rate? Does this make sense?
Not sure this was about corp/SBTR as it was with trickle down economy. :)
If you want to reply, then register here. Registration is free and your account is created instantly, so you can post right away.