Trump's tax cut didn't trickle down
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The tax plan is flawed. The middle class has seen Very negligible gains in take home pay whereas the top brackets are seeing much more relief. Anyone who thought the main beneficiaries, Big corps,were gonna pass down much of their savings to employees were living in fantasy land. And those that own jumbo loan homes that make 150-200k per year are really gonna be pissed come next April.
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Nobody thinks Hondo is a regular human.Pitchfork51 said:
Haaaave you seen hondodflea said:
Not surprising that it came from Sledog. He takes retard to levels never dreamed of by regular humans.ThomasFremont said:
This is the stupidest explanation of the housing bubble I have ever heard. And that’s saying something.Sledog said:No. I got stupid fucking democrat policies led to poor lending practices for social justice bullshit which caused a huge housing bubble and it's eventual collapse that everyone had to pay for.
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Where's your explanation Poindexter?dflea said:
Not surprising that it came from Sledog. He takes retard to levels never dreamed of by regular humans.ThomasFremont said:
This is the stupidest explanation of the housing bubble I have ever heard. And that’s saying something.Sledog said:No. I got stupid fucking democrat policies led to poor lending practices for social justice bullshit which caused a huge housing bubble and it's eventual collapse that everyone had to pay for.
https://www.theatlantic.com/business/archive/2011/12/hey-barney-frank-the-government-did-cause-the-housing-crisis/249903/ -
For those unaware Peter Wallison is a fellow at AEISledog said:
Where's your explanation Poindexter?dflea said:
Not surprising that it came from Sledog. He takes retard to levels never dreamed of by regular humans.ThomasFremont said:
This is the stupidest explanation of the housing bubble I have ever heard. And that’s saying something.Sledog said:No. I got stupid fucking democrat policies led to poor lending practices for social justice bullshit which caused a huge housing bubble and it's eventual collapse that everyone had to pay for.
https://www.theatlantic.com/business/archive/2011/12/hey-barney-frank-the-government-did-cause-the-housing-crisis/249903/ -
Add about $750K to that number.salemcoog said:The tax plan is flawed. The middle class has seen Very negligible gains in take home pay whereas the top brackets are seeing much more relief. Anyone who thought the main beneficiaries, Big corps,were gonna pass down much of their savings to employees were living in fantasy land. And those that own jumbo loan homes that make 150-200k per year are really gonna be pissed come next April.
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The housing bubble was created by stupid government interference in the housing market combined with stupid government low interest rate policies. Look no further than Greenspan, who served under both parties, to confirm as much. The people on Wall Street took advantage of the situation but they didn't create it. The same goes for all those people that took out loans they couldn't afford. That's the nature of an individualized system acting in aggregate.
If you think lowering the corporate tax rate and streamlining the tax code isn't good for American competitiveness long term then your FS.
It's also better for small and middle sized businesses who don't have armies of accountants to ship money overseas or find every tax loophole. Large multinationals never paid the nominal corporate tax rate anyways. -
The problem with you small and medium business issue.... The ones that are actually saving meaningful money do have the money to pay accountants.UW_Doog_Bot said:The housing bubble was created by stupid government interference in the housing market combined with stupid government low interest rate policies. Look no further than Greenspan, who served under both parties, to confirm as much. The people on Wall Street took advantage of the situation but they didn't create it. The same goes for all those people that took out loans they couldn't afford. That's the nature of an individualized system acting in aggregate.
If you think lowering the corporate tax rate and streamlining the tax code isn't good for American competitiveness long term then your FS.
It's also better for small and middle sized businesses who don't have armies of accountants to ship money overseas or find every tax loophole. Large multinationals never paid the nominal corporate tax rate anyways.
The vast majority of the corporate tax cuts is going to the wealthy. And I'm sure you were a dude bashing on the deficit the prior 8 years.... Which now means nothing? -
No, they don't have nearly the type of accounting department you think they do and more importantly, they don't have the capital and overseas presence to make significant decisions the way multinationals do.2001400ex said:
The problem with you small and medium business issue.... The ones that are actually saving meaningful money do have the money to pay accountants.UW_Doog_Bot said:The housing bubble was created by stupid government interference in the housing market combined with stupid government low interest rate policies. Look no further than Greenspan, who served under both parties, to confirm as much. The people on Wall Street took advantage of the situation but they didn't create it. The same goes for all those people that took out loans they couldn't afford. That's the nature of an individualized system acting in aggregate.
If you think lowering the corporate tax rate and streamlining the tax code isn't good for American competitiveness long term then your FS.
It's also better for small and middle sized businesses who don't have armies of accountants to ship money overseas or find every tax loophole. Large multinationals never paid the nominal corporate tax rate anyways.
The vast majority of the corporate tax cuts is going to the wealthy. And I'm sure you were a dude bashing on the deficit the prior 8 years.... Which now means nothing?
The wealthy pay the majority of taxes so how exactly should the tax cuts be dolled out? Also, are you measuring aggregate cuts, real numbers, percentage of income, or how exactly? I'd be curious to see the actual numbers as opposed to a talking point.
No, I haven't thought the deficit was that big of an issue since I took 300 level macro. We essentially take out debt out at a lower interest rate than inflation(i.e. negative interest). I think that the money we are essentially able to invest is better managed by the American taxpayers than large government agencies or contractors. -
I’d argue that the Dude making a Mill per year isn’t gonna care about losing much of his mortgage interest/local tax deduction NEAR as much as the dude or dudette making 200K per year. Especially since their taxes have been lowered at a higher percentage than the 150-200 guy.DuckHHunterisafag said:
Add about $750K to that number.salemcoog said:The tax plan is flawed. The middle class has seen Very negligible gains in take home pay whereas the top brackets are seeing much more relief. Anyone who thought the main beneficiaries, Big corps,were gonna pass down much of their savings to employees were living in fantasy land. And those that own jumbo loan homes that make 150-200k per year are really gonna be pissed come next April.
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You are talking in circles. You say we need a tax cut to keep businesses producing in America then say that most of those businesses don't have the capital to make global decisions. Yes the small mom and pop that makes $100k a year doesn't have large accounting department. They also didn't save much either. But there are many CPAs that'll do the tax work and planning for $5k.... They can't afford that???UW_Doog_Bot said:
No, they don't have nearly the type of accounting department you think they do and more importantly, they don't have the capital and overseas presence to make significant decisions the way multinationals do.2001400ex said:
The problem with you small and medium business issue.... The ones that are actually saving meaningful money do have the money to pay accountants.UW_Doog_Bot said:The housing bubble was created by stupid government interference in the housing market combined with stupid government low interest rate policies. Look no further than Greenspan, who served under both parties, to confirm as much. The people on Wall Street took advantage of the situation but they didn't create it. The same goes for all those people that took out loans they couldn't afford. That's the nature of an individualized system acting in aggregate.
If you think lowering the corporate tax rate and streamlining the tax code isn't good for American competitiveness long term then your FS.
It's also better for small and middle sized businesses who don't have armies of accountants to ship money overseas or find every tax loophole. Large multinationals never paid the nominal corporate tax rate anyways.
The vast majority of the corporate tax cuts is going to the wealthy. And I'm sure you were a dude bashing on the deficit the prior 8 years.... Which now means nothing?
The wealthy pay the majority of taxes so how exactly should the tax cuts be dolled out? Also, are you measuring aggregate cuts, real numbers, percentage of income, or how exactly? I'd be curious to see the actual numbers as opposed to a talking point.
No, I haven't thought the deficit was that big of an issue since I took 300 level macro. We essentially take out debt out at a lower interest rate than inflation(i.e. negative interest). I think that the money we are essentially able to invest is better managed by the American taxpayers than large government agencies or contractors.
And you can read article after article about where the corporate tax cuts went. They were promoted as going to hiring people and investing in New businesses. But any person with a brain knows that corporations were already flush with cash and weren't investing. They don't invest unless there is demand. There isn't increased demand from a tax cut unless it goes to the middle class. So..... They spent it on stock buybacks and dividends with pennies going to employees.
This is very basic economics if you take your Trump dick sucking hat off.
