Trump's tax cut didn't trickle down
Comments
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Hondo FS.2001400ex said:
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.
Yes, I'm sure your understanding of economics is better than mine. Every poast you make just screams, "Well educated in Economics." -
Right. Those businesses just handed the money out to the middle class as promised. Ok!UW_Doog_Bot said:
Hondo FS.2001400ex said:
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.
Yes, I'm sure your understanding of economics is better than mine. Every poast you make just screams, "Well educated in Economics." -
I reiterate, Hondo FS. Continue to conflate arguments I guess.2001400ex said:
Right. Those businesses just handed the money out to the middle class as promised. Ok!UW_Doog_Bot said:
Hondo FS.2001400ex said:
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.
Yes, I'm sure your understanding of economics is better than mine. Every poast you make just screams, "Well educated in Economics." -
Didn't think you actually wanted to have a conversation about it.UW_Doog_Bot said:
I reiterate, Hondo FS. Continue to conflate arguments I guess.2001400ex said:
Right. Those businesses just handed the money out to the middle class as promised. Ok!UW_Doog_Bot said:
Hondo FS.2001400ex said:
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.
Yes, I'm sure your understanding of economics is better than mine. Every poast you make just screams, "Well educated in Economics." -
He can't help it. HondoFS gonna HondoFSUW_Doog_Bot said:
I reiterate, Hondo FS. Continue to conflate arguments I guess.2001400ex said:
Right. Those businesses just handed the money out to the middle class as promised. Ok!UW_Doog_Bot said:
Hondo FS.2001400ex said:
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.
Yes, I'm sure your understanding of economics is better than mine. Every poast you make just screams, "Well educated in Economics."
-
And you bring nothing to the table either. Other than delusions of Trump.Southerndawg said:
He can't help it. HondoFS gonna HondoFSUW_Doog_Bot said:
I reiterate, Hondo FS. Continue to conflate arguments I guess.2001400ex said:
Right. Those businesses just handed the money out to the middle class as promised. Ok!UW_Doog_Bot said:
Hondo FS.2001400ex said:
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.
Yes, I'm sure your understanding of economics is better than mine. Every poast you make just screams, "Well educated in Economics." -
You’re so far out of your league here even I feel sort of bad for you.2001400ex said:
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. -
He doesn't have one. Never does. On anything. Braying ass going to ass.Sledog 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/ -
Care to bring some counter points?MikeDamone said:
You’re so far out of your league here even I feel sort of bad for you.2001400ex said:
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. -
2001400ex said:
Didn't think you actually wanted to have a conversation about it.UW_Doog_Bot said:
I reiterate, Hondo FS. Continue to conflate arguments I guess.2001400ex said:
Right. Those businesses just handed the money out to the middle class as promised. Ok!UW_Doog_Bot said:
Hondo FS.2001400ex said:
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.
Yes, I'm sure your understanding of economics is better than mine. Every poast you make just screams, "Well educated in Economics."
-
I think I can answer for him.2001400ex said:
Care to bring some counter points?MikeDamone said:
You’re so far out of your league here even I feel sort of bad for you.2001400ex said:
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.
Something about freedom. Accuse you of using a logical fallacy. Free market. Back to freedom. Another logical fallacy accusation, this one erroneous. And back to the free market.
I think that covers his whole arsenal. -
You forgot communism and socialism.allpurpleallgold said:
I think I can answer for him.2001400ex said:
Care to bring some counter points?MikeDamone said:
You’re so far out of your league here even I feel sort of bad for you.2001400ex said:
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.
Something about freedom. Accuse you of using a logical fallacy. Free market. Back to freedom. Another logical fallacy accusation, this one erroneous. And back to the free market.
I think that covers his whole arsenal. -
The doubling of the standard deduction is enough that I don’t have to pay an accountant $350.00 to itemize my taxes, as that deduction is now higher than my usual itemized amount. My tax savings should be another $200.00-$300.00 because of the lower adjusted gross income. My company didn’t pay the employees $1000.00, like some companies, but they did use the savings to acquire another business. That’s where the trickle down occurs for me. They've authorized unlimited overtime while the merger and staffing is completed. I look to pull an additional $20k this year, and should average $10k/year in overtime, going forward.
-
And usually an acquisition, there are less jobs in the combined company.... Not exactly a job builder, eh?USMChawk said:The doubling of the standard deduction is enough that I don’t have to pay an accountant $350.00 to itemize my taxes, as that deduction is now higher than my usual itemized amount. My tax savings should be another $200.00-$300.00 because of the lower adjusted gross income. My company didn’t pay the employees $1000.00, like some companies, but they did use the savings to acquire another business. That’s where the trickle down occurs for me. They've authorized unlimited overtime while the merger and staffing is completed. I look to pull an additional $20k this year, and should average $10k/year in overtime, going forward.
And you shouldn't need a CPA to itemize your deductions. For reals. They are very straight forward. -
The company we bought was extremely mismanaged and verging on bankruptcy. The combined staff will be less than what was, but more than what was going to be.2001400ex said:
And usually an acquisition, there are less jobs in the combined company.... Not exactly a job builder, eh?USMChawk said:The doubling of the standard deduction is enough that I don’t have to pay an accountant $350.00 to itemize my taxes, as that deduction is now higher than my usual itemized amount. My tax savings should be another $200.00-$300.00 because of the lower adjusted gross income. My company didn’t pay the employees $1000.00, like some companies, but they did use the savings to acquire another business. That’s where the trickle down occurs for me. They've authorized unlimited overtime while the merger and staffing is completed. I look to pull an additional $20k this year, and should average $10k/year in overtime, going forward.
And you shouldn't need a CPA to itemize your deductions. For reals. They are very straight forward.
Without getting into personal details, my tax situation is complex. I could do it myself or I could save the 6-8 hours of aggravation and pay someone else to do it. I choose the latter.
-
They're really the same thing. HTH2001400ex said:
You forgot communism and socialism.allpurpleallgold said:
I think I can answer for him.2001400ex said:
Care to bring some counter points?MikeDamone said:
You’re so far out of your league here even I feel sort of bad for you.2001400ex said:
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.
Something about freedom. Accuse you of using a logical fallacy. Free market. Back to freedom. Another logical fallacy accusation, this one erroneous. And back to the free market.
I think that covers his whole arsenal. -
2001400ex said:
You forgot communism and socialism.allpurpleallgold said:
I think I can answer for him.2001400ex said:
Care to bring some counter points?MikeDamone said:
You’re so far out of your league here even I feel sort of bad for you.2001400ex said:
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.
Something about freedom. Accuse you of using a logical fallacy. Free market. Back to freedom. Another logical fallacy accusation, this one erroneous. And back to the free market.
I think that covers his whole arsenal.
-
Who exactly is holding a gun to your head telling you to pay taxes?UW_Doog_Bot said:2001400ex said:
You forgot communism and socialism.allpurpleallgold said:
I think I can answer for him.2001400ex said:
Care to bring some counter points?MikeDamone said:
You’re so far out of your league here even I feel sort of bad for you.2001400ex said:
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.
Something about freedom. Accuse you of using a logical fallacy. Free market. Back to freedom. Another logical fallacy accusation, this one erroneous. And back to the free market.
I think that covers his whole arsenal. -
Wait a minute. You said you don't have to pay an accountant anymore..... But yet you still do. Which is it? I'll wait until I can prepare my taxes on a postcard.USMChawk said:
The company we bought was extremely mismanaged and verging on bankruptcy. The combined staff will be less than what was, but more than what was going to be.2001400ex said:
And usually an acquisition, there are less jobs in the combined company.... Not exactly a job builder, eh?USMChawk said:The doubling of the standard deduction is enough that I don’t have to pay an accountant $350.00 to itemize my taxes, as that deduction is now higher than my usual itemized amount. My tax savings should be another $200.00-$300.00 because of the lower adjusted gross income. My company didn’t pay the employees $1000.00, like some companies, but they did use the savings to acquire another business. That’s where the trickle down occurs for me. They've authorized unlimited overtime while the merger and staffing is completed. I look to pull an additional $20k this year, and should average $10k/year in overtime, going forward.
And you shouldn't need a CPA to itemize your deductions. For reals. They are very straight forward.
Without getting into personal details, my tax situation is complex. I could do it myself or I could save the 6-8 hours of aggravation and pay someone else to do it. I choose the latter. -
It also gives full permission for voluntary communism, nazism or the creation of a fucking caliphate. @MikeDamone 's silence on this topic speaks volumes.UW_Doog_Bot said:2001400ex said:
You forgot communism and socialism.allpurpleallgold said:
I think I can answer for him.2001400ex said:
Care to bring some counter points?MikeDamone said:
You’re so far out of your league here even I feel sort of bad for you.2001400ex said:
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.
Something about freedom. Accuse you of using a logical fallacy. Free market. Back to freedom. Another logical fallacy accusation, this one erroneous. And back to the free market.
I think that covers his whole arsenal.
-
Doesn’t seem like you pay attention. But yeah, he’s the king of logical fallacies. Also he’s horrible at basic Econ so when the topic turns to slightly more advanced economic topics it’s an amazing display of fucktared babel which I summed up by his usual “stop sucking Trumps dick”.allpurpleallgold said:
I think I can answer for him.2001400ex said:
Care to bring some counter points?MikeDamone said:
You’re so far out of your league here even I feel sort of bad for you.2001400ex said:
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.
Something about freedom. Accuse you of using a logical fallacy. Free market. Back to freedom. Another logical fallacy accusation, this one erroneous. And back to the free market.
I think that covers his whole arsenal.
Come on APAG, you’re better than this. -
Counter points to what? You didn’t make any to doog bot.2001400ex said:
Care to bring some counter points?MikeDamone said:
You’re so far out of your league here even I feel sort of bad for you.2001400ex said:
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. -
Refuse to pay them and find out....2001400ex said:
Who exactly is holding a gun to your head telling you to pay taxes?UW_Doog_Bot said:2001400ex said:
You forgot communism and socialism.allpurpleallgold said:
I think I can answer for him.2001400ex said:
Care to bring some counter points?MikeDamone said:
You’re so far out of your league here even I feel sort of bad for you.2001400ex said:
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.
Something about freedom. Accuse you of using a logical fallacy. Free market. Back to freedom. Another logical fallacy accusation, this one erroneous. And back to the free market.
I think that covers his whole arsenal. -
The standard deduction, until this year, was $12,000.00. I work from home, have a daughter in college, a daughter w/a disability, my wife is an independent contractor, have mortgage interest, excessive medical bills (almost every year), and a few other things. To maximize my return means I have to complete the 1040, a number of Schedules, etc.. All that effort and I typically get to $15-16k in deductions. I provide the paperwork to my accountant and he completes all the necessary paperwork. I know it’s done right and I don’t have to do the work. Now that the standard deduction is $24k I don’t have to do all that; I’ll take the standard deduction and not itemize.2001400ex said:
Wait a minute. You said you don't have to pay an accountant anymore..... But yet you still do. Which is it? I'll wait until I can prepare my taxes on a postcard.USMChawk said:
The company we bought was extremely mismanaged and verging on bankruptcy. The combined staff will be less than what was, but more than what was going to be.2001400ex said:
And usually an acquisition, there are less jobs in the combined company.... Not exactly a job builder, eh?USMChawk said:The doubling of the standard deduction is enough that I don’t have to pay an accountant $350.00 to itemize my taxes, as that deduction is now higher than my usual itemized amount. My tax savings should be another $200.00-$300.00 because of the lower adjusted gross income. My company didn’t pay the employees $1000.00, like some companies, but they did use the savings to acquire another business. That’s where the trickle down occurs for me. They've authorized unlimited overtime while the merger and staffing is completed. I look to pull an additional $20k this year, and should average $10k/year in overtime, going forward.
And you shouldn't need a CPA to itemize your deductions. For reals. They are very straight forward.
Without getting into personal details, my tax situation is complex. I could do it myself or I could save the 6-8 hours of aggravation and pay someone else to do it. I choose the latter.
-
Pics of the daughter in college?USMChawk said:
The standard deduction, until this year, was $12,000.00. I work from home, have a daughter in college, a daughter w/a disability, my wife is an independent contractor, have mortgage interest, excessive medical bills (almost every year), and a few other things. To maximize my return means I have to complete the 1040, a number of Schedules, etc.. All that effort and I typically get to $15-16k in deductions. I provide the paperwork to my accountant and he completes all the necessary paperwork. I know it’s done right and I don’t have to do the work. Now that the standard deduction is $24k I don’t have to do all that; I’ll take the standard deduction and not itemize.2001400ex said:
Wait a minute. You said you don't have to pay an accountant anymore..... But yet you still do. Which is it? I'll wait until I can prepare my taxes on a postcard.USMChawk said:
The company we bought was extremely mismanaged and verging on bankruptcy. The combined staff will be less than what was, but more than what was going to be.2001400ex said:
And usually an acquisition, there are less jobs in the combined company.... Not exactly a job builder, eh?USMChawk said:The doubling of the standard deduction is enough that I don’t have to pay an accountant $350.00 to itemize my taxes, as that deduction is now higher than my usual itemized amount. My tax savings should be another $200.00-$300.00 because of the lower adjusted gross income. My company didn’t pay the employees $1000.00, like some companies, but they did use the savings to acquire another business. That’s where the trickle down occurs for me. They've authorized unlimited overtime while the merger and staffing is completed. I look to pull an additional $20k this year, and should average $10k/year in overtime, going forward.
And you shouldn't need a CPA to itemize your deductions. For reals. They are very straight forward.
Without getting into personal details, my tax situation is complex. I could do it myself or I could save the 6-8 hours of aggravation and pay someone else to do it. I choose the latter.
Also, hopefully your wife has an LLC. There is a 20% deduction on pass through income she may be able to get. -
You save in the standard deduction but also lose the $4,100 each for personal exemption. So your taxable income is higher. With a lower rate.USMChawk said:
The standard deduction, until this year, was $12,000.00. I work from home, have a daughter in college, a daughter w/a disability, my wife is an independent contractor, have mortgage interest, excessive medical bills (almost every year), and a few other things. To maximize my return means I have to complete the 1040, a number of Schedules, etc.. All that effort and I typically get to $15-16k in deductions. I provide the paperwork to my accountant and he completes all the necessary paperwork. I know it’s done right and I don’t have to do the work. Now that the standard deduction is $24k I don’t have to do all that; I’ll take the standard deduction and not itemize.2001400ex said:
Wait a minute. You said you don't have to pay an accountant anymore..... But yet you still do. Which is it? I'll wait until I can prepare my taxes on a postcard.USMChawk said:
The company we bought was extremely mismanaged and verging on bankruptcy. The combined staff will be less than what was, but more than what was going to be.2001400ex said:
And usually an acquisition, there are less jobs in the combined company.... Not exactly a job builder, eh?USMChawk said:The doubling of the standard deduction is enough that I don’t have to pay an accountant $350.00 to itemize my taxes, as that deduction is now higher than my usual itemized amount. My tax savings should be another $200.00-$300.00 because of the lower adjusted gross income. My company didn’t pay the employees $1000.00, like some companies, but they did use the savings to acquire another business. That’s where the trickle down occurs for me. They've authorized unlimited overtime while the merger and staffing is completed. I look to pull an additional $20k this year, and should average $10k/year in overtime, going forward.
And you shouldn't need a CPA to itemize your deductions. For reals. They are very straight forward.
Without getting into personal details, my tax situation is complex. I could do it myself or I could save the 6-8 hours of aggravation and pay someone else to do it. I choose the latter.
That being said, the thing I hate about politicians and uneducated people like you that don't understand taxes. Itemized deductions are trivial. All that stuff is easy to do. What isn't easy, and what keeps my colleagues busy, is the determination of income. Of which was not touched in the tax reform. And some of it was actually was made harder because of things like what DaBoner said. -
Whatever you think of Honda, I think less of you. Fuck off.MikeDamone said:
Doesn’t seem like you pay attention. But yeah, he’s the king of logical fallacies. Also he’s horrible at basic Econ so when the topic turns to slightly more advanced economic topics it’s an amazing display of fucktared babel which I summed up by his usual “stop sucking Trumps dick”.allpurpleallgold said:
I think I can answer for him.2001400ex said:
Care to bring some counter points?MikeDamone said:
You’re so far out of your league here even I feel sort of bad for you.2001400ex said:
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.
Something about freedom. Accuse you of using a logical fallacy. Free market. Back to freedom. Another logical fallacy accusation, this one erroneous. And back to the free market.
I think that covers his whole arsenal.
Come on APAG, you’re better than this. -
Sick burn brah....allpurpleallgold said:
Whatever you think of Honda, I think less of you. Fuck off.MikeDamone said:
Doesn’t seem like you pay attention. But yeah, he’s the king of logical fallacies. Also he’s horrible at basic Econ so when the topic turns to slightly more advanced economic topics it’s an amazing display of fucktared babel which I summed up by his usual “stop sucking Trumps dick”.allpurpleallgold said:
I think I can answer for him.2001400ex said:
Care to bring some counter points?MikeDamone said:
You’re so far out of your league here even I feel sort of bad for you.2001400ex said:
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.
Something about freedom. Accuse you of using a logical fallacy. Free market. Back to freedom. Another logical fallacy accusation, this one erroneous. And back to the free market.
I think that covers his whole arsenal.
Come on APAG, you’re better than this.
You seem triggered. -
Yet all you have produced in this thread is "Honda doesn't know economics" without throwing out one reason why or arguing why I'm wrong. Other than Trump said so.MikeDamone said:
Sick burn brah....allpurpleallgold said:
Whatever you think of Honda, I think less of you. Fuck off.MikeDamone said:
Doesn’t seem like you pay attention. But yeah, he’s the king of logical fallacies. Also he’s horrible at basic Econ so when the topic turns to slightly more advanced economic topics it’s an amazing display of fucktared babel which I summed up by his usual “stop sucking Trumps dick”.allpurpleallgold said:
I think I can answer for him.2001400ex said:
Care to bring some counter points?MikeDamone said:
You’re so far out of your league here even I feel sort of bad for you.2001400ex said:
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.
Something about freedom. Accuse you of using a logical fallacy. Free market. Back to freedom. Another logical fallacy accusation, this one erroneous. And back to the free market.
I think that covers his whole arsenal.
Come on APAG, you’re better than this.
You seem triggered. -
This isn’t Facebook. Be a better poaster!MikeDamone said:
Sick burn brah....allpurpleallgold said:
Whatever you think of Honda, I think less of you. Fuck off.MikeDamone said:
Doesn’t seem like you pay attention. But yeah, he’s the king of logical fallacies. Also he’s horrible at basic Econ so when the topic turns to slightly more advanced economic topics it’s an amazing display of fucktared babel which I summed up by his usual “stop sucking Trumps dick”.allpurpleallgold said:
I think I can answer for him.2001400ex said:
Care to bring some counter points?MikeDamone said:
You’re so far out of your league here even I feel sort of bad for you.2001400ex said:
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.
Something about freedom. Accuse you of using a logical fallacy. Free market. Back to freedom. Another logical fallacy accusation, this one erroneous. And back to the free market.
I think that covers his whole arsenal.
Come on APAG, you’re better than this.
You seem triggered.
