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Posted on 12/26/19 at 9:22 pm to JohnnyU
quote:
yet expectations that companies would increase their investments in labor or business expansions are not panning out.
the CAPEX we’ve seen over the last three years laughs at this. You should be mad at whoever told you this. they lied to you. Posted on 12/26/19 at 9:37 pm to JohnnyU
quote:
benefiting top management and investors far more than the average worker."
What is stopping the average worker from being an investor and benefiting? It costs next to nothing to buy stocks or index funds now.
Posted on 12/26/19 at 10:05 pm to JohnnyU
quote:
"The GOP tax law drastically cut taxes on U.S. businesses, slashing the corporate rate to 21 percent from 35 percent, yet expectations that companies would increase their investments in labor or business expansions are not panning out. At least not in contrast to the rewards being heaped upon investors."
$465B in repatriated funds (thus far), historically low Unemployment, wages rising faster for lower and middle class workers than for upper class, a record number of people working in the US and we are at this point because of Trump's tax cuts.
quote:
Fools! Scammed again.
Uh-huh. Just wait until the USMCA and China deals are finalized.
Posted on 12/26/19 at 10:46 pm to JohnnyU
John Keynes disagrees with your assessment. Modern monetary theory disagrees also. Keeping more money in the money supply increases demand. Liberals and conservatives just differ on what government debt should invest in.
Posted on 12/27/19 at 3:39 am to JohnnyU
quote:
JohnnyU
quote:Irony.
If something doesn't work repackage it and do it again
You keep repackaging the same anti-intellectual prattle, assuming it will finally come across as factual and well-founded.
But as the saying goes, "Facts are stubborn things."
e.g., German Corporate Tax is around 15% while Japan's recently increased to 10.3%.
You seem to assume US companies could compete internationally w/o consequence, given an extra 20-30% tax overhead. It is an exceedingly odd contention.
Posted on 12/27/19 at 3:58 am to JohnnyU
quote:
expectations that companies would increase their investments in labor or business expansions are not panning out
That is why as an employer I have a hard time finding great workers... and why I have a harder time finding deals on commercial real estate.
Tl;dr you're fricking ignorant.
Posted on 12/27/19 at 4:24 am to JohnnyU
I bet you thought this sounded really good when you writing it with all of that estrogen coursing through your veins?
Posted on 12/27/19 at 5:26 am to Bourre
quote:
quote:
Democrat Strategy: If enslavement of black people doesn't work, repackage it and do it again.
Never saw that formulation of DEM strategy before - have inferred it from time to time - but that is a perfect description of LBJs legacy
Posted on 12/27/19 at 5:55 am to JohnnyU
Ohhh boy... here we go again. Once again, a republican president getting economic results the Democrats are clueless on achieving so we back to “ someone else gets more than ME”. This is such an absolute childish, high school teenage-girl argument. Grow up little boy.
Posted on 12/27/19 at 6:50 am to NC_Tigah
quote:
German Corporate Tax is around 15%
I get your overall point, but the Trade Tax (basically state/municipal and also assessed on income) for domestic and foreign companies in Germany averages around 14%-15%. Between CIT and TT, you're talking about a 30%+ tax footprint.
Germany was probably one of the worst examples you could have used to illustrate your point.
Also, your ignoring the inhabitants and local enterprise tax (again, also income-based) impact on the Japanese effective rate. 10.3% is pretty far off.
Basically, you should have just gone with the UK for your example.
This post was edited on 12/27/19 at 7:08 am
Posted on 12/27/19 at 7:07 am to TBoy
If you can't beat em, join em. . . Is that the strategy here?
Are you really happy with the way government spends your money? Does that taxation end up back in your pocket in any tangible way?
Are you really happy with the way government spends your money? Does that taxation end up back in your pocket in any tangible way?
Posted on 12/27/19 at 7:08 am to AustinTigr
quote:
Once again, a republican president getting economic results
It's been a LONG time since we've had a republican president getting economic results. It is nice to see, and IT IS happening.
But Bush Jr. didn't do many great things economically. I always thought of him as an economic liberal and conservative on most other things.
Posted on 12/27/19 at 7:10 am to WhiskeyThrottle
quote:
Are you really happy with the way government spends your money?
A huge chunk just goes back to corporations like Walmart etc.
Posted on 12/27/19 at 7:14 am to JohnnyU
Cutting taxes on businesses attracts businesses to the U.S. and frees up capital for new hires and raises among existing businesses.
But if you keep repeating the lie that it doesn’t work, maybe you’ll be believed.
Posted on 12/27/19 at 8:13 am to narddogg81
quote:
quote:
If something doesn't work repackage it and do it again
sounds like the left with communism
Democratic Socialism: It Will Work This Time!
Posted on 12/27/19 at 8:16 am to JohnnyU
There's so much wrong with this post that I'm not even gonna try to respond to it. However, I did want to take the time to tell you that you don't understand anything about economics or business and should stick to social work or art history or whatever it is that you do to struggle in this economy.
Posted on 12/27/19 at 9:16 am to Superquincy
quote:
Do you know what the corporate tax rates are in countries with competing industries?
The world average is 22.5%
Except most the wealthiest corporations don't pay anything close to that number.
The ITEP looked at 379 of the Fortune 500 companies. The average that those 379 companies paid in taxes was 11.3%.
91 of the companies paid $0 in taxes
56 paid an average rate of 2.2%
Please keep telling us how these companies will flee elsewhere because our taxes are high.
Remember when Trump said he would shut down all the Tax Loop holes? Guess he is saving that for term 2 after giving away the farm to corporations in term 1.
This post was edited on 12/27/19 at 9:17 am
Posted on 12/27/19 at 9:18 am to TiketheMiger
quote:
TiketheMiger
Liberal
Posted on 12/27/19 at 9:27 am to TiketheMiger
quote:
The ITEP looked at 379 of the Fortune 500 companies. The average that those 379 companies paid in taxes was 11.3%.
91 of the companies paid $0 in taxes
56 paid an average rate of 2.2%
This thread has it all. People from both sides of the aisle citing numbers they don't even begin to understand.
Is this like when Fedex was supposedly "owed money from the government" according to the NYT because they re-measured their deferreds?
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