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re: The corporate tax cuts will be permanent while the individual tax cuts temporary

Posted on 12/19/17 at 5:18 pm to
Posted by moneyg
Member since Jun 2006
56554 posts
Posted on 12/19/17 at 5:18 pm to
quote:

You seem upset the economy is about to BOOM


He's scared to death that will happen.

That's the consensus opinion from the left. They are rooting against this tax plan and against the economy. Let that sink in.
Posted by highpockets
Lafayette
Member since Feb 2015
1895 posts
Posted on 12/19/17 at 5:20 pm to
quote:

old fart planning to retire in 10 years


12 years to be exact, counting the days.
Posted by Aristo
Colorado
Member since Jan 2007
13292 posts
Posted on 12/19/17 at 5:20 pm to
Did you know that some corporations have only two employees?The idea that all corporations are this big bad enemy of the people is lunacy at its best.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123945 posts
Posted on 12/19/17 at 5:23 pm to
quote:

wiping out any modest growth that it otherwise might create
Posted by TigersFan64
Baton Rouge, LA
Member since Oct 2014
4755 posts
Posted on 12/19/17 at 5:34 pm to
Trump and the rest of his wealthy friends, along with corporations will be the biggest winners from this tax scam bill the Republicans are passing off as being mainly for the middle class. Trump and his family will make out like bandits from the reduction of "pass-through" income tax rates, the elimination of the alternative minimum tax and the increase in the exemption for wealthy inheritors. If the Republicans truly wanted a "middle-class" tax cut, there was absolutely no reason to do away with the alternative minimum tax or do away with the federal estate tax (which taxes transfers of wealth, not "death" btw) which only the wealthy get hit by.
Posted by RobbBobb
Matt Flynn, BCS MVP
Member since Feb 2007
27935 posts
Posted on 12/19/17 at 5:34 pm to
quote:

corporate tax cuts

quote:

individual tax cuts

uh, so individuals don't make incomes from working for corporations anymore?

And those same individuals don't purchase goods and services from said corporations?

Its almost as if individuals could benefit from corporations paying less taxes? What a concept

Posted by TigersFan64
Baton Rouge, LA
Member since Oct 2014
4755 posts
Posted on 12/19/17 at 5:43 pm to
quote:

uh, so individuals don't make incomes from working for corporations anymore?


The corporations have been sitting on mountains of cash for years. Anyone who thinks they are just suddenly going to give all their employees big pay raises because their taxes have been cut are naïve. Corporations will most likely use the bulk of their tax savings on dividends to stockholders and bonuses to corporate CEO's.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
260857 posts
Posted on 12/19/17 at 5:44 pm to
quote:

Trump and the rest of his wealthy friends, along with corporations will be the biggest winners from this tax scam bill the Republicans are passing off as being mainly for the middle class.


Spoken like a true Marxist.
Posted by PurpleandGold Motown
Birmingham, Alabama
Member since Oct 2007
22001 posts
Posted on 12/19/17 at 5:45 pm to
And?

Tax on corps is a tax on the average man.
Posted by beerJeep
Louisiana
Member since Nov 2016
35047 posts
Posted on 12/19/17 at 5:46 pm to
quote:

away with the federal estate tax (which taxes transfers of wealth, not "death" btw) which only the wealthy get hit by.


Because it is highway robbery. Why should my grandparents estate be taxed after they die and hand it down?
Posted by Antonio Moss
Baton Rouge
Member since Mar 2006
48320 posts
Posted on 12/19/17 at 5:47 pm to
quote:

corporate tax cuts will be permanent


That's great

quote:

while the individual tax cuts temporary


Pretty good. Hopefully they get renewed
Posted by Ingloriousbastard
Member since May 2015
917 posts
Posted on 12/19/17 at 5:59 pm to
The corporate tax cuts are more important to the economy. Also, receiving a tax cut instead of not is obviously better.

Stop being dumb.
Posted by Antonio Moss
Baton Rouge
Member since Mar 2006
48320 posts
Posted on 12/19/17 at 6:04 pm to
quote:

The corporations have been sitting on mountains of cash for years.


False. They've been purchasing high rates of stock. That's why 401Ks and other investment accounts are blowing up.

God bless Capitalism
Posted by Aristo
Colorado
Member since Jan 2007
13292 posts
Posted on 12/19/17 at 6:08 pm to
quote:

corporations


Do you know what this is?
Posted by cajunandy
New Orleans
Member since Nov 2015
671 posts
Posted on 12/19/17 at 6:36 pm to
When the time comes, do you really think that Congress will allow the individual tax cuts expire? Even Obama extended the Bush tax cuts.

If the corporate tax cuts had been made temporary and the Dems/libs controlled congress then you can bet that those cuts would be allowed to expire. Because they have been made permanent, Congress will have to pass a legislation to raise them and have the President sign it.
Posted by RobbBobb
Matt Flynn, BCS MVP
Member since Feb 2007
27935 posts
Posted on 12/19/17 at 7:33 pm to
quote:

Corporations will most likely use the bulk of their tax savings on dividends to stockholders and bonuses to corporate CEO's.

quote:

stockholders

also known as individuals
quote:

corporate CEO's

see above
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