Tax Cuts
POSTED BY: THGRRI
UPDATED: Thursday, April 17, 2025 01:12
VIEWED: 22355
PAGE 5 of 20
Quote:If Congress spends $1.5 trillion on tax cuts, it won't have that $1.5 trillion to spend on "infrastructure". Not spending on the repair of "infrastructure" will cost $3.9 trillion in losses to the U.S. GDP by 2025, Trump's last year. Clear enough? I need write no more because Trump is gonna explain it to you in great and accurate detail during his State of the Union speech on Jan 30, 2018. Or maybe not since he'd feel obligated to give back his $15 million cut per year of the tax cut if Congress does not increase spending on "infrastructure" by $1.5 trillion in early 2018.
Originally posted by JEWELSTAITEFAN:Quote:Lettuce sea about these Tax Cuts. I'll use Tax tables from 2016 because I don't have 2017 or 2018.
Originally posted by second:Quote:Your analysis missed something really big. You won't be able to explain it away, either, unless you start imagining fake stories about Civil Engineers opposing the GOP.
Originally posted by JEWELSTAITEFAN:
there was no competition, the rest of the industrialized world having been bombed to rubble, during FDR's War. . . .
So over 80% of Americans will get larger paychecks due to lower taxes now. That's a bigger boom for workers than Bobo or Slick ever gave.
The American Society of Civil Engineers did an analysis of what will happen by 2025. Trump will still be President. To get his $1.5 trillion tax cut, Trump will do $3.9 trillion in damage to the American economy. This is how that happens:
Families bringing home less than $25,000 a year will see an average tax cut of $60 next year, compared with those earning more than $733,000, who would average $51,000 in savings, according to the nonpartisan Tax Policy Center. Whether a family gets $60 or $51,000, not one penny of the money will pay for the $2,064 billion shortfall in infrastructure spending. The lucky families won’t be taking their $60 and purchasing a new road or sewage treatment plant. And not paying for the things that Civil Engineers build will cause:
1) $3.9 trillion in losses to the U.S. GDP by 2025;
2) $7 trillion in lost business sales by 2025; and
3) 2.5 million lost American jobs in 2025.
4) On top of those costs, hardworking American families will lose upwards of $3,400 in disposable income each year.
www.infrastructurereportcard.org/the-impact/economic-impact/
Family of 4 with 25,000 has 2,500 taxable income and Fed Tax of $251. Cutting this by $60 is a 23.9% Tax Cut.
With 733,000 income has Fed Tax of $237,528. Cutting this by 51,000 is less than 21.5% Tax Cut.
Not sure I understand your complaint, or implication of unfairness. Clarify?
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Trump, Kushner, et al, will not be getting any windfallz kuz they will be in prizon. All there holdingz will be auctioned off to repay the stolen money, settle their many lawsuits and return rubblez to Russian pezants.
At least in my dreamz.
----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
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Quote:well, at least you got that right.
Originally posted by JO753:
Trump, Kushner, et al, will ...
At least in my dreamz.
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Quote:Where was this argument during the Trillions wasted on Quantitative Easing?
Originally posted by second:Quote:If Congress spends $1.5 trillion on tax cuts, it won't have that $1.5 trillion to spend on "infrastructure". Not spending on the repair of "infrastructure" will cost $3.9 trillion in losses to the U.S. GDP by 2025, Trump's last year. Clear enough? I need write no more because Trump is gonna explain it to you in great and accurate detail during his State of the Union speech on Jan 30, 2018. Or maybe not since he'd feel obligated to give back his $15 million cut per year of the tax cut if Congress does not increase spending on "infrastructure" by $1.5 trillion in early 2018.
Originally posted by JEWELSTAITEFAN:Quote:Lettuce sea about these Tax Cuts. I'll use Tax tables from 2016 because I don't have 2017 or 2018.
Originally posted by second:Quote:Your analysis missed something really big. You won't be able to explain it away, either, unless you start imagining fake stories about Civil Engineers opposing the GOP.
Originally posted by JEWELSTAITEFAN:
there was no competition, the rest of the industrialized world having been bombed to rubble, during FDR's War. . . .
So over 80% of Americans will get larger paychecks due to lower taxes now. That's a bigger boom for workers than Bobo or Slick ever gave.
The American Society of Civil Engineers did an analysis of what will happen by 2025. Trump will still be President. To get his $1.5 trillion tax cut, Trump will do $3.9 trillion in damage to the American economy. This is how that happens:
Families bringing home less than $25,000 a year will see an average tax cut of $60 next year, compared with those earning more than $733,000, who would average $51,000 in savings, according to the nonpartisan Tax Policy Center. Whether a family gets $60 or $51,000, not one penny of the money will pay for the $2,064 billion shortfall in infrastructure spending. The lucky families won’t be taking their $60 and purchasing a new road or sewage treatment plant. And not paying for the things that Civil Engineers build will cause:
1) $3.9 trillion in losses to the U.S. GDP by 2025;
2) $7 trillion in lost business sales by 2025; and
3) 2.5 million lost American jobs in 2025.
4) On top of those costs, hardworking American families will lose upwards of $3,400 in disposable income each year.
www.infrastructurereportcard.org/the-impact/economic-impact/
Family of 4 with 25,000 has 2,500 taxable income and Fed Tax of $251. Cutting this by $60 is a 23.9% Tax Cut.
With 733,000 income has Fed Tax of $237,528. Cutting this by 51,000 is less than 21.5% Tax Cut.
Not sure I understand your complaint, or implication of unfairness. Clarify?
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Yep, can't wait until the 2018 elections. Yep, can't wait. Tick tock, tick tock the elections are going to rock.
More than 4 in 5 enrolled in 'Obamacare' are in Trump states
Americans in states that Donald Trump carried in his march to the White House account for more than 4 in 5 of those signed up for coverage under the health care law the president still wants to take down.
An Associated Press analysis of new figures from the government found that 7.3 million of the 8.8 million consumers signed up so far for next year come from states Trump won in the 2016 presidential election. The four states with the highest number of sign-ups — Florida, Texas, North Carolina and Georgia, accounting for nearly 3.9 million customers — were all Trump states.
http://abcnews.go.com/Health/wireStory/enrolled-obamacare-trump-states
-51958050
T
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Quote:I swear to God and upon my multi-million dollar pile of money, JewelStaiteFan is fucking stupid about what the Federal Reserve Bank can do. Quantitative Easing works exactly like this:
Originally posted by JEWELSTAITEFAN:Quote:Where was this argument during the Trillions wasted on Quantitative Easing?
Originally posted by second:Quote:If Congress spends $1.5 trillion on tax cuts, it won't have that $1.5 trillion to spend on "infrastructure". Not spending on the repair of "infrastructure" will cost $3.9 trillion in losses to the U.S. GDP by 2025, Trump's last year. Clear enough? I need write no more because Trump is gonna explain it to you in great and accurate detail during his State of the Union speech on Jan 30, 2018. Or maybe not since he'd feel obligated to give back his $15 million cut per year of the tax cut if Congress does not increase spending on "infrastructure" by $1.5 trillion in early 2018.
Originally posted by JEWELSTAITEFAN:Quote:Lettuce sea about these Tax Cuts. I'll use Tax tables from 2016 because I don't have 2017 or 2018.
Originally posted by second:Quote:Your analysis missed something really big. You won't be able to explain it away, either, unless you start imagining fake stories about Civil Engineers opposing the GOP.
Originally posted by JEWELSTAITEFAN:
there was no competition, the rest of the industrialized world having been bombed to rubble, during FDR's War. . . .
So over 80% of Americans will get larger paychecks due to lower taxes now. That's a bigger boom for workers than Bobo or Slick ever gave.
The American Society of Civil Engineers did an analysis of what will happen by 2025. Trump will still be President. To get his $1.5 trillion tax cut, Trump will do $3.9 trillion in damage to the American economy. This is how that happens:
Families bringing home less than $25,000 a year will see an average tax cut of $60 next year, compared with those earning more than $733,000, who would average $51,000 in savings, according to the nonpartisan Tax Policy Center. Whether a family gets $60 or $51,000, not one penny of the money will pay for the $2,064 billion shortfall in infrastructure spending. The lucky families won’t be taking their $60 and purchasing a new road or sewage treatment plant. And not paying for the things that Civil Engineers build will cause:
1) $3.9 trillion in losses to the U.S. GDP by 2025;
2) $7 trillion in lost business sales by 2025; and
3) 2.5 million lost American jobs in 2025.
4) On top of those costs, hardworking American families will lose upwards of $3,400 in disposable income each year.
www.infrastructurereportcard.org/the-impact/economic-impact/
Family of 4 with 25,000 has 2,500 taxable income and Fed Tax of $251. Cutting this by $60 is a 23.9% Tax Cut.
With 733,000 income has Fed Tax of $237,528. Cutting this by 51,000 is less than 21.5% Tax Cut.
Not sure I understand your complaint, or implication of unfairness. Clarify?
www.investopedia.com/terms/q/quantitative-easing.asp
The Federal Reserve targets the supply of money by buying or selling government bonds. When the economy stalls and the central bank wants to encourage economic growth, it buys government bonds. It pays for the bonds with money it prints. It doesn't ask those ignorant motherfuckers in Congress for permission. Why not? Because quantitative easing is nothing like a tax. It's money created out of thin air. The worst that can happen is that all this newly created money can make inflation soar to 10% or 20% or 30% per year, but that didn't happen. It is still at 2%.
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The tax bill just passed, presented as a tax cut for workers and job-creating entrepreneurs, is instead a giant cut for those with capital and inherited wealth. It’s a bill that rewards the past, not the future.
Critically, the bill massively cuts corporate income taxes, mainly by reducing the corporate tax rate from 35% to 20%. Whatever one believes about the long-term effects of cutting corporate taxes, it is clear that in the short and medium term, the cut overwhelmingly benefits shareholders who can reap their additional profits without any extra work.
The US has experienced a perfect storm of radical policy changes: the federal minimum wage has collapsed, unions have been weakened and access to higher education has become increasingly unequal. At the same time, deregulation in the finance industry and overly protective patent laws have contributed to booms on Wall Street and in the healthcare sector, which now makes up 20% of national income.
It’s a tale of two countries: the top half’s income has been growing at roughly the same rate as China, while for the 117 million American adults in the bottom 50%, income growth has been nonexistent for a generation. Many observers have been quick to blame globalisation, China and technology for the stagnation of working-class wages in the US. But the data from countries other than the US, presented in our report http://wir2018.wid.world/ , offers a fuller picture. The US has run a unique experiment since the 1980s – and the results have been uniquely disastrous. Bad policy can have a real impact on millions of lives, for decades. But what governments have done, they can still undo.
Much more at:
www.theguardian.com/inequality/2017/dec/14/inequality-is-not-inevitabl
e-but-the-us-experiment-is-a-recipe-for-divergence
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Fathom the hypocrisy of a government that requires every citizen to prove they are insured... but not everyone must prove they are a citizen
I'm just a red pill guy in a room full of blue pill addicts.
" AU, that was great, LOL!! " - Chrisisall
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Fathom the hypocrisy of a government that requires every citizen to prove they are insured... but not everyone must prove they are a citizen
I'm just a red pill guy in a room full of blue pill addicts.
" AU, that was great, LOL!! " - Chrisisall
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Quote:To not know that Bernie opposed the tax cut, a Bernie “supporter” or a “Liberal” has to be willfully ignorant.
Originally posted by AURaptor:
Bernie Fans Love Republican Tax Plan
Liberals Love Trump's Tax Plan... When Told It's Bernie Sanders' Plan
I'm just a red pill guy in a room full of blue pill addicts.
When the Republican Tax Bill passed the Senate all 48 Democrats voting against. The House voted 227 to 203 to pass the bill, with 12 Republicans voting against it and no Democrats voting for it. One of the Senators voting against the Tax Bill was Bernie, just in case you need that explained to you, AURaptor. I never can know how little you know.
www.nytimes.com/2017/12/19/us/politics/tax-bill-vote-congress.html
On a thousand different occasions over many years, Jay Leno proved that Americans who are questioned on the street don't know the answers.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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