When Lower Tax RATES Produce Higher Tax Revenue
POSTED BY: JEWELSTAITEFAN
UPDATED: Thursday, July 4, 2019 03:19
VIEWED: 9588
PAGE 4 of 8
Well, the next couple years should provide a test, with fresh data.
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Heard a news story.
Apple is repatriating some money it stuck in overseas Tax havens
Apparently Tax Reform has some provision for a one-time window allowing repatriation of money at a one-time reduced Tax Rate.
Ahem.
Because of a Lower Tax Rate.
Perhaps Jayne can help us with the math on higher Tax Rate applied to zero: nuthin and nuthin is, ah, nuthin, carry the nuthin....
And now we have a Lower Tax Rate, creating sumthin.
OK, Libtards pay attention now. Which is greater: nuthin or sumthin?
Apparently it was $250 Billion brought back. $38 Billion Tax contribution.
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Quote:Is that crickets I hear?
Originally posted by JEWELSTAITEFAN:
Heard a news story.
Apple is repatriating some money it stuck in overseas Tax havens
Apparently Tax Reform has some provision for a one-time window allowing repatriation of money at a one-time reduced Tax Rate.
Ahem.
Because of a Lower Tax Rate.
Perhaps Jayne can help us with the math on higher Tax Rate applied to zero: nuthin and nuthin is, ah, nuthin, carry the nuthin....
And now we have a Lower Tax Rate, creating sumthin.
OK, Libtards pay attention now. Which is greater: nuthin or sumthin?
Apparently it was $250 Billion brought back. $38 Billion Tax contribution.
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I've heard Amazon and Exxon/Mobil are following Apple's lead, but not clarity on the details.
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Not sure if FOXCONN has been mentioned around here. It is a tech company building a huge manufacturing complex in Southeast Wisconsin.
They worked out a contract with Gov Scott Walker, and a reduced Tax Rate was involved. Something like 15,000 jobs will be created just from the facility directly.
Some have claimed it was just a PR scam, it wouldn't really happen. The process to draw 7,000,000 gallons of water per day from Lake Michigan is being worked out.
Not a guarantee, but today was announced that FOXCONN purchased a 7 story building in downtown lakefront Milwaukee for their US HQ.
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Quote:I just saw the news report that the FOXCONN package included 17% Tax reduction.
Originally posted by JEWELSTAITEFAN:
Not sure if FOXCONN has been mentioned around here. It is a tech company building a huge manufacturing complex in Southeast Wisconsin.
They worked out a contract with Gov Scott Walker, and a reduced Tax Rate was involved. Something like 15,000 jobs will be created just from the facility directly.
Some have claimed it was just a PR scam, it wouldn't really happen. The process to draw 7,000,000 gallons of water per day from Lake Michigan is being worked out.
Not a guarantee, but today was announced that FOXCONN purchased a 7 story building in downtown lakefront Milwaukee for their US HQ.
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The local Ultra Food grocery store closed down about 5 months ago. I just went to the Family Dollar that was located to the side of it today to pick up a few things and it was shuttered up. That's not good.
Do Right, Be Right. :)
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Quote:we just got a new Meijer last year, seems they opened several in the region. Took years of wrangling with our idiot city council.
Originally posted by 6IXSTRINGJACK:
The local Ultra Food grocery store closed down about 5 months ago. I just went to the Family Dollar that was located to the side of it today to pick up a few things and it was shuttered up. That's not good.
Do Right, Be Right. :)
I asked the other day why a business moved s few doors away, but in the same building. They said that 2 units were needed, for a new Dominoes.
While some places are breaking new ground, other places are trying to Go out of business.
Winnebago's Lakewood Golf Course got sold for the new huge Oshkosh Corp HQ.
FOXCONN making a huge campus in Racine.
Haribo building the its first American facility near Racine.
Green Bay is urgently rebuilding it's docks for the new Cruise Ships making port in a few months. And their baseball team Bullfrogs building a huge new stadium after the city dragged their feet for too many years.
I heard Aldi's is building several new stores around here, but I don't recall the specifics.
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Quote:Some have said the FOXCONN agreement was just a scam, because other preliminary agreements never resulted in Groundbreaking.
Originally posted by JEWELSTAITEFAN:Quote:I just saw the news report that the FOXCONN package included 17% Tax reduction.
Originally posted by JEWELSTAITEFAN:
Not sure if FOXCONN has been mentioned around here. It is a tech company building a huge manufacturing complex in Southeast Wisconsin.
They worked out a contract with Gov Scott Walker, and a reduced Tax Rate was involved. Something like 15,000 jobs will be created just from the facility directly.
Some have claimed it was just a PR scam, it wouldn't really happen. The process to draw 7,000,000 gallons of water per day from Lake Michigan is being worked out.
Not a guarantee, but today was announced that FOXCONN purchased a 7 story building in downtown lakefront Milwaukee for their US HQ.
A few days ago FOXCONN broke ground on their Racine campus.
Locals pronounce Racine as RUH-seen.
For those not familiar with the region, Racine and Kenosha Counties are along Lake Michigan, South of Milwaukee to the Illinois border. Both Counties have lots space available, yet the southeast corner of Wisconsin accounts for 60% of the State's population. And across the stateline is considered ChicagoLand.
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Trump's Tax Reform went into effect this year. Tax withholding Tables were required to be used before the end of February.
The first full Quarterly Taxes were collected in April.
April found the highest ever Revenues dumped into the coffers in a month, $515 Billion. This is $30-40 Billion more than CBO had projected.
This puts the 3-month arc at $885 B Revenue, $1,090 B Outlays, $205 B Deficit for Feb, Mar, Apr 2018.
Compared to $844 B Rev, $1,030 B Out, $185 B Def in 2017.
And $836 B Rev, $1,028 B Out, $193 B Def in 2016.
Instead of a year to year increase of $8B Revenue, Trump generated $41B Revenue increase over the previous year.
The Surplus for Jan 2018 was about the same as Jan 2017 and 2016.
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