After two years, Trump's tax cuts have failed Americans

Discussion in 'Economics' started by Frederick Foresight, Dec 22, 2019.

  1. I just sent a letter to Secy of Treasury and Council of Economic Advisors that if we tax farts we can balance the budget within 2 years. Especially with contributions from major Tex-Mex areas of the country.

    You can see the full projections in my blog "I Burped In My Diaper!"
     
    #141     Dec 29, 2019
  2. ironchef

    ironchef

    No need to be sarcastic.

    His posts provided some different perspectives on economics and finance. As far as I can tell, he is a serious economist and deserves respect.
     
    #142     Dec 30, 2019
  3. You should answer every question promoting your blog
     
    #143     Dec 30, 2019
  4. ok....
     
    #144     Dec 30, 2019

  5. Doing Ding Ding we have a winner.

    As an owner of two business I dont know at all what my employees pay in taxes as for some reason they wont send me a copy of their tax returns haha.

    If I was going to give someone a raise of $5k and I find out they are getting $7k more in a tax cut (hypothetically) why give them a raise? So it is a fallacy that tax cuts make me give my employees a raise.

    Tax cuts to me mean more.money in my pockets, I was already giving them a raise because my business is doing well, not because of some overpaid civil servant in D.C.

    I dont know my.employees tax exemptions or deductions or situations, I pay based on my business and future prospects and Bush, Obama and Trump got nuttin to do with it.

    This while myth that tax cuts means higher wages to lower and middle class is a fake presentation under the assumption that they are keeping a little more money via a tax cut so they have a pay raise. However the amount of difference in their paycheck from whatever minuscule tax cut that filters to the poor and middle class is wiped out with higher cost of living, medical expenses and the fact that the tax cut is mostly on paper when filing in April, not a monthly raise.

    Tax cuts always benefit the rich who love to put up.misleading charts showing how the poor get 2% more on paper.
     
    #145     Dec 30, 2019
    SunTrader likes this.
  6. volpri

    volpri

    Did you give them a raise or two when Mr O was in?
     
    #146     Dec 30, 2019

  7. They get raises every year no matter what fuckstick is in the White House. nice try though.
     
    #147     Dec 30, 2019
    Overnight likes this.
  8. volpri

    volpri

    Even in the bad years?
     
    #148     Dec 31, 2019
  9. themickey

    themickey

    In a bad year they take a bath.
    austin-powers-relax.jpg
     
    #149     Dec 31, 2019
  10. SunTrader

    SunTrader

    Aren't you assuming ElOchoCinco's company had bad year(s) because he already said he bases his decision on how his company does. As he should. Business is business and politics is .... shit.
     
    #150     Dec 31, 2019