tariffs

[chico2663]

Then even more incredible.

You hate him because you are a lib. And he is a billionaire. I understand. Still gota give the devil his due. Made a few a bil, banged super models and won POTUS. I'd call that successful no?

you love him because you think the success will flow down. You brag about a tax plan that 84% goes to the top 1 %. That 33 % goes to investors that are foreign through buy backs and dividends. But only 3% goes to the working man but because the koch brothers put out some commercials but you believe it. But you believe everyone else is a sheep. Oh baconator just keep quiet and your lack of knowledge may go unnoticed.

[chico2663]

Also you claim your not democratic but you follow policies that are liberal.

[RoyBacon]

you love him because you think the success will flow down. You brag about a tax plan that 84% goes to the top 1 %. That 33 % goes to investors that are foreign through buy backs and dividends. But only 3% goes to the working man but because the koch brothers put out some commercials but you believe it. But you believe everyone else is a sheep. Oh baconator just keep quiet and your lack of knowledge may go unnoticed.

Only left wing libs would describe the tax plan so intellectually dishonest.

Do you not know how the tax plan breaks down or intellectually dishonest? You fancy yourself as having basic tax code knowledge so I have to go with typical lib intellectually dishonest.

If you want me to explain it to you let me know. I won't waste my time if you do actually know and are playing the standard dishonest lib talking point.

[jayfly]

Only left wing libs would describe the tax plan so intellectually dishonest.

Do you not know how the tax plan breaks down or intellectually dishonest? You fancy yourself as having basic tax code knowledge so I have to go with typical lib intellectually dishonest.

If you want me to explain it to you let me know. I won't waste my time if you do actually know and are playing the standard dishonest lib talking point.

Please explain RB, I would love to hear this lol

[RoyBacon]

Please explain RB, I would love to hear this lol

Sure. Chico needs this too.

In round numbers 60% of the tax cuts goes to business. The majority of businesses are small including many 1 man or family businesses. When the libs calculate their number they start with ALL 60% as "rich".

So that leaves 40% for individuals. The majority of the cuts were used to raise the standard deduction from $12k to $24k. Eliminating ALL taxes for the working poor.

"The rich", incomes over $485k get a 2% break but that is mostly wiped out by loss of deductions.

There you have it. The tax cuts go to business and the working poor, nearly all of it.

[chico2663]

Sure. Chico needs this too.

In round numbers 60% of the tax cuts goes to business. The majority of businesses are small including many 1 man or family businesses. When the libs calculate their number they start with ALL 60% as "rich".

So that leaves 40% for individuals. The majority of the cuts were used to raise the standard deduction from $12k to $24k. Eliminating ALL taxes for the working poor.

"The rich", incomes over $485k get a 2% break but that is mostly wiped out by loss of deductions.

There you have it. The tax cuts go to business and the working poor, nearly all of it.

https://www.kiplinger.com/slideshow/investing/T052-S001-10-companies-making-huge-stock-buybacks-in-2018/index.html

[chico2663]

Roy this tax cut made it easier for companies to take their money off shore and allowed them to not pay any taxes on it. Where is all that money that is supposed to be coming back? These jobs that these companies are promising to bring back are the same ones that were promised to obama. Did you know that 33% of the stock market is owned by people that aren't from the usa. That means when those stock buy backs are being done those are given to people not in the usa. Also most working people that have money in stock market is in 401k's.
You used to brag about how well the stock market was doing but refused to give obummer credit. Now not a peep.
either you are intellectually dishonest or just not that bright. Maybe trump can hire you to take sarah sanders place. That way you would at least get paid to lie for this guy.

[rkelly110]

https://www.kiplinger.com/slideshow/...018/index.html

If I remember right, you called this before tax cuts.

[RoyBacon]

chico, honestly, you read a little and make up a little.

I just had a tax session with intl tax attorneys as part of my consulting. Some of the foreign defferment is being eliminated...unfairly I might add.

"The Tax Act added new section 951A, which requires US shareholders of a CFC to include in gross income their global intangible low-taxed income (GILTI). Only 50 percent of GILTI is included in the taxable income of US shareholders that are corporations, but 100 percent is included in the income of US shareholders who are individuals." https://www.mwe.com/en/thought-leade...tax-reform-act

Basically, Trump is forcing money to come back home by taking away the incentive for foreign generated profits to remain abroad untaxed. Unfair in my opinion.

Overall this is a smart tax plan if the goal is growth. There are carrots and there are sticks.

[rkelly110]

Instead of tariffs, how about telling those who power dump their shit on our shores to turn around and don't come back?

How about telling those (un Americans) who buy that shit to stop or get fined?

Imports should be ordered, not power dumped.

That's why we have illegals here, (un American) companies hiring them. Fine them and or shut them down.

Fuk America, show me the money is what these people think.

[RoyBacon]

Instead of tariffs, how about telling those who power dump their shit on our shores to turn around and don't come back?

How about telling those (un Americans) who buy that shit to stop or get fined?

Imports should be ordered, not power dumped.

That's why we have illegals here, (un American) companies hiring them. Fine them and or shut them down.

Fuk America, show me the money is what these people think.

Didn't understand nare a word you said but like the passion! MAGA!

[chico2663]

chico, honestly, you read a little and make up a little.

I just had a tax session with intl tax attorneys as part of my consulting. Some of the foreign defferment is being eliminated...unfairly I might add.

"The Tax Act added new section 951A, which requires US shareholders of a CFC to include in gross income their global intangible low-taxed income (GILTI). Only 50 percent of GILTI is included in the taxable income of US shareholders that are corporations, but 100 percent is included in the income of US shareholders who are individuals." https://www.mwe.com/en/thought-leade...tax-reform-act

Basically, Trump is forcing money to come back home by taking away the incentive for foreign generated profits to remain abroad untaxed. Unfair in my opinion.

Overall this is a smart tax plan if the goal is growth. There are carrots and there are sticks.

roy shame your not a company. No i don't mean c corp because i used that forever. I mean a company that is allowed to transfer their money out to one of their foreign offices. I wish you were than you may understand

[chico2663]

also my uncle owns a plant in usa and columbia s.a. How do you think i know this shit.

[RoyBacon]

Foreign companies are generally LLC's or SA's of some kind with a holding company in a tax free jurisdiction to avoid dbl taxation and qualify for qualified dividends. Never worked in Colombia. Heard a lotttt of good about it.

[chico2663]

Foreign companies are generally LLC's or SA's of some kind with a holding company in a tax free jurisdiction to avoid dbl taxation and qualify for qualified dividends. Never worked in Colombia. Heard a lotttt of good about it.

wtf no roy not true.

https://www.vox.com/2017/12/19/16791936/repatriation-holiday-republican-tax-bill-explained

now i can show you about 6 others if you can't figure this out