Mark the day this tax scam is signed as one of the darkest in American history

C

Craig234

Verified User
Republicans, make up your minds now.

If the economy does great and improves in the next 5 years after this bill, pat yourself on the back.

And if the economy crashes and does worse in the next 5 years after this bill, recognize YOU WERE WRONG. Admit it, and change your party and vote for Democrats WHO ARE RIGHT.

This is one of the worst days in American history. We're not just on the road to plutocracy, we're in its proximity, and we just burned a bridge to return to the American dream.

We're allowing a war to be won against the American people, American values, democracy, and it's a war that is going to become even harder for the American people to have a chance, as the other side just took $6 trillion more from us.

Democracy has failed - with the billions spent on propaganda to promote right-wing plutocracy, the media system used to fool the people, the voters have failed - and the country now will fail them.
 
I agree that american democracy has failed, but it has nothing to do with putting the takers out in the cold where they belong. Sorry takers, you can't have our money. Go fuck yourselves.
 
An increase in the effective corporate rate and an increase in our personal taxes in 5 years means you don't understand what's going on
 
katzgar said:
An increase in the effective corporate rate and an increase in our personal taxes in 5 years means you don't understand what's going on
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tax cuts can be extended in 10. There will be no increase in our personal taxes in 5 years. If you are referencing the CBO that is fake news.
 
Craig234 said:
Republicans, make up your minds now.

If the economy does great and improves in the next 5 years after this bill, pat yourself on the back.

And if the economy crashes and does worse in the next 5 years after this bill, recognize YOU WERE WRONG. Admit it, and change your party and vote for Democrats WHO ARE RIGHT.

This is one of the worst days in American history. We're not just on the road to plutocracy, we're in its proximity, and we just burned a bridge to return to the American dream.

We're allowing a war to be won against the American people, American values, democracy, and it's a war that is going to become even harder for the American people to have a chance, as the other side just took $6 trillion more from us.

Democracy has failed - with the billions spent on propaganda to promote right-wing plutocracy, the media system used to fool the people, the voters have failed - and the country now will fail them.
Click to expand...


DAMN; you cry an awful lot, for an adult.

:facepalm:
 
Craig234 said:
Republicans, make up your minds now.

If the economy does great and improves in the next 5 years after this bill, pat yourself on the back.

And if the economy crashes and does worse in the next 5 years after this bill, recognize YOU WERE WRONG. Admit it, and change your party and vote for Democrats WHO ARE RIGHT.

This is one of the worst days in American history. We're not just on the road to plutocracy, we're in its proximity, and we just burned a bridge to return to the American dream.

We're allowing a war to be won against the American people, American values, democracy, and it's a war that is going to become even harder for the American people to have a chance, as the other side just took $6 trillion more from us.

Democracy has failed - with the billions spent on propaganda to promote right-wing plutocracy, the media system used to fool the people, the voters have failed - and the country now will fail them.
Click to expand...


You're a laughable fuck, tell us how and why would a tax cut crash the economy? You're too stupid to breathe, kill yourself.
 
katzgar said:
An increase in the effective corporate rate and an increase in our personal taxes in 5 years means you don't understand what's going on
Click to expand...

Stop posting your lies that I have debunked ten times over.

A) the individual tax cuts expire in 2025, not because of the bill, the republicans, or Trump but because of the Senate Budget rules.

B) You're literally pulling that 20% marginal effective tax rate figure out of your ass.

The statutory corporate tax rate is 39%, and is being reduced to 21%, the average effective corporate tax rate is 29% and that is an estimate and that itself varies from industry to industry, now the effective marginal tax rate is 18.6% but your assertion that the effective marginal tax rate is going to increase under the bill is an overt lie based on nothing, if the statutory tax rate is reduced so too will the average and marginal effective tax rates.

The statutory tax rate is the rate levied on the next dollar of taxable profit. While this measure leaves a lot of information out, such as deductions and credits that reduce liability, it can have an impact on some business’s decisions by itself. One important decision it has an impact on is the location of profits. If the next dollar of profits is taxed at the statutory rate, companies have an incentive to locate their profits in countries with lower statutory tax rates. All else equal, high statutory tax rates tend to drive profit shifting.

The average effective tax rate is basically the amount of tax a corporation in a country pays divided by its income. As an all-in measure of tax burden, it considers the statutory tax rate, deductions, and any credits that reduce a corporation’s tax liability. Companies may look at the average effective tax rate when deciding which country to locate a new investment. All else equal, a company would rather put an investment in a country with a lower average effective tax rate because that investment will provide higher returns net of tax over its life.

The marginal effective tax rate is the tax corporations pay on a marginal investment, or an investment that makes just enough (in present value terms) to satisfy an investor, net of tax. This tax rate is mainly a function of the statutory tax rate and deductions corporations can tax on new investments, such as depreciation allowances. The marginal tax rate determines how much a company is willing to invest in a given country. The lower the marginal tax rate on new investment, the lower the pre-tax returns on those investments need to be to satisfy investors on an after-tax basis. As such, companies are more likely to pursue more investment projects when the marginal rate is lower.

The United States’ corporate tax ranks relatively high on all three measures. The U.S. has the highest statutory rate (39.1 percent), the third highest average effective tax rate (29 percent), and the fourth highest marginal effective tax rate (18.6 percent).

The CBO methodology isn’t perfect. Its methodology leaves out individual-level taxes on investment, which have an impact on investment behavior. In addition, its average effective tax rate measure for the United States and other countries is not perfectly comparable due to some data limitations. However, these findings are roughly comparable to the findings of other studies that have attempted to compare countries’ corporate tax systems with alternative methodologies.

https://taxfoundation.org/cbo-report-compares-us-corporate-tax-g20/

Your assertion that the statutory tax rate will be reduced from 39 to 21% yet the marginal effective tax rate will jump to 20% just proves that you have no idea what you're talking about, you are laughably stupid.
 
Craig234 said:
Republicans, make up your minds now.

If the economy does great and improves in the next 5 years after this bill, pat yourself on the back.
Click to expand...

And all the shit you own is Made in China ... or some other foreign country. :palm:
 
If the economy does great and improves in the next 5 years after this bill, pat yourself on the back.

And if the economy crashes and does worse in the next 5 years after this bill, recognize YOU WERE WRONG. Admit it, and change your party and vote for Democrats WHO ARE RIGHT.
Click to expand...
yes.. I would not want to be betting that the economy is going to crash and burn!
 
Craig234 said:
Republicans, make up your minds now.

If the economy does great and improves in the next 5 years after this bill, pat yourself on the back.

And if the economy crashes and does worse in the next 5 years after this bill, recognize YOU WERE WRONG. Admit it, and change your party and vote for Democrats WHO ARE RIGHT.

This is one of the worst days in American history. We're not just on the road to plutocracy, we're in its proximity, and we just burned a bridge to return to the American dream.

We're allowing a war to be won against the American people, American values, democracy, and it's a war that is going to become even harder for the American people to have a chance, as the other side just took $6 trillion more from us.

Democracy has failed - with the billions spent on propaganda to promote right-wing plutocracy, the media system used to fool the people, the voters have failed - and the country now will fail them.
Click to expand...
Most people saw this coming. Unfortunately, kids who were pissed about Bernie decided to allow it to happen. This POS bill has been changed so many times, I don't recall if millenials lost their tuition tax credit?

Or if fetal personhood is now law?
 
Althea said:
Most people saw this coming. Unfortunately, kids who were pissed about Bernie decided to allow it to happen. This POS bill has been changed so many times, I don't recall if millenials lost their tuition tax credit?

Or if fetal personhood is now law?
Click to expand...

Old angry white elite liberals rigged the Dem primary. Millenials should shit down your throats.

The Obamacare mandate, which forced millenials to pay for medical care for old ass retired and unemployed liberal white baby boomers, is being abolished!!!
 
Craig234 said:
Mark the day this tax scam is signed as one of the darkest in American history
Click to expand...

Oh geez, bring in the fainting couch.

tenor.gif
 
cawacko said:
Condolences to those who lost loved ones on this day that shall too live in infamy
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Thousands of Americans a year will lose their lives because of this bill in addition to all the other harm. You don't give a crap and can't be bothered to do more than say 'nuh uh'.
 
Craig234 said:
Thousands of Americans a year will lose their lives because of this bill in addition to all the other harm. You don't give a crap and can't be bothered to do more than say 'nuh uh'.
Click to expand...

When will you take your vow of poverty, Mother Teresa? :palm:
 
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