Trump vows to cut corporate taxes [Real News]

[Barry-xlovecam]

If you net more than $400K per year ...

Trump vows to cut taxes for businesses | TheHill

Trump promised to cut taxes for businesses and the middle-class as part of his America First program.

?We are going to be cutting taxes massively for both the middle class and for companies. And that's massively. We're trying to get it down anywhere from 15 to 20 percent, it's now 35 percent, but it's probably more 38 percent than it is 35,? he told a group of business leaders at the White House.

The top corporate tax rate is 35 percent, though companies can bring down their tax bills with various breaks.

The top individual tax rate is 39.6 percent for income above $466,951 annually.

Wow Middle Class people sure do make a lot of money in America

MAGA Hoo Yah!

[Coup]

Nice Meltdown

[Barry-xlovecam]

I just hit the Trump Lottery ...

[PornDiscounts-V]

39.6% before many different strategies to reduce that number to 20%, effectively paying less than middle class.

[baddog]

Originally Posted by Barry-xlovecam

I just hit the Trump Lottery ...

I am sure if you feel like you should pay more they will let you.

I expect you will; don't let us down.

[Linkster]

Originally Posted by Barry-xlovecam

If you net more than $400K per year ...


Wow Middle Class people sure do make a lot of money in America

MAGA Hoo Yah!

How in the fuck is that middle class? In order to be in the top 1 percent income the cutoff is $400 K or so

[Barry-xlovecam]

No shit Sherlock

If you net $466,951 annually you gross a lot more than that.

MRGR

Make rich guys richer ...

Don't worry if you are a poor chump you may pay $500 less a year
Joke is on you -- Emperor Trump is LOL chumps ...

If your small business corporation pays taxes on a $2 Million dollar profit/yr -- its share holders get the benefits of a 20% tax reduction -- an extra $400,000/yr. Where do you think they will spend that money -- on a new American made refrigerator? LOL.

[Barry-xlovecam]

How much will ExxonMobile get?

Trump takes care of HIS people well LOL

Exxon Mobil Corporation (XOM) Income Statement - NASDAQ.com
Annual Income Statement (values in 000's)
Period Ending: 12/31/2015 12/31/2014 12/31/2013 12/31/2012

Income Tax $5,415,000 $18,015,000 $24,263,000 $31,045,000
X1000 = BILLIONS
@15% Billions less than the old 35%

You get $500 HAHA

MRGR

Make rich guys richer ...

[Barry-xlovecam]

[Paul Markham]

Corporation tax is obsolete in a Global World so needs replacing.

Americans pay too little taxes.

[Barry-xlovecam]

HAHA! Corporate America just got stronger ...

[Tasty1]

Originally Posted by Barry-xlovecam

If you net more than $400K per year ...

Trump vows to cut taxes for businesses | TheHill


Wow Middle Class people sure do make a lot of money in America

MAGA Hoo Yah!

Those companies now put their money on the Seychelles, Belize, Curacao, Cyprus.
Maybe they come back? Trump is after the billions that are now in tax havens.
ginving businesses the choice to bring that money back in the economy.
But the EU alo wants them.

Where is your company located?

In Holland it is 20% tax, Cyprus is 12,5%, Curacao is 0%, Belize is 0%.
And the Uk want 15% tax.

[Barry-xlovecam]

AC Webconnecting Holding BV? (The Netherlands)
We are a Holding Corporation.
We own 25 corporations in 7 countries.
No ownership in the USA -- nothing to repatriate.

If Trump became pro porn and dumped that dick-head VP Mike Pence -- and then cut corporate income tax to 15% or less we might be persuaded to relocate -- that will never happen in the real American political world.

[Paul Markham]

Originally Posted by Bjorn_Tasty1

Those companies now put their money on the Seychelles, Belize, Curacao, Cyprus.
Maybe they come back? Trump is after the billions that are now in tax havens.
ginving businesses the choice to bring that money back in the economy.
But the EU alo wants them.

Where is your company located?

In Holland it is 20% tax, Cyprus is 12,5%, Curacao is 0%, Belize is 0%.
And the Uk want 15% tax.

Which is why Corporate tax is outdated. We have to rewrite the rules on what constitutes as a head office. The EU is suing a company who claimed it was Ireland, when it was just an office to move profits to.

[mineistaken]

Originally Posted by Barry-xlovecam

If you net more than $400K per year ...

Trump vows to cut taxes for businesses | TheHill


Wow Middle Class people sure do make a lot of money in America

MAGA Hoo Yah!

wtf are talking about? that 35-38 he said was corporate tax, not income tax

[Barry-xlovecam]

Mybrainstaken -- learn to read.
The top personal income tax is the USA is 38%.
The top corporate tax on a C corporation is 35%.

Like a zoo pissants that haven't the foggiest clue.

[Tasty1]

Originally Posted by Barry-xlovecam

AC Webconnecting Holding BV? (The Netherlands)
We are a Holding Corporation.
We own 25 corporations in 7 countries.
No ownership in the USA -- nothing to repatriate.

If Trump became pro porn and dumped that dick-head VP Mike Pence -- and then cut corporate income tax to 15% or less we might be persuaded to relocate -- that will never happen in the real American political world.

The USA will never be good for erotic entertainment.
And it is fairly 'easy' to avoid taxes.
But for some big companies like Apple, facebook, this could be interesting.
You see now that the EU is tracking all the constructions with Holdings etcetra.
They want the money and if the USA won't do anything, Europe will take it.
the corporate tax used to be around 30% in Holland 10 years ago.
So they must do something, i rembered Obama also gave a change to get their overseas money for a reduced tax %.
in the mean time that money has grown a lot again.

Can Trump Tax Plan Bring Back Overseas Cash? (AAPL, MSFT) | Investopedia

[brandonstills]

W-2 employees get screwed, but business owners have a relatively easy time coming up with deductions to offset income.

[Barry-xlovecam]

Wasn't that obvious? Elect a Billionaire and he is going to take care of his buddies.

Trickle Down 2.01
Remember the last time?

[Barry-xlovecam]

Global tax is coming -- eventually ...

[NatalieK]

with all these cuts, keeping business in the US, where does he think the usual taxable countries income´s coming from?

[Barry-xlovecam]

Good question...
So far he has sworn he will delete a good part of the government and cut everyones taxes -- Downsize America < that should be his new motto.

I think he will order the needed money printed. That will not end well.

[AmeliaG]

Originally Posted by Barry-xlovecam

Good question...
So far he has sworn he will delete a good part of the government and cut everyones taxes -- Downsize America < that should be his new motto.

I think he will order the needed money printed. That will not end well.

If the goal us to increase American exports, it could actually be effective to print money to devalue the dollar. Would decrease US buying power abroad. For example, definitely bad for webmasters who get paid in dollars and live some place the dollar goes farther, but good for US manufacturing. Maybe good for membership sites and cams which bill in dollars, if those fees are suddenly way lower for a lot if the world. Maybe bad for all of us, but cou,d lead to keeping his campaign promises of improving the balance of trade for America.

Also, FWIW, while of course you are correct about the 35% bracket, anyone with income of $76k or more would get a cut if every bracket is mashed down to 15%.

[Barry-xlovecam]

^^^
And peoples' cash assets held in the banks are worth less.
Inflation starts.
Prices and wages increase.
Inflation is the "silent tax" and how governments confiscate the wealth of the people.

This has happened 1974 - 1983 and almost destroyed the US economy.
The interest rate was as high as 23% on private debt including home loans.
The Dow Jones average fell to the lowest rate since 1949
Dow Jones - 100 Year Historical Chart | MacroTrends

[mineistaken]

Originally Posted by Barry-xlovecam

Mybrainstaken -- learn to read.
The top personal income tax is the USA is 38%.
The top corporate tax on a C corporation is 35%.

Like a zoo pissants that haven't the foggiest clue.

Trump said: "35% which actually is something like 38".

Quick google search on corporate tax in US and you can see exactly what those "35% which actually is something like 38" are:

The United States, with a combined top marginal tax rate of 38.9 percent (consisting of the federal tax rate of 35 percent plus the average tax rate among the states)

Here is the video:



He is talking about cutting corporate tax to 15-20% from which is now "35% and actually 38%".

Your fact falsifying failed. This time you did not falsiufy or twist intentionally though, just out of your stupidity. So take those insults back at you as you are those things, not me.

**********************************

On an additional note: it is unbelievable how brainwashed you are into thinking Trump is that stupid that he thinks middle class is 400K earners. I mean even thinking about this for fraction of a second should have alarmed you that you got something very wrong.
But you are so much brainwashed that you actually believed Trump could have said something like that.
It is beyond unbelievable. Genuinely shocking.

[woj]

what twisted reality do you live in where lowering taxes is a bad thing?

- if you run even remotely successful business, getting your tax rate halved could very easily mean $1000s if not $10s of thousands per year of free extra $$

- if you have any investments, they automatically will earn you more, and at the same time will become worth more... I'll simplify a bit, but currently you get 65c for every $1 your investment earns (because of 35% tax rate), if tax rate becomes 15% you would get 85c for ever $1... so you will earn 30% more from your investments and as a result your investment would also become 30% more valuable...

so if you for example have $100k saved up for your retirement, cutting tax rate would mean your investment becomes worth $130k... and so if he makes it happen it would mean uncle Trump just gave you a $30k gift...

[Barry-xlovecam]

I was brokering large sums of mortgages around 1980. You live in a nickel and dime world I can see that clearly.

$100K is chump change. Really. Real businesses do that in less than a day, some in less than 1 minute.

Retirement money basis' are tax differed or already taxed once (and non taxable again) -- anyone that has retirement funds would know that.

[woj]

Originally Posted by Barry-xlovecam

Retirement money basis are tax differed or already taxed once (and non taxable again) -- anyone that has retirement funds would know that.

you must have misunderstood what I meant....

you have $100 to invest, you figure Exxon is a good company, and so you buy 1 share for $100...
at the end of the year Exxon prepares their financial statements and after expenses their net income is $10/share.... so with your single $100 share of Exxon, you earned $10, that's not too bad, a 10% ROI!

but wait a min, that $10 isn't really yours yet, Exxon needs to file taxes and pay 35% to the government... they do that, and so you end up with $6.50... pleased with your stock picking skills you take that $6.50 and buy yourself a starbucks coffee...

but wait, there is more to the story!

few weeks later you get a 1099-div form from your broker with $6.50 marked on it, you take it to your accountant complaining: "fuck is this?!", and he tells you "sorry bud, but 35% isn't enough, you need to pay another (up to 20%) tax on that"... you pay that 20% tax and end up with close to $5 from the original $10 you actually earned...

(of course this doesn't even include state/local/etc taxes, so in reality you are looking at less than $5 from the $10 you actually earned, but we'll omit this minor detail for now)


but so long story short, if Exxon doesn't pay 35%, but pays 15% instead, your cut would be about 30% higher...



and if the cut is 30% higher, then price of original asset would be 30% higher too... that's because if investing $100 to get $5 after all the taxes is a fair price, then paying ~$130 to get ~$6.50, would be equally fair...

[Barry-xlovecam]

WFT are you babbling about

Capital Gains Taxes
long term, short term
Current wage or net income earnings?
Differed or tax exempt investment funds?

Babbling bullshit gets nowhere.

You are just digging a deeper hole.

I know I get to keep more (*dollar) money that is going to be worth less -- that is all that matters. I am starting a Trump economics hedge strategy now. I know, or think I know, what will move. That is all that matters I have been down this road too many times. Heard all the lies more than once.

[AmeliaG]

Originally Posted by Barry-xlovecam

^^^
And peoples' cash assets held in the banks are worth less.
Inflation starts.
Prices and wages increase.
Inflation is the "silent tax" and how governments confiscate the wealth of the people.

This has happened 1974 - 1983 and almost destroyed the US economy.
The interest rate was as high as 23% on private debt including home loans.
The Dow Jones average fell to the lowest rate since 1949
Dow Jones - 100 Year Historical Chart | MacroTrends

There are pros and cons to either a strong or weak currency. I'm just saying that if shifting balance of trade is the #1 goal, a weaker dollar is helpful for that goal. Whether that campaign promise is beneficial and, if so, to who...well, that's another conversation.

[AmeliaG]

Originally Posted by Barry-xlovecam

I was brokering large sums of mortgages around 1980. You live in a nickel and dime world I can see that clearly.

$100K is chump change. Really. Real businesses do that in less than a day, some in less than 1 minute.

Retirement money basis' are tax differed or already taxed once (and non taxable again) -- anyone that has retirement funds would know that.

Here is the thing though, average household income in America is just over $50k. So, on a small business level, maybe most webmasters are chumps next to GE or whatever, but $100k is money in America in 2017. Not necessarily sophisticated enough money to know how to do all the tricky stuff for taxes, so a straight up break actually is beneficial for people at the $100k level. People paid enough to have high tax bills but not enough to get fancy.

[Barry-xlovecam]

I am factoring in inflation. Keeping more money when it is becoming worth less is a downward spiral. This economy of low inflation we have been in is probably over.

If you make less that $250K this inflation will more than wipe out any tax reduction. First you give with one hand then take with the other ...

[woj]

Originally Posted by Barry-xlovecam

I am factoring in inflation.

What average inflation do you expect over the next 4 years?

if you look at the bond market, yield curve, etc you would conclude that everyone expects inflation to remain low...

so how did you calculate your inflation prediction / what sources did you use to reach that number?