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-   -   President Trump cut taxes, and the result was an economic boom. (https://gfy.com/showthread.php?t=1315769)

Hawkeye 07-16-2019 04:30 PM

President Trump cut taxes, and the result was an economic boom.
 
Just like when President Bill Clinton gave us a massive tax cut and created an economic boom.

Until the next 2 smirking chimp Presidents fucked it up.

https://en.wikipedia.org/wiki/Taxpay...ef_Act_of_1997

Quote:

The Taxpayer Relief Act of 1997 reduced several federal taxes in the United States.

Starting in 1998, a $400 tax credit for each child under age 17 was introduced, which was increased to $500 in 1999. This credit was phased out for high-income families.

The top marginal long term capital gains rate fell from 28% to 20%, subject to certain phase-in rules. The 15% bracket was lowered to 10%.

Roth IRAs were established, permanently exempting these retirement accounts from capital gains taxes.

The act permanently exempted from taxation the capital gains on the sale of a personal residence of up to $500,000 for married couples filing jointly and $250,000 for singles. This exemption applies to residences the taxpayer(s) lived in for at least two years over the last five.

Vendzilla 07-16-2019 04:32 PM

Quote:

Originally Posted by Hawkeye (Post 22502667)
Just like when President Bill Clinton gave us a massive tax cut and created an economic boom.

Until the next 2 smirking chimp Presidents fucked it up.

https://en.wikipedia.org/wiki/Taxpay...ef_Act_of_1997

JFK cut taxes to and he was a democrat

BaldBastard 07-16-2019 05:45 PM

Which countries did not cut taxes that are also in "economic boom" ?

can we just stay 80% of the planet?

Vendzilla 07-16-2019 05:46 PM

Quote:

Originally Posted by MrBaldBastard (Post 22502711)
Which countries did not cut taxes that are also in "economic boom" ?

can we just stay 80% of the planet?

Because the US is the central point of success for the rest of the world

pimpmaster9000 07-16-2019 11:17 PM

please notice the invisible MAGA!

boooom, smash roar! the economy is invisible booming! the DOW is up like 1% since January 2018 BOOOOOOM SMASH ROAR!

:1orglaugh:1orglaugh:1orglaugh

you can say anything you want but this whopping 1% gain is a sure sign of MAGA!

Vendzilla 07-16-2019 11:27 PM

Quote:

Originally Posted by crucifissio (Post 22502824)
please notice the invisible MAGA!

boooom, smash roar! the economy is invisible booming! the DOW is up like 1% since January 2018 BOOOOOOM SMASH ROAR!

:1orglaugh:1orglaugh:1orglaugh

you can say anything you want but this whopping 1% gain is a sure sign of MAGA!

Where did you learn math?


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