Biden Not Adding Taxes To Middle Class

[82_VOL_83]

Those things can happen, but the facts are that large corporate executives were getting boosted after income tax rates went down. I am going to repeat that, for emphasis. Pay and benefits for executives of large corporations have been going up, up, up for decades. They went up when corporate taxes went up or down.

So what does that have to do with Trickle Down? Trickle Down works, period. There is no other way in our current Global Society to get money back to the worker. You have to incentivize companies to invest. If they don't invest there are no jobs. If there are no jobs there is no tax money. The cycle is an endless downward spiral. You can't be so blind that you can't see that?


Or maybe you are.

 

[82_VOL_83]

I already did that. Why do so many of you'uns get personal when these issues are not about you or me? How effing old are you?

Right now I'm guessing about 40 years older than you are.

 

[C-south]

So what does that have to do with Trickle Down? Trickle Down works, period. There is no other way in our current Global Society to get money back to the worker. You have to incentivize companies to invest. If they don't invest there are no jobs. If there are no jobs there is no tax money. The cycle is an endless downward spiral. You can't be so blind that you can't see that?


Or maybe you are.

But we need to these taxes to fund these “equality” driven social programs. To pay for childcare for people that apparently can’t afford to have children. To fund education that says math is racist.

 

[McDad]

Those things can happen, but the facts are that large corporate executives were getting boosted after income tax rates went down. I am going to repeat that, for emphasis. Pay and benefits for executives of large corporations have been going up, up, up for decades. They went up when corporate taxes went up or down.

What does the corporate executive who got 'boosted' do with the increase in pay? For example, if they net 1 million more, what do they do with those dollars?

I may still be on "filter" (lol) so someone may have to quote this to VM.

 

[Y9 Vol]

What does the corporate executive who got 'boosted' do with the increase in pay? For example, if they net 1 million more, what do they do with those dollars?

I may still be on "filter" (lol) so someone may have to quote this to VM.

“They spend it” for $2,000 Alex.

 

[McDad]

“They spend it” for $2,000 Alex.

That is a reasonable option. May be the most likely option.

The money spent would be useful to those who exchanged goods and services for the money, I assume.

 

[SpaceCoastVol]

You people just love suppressing votes.

Yeah it is just silly to not allow people to vote for their own handouts. Suppression.

K the racist clown

 

[BigOrangeMojo]

Those things can happen, but the facts are that large corporate executives were getting boosted after income tax rates went down. I am going to repeat that, for emphasis. Pay and benefits for executives of large corporations have been going up, up, up for decades. They went up when corporate taxes went up or down.

Most of the salary increases were as a result of equity awards being worth a lot more with the stock price jumps. Prior to 2017 tax reform, there was a cap on executive salary deductibility so that's why bonus and equity programs were so prevalent. Trumps Tax Reform eliminated those exceptions for bonus and equity award deductibility for the top executives.

And when those executives exercise equity awards in the future, they will pay 40% tax on them while corporation wont get to deduct most of that payout.

 

[Carl Pickens]

Who really cares if it “works”? As long as it doesn’t make things markedly worse, why wouldn’t we want to let people keep their own money?

Seems like common sense doesn’t it?

 

[C-south]

You people just love suppressing votes.

Just trying to get you out of mom’s basement.

 

[Carl Pickens]

Non contributors voting will be the death of this country.

You’d think common sense would dictate you must have some skin in the game in order to participate

 

[Vol Main]

What difference does it make whether it’s a gas tax, property tax, sales tax, premium tax or income tax? It’s a liability for a company that’s trying to make a profit and impacts prices.

Income taxes are paid after the bottom line is settled, but executive salaries are not decided by profits. Executives who drive their company into bankruptcy often receive huge bonuses. By contrast, Trump's tariffs were paid by the importing company when the goods were received at the port and the cost was factored into the the prices paid by consumers in checkout lanes. Money is fungible, so you can make your argument, but it is the sort of flawed argument made by anti-taxers who make flawed arguments ginned up by public relations people who serve the top income tax bracket. They also argue that lower corporate taxes increase employment and pay for employees, but that argument is not supported by economic data for the past forty years.

 

[SpaceCoastVol]

Well technically it would be suppressing illegal votes, perhaps that's what he or she is against?

I think you should contribute before you can take. How is it fair for someone that contributes nothing to vote on how much is taken from someone else?

 

[SpaceCoastVol]

Income taxes are paid after the bottom line is settled. By contrast, Trump's tariffs were paid by the importing company when the goods were received at the port and the cost was factored into the the prices paid by consumers in checkout lanes. Money is fungible, so you can make your argument, but it is the sort of flawed argument made by anti-taxers who make flawed arguments ginned up by public relations people who serve the top income tax bracket. They also argue that lower corporate taxes increase employment and pay for employees, but that argument is not supported by economic data for the past forty years.

LOL

 

[SpaceCoastVol]

What you like is not the issue. It is not about either of us. You are not the issue, and neither am I.

Yes... you are.

 

[Carl Pickens]

Income taxes are paid after the bottom line is settled. Executive salaries are not decided by profit. Executives who drive their company into bankruptcy often receive huge bonuses. By contrast, Trump's tariffs were paid by the importing company when the goods were received at the port and the cost was factored into the the prices paid by consumers in checkout lanes. Money is fungible, so you can make your argument, but it is the sort of flawed argument made by anti-taxers who make flawed arguments ginned up by public relations people who serve the top income tax bracket. They also argue that lower corporate taxes increase employment and pay for employees, but that argument is not supported by economic data for the past forty years.

If capitalism offends you, perhaps Venezuela would suit your liking.

 

[Vol Main]

If capitalism offends you, perhaps Venezuela would suit your liking.

If my posts offend you, perhaps Venezuela would suit your liking. But hush. You are not the issue, and I am not the issue.

 

[MOOOOONEY]

Those things can happen, but the facts are that large corporate executives were getting boosted after income tax rates went down. I am going to repeat that, for emphasis. Pay and benefits for executives of large corporations have been going up, up, up for decades. They went up when corporate taxes went up or down.

Why would I care what other peoples income levels are?

The government doesn’t have an income problem they have a spending problem. its not the government’s job to “redistribute” wealth.

I always find it hilarious that the Dems are always going to make the big bad business owners and executives pay, but when in power it never happens. Do you want to know why? Because they are part of the rich and powerful and aren’t going to pay more money out of their pockets in taxes. If they really wanted to make it a fair system then they would institute a fair tax with no deductions.

 

[Carl Pickens]

If my posts offend you, perhaps Venezuela would suit your liking.

Your posts don’t offend me at all..... but you do tend to post some really dumbass stuff

 

[SpaceCoastVol]

That is a reasonable option. May be the most likely option.

The money spent would be useful to those who exchanged goods and services for the money, I assume.

I don't think so. I think at some point it is merely a scorecard. At some point, you don't need or want more 'things' so that money in the account just makes more money.

 

[C-south]

Seems like common sense doesn’t it?

As opposed to extorting money from people who earn it never to be seen again? Na

 

[BigOrangeMojo]

What difference does it make whether it’s a gas tax, property tax, sales tax, premium tax or income tax? It’s a liability for a company that’s trying to make a profit and impacts prices.

Income tax is different since it impacts companies much different. A payroll tax increase would impact TJMaxx (profitable) and JCP(unprofitable)the same. So would a gas tax, property tax, business license, use tax since these companies are in the same markets, sell the same products, and have the same hiring pool. Since these taxes impact all companies in an industry fairly similarly, most would be passed on.

If the tax rate goes to 50%, how does that impact JCP. It doesn't. How does it impact TJ? Significantly. If TJ raises prices to cover the entire tax increase, they will lose share to JCP.

 

[McDad]

I don't think so. I think at some point it is merely a scorecard. At some point, you don't need or want more 'things' so that money in the account just makes more money.

Also a reasonable position.

Money invested or in a simple bank account earning interest is still in circulation. It is available to others. I know you understand that concept. Just pointing it out for others.

 

[Vol Main]

Your posts don’t offend me at all..... but you do tend to post some really dumbass stuff

If my posts do not offend you at all, they why do you reply to them with nonsense to insult me? Lookit, I am not the issue, and you are not the issue. So this needs to stop.

 

[Vol Main]

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