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Or perhaps I’m not part of the group that people love to use as a distraction?
Which group you belong to is meaningless to the discussion as you dont compromise 100% of taxpayers in that group.. I doubt you hold a special tax bracket to yourself.
Which group you belong to is meaningless to the discussion as you dont compromise 100% of taxpayers in that group.. I doubt you hold a special tax bracket to yourself.
I’m not the one telling people they need better accountants.
Look at all the economically ignorant Leftist posters here commenting on something they know nothing about and citing Washington Post, which is neither unbiased or are economics experts.
Whether they pay down debt or buy stocks back, ultimately that is money that is put back into the economy. For example, if you pay off your mortgage, the bank getting that mortgage money from you now has more money to then loan out more money to someone else. Money doesn’t just vanish, it gets recycled and that’s good for the economy.
This is even more reason to disregard the know-nothing Leftist-liberal snowflakes who only know how to spend daddy’s money.
How is it “ultimately” going to help me? How is money sitting in their private portfolios helping America?
At least most of us “know nothings” are the more highly educated voters.
You really drank the kook-aid.
I
Clinton cut the capital gains rates from 28% to 20%,
after he cut taxes, the economy grew 4.2% unemployment fell from 5.4% to 5%, hourly wages climbed, the tax revenues soured, and the economy grew so much he almost balanced the budget creating a surplus.. (almost)
Unfortunately the rich have used structuring to make most of their income into this category, whether it deserves it or not. IE Venture capitalism which 100% deserves possibly even less tax rate or bust out artist private equity firms which certainly do not deserve anything special.
They can pay down all the debt they want but not at the expense of my taxes going up, when their tax cuts are permanent.
No one is clueless except you.
1. they don't have excessive debt, and they are swimming in cash now. They can pay off debt now if they wanted.
2. This tax plan is being touted as a boon for workers not as a vehicle for stock buybacks.
Exactly.
"Jobs" is even in the title of this bogus bill.
Who are they trying to fool? Stock buybacks are not going to create jobs.
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