Tax cut and Jobs act released...... Trillions for the super Rich. (Nevada, history)

[workingclasshero]

Originally Posted by 2sleepy

Oh I dunno...I think it might be awhile before California receives $2.57 for every federal tax dollar paid like Mississippi does

cali GETS billions more than they pay to the feds.......45% of California is federally owned and run

[workingclasshero]

Originally Posted by cheyenne2134

I hope all New Yorkers, and New Jersey residents are writing their reps to change this bill. Or else I am voting out everybody

this bill...helps more than it hurts


sorry but you cant please everyone all the time

[Finn_Jarber]

Originally Posted by workingclasshero

this bill...helps more than it hurts


sorry but you can't please everyone all the time

At least is pleases Trump, who will get a $30 000 000.00 tax cut.

[Ringo1]

Originally Posted by skycaller23

Employees are liabilities to companies. They reinvest in the company (expansion/merger) or increase dividends (shareholders).

Someone needs to alert the Republicans. They are convinced this will help with stagnant wages and/or hiring.

[TheCityTheBridge]

Originally Posted by workingclasshero

cali GETS billions more than they pay to the feds.......45% of California is federally owned and run

You should check your math.

Here's a decent methodology:
https://www.theatlantic.com/business...takers/361668/

California is the 14th lowest taker, getting back less than it spends on federal taxes.

[Speleothem]

Originally Posted by Ringo1

Does anyone really that that corporations are going to invest that savings back into their employees?

They aren't.

No.
The idea is they invest those savings back into the company.
Growth.

[L8Gr8Apost8]

Originally Posted by TheCityTheBridge

I used married. The first $66k in taxable income (see the link). Rs are apparently being a bit disingenuous in trying to sell this. They assert that there's a 12% bracket to 90k, but only when you treat the 24k standard deductible as the first 24k in income. That's not how we are used to looking at the tax system. That would be akin to saying that the current tax system has a 10% bracket to ~$30k under current law (the $12k standard deduction plus the first $18,650 in taxable income).

WTF! I'll have to look again because I though it was married 12% up to 90,000AGI.

[Goodnight]

Originally Posted by Speleothem

That shows a lack of understanding.
Corporations don't pay taxes; people pay taxes.
The highest rates for the highest earners remain the same.
Lowering the stupid high corporate tax rate will unleash massive growth.

Corporation’s already on average only pay around 27% due to loopholes, are they removing those as part of the plan. Either way going from 27% to 25% being a large change.

[FirebirdCamaro1220]

Originally Posted by skycaller23

Employees are liabilities to companies. They reinvest in the company (expansion/merger) or increase dividends (shareholders).

Only an unproductive employee is a liability, an experienced, productive employee is an income producing asset ((s)he makes the company more money than their compensation)

[pghquest]

Originally Posted by moneill

Paul Ryan proudly touting that 1200/year or 23.07 cents a week -- will make a big differnece to that family of 4 who makes 59,000K a year.

Does he really think we are that stupid?

Thanks for proving the answer is yes.. because its not 23.07 cents a week.. its $23 dollars a week..

and who cares if it doesnt make a "big" difference.. its $1200

The left ******* its a tax hike.. its a tax hike.. ooh wait its not.. its actually a cut? then its switched to waaaa waaaa.. its not enough...