Trump Tax Plan - It's Time for Everyone to Form a Corporation

[jojajn]

Originally Posted by Hellion1999

Corporate tax rates from other countries:


Canada 15%
China 25%
Chile 24%
Denmark 22% (Bernie Sanders and liberals wet dream)
Finland 20% (Bernie Sanders and liberals wet dream)
Hong Kong 16.5%
Iceland 20%
India 8%
Ireland 12.5%
Israel 25%
South Korea 24%
Malaysia 18% to 24%
Netherlands 20%
Norway 24% (Bernie Sanders and liberals wet dream)
Portugal 23%
Russia 20%
Singapore 17%
Spain 24%
Sweden 22% (Bernie Sanders and liberals wet dream)
Switzerland 18%
Taiwan 17%
Thailand 20%
The United Kingdom 19%
Vietnam 20%
Ukraine 20%
Turkey 20%


Trump cuts the corporate tax rate from 35% to 21% to compete with the countries above and the Democrats get hysterical and clueless.....but they support open borders and unlimited immigration to bring wages down and not only outsource jobs but to bring the outsourcing of cheap labor here.

Yeah, well the Bahamas and Cayman Islands have a corporate tax rate of 0% so corporations will continue to use those countries as tax havens. You want to pay corporations to keep their headquarters here?

[hound 109]

Originally Posted by Seacove

I'm a Democrat and I'm not complaining. I'm saying people need to consider creating their own family "corporations", it may benefit them under the Trump-GOP tax plan. Let's do this! Low taxes? How about no taxes?! Trump and the GOP should LOVE that! They'll go all MAGA over no taxes from anyone!

You're just now figuring this out Grasshopper?

The bolded comments were true when I was in College during the Carter Admin. (we students actually learned about "Business" in Business School - after watching the original idiot Snowflakes from 1968-1973). & they were probably true before that. (So at least 45 years).

But we never once heard or read progressive silliness about the Ocean rising ONE inch every 50 years..... or that encouraging unskilled workers (& their families) to illegally come to the US (& spend 7-15K per year on them) made logical economic sense.

It takes some people longer to "get it" than others.
.

[jojajn]

This tax plan is another campaign promise not kept by Trump!

The president promised to fix this, remember?

DONALD TRUMP, AUGUST 2016: We will eliminate the carried interest deduction, well-known deduction, and other special interest loopholes that have been so good for Wall Street investors, and for people like me.

But neither the House nor the Senate ever bothered to address this. So those private equity fat cats get away with paying investment taxes instead of income taxes. And that is just wrong. So why doesn't anyone care? ---

https://www.youtube.com/watch?v=yNYqtj5xGWs

[hound 109]

Originally Posted by Hellion1999

go for it.....go lead.....anything that keeps more money to the people the better.....I'm sure you know how to spend your own money better than the politicians.....you might not be a Democrat after all.

Exactly.

Today's "Family Business" might be tomorrow's small business that employs (& provides health insurance for) 86 employees, helps build a local hospital, supports 3 little league and 3 softball teams.

Further reduce your company's taxes by helping to build a park next to the local elementary school, clean up trash off of local highways etc. etc.

[PedroMartinez]

Originally Posted by freemkt

Not really if you are an employee, and easier of you are self-employed.

PLease identity the mechanism that prevents an employee from paying 50% if one chooses.