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Utterly amazing the some here see a trillion dollars flowing back into the US economy as a bad thing simply because it was Trump that triggered this massive inflow of money. Even if some of it was used for stock buybacks it is still money flowing into our economy vs just being parked in other countries.
You have to realize that this DOES upset liberals. Trump's policies are focused on helping American businesses and American workers. He is doing so by reducing excessive regulations, reducing taxes and allowing people to improve themselves, to earn their own living and to keep more of what they have earned.
Trump's policies have resulted in unprecedented growth, a record stock market, increasing wages and a record low unemployment rate. His policies have been exactly the opposite of liberal policies-and have demonstrated once and for all just how damaging liberal policies are. This infuriates liberals, and has set their goal of harming America and our citizens back a decade.
From overseas. Back to here. One trillion (with a t) dollars have been brought back into the United States for investment after the corp. taxes on them were brought back down into line with every other industrialized nation on Earth. Thank Donald J. Trump.
Utterly amazing the some here see a trillion dollars flowing back into the US economy as a bad thing simply because it was Trump that triggered this massive inflow of money. Even if some of it was used for stock buybacks it is still money flowing into our economy vs just being parked in other countries.
Corporate profits flowing in will hit far more than just the billionaire class and brokerage accounts, but even if that were true, how would it be a bad thing? Is the country better off if corporate profits stay in other countries vs the US?
It doesn’t matter where the money is stashed. Moving the money to the US isn’t going to change anything. Idle cash is idle cash. It certainly isn’t going to benefit you or I. Only a con man like Trump could convince people that someone else’s money will magically become theirs just because the owner moves it to a US bank account.
The only way the money would benefit you or I is if it were taxed. The Republicans generally oppose asset taxes, you know, because “socialism.”
It doesn’t matter where the money is stashed. Moving the money to the US isn’t going to change anything. Idle cash is idle cash. It certainly isn’t going to benefit you or I. Only a con man like Trump could convince people that someone else’s money will magically become theirs just because the owner moves it to a US bank account.
The only way the money would benefit you or I is if it were taxed. The Republicans generally oppose asset taxes, you know, because “socialism.”
This money was taxed as it came back into the US, a couple hundred billion worth of taxes paid on it. And it isn't all just idle cash. Much has been used to invest in business expansions. But even if you were right and all of it just sat in banks accounts, isn't it better that it be in US banks where at least the interest on it is subject to taxation vs it being in untaxed foreign bank accounts?
Corporations have brought back more than $1 trillion of overseas profits to the U.S. since Congress overhauled the international tax system and prodded companies to repatriate offshore funds, a report showed Thursday.
Even so, the total remains well short of the $4 trillion President Donald Trump said would return as a result of the 2017 tax law. The flow rose to $95.3 billion in the third quarter from a downwardly revised $70.4 billion in the previous three months, according to Commerce Department data, reaching a total of $1.04 trillion since the end of 2017.
Investment banks and think tanks have estimated that American corporations held $1.5 trillion to $2.5 trillion in offshore cash at the time the law was enacted. Before the overhaul, companies were incentivized to keep profits overseas because they owed a 35% tax when bringing it back and could defer payment by keeping funds offshore. The law set a one-time 15.5% tax rate on cash and 8% on non-cash or illiquid assets.
I think we have one of the answers as to why our economy is better... more cash is flowing around.
Similar thing happened during the Bush tax holiday. Most of it was used for stock buy backs to goose shareholder values.
Who has brought some profits home and what did they do with those profits?
This money was taxed as it came back into the US, a couple hundred billion worth of taxes paid on it. And it isn't all just idle cash. Much has been used to invest in business expansions. But even if you were right and all of it just sat in banks accounts, isn't it better that it be in US banks where at least the interest on it is subject to taxation vs it being in untaxed foreign bank accounts?
Funds can be wired nearly anywhere in the world in seconds.
This money was taxed as it came back into the US, a couple hundred billion worth of taxes paid on it. And it isn't all just idle cash. Much has been used to invest in business expansions. But even if you were right and all of it just sat in banks accounts, isn't it better that it be in US banks where at least the interest on it is subject to taxation vs it being in untaxed foreign bank accounts?
How was the money taxed when it came back to the USA? As far as I know, we don’t tax assets that move from in from other countries.
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