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Old 08-29-2020, 03:51 PM
 
Location: the very edge of the continent
89,061 posts, read 44,866,510 times
Reputation: 13718

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Quote:
Originally Posted by Finn_Jarber View Post
That did not happen. Why would they do that when they can just keep the money?

No, the corporations were happy to keep it.
Again, for the millionth time , corporations don't pay income tax, their customers/clients do. I'll make this easy to understand...

No sales = no profits = no corporate income tax is paid.

Sales = profits = corporate income tax is paid out of sales revenue.
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Old 08-29-2020, 04:11 PM
 
6,738 posts, read 2,912,214 times
Reputation: 6714
Quote:
Originally Posted by Hopeful for Life View Post
How so?
https://thefederalist.com/2020/08/13...ricas-suburbs/
If you have always dreamed of living in Cuba, you will love Biden's America
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Old 08-29-2020, 05:37 PM
 
Location: Raleigh NC
25,116 posts, read 16,226,257 times
Reputation: 14408
Quote:
Originally Posted by Hopeful for Life View Post
Well, the prospect of lifetime zero interest rates scares me as I get closer to retirement age with very few places to earn ROI besides the russian roulette stock market.
if you're mid-50's (closer to retirement age) and don't understand the DJIA in almost any measured 10 year period is up > Treasury rate, then that's on you.
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Old 08-29-2020, 05:39 PM
 
Location: Raleigh NC
25,116 posts, read 16,226,257 times
Reputation: 14408
Quote:
Originally Posted by InformedConsent View Post
My income tax went up, too. The culprit: the new $10,000 SALT deduction limit.

The SALT deduction was formerly unlimited and was a HUGE tax break for the rich. Trump and the GOP ended that huge tax break, post haste. For some odd reason, Biden, Pelosi, and the Democrats want to reinstate that huge tax break for the rich, effectively giving them a HUGE tax cut.
you really would think the NE states and CA would provide some data showing how many "ordinary middle-class Americans" were overall hurt by the SALT limit vs std deduction and lower rates. Yet here we stand, and nada factually.
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Old 08-29-2020, 05:53 PM
 
Location: the very edge of the continent
89,061 posts, read 44,866,510 times
Reputation: 13718
Quote:
Originally Posted by BoBromhal View Post
you really would think the NE states and CA would provide some data showing how many "ordinary middle-class Americans" were overall hurt by the SALT limit vs std deduction and lower rates. Yet here we stand, and nada factually.
I doubt there even were any.
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Old 08-29-2020, 05:55 PM
 
Location: Buckeye, AZ
38,936 posts, read 23,912,657 times
Reputation: 14125
Quote:
Originally Posted by InformedConsent View Post
Biden wants to vastly overstep the Constitution's limits on Fed Gov's powers. If you (or anyone, really) believe in keeping true to the Constitution, Biden is not the candidate for you.
And Trump hasn't pulled presidential overreach? You only don't care since he has an R after his name... you comparing about Obama for the same thing. He'll i did too. I just was honest and comparison about Trump's power of the pen too...
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Old 08-29-2020, 06:56 PM
 
Location: Houston
3,163 posts, read 1,727,753 times
Reputation: 2645
Quote:
Originally Posted by BoBromhal View Post
if you're mid-50's (closer to retirement age) and don't understand the DJIA in almost any measured 10 year period is up > Treasury rate, then that's on you.
I'm talking about when I get to the actual retirement age. I don't want to play the market then when I'm living off my savings/investments and don't like less than 1% interest on my money. I read an article that said that Zero interest rates would be "permanent". The previous generations had it so easy with 5-10% money market rates. If their home was paid off, they could easily live off of the interest. Easy Street.
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Old 08-29-2020, 07:07 PM
 
Location: the very edge of the continent
89,061 posts, read 44,866,510 times
Reputation: 13718
Quote:
Originally Posted by mkpunk View Post
And Trump hasn't pulled presidential overreach? You only don't care since he has an R after his name... you comparing about Obama for the same thing. He'll i did too. I just was honest and comparison about Trump's power of the pen too...
Well, the Dems have taken Trump to federal court a lot for alleged over-reaches. Almost all the time, the Dems lost. So Trump overreaching? Not so much.
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Old 08-29-2020, 07:15 PM
 
4,336 posts, read 1,556,840 times
Reputation: 2279
Quote:
Originally Posted by Hopeful for Life View Post
https://www.yahoo.com/finance/news/b...183544480.html

How many believe that corporate tax cuts are passed down to employees through wages or other benefits?
Why should they? Most savings will be reinvested, either by the company or by the owners - a win-win.
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Old 08-29-2020, 08:09 PM
 
26,694 posts, read 14,576,036 times
Reputation: 8094
Quote:
Originally Posted by Hopeful for Life View Post
https://www.yahoo.com/finance/news/b...183544480.html

How many believe that corporate tax cuts are passed down to employees through wages or other benefits? The company that I worked for put in an extra $1,500 into 401K in the first year, but nothing else after that. I still say that many american voters don't really care for tax cuts for even those who make over $100k, whom many consider to be "rich".
I don’t understand this sentiment. The employees have already been compensated according to the contract.

Why should the company give them more money than the contract states?
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