Trump to propose 15 percent corporate tax rate

[Edge-]

Don't worry guys, we'll magically see 9%+ growth to offset the revenue losses! They promise!

Listening to them vaguely talk about the "tax plan" is painful to listen to. These people are literally existing in a fantasy land.

Fuck it, I'll just ask the bank to print me some more money!

http://www.cnn.com/2016/05/09/politi...debt-strategy/

Hey, Trump apparently thinks that's a pretty good strategy!

[BannedForViews]

http://www.politico.com/story/2017/0...x-rates-237556

so.. thoughts?
personally, this reeks of trickle down... and that type of policy is proven not to work, so say welcome to a giant fiscal deficit fellas

There is no such thing as trickle down. You are ignorant beyond belief whenever you use those two words together.

[Tyrianth]

Don't worry guys, we'll magically see 9%+ growth to offset the revenue losses! They promise!

Listening to them vaguely talk about the "tax plan" is painful to listen to. These people are literally existing in a fantasy land.



http://www.cnn.com/2016/05/09/politi...debt-strategy/

Hey, Trump apparently thinks that's a pretty good strategy!

If Trump thinks it's a good idea then maybe I should reconsider...

[Lenonis]

oh please...don't feed him...
Truth facts logic...none of it works.

No worries. I know full well who is posting. I'm just thinking whatever crazy nonsense comes next will be worth a chuckle.

[Deleted]

He also wants to lower tax rates for the rich.

Seems those who arent rich are the ones going to pay for it then.

Once again.

[BannedForViews]

I'm really interested for you to explain to the class how Social Security has robbed you of $300,000 on your $50k a year salary, especially when you've only scrapped together $200,000 with your superior savings methods.

Pretty easy to prove that.

[Tyrianth]

He also wants to lower tax rates for the rich.

Seems those who arent rich are the ones going to pay for it then.

Once again.

Maybe poor people should stop being poor!

[alexw]

Don't worry guys, we'll magically see 9%+ growth to offset the revenue losses! They promise!

Listening to them vaguely talk about the "tax plan" is painful to listen to. These people are literally existing in a fantasy land.



http://www.cnn.com/2016/05/09/politi...debt-strategy/

Hey, Trump apparently thinks that's a pretty good strategy!

Strangely enough he is kind of correct. Since the United States borrows in the currency it issues it will never default unless it makes the dumb decision to someday do so. Typically it would just print more of it and inflate the debt away though that would lead to inflation (there's no free lunch).

Of course because its Trump its like he saw it on an episode of sesame street and so tries to explain it as a 5 year old would.

[Felya]

I lost about half but it climbed back up as the markets recovered. There will always be dips, and it will always come back.

No, the last crash was the biggest one since the Great Depression.

Remember after 9/11 and airline stocks plummeted to pennies per share? Yeah I was the one saying people should buy all they could afford because they WILL bounce back. People HAVE to fly and they have gained it all back and more.

You think the airline stock crash was similar to 2008? Go and check the Dow for the last 10 years...

[callipygoustp]

What's good for corporations is great for America. #MAGA!

[Deleted]

Maybe poor people should stop being poor!

And there we have the solution everyone looked for.

[Tyrianth]

And there we have the solution everyone looked for.

Maybe I should run for president...

First EO: Being poor will now result in a tax penalty of $5,000 or 36% of your income. Whichever is higher.

It'll cause people to no longer be able to afford to be poor.

[Sky High]

fantastic so Trump is cutting taxes and giving them the means to pay even less then 15%. I'm sure the mega rich are feeling the MAGA all over their face neck and chests.

[Lenonis]

Are you saying they don't decrease spending anywhere? Big difference if I spent 5% more of my income on stuff vs I stopped spending money on other things to spend it on something else. You're oversimplifying the budget. Disagree with how he spending money or taxing corporations less but don't act like it's going to have some major impact

Now I'm just confused. There has been no indication that they will reduce spending. They had targeted the ACA repeal and replace to get them the freed up funding but that fell flat on its face. Sure -- if they can come up with cuts that are meaningful and not pennies here and there to offset the income reduction then you'll be right -- the deficit won't increase. But the GOP has been screaming about deficits for a long time now and suddenly they are running full bore into a plan that will create a fairly large one.

[Lenonis]

Because Ive been working almost 30 years but I didnt start my 401k until 10 years ago. Had I been able to invest all of the money I paid to Social Security in a 401k or mutual funds it would grow a lot more

So you have $200,000 in a 401k that's only 10 years old and right now your salary is $50k before taxes. Which means 10 years ago your salary was probably significantly less.

You aren't fooling anyone. But we're all used to your shenanigans here. You really are a true forum artist. Bravo good sir, bravo.

[Tyrianth]

Because Ive been working almost 30 years but I didnt start my 401k until 10 years ago. Had I been able to invest all of the money I paid to Social Security in a 401k or mutual funds it would grow a lot more

Lol you've been working 30 years and only make $50k? Talk about lazy.... time to pull yourself up by the bootstraps!

[Orlong]

So you have $200,000 in a 401k that's only 10 years old and right now your salary is $50k before taxes. Which means 10 years ago your salary was probably significantly less.

You aren't fooling anyone. But we're all used to your shenanigans here. You really are a true forum artist. Bravo good sir, bravo.

You do realize that 401K money does increase, especially if you steer it toward high risk investments and succeed

[Felya]

Lol you've been working 30 years and only make $50k? Talk about lazy.... time to pull yourself up by the bootstraps!

He has a government job as well.

[Lenonis]

Pretty easy to prove that.

I'd be careful about rushing to Orlong's defense if I were you. The math doesn't look great if you make any sort of logical assumptions about wages over time and ROIs.

[Orlong]

Lol you've been working 30 years and only make $50k? Talk about lazy.... time to pull yourself up by the bootstraps!

No need. Im perfectly with my salary. I pay all my bills and still have 300 to 400 a paycheck to put way or invest. I choose not to live in a cesspool like New York City where rent is $2500 a month