pimpmaster9000

The 1% used to pay 45% of the taxes but have like 70% of the money...not any more!

Practice bending over...the MAGA has arrived LOL

Sarn

moni from work))

klinton

good move. at least some of the money will stay in US and wont search for tax heavens...
mabe they will even collect more from taxes than before...

GFED

Good job to try and keep American businesses in the USA instead of moving to other countries like what is happening now.

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Bladewire

42% of the business deductions in the new tax plan apply to foreign owned corporations operating in America. #TrumpTrainWreck

thommy

i am pretty sure mac donalds will now close all branches in all countries outside the us and will open them in USA.
apple will follow and sure google and general electrics too.....

dreamers

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GFED

We will have to wait and see what happens. I'm optimistic about it. I despise corporations as much as anyone, but if it's good for the country then I'll support it.

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kane

We've seen in the past that trickle down economics doesn't work because the money doesn't actually trickle down, however, it looks like we are going to play this game once again.

It will be interesting to see what happens with this, if it actually does get passed the committee stage and is passed then signed by Trump. It is wildly unpopular and it fucks over college kids, the elderly, and a good number of those in the middle class. Will those people show their displeasure by showing up to vote?

pimpmaster9000

Oh LOL apple paid like 0.005% tax in Ireland...sheeeet....

IRL Trump gave his cronies and himself tax breaks...remember when he said he was going to tax the rich? Remember when he said his tax bill would cost him millions? Oh LOL he did the exact opposite...

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thommy

well i see your goodwill in that but also a bit naivity

the people who voted for this law are the ones who will make the profit on it.

so it depends on what you mean with "the country" if you believe that the ones who are approved already for ripping you off are the country - than you are correct - it will be good for them.

the point is that they do not fucking care if america becomes a country of slums. they will always be able to buy a nice island and don´t get bothered from watching the misery.

the majority of americans will not be able to do that. and if they complain it they will present them an enemy who is guilty for all. this is how a brainwashing machine is working.

tell me one fucking reason why a company who have money offshore and don´t pay a cent taxes there should bring it to US because the pay there now 20 instead of 35 % ?
20% from a few billion is still much more than nothing.

sure a few will bring some money back and it will bring BIG HOPE - and this big hope will make the thing looking quite good in the start. but it will not have the effect they are promoting - and they KNOW it!
this tax cutts are fully financed with more debts
actually us is already 50% owned by china and other foreign creditors. so what they do with this tax cutt is to make more profit and pledge the liabilities for it on the country. and THAN - you can be sure - in THIS MOMENT when it comes to pay it back the country will be yours.

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pimpmaster9000

No company will bring back shit...shareholders want profits...move to the USA to pay 20%tax and they will drop you like a hot rock...shareholder supremacy is the name of the game...

All of you would drop it like it's hot.. Pfffft

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OneHungLo

They are going to bring back a $1 trillion + and pay their 10% tax, then distribute it to shareholders through buybacks and dividends you fucking peasant 😃

BaldBastard

"then distribute it to shareholders"

let me correct that for you

"then distribute it to board members"

---

I really hope these tax cuts do work for America!

From an outsiders perspective I think Trump has been good at isolating America and forcing other countries to rethink their financial ties to the USA. Hopefully America falling on its sword will not have the same financial world ripping effects of the last time when Bush did it, Trump is certainly giving every warning he can to be prepared.

Short term though.. enjoy the bubble

Paul Markham

Americans believe low taxes vitalise an economy. This was true in the 1950s when Americans bought American. Now with most consumer goods made outside the US, more money in the consumer's pockets equals more imports.

There should be a way of taxing companies and people who live in a country enjoying the benefits of being in that country.

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druid66

Antoni's face expression is priceless

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pimpmaster9000

yes yes they will decide to bring back money they had to pay like 0% tax on and now have to double spend on tax AND tender offers...

this has the following advantages:
1) LOL
2) pffffft
3) none

"less is more" only in philosophy...


yes there is a way...buy local at greater prices and have less money...

hope youre doing better

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klinton

druid66

at least he doesn't look like pussy, you must admit :D

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Sarn

BaldBastard

New Zealand ;)

https://www.parliament.nz/en/mps-and...ment/mark-ron/

pimpmaster9000

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bronco67

Maybe what I lose to the IRS will be made up for in stock surges.

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Sarn

cuts taxes = crying
raise taxes = crying

klinton

the government is a representant of the nation and its people, they didnt come from Mars

meanwhile in Poland:



+ 6-8 months of:


meanwhile in RUSsia:


No problems here, we already transformed into BEARS !

Sarn

seeandsee

you voted for it

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OneHungLo

Ahhh dude, you think appl is going to leave $260,000,000,000 billion sitting overseas doing fuck all when they could bring it back and pay out dividends and buy back shares which directly benefits shareholders? The only reason why they haven't brought it back was because they were going to get taxed at the old rate of 35%.

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klinton

Sarn

klinton

Sarn

mineistaken

Trump cut income tax on the biggest brackets?
Or inventing shit?
This tax reform is for the middle class.

astronaut x

GTFOH with that shit.

MaDalton

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pimpmaster9000

bush did the same tax "holiday" and most companies just rewarded big shareholders and cut jobs in the USA to make up for what they had to pay in tax and tenders...no new jobs were created and more incentive was given for companies to do the same and await the same "holiday" again...it did not stimulate the economy in any way except for the shareholders who are by definition mostly the %1...trickle up LOL

the new %20 tax rate will do nothing...why pay %20 when you can pay 0% offshore?...the tax "holiday" of 10% will do nothing...maybe they will use the "holiday" to temporarily inflate prices of shares to reward themselves but it has 0 to do with prospering the economy of anybody but the 1%...

it did not keep american businesses in the USA as history already showed you...it only rewarded people who gamed the system in any way they could...oh and there is the question of who will foot the bill for the 15% discount big money just got...



heres how a real plan would work:

"oh you are keeping 100-s of billions abroad and gaming the system but you want to keep selling in the USA? well tough nipples! re-patriate the money and pay full taxes and maybe we will let you sell in the USA again"

but this was never about the economy and about the people...it was about the %1 and tax breaks for cronies...congrats if you have stocks and if this will make you $$$...

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Rochard

I went to bed "early this morning" (long story) and the east coast news was already fired up and doing live interviews. They had some ass on talking about how this is going to lower taxes for the middle class by $2200. Sure sure. But... By removing the ACA healthcare mandate, my insurance will go up $900 a month so... My taxes might go down - which is debatable being as they seemed to have removed deductions - but my medical insurance will go up by $11,000... So this will cost people a huge amount of money in the long run.

Plus, any tax cuts to the Middle Class are temp.... They go away after four years.

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mineistaken

I know you libbies like ad hominem, but lets see:

15% bracket > 12
25 > 22.5
28 > 25

Although for the rich some decline as well somehow:
39.6 > 38.5

Does not diminish the fact that much bigger cuts for the middle brackets.

directfiesta

no point discussing with you ....


PS: rich never paid that rate ... NEVER

read: AMT ....

here is some help, as you are disabled:

maybe he could release his taxes and put this to rest ....

What's the alternative minimum tax? - Business Insider

and let's not talk about the estate tax .....

mineistaken

They ALWAYS paid it. Just not on all income, some income is LEGALLY not taxed or LEGALLY deducted so of course they did not pay on that.

The SAME WAY middle would not pay income tax on those same legally not taxable streams of income (just that they are less likely to get those).

OneHungLo

Listen 3rd world peasant, not that this pertains to you, but the laws here are written by the rich for the rich. You can either sit on the sidelines working a menial job and remain a w2 wage earner or you can save up work hard start a business and get/use those great corporate tax loop holes written by the rich. If you really want to use those tax laws written by the rich, buy some investment properties learn about depreciation and 1031 exchanges. Why do you think we haven't seen Trump's tax returns?

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CarlosTheGaucho

Well this bill is dubious at best.

Not only that "trickle down" has never ever worked in the past, simply since the primary allegiance of corporations is towards its shareholders, not to its employees or local economy.

So any freed money will likely not end up on the street, but are more likely to further overheat the stock market.

There are some solid parts such as adding to a child tax credit, increasing the tax rate for the US corporate profits held overseas, but all and all - it's difficult to imagine this to have a positive effect.

Also, perhaps the single biggest issue is that it's majorly complicated - a 479 page bill voted in in this last minute fashion is not a good sign at all.

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pimpmaster9000

Yes Americans have always idolized their oppressors...

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NewNick

Personally I would like to have seen some corporate responsibility from the management of these corporations.

The free societies that make these companies rich cost a great deal of money to maintain.

Education, welfare, roads, military, etc etc.

Why is it not a figure of corporate pride that they are able to contribute the maximum amount, rather than hiding it away and paying the absolute minimum.

What on earth does apple gain by hoarding all of this cash - why not do good with it ?

Why not create charitable foundations, or contribute to the care of the elderly, or cancer research ?

The day will come when apple will need someone goodwill in the bank

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MaDalton

it takes balls to go through life that brainwashed, i have to give you at least that

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thommy

i think you are not very familiar with shareholder issues.

so think about the following:

a shareholder buys stocks from a company.
this company invest the money offshore.
the offshore company makes profit but the profits do not go back into the country where the company is based.

if it does not go back it can also not be paid back as shareholder profit.

do you know how that would be called ?
FRAUD !!!! you dumbass.

so invested shareholder money could NEVER go outside and don´t come back. it was never like that and it will never be like that.

so all what will happen with this money from now on is, that they will pay LESS tax on it. but this money WAS in the country already.

but this is why trump likes people like you. you are stupid enough to fight and die for things what you do not understand.

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poncabare

Get a life, your not even American

Bladewire

^^^ Truth

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