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Originally Posted by NewNick
The nonsense spouted over this is really quite breathtaking.
So Trump announces corp tax cuts and some companies respond by giving their employees a raise / bonus, correct ?
The Trumpsters declare Muhrica to be great again and they bask in the glory of the warm glow of burning Roubles emanating from Trump tower. Correct ?
Now please feel free to correct me if I am wrong, but employee costs are completely 100% tax deductible.
Therefore any raise or bonus paid to an employee reduces a companies corp tax payable.
Therefore these companies could have done this anyway and the net result would have been exactly the same.
i.e. If you pay your employees more - you pay less to the tax man whatever the corp tax rate is.
Smoke and mirrors.
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well - thatīs not really comparable but sure it makes some difference.
a company what made before 100 M paid 35 M tax and had 65 M in the pocket
when they make 100 M win now but pay 20 M to the employees out and pay on the 80 M only 21% tax they are still left with around the same.
but the point is that the tax for companies will be the same in 10 years but not the tax for the employees.
so in 10 years the companies will still be fine and if they pay the same 20 M to their employees they will not have fun on that because THE WILL PAY THE TAX.
trumps state of the nation speech was again full of lies because he is a liar.
letīs take some of his statements and look behind them:
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Since the election, we've created 2.4 million new jobs, including 200,000 jobs in the industry alone. Enormous, after years of stagnating incomes, we finally see rising wages.
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LIE:
The basic message is correct: Since the election, 169,000 new jobs have been created each month in the US and wages are rising.
It is noteworthy, however, that Trump refers to the election day to increase the number of new jobs still - he was finally introduced two months later. He also claims an economic development that has been going on for years.
In the seven years leading up to the 2016 election, 185,000 jobs were created each month. And salaries are rising, but less so than at the end of Barack Obama's term. The fact that the United States after years of stagnation so "finally" again record wage increases is wrong. In fact, wages have been rising since 2014. (In the fourth quarter of 2017, they actually fell again.)
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"The stock market has broken one record after another."
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HYPOCRATE:
That's right, Trump points out, as the Washington Post has calculated, every third day. It should be noted here is that he always said in the election campaign, the stock market is "inflated", "a very, very large bubble" or a "fat, fat, ugly bubble". Trump's election to the presidency has not halted the rise in the Dow Jones index, he has since accelerated. And suddenly he is no longer a bubble, but a great record.
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"We have decided the biggest tax cuts and reforms in American history."
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LIE:
The tax cuts decided by Congress in December are indeed huge: $ 1.5 trillion in volume. Yet, it's not "the biggest tax cut in US history," but "only" the biggest in three decades. Calculated in terms of the share of the US economy, Trump's tax reform is in 8th place.
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"Our massive tax cuts give the middle class and no company enormous relief."
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LIE:
n fact, the tax cuts for small and medium incomes are temporary, while for corporations they are indefinite. In about ten years, about half of the taxpayers will pay, as the think tank "Tax Policy Center" has calculated - and especially citizens from the low and middle income bracket.
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"Many carmakers are building and expanding factories in the US - we have not seen that for decades."
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LIE:
The first part of the sentence is correct, automakers have announced corresponding plans. However, there is currently no evidence that this is a new trend. Employment in the US auto industry has been rising since 2009 and has been at its current level since April 2016.
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"End of green cards because Green Cards randomly distributed without qualifying, performance or taking into account the safety of our people ".
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FALSE:
Wikipedia helps: "Winners of the Green Card lottery win not directly a green card, but the right to apply for one," it says. Only those who can demonstrate a school education or training can take part. In addition, successful candidates undergo a health and safety assessment. Anyone who has a criminal record will not be admitted.
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"In the current broken system, a single immigrant can bring a virtually unlimited number of distant relatives."
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FALSE:
immigrants WHAT ARE LEGALLY IMIGRATED AND HAVING A US-PASSPORT
can apply for a green card for spouses, children, parents or siblings. For immigrants with a green card, stricter rules apply, they can only apply for the marriage of spouses and unmarried children. However, there is no automatic right to family reunification. Almost four million people are on the current waiting list, and the waiting period is often many years.
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"In recent weeks, two terrorist attacks in New York have been made possible by the Visa lottery and chain immigration."
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FALSE:
The first of these two attacks killed eight people in October in a truck. Accused is a 29-year-old Uzbek. The other attack, a bomb explosion, injured only the alleged perpetrator, a man from Bangladesh, who was allowed to enter the US in 2011 as part of the chain immigration. Both men became
radicalized in the US. The transmitter ABC evaluates Trump's statement therefore as "predominantly spin", thus a politically cut truth.
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"The United States is a compassionate nation and we are proud to do more than any other country anywhere in the world to help the needy, the destitute and the underprivileged around the world."
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NOT TRUE:
In absolute terms, that's true. However, putting development aid spending into relation to economic strength, the US is performing poorly. In 2016, according to figures from the OECD, they spent $ 33.6 billion on public development cooperation. Germany ranks second with 25.7 billion (with aid for refugees in Germany included in this sum). In terms of gross national product, the US is only 22nd (Germany is fifth, behind Norway, Luxembourg, Sweden and Denmark).
you can go on an on with his fake facts it will never end.