GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Where is my REFUND ? Where is that tax break ?

VRPdommy · 02-24-2019, 10:35 PM

We all know that the larger political issue here is expectations.
For many voters, they were told it was a big tax break for them.
We all (at least I did) knew that for the lower and middle class, it was a lowering of withholding for that weekly 'feel rich' via more expendable income from a paycheck.
(same as has been done twice before in my lifetime anyway)

Many folks spent as normal, that extra money at Christmas as they expected to pay back with their 'expected normal refund'.

So you have a poor perception from voters on both sides of the political spectrum.
You are not going to repair that perception before the next presidential election. But they can demonize the other side. I'm not sure how but I know they are creative folks.

But truth be told, now these taxpayers are probably going to be in longer term hawk with their credit cards. So spending will go down for the near-term while they pay them down over a longer period, and so the economy takes a dip with less expendable income.

Right wrong or indifferent on the taxes, it's not going to work out well politically for the republicans but trump has taken credit for making these tax breaks so the party can just blame him even though they were drafting them before trump won his party nom.

So, however it came to be that Amazon, the fastest growing and now largest retailer, pays nothing in federal tax on $11B in profits, it just has bad optics no matter what the reason is.

If Wall-Mart has something similar, it's going to look really bad.

After all, someone has to pay for the infrastructure that makes these folks biz a success.
And that is the only part that burns my ass when we hear the best biz's paying no taxes.
Capitalism is suppose to serve democracy, not own it.

02-24-2019, 10:35 PM
VRPdommy Too lazy to set a custom title Industry Role: Join Date: Oct 2014 Posts: 12,544	We all know that the larger political issue here is expectations. For many voters, they were told it was a big tax break for them. We all (at least I did) knew that for the lower and middle class, it was a lowering of withholding for that weekly 'feel rich' via more expendable income from a paycheck. (same as has been done twice before in my lifetime anyway) Many folks spent as normal, that extra money at Christmas as they expected to pay back with their 'expected normal refund'. So you have a poor perception from voters on both sides of the political spectrum. You are not going to repair that perception before the next presidential election. But they can demonize the other side. I'm not sure how but I know they are creative folks. But truth be told, now these taxpayers are probably going to be in longer term hawk with their credit cards. So spending will go down for the near-term while they pay them down over a longer period, and so the economy takes a dip with less expendable income. Right wrong or indifferent on the taxes, it's not going to work out well politically for the republicans but trump has taken credit for making these tax breaks so the party can just blame him even though they were drafting them before trump won his party nom. So, however it came to be that Amazon, the fastest growing and now largest retailer, pays nothing in federal tax on $11B in profits, it just has bad optics no matter what the reason is. If Wall-Mart has something similar, it's going to look really bad. After all, someone has to pay for the infrastructure that makes these folks biz a success. And that is the only part that burns my ass when we hear the best biz's paying no taxes. Capitalism is suppose to serve democracy, not own it.