Quote:
Originally Posted by AmeliaG
Also, FFS, here is where you said regular Americans weren't getting the tax breaks they are getting. This is why I asked you to come up with ANY likely scenario where people earning less than six figures are not getting a cut.
Apparently you are unable to come up with the math for any poor or middle income earners not getting a tax break.
Can you come up with examples of new tax breaks only applicable to the wealthy?
Did you earn more this year or in 2014?
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I have yet to see anyone say the poor are paying more...
You are making things up to argue against.
I stated the case of 'PERCEPTIONS' on the issue and you apparently are mixing stuff up in your head.
There is very little change in personal rates and effective rates for Americans. Some deductions
Corporations got a reduction of top rates from 35% to 21%
A repatriation foreign earnings that they have been amassing at a rate of 15.5 percent for cash and 8 percent for other assets.
The growth that was suppose to happen from these tax breaks (job creation) end up being stock buy backs helping the CEO's that have a incentive to do so. So I would say they are making out pretty good for no extra effort... except perhaps a little lobbying.
Jobs are contrary to profits. Why would they want to do that. No bonus in it for them.
After the dust has settled and the stock market expects these new levels, what then when they can not continue to produce them ? Because that is how the street works.
They will be crying the blues and finding someone or something else to blame it on.
The truth is they have made the whole process much more complex than it needs to be and inside that complexity are the methods to avoid taxes.
I use plenty of them. I like them when they help me, but that does not make them right.