Trumps Tax Plan

So what's the tl;dr on the new tax plan?

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theatlantic.com/politics/archive/2017/04/trump-tax-plan-king-of-debt/524286/
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>20% Less tax on companies
>10%, 25% and 35% tax brackets
>Closing up loopholes and taxing offshore money

More money in companies' pockets who operate in the US to help them grow and hire more Americans. More money in tax payers' pockets to help them live, spend and save. Less money in companies' pockets who offshore production and jobs to make bringing production and jobs back to US shores a smart choice, again increasing jobs.

TL;DR
Winning: the tax plan

don't mind me goyim
I'm just here to test a theory
keep on posting as normal

Sup Israeli friend.

/comfy/. I can get behind this

national debt is gonna explode. he lowered the corp tax but that won't bring any company back that is already running an irish sandwich because they are currently receiving that rate and it will cost them money to move back so it will just be lost revenue

nm honestly
just trying to see if my prediction is corrent and posting once with this flag is enough to derail a thread

Not really. We're talking about how great Trump's proposed tax plan is for Americans. Shalom.

same as has been on his campaign website for a year now, correct?

His plan is to cut massive amounts of revenue from the government and fill the gaps with debt. Worked just fine for Greece.

>national debt is gonna explode
Not really. There will be more Americans working in the long run which will make up for the lost tax revenue from the average worker. The average American will be able to spend and invest more, continuing to increase the economy. Companies who don't come /home/ will pay 20% more which will bring in a LOT of revenue to the fed.

A Tax Plan That Befits the 'King of Debt'

theatlantic.com/politics/archive/2017/04/trump-tax-plan-king-of-debt/524286/

he is going to swell the debt to unheard of heights. i literally cannot wait for this to be implemented. the amount of money we currently pay to service our current debt is unreal. this will take it to comic book apocalypse proportions

if you want a happening, here it is

>implying most of the government isn't fucking worthless

>Closing up loopholes and taxing offshore money

not gonna happen

It's not that cut and dry. It will be less revenue as a percentage, but there will be more revenue to tax between the increase in spending, the increase in taxable income workers and increasing revenue brought in as companies grow. The 20% tax on offshored companies is a HUGE amount of additional revenue.

why will there be more americans working?

Why wouldn't those companies just buy machinery to improve productivity with the extra funds and maintain the same workforce?

Employees you have to pay and pay employment tax on. A machine you can write off the depreciation.

yeah, it's hard to say for certain but if it's good and makes america profitable and i have more money to spend on drugs then it's a win

and if it completely destroys america turning it into a dystopian future wasteland then that's a win too

>Trump will never be POTUS!
>He's done this time guys

I love Democrats trying to make the "muh national debt" argument. Since when did they give a fuck about fiscal responsibility? Certainly didn't when Barry O increased the debt by more than all 43 Presidents before him combined.

this, folks. trump is too smart to work off of 1d math. he uses predictive behavior models to determine the tax brackets

Some of it is, military especially. Massively wasteful. Military budget could be cut in half, but the bootlickers would howl about that.

You trumpcucks are delusional

Because believe it or not, machines do not run all facets of the economy. We're not talking just car factories here.

If this tax plan goes through my relatively small company is planning on hiring a lot of people between operations, sales and accounting.

4D chess... Right guys?

Jobs arent going to come back by taxing companies who have outsourced labor.

relevant

>double the simple deduction
>abolish estate tax and AMT
>tax holiday for corps to repatriate offshore money

where?

the tax plan needs to pass congress

more like the 'king of getting blocked by congress or the courts because literally everything he does is retarded'

Problem is to maintain machines, you need an education. And the people who need the jobs, miss that higher education.
The problem soon is not he lack of jobs, but the lack of a skilled workforce.

that was written in november of 2016, and we are still there.

he's due for some kind of win since he just got BTFO'ed three times in like 24 hours

1. first lady, ivanka, tweets about letting syrians in
2. his wall money taken out of the emergency funding bill
3. ninth circuit BTFO'ed trump on his dictator orders

maybe a decent tax plan? all the economists say it laughably falls short, though, and will explode the debt

eagerly awaiting the outcome

how much more cucking can trumps fat butt take before his heart gives out?

Jobs are going to be created by the average worker having more money to spend, creating more demand, allowing companies to grow and giving them more money between increasing revenue and lessening taxes to hire people to keep up with demand.

Taxing companies with outsourced labor is just extra revenue to help close the initial gap and make sure they are paying a price for offshoring labor. It also gives growing companies less incentive to offshore future labor needs.

I don't expect the major multinationals to pack up overseas and move everything home, that's retarded. But they will pay more.

>"I don't know how economics works"
>the post

x2 standard reduction
Tax relief for families with children
Eliminate tax breaks for the wealthy(that's the biggest one, read up on it)
15% for all companies (no more retail paying 35% but oil paying 7% due to loopholes)
Smaller IRS because taxes will be easy as pie to calculate now

The current 10% threshold is ~$9k. By consolidating the tax brackets, this threshold will increase (I haven't seen exactly what it will be but I've heard ~$25k , maybe someone else can confirm this?). This means that all the money that anyone with a job makes between $9-25k (so $16k worth of income) will be taxed at 10% instead of the 15% it is taxed at currently. This effectively raises take home pay by $800 per year just on your first $25k of income. This benefits every hard-working American, and will be most appreciated by the working & middle classes where a couple extra thousand $ per year will be most appreciated by the working class

Things that are dependent on people's opinions

>Everything in your image

Things that aren't dependent on people's opinions

>Amount of revenue generated by Trump's tax proposal

NAFTA is on the chopping block . we conduct more trade with mexico and canada. canada is dealing with a election cycle which is a tale of two nations. 1 are the new comers who are shit skins and the other are rednecks who fuck their kids.

le weed man may be dragged out into the street and shot if america withdraws from nafta which is in the agreement. its not permanent we can at any time withdraw from it and mexico would be overun with cartel faggots even more so than now

its in their best interest to renegotiate

also the reduction isnt that much. 10% for the average person going by national average income and the reduction to corporate taxes is likewise about 3%. most at the top dont pay the 44% for personal income tax because of tax breaks for charitable donations. many pay about 25-28%. trump himself mentions loopholes so they may want to adjust things. even romney floated removing itemized deductions in 2012

Good, goy

touche. funny cause it's true

do I still get to write 'I win' to the IRS if I make under 25k??

Not every job is in production. Service companies are a huge sector of the economy. There is also a mass of unemployed skilled labor just waiting for an opportunity to put it to use. As the demand increases and that labor pool is put to use, more opportunities for training develops.

Nope, just bad information and retarded conclusions.

>the government will lose all that money and won't gain anything back, do our debt will skyrocket

Why is it that liberals think rich people just sit on piles of money one Scrooge McDuck? It gets invested, which grows our economy and causes more sources of tax revenue.

All American Jewish pig. Less taxes for multi-national corporations so they can make more profit while most of the population earn minimum wage. Fuck Trump.

>Less taxes for multi-national corporations
That's entirely wrong though. If multi-nationals are offshored, the revenue generated overseas will be taxed an additional 20%.

American companies who operate and produce domestically will get a cut.

Workers will get a cut in taxes.

It's almost like you don't understand any of what was proposed.

oh really? Why is your relatively small company paying corporate tax at all? Wouldn't you be a pass through entity like all small companies are?

Im okay with the 3 tax brackets
but lowering takes on corporations is bullshit.
at 15% companies would pay a lower % than anyone making over 30K a year

i make 45K a year and i'd be paying a higher % than a billion dollar company.

Fuck I hope so.

I said relatively small. We are a corporation, but we're not a conglomerate or mega multi-national. We have offices in all 50 states. We employ thousands of people. We are a small fish in a big pond of our industry though.

These tax cuts will help facilitate growth in our operations and sales departments which will also necessitate increasing our accounting capabilities.

That's where closing loopholes and ending bullshit favoritism/nepotism comes into play.

People get mad if you lower taxes, people get mad if you raise them. yep.

0% tax for people making under $24k

why do you care about %? They are paying millions in taxes a year while you pay next to nothing?

Currently companies are keeping money offshore bc rates are 40%. So they ultimately pay no taxes.

not all businesses are corporations

>ending nepotism
uhm

If "your" "small company" wants to grow, why do you need a tax cut? Money you reinvest in your company isn't profit so you wouldn't be taxed on that anyway.

and?

Services become more complex, and jobs that were traditionally unskilled as well.
This needs training and education. Not everybody will be able to keep up and companies are, at the moment, not equipped to fill the gap they themselves create.
I recommend to look at the Ted presentation by Rainer Strack.

This creates another problem: there will be an increase in wages for skilled jobs while there is a surplus of unskilled workers. As the USA moves away from science driven schooling at the moment and the respect for any form of science in the US is degrading, the US is feeding an education crisis from the other side as well.

Another issue is that companies are reluctant to educate: it costs money directly and the trained employee might be bought away as well, costing money at the later stage.

This all results an equality issue as well, which is detrimental for any population: Social inequality drives crime up, life expectancy down and social mobility grinds to a halt.

>lower taxes on corporations is BS
never mind the fact that all the individuals in said corporations still have to report the money they already pay taxes on for the income tax too

>my fucking sides

the worst part is that none of the trump family will every leave politics now. with this one election every person in this family is now firmly entrenched in the US gov till the end of time

Run of the mill Jeb-tier stuff that will only appeal to boomers and jewish financial elites.

DOA, like everything else this moron is trying to push through

Yes they will, taxes have a significant impact on economic behavior. Ever wonder why so many companies reinvest a ton of money into non-liquid assets, claim it as loss, and never pay dividends? I'll bet you never did, because you don't know how taxes fucking work

From 1950 to 1980 the US GDP grew from $2.184 trillion to $6.466 trillion or 296%. This period saw 16 of 30 years of economic expansion greater than 4% This was the period of the American dream when America could truly be called great. The top income tax bracket during this period ranged from 70 to 92%.

Since the year 2000 we have never seen a GDP growth rate of over 3.8%. The top federal tax bracket has ranged from 35% to 39.5%. And over the last 16 years the economy has only grown an abysmal 31%. The number of billionaires, however, has grown from 49 to 460 since 2000 with a similar ten-fold increase in millionaires. The rich are getting richer while the economy stagnates.

good christ, why is he so orange? is this photoshopped? what makes a human that color?

This is actually a pretty light adjustment desu.

demand + no supply = a job for someone

as long as we have a central bank we cannot escape debt. So it doesn't matter anyways.

spray tan

What do they call them in Ireland, the orangemen?

yes, which makes it an equal sum that most people pay since most people pay fica and capital gains out of their paycheck.

When a shareholder in a company makes profit from a c corp (which are the only companies that pay corporate tax) they only pay capital gains tax on that money, not fica. That is why corporate tax exists. Otherwise investors and company shareholders would always be essentially be paying half the percentage that everyone else with a job does.

>Trump took office in November guys!

Fuck you socialist shillbot
Perhaps the unencumbered tax based will rise up to fucking obliterate the SocTards

>Feeling shackled ?

>all the economists
first election cycle, huh kid?

>hire more americans

yeh right it means buy more child prostitutes for the CEOS how could you be this naive?

good counter argument

The atlantic? You're clearly a lefty shill. All that the article has to offer are ridiculous conspiracy theories.

the cucks on foxnews were even lambasting him over the debt this will bring. having legit criticism doesn't make you a shill, you fucking T_D kike

this cult of personality bullshit has completely silenced any legitimate debate or criticism on T_D and now that shit is flooding here

anyone notice Trump tax cut threads are being slid like a mo

Pick one USA:
>Liberal Western European immigrants
>Conservative Niggers/Shitskins