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(Washington Post)   Trump's Treasury Secretary: The tax cuts we plan to offer to businesses will pay for themselves: Why are you laughing, I'm being serious, seriously   ( washingtonpost.com) divider line
    More: Facepalm, Taxation, economic growth, tax, tax cuts, White House, Income tax, Corporate tax, Progressive tax  
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874 clicks; posted to Politics » on 20 Apr 2017 at 8:59 PM (26 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2017-04-20 05:44:29 PM  
Otherwise also known as the Brownback Revenue Plan.
 
2017-04-20 05:51:14 PM  
Why do businessmen continue to expect economic growth to continue at a set pace?
 
2017-04-20 06:07:39 PM  

BizarreMan: Why do businessmen continue to expect economic growth to continue at a set pace?


Businessmen don't. Con men who are trying to sell you a pile of shiat but need it to justify their proposals do.
 
2017-04-20 06:08:17 PM  

naughtyrev: BizarreMan: Why do businessmen continue to expect economic growth to continue at a set pace?

Businessmen don't. Con men who are trying to sell you a pile of shiat but need it to justify their proposals do.


So Wall Street?
 
2017-04-20 06:41:17 PM  
It will stimulate growth so much that it will still bring in as much money. How can you libtards doubt that?

Besides, we all know how many loopholes there are in the tax code, so closing those will increase revenue without businesses paying ... any ........

Wait a second. Where is all that extra money coming from? Just whose loopholes are they going to close?

/I tried to think like a Conservative, but I just couldn't keep it up
 
2017-04-20 07:28:41 PM  
Only the United Arab Emirates has a corporate income tax rate Higher than the U.S.
 
2017-04-20 08:01:17 PM  
So it will trickle down like urine from a Russian prostitute?
 
2017-04-20 08:04:48 PM  
As I referenced earlier, just ask people in Kansas just how this sort of tax plan worked out for them.
 
2017-04-20 08:33:58 PM  
A 17 trillion economy, the largest in the world; and no matter whether it is facing inflation, deflation, high unemployment, recession... The solution is always tax cuts for the rich. And although supposedly the theory for these tax cuts is expressed as a curve on a graph, there are never diminishing returns to this strategy so it absolutely makes sense to have every congressman sign a pledge to never raise taxes.
 
2017-04-20 08:57:40 PM  

BizarreMan: Why do businessmen continue to expect economic growth to continue at a set pace?


Because if you give a business a subsidy, then they're going to want a tax break...if you give a business a tax break, then they're going to want regulations cut...if you give a business a regulations cut, then they're going to want competition throttled...if you give a business a monopoly, then they're going to want...
 
2017-04-20 09:03:22 PM  
img.fark.net
 
2017-04-20 09:03:44 PM  
Just like they did under Reagan and Bush....

Oh wait!!! No really this time!! just because ever other time it didn't work that doesn't mean that magically it won't this time right?
 
2017-04-20 09:04:16 PM  

lycanth: Only the United Arab Emirates has a corporate income tax rate Higher than the U.S.


And?
 
2017-04-20 09:04:42 PM  

lycanth: Only the United Arab Emirates has a corporate income tax rate Higher than the U.S.


And RATE is not even close to what is ACTUALLY PAID.
 
2017-04-20 09:05:51 PM  
THEY DON'T CARE THAT IT DOESN'T "WORK"

THEY'RE NOT DOING IT FOR OUR BENEFIT

THEY'RE DOING IT FOR THEIR BENEFIT

WAKE UP, 'MURICA
 
2017-04-20 09:07:00 PM  
I guess helping the Rich get Richer while the Poor stay Poor forever will Make America Great Again.
 
2017-04-20 09:07:14 PM  

lycanth: Only the United Arab Emirates has a corporate income tax rate Higher than the U.S.


US tax rate: 35%

US ACTUAL EFFECTIVE TAX Rate: 12.6%

http://money.cnn.com/2013/07/01/news/economy/corporate-tax-rate/

So the question is: A do you have no idea what you are talking about? Or are you lying and hope we are stupid?
 
2017-04-20 09:07:54 PM  
I am becoming to think that this is all a giant setup for the mother of all bubbles in the next couple of years followed by the greatest crash when this whole house of cards come crashing down. Time the upside and you'll become rich but it may not last when that crash takes everyone down. At least we canadians have resources to trade in the aftermath
 
2017-04-20 09:10:58 PM  

lycanth: Only the United Arab Emirates has a corporate income tax rate Higher than the U.S.


Now here is a chart of what they they ACTUALLY pay! not some number that doesn't reflect at all what they actually pay and is used to fool idiots.

cdn.static-economist.com
 
2017-04-20 09:15:22 PM  

Corvus: lycanth: Only the United Arab Emirates has a corporate income tax rate Higher than the U.S.

Now here is a chart of what they they ACTUALLY pay! not some number that doesn't reflect at all what they actually pay and is used to fool idiots.

[cdn.static-economist.com image 595x511]


Opps sorry that was income not corporate tax. But my above link was right.

here is the right chart which is just as bad.

img.fark.net
 
2017-04-20 09:16:39 PM  

Corvus: lycanth: Only the United Arab Emirates has a corporate income tax rate Higher than the U.S.

Now here is a chart of what they they ACTUALLY pay! not some number that doesn't reflect at all what they actually pay and is used to fool idiots.

[cdn.static-economist.com image 595x511]


You mean living in a nation with (supposedly) a decent infrastructure and only marginally corrupt justice system to keep you from being dragged from your home in the night and all your stuff taken by the poors might cost money?
 
2017-04-20 09:16:59 PM  

lycanth: Only the United Arab Emirates has a corporate income tax rate Higher than the U.S.


How do those other countries handle taxation of capital gains?
 
2017-04-20 09:17:11 PM  

MrBallou: It will stimulate growth so much that it will still bring in as much money. How can you libtards doubt that?

Besides, we all know how many loopholes there are in the tax code, so closing those will increase revenue without businesses paying ... any ........

Wait a second. Where is all that extra money coming from? Just whose loopholes are they going to close?

/I tried to think like a Conservative, but I just couldn't keep it up


lemme try...

see if business have more money, then they can pay their employees more.  Their employees then have more money to spend so the sales tax on the money they spend will make up for the tax cut the owner received.

True Story Bro...
Mother in Law got a job years ago for a new doctor setting up his own practice in town.  told the nurses he couldn't pay them much do to the mortgage on the office building, but once it is paid off he totally will give them raises.  Fast forward a few years when the mortgage is finally paid off, no raises for them but he has a new Mercedes.  Yet MIL still believes that if you cut taxes on the wealthy they will share it with their workers.
 
2017-04-20 09:22:21 PM  

El Trolo: I guess helping the Rich get Richer while the Poor stay Poor forever will Make America Great Again.


46.1% of the voters last November bought into that line of reasoning. It's a bold plan, Cotton...
 
2017-04-20 09:22:31 PM  

lycanth: Only the United Arab Emirates has a corporate income tax rate Higher than the U.S.


notthisshiatagain.jpg
 
2017-04-20 09:23:18 PM  

hubiestubert: BizarreMan: Why do businessmen continue to expect economic growth to continue at a set pace?

Because if you give a business a subsidy, then they're going to want a tax break...if you give a business a tax break, then they're going to want regulations cut...if you give a business a regulations cut, then they're going to want competition throttled...if you give a business a monopoly, then they're going to want...


Why the hell do you know "if you give a mouse a cookie?"

Also, you need to make this a book ASAP.
 
2017-04-20 09:26:29 PM  
How is the government going to get money to give to churches?
 
2017-04-20 09:28:48 PM  

ClavellBCMI: Otherwise also known as the Brownback Revenue Plan.


Bush 43 did it first. The national debt was eleminated in 2008. From the geniuses at Heritage:

cdn.theatlantic.com
 
2017-04-20 09:30:57 PM  

hubiestubert: BizarreMan: Why do businessmen continue to expect economic growth to continue at a set pace?

Because if you give a business a subsidy, then they're going to want a tax break...if you give a business a tax break, then they're going to want regulations cut...if you give a business a regulations cut, then they're going to want competition throttled...if you give a business a monopoly, then they're going to want...


A total monopoly?

tongogame.com
 
2017-04-20 09:36:55 PM  

Corvus: lycanth: Only the United Arab Emirates has a corporate income tax rate Higher than the U.S.

Now here is a chart of what they they ACTUALLY pay! not some number that doesn't reflect at all what they actually pay and is used to fool idiots.

[cdn.static-economist.com image 595x511]


You found a chart before Obama's increases kicked in? Congratulations.
 
2017-04-20 09:42:35 PM  

Stone Meadow: El Trolo: I guess helping the Rich get Richer while the Poor stay Poor forever will Make America Great Again.

46.1% of the voters last November bought into that line of reasoning. It's a bold plan, Cotton...


...let's see if it works out for them.

pbs.twimg.com

GOPers don't care if China nukes the US, because if they did, they would probably nuke the good parts, the east and west coasts, leaving the vast sea of chronically unemployable NRA members to face the oncoming wave of ChiCom breeder soldiers to Make America Go Asian. And not the fun kind of Asian, either. Eggs boiled in urine, not "Hello Kitty" on every damn thing in sight. This is really just another page of history, isn't it? Will this be the end of our civilization? Turn the page.

Bob Seger - Turn the page (original 1973 )
Youtube QVZMGzp6dQs
 
2017-04-20 09:52:46 PM  
www.aveleyman.com
/swallow the yellow dick load
 
2017-04-20 09:56:38 PM  

thehobbes: hubiestubert: BizarreMan: Why do businessmen continue to expect economic growth to continue at a set pace?

Because if you give a business a subsidy, then they're going to want a tax break...if you give a business a tax break, then they're going to want regulations cut...if you give a business a regulations cut, then they're going to want competition throttled...if you give a business a monopoly, then they're going to want...

Why the hell do you know "if you give a mouse a cookie?"

Also, you need to make this a book ASAP.


I do have a daughter. She's almost 16 now. I still have The Stinky Cheese Man memorized too, for that matter...
 
2017-04-20 10:00:17 PM  
I am pretty sure I have heard this one before....
 
2017-04-20 10:01:15 PM  

snowshovel: Corvus: lycanth: Only the United Arab Emirates has a corporate income tax rate Higher than the U.S.

Now here is a chart of what they they ACTUALLY pay! not some number that doesn't reflect at all what they actually pay and is used to fool idiots.

[cdn.static-economist.com image 595x511]

You found a chart before Obama's increases kicked in? Congratulations.


Yes under Obama it went in 2011 up to 13.2%

A whole -0.2 increase!!!! (you know what some liberal might call a "decrease")
 
2017-04-20 10:04:38 PM  

Arumat: Corvus: lycanth: Only the United Arab Emirates has a corporate income tax rate Higher than the U.S.

Now here is a chart of what they they ACTUALLY pay! not some number that doesn't reflect at all what they actually pay and is used to fool idiots.

[cdn.static-economist.com image 595x511]

You mean living in a nation with (supposedly) a decent infrastructure and only marginally corrupt justice system to keep you from being dragged from your home in the night and all your stuff taken by the poors might cost money?


I love how this thinking your parodying here is really an honest-to-god thing. Like, this is how we got Ferguson. Libertarians got the BRIGHT IDEA that we didn't need to fund cops through taxes, that "the criminals can pay for policing" through fines and fees. Conservatives LOVED the idea, leading munis all over the US to cut their local taxes, up their fines, and increase fine-enforcement. But ,of course, powerful and wealthy neighborhoods weren't going to put up with that, so those munis pushed all of the burden onto less influential and poorer ones, leading to towns like Ferguson paying practically all their costs on the backs of non-white communities smothered by police-harassment and bullshiat fines. And, because their police no longer lived in those communities, and because their job was to squeeze those communties for cash rather than to defend the people living there, shootings and beatings became commonplace, making needless deaths inevitable.

And all because conservatives wanted to believe you could have policing without raising taxes to pay for it.
 
2017-04-20 10:09:17 PM  

Julius Pleaseher: How is the government going to get money to give to churches?


They won't. They'll just give churches local governing authority, and then the churches will issue decrees mandating the tithe, establishing a non-believer-tax, and other such measures. This is genuinely what conservative academics want.
 
2017-04-20 10:09:55 PM  
img.fark.net
 
2017-04-20 10:11:35 PM  

thehobbes: hubiestubert: BizarreMan: Why do businessmen continue to expect economic growth to continue at a set pace?

Because if you give a business a subsidy, then they're going to want a tax break...if you give a business a tax break, then they're going to want regulations cut...if you give a business a regulations cut, then they're going to want competition throttled...if you give a business a monopoly, then they're going to want...

Why the hell do you know "if you give a mouse a cookie?"

Also, you need to make this a book ASAP.


couchpuppy.files.wordpress.com
 
2017-04-20 10:15:40 PM  

Heron: And all because conservatives wanted to believe you could have policing without raising taxes to pay for it.


You can. But it means that you have to up your game elsewhere. You need to up your game in education, you need to up your game in medical care and mental health care, you need to address issues of income equality and increase jobs and look to moderating housing woes. You need to take stress off communities, and offer them hope.

And no one likes those ideas. It's MUCH better to come down on folks, than help them lift themselves up. When people feel safe and can look to better jobs and a better future, they have less reasons to turn to crime. But that sucks money out of the system, and that means less police on the job, that means less revenue for the prison industry, and the judicial merry-go-round, and we can't have that.

We could cut our police budgets by half by investing in our schools and some fairly simple protections to help communities in need address issues of income equality and provide a better safety net, but that is the "p*ssy" way out, that would eliminate the problem, as opposed to smiting it. And people LOVE to smite sh*t, because then they feel involved and powerful. People take care of their own communities, and their own neighborhoods? That is crazy talk, and who KNOWS what will crawl out of those places? I mean, there could be whole new business models and industries rising up out of them that could upset the apple cart, and we do NOT want the poors and the various shades of people coming up with MOAR competition.

Nope. Boot to the head. That's the way to go. Yeah, it costs more, but it's a LOT easier to invest in, and control, you know, except when people riot, but the good news is, that when people do, you can restrict public transportation so they only burn down parts of town you can afford to lose, and not where the people who started their woes and keep putting the screws to them live...
 
2017-04-20 10:23:53 PM  

El Trolo: I guess helping the Rich get Richer while the Poor stay Poor forever will Make America Great Again.


It will, for Trump.  Trump's America is not our America.
 
2017-04-20 10:32:32 PM  

Emposter: El Trolo: I guess helping the Rich get Richer while the Poor stay Poor forever will Make America Great Again.

It will, for Trump.  Trump's America is not our America.


I think that John D. had something to say about this not new impulse, back in '64

Bless them all, the forlorn little rabbits. They are the displaced persons of our emotional culture. They are ravenous for romance, yet settle for what they call making out. Their futile, acne-pitted men drift out of high school into a world so surfeited with unskilled labor there is competition for bag-boy jobs in the supermarkets. They yearn for security, but all they can have is what they make for themselves, chittering little flocks of them in the restaurants and stores, talking of style and adornments, dreaming of the terribly sincere stranger who will come along and lift them out of the gypsy life of the two-bit tip and the unemployement, cut a tall cake with them, swell them up with sassy babies, and guide them masterfully into the shoal water of the electrified house where everybody brushes after every meal. But the most wistful rabbits marry their unskilled men, and keep them right on working. And discover the end of the dream. They have been taught if you are sunny, cheery, sincere, group-adjusted, popular, the world is yours, including barbecue pits, charge plates, diaper service, percale sheets, friends for dinner, washer-dryer combinations, color slides of the kiddies on the home projector, and eternal whimsical romance-with crinkly smiles and Rock Hudson dialogue. So they all come smiling and confident and unskilled into a technician's world, and in a few years they learn that it is all going to be grinding and brutal and hateful and precarious. These are the slums of the heart. Bless the bunnies. These are the new people, and we are making no place for them. We hold the dream in front of them like a carrot, and finally say sorry you can't have any. And the schools where we teach them non-survival are gloriously architectured. They will never live in places so fine, unless they contract something incurable.
--The Deep Blue Good-By
 
2017-04-20 10:34:33 PM  
Why do they think the Laffer Curve looks something like this?

cdn-0.analyzemath.com
 
2017-04-20 11:25:03 PM  
It's called the long game.  They will push for tax cuts forever until they get their way.  The best solution would be to simply eliminate all taxes and then watch their heads explode as they have nothing else to put forward.
 
2017-04-20 11:33:12 PM  

JonBuck: Why do they think the Laffer Curve looks something like this?

[cdn-0.analyzemath.com image 470x354]


Because Libertarians are embarrassed Republicans who got a D- in Calculus.
 
2017-04-20 11:44:02 PM  
I was watching the press conference.  He couldn't say it with a straight face.
 
2017-04-21 12:21:44 AM  
Yet another Laffer Curve student. Hey, Munchie, ask Brownback how that shiat really works.
 
2017-04-21 12:54:35 AM  

JerkStore: Yet another Laffer Curve student. Hey, Munchie, ask Brownback how that shiat really works.


Actually Laffer Curve is true. it's just it's way way more up on the other side of the chart than Republicans believe it is.
 
2017-04-21 01:47:52 AM  
My B.Ec. makes me think that the Treasury Secretary has never studied economics.

If your employer offered you less per hour power, but promised to give you more hours of work which would result in a gross increase in your take home pay, would you take the offer?
 
2017-04-21 01:48:17 AM  
* pay not power :p
 
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