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03 28, 24, 04:29:57:PM

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Biden Does NOT need a BILL to close the border
He only needs a PEN. Thats all he needed to open it.
Thats all he needed to close it. Thats all Trump needed.
Maybe this is just Proof Trump is better than Biden.

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 |  All Boards  |  Current Events  |  Topic: How is cutting taxes on corporations going to help anyone? 0 Members and 1 Guest are viewing this topic.
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Author Topic: How is cutting taxes on corporations going to help anyone?  (Read 1898 times)
chuck_curtis
Contributor
Sr. Member

Posts: 68568

Let's go Brandon!


« Reply #12 on: 11 30, 16, 12:49:39:PM » Reply

Trump's released tax plan will raise your taxes

That's not what I hear, but if it's true I am going after him for hurting me.
HK91-762mm
Sr. Member

Posts: 19919

FreePeople are Not Equal,Equal people are Not Free


« Reply #13 on: 11 30, 16, 12:53:45:PM » Reply

 Lower corporate taxes will..aahhh  Never mind You would not understand 
darkflower
Sr. Member

Posts: 23321


« Reply #14 on: 11 30, 16, 12:54:26:PM » Reply

It means the rich who do not even have to work will get even richer while those who do work will be even worse off thanks to the spending cuts that go along with the tax cuts for the useless rich slobs.

If you work and think it will be good for you, think again.
sweetwater5s9
Contributor
Sr. Member

Posts: 99142


« Reply #15 on: 11 30, 16, 01:02:11:PM » Reply

 Corporate and shareholder taxes reduce the incentive to invest and to build capital. Less investment means fewer productive workers and correspondingly lower wages.

Consumption taxes, such as sales taxes, affect suppliers of labor and capital, but neutrally. Corporate and personal income taxes are not neutral, as they represent essentially additional, double taxes on future consumption.

This review of empirical studies of taxes and economic growth indicates that there are not a lot of dissenting opinions coming from peer-reviewed academic journals. More and more, the consensus among experts is that taxes on corporate and personal income are particularly harmful to economic growth, with consumption and property taxes less so. This is because economic growth ultimately comes from production, innovation, and risk-taking.

In sum, the U.S. tax system is a drag on the economy.  Pro-growth tax reform that reduces the burden of corporate and personal income taxes would generate a more robust economic recovery and put the U.S. on a higher growth trajectory, with more investment, more employment, higher wages, and a higher standard of living.


Empirical Studies on the Effects of Taxes on Economic Growth

@

http://taxfoundation.org/article/what-evidence-taxes-and-growth
wvit1001
Sr. Member

Posts: I am a geek!!


« Reply #16 on: 11 30, 16, 01:09:45:PM » Reply

There's no evidence that cutting corporate taxes will do anything other than reduce tax revenues.
darkflower
Sr. Member

Posts: 23321


« Reply #17 on: 11 30, 16, 01:14:41:PM » Reply

Corporate and shareholder taxes reduce the incentive to invest and to build capital

Nope. They are already not investing because the last credit crisis changed corporate culture.

And it ain't as simple as cut taxes and get growth. But if you want to cut taxes, cut them for people who work for a living, not rich fat slobs who do nothing but soak up the fruits of everyone's labors for themselves for their "risk taking."
chuck_curtis
Contributor
Sr. Member

Posts: 68568

Let's go Brandon!


« Reply #18 on: 11 30, 16, 01:16:29:PM » Reply

There is no evidence that cutting corporate taxes hurts anyone, because spending never declines and deficits don't matter -- until they do matter, but that day is inevitable anyway.
darkflower
Sr. Member

Posts: 23321


« Reply #19 on: 11 30, 16, 01:21:57:PM » Reply

Um, spending does decline. There have been actual cuts over the last couple of decades. Less for education and less for enforcement of worker safety are two that come to mind.
chuck_curtis
Contributor
Sr. Member

Posts: 68568

Let's go Brandon!


« Reply #20 on: 11 30, 16, 01:25:52:PM » Reply

There have been cuts here and there but overall spending doesn't decline.

jst-the-fax
Evil does not exist within a gun. It exists in the minds and hearts of those who pull the trigger for evil purposes.---Laus Deo
Contributor
Sr. Member

Posts: 33442

http://purebredcatrescue.org/


« Reply #21 on: 11 30, 16, 01:34:23:PM » Reply

I wonder if libs understand that Corporate taxes are built into the products and services a company sells?
captain_kook
Laughing at the right-wingrrrr corporate-front-Tea Party-GOP-TalkRadio Cult! Yes - YOU!
Sr. Member

Posts: 26075


« Reply #22 on: 11 30, 16, 01:35:41:PM » Reply

Trump would hike taxes for some in middle class - USA Today

www.usatoday.com/...middle-class-trump...tax-increase/94427186/



[LIST=1]
2 days ago -
WASHINGTON — President-elect Donald Trump's proposals would modestly cut income taxes for most middle-class Americans. But for nearly 8 million families — including a majority of single-parent households — the opposite would occur: They'd pay more.


<!--n-->
<!--m-->
Millions Of Middle-Class Families Will See Tax Increases Under The ...
www.politicususa.com/.../millions-middle-class-families-tax-increases-tru...



[LIST=1]
5 days ago -
A Donald Trump presidency would likely mean higher taxes for millions of middle-income families, CBS News reported on Friday, citing ...
darkflower
Sr. Member

Posts: 23321


« Reply #23 on: 11 30, 16, 03:08:03:PM » Reply

No, taxes on profits are not built in to any prices. That is not how pricing works. You set the price to maximize profits. If you do that and then raise the price to "recover" the tax on the profits, then you make even less money because your profits go DOWN, not up.

Other taxes can be built into the price, but not a profit tax.
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