Reply With Quotecancel2 2022 (01-01-2019)
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Althea told me...........
The last paragraph in the idiot's piece tells the story that we've all been saying since Bush's tax holiday...repatriation creates no jobs, despite what Republicans claim every time they call for repatriation.Originally Posted by Old Trapper
We should thank him for bringing that fact out of the shadows.
Once in a while you get shown the light, in the strangest of places if you look at it right.
cancel2 2022 (01-01-2019)
katzgar (01-01-2019)
Althea told me...........
Even when you rub his nose in it, he just doesn't get it. It encourages businesses to continue to hide money overseas.
Once in a while you get shown the light, in the strangest of places if you look at it right.
cancel2 2022 (01-01-2019)
Oderint dum metuant
I'm always amused when cowards who claim to be "ignoring" me post in my threads.
Perhaps this coward can produce some figures proving that "repatriation creates no jobs."I'll understand if he can't, naturally.
Oderint dum metuant
Who told you that?
Shaken, not stirred!
SOS----tax breaks to the "job creators" will mean more jobs. And yet, the tax cuts cost billions in revenue while the "job creator" friendlies in government cut back social services...and the job creators "create" low paying, temporary (aka "contractual") jobs with no medical insurances while bitching about a $15 minimum wage for fast food workers.
Reaganomics...repeating it in any shape, form or fashion just breeds the same results.....economic disaster on the horizon.
And the beat goes on.
During times of universal deceit, telling the truth becomes a revolutionary act.
George Orwell
Banned
I have been hiring more people. Great pay, great benefits. Happen to know quite a few businesses that do the same thing. Have you been hiring?
Oderint dum metuant
You think he's in any position to hire people, Cap'n?
Banned
Of course not. It is always easy to tell the ones that never actually do anything!
Oderint dum metuant
Well, to be fair, Cap'n, he might hire an occasional male prostitute, I suppose. If he saves diligently and doesn't spend his entire government handout every month.
Oderint dum metuant
Abstract: We investigate how companies with large holdings of cash abroad have used those funds following the Tax Cuts and Jobs Act, which eliminated prior tax disincentives on the repatriation of foreign earnings.
Before the Tax Cuts and Jobs Act (TCJA), foreign profits of U.S. multinational enterprises (MNEs) were subject to U.S. taxes, but only when repatriated. This system incentivized firms to keep profits abroad, and, by the end of 2017, U.S. MNEs had accumulated approximately $1 trillion in cash abroad, held mostly in U.S. fixed-income securities.
Under the TCJA, the United States shifted to a quasi-territorial tax system in which profits are taxed only where they are earned (subject to minimum taxes); henceforth, U.S. MNEs' foreign profits will therefore no longer be subject to U.S. taxes when repatriated.
As a transition to this new tax system, the TCJA imposed a one-time tax (payable over eight years) on the existing stock of offshore holdings regardless of whether the funds are repatriated, thus eliminating the tax incentive to keep cash abroad.
Balance of payments data show that U.S. firms repatriated just over $300 billion in 2018:Q1 alone, roughly 30 percent of the estimated stock of offshore cash holdings. For reference, the 2004 tax holiday, which provided a temporary one-year reduction in the repatriation tax rate, resulted in $312 billion repatriated in 2005, of an estimated $750 billion held abroad.
It should be noted that repatriation reflects the transfer of funds to the United States in purely accounting terms: The funds previously held by a foreign affiliate are now held by the U.S. parent.
The quantity of cash repatriated since the passage of the TCJA might have a notable effect on firm financing patterns and investment decisions in the near term--a topic that has garnered considerable investor attention. The analysis detailed here suggests that funds repatriated in 2018 have been associated with a dramatic increase in share buybacks; evidence of an increase in investment is less clear at this stage, as it is likely too early to detect given that the effects may take time to materialize.
https://www.federalreserve.gov/econres/notes/feds-notes/us-corporations-repatriation-of-offshore-profits-20180904.htm
Verified User
So, when your gawd Trump said it would be a benefit to the middle class, he was lying as usual, and your head was stuck so far up his ass, or was it your dick, you just could not hear it.
And when your dumb dog fucking punk said "Who benefits from tax cut? People and companies who pay taxes," he was just spouting off shit, and lies, like you.
https://www.politifact.com/truth-o-m...axes-everyone/
August 8, 2016
Trump-O-Meter
Cut taxes for everyone
"Everybody is getting a tax cut, especially the middle class."
Sources:
Interview with CNN New Day
Subjects: Taxes
Last edited by Old Trapper; 01-01-2019 at 11:29 PM.
"2Timothy 3 "But know this, that in the last days perilous times will come: For men will be lovers of themselves, lovers of money, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy, unloving, unforgiving, slanderers, without self-control, brutal, despisers of good, traitors, headstrong, haughty, lovers of pleasure rather than lovers of God, having a form of godliness but denying its power. And from such people turn away"
Verified User
The reason he "can't" is you are too fucking stupid to be able to comprehend reality, as usual. Repatriation of finances has NEVER created jobs:
http://time.com/money/5267940/compan...tock-buybacks/
"We’re starting to learn what America’s biggest companies are doing with the huge windfalls from President Donald Trump’s tax cuts. And the answer is great for investors – but not so great for workers.
That’s because many companies are returning huge portions of their billions in tax savings to shareholders in the form of share buybacks and dividend increases — not necessarily new hiring and investment.
Companies are on track to plow a record $1 trillion into boosting dividends and buying back their own stock this year, says Howard Silverblatt, senior index analyst S&P Dow Jones Indices.
Buybacks are a strategy to boost stock prices by reducing the number of shares outstanding, which artificially increases a company’s earnings per share. But they do little to improve the economy."
"2Timothy 3 "But know this, that in the last days perilous times will come: For men will be lovers of themselves, lovers of money, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy, unloving, unforgiving, slanderers, without self-control, brutal, despisers of good, traitors, headstrong, haughty, lovers of pleasure rather than lovers of God, having a form of godliness but denying its power. And from such people turn away"
Banned
You're a fucking idiot. Look at my avatar, dumbfuck.
Verified User
It is your words that count, not some avatar you fucking fool.
"2Timothy 3 "But know this, that in the last days perilous times will come: For men will be lovers of themselves, lovers of money, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy, unloving, unforgiving, slanderers, without self-control, brutal, despisers of good, traitors, headstrong, haughty, lovers of pleasure rather than lovers of God, having a form of godliness but denying its power. And from such people turn away"
fully immersed in faith..
Democrats.....did you notice what the vote was on the 2018 budget?......Quote Originally Posted by Masturbate Wang View Post
Maybe this Einstein here can explain why the deficit continues to grow.
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