they probably shouldn't have underpaid.....
The real money was made when he and his partner sold their company for 27.5 million. His partner retired a few months ago at age 43, my son is 42 and is retiring in March. The conglomerate that bought their company owns 30 other companies. They asked my son and his partner to stay on for a while. His partner retired but agreed to work two days a week at FULL salary. They both are engineers and worked 16 hour days for several years.
The 70% marginal tax proposal by the Socialist Democrats is an abomination. I don't believe that it will ever pass.
they probably shouldn't have underpaid.....
Truth Detector (02-08-2019)
You lowered the tax rate, for a short period of time (those cuts expire in a couple years), but by removing itemized deductions and exemptions, the doubling of the standard deduction is less for many families than what they had been able to deduct and exempt before.
That's the point.
That's why those families are seeing higher tax liabilities, and are getting smaller refunds or owing more.
When I die, turn me into a brick and use me to cave in the skull of a fascist
Truth Detector (02-08-2019)
wow.. wow wow..that's awesome -again congrats. This is what is really uniquely American.
Inventing, marketing, engineering really can make you retire at 42 with no more money cares.
the 70& may not happen ( but recall the kidz are more wanting socialism then capitalism)
so us adults have to to speak up for capitalism (not unfettered capital;ism) -or ignorance will eventully get us there
Earl (02-08-2019)
btw Trump's $1,500,000,000 addition to the nation debt to benefit his corporate donors is VERY unpopular with the voters
yet another backfire for GOP pirates, another nail in the nation's coffin
fuck Republicans
In December 2017, Congress cut government revenues by passing a $1.5 trillion tax cut. Congress claimed the corporate tax cuts would benefit everyone because businesses would invest or use the tax cut to raise wages. Donald Trump tweeted “TAX CUTS will increase investment in the American economy and in U.S. workers, leading to higher growth, higher wages, and more JOBS!” (Emphasis in his original tweet.) The promise hasn't materialized. Even Fox News, in an August 2018 poll, found Obamacare to be more popular than the tax cuts.
Here is the Fox News poll.
But so far, the cuts have not been linked to an increase in labor share or more investments. The Federal Reserve Bank of Chicago’s current capital spending index indicates private business investment plans have remained in negative territory since 2015. The most certain effect of the tax cuts has been to help fuel a massive increase in the federal deficit and debt.
So where is all the money saved from corporate tax cuts going? First, to companies’ bottom lines and second to stock buybacks, which were recently at a record high. So far, in 2018, the 500 corporations in the S&P Index have received $30 billion from the corporate rate cut, which in turn accounts for over 40 percent of S&P equity earnings growth. When economies are strong, equity values rise because the issuing corporations are engaged in innovation and other fundamental strategies to raise the real performance of the company. However, innovation and fundamental performance do not seem to be the cause of the rise in equity values. The Shiller PE ratio, which compares share prices to earnings, is now over 30, the highest since the expansion began mid 2009.
https://www.forbes.com/sites/teresag.../#63d07f5126bb
Thanks, I helped with the seed money for their company and they were very generous with me when they sold the company.
These opportunities are available to those who get a good education, work hard and never give up when the going gets tough. People from Central America and Mexico and all around the world are coming to take advantage of these opportunities.Socialism does not provide these opportunities. They must come legally though.
First of all, your post has nothing to do with the OP which is talking about this year, not 2027
The fact that you are reaching into 2027 is a concession that I have fisted all of you leftists with math and facts.
Secondly, no moron can try to predict what anyones tax burden is going to be 8 years from now. Only a fucking moron would try to do that. Are you a fucking moron? Are you?
It would have been easier for you to just admit I was right and my analysis was spot on.
The fact remains that many people will get a tax cut this year and that scares democrats
Earl (02-08-2019), Truth Detector (02-08-2019)
here ya go, enjoy
NBC News Exit Poll: Most U.S. voters say Trump tax cuts have not helped personal finances
Despite President Donald Trump's promise that tax cuts passed last year would positively affect the personal finances of Americans, only 29 percent of voters say the changes have helped them, according to the NBC News Exit Poll. Nationwide, 45 percent of voters report that the tax changes have not impacted their personal finances, while 22 percent say their finances have been hurt by the changes.
The exit poll also shows that voters in higher-income households are twice as likely as voters in lower-income households to report that tax law changes have helped their personal finances. Seventeen percent of voters with annual household incomes under $30,000 said their personal finances had benefited, compared to 34 percent of those with annual household incomes of $100,000 and higher.
https://www.nbcnews.com/card/nbc-new...-trump-n933301
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