Show me a chart that shows a tax cut resulting in a tax revenue decrease, until then:
Kill yourself.
its lolworthy that the cbo was off by like 100%
trumpf tax cut for the rich=how many trillions in debt will it cost the rest of us?
- Thread starter Bill
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its lolworthy that the cbo was off by like 100%
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How come a corporate tax cut was a good idea when Obama said it was but a bad idea when Trump says it is?
How come a corporate tax cut was a good idea when Obama said it was but a bad idea when Trump says it is?
it would be racist to say anything that obama wants is bad.
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Good point, Comrade. I'm glad you thought of it before TTQ64 had to remind us.
Superfreak
Verified User
Yes, fewer small businesses paid the estate tax in 2013, because they increased the estate limits to $5mm per person with inflation adjustments. Personally I think those limits are high enough to take care of the majority of smaller businesses. If they bumped it to $7mm per person with inflation adjustments, I'd be ok with it, but it doesn't need to go any higher than that.
Superfreak
Verified User
It was an op ed piece. That doesn't means the data he used was an opinion.
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I don't recall seeing any DEMOCRATS worried about the deficit when Obama said "cutting the rate to 28 percent" was necessary for “putting the United States in line with major competitor countries and encouraging greater investment here at home.”
Is that because it would have been considered rayciss to challenge anything Obama wanted?
http://dailysignal.com/2017/10/27/democrats-have-done-a-180-on-corporate-taxes-heres-what-they-said-last-year/
Is that because it would have been considered rayciss to challenge anything Obama wanted?
http://dailysignal.com/2017/10/27/democrats-have-done-a-180-on-corporate-taxes-heres-what-they-said-last-year/
Superfreak
Verified User
For tax reform:
1) Eliminate the corporate tax rate, it is highly regressive
2) Raise the cap gains tax to the same as ordinary income rates
3) Eliminate the carried interest loophole
4) Raise the standard deduction to $25-30k per adult
5) Eliminate mortgage interest rate deduction
The above would be a good start
1) Eliminate the corporate tax rate, it is highly regressive
2) Raise the cap gains tax to the same as ordinary income rates
3) Eliminate the carried interest loophole
4) Raise the standard deduction to $25-30k per adult
5) Eliminate mortgage interest rate deduction
The above would be a good start
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Superfreak
Verified User
1) He is proposing lowering the corp tax rate, not eliminating it
2) He is not proposing to raise the cap gains tax rate to the same as ordinary income
3) He is not proposing to eliminate the carried interest loophole
4) He is proposing a double of the standard deduction not as high an increase as I suggested, plus he is also proposing eliminating the personal deduction (which effectively eliminates part of his raising of the standard deduction)
5) I don't know where he stands on the mortgage interest rate deduction.
So essentially all five of my suggestions we differ, at least to a degree.
Ya Cruz debunked your Sanders talking points in the debate fucktard.
The idea of looking at a single year for the estate tax does not adequately portray the impact of the tax since it is only on deceased individuals. Between 1995-2016 a total of 102,000 closely held businesses (sole proprietorships, partnerships, S-Corps, and closely held C-Corps) and 36,000 farms paid the estate tax.
https://www.cruz.senate.gov/?p=press_release&id=3433
Kill yourself trust fund commie!
The presented graphs were not opinion they were hard numbers dipshit.
Present numbers which contradict mine that show that unequivocally that tax cuts do not decrease tax revenue:
Until then kill yourself fucktard.