Kamala's new policy AD: Opportunity Economy

[txdot-guy]

Originally Posted by The_Waco_Kid

this has been posted in this forum at least 6 times by various posters ...

IRS data proves Trump tax cuts benefited middle, working-class Americans most

https://www.yahoo.com/news/irs-data-...ycsrp_catchall





since 2017 corp tax revenue has gone up.

I’m trying to get back on topic which is.

Kamala's new policy AD: Opportunity Economy

If you want to debate Tax policy feel free to open a new thread and I’ll be happy to post there.

[The_Waco_Kid]

Originally Posted by txdot-guy

I’m trying to get back on topic which is.

Kamala's new policy AD: Opportunity Economy

If you want to debate Tax policy feel free to open a new thread and I’ll be happy to post there.

then why did you post this? and it's not tax policy the chart is revenue and shows after 2017 the naysayers claiming corp revenue would plummet were wrong.


it went up.

Originally Posted by txdot-guy

I’m so sick of this crap. Republicans had the opportunity to do some serious legislating when Trump was in office. What did we get, Tax breaks for rich folk and Giant corporations. The repeal of Roe v Wade. Separation of families at the border. A disastrous pandemic rollout. Disfunction in congress. The attempted repeal of the ACA. I could go on. And when it was finally done and we voted out the orange haired clown an attempted coup.

Everything that’s happened since is a direct consequence of Trump and Mitch McConnell’s win at all costs attitude and the complete disregard of the majority of the American people.

You don’t like Biden or Harris, then maybe you should not have placed such a narcissistic asshole at the top of your party!

[txdot-guy]

Originally Posted by The_Waco_Kid

then why did you post this? and it's not tax policy the chart is revenue and shows after 2017 the naysayers claiming corp revenue would plummet were wrong.


it went up.

You are being deliberately obtuse. First of all Revenue and taxes are two sides of the same budgetary coin and you know it. Secondly my post was about more than the tcja. I mentioned it because I would like to discuss the absurdity that is republican tax policy. Just not here in this thread.

Why don’t we get back on topic. Please explain to me why you think that Kamala Harris’s economic policies are Communist or socialist policies.

[SpeedRacerXXX]

Originally Posted by The_Waco_Kid

then why did you post this? and it's not tax policy the chart is revenue and shows after 2017 the naysayers claiming corp revenue would plummet were wrong.


it went up.

Why would corporate revenue go down under Trump's 2017 tax plan? Who said they would go down?

What was said was tax revenue from corporations would decrease significantly but the hope was that corporations would reinvest their additional profits into building more infrastructure to produce more product which would require more workers. Did not happen to the extent that Trump expected.

"The corporate tax cuts included in the 2017 Tax Cuts and Jobs Act helped boost business investment while delivering a small increase in worker pay, according to a new analysis published by the Bureau of Economic Research. The tax cuts did not, however, come anywhere close to paying for themselves, as their Republican proponents in Congress and the Trump administration insisted they would, and instead are costing the federal government more than $100 billion per year in lost revenues."

https://finance.yahoo.com/news/trump...mic%20Research.

[biomed1]

To Return to the Original Topic . . .

#6 - Respect the topics presented by those who start a thread. Attempts to derail a thread or change it's direction is referred to as thread hijack and will be discouraged. Attempts to guide a thread in the right direction are appreciated, while responses to posts which hijack a thread are not.

[adav8s28]

Originally Posted by Unique_Carpenter

I actually lost another keyboard spilling a whiskey.

Opportunity Economy??
We already have that.
Also known as capitalism.
Work your butt off and take the rewards.

Is she going to change the definition so it includes govt subsidized economy?? Does this mean more handouts??
Whose going to pay for all of that??

That will be a total fail as socialism always does.

Harris wants to give $25,000 to first time home buyers to help with closing costs. Bank of America gives $10,000 to first time home buyers to help with closing costs. Is Bank of America socialists?

[adav8s28]

Originally Posted by Unique_Carpenter

Whose going to pay for all of that??

Everyone that is employed and gets paid by W2. With W2 the taxes have already been taken out (even if you claim a high number of exemptions).

If you get paid with a 1099 taxes are not automatically taken out. If you use a CPA to do your tax return you may not have pay any taxes at all, depending on your situation.

[Unique_Carpenter]

Originally Posted by adav8s28

Harris wants to give $25,000 to first time home buyers to help with closing costs. Bank of America gives $10,000 to first time home buyers to help with closing costs. Is Bank of America socialists?

Bank of America will recover the 10K through their loan interest.
Pure capitalist move to obtain a lifetime customer.
Kamala will have taxpayers fund the 25K.
Not similar at all.

Originally Posted by adav8s28

Everyone that is employed and gets paid by W2. With W2 the taxes have already been taken out (even if you claim a high number of exemptions).
If you get paid with a 1099 taxes are not automatically taken out. If you use a CPA to do your tax return you may not have pay any taxes at all, depending on your situation.

So you agree that taxpayers will pay for Kammy's giveaways to buy future votes.

[Unique_Carpenter]

OMG, Waco is within OP's original topic.

[adav8s28]

Originally Posted by Unique_Carpenter

Bank of America will recover the 10K through their loan interest.
Pure capitalist move to obtain a lifetime customer.
Kamala will have taxpayers fund the 25K.
Not similar at all.


So you agree that taxpayers will pay for Kammy's giveaways to buy future votes.

The same argument can be made for the Federal Government. Let's say that the government gives $25,000 to a first time home buyer that uses a Wells Fargo bank to get the mortgage. Wells Fargo does not have a program to help with closing costs. Because of Harris's program for first time home buyers Wells Fargo will make money on the loan interest of a customer they would not have had without the Harris Program. This increase in revenue gets paid back to the government in the form of corporate taxis which is now 20% due to the Trump Tax cut for Corporations.

The above scenario is similar to Bank of America example. The Federal Government is getting the money back due to the increased profits of Wells Fargo that is taxable income.

When Elon Musk started Tesla to make electric cars, he got loan interest loans from the state of Calif, that was paid for by Calif state tax payers.

[Unique_Carpenter]

That's not dollar for dollar

[DEAR_JOHN]

blah blah blah, same old democrap crying point. I'm not rich but retired on fixed income, however I did what I could to compare one years 1040 and another 1040 the first year after trump put in the tax cut. My actual difference was I would pay around $1500 less after the tax cut.

[adav8s28]

Originally Posted by Unique_Carpenter

That's not dollar for dollar

The program where Bank of America gives $10,000 to qualified first time home buyers to help with closing costs is not "dollar for dollar" either. The buyer can refinance the mortgage with another bank after 30 days. In this scenario BOA does not recoup their money with 15 years of mortgage payments where the interest is paid off before the principal.

The state of Texas has down payment assistance program of $8,000 for first time home buyers. Who is paying for that? Texas does not have a State Income Tax.

The bottom line is if BOA and the State of Texas down payment assistance programs are not socialist, then neither is the down payment assistance program that Harris proposes.

[adav8s28]

Originally Posted by DEAR_JOHN

blah blah blah, same old democrap crying point. I'm not rich but retired on fixed income, however I did what I could to compare one years 1040 and another 1040 the first year after trump put in the tax cut. My actual difference was I would pay around $1500 less after the tax cut.

Not sure who you are referring to. I am not retired and my income is not fixed.

[DEAR_JOHN]

Originally Posted by adav8s28

Not sure who you are referring to. I am not retired and my income is not fixed.

Usually when I post to a person, I quote them. I was quoting about me in my post.