Trump says his tax cut plan won't really benefit the wealthy. It slashes corporate tax rates/eliminates estate taxes. Oh c'mon! Seriously?
How many of you poor people/average medium typical ordinary people out there need your corporate tax rates slashed and your estate taxes eliminated? If you do then you ain't poor or mediumly wealthy. You are obscenely wealthy.Didja know?
It depends on what "the wealthy" have to do to take advantage of those tax cuts. For example, if "they" get a $1.00 or more back for every $1.00 they create in US payrolls then it's great. If they get that money back for putting US citizens out of work by shipping jobs overseas, then not so much.
If you knew anything about how the world really works, you'd know the truly wealthy want high taxes. They evade and avoid tax and it suppresses their competition enabling them to maintain a strangle hold on the market.
Corporations employ everyone and even the poor have pension funds that own stock. A tax on corporations is a tax on everyone. Everyone is directly or indirectly invested.
This post was edited by Zeitgeist at October 1, 2017 12:11 PM MDT
What people miss is how difficult it is to put money into a business that the govt takes as taxes. Most people are unaware of the number and scope of taxes the govt imposes on businesses.
A cut for business is a help to total employment. What we've heard about big execs padding their lifestyles with company funds is the exception, casting a poor light on the vast majority of entrepenuers who are pressed under the burden of the current tax system.
It is a common practice of politicians to demonize the rich, but the rich are not the enemy. They are Americans too, and they will still pay higher tax rates with any plan.
This post was edited by Don Barzini at September 29, 2017 5:49 AM MDT
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