revkevsdi Posted February 3, 2019 Share Posted February 3, 2019 https://www.marketwatch.com/story/its-official-the-trump-tax-cuts-were-a-bust-2019-01-30. Some 84% of these economists reported that in the year since their passage, the tax cuts “have not caused their firms to change hiring or investment plans.” So where is all that money going? Where else? Share buybacks, which hit a record $1.1 trillion in 2018. Companies actually spent more on buybacks than on capital investments in 2018’s first half, and remember, capex weakened as the year went on. Buybacks shrink the number of shares, boosting earnings per share and eventually, the stock price. That helps all shareholders, of course, but especially corporate executives, more than half of whose total compensation is in stock. nd what happened to all the trillions of dollars the president promised corporations would bring back to the U.S.A. from overseas? That, too, has turned out to be a bust — the amount dropped 50% in the third quarter after starting out strong in the first half of 2018. See a pattern here? As economists projected, the tax cuts did boost GDP a bit: When 2018’s final numbers are in, GDP probably will have grown 2.9-3%. That’s a nice jump from 2.2% in 2017 and the anemic 1.5% in 2016, the year Trump was elected. But it will be virtually identical with the 2.9% GDP growth recorded in 2015, the highest of the Obama years. Since economists expect U.S. GDP growth to slow to the mid-2% level this year — and some are even predicting a recession — that may turn out to be the peak of the Trump years, too. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted February 3, 2019 Author Share Posted February 3, 2019 Evidently the tax cut added 242 billion to your deficit. That’s 1/4 of the deficit. With reduced troop presence in the me. Your deficit should be dropping not increasing. According to the link below. Families earning 50-75 grand per year save 1.6% on their taxes. Families making over a million save 3.3 %. The President who promised to fight for the little guy gave double the percentage to his rich buddies. https://www.npr.org/2017/12/19/571754894/charts-see-how-much-of-gop-tax-cuts-will-go-to-the-middle-class Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted February 3, 2019 Platinum Contributing Member Share Posted February 3, 2019 So it was all those companies gobbling up their stocks that drove prices down? Quote Link to comment Share on other sites More sharing options...
Whiskey Tango Foxtrot Posted February 3, 2019 Share Posted February 3, 2019 I talked to my accountant yesterday. I got mine. Quote Link to comment Share on other sites More sharing options...
racer254 Posted February 3, 2019 Share Posted February 3, 2019 How many times are you tax lovers going to fall for this shit? This has been posted and reposted multiple times and it's a different dem-bot every time and it gets factually proven incorrect every time it is posted FFS get some new material. Quote Link to comment Share on other sites More sharing options...
Momorider Posted February 3, 2019 Share Posted February 3, 2019 1 minute ago, racer254 said: How many times are you tax lovers going to fall for this shit? This has been posted and reposted multiple times and it's a different dem-bot every time and it gets factually proven incorrect every time it is posted FFS get some new material. BarbieHandsAIDsPatient isn't an American has zero involvement in any of it other than his stupidity Quote Link to comment Share on other sites More sharing options...
Anler Posted February 3, 2019 Share Posted February 3, 2019 5 minutes ago, Momorider said: BarbieHandsAIDsPatient isn't an American has zero involvement in any of it other than his stupidity Neither are you fuckface Magoo! 2 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted February 3, 2019 Share Posted February 3, 2019 What I predicted. Quote Link to comment Share on other sites More sharing options...
xtralettucetomatoe580 Posted February 3, 2019 Share Posted February 3, 2019 1 hour ago, Momorider said: BarbieHandsAIDsPatient isn't an American has zero involvement in any of it other than his stupidity Derp derp derp says momo the Nook. Quote Link to comment Share on other sites More sharing options...
Momorider Posted February 4, 2019 Share Posted February 4, 2019 8 hours ago, Anler said: Neither are you fuckface Magoo! 7 hours ago, xtralettucetomatoe580 said: Derp derp derp says momo the Nook. More Quote Link to comment Share on other sites More sharing options...
xtralettucetomatoe580 Posted February 4, 2019 Share Posted February 4, 2019 12 minutes ago, Momorider said: More Poor Shmegmo.. Quote Link to comment Share on other sites More sharing options...
Momorider Posted February 4, 2019 Share Posted February 4, 2019 1 minute ago, xtralettucetomatoe580 said: Poor Shmegmo.. And even more Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted February 4, 2019 Author Share Posted February 4, 2019 10 hours ago, steve from amherst said: So it was all those companies gobbling up their stocks that drove prices down? Can you read? More important than that. Can you comprehend? Your take away says no. Trump campaigned on helping the middle class but gave them a tax cut that didn't create jobs and gave double the percentage break to the rich. It's the reverse of progressive taxes. Families earning 50-75 grand per year save 1.6% on their taxes. Families making over a million save 3.3 %. Quote Link to comment Share on other sites More sharing options...
Momorider Posted February 4, 2019 Share Posted February 4, 2019 1 hour ago, revkevsdi said: Can you read? More important than that. Can you comprehend? Your take away says no. Trump campaigned on helping the middle class but gave them a tax cut that didn't create jobs and gave double the percentage break to the rich. It's the reverse of progressive taxes. Families earning 50-75 grand per year save 1.6% on their taxes. Families making over a million save 3.3 %. and all the sodomite posts Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted February 4, 2019 Platinum Contributing Member Share Posted February 4, 2019 1 hour ago, revkevsdi said: Can you read? More important than that. Can you comprehend? Your take away says no. Trump campaigned on helping the middle class but gave them a tax cut that didn't create jobs and gave double the percentage break to the rich. It's the reverse of progressive taxes. Families earning 50-75 grand per year save 1.6% on their taxes. Families making over a million save 3.3 %. big fucking deal. I got a tx break. Someone who was getting fucked worse then me got a little better break. Oh the horror Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member ViperGTS/Z1 Posted February 4, 2019 Platinum Contributing Member Share Posted February 4, 2019 Looks like middle class did among the best with the tax breaks25% to 22% and 28% to 24%... upper middle class not so much 33% to 32% and 35% to 35%.....they and upper class already pay their fair share IMO .... ..but not according to AOC I guess. Trumps plan benefited nearly everyone. I know I received a huge weekly break. Thank you Mr. Prez Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted February 4, 2019 Platinum Contributing Member Share Posted February 4, 2019 18 hours ago, Mainecat said: What I predicted. That the thread is filled with Russian bots? OR, that you actually did fill your diaper by 9am like clockwork? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted February 4, 2019 Platinum Contributing Member Share Posted February 4, 2019 (edited) 10 minutes ago, Skidooski said: That the thread is filled with Russian bots? OR, that you actually did fill your diaper by 9am like clockwork? Speaking of a repetitive moron........ Edited February 4, 2019 by SnowRider Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted February 4, 2019 Platinum Contributing Member Share Posted February 4, 2019 (edited) 3 minutes ago, SnowRider said: Speaking od a repetitive moron........ You're stuck on stupid still I see It's "of" and you even edited it at least once already lolz Edited February 4, 2019 by Skidooski Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted February 4, 2019 Platinum Contributing Member Share Posted February 4, 2019 5 minutes ago, Skidooski said: You're stuck on stupid still I see It's "of" and you even edited it at least once already lolz You bitch and moan.....then troll MC daily with the same stupidity. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted February 4, 2019 Platinum Contributing Member Share Posted February 4, 2019 DerpRider Quote Link to comment Share on other sites More sharing options...
Edmo Posted February 4, 2019 Share Posted February 4, 2019 7 hours ago, steve from amherst said: big fucking deal. I got a tx break. Someone who was getting fucked worse then me got a little better break. Oh the horror You’re supposed to hate the rich bro. Get with the program!!!!!111 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted February 4, 2019 Platinum Contributing Member Share Posted February 4, 2019 27 minutes ago, Edmo said: You’re supposed to hate the rich bro. Get with the program!!!!!111 Yeah that is the mantra but let's be honest here and admit the rich are different from the rest of us and I'm not going to "hate" them but you sure as fuck won't catch me defending them. Quote Link to comment Share on other sites More sharing options...
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