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Thread: Americans Expect Biggest Pay Jump in Years

  1. #71
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    Re: Americans Expect Biggest Pay Jump in Years

    Quote Originally Posted by j-mac View Post
    No, of course not....I remember in the 80's this type of response was the normal too...Reagan's tax cuts resulted in month after month, quarter after quarter or good economic news, and liberals at the time diminished it, ignored it, even said that what was being reported was a lie.....History repeats.


    You went through the eighties in blissful ignorance. During Reagan’s eight fiscal years, deficits went up faster than revenue. That’s not a good economy. Expense going up faster than income is bad, IMO. The debt nearly tripled, going up 291%. Unemployment went from 7% to 6.5%. Unemployment at 6.5% is not very good. And, yes, history will repeat itself. The run-ups in debt during the Reagan and Bush2 years of tax breaks for the rich and corps while the rest of the public fed on crumbs is being repeated by Trump and the Republicans. Under Clinton and Obama, revenue went up faster than deficits, which went down, and unemployment was better. Consider your claim of good economic results refuted. Or are you just saying it was the ignorant news that was good?

  2. #72
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    Re: Americans Expect Biggest Pay Jump in Years

    Quote Originally Posted by gdgyva View Post
    so, if a company makes a profit in year 10 of their business operations after losing money the first 9....they should just forget the first 9 years, and pay just off the profits of year 10 according to you
    Companies can write off their losses each year. Are you allowed to extend your losses out over the years? Trump even wants to take away your ability to write off mortgage costs, or property taxes.

    take Elon Musk and his electric cars....eventually they may make a profit....and it WILL be good for everyone, but the losses are deep at the beginning....
    Surely you are not suggesting Musk loses money each year? What of a company like GE that has not paid taxes in years? Do you think they lose money each year?


    do you understand how your concept would devastate the current business model? why would businesses take the risks if they couldnt write them off eventually?
    They can write them off each year as it is. Do you understand how the system would be more honest if they did so?

    But tell me, if a company loses money for 9 straight years should they even be in business? Could you keep your home if you had a negative income for 9 years?
    N’être pas republicain à vingt ans est preuve d’un manque de coeur; l’être après trente ans est preuve d’un manque de tête
    Not to be a republican at twenty is proof of want of heart; to be one at thirty is proof of want of head. F. Guizot (1787-1874)

  3. #73
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    Re: Americans Expect Biggest Pay Jump in Years

    Quote Originally Posted by gdgyva View Post
    most paying zero?

    citation please

    because as a shareholder of a LOT of s&p 500 companies, i cant think of one that pays zero taxes...not one

    now a couple paid zero a few years back when their losses mounted, and they used those loss carry forwards into future years

    but cite me something showing where even 10-15% pay zero tax now or even in last couple of years....i will wait
    I work for one of the largest and most successful accounting firms in the world, every day I see the tax returns of the wealthy, mega-wealthy, various Corporations and some famous individuals. A few that you yourself know of. Most of them do NOT pay taxes.
    Give a man a fish and he can eat for a day. Teach a man to fish and he can sit in a boat, drinking beer all day while you fool around with his Woman.

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