Trump Admin no longer forecasting 3% growth

[Tbird19482]

Why do you care? Do you know the difference between gross income and taxable income? Apparently not. How do you explain the drop in TAXABLE income from corporations? Think that pay raises, bonuses, health benefit and pension payments, dividends had any role in the taxable income?

keep showing how envious you are of what others make and pay in taxes and keep ignoring tax laws and how blue states with higher state and local taxes have been using those deductions to pay lower federal taxes that Red States cannot do

Why do I care????
well under Trumps " tax cut " my taxable income went up a LOT and I have to pay over 1/3 rd more in US income taxes for 2018 then I paid in 2017 when a lot more million / Billion dollar Corporations aren't going to pay a cent ( I pay sales taxes ( they get to deduct them I don't ) I pay gas tax ( they get to deduct them I don't) I pay property taxes and They get to deduct theirs I don't and there are other taxes we both pay that they get to deduct and I don't,
and where did I ever say Corporate Taxable income went up or down?
I have shown you that a family of 3 or over that took the standard deduction last year and are going to take it again this year will be having their Taxable income go up.
FACT is 42 % of all US Corporations that had a US profit of a million dollars or more did not pay any US income tax in 2017 , ( NO taxable income, and a lot of them got tax credits to carry over up to 5 years ) Under Trump tax cut the Corporate income tax rates went down so some of the ones that did pay income taxes in 2017 didn't have to pay any in 2018 and there are very few left that are paying any US income taxes
I guess it is you that should go back and take a tax class and maybe a accounting class
have a nice night

 

[Tbird19482]

Why do you care? Do you know the difference between gross income and taxable income? Apparently not. How do you explain the drop in TAXABLE income from corporations? Think that pay raises, bonuses, health benefit and pension payments, dividends had any role in the taxable income?

keep showing how envious you are of what others make and pay in taxes and keep ignoring tax laws and how blue states with higher state and local taxes have been using those deductions to pay lower federal taxes that Red States cannot do

here is an idea
make a law where we can not spend more then we take in , only exemptions would be a great recession/ depression or a war like WWII and have it have some teeth to it and not let Congress or the Present over spend what we take in.
then have a national sales tax strictly dedicated to only paying off the national debt
and when it is paid off under that same law it would expire and no way it could be extended for any reason.
YES I know the[poor will have to pay it but so would everybody else and have it where NOBODY could deduct it from any taxes NOT even a billion dollar corporation
we all got some benefit from running the debt up so we all should help pay it off
Have a nice night

 

[Born Free]

Where did I every say any such BS?

" So if you make money, that's a mortal sin against society. According to you no one should make money over a certain amount and anything over is given to the poor. "

and as to your question why do we have poor people
lack of education, discrimination and other things
I don't give a dang about where " Pelosi ' lives
I am talking about in the whole US.

Lack of education, discrimination and other thing, yet you can't educate the poor or the homeless so you leave them in the streets to piss and **** on the sidewalk and leave all their needles behind. And you have sanctuary cities where you hang signs "illegals are welcome" and you can't take care of your poor and homeless, and you want more illegals. But not when Trump says he going to start dumping illegals in your sanctuaries, you all go balistic, we don't want them here. ****ing hypocrites.

YOU like Conservative would rather tax everybody on every dollar they earn ( even if they don't make enough money to live on and are in poverty ) then tax large Corporations making millions and billions in uS profits

What are you talking about, we are the party of TAX CUTS, you are the party TAX THEM ALL.

 

[Conservative]

I guess " having a free ride is contagious on someone else's dollars" seeing that large Corporations get a tax cut and don't pay a cent in US income taxes are doing it.
I see you like the fact that large Corporations making millions and Billions in US profits don't pay even ONE cent of US income taxes and all that burden falls on the people mostly on the hard working middle class who do pay Income taxes.
Heck you are so far right you want anybody that even earns one dollar pay income tax on it and let large Corporations pay nothing
Yes tax the heck out of the person who works and let large Corporations making million and Billions in US profits ( even if they get the benefits of those income taxes ) not pay a cent
YES rob the poor and give to the rich
typical right winger
Have a nice evening

So you believe corporations have a free ride? No employees, no regulations, no state and local taxes, no property taxes. maybe age has gotten to you

 

[Conservative]

Why do I care????
well under Trumps " tax cut " my taxable income went up a LOT and I have to pay over 1/3 rd more in US income taxes for 2018 then I paid in 2017 when a lot more million / Billion dollar Corporations aren't going to pay a cent ( I pay sales taxes ( they get to deduct them I don't ) I pay gas tax ( they get to deduct them I don't) I pay property taxes and They get to deduct theirs I don't and there are other taxes we both pay that they get to deduct and I don't,
and where did I ever say Corporate Taxable income went up or down?
I have shown you that a family of 3 or over that took the standard deduction last year and are going to take it again this year will be having their Taxable income go up.
FACT is 42 % of all US Corporations that had a US profit of a million dollars or more did not pay any US income tax in 2017 , ( NO taxable income, and a lot of them got tax credits to carry over up to 5 years ) Under Trump tax cut the Corporate income tax rates went down so some of the ones that did pay income taxes in 2017 didn't have to pay any in 2018 and there are very few left that are paying any US income taxes
I guess it is you that should go back and take a tax class and maybe a accounting class
have a nice night

Your taxable income? So you made more and are paying more in taxes? If you made the same as last year you paid less federal income taxes if you are claiming you are paying more YOU ARE A LIAR, have a good day

 

[Conservative]

here is an idea
make a law where we can not spend more then we take in , only exemptions would be a great recession/ depression or a war like WWII and have it have some teeth to it and not let Congress or the Present over spend what we take in.
then have a national sales tax strictly dedicated to only paying off the national debt
and when it is paid off under that same law it would expire and no way it could be extended for any reason.
YES I know the[poor will have to pay it but so would everybody else and have it where NOBODY could deduct it from any taxes NOT even a billion dollar corporation
we all got some benefit from running the debt up so we all should help pay it off
Have a nice night

Which Democratic Candidate running for President has proposed less spending thus lower deficits and debt/ You are one very poorly informed and educated poster. You seem to have a problem between gross and net income as well as what is deductible from your federal taxes, state and local taxes capped. thank you for finally paying your fair share

 

[James972]

here is an idea
make a law where we can not spend more then we take in ,

Republicans tried 30 times since Jefferson's first effort. Democrats killed every effort because they depend on welfare spending to buy votes!

 

[Tbird19482]

Lack of education, discrimination and other thing, yet you can't educate the poor or the homeless so you leave them in the streets to piss and **** on the sidewalk and leave all their needles behind. And you have sanctuary cities where you hang signs "illegals are welcome" and you can't take care of your poor and homeless, and you want more illegals. But not when Trump says he going to start dumping illegals in your sanctuaries, you all go balistic, we don't want them here. ****ing hypocrites.



What are you talking about, we are the party of TAX CUTS, you are the party TAX THEM ALL.

What is this?
You can't educate the poor, ( you might not be able to educate the Homeless) but you can educate the pooru
for the last 2 year the Republicans have had complete control of our Federal government and tell me just what did they do?
OH yes they cut taxes,
For WHO?
the large corporations and the rich
anybody that took the standard deduction n 2017 and had a family of three or more saw their Taxable income increase by 895 dollars a family of five that took the standard deduction in 2017 saw their Taxable income go up 8950 dollars
Fact is in 2017 the STANDARD DEDUCTION was 12700 and a family of five use to get personal exemptions of 4050 per person( yes they use to get personal exemptions of 4050 per person that they do NOT get any more for a total of 32950 deductions in 2017 and in 2018 all they get is a standard deduction of 24000, I don't know if you have a high enough education but their taxable income increased by 8950 and the lowest tax rate has been 10% for years , so IF they can deduct the standard deduction of 24000 dollars anything over that is more then they would have paid before Trumps tax cut,
like I said in 2017 they could deduct 32950 and in 2018 all they could take was 24000 and they would have to pay 10% on anything over 24000
so any family of three or more that took the standard deduction in 2017 saw an increase in their taxable income and if they didn't qualify for a tax rate decrease ( and many didn't ) they are paying MORE in income taxes
FACT is 42% of all Large Corporations paid NO income tax in 2017 ( NOT A CENT and many of them got tax credits that they can carry over for 5 years, and most of them were making over a Million dollars a year in US Profits, some of them like GE and Amazon making many billions in US profits.)
YES I understand they pay excise taxes, sales taxes, gas taxes and others but so do the poor , they pay gas taxes on the gas they buy , they pay sales taxes and other taxes BUY Corporations get to deduct those taxes from their income taxes and the POOR don't .

The FACT is any person that pays over ONE cent in US income taxes pays MORE in US income taxes then 42% of all Corporations making a million or more in US Profits some of them like GE and Amazon making a Billion ( or several Billions ) or more in US Profits and according to the GAO that percent is going to go up to 65% or more in 2018.
So why are people like me who are retired ( a retirement I paid into ) and on SS have to pay the same excise tax, gas tax , property tax, and any other tax we have to pay and the same taxes these Corporations have to pay and get to deduct , I don't get to deduct them from my income taxes like those Billion dollar Corporations do why?
Until it becomes where what ever the large Corporations get to deduct is the same as what the average hard working person can deduct it will not be fair and what we should do is every deduction a Corporation can take a hard working tax payer should be able to get, sails tax, excise tax, gas tax and others or eleminate them and put on a MIN Income Tax for all large corporation, some thing like 10% so large Corporations like Amazon/ GE and others would have to at least pay something for what they usetthat these taxes pay for.
Have a nice night

 

[ataraxia]

Republicans tried 30 times since Jefferson's first effort. Democrats killed every effort because they depend on welfare spending to buy votes!

OK. So why don't we start with cutting the welfare spending for these Trump supporters first? They can lead the way, and when they show us how great it is never to need any help and how they always are able to pull themselves up by the bootstraps, they can be our model for the rest of the country. These proud, independent, patriotic Trump supporters can put their money where their mouth is and lead the way!

 

[Born Free]

What is this?
You can't educate the poor, ( you might not be able to educate the Homeless) but you can educate the pooru
for the last 2 year the Republicans have had complete control of our Federal government and tell me just what did they do?
OH yes they cut taxes,
For WHO?
the large corporations and the rich
anybody that took the standard deduction n 2017 and had a family of three or more saw their Taxable income increase by 895 dollars a family of five that took the standard deduction in 2017 saw their Taxable income go up 8950 dollars
Fact is in 2017 the STANDARD DEDUCTION was 12700 and a family of five use to get personal exemptions of 4050 per person( yes they use to get personal exemptions of 4050 per person that they do NOT get any more for a total of 32950 deductions in 2017 and in 2018 all they get is a standard deduction of 24000, I don't know if you have a high enough education but their taxable income increased by 8950 and the lowest tax rate has been 10% for years , so IF they can deduct the standard deduction of 24000 dollars anything over that is more then they would have paid before Trumps tax cut,
like I said in 2017 they could deduct 32950 and in 2018 all they could take was 24000 and they would have to pay 10% on anything over 24000
so any family of three or more that took the standard deduction in 2017 saw an increase in their taxable income and if they didn't qualify for a tax rate decrease ( and many didn't ) they are paying MORE in income taxes
FACT is 42% of all Large Corporations paid NO income tax in 2017 ( NOT A CENT and many of them got tax credits that they can carry over for 5 years, and most of them were making over a Million dollars a year in US Profits, some of them like GE and Amazon making many billions in US profits.)
YES I understand they pay excise taxes, sales taxes, gas taxes and others but so do the poor , they pay gas taxes on the gas they buy , they pay sales taxes and other taxes BUY Corporations get to deduct those taxes from their income taxes and the POOR don't .

The FACT is any person that pays over ONE cent in US income taxes pays MORE in US income taxes then 42% of all Corporations making a million or more in US Profits some of them like GE and Amazon making a Billion ( or several Billions ) or more in US Profits and according to the GAO that percent is going to go up to 65% or more in 2018.
So why are people like me who are retired ( a retirement I paid into ) and on SS have to pay the same excise tax, gas tax , property tax, and any other tax we have to pay and the same taxes these Corporations have to pay and get to deduct , I don't get to deduct them from my income taxes like those Billion dollar Corporations do why?
Until it becomes where what ever the large Corporations get to deduct is the same as what the average hard working person can deduct it will not be fair and what we should do is every deduction a Corporation can take a hard working tax payer should be able to get, sails tax, excise tax, gas tax and others or eleminate them and put on a MIN Income Tax for all large corporation, some thing like 10% so large Corporations like Amazon/ GE and others would have to at least pay something for what they usetthat these taxes pay for.
Have a nice night

Your so out of it. Corporations, LLC's, small businesses etc are all held by the same rules. They have cost and income. Iif their income if more than their cost they pay taxes on the income over cost. If they have cost that is over their income they have a loss. Large corporations invest billions in expanding etc. and that cost is deductible and if that deduction is not used up in the year it was taking it moves forward.

The fact is many companies continually outlay in expanding their business thus they are growing larger and larger but the cost outrun their profit. Amazon has invested billions in expansion it makes none to very little in profit. During this constant growth of expansion they hire thousand and thousand of employees. That is a good thing, so while Amazon is continually expanding by the billions it keeps expanding their workforce.

Amazon now employes 613,300 employees, who pay taxes. There are many corporations that give a dividend to its stockholders, and as you know the profit that a corporation made that year is taxed at the corporate level and then when the stockholder receives the dividend it's taxed again at the personal level. So in that case the money is double taxed, first at the corporate level then again at the personal level

Analysts Wrong About Amazon Profit - Business Insider

The Amazon Era: No Profits, No Problem

Hey Look, Amazon Actually Turned a Profit | WIRED

 

[Tbird19482]

Which Democratic Candidate running for President has proposed less spending thus lower deficits and debt/ You are one very poorly informed and educated poster. You seem to have a problem between gross and net income as well as what is deductible from your federal taxes, state and local taxes capped. thank you for finally paying your fair share

First of all I will ask you the same question?
what Republican candidate has run on spending less and reducing the debt? ( and kept that campaign promise )
TRUMP? well we all see he lied about that, I guess you want to hold any Dem to their campaign promises but not Trump and the Republicans.
The Republicans had control of the entire Government for the last two years and they did NOT reduce spending and have run up the debt in Trumps first fiscal year he ran the debt up 1,362,048,367,492.73 Trillion dollars ( More then Obama's 2nd fiscal year / 4th fiscal year/ 5th fiscal year/over 4 times Obama's 6th fiscal year/ and more then Obama's 8th fiscal year , Trumps first fiscal year ran the debt UP more then Obama did in 5 out of the 8 fiscal years and you can add Obama's 4th fiscal with his 6th fiscal year and that total is still LOWER then Trumps first fiscal year, you can also add Obama's 6th fiscal year and his 8th fiscal year and they do NOT add up to as much as Trump put on the debt in his first fiscal year,)
and in the Fiscal year Trump has already run it up 420,199,993,557.23 and IF it wasn't for the shut down it would have been a lot higher.
So again you see it doesn't matter what a candidate promises but what they do when in office
and Trump ran on cutting spending and the debt and has run it up MORE then Obama did in 5 out of the 8 years he was in office
and all these facts come from the US Treasury dept. website.
Oh I am sure I know what is gross income and net income, I have gone to school for taxes and at one time worked for a very large income tax preparer
it seems to be that you do not know the differance
Have a nice day

 

[Conservative]

First of all I will ask you the same question?
what Republican candidate has run on spending less and reducing the debt? ( and kept that campaign promise )
TRUMP? well we all see he lied about that, I guess you want to hold any Dem to their campaign promises but not Trump and the Republicans.
The Republicans had control of the entire Government for the last two years and they did NOT reduce spending and have run up the debt in Trumps first fiscal year he ran the debt up 1,362,048,367,492.73 Trillion dollars ( More then Obama's 2nd fiscal year / 4th fiscal year/ 5th fiscal year/over 4 times Obama's 6th fiscal year/ and more then Obama's 8th fiscal year , Trumps first fiscal year ran the debt UP more then Obama did in 5 out of the 8 fiscal years and you can add Obama's 4th fiscal with his 6th fiscal year and that total is still LOWER then Trumps first fiscal year, you can also add Obama's 6th fiscal year and his 8th fiscal year and they do NOT add up to as much as Trump put on the debt in his first fiscal year,)
and in the Fiscal year Trump has already run it up 420,199,993,557.23 and IF it wasn't for the shut down it would have been a lot higher.
So again you see it doesn't matter what a candidate promises but what they do when in office
and Trump ran on cutting spending and the debt and has run it up MORE then Obama did in 5 out of the 8 years he was in office
and all these facts come from the US Treasury dept. website.
Oh I am sure I know what is gross income and net income, I have gone to school for taxes and at one time worked for a very large income tax preparer
it seems to be that you do not know the differance
Have a nice day

Waste of time, Trump's budget had spending cuts but as usual your partisanship is shown and you are very poorly informed

Doesn't appear that you have a clue on taxes as yours are lower this year but you are probably paying more because your deductions are lower as well since your blue state has higher state and local taxes and those taxes are now capped on your federal return.

Republicans had zero control over the 4 interest rate hikes in 2018 which impacted the debt service and no impact on the entitlement spending increases as it takes 60 votes in the Senate to pass anything or to approve what the House passes. Your civics understanding is typical of someone who always blames Republicans and ignores the failures of Democrats

 

[Tbird19482]

Your so out of it. Corporations, LLC's, small businesses etc are all held by the same rules. They have cost and income. Iif their income if more than their cost they pay taxes on the income over cost. If they have cost that is over their income they have a loss. Large corporations invest billions in expanding etc. and that cost is deductible and if that deduction is not used up in the year it was taking it moves forward.

The fact is many companies continually outlay in expanding their business thus they are growing larger and larger but the cost outrun their profit. Amazon has invested billions in expansion it makes none to very little in profit. During this constant growth of expansion they hire thousand and thousand of employees. That is a good thing, so while Amazon is continually expanding by the billions it keeps expanding their workforce.

Amazon now employes 613,300 employees, who pay taxes. There are many corporations that give a dividend to its stockholders, and as you know the profit that a corporation made that year is taxed at the corporate level and then when the stockholder receives the dividend it's taxed again at the personal level. So in that case the money is double taxed, first at the corporate level then again at the personal level

Analysts Wrong About Amazon Profit - Business Insider

The Amazon Era: No Profits, No Problem

Hey Look, Amazon Actually Turned a Profit | WIRED

first of all they get to deduct cost of goods sold and every other tax they pay / excise taxes sales taxes / property taxes/ Gas tax / and many others
so why don't the hard working people get to deduct these taxes?
IF I have excess deductible expenses why can't I carry them over to the next year like Corporations do
Now as for your example Amazon can take deprecation on every building they buy or build and every peace of equipment they buy so in the end they use it and they get ot recover the cost of that property/ equipment.
People can't
and they have many many deductions and get carry overs on their deprecation and tax benefits.
They made BILLIONS in US profits last year and with these carry overs and everything else they not only did NOT pay one cent in US income taxes but got a tax credit they can carry over for the next 5 years till it is used up and in using that tax credit they may get more tax credits they can carry over
So they get to use the infrastructure these Income taxes pay for to make their Billions in US profits for free and the Hard working middle class has to pay the burden.
This is unfair to the hard working people that do have to pay income taxes so they can use that infrastructure for free.
YES like I said they do pay taxes and they get to deduct them so why is it fair that they can deduct them and an average hard working person can't?
Why do people like you and Conservative want people who work 40 plus hours a week some working 2 jobs and have a spouse working pay an Income tax on every dollar they make and let large Corporations use the infrastructure those taxes pay for for free?
according to the GAO there will be over 65% of all large Corporations not paying one cent in US income taxes under the Trump/ republican tax cut
again why should they get to use the infrastructure THOSE TAXES PAY FOR TO MAKE THEIR LARGE PROFITS for free?
I believe we should have a MIN. Income tax for these corporations say 10% and they could reduce the income tax rates on the few Corporations that still pay income taxes
this would be more fair for not only the Corporations that still pay income taxes but the hard working PEOPLE that pay them
and stimulate the economy even more, more corporations could hire more people and those people would also be paying income taxes
have a nice afternoon

 

[Tbird19482]

Waste of time, Trump's budget had spending cuts but as usual your partisanship is shown and you are very poorly informed

Doesn't appear that you have a clue on taxes as yours are lower this year but you are probably paying more because your deductions are lower as well since your blue state has higher state and local taxes and those taxes are now capped on your federal return.

Republicans had zero control over the 4 interest rate hikes in 2018 which impacted the debt service and no impact on the entitlement spending increases as it takes 60 votes in the Senate to pass anything or to approve what the House passes. Your civics understanding is typical of someone who always blames Republicans and ignores the failures of Democrats

can you show us where Trump cut spending?
here do some reading
Budget Deficits Are Only Getting Bigger Under Trump | Cato Institute
No, Tax Cuts Are Not Driving Deficits — It's The Spending, Stupid | Investor's Business Daily
What about the spending side? Even though Republicans control the White House and Congress, there's been no spending discipline in Washington. Almost every federal agency has seen its budget increase.

USA TODAY
Trump's big tax cuts and spending increases have substantially widened the deficit

there are a lot more articles like this
I guess you know all about what I pay in income taxes NOT!!
and for your info MY taxes went UP this year NOT down
So I guess you think the Dems have control of the 4 interest increases
They like the Republicans do not have any control over them never did it is the FED stupid

Then I must be like you, you Blame everything on the Dems and ignore the failures of the Republicans
have a nice day

 

[Tbird19482]

can you show us where Trump cut spending?
here do some reading
Budget Deficits Are Only Getting Bigger Under Trump | Cato Institute
No, Tax Cuts Are Not Driving Deficits — It's The Spending, Stupid | Investor's Business Daily
What about the spending side? Even though Republicans control the White House and Congress, there's been no spending discipline in Washington. Almost every federal agency has seen its budget increase.

USA TODAY
Trump's big tax cuts and spending increases have substantially widened the deficit

there are a lot more articles like this
I guess you know all about what I pay in income taxes NOT!!
and for your info MY taxes went UP this year NOT down
So I guess you think the Dems have control of the 4 interest increases
They like the Republicans do not have any control over them never did it is the FED stupid

Then I must be like you, you Blame everything on the Dems and ignore the failures of the Republicans
have a nice day

I may have asked you can you show us where Trump has cut spending over all
Have a nice afternoon

 

[Conservative]

can you show us where Trump cut spending?
here do some reading
Budget Deficits Are Only Getting Bigger Under Trump | Cato Institute
No, Tax Cuts Are Not Driving Deficits — It's The Spending, Stupid | Investor's Business Daily
What about the spending side? Even though Republicans control the White House and Congress, there's been no spending discipline in Washington. Almost every federal agency has seen its budget increase.

USA TODAY
Trump's big tax cuts and spending increases have substantially widened the deficit

there are a lot more articles like this
I guess you know all about what I pay in income taxes NOT!!
and for your info MY taxes went UP this year NOT down
So I guess you think the Dems have control of the 4 interest increases
They like the Republicans do not have any control over them never did it is the FED stupid

Then I must be like you, you Blame everything on the Dems and ignore the failures of the Republicans
have a nice day

FY 2017 Federal Budget Compared to Trump's Spending

Interesting information, 2018 will be out later this year but you will find cuts in areas but again Congress appropriates the money not the President and Congress because of Democrats has not approved the Trump budget.

Reality however is none of your posts matter as people should be keeping more of what they earn because Congress will not cut spending thus more power to the people and less to the bureaucrats. thank you Trump for the economic results generated and back to the topic. notice the doubling of GDP dollars in 2018 over 2016 and the declining GDP dollars for three years in a row? Of course not because you are too partisan and too indoctrinated.

1. GDP Growth 2013 to 2018

2013 16784.9
2014 17521.7 736.8
2015 18129.3 607.6
2016 18707.2 577.9
2017 19485.4 778.2
2018 20494.1 1008.7

2016 GDP growth 1.6% vs 2.9% with those terrible tax cuts

Unemployment Rate 4.7% January 2017 vs. 3.8% today

Employed 152 million January 2017 to 157 million today

U-6 in January 2017 9.3% vs 7.3% today?

Part time for economic reasons, 5.7 million January 2017 vs. 4.4 million today?

African American unemployment 7.7% vs. 6.7% today?

Remember those wonderful Obama years leaving Trump with a 1.6% GDP growth, declining GDP dollars and let's not forget adding 9.3 trillion to the debt with much of that gov't spending in those GDP numbers

Then let's not forget the gloom and doom predictions by the left and predictions of a recession

U.S. employers added 196,000 jobs in March, beating Wall Street's expectations for an increase of 180,000, likely quelling some fears about an impending economic slowdown on the heels of a measly month for job creation.

 

[Born Free]

first of all they get to deduct cost of goods sold and every other tax they pay / excise taxes sales taxes / property taxes/ Gas tax / and many others

That is a cost to operating a business, no different than claiming employee expenses, purchasing trucks, in fact everything they buy for business use is deductible. The tax law allowing property taxes to be deducted may have changed for Businesses. The tax law now does not allow property taxes to be used as a deduction. The other taxes you mention are costs in operating the business. Gas Tax, a company can write off not only the gas tax but the total cost of a gallon of gas.

so why don't the hard working people get to deduct these taxes?

A business is a complete different animal than being an individual. If you wish to benefit from owning a business, I always say "go for it"

IF I have excess deductible expenses why can't I carry them over to the next year like Corporations do

You can no different than a company.

Now as for your example Amazon can take deprecation on every building they buy or build and every peace of equipment they buy so in the end they use it and they get ot recover the cost of that property/ equipment.

If you own a rental house, which is used for business you can deduct the cost of deprecation, cost of repairs. etc. If you have that rental house and you only get income to cover cost you pay no taxes you break even

People can't and they have many many deductions and get carry overs on their deprecation and tax benefits.

Yes you can if you, for example if you have a rental house.

They made BILLIONS in US profits last year and with these carry overs and everything else they not only did NOT pay one cent in US income taxes but got a tax credit they can carry over for the next 5 years till it is used up and in using that tax credit they may get more tax credits they can carry over

Your dead wong, I posted up three links and they clearly show as an example they made no Profit. And in the year they did was in the 70 million range. Your clam of BILLIONS in profits

This is unfair to the hard working people that do have to pay income taxes so they can use that infrastructure for free.

Is it fair for the government to tax a company on its profit, and then when that company produces a dividend to its shareholders it's taxed again.

YES like I said they do pay taxes and they get to deduct them so why is it fair that they can deduct them and an average hard working person can't?

They only pay taxes on the profit they make. 40% of Americans don't pay a dime in federal taxes. So their benefiting from all the infrastructure that they did not pay a dime for.

Why do people like you and Conservative want people who work 40 plus hours a week some working 2 jobs and have a spouse working pay an Income tax on every dollar they make and let large Corporations use the infrastructure those taxes pay for for free?

I Guess you could say why do we want people to work at all.

Then you say people are working two jobs to etc have to pay income taxes. They only pay taxes if they make a profit for the year and even then 40% don't pay a dime in taxes.

The IRS is very happy to wait for its share of taxes. Take Amazon at some point they will not be able to expand to the point to be spending more than they take in. And when that day comes, Amazon's profit will skyrocket as will their tax payment.

according to the GAO there will be over 65% of all large Corporations are not paying one cent in US income taxes under the Trump/ republican tax cut

Again that's great news, businesses are expanding and when they do they create jobs. Like Amazon has 613,300 employees. That is fantastic for the worker by keeping the unemployment rate low.

again why should they get to use the infrastructure THOSE TAXES PAY FOR TO MAKE THEIR LARGE PROFITS for free?

Companies Investing in expanding their business is a business expense. I've been over this already.

I believe we should have a MIN. Income tax for these corporations say 10% and they could reduce the income tax rates on the few Corporations that still pay income taxes

OK if a company has expenses of $2 million and revenue of $1.7 million, he is showing a $300 thousand loss. So which number do you use to tax a company a minimum of 10% of what. If you base your 10% tax on his cost then he would pay a $200 thousand tax, making his total lose at $500 thousand.

When you punish any company business by raising taxes, eliminating deductions, high interest rates etc slows or stop expanding all together. Corporations hire people when they are expanding, and I already pointed out how unemployment drops when companies are expanding.

 

[Tbird19482]

FY 2017 Federal Budget Compared to Trump's Spending

Interesting information, 2018 will be out later this year but you will find cuts in areas but again Congress appropriates the money not the President and Congress because of Democrats has not approved the Trump budget.

Reality however is none of your posts matter as people should be keeping more of what they earn because Congress will not cut spending thus more power to the people and less to the bureaucrats. thank you Trump for the economic results generated and back to the topic. notice the doubling of GDP dollars in 2018 over 2016 and the declining GDP dollars for three years in a row? Of course not because you are too partisan and too indoctrinated.

1. GDP Growth 2013 to 2018

2013 16784.9
2014 17521.7 736.8
2015 18129.3 607.6
2016 18707.2 577.9
2017 19485.4 778.2
2018 20494.1 1008.7

2016 GDP growth 1.6% vs 2.9% with those terrible tax cuts

Unemployment Rate 4.7% January 2017 vs. 3.8% today

Employed 152 million January 2017 to 157 million today

U-6 in January 2017 9.3% vs 7.3% today?

Part time for economic reasons, 5.7 million January 2017 vs. 4.4 million today?

African American unemployment 7.7% vs. 6.7% today?

Remember those wonderful Obama years leaving Trump with a 1.6% GDP growth, declining GDP dollars and let's not forget adding 9.3 trillion to the debt with much of that gov't spending in those GDP numbers

Then let's not forget the gloom and doom predictions by the left and predictions of a recession

U.S. employers added 196,000 jobs in March, beating Wall Street's expectations for an increase of 180,000, likely quelling some fears about an impending economic slowdown on the heels of a measly month for job creation.

you have told us over and over again that Trump has decreased spending and IF you had read your own post and the articles YOU posted you would have seen Trump signed CR's and increased spending more then Obama did in his last year in office
YOU apparently didn't even bother to read what you posted.
Go back and look at 2018 and 2019 spending and look back at 2017's spending.
Obama's LAST fiscal year he had increased the debt by 671.5 BILLION dollars and in Trumps first Fiscal year he increased the debt by over 1.3 Trillion dollars
so under a Republican controlled Congress how did he increase the debt by 1.3 Trillion dollars?
YES the Republicans had COMPLETE control of the US government in 2017 and 2018 and just what did they do? Give a massive tax cut to the rich and big business and put the tax load on the hard working middle class ( YES now instead of 42% of all large Corporations making OVER a Million dollars / some making BILLIONS of dollars in US profits NOT paying one cent in FIT it will be in the area of 65% and that is putting the major load on the Hard working middle class AND running the debt up even more ) so just what has he done?
Run up the debt MORE then Obama did in 5 out of the 8 years in office , I can't wait to see just how much it will be going up in Trumps 2nd Fiscal year ( even with the Government shutdown , where Trump had a surplus / what would it have been IF there wasn't a shutdown ? )
Trump and the Republican controlled Congress has run up the debt MORE then Obama did in 5 out of the 8 years he was in office in their FIRST fiscal year,)
and AGAIN I want to remind you that YOU can ADD Obama's 4th and 6th YEARS together and NOT add up to what TRUMP added to the debt in his FIRST fiscal year
OR that you can ADD Obama's 6th AND 8th Fiscal years TOGETHER and they would NOT add up to what Trump put on the debt in his First Fiscal year.
SO again I have to thank you for showing us YOU don't even read what YOU even post and now have shown us that against what YOU have said TRUMP HAS increased spending and it has been over the LAST 2 years when the Republicans had complete control over the US Government.
Again I will remind you the Dems did NOT take control of the House till this year
AGAIN THANKS for showing us YOU lie and do NOT read what you post
TRUMP has increased spending and has cut taxes and that is a good mixture for another Recession / depression just like the one Bush left for Obama
One more thing it is FACT that our economy does better when there is a DEM in the White House then when there is a Republican
Thanks again and have a nice night

 

[James972]

One more thing it is FACT that our economy does better when there is a DEM in the White House then when there is a Republican
Thanks again and have a nice night

Democrats are anti business socialist so thats hard to imagine.

 

[Tbird19482]

That is a cost to operating a business, no different than claiming employee expenses, purchasing trucks, in fact everything they buy for business use is deductible. The tax law allowing property taxes to be deducted may have changed for Businesses. The tax law now does not allow property taxes to be used as a deduction. The other taxes you mention are costs in operating the business. Gas Tax, a company can write off not only the gas tax but the total cost of a gallon of gas.



A business is a complete different animal than being an individual. If you wish to benefit from owning a business, I always say "go for it"



You can no different than a company.



If you own a rental house, which is used for business you can deduct the cost of deprecation, cost of repairs. etc. If you have that rental house and you only get income to cover cost you pay no taxes you break even



Yes you can if you, for example if you have a rental house.



Your dead wong, I posted up three links and they clearly show as an example they made no Profit. And in the year they did was in the 70 million range. Your clam of BILLIONS in profits



Is it fair for the government to tax a company on its profit, and then when that company produces a dividend to its shareholders it's taxed again.



They only pay taxes on the profit they make. 40% of Americans don't pay a dime in federal taxes. So their benefiting from all the infrastructure that they did not pay a dime for.



I Guess you could say why do we want people to work at all.

Then you say people are working two jobs to etc have to pay income taxes. They only pay taxes if they make a profit for the year and even then 40% don't pay a dime in taxes.

The IRS is very happy to wait for its share of taxes. Take Amazon at some point they will not be able to expand to the point to be spending more than they take in. And when that day comes, Amazon's profit will skyrocket as will their tax payment.



Again that's great news, businesses are expanding and when they do they create jobs. Like Amazon has 613,300 employees. That is fantastic for the worker by keeping the unemployment rate low.



Companies Investing in expanding their business is a business expense. I've been over this already.



OK if a company has expenses of $2 million and revenue of $1.7 million, he is showing a $300 thousand loss. So which number do you use to tax a company a minimum of 10% of what. If you base your 10% tax on his cost then he would pay a $200 thousand tax, making his total lose at $500 thousand.

When you punish any company business by raising taxes, eliminating deductions, high interest rates etc slows or stop expanding all together. Corporations hire people when they are expanding, and I already pointed out how unemployment drops when companies are expanding.

I believe you should go to College and learn tax law
I have and have worked for a large tax prep company. I have also built two companies that I started from the ground up and sold at a good profit ( and paid taxes on that profit )
Now I would like to educate you Property taxes for a Business are complexly deductible and so are every other tax and fee they pay
it all goes under cost of goods sold. where they can deduct all their property taxes and any other tax and fee they pay and under this new " Tax cut " an average person has what they can deduct under property taxes limited.
Any company can take deprecation on any thing they buy and use to make a profit.
Land , buildings , equipment and most anything else.
Having a rental house is just like a business . you can take off deprecation and all expenses that are incurred with that rental.
you say" you our dead wong, I posted up three links and they clearly show as an example they made no Profit. And in the year they did was in the 70 million range. Your clam of BILLIONS in profits
and you say these large Corporations that like GE and Amazon that had OVER several BILLION dollars in US Profits and did NOT pay one cent in US Income taxes did NOT have a profit

Here read this
Amazon and Netflix, should have paid a collective $16.4 billion in federal income taxes based on the Tax Cuts and Jobs Act's 21 percent corporate tax rate, according to the left-leaning Institute on Taxation and Economic Policy. Instead, these corporations received a net tax rebate of $4.3 billion. The analysis is based on the corporations' annual financial reports, which were filed earlier this year to report their 2018 results.
Yes we all can see YOU and Conservative would rather have people pay Income taxes on every dollar they earn ( even if they are well below the poverty level ) then have a large Corporation making millions if not BILLIONS in US profits pay even one cent in US income taxes
YES steal from the very poor , the poor , the middle class and give it to the super rich
Typical Conservative / Republican
have a nice night

 

[Tbird19482]

Democrats are anti business socialist so thats hard to imagine.

Where and how?

IT is a FACT that the economy does better when there is a Dem in the White House then when a Repuck is
Trump Is Right About One Thing: 'The Economy Does Better Under The Democrats'
Economists Agree: Democratic Presidents are Better at Making Us Rich. Eight Reasons Why. - Evonomics
Who do you trust more with the economy: Democrats or Republicans? | The Tylt
Why the economy performs better under Democratic presidents | Fortune
Giving the super rich and large Corporations tax cuts and putting the tax load basically on the hard working middle class is unfair
AND that is just what Trump and the Republicans did
when a large Corporation like Amazon or GE make BILLIONS in US Profits does NOT pay ONE CENT in US income taxes and gets to use the Infrastructure those taxes pay for to make their BILLIONS and the average middle class hard working American pays those taxes it is unfair
.
YES they do pay some taxes but they get to deduct them on their income taxes ( property tax/ excise tax / Gas, fuel tax/ and any other tax you can think of ) and MOST of those taxes they pay an average hard working American can't
Have a nice night

 

[Conservative]

you have told us over and over again that Trump has decreased spending and IF you had read your own post and the articles YOU posted you would have seen Trump signed CR's and increased spending more then Obama did in his last year in office
YOU apparently didn't even bother to read what you posted.
Go back and look at 2018 and 2019 spending and look back at 2017's spending.
Obama's LAST fiscal year he had increased the debt by 671.5 BILLION dollars and in Trumps first Fiscal year he increased the debt by over 1.3 Trillion dollars
so under a Republican controlled Congress how did he increase the debt by 1.3 Trillion dollars?
YES the Republicans had COMPLETE control of the US government in 2017 and 2018 and just what did they do? Give a massive tax cut to the rich and big business and put the tax load on the hard working middle class ( YES now instead of 42% of all large Corporations making OVER a Million dollars / some making BILLIONS of dollars in US profits NOT paying one cent in FIT it will be in the area of 65% and that is putting the major load on the Hard working middle class AND running the debt up even more ) so just what has he done?
Run up the debt MORE then Obama did in 5 out of the 8 years in office , I can't wait to see just how much it will be going up in Trumps 2nd Fiscal year ( even with the Government shutdown , where Trump had a surplus / what would it have been IF there wasn't a shutdown ? )
Trump and the Republican controlled Congress has run up the debt MORE then Obama did in 5 out of the 8 years he was in office in their FIRST fiscal year,)
and AGAIN I want to remind you that YOU can ADD Obama's 4th and 6th YEARS together and NOT add up to what TRUMP added to the debt in his FIRST fiscal year
OR that you can ADD Obama's 6th AND 8th Fiscal years TOGETHER and they would NOT add up to what Trump put on the debt in his First Fiscal year.
SO again I have to thank you for showing us YOU don't even read what YOU even post and now have shown us that against what YOU have said TRUMP HAS increased spending and it has been over the LAST 2 years when the Republicans had complete control over the US Government.
Again I will remind you the Dems did NOT take control of the House till this year
AGAIN THANKS for showing us YOU lie and do NOT read what you post
TRUMP has increased spending and has cut taxes and that is a good mixture for another Recession / depression just like the one Bush left for Obama
One more thing it is FACT that our economy does better when there is a DEM in the White House then when there is a Republican
Thanks again and have a nice night

You certainly have an obsession with Trump and also Obsession for false information there has not been one trillion dollar deficit during the Trump term and Obama had four of them. Trump's economic results have beat the hell out of Obama's and although you try to prop up that failed Administration all you're doing is making a fool of yourself. Keep ignoring the worst recovery in American history at a cost of 9.3 trillion dollars. What a total and complete waste of time you are. Have a nice night

Sent from my SAMSUNG-SM-G930A using Tapatalk

 

[Conservative]

Where and how?

IT is a FACT that the economy does better when there is a Dem in the White House then when a Repuck is
Trump Is Right About One Thing: 'The Economy Does Better Under The Democrats'
Economists Agree: Democratic Presidents are Better at Making Us Rich. Eight Reasons Why. - Evonomics
Who do you trust more with the economy: Democrats or Republicans? | The Tylt
Why the economy performs better under Democratic presidents | Fortune
Giving the super rich and large Corporations tax cuts and putting the tax load basically on the hard working middle class is unfair
AND that is just what Trump and the Republicans did
when a large Corporation like Amazon or GE make BILLIONS in US Profits does NOT pay ONE CENT in US income taxes and gets to use the Infrastructure those taxes pay for to make their BILLIONS and the average middle class hard working American pays those taxes it is unfair
.
YES they do pay some taxes but they get to deduct them on their income taxes ( property tax/ excise tax / Gas, fuel tax/ and any other tax you can think of ) and MOST of those taxes they pay an average hard working American can't
Have a nice night

It is truly interesting how you continue to post false information out of context with reality. Information such that

the economy works better under Democrats than Republicans as Congress is ignored,

red states get more back than they give totally ignoring the contrary is true with state and local taxes capped now on the federal return, taxes that are higher in blue states than red states,

the tax cuts are only for the rich,

refunds are down this year ignoring that withholding tables are lower allowing people to keep more of what they earn on each paycheck,

Democratic Presidents are better at making "us" rich unless you mean the liberal elite and federal bureaucrats

Corporations not paying federal taxes is bad, ignoring that corporations hire employees who do pay taxes and corporations provide revenue to charities in local communities.

giving people more of their money ignoring that it isn't the government's money to give but rather personal income that people are keeping due to tax cuts

You truly are nothing more than a mouthpiece for the radical left spouting "playbook" rhetoric and arguments while ignoring reality

 

[Tbird19482]

You certainly have an obsession with Trump and also Obsession for false information there has not been one trillion dollar deficit during the Trump term and Obama had four of them. Trump's economic results have beat the hell out of Obama's and although you try to prop up that failed Administration all you're doing is making a fool of yourself. Keep ignoring the worst recovery in American history at a cost of 9.3 trillion dollars. What a total and complete waste of time you are. Have a nice night

Sent from my SAMSUNG-SM-G930A using Tapatalk

Can you show us where I ever said there was a Trillion dollar deficit?
I haven't but he has run the DEBT up over a Trillion dollars in his first fiscal year. and is on the way to doing it again in his second fiscal year and You seem to keep forgetting that Obama had to deal with a recession the worst recession ever one that was almost a Depression maybe just maybe that is why the recovery was slow besides he didn't have any help from the Republicans ( and that is the first 4 years he was in office , that just could be why he had 4 trillion dollar deficits ) and even as slow as the recovery was it was in a lot better shape when Trump took over then when Obama took over
and again Obama did not run the debt up 9.3 Trillion dollars
on Oct 1 of 2019 when Obama's first fiscal year started the debt was 11,920,519,164,319.42 and on Oct 1 of 2017 it was 20,244,900,016,053.42 Now if you would go get a third grader to help you subtract them you will fine Obama ran the debt up 8,324,380,851,734.09
have a nice day

 

[Tbird19482]

It is truly interesting how you continue to post false information out of context with reality. Information such that

the economy works better under Democrats than Republicans as Congress is ignored,

red states get more back than they give totally ignoring the contrary is true with state and local taxes capped now on the federal return, taxes that are higher in blue states than red states,

the tax cuts are only for the rich,

refunds are down this year ignoring that withholding tables are lower allowing people to keep more of what they earn on each paycheck,

Democratic Presidents are better at making "us" rich unless you mean the liberal elite and federal bureaucrats

Corporations not paying federal taxes is bad, ignoring that corporations hire employees who do pay taxes and corporations provide revenue to charities in local communities.

giving people more of their money ignoring that it isn't the government's money to give but rather personal income that people are keeping due to tax cuts

You truly are nothing more than a mouthpiece for the radical left spouting "playbook" rhetoric and arguments while ignoring reality

I see you didn't bother to do any reading
I guess everything Trump does good is because of him and everything that was bad under Obama he did and Congress had nothing to do with it
You can't have it both ways
YES Congress has a lot to do with it they are the ones that set the official budget and as you can see , seeing the President has to sign it into law he gets the blame for it
Fact is Trump has run the debt up more in his first fiscal year then Obama did in 5 out of the 8 years he was in office and Trump had a better economy then what Obama took over.
Trump is already on his way to his second fiscal year with a Trillion dollar debt.
and as for the Trump tax cut
Trump and the Republicans said it was going to be gerat for a family of five
well I agree the withholding went down so that will cut the refunds but they also took away the Personal exemptions and by doing that IF a family of five took the standard deduction last year and their 5 personal exemptions they could deduct 32950 last year and if they took the standard deduction in 2018 they could deduct 24000 an INCREASE in their taxable income of 8950 and IF they are in the 10% tax bracket ( the lowest one ) that could result in a tax increase of 895
and You would have to take what increase they got in their checks and add it to what they got back IF they got anything back and subtract that from what they would have paid IF it had stayed the same as last year.
another fact is in 2017 42% of all large Corporations did NOT pay a cent in US income taxes and according to the GAO that percent is going to go up to about 65%
so I have to ask how does it feel to pay more in US income taxes then over 65% of large Corporations making a million or more in US profits some making Billions and getting tax credits they can take off next years income taxes
have a nice day