tax cuts cause deficits

[WTF]

Originally Posted by lustylad

You're the fucking nitwit. You mindlessly parrot all of the libtard talking points on economics. If it made sense for companies to buy back stock, they would be doing it already by borrowing at home. They don't need to wait until they repatriate money that is parked overseas. Besides, stock prices are at all-time highs right now. You buy back your own stock when it looks cheap.

You really need to do better research before opening that big mouth of yours...


https://nypost.com/2017/08/19/us-com...eir-own-stock/



The buyback binge is not isolated to market giants like Apple, which spent $7.2 billion in the first three months of this year on stock buybacks. Crowd-sourcing review site Yelp’s board just approved a 200 million share repurchase.




.....It’s the “shock” market rally —  cash-rich US companies have plunged nearly $4 trillion of their cash into buying back their stock since 2008, which is why all the stock indexes are hovering near record territory.
“It has massively manipulated the market,” said Richard Bowen, the former Citi executive who blew the whistle on the bank during the subprime mortgage crisis, and noted how these share buybacks in the open market were once deemed illegal. The Securities and Exchange Commission eased the rules in the early ’80s.

[kehaar]

Originally Posted by bamscram

https://www.theatlantic.com/politics...riment/389874/

http://www.kansascity.com/news/polit...114021098.html

Links to leftwing news organizations aren't explanations. How is kansas going "down the tubes"?

[WTF]

Originally Posted by kehaar

Links to leftwing news organizations aren't explanations. How is kansas going "down the tubes"?

have you not paid attention to their tax cuts and massive state debt?

wtf is wrong with you?

Google it...if you trust Google....hell maybe everything you do not want to hear is because of left wing propaganda.

[TheDaliLama]

Originally Posted by LexusLover

A displaced dog.



Did someone say "Kansas"?

That's perfect.

[kehaar]

Originally Posted by jd75019

Kehaar......Guess you don't understand the concept of a flat tax. Review the attached link and you'll see that only about 9% of government revenue comes from corporate taxes. Here is another link showing where government revenues are generated. You will see individual income taxes provide the bulk of the revenue the social security taxes (normally split between corporations and workers unless self employed and paying both sides.) As I stated Corporate America doesn't need their top bracket reduced from 35% to 20%. Corporations should pay more in taxes, not less. If you don't like my argument that's fine, but offer an explanation of how our deficit will be reduced with corporations paying less in tax. I'd also be interested in seeing if you can provide an explanation as to this is helpful to citizens of this country.

http://www.taxpolicycenter.org/brief...ral-government

IF you can't deduct the cost of good produced, it isn't a flat tax, but a sales tax.

Quote:
but if we had a flat tax system when every individual AND CORPORATION paid 20-25% of their top line income
end quote

Oil companies already pay 30-50% of their revenue to the government. The marginal tax rate in the US requires yearly cash flow(product value-input cost) to be 40-50% of the investment. Foreign tax policy yields a requirement of about a third of that. Where are investors going to invest? It doesn't take a rocket scientist to figure that out.

The fact is that people pay taxes. We would be far better off if corporations didn't pay any taxes, and distributions from those corporations were taxed at income tax rates(if you want to have a flat tax, enforce it there). Like it or not, in the US, people own corporations, and are the direct beneficiaries.

Investment would skyrocket till it met a full employmment limit. The current stock market levels are indicitive of the expectation that corporate tax rates are going to fall, yielding dramatic improvements in the economic activity of the listed companies. Once people start cashing out of the stock market, and paying taxes on that income, the tax revenues will dramatically increase.

That is precisely what happened at the end of the Clinton years. That balanced budget had nothing to do with his economic management. The deficits in the Bush years were a direct result of the "Frothiness" of the Clinton years.

[bamscram]

Originally Posted by kehaar

Links to leftwing news organizations aren't explanations. How is kansas going "down the tubes"?

http://www.foxbusiness.com/markets/2...-strained.html

You still will not understand it, will you?

[lustylad]

Originally Posted by WTF

You really need to do better research before opening that big mouth of yours...


https://nypost.com/2017/08/19/us-com...eir-own-stock/


.....It’s the “shock” market rally —  cash-rich US companies have plunged nearly $4 trillion of their cash into buying back their stock since 2008, which is why all the stock indexes are hovering near record territory.

Only a moronic buffoon would claim buybacks are the sole reason the stock market is at an all-time high. If companies spent $4 trillion over a decade, that's an average of $400 billion a year. They're not going to pour $3 trillion into new buybacks because we let them repatriate their overseas earnings, you simple-minded libtard parrot.

[kehaar]

Originally Posted by WTF

have you not paid attention to their tax cuts and massive state debt?

wtf is wrong with you?

Google it...if you trust Google....hell maybe everything you do not want to hear is because of left wing propaganda.

What "massive state debt" are you talking about? The budget hole in kansas was completely eradicated by a very small tax increase.

Despite being hit with an economic calamity that reduced it main revenue source values by over 50%, Kansas is in fine shape. Contrast that with the leftwing fascist thug ruled states, namely, illinois, michigan, california, new jersey, new york, etc, etc, etc.

You are truly an idiot. When you google something, and restrict yourself to reading leftwing fascist propaganda, you aren't going to know anything worthwhile.

Surely, you find it odd that the Kansas budget is in the national news several times per week. It isn't because thing in Kansas are going poorly, except for the parasites. Kansas has about 1% of the population of the US, and ranks 14th in tax collection, is in the top half of all states in education spending at all levels(and the cost of living in kansas is low), and doesn't have any foreseeable issue paying its future obligations. It must suck to be so starved of oxygen where you live that you can't think for yourself.

[kehaar]

Originally Posted by bamscram

http://www.foxbusiness.com/markets/2...-strained.html

You still will not understand it, will you?

Truly, how do you not destroy yourself when heating a donut in the microwave? That article is from 2015!

If you can't find something specific about kansas that you can hate, you ought stop hating them. It is bad for your soul, and your mind.

Googling, and reporting, irrelevant articles helps no one.

What is Chicago's deficit? 9 billion per year(I am to occupied to look up the actual number). The more important fact is they they have no means of raising revenue, or lowering cost. They have screwed themselves over, Detroit style. Kansas, not so much.

[bambino]

Originally Posted by kehaar

Truly, how do you not destroy yourself when heating a donut in the microwave? That article is from 2015!

If you can't find something specific about kansas that you can hate, you ought stop hating them. It is bad for your soul, and your mind.

Googling, and reporting, irrelevant articles helps no one.

What is Chicago's deficit? 9 billion per year(I am to occupied to look up the actual number). The more important fact is they they have no means of raising revenue, or lowering cost. They have screwed themselves over, Detroit style. Kansas, not so much.

Just like Liberalism is crumpling under its own lies and stupidity in the world, it does in this forum as well. How delicious.

[garhkal]

Originally Posted by WTF

Do not forget Defense....bunch of people cry if you talk about even maintaining present spending. These chickenhawks love them some Defense Spending and want taxes cut on the rich and businesses and for the middle class and poor to pay for it on the backend.

With how DEFENSE spending is one of the ONLY things the Constitution calls out that the govt should spend on, WHY SHOULD IT be cut when all the entitlements (NONE OF WHICH are in the constitution as a federal responsibility) have NEVER been cut??

[lustylad]

Originally Posted by garhkal

With how DEFENSE spending is one of the ONLY things the Constitution calls out that the govt should spend on, WHY SHOULD IT be cut when all the entitlements (NONE OF WHICH are in the constitution as a federal responsibility) have NEVER been cut??

Snitchy gets all of his info from his subscription to War Resisters League magazine. He wants entitlements to be inserted into the Constitution and all mention of national defense to be removed.

[bamscram]

Originally Posted by kehaar

Truly, how do you not destroy yourself when heating a donut in the microwave? That article is from 2015!

If you can't find something specific about kansas that you can hate, you ought stop hating them. It is bad for your soul, and your mind.

Googling, and reporting, irrelevant articles helps no one.

What is Chicago's deficit? 9 billion per year(I am to occupied to look up the actual number). The more important fact is they they have no means of raising revenue, or lowering cost. They have screwed themselves over, Detroit style. Kansas, not so much.

You don't have shoelaces do you?

[WTF]

Originally Posted by garhkal

With how DEFENSE spending is one of the ONLY things the Constitution calls out that the govt should spend on, WHY SHOULD IT be cut when all the entitlements (NONE OF WHICH are in the constitution as a federal responsibility) have NEVER been cut??

No where does it say we should go broke DEFENDING THE ENTIRE WORLD...

[bambino]

Originally Posted by WTF

No where does it say we should go broke DEFENDING THE ENTIRE WORLD...

That’s why Trump is demanding other countries pay their fair share you jackass.

https://amp.cnn.com/cnn/2017/06/29/p...ing/index.html