Started By
Message

re: Millionaire releases tax return as illustration

Posted on 12/19/17 at 10:14 am to
Posted by arkiebrian
NWA
Member since Nov 2006
4167 posts
Posted on 12/19/17 at 10:14 am to
quote:

why that rate should apply to net income rather than gross income, as it does for individuals.

I want the companies I invest in to be more profitable. Stocks go up my investments win.

Taxes are inherently bad and they screw us all because we’re forced to pay them. I’ll take any reduction in taxes put out there rather than screw with it for 3 years and nothing ever get done.
Posted by Tiger n Miami AU83
Miami
Member since Oct 2007
45656 posts
Posted on 12/19/17 at 10:39 am to
quote:

 I’ll take any reduction in taxes put out there rather than screw with it for 3 years and nothing ever get done.


Again, there is a serious problem with debt financed tax cuts.

We are borrowing 1.5 trillion that will be 2 trillion to pay back. We are increasing the amount owed by each a every citizen. And that matters. That social security you pay in isn't coming back to you the way we are borrowing. Same thing for Medicare. Same for Medicaid. Same for infrastructure which is critical. Same for a host of things.

Essentially what is happening is the average person is getting a few hundred dollars while owing a few thousand more.

Deficit financing of tax cuts matters. Not to mention you and I will soon see tax increases to pay back the thousands for each and every individual whose share of the debt is about to go up.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow SECRant for SEC Football News
Follow us on Twitter and Facebook to get the latest updates on SEC Football and Recruiting.

FacebookTwitter