Trump's tax plan

>>138960345
>People who make more save more money when the tax is lowered
Surely this is the end for Drumpf.

>>138960398
>People who make more save more money when the tax is lowered

They aren't going to invest it in the real economy. The reason everything is so shit is the rich horde the money and the real economy is shit tier.

Suppose that once a week, ten men go out for beer and the bill for all ten comes to $100.If they paid their bill the way we pay our taxes, it would go something like this..

The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
And the tenth man (the richest) would pay $59.
So, that’s what they decided to do.

The ten men drank in the bar every week and seemed quite happy with the arrangement until, one day, the owner caused them a little problem. “Since you are all such good customers,” he said, “I’m going to reduce the cost of your weekly beer by $20.” Drinks for the ten men would now cost just $80.

The group still wanted to pay their bill the way we pay our taxes. So the first four men were unaffected. They would still drink for free but what about the other six men? The paying customers? How could they divide the $20 windfall so that everyone would get his fair share? They realised that $20 divided by six is $3.33 but if they subtracted that from everybody’s share then not only would the first four men still be drinking for free but the fifth and sixth man would each end up being paid to drink his beer.

>>138960739
So, the bar owner suggested that it would be fairer to reduce each man’s bill by a higher percentage. They decided to follow the principle of the tax system they had been using and he proceeded to work out the amounts he suggested that each should now pay.

And so, the fifth man, like the first four, now paid nothing (a100% saving).
The sixth man now paid $2 instead of $3 (a 33% saving).
The seventh man now paid $5 instead of $7 (a 28% saving).
The eighth man now paid $9 instead of $12 (a 25% saving).
The ninth man now paid $14 instead of $18 (a 22% saving).
And the tenth man now paid $49 instead of $59 (a 16% saving).
Each of the last six was better off than before with the first four continuing to drink for free.

But, once outside the bar, the men began to compare their savings. “I only got $1 out of the $20 saving,” declared the sixth man. He pointed to the tenth man, “but he got $10!”

“Yeah, that’s right,” exclaimed the fifth man. “I only saved a $1 too. It’s unfair that he got ten times more benefit than me!”

“That’s true!” shouted the seventh man. “Why should he get $10 back, when I only got $2? The wealthy get all the breaks!”

“Wait a minute,” yelled the first four men in unison, “we didn’t get anything at all. This new tax system exploits the poor!” The nine men surrounded the tenth and beat him up.

The next week the tenth man didn’t show up for drinks, so the nine sat down and had their beers without him. But when it came time to pay the bill, they discovered something important – they didn’t have enough money between all of them to pay for even half of the bill!

>>138960758
And that, boys and girls, journalists and government ministers, labour and greens is how our tax system works. The people who already pay the highest taxes will naturally get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy and they just might not show up anymore. In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier.

For those who understand, no explanation is needed.

For those who do not understand, no explanation is possible

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>>138960739
>>138960758
This is why right wing retards can't be trusted with money. The entire cuckservative ideology is based on slashing taxes for the rich and exploding the budget deficit. That's it. That's what the entire right wing movement is about.

>>138960345

>but the 1% benefit more!

CAUSE THEY ARE MAKING $10000000000000 MORE PER YEAR

NO SHIT

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>>138960800
>And that, boys and girls, journalists and government ministers, labour and greens is how our tax system works. The people who already pay the highest taxes will naturally get the most benefit from a tax reduction

I get that you're a paid shill for the wealthy elites but u do understand that u can cut taxes for say those making under $150k a year while raising them on say those making over $1 million per year.

I need you to acknowledge that this is possible or are you just a full blown cuck for the rich?

Do right wing retards even know what tax brackets are?

>>138960895
sounds like they don't need tax cuts u filthy cuck

lets make this simple

poor nigger makes $100, he saves $10 per year with tax cut

rich CEO makes $10000000, he saves $1000000

>b-but the poor folk benefit less!

no shit. it's relative!

>>138960485
>They aren't going to invest it in the real economy. The reason everything is so shit is the rich horde the money and the real economy is shit tier.

That's why tax cut's don't help the economy.

>>138960983
Poor in the West live better than anyone in thirdie world or better than kings of the past.

Why do poor feel so entitled

>>138960983
the rich ceo doesn't need a tax cut

right wingers are literally the biggest cucks for billionaire globalists on the planet

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>>138961091
b-but it trickles down!

>>138961210
but the nation needs it or the CEO is juts going to organize his taxes to tax paradise.

>>138960345
I swear people in journalism failed basic math to not understand this. This isn't even economics at this point, but just simple math.

I will use the Trump example:
Trump made 150 million in one year. Trump paid 38 million in taxes being roughly 25% of his income. If Trump's tax rate was reduced to 20% he would pay 30 million, therefore saving 8 million dollars.

If you made 10k in a year and paid $2500 in taxes you would have paid 25% as well. If your rate gets dropped to 20%, then you pay $2000 and save $500.

>>138961161

no idea

people bitch about "the 1%" but they dont realize "the 1%" pay a SHITLOAD MORE TAXES.

the best thing for the country is to allow businesses to succeed: tax cuts for poor faggots only does NOTHING.

And here he comes

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>>138961266
No actually the economy does better when u raise taxes on the rich >>138960858


right wingers are literally cucks for billionaire globalists

u don't even try to hide it

>>138960345
that chart is meaningless unless it's a percentage of income.

>>138960345
>That's not even close to the 90% tax rate we had during world war II.
You ... want us to return to world war levels of taxation? Is there some Manhattan Project going on I don't know about?

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>this fucking leaf

>>138961470
lol you're just mad because that chart shows the truth

the truth hurts, you filthy billionaire globalist shill

>>138960858
Listen moronic leaf, do u understand that the easy way to balance a state budget is to stop spending taxpayer money on shitty programs?

A budget deficit means you must STOP SPENDING, instead of removing money from the productive economy to reward a burocrat

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>>138960485
no goy billionaires just need more tax cuts!

they'll totally not horde it this time!

right wing retard supercucks told me so!

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>>138961736
this is why right wing retards can't be trusted with money

u morons don't even know what revenues are

>>138961161

The poor in the west live better than the upper middle class west of the 1990s.

Tech, food, cars, and even gas are all cheaper than they were.

Seriously just change your flag back to commie you fucking retard no (You)'s for you

>>138961801
It's almost like Trump ran on forcing them to pay taxes on their foreign assets or something crazy you retarded leaf faggot

>>138961902
lol no he didn't

>>138960485
>They aren't going to invest it in the real economy
They're not keeping it under the mattress. They keep it in the bank. And the bank can lend more money at lower rates.

>>138961902
>It's almost like Trump ran on forcing them to pay taxes on their foreign assets or something crazy you retarded leaf faggot

He fucking didn't you faget

>>138961982
bank lending rates are set by central banks

>>138960485
Not 1 millionth as bad as poor fuck Mexicans working for cash under the table and then sending that American currenCy into south America, never to be seen in the US economy again. And meanwhile, they're on welfare and ebt, too.

>>138962060
someone didnt pay attention during the election cycle.

>>138960345
I never really understood what Drumpf meant when he said he wanted to rebuild and expand infrastructure, such as interstate highways and public roads, or increase the military's spending budget, but then in the next breath turn around and do massive tax cuts for the wealthy and mega corporations. Obviously it's him and the Republicans paying back their donors' support money, but doesn't that make them a spineless liar and a hypocrite?

>inb4 amateur libertarian says "muh small government"

>>138960959
Because the ebil ebil 1% are going to leave.
Besides you want people to save money in "your" (rhetorical your) country because it drives down interest rates.

>>138960345
It's not really how far right we have become, but how oligarchical. You can have oligarchies that are left, right, centrist, Muslim, fascist or whatever

>>138960858
Wow and all this time I thought the drop in GDP was due to the war, but turns out it was a slight tax cut that threw us into a recession.

Who'd a thunk.

>>138962426
Good thing we're restarting the war in Afghanistan! Thanks Trump!

Hes back

The obamaleaf has returned!

>>138962422
>It's not really how far right we have become, but how oligarchical. You can have oligarchies that are left, right, centrist, Muslim, fascist or whatever

Oligarchy is far right. It's really as simple as that. A billionaire will not advocate policies that will not benefit their classes economic policies.

>>138962312
>someone didnt pay attention during the election cycle.

The tax plan he purposes has no mechanism to force people to pay taxes from offshore

That would mean Trump would have to pay more taxes.

can you believe it we're getting the yacht

>>138962502
>restarting
>implying obama ever ended it

Stay mad libfag.

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>>138961242
Listen to this nigga.

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>>138962513
how did the billionaires manage to convert right wing retards into their useful idiot army? how do they do it...

>>138961242
It already happens, you retard. The more you raise taxes, the lower the revenue, because corporate schemes arrange a really low tax rate or hide their wealth through complicated corporate structures.
Apple pays 1.4% corporate tax in Ireland for the european branch, Google, Microsoft and many others play the same game.

>>138961837
>Tech, food, cars, and even gas are all cheaper than they were.

Health care, education and housing are all way more expensive. But who needs medicine, a job or a place to live when we have smartphones, amirite?

>>138962645
>how did the billionaires manage to convert right wing retards into their useful idiot army?

Divide and conquer. A poor white person can be fooled to think they are equal to a rich white guy by convening them that blacks are inferior to them.

>>138960758
Excellent posts. Rare to get something like this on modern pol.

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>>138962181
Then there's your problem. Bureaucrats fucking with the economy.

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>>138962647
Actually when u raise taxes on the rich, u get more revenues. >>138960858


Again, this is why u retards can't be trusted with money.

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>>138962731
You could be right but I honestly think they just love being cucks for their wealthy elite overlords. They've been trained and programmed since birth to obey their billionaire globalist masters.

>>138962573
https://www.minnpost.com/politics-policy/2017/05/trump-s-tax-plan-seeks-bring-back-trillions-corporate-profits-held-abroad-ca

>>138962620
Doesn't mean continuing it is any better, retard. You're the type to get fucked in the ass and realize your not gay, but continue anyhow.

>>138962670
You mean all the things the government has their hands in vs things that are largely private sector? I'm sure there isn't any correlation at all

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>>138962820
Tax cuts for the rich automatically stabalise the economy leaf

>>138962918
wow... clearly someones being exploited