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Do you think that the Trump Tax plan will help the middle class?

Yes
No
I have no idea



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1. M Bathurst
     (11/22/2017 8:06:32 PM)
     Message ID #294137

This message is in response to D Robb ( message id #294132 )  Back To All Messages

You continue to amuse and amaze me in your willingness to expose your massive lack of financial/tax sophistication and knowledge.

While you are correct; the US tax rate (in general terms) on C Corporations runs from 15% - 35%; there are two catch up points where the marginal rates are 39% (on taxable income over $100,000 and less than $335,000 and 38% on taxable income over $15 million and under $18.33 million). The what I call catch up points are where large corporations lose the benefit of the lower 15%, 25% and 34% rates intended for smaller C Corporations.

Thus, for the large multinational corporations the US should be attempting to draw home and/or attract from other countries, the marginal rate is 35% plus a State income rate (KPMG states the blended rate is 40% - works for me). Keep in mind, most countries do not have the same "State" taxation regimes.

So, tell me if you are making a choice between investing in Ireland where the rate is 15% or the UK where it is less than 20% and in the US where is it 40% - what choice will you make?

Simply stated, you lack the understanding and sophistication to be at the table with the big boys and girls here. Maybe Mr. Meyer has an extra pair of fuzzy slippers for you (pink seems about right).
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