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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. Noel Meyer
     (11/22/2017 5:39:23 PM)
     Message ID #294127

This message is in response to Thomas C ( message id #294120 )  Back To All Messages

"No sir, the current tax code is a nightmare, not designed for today's global marketplace.

So the choice is fix it, or do nothing."


Americans watched REPUBLICANS ONLY deal the same way with healthcare reform. That effort did not even win a majority of Republicans much less the nation.

"So the choice is fix it, or do nothing."

Perhaps tying the corporate tax reduction of 15% to jobs created each 6 months is in order.

Perhaps tying the corporate tax reduction of 15% to the increases in the national debt and deficits should be codified, tollgates so that BAD TAX CUTS are not part of a nightmare tax code entrenched in bad legislation.

Simply tie performance to the tax cuts, no change or no POSITIVE change in debt numbers or good paying jobs = tax cuts removed from those corporations which 'banked' such monies during the Bush tax cuts.

2. M Bathurst
     (11/22/2017 6:53:36 PM)
     Message ID #294129

This message is in response to Noel Meyer ( message id #294127 )  Back To All Messages

I hear the basement and fuzzy slippers calling your name......

3. D Robb
     (11/22/2017 5:57:59 PM)
     Message ID #294132

This message is in response to Noel Meyer ( message id #294127 )  Back To All Messages

Either the self-proclaimed brilliant tax attorney is too dumb to know that US corporate taxes are a band between 15 to 35 percent, or he lies. Take your choice.

4. D Robb
     (11/22/2017 8:06:32 PM)
     Message ID #294133

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

Roy Moore's communications director can no longer stand the stench and has resigned.

5. M Bathurst
     (11/22/2017 7:04:15 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).
  1-5 of 5