The Biden Administration and All Things Politics

[fishonjazz]

I do not see how dropping a tax rate for a business that makes products in America will now make all the public services, reliable infrastructure and social programs all go away.

Taxes are how public services, infrastructure, and social programs are paid for.

Ergo, lowering tax rate = less tax revenue = less money for public services, Infrastructure, social programs. I mean that is quite easy to see.

Maybe a good idea is to lower the corporate tax rate and also mandate that a certain amount of the profits from companies go directly to public services, infrastructure, and social programs. I'm down with that alternative.


Sent from my CPH2451 using Tapatalk

 

[MTS]

So all this tax got us:
19th / 29th in Social Progress

Global Social Progress Index

The AlTi Global Social Progress Index is distinct in its comprehensive approach and rigorous assessment of the wellbeing of a society. By focusing only on the non-economic aspects of social performance, the index offers actionable data insights revealing areas of need and opportunities for...

www.socialprogress.org

https://www.usnews.com/news/best-countries/rankings/social-purpose

2nd / 16th Infrastructure/Public Transportation

16 Countries With Most Efficient Public Transportation

In this article, we will take a detailed look at the 16 Countries With Most Efficient Public Transportation. If you want to skip our global overview of the public transport industry, you can take a look at our top picks of 5 Countries With Most Efficient Public Transportation. In a faster and...

finance.yahoo.com

https://www.usnews.com/news/best-countries/rankings/well-developed-infrastructure

12th / 59th in Business Economic Prosperity

https://www.usnews.com/news/best-countries/rankings/open-for-business

WCR-Rankings - IMD business school for management and leadership courses

World Competitiveness Ranking

www.imd.org

All with MASSIVE debt.

This seems like an incredibly strong argument for the exact opposite of dramatically slashing corporate tax rates.

 

[fishonjazz]

Just speaking for myself.....

I make no where close to 100,000 dollars per year for my entire household. I'm paycheck to paycheck for life. I don't want my taxes lowered. I'm getting by ok. I think I should have to contribute to all the awesome things in this great country.




Sent from my CPH2451 using Tapatalk

 

[Bucknutz]

Yeah, it pretty much is. Again, read up on it and the history on those taxes in general. Fascinating stuff.

Dropping a rate 6% for companies that make products in America is the same as dropping income tax 30% and businesses tax rates to 0%?

Not the same.

Lets see how high taxes work in these blue states:

Fleeing Massachusetts taxpayers cost state $3.9B in 2022 income, IRS data show

Taxpayers fleeing Massachusetts cost the state roughly $3.9 billion in 2022, placing it fifth in the country for loss of “adjusted gross income” due to domestic migration, behind just California, N…

www.bostonherald.com

People leaving the state of Massachusetts cost the state 3.9 billion in 2022
California - 23.8 billion
NY - 14.2 Billion
Illinois - 9.9 Billion
New Jersey - 5.3 Billion

High Taxes, High Regulation, High Cost of Living = mass exodus

Let's see what a business man says about these states and taxes:

View: https://x.com/SOULDI3T/status/1831530673108140058

 

[fishonjazz]

This seems like an incredibly strong argument for the exact opposite of dramatically slashing corporate tax rates.

But all the people who got rich in America would leave and go to a different country if their taxes went up
How patriotic of them. **** em.

(I actually don't think they would leave and instead would continue to simply cheat the system and stay here)

Sent from my CPH2451 using Tapatalk

 

[Bucknutz]

Just speaking for myself.....

I make no where close to 100,000 dollars per year for my entire household. I'm paycheck to paycheck for life. I don't want my taxes lowered. I'm getting by ok. I think I should have to contribute to all the awesome things in this great country.




Sent from my CPH2451 using Tapatalk

So you're ok with a 7% increase? 80k would be a $5600 hit to you. Are you okay with that?

 

[Bucknutz]

This seems like an incredibly strong argument for the exact opposite of dramatically slashing corporate tax rates.

You can do both, at the same time.

Cutting spending, cutting taxes for certain reasons. Still spend and improve social services.

 

[MTS]

But all the people who got rich in America would leave and go to a different country if their taxes went up
How patriotic of them. **** em.

(I actually don't think they would leave and instead would continue to simply cheat the system and stay here)

Sent from my CPH2451 using Tapatalk

We have a 90 year history of a 30%-50% corporate tax rate objectively working and working extremely well, and he's posting horror stories of people leaving individual states along with some appeal to a billionaire's authority (lol).

Like what are we even doing here?

 

[fishonjazz]

So you're ok with a 7% increase? 80k would be a $5600 hit to you. Are you okay with that?

I think you misread my post.
I'm a broke dude who isn't begging for lower taxes. I said nothing about wanting to pay more taxes.

I'm not going to cry for rich dudes who can't buy another yaught. I will leave that to you.



Sent from my CPH2451 using Tapatalk

 

[MTS]

You can do both, at the same time.

Cutting spending, cutting taxes for certain reasons. Still spend and improve social services.

Would be hard to improve social services when you'd have to basically gut them to support a 15% corporate tax rate.

 

[Bucknutz]

I think you misread my post.
I'm a broke dude who isn't begging for lower taxes. I said nothing about wanting to pay more taxes.

I'm not going to cry for rich dudes who can't buy another yaught. I will leave that to you.

Sent from my CPH2451 using Tapatalk

Im not rich either but you are asking me to add 7% to my tax bill. Because F the Rich Dudes.

 

[fishonjazz]

Im not rich either but you are asking me to add 7% to my tax bill. Because F the Rich Dudes.

The tax increases I have seen proposed have always had a dollar account attached to them. That dollar amount I have seen is like super super high.

Sent from my CPH2451 using Tapatalk