How is this "anti establishment" ???? All these Trump supporters keep saying that Trump is anti establishment and he keeps proposing tax cuts for corporations and the rich. An even bigger question is how can someone believe that a billionaire is anti establishment. A billionaire is establishment by definition.
If there is a difference, you can't use the businessman as a stand-in for the establishment on the campaign trail. Hillary gives a speech to Goldman-Sachs, while Trump gives actual tax breaks to Goldman-Sachs.
All this stuff in government is moving people further away from establishment politics. Trump just fooled people into thinking he was one of them. Expect more progressive candidates on the left, and even more regressive conservative extremes on the right.
lol like you even read or understood the tax cuts. Liberals are embarrassing. They don't understand how tax cuts can not only relieve the burden of having money taken from your pockets, but can create economic incentives to start more businesses or hire more people and allow people more money to buy more products and services. All of this is great for the economy.
erick villagrana At the expense of gutting public services and increasing austerity? Here's a simple example of how those massive tax cuts actually hurt average people. Look at how much college tuition has exploded, I know some people believe republican nonsense about the government guaranteeing loans but that's just propaganda. College cost have went up because we've been cutting taxes for decades and that has to be compensated for somehow, so education budgets get cut. It's also why we have overcrowded K-12 classrooms and underfunded K-12 schools. The infrastructure is falling apart and now we have these same people who cut taxes massively proposing a public private partnership for infrastructure. Since the private partners have to get a return on investment, you get to pay tolls and parking meters. That's a tax you didn't need to have if we had a reasonable tax system that brought in the money to pay for the infrastructure. Instead the people who got the hugest tax breaks get to rip the rest of us off by investing the money into infrastructure which we get to pay tolls on. Are you really saving any money. I swear some people can't think pass their nose.
" Everyone will love this because everyone will pay less in taxes" Watch the video and try to understand what they're saying stupid. Try using your brain for once in your life.
Truth Be $old You honestly think we need a military as powerful as this one to take out a bunch of ragged militants? The soviet union was 100x more powerful then these pathetic "islamic terrorist" plus bombing the shit out of the middle east wont get rid of the problems there, it will only make them much worse and cause the locals to hate us even more. We spend more then the next 10 largest military spenders combined, and most of them are our allies... The military industrial complex has you by the crotch.
I hope one day you can be prosperous too ......but my friend our corporate tax rate is really high The problem is tax deductions and TECH companies not paying their fair shares and companies who move their companies overseas .
What source can you provide? Reaganomics or trickle down economics gave us a economic boom with Ronald. Have you actually done any real economic research or do you just parakeet what buzzwords you see.
Carlos, Followed by a recession which in part led to the first bush losing to Clinton. Bush did the same all while fighting wars. That is why the economy collapsed and Obama had to help clean that shit up. You ALWAYS pay for a couple of years of false bloated 'economic boom'. Who always ends up having to clean that shit up? The absolute stupidity of doing trickle down economics and the idiots that fall for that crap every time it's brought is mind numbing. To hell with what it does to your children or grandchildren. Smh
So what's the solution? It's bad news, after bad news, with more bad news, and I'd like to know what action as a people we can seriously take to get our government back.
They need to budget hard and stop spending on useless shit, could spend less on military if possible. If they can budget it better and have his tax plan in effect, our deficit won't have to get really high.
Aren't corporate taxes on net profit, not gross income? It always bothered me about the argument that cutting taxes increases corporate reinvestment in growing jobs. If the company needed/wanted to hire another worker, their wage is tax deductible isn't it? Need new equipment to expand the business? Deductions exist for that too? If a company really wanted to, almost everything they need to grow the business and economy is tax deductible isn't it? So why can't you tax them higher on actual profit.
I think sometimes when doing this story you should give some perspective on just how much "trillions of dollars" actually is. The average person struggles to comprehend it when they just hear a number. One trillion dollars is ONE THOUSAND BILLION DOLLARS. How much do you make in a year?
I'm considering quitting my job and starting my own company. But taxes are prohibitively high. I estimated 28% in federal taxes + 15% payroll tax + mandatory unemployment insurance tax + state taxes. Even making 60k more gross, I stand to lose money, despite my risk. This is absurd.
The issue is this: these people see a direct correlation between cutting taxes and economic growth. It is not direct!! There are other variables at work here: increasing demand; increasing productivity rate (it's been stagnant); household debt level; demand for credit; stock of human capital; wage rates etc.
90% of the country will see a couple percent decrease in their income taxes, and a higher increase in their overall cost of living...Standard Trickle Down Economics. I want to tell myself that people will finally wake up, but Ive been hoping for that for 25 years so far, and all we seem to do is repeat our same mistakes over and over and over and over and over and over
funny how they tell people they pay no tax on first $24000 but dont say hundreds of millions will be saved by billionaires while simultaneously changing laws and regulations to benifit who? the rich...
This would propel the deficit up to nearly a trillion dollars a year, and skyrocket the Debt upwards to maybe over $30 trillion. It would bankrupt the country and possibly cause another great depression.
"Be sure to use clarity, accuracy, precision, relevance, depth, breadth, logic, significance, and fairness when tackling the claims of the opposition. Reason will be on your side if you can strike the opposition with any of those nine."
You often hear the argument that, "If we lower the corporate tax rate, then this will encourage business, which will mean that more companies are paying taxes, which will mean that the government collects more tax revenue in total." But if you're lowering the rate from 35% to 15%, then you would need the number of tax-paying businesses to MORE THAN DOUBLE to make up for the lost revenue. Is that even vaguely credible?
What's wrong with passing money on in the family? Thats something that motivates people to continue working hard even when they have money for themselves.
The effective corporate tax rate right now is around 17%. What difference will 15% make!!!!!????? NOBODY EVER MENTIONED THAT EXCEPT JIMMY DORE AND LOU DOBBS!
You can't really compare the economic boom during the 50's and 60's to today. The rest of the world was still recovering from the effects of WW2, while the US was untouched. Our economic power was beyond what anyone else had at the time. This allowed the US to flex it's muscles and basically make money hand over fist. Now, we face more competition from all over the world. Being one of the highest, if not highest, rates of taxes on corporations, it has us at a disadvantage. It needs to come down quite a bit to compete.
Taxes on foreign profits are a counter productive tool. The US should get rid of those, few other countries do that. It literally incentivizes investing abroad and off-shoring.
That said, cutting the corporate tax rate is offloading more of the tax burden onto the workers... historically there's a limit to how much the people will take.
For the Tax breaks, the government must sell more US bonds overseas and print more money. This is no different compared to QE after 2008. If the interest rate goes up then the Government will be unable to pay interest for the debts. Inflation is real and cash value will continue to go down, real rich people don't own much cash, they all hold assets and stocks. Old people that rely on saving and cash and pensions will be fucked. The cost of housing is definitive proof inflation is real. Also consumer goods is going up, which is supposed to be evidence against inflation. Iphone cost more every year!
how about tax cut only based on the jobs they create because even if they pay zero tax and if its cheaper to make their stuff in china they will still stay there
Yes you are totally right but because TECH GIANTS like Facebook or google or Microsoft that are most profitable companies in U.S. are really smart and avoid paying taxes
Profits earned from foreign countries shouldn't be taxed, certainly not at 35%. These are often products that were never produced here in USA nor sold here in USA. So taxing it at that rate is a disincentive for anyone running a business, be it big or small. However we may put a string attached to that money, where a certain percentage of it is linked to contributing towards our infrastructure. Estate tax doesn't contribute much to the economy, and we should just forget it. Encouraging charity or incentives to do more charity would be a better way to balance whatever imbalances removing estate tax will do.
The thing they fail to say here is that on the estate taxes, there has already been tax paid on that money. Why should you have to pay tax again on the same money? Should I be penalized for having an estate to will my children? I've already paid my taxes on that money. Doesn't make sense.
"Competitive rate" is business speak that doesn't mean a damn thing...I always heard that when I was applying for jobs: "Your salary will be a competitive rate" ...come to find out, the competition was for finding the lowest amount you're willing to accept.
Just a curious person. If your taxes are going to be cut but at the same time you plan to spend a lot in public infrastructure and defense from where the money will come?
The Trolls just don't have it in them anymore.They lost faith in "CROOKED Don the CON , as even the BLIND Can See The Emperor Has NO Clothes.Ironically Sad AND Funny.
le pen, she is for increased welfare, only lowing taxes on the lowest 3 bands, ending tax evasion, lowering retirement age, 35 hour work week...nothing like trump, she just hates immigrants
Taxes have already been paid on the income made by parents who give money to their kids. You want to tax it again? It's not really relevant that they didn't earn it. It sucks that we get vapid wealthy do-nothing's, but it's not that big a deal. The government has no right to extort. On principle, the estate tax is disgusting.
estate tax is like double taxing. The person pays income tax when they first earn the money. You shouldn't tax then again when they want to transfer their wealth.
How can he say the number of tax brackets doesn't matter?!? The fewer the tax brackets, the more extremely the people at the lower end of the brackets will suffer, and the easier it will be for those towards the top of the bracket. ELIMINATE THE BRACKET SYSTEM!
A higher tax rate will create MORE JOBS, because higher taxes creates an incentive to reinvest your profits back into your business, which then becomes a non-taxable business expense.
Sounds like a big cut for corporations, and it is. Problem is that modern corporations of even modest size now trade globally and can shuffle profits easily from country to country. What countries are doing is racing to the bottom on corporate tax - the reason Ireland is full of people working for HP and Google. Why the UK is cutting it's rates too and the likes of Dubai or Vietnam never had high rates. Needs to be international cooperation to change things and that's not going to happen soon. So the US is just falling into line. Even Bernie would have been sensible to do this if he wanted corporations to stop fleeing the USA.
Here is the repatriation deal I would make. A 90% tax if you bring the money back now. If you don't bring the money back now, and we catch you with untaxed financial capital, you will get taxed at 100% and be thrown in prison. I would also hire an additional task force to the IRS specifically to go after this money.
Paris hilton did inherit her parents money when she was a child, but now for years now she said so wanted to separate herself from her parents money and start her business/empire selling fashion, perfumes, and opening Paris Hilton hotels. She hasn't taken any money from her parent in years, and the money shes earned on her own with her empire is about 1 million. The hilton fortune is billions of dollars, but she lives off the money she makes from her DJ gig (shes the highest paid dj in the world or at least was last year believe it ot not) and money from her empire. And yes i know she wouldnt have made it where she is today without her parent money in the beginning, But i respect her for not just living off it her whole life and actually doing something with it. Not to mention all the donations and philanthropy she does. Thats just my 2 cents i hate it when people put her down cause she is famous for be famous but there's a lot more to her. If you don't believe me or think i'm just a fan defending her please read this article. www.forbes.com/sites/dansimon/2014/06/04/paris-in-the-springtime-the-caricatured-ditzy-blonde-reinvents-herself-as-serious-entrepreneur-and-crushes-it/#c33eca8133ff
what is a bracket? When I file my taxes and look at the chart the IRS provides to determine how much in tax I should pay, there are way more than 7 items to search through. What is a bracket?
It's amazing (and frightening) how the culture on tax policy has evolved. Lowering taxes on the richest individuals in the country to spur investment used to be a very dubious notion across the political spectrum. Even George H.W. Bush ridiculed the concept, dubbing it "voodoo economics" when running against Reagan in the 80's. And yet, a generation later, Gary Cohn can advocate for that voodoo with apparently no need to persuade us at all, as if cutting taxes on the rich to spur investment is a direct cause/effect mechanism that we should just take for granted - never mind that none of the promises of those policies have actually come to fruition after 30+ years of legislating in that direction.
I don't even watch political stuff anymore for my country (Canada). I'm finding watching the happenings of The Donald and Company much more entertaining.
Cutting the capital gains tax is beneficial to any American who saves and invests money, it will also lead to more investment in businesses which will result in more jobs and higher economic growth. But it is important that the tax cuts are accompanied by a reduction to government spending. We must make cuts to entitlement programs and the military if we want to balance the budget.
If they were really so concerned about creating jobs, instead of cutting taxes, they would be investing in innovating our industries like energy and fuel. This is all about them lining their own pockets now that they've got the wheel.
Removing State taxes as deductibles is a way of discouraging States from covering areas no longer supported by the Federal Government. by increasing pressure from voters to low taxation because of being no longer being able to offset against Fedeeral taxes. It's gerrymandering plain and simple.
The tax brackets are not dissimilar to U.K. (For example). Whilst it pains me inheritance tax and capital gains tax are unfair (pay tax twice) The most crucial tax process told cracking down on avoidance
they are probably thinking "why do I need to offer a product to make money when I can just have laws passed that forces them to pay me for absolutely nothing"
You guys should make more of these videos available on Facebook. I like to watch the responses. They're usually not even relevant to the content of the video and someone always ends up mentioning something about Armenian genocide...
How is this "anti establishment" ???? All these Trump supporters keep saying that Trump is anti establishment and he keeps proposing tax cuts for corporations and the rich. An even bigger question is how can someone believe that a billionaire is anti establishment. A billionaire is establishment by definition.
G Washington Yes, the politician needs some amount of empathy to do his or her job.
If there is a difference, you can't use the businessman as a stand-in for the establishment on the campaign trail. Hillary gives a speech to Goldman-Sachs, while Trump gives actual tax breaks to Goldman-Sachs.
All this stuff in government is moving people further away from establishment politics. Trump just fooled people into thinking he was one of them. Expect more progressive candidates on the left, and even more regressive conservative extremes on the right.
lol like you even read or understood the tax cuts. Liberals are embarrassing. They don't understand how tax cuts can not only relieve the burden of having money taken from your pockets, but can create economic incentives to start more businesses or hire more people and allow people more money to buy more products and services. All of this is great for the economy.
John Bliss Trump another 4 years then...progresstards will never learn lol
If you're wealthy then you're going to love this..... anyone else no matter how you vote, your race or religion, we are all screwed!!
erick villagrana At the expense of gutting public services and increasing austerity? Here's a simple example of how those massive tax cuts actually hurt average people. Look at how much college tuition has exploded, I know some people believe republican nonsense about the government guaranteeing loans but that's just propaganda. College cost have went up because we've been cutting taxes for decades and that has to be compensated for somehow, so education budgets get cut. It's also why we have overcrowded K-12 classrooms and underfunded K-12 schools. The infrastructure is falling apart and now we have these same people who cut taxes massively proposing a public private partnership for infrastructure. Since the private partners have to get a return on investment, you get to pay tolls and parking meters. That's a tax you didn't need to have if we had a reasonable tax system that brought in the money to pay for the infrastructure. Instead the people who got the hugest tax breaks get to rip the rest of us off by investing the money into infrastructure which we get to pay tolls on. Are you really saving any money. I swear some people can't think pass their nose.
" Everyone will love this because everyone will pay less in taxes"
Watch the video and try to understand what they're saying stupid. Try using your brain for once in your life.
%71 of Federal Income comes from top %10 ............bottom %50 of Americans pay only %4 tax
Less taxes = big wall, big military, and infrastructure. #Trumplogic
Would you rather pay more taxes?
Nobody wants to pay more taxes, but it's the expense of living in a 1st world country, hence my previous comment.
How do you plan on paying for all that with less revenue?
Truth Be $old
You honestly think we need a military as powerful as this one to take out a bunch of ragged militants?
The soviet union was 100x more powerful then these pathetic "islamic terrorist" plus bombing the shit out of the middle east wont get rid of the problems there, it will only make them much worse and cause the locals to hate us even more.
We spend more then the next 10 largest military spenders combined, and most of them are our allies...
The military industrial complex has you by the crotch.
Jessman9000 I hate to say this but recently Ted Cruz has created a brilliant idea to budget the wall.
I think we should take a French approach to the ruling class.
Neither, too merciful
Feed them to the Lions!
No, all that plastic and silicon will upset the lion's stomachs.
I literally cried; a cry of laughter or a cry of pain, *WHO KNOWS??*
I hope one day you can be prosperous too ......but my friend our corporate tax rate is really high
The problem is tax deductions and TECH companies not paying their fair shares and companies who move their companies
overseas .
Hopefully people will realize trickle down economics just doesn't work after this disastrous tax plan is put into effect.
They've had more than 30 years to figure that out.
What source can you provide? Reaganomics or trickle down economics gave us a economic boom with Ronald. Have you actually done any real economic research or do you just parakeet what buzzwords you see.
well Obamas tax plan didnt do anything but raise taxes on all of us either so whats your point?
Carlos, Followed by a recession which in part led to the first bush losing to Clinton. Bush did the same all while fighting wars. That is why the economy collapsed and Obama had to help clean that shit up. You ALWAYS pay for a couple of years of false bloated 'economic boom'. Who always ends up having to clean that shit up?
The absolute stupidity of doing trickle down economics and the idiots that fall for that crap every time it's brought is mind numbing.
To hell with what it does to your children or grandchildren. Smh
Smh This can't be permitted to happen.
I think "trickle down economics" just means the owner class is going to piss on the labor class.
" just means the owner class is going to piss on the labor class"
And it will be golden!
Trickle down economics is a lot more different
Why do Americans want to have lower taxes wouldn't u want to have higher taxes so you have better public services... (I'm from Canada🇨🇦 )
Jordan Evans
Americans hate the notion of paying higher taxes because we don't get anything back from them as is.
So what's the solution? It's bad news, after bad news, with more bad news, and I'd like to know what action as a people we can seriously take to get our government back.
How about we stop spending so much on wars..
They need to budget hard and stop spending on useless shit, could spend less on military if possible. If they can budget it better and have his tax plan in effect, our deficit won't have to get really high.
TH3REDSP1R1T so your are OK for huge corporate tax breaks?
As a libertarian , I Agree with you STRONGLY!!!
"I don't live in an estate, I live in an apartment like a normal person" 😂 I felt that.
Aren't corporate taxes on net profit, not gross income? It always bothered me about the argument that cutting taxes increases corporate reinvestment in growing jobs. If the company needed/wanted to hire another worker, their wage is tax deductible isn't it? Need new equipment to expand the business? Deductions exist for that too? If a company really wanted to, almost everything they need to grow the business and economy is tax deductible isn't it? So why can't you tax them higher on actual profit.
Now where did I leave my pitch-fork??
I think sometimes when doing this story you should give some perspective on just how much "trillions of dollars" actually is. The average person struggles to comprehend it when they just hear a number. One trillion dollars is ONE THOUSAND BILLION DOLLARS. How much do you make in a year?
Is it possible to impeach an entire branch of the government?
the treasury secretary sounded like he was reading from a script for a infomercial...
I'm considering quitting my job and starting my own company.
But taxes are prohibitively high.
I estimated 28% in federal taxes + 15% payroll tax + mandatory unemployment insurance tax + state taxes. Even making 60k more gross, I stand to lose money, despite my risk. This is absurd.
How about we cut military spending and foreign aid to Apartheid Israel?
Yes and it's not fair
Did you have to get approval to use that clip since it's CSPAN? Just wondering what that process looked like.
We're screwed bigly
G Washington
and now we're screwed TREMENDOUSLY!
The issue is this: these people see a direct correlation between cutting taxes and economic growth. It is not direct!! There are other variables at work here: increasing demand; increasing productivity rate (it's been stagnant); household debt level; demand for credit; stock of human capital; wage rates etc.
90% of the country will see a couple percent decrease in their income taxes, and a higher increase in their overall cost of living...Standard Trickle Down Economics. I want to tell myself that people will finally wake up, but Ive been hoping for that for 25 years so far, and all we seem to do is repeat our same mistakes over and over and over and over and over and over
Do you have an estate? Yes we all do... if you're worth a negative amount you have an estate.
How is government gonna make up for the lost of revenue, taxes are used to fund government programs and services. Great Recession 2.0 here we come.
funny how they tell people they pay no tax on first $24000 but dont say hundreds of millions will be saved by billionaires while simultaneously changing laws and regulations to benifit who? the rich...
90-70% taxes for top threshold of income created an economic boom, not the war. This is what I just heard. Great logic.
This would propel the deficit up to nearly a trillion dollars a year, and skyrocket the Debt upwards to maybe over $30 trillion. It would bankrupt the country and possibly cause another great depression.
"Be sure to use clarity, accuracy, precision, relevance, depth, breadth, logic, significance, and fairness when tackling the claims of the opposition. Reason will be on your side if you can strike the opposition with any of those nine."
i can only blame the american people who voted for this man. i mean how could they not see this happening? A rich man looking out for the rich.
here's an idea, they bring that money back in at the standard tax rate, and you wont go to prison for tax evasion.
You often hear the argument that, "If we lower the corporate tax rate, then this will encourage business, which will mean that more companies are paying taxes, which will mean that the government collects more tax revenue in total." But if you're lowering the rate from 35% to 15%, then you would need the number of tax-paying businesses to MORE THAN DOUBLE to make up for the lost revenue. Is that even vaguely credible?
Atleast I'll soon be making millions selling pitchforks and torches...
If I turn that thing as an outline for my essay, my professors would tell me to redo it.
You can't educate people that believe thinkings too hard and just want to live in they're box.
Trump's donors just love him even more now. 💵 Hey Trumpsters, are you still winning?
erick villagrana u save 70 $ and the billionaire saves billions keep winning man.
Marco D stupid
Actually most of wall street firms and Giant Tech companies funded liberal Hillary Clinton not Trump !!!
This is the most terrifying bill from the Trump administration so far.
Trump drawing up a tax plan is like ants developing the new Raid formula
What's wrong with passing money on in the family? Thats something that motivates people to continue working hard even when they have money for themselves.
To be fair, Paris Hilton indirectly hired people at Vivid.
It sounds like they are getting rid of tax write-offs. As a small business owner, I am deeply worried. This plan will decimate small business.
The effective corporate tax rate right now is around 17%. What difference will 15% make!!!!!????? NOBODY EVER MENTIONED THAT EXCEPT JIMMY DORE AND LOU DOBBS!
You can't really compare the economic boom during the 50's and 60's to today. The rest of the world was still recovering from the effects of WW2, while the US was untouched. Our economic power was beyond what anyone else had at the time. This allowed the US to flex it's muscles and basically make money hand over fist. Now, we face more competition from all over the world. Being one of the highest, if not highest, rates of taxes on corporations, it has us at a disadvantage. It needs to come down quite a bit to compete.
6:45... "Genetic lottery" is not quite as adequate of a term as "inheritance lottery."
Taxes on foreign profits are a counter productive tool. The US should get rid of those, few other countries do that. It literally incentivizes investing abroad and off-shoring.
That said, cutting the corporate tax rate is offloading more of the tax burden onto the workers... historically there's a limit to how much the people will take.
oh shit Simpsons prediction is becoming more accurate
In Australia, they've defined 'small business' as having a net income of $50m.
What is a small business in the US?
Yeah, he's really "draining the swamp"! LMFAO!
For the Tax breaks, the government must sell more US bonds overseas and print more money. This is no different compared to QE after 2008. If the interest rate goes up then the Government will be unable to pay interest for the debts. Inflation is real and cash value will continue to go down, real rich people don't own much cash, they all hold assets and stocks. Old people that rely on saving and cash and pensions will be fucked. The cost of housing is definitive proof inflation is real. Also consumer goods is going up, which is supposed to be evidence against inflation. Iphone cost more every year!
how about tax cut only based on the jobs they create because even if they pay zero tax and if its cheaper to make their stuff in china they will still stay there
Yes you are totally right but because TECH GIANTS like Facebook or google or Microsoft that are most profitable
companies in U.S. are really smart and avoid paying taxes
Profits earned from foreign countries shouldn't be taxed, certainly not at 35%. These are often products that were never produced here in USA nor sold here in USA. So taxing it at that rate is a disincentive for anyone running a business, be it big or small. However we may put a string attached to that money, where a certain percentage of it is linked to contributing towards our infrastructure. Estate tax doesn't contribute much to the economy, and we should just forget it. Encouraging charity or incentives to do more charity would be a better way to balance whatever imbalances removing estate tax will do.
I'm gonna clean up in my new small business. Torches and pitchfork traveling salesman and distributor.
The thing they fail to say here is that on the estate taxes, there has already been tax paid on that money. Why should you have to pay tax again on the same money? Should I be penalized for having an estate to will my children? I've already paid my taxes on that money. Doesn't make sense.
Ironic how they put so much money on our military but they allow such an easy way for economical warfare
I think I am going to open a Pitchfork shop in USA now...
"Competitive rate" is business speak that doesn't mean a damn thing...I always heard that when I was applying for jobs: "Your salary will be a competitive rate" ...come to find out, the competition was for finding the lowest amount you're willing to accept.
Just a curious person. If your taxes are going to be cut but at the same time you plan to spend a lot in public infrastructure and defense from where the money will come?
Show me a corporation that pays 35% in taxes and I'll show you a corporation with a piss poor accountant.
Beat the trolls!
spoder man hates TYT what happened to your hat?
No chance for Le Pen, sorry comrade!
The Trolls just don't have it in them anymore.They lost faith in "CROOKED Don the CON , as even the BLIND Can See The Emperor Has NO Clothes.Ironically Sad AND Funny.
le pen, she is for increased welfare, only lowing taxes on the lowest 3 bands, ending tax evasion, lowering retirement age, 35 hour work week...nothing like trump, she just hates immigrants
Yes but Le Pen is in France, a more socialized nation. She's a conservative equivalent to American Republicans from the 40s to the 70s.
Spend 60% of the budget on defense, big tax cut for corporation.
What can go wrong?
No one payed 90%....., just like you insist corporations manage to pay almost no corporate tax despite the high rate.
Taxes have already been paid on the income made by parents who give money to their kids. You want to tax it again? It's not really relevant that they didn't earn it. It sucks that we get vapid wealthy do-nothing's, but it's not that big a deal. The government has no right to extort.
On principle, the estate tax is disgusting.
I would invest in pitch-forks as I see there stocks going up
Store food in the basement.
As much as you can.
estate tax is like double taxing. The person pays income tax when they first earn the money. You shouldn't tax then again when they want to transfer their wealth.
How can he say the number of tax brackets doesn't matter?!? The fewer the tax brackets, the more extremely the people at the lower end of the brackets will suffer, and the easier it will be for those towards the top of the bracket. ELIMINATE THE BRACKET SYSTEM!
What a joke. The idea of brackets isn't complex. Reducing the number of brackets doesn't reduce the complexity much.
A higher tax rate will create MORE JOBS, because higher taxes creates an incentive to reinvest your profits back into your business, which then becomes a non-taxable business expense.
Sounds like a big cut for corporations, and it is. Problem is that modern corporations of even modest size now trade globally and can shuffle profits easily from country to country. What countries are doing is racing to the bottom on corporate tax - the reason Ireland is full of people working for HP and Google. Why the UK is cutting it's rates too and the likes of Dubai or Vietnam never had high rates. Needs to be international cooperation to change things and that's not going to happen soon. So the US is just falling into line. Even Bernie would have been sensible to do this if he wanted corporations to stop fleeing the USA.
Trump supporters deserve him....I feel for the decent Americans though. Stand up.
The forgotten multinational corporations, and our donors, are forgotten no more!
My dog behaved like the POTUS! Watch 'Donald Trump Dog!' on TH-cam.
She even has the yellow hair that comes away in tufts!
Cenk if corporations are willing to leave money offshore at 35% what makes you think theyd ever bring it back if you raised the rates?
Here is the repatriation deal I would make. A 90% tax if you bring the money back now. If you don't bring the money back now, and we catch you with untaxed financial capital, you will get taxed at 100% and be thrown in prison. I would also hire an additional task force to the IRS specifically to go after this money.
Paris hilton did inherit her parents money when she was a child, but now for years now she said so wanted to separate herself from her parents money and start her business/empire selling fashion, perfumes, and opening Paris Hilton hotels. She hasn't taken any money from her parent in years, and the money shes earned on her own with her empire is about 1 million. The hilton fortune is billions of dollars, but she lives off the money she makes from her DJ gig (shes the highest paid dj in the world or at least was last year believe it ot not) and money from her empire. And yes i know she wouldnt have made it where she is today without her parent money in the beginning, But i respect her for not just living off it her whole life and actually doing something with it. Not to mention all the donations and philanthropy she does.
Thats just my 2 cents i hate it when people put her down cause she is famous for be famous but there's a lot more to her.
If you don't believe me or think i'm just a fan defending her please read this article. www.forbes.com/sites/dansimon/2014/06/04/paris-in-the-springtime-the-caricatured-ditzy-blonde-reinvents-herself-as-serious-entrepreneur-and-crushes-it/#c33eca8133ff
what is a bracket? When I file my taxes and look at the chart the IRS provides to determine how much in tax I should pay, there are way more than 7 items to search through. What is a bracket?
Shots have been fired! Johnny Pie starts a feud with Jimmy Dore! 13:30
What's wrong with passing money down to your kids? My money's already been taxed when I was alive, you have to tax me again after I die?
It's amazing (and frightening) how the culture on tax policy has evolved. Lowering taxes on the richest individuals in the country to spur investment used to be a very dubious notion across the political spectrum. Even George H.W. Bush ridiculed the concept, dubbing it "voodoo economics" when running against Reagan in the 80's. And yet, a generation later, Gary Cohn can advocate for that voodoo with apparently no need to persuade us at all, as if cutting taxes on the rich to spur investment is a direct cause/effect mechanism that we should just take for granted - never mind that none of the promises of those policies have actually come to fruition after 30+ years of legislating in that direction.
I don't even watch political stuff anymore for my country (Canada). I'm finding watching the happenings of The Donald and Company much more entertaining.
To be fair Paris did have a few semi successful reality TV shows and she pretends to be a singer and a DJ that almost counts as working
If cash is king, we need a new Magna Carta.
Cutting the capital gains tax is beneficial to any American who saves and invests money, it will also lead to more investment in businesses which will result in more jobs and higher economic growth. But it is important that the tax cuts are accompanied by a reduction to government spending. We must make cuts to entitlement programs and the military if we want to balance the budget.
Genetic lottery....love it. So true
If they were really so concerned about creating jobs, instead of cutting taxes, they would be investing in innovating our industries like energy and fuel. This is all about them lining their own pockets now that they've got the wheel.
It seems to me that since the Supreme Court has said corporations are people, they should pay the same tax that ordinary people have to pay.
Removing State taxes as deductibles is a way of discouraging States from covering areas no longer supported by the Federal Government. by increasing pressure from voters to low taxation because of being no longer being able to offset against Fedeeral taxes. It's gerrymandering plain and simple.
small businesses get the tax cut too. Sounds like that should make raising the minimum wage easier
Corporate welfare is very important, how else are they going to feed their children, if not with golden spoons?
Spend 60% of the money on defense, big tax cut corporations.
What can wrong?
It complements the buy American hire American act really well
The tax brackets are not dissimilar to U.K. (For example). Whilst it pains me inheritance tax and capital gains tax are unfair (pay tax twice)
The most crucial tax process told cracking down on avoidance
And it gets worse. I should of watched the whole thing before commenting.
Mark my words, this tax cut is going to have a great affect with the growth of our economy similar to President Reagan's tax plan.
they are probably thinking "why do I need to offer a product to make money when I can just have laws passed that forces them to pay me for absolutely nothing"
Actually dividend and capital gains taxes do hit small business owners.
You guys should make more of these videos available on Facebook. I like to watch the responses. They're usually not even relevant to the content of the video and someone always ends up mentioning something about Armenian genocide...
simple does not mean better. I don't want my brain surgeon to use an ikea manual, after all.
give it away, give it away, give it away, now.
Poor and middle class people pay even more if you factor in the cost of paying for private health insurance.