We can count on CNBC to keep us uninformed on corporate tax policy. They want to make sure we don’t know that what corporations actually pay after all their tax breaks is very small compared with the ostensible corporate tax rates
Corporate taxation is DIVISIBLE amongst its INCORPORATORS, its employees, since it is for their RETURN of INCOME, from WITHOLDING of TAXES.*****IMPORTANT***** NON AI Standards of Excellence for Businesses, Incorporation of By-Laws as well as TAXATION measures, importance and TABLE of TAX RATE.."*******IMPORTANT********
Mick literally said, the tax cuts were good because we brought in more revenue, was that because of the cuts or because the economy expanded, we don't know. How can you say the tax cuts were good if the reason why they are good, more revenue, may have nothing to do with the cuts at all?
@@TettyBoyFloyd better than the hands out they give the ultra wealthy- at least the blacks use it in the economy to help increase demand, which actually does produce jobs
Corporations are not small businesses in the parlance of the market. When stock buy backs and record profits are happening. Corporations can afford a tax hike. The tax cuts caused increased deficit spending, period. Raising will not curtail investments.
Corporate taxes shouldn't be 6% of total revenue. It should be higher. We don't want the private sector to do something with it. All they do is share buybacks and dividends. We certainly want the government to have that money to provide housing, education, and health care.
Stop falling for the myth that all costs are passed on to the consumer. There is no magical profit fairy setting profits at 15% no matter what. Very very very often, when a company has increased expenses, their profit margins contract. Instead of them being able to pass on costs.
A 30% increase on corporate taxes would significantly impact the budget. Even if they only contribute 6% to the total, a 30% increase to $400B is an extra $130B a year. The argument that heavier taxes shouldn't be levied on corporations because individuals pay the lions share of taxes is ludicrous. That's straight from the scummy manager handbook: Burden your best worker all the work instead of having the rest of the team start pulling their weight.
I think 20-25% is pretty fair corporate tax rate. So really whether Kamala Harris or Trump is elected do not expect much change on that front. Even if Harris is elected seeing the corporate tax go to 28% as she said is unlikely. It would not pass. The things to discuss right now are the wealth tax and tariffs. That is really where the money is if the US govt. wants fairness in taxation and some tax dollars. I mean 4 trillion is the US trade number and the private wealth is phenomenal, anybody's guess and those are perpetual. Now of course how much of it can be taxed is pretty challenging. Taxation works best on source and not on store. Lets see how things change in 2025. i think this is why Elon Musk has joined the Trump campaign to become the Treasury Secretary. But good for a change the other Secretaries of the Union will be observed and the focus will not be on just the Secretary of State as it has been for decades.
Honestly, I don't understand why you're discussing these dubious schemes. There are plenty of options like Unimantic and similar ones that are fast and profitable.
omgy america wa at its best in the 50;s when the tax rate was over 59% then big business started to take over, they got rich jobs went over seas and the poor r were they r now
stocks have literally went down the last 2 weeks, except for tech.....on GREAT economic DATA......literally every reason stocks sohuld be sky high...yet they have went down for the last 2 weeks??? how?? espically if ther market is supposed to go up more then down, how is this possible???
Are you really this dumb? The S&P has gone up 15% in 6 months. Do you realize how special that is? Keep looking at your 2 week data, guys like you make the rest of us wealthy
We can count on CNBC to keep us uninformed on corporate tax policy.
They want to make sure we don’t know that what corporations actually pay after all their tax breaks is very small compared with the ostensible corporate tax rates
and they get the us military for free, make them go back to Pinkertin guards
corporations only contribute 6% to the total tax revenue. Yes, they need to be taxed at least 30% in my book.
Then they raise the price of goods to cover the tax
Yup people don’t think when they talk
All that does is pass that cost to consumers. Clown.
Corporate taxation is DIVISIBLE amongst its INCORPORATORS, its employees, since it is for their RETURN of INCOME, from WITHOLDING of TAXES.*****IMPORTANT***** NON AI Standards of Excellence for Businesses, Incorporation of By-Laws as well as TAXATION measures, importance and TABLE of TAX RATE.."*******IMPORTANT********
@@Rod-bp8ow uh huh
If corporations can buyback stocks to pay CEOs more, they can pay more taxes.
Too many incompetent, uninspiring people in politics, business, and entertainment. Virtue signaling is no substitute for competence.
Stop voting R and that won’t be such a problem
@@SigFigNewton as if Ds been any better
@@shadowsmith89123 at the state level they are. As measured by my politics.
Tax the CEOs
To what they were in 1950
Corporate taxes should be at the rate we pay! Why should they pay less?
As TAXATION IS DESIGNED for Businesses and in all transactions, it is IMPORTANT.*****
Mick literally said, the tax cuts were good because we brought in more revenue, was that because of the cuts or because the economy expanded, we don't know. How can you say the tax cuts were good if the reason why they are good, more revenue, may have nothing to do with the cuts at all?
Mick might be the dumbest guest CNBC has ever had . Joe loves him because Mick makes Joe look like Neil deGrasse Tyson .
Yes , but us old guys with real money like Joe .
Mick has a dried out gourd for a head.
Full blown big corp channel....
It doesn't matter which one is better on taxes when one does not understand that we the people decide who stays in power
I wish Joe would just just retire. Dude is such a maga dope
Yeah , but us old guys with money like him .
I agree. He should just shut up and let the guest answer.
@@TettyBoyFloyd better than the hands out they give the ultra wealthy- at least the blacks use it in the economy to help increase demand, which actually does produce jobs
Joe, ask a question & let the liberal answer FIRST. When it comes to FACTS liberals are lost. All liberals do is counterpunch no facts.
Corporations are not small businesses in the parlance of the market. When stock buy backs and record profits are happening. Corporations can afford a tax hike. The tax cuts caused increased deficit spending, period. Raising will not curtail investments.
Corporate taxes shouldn't be 6% of total revenue. It should be higher. We don't want the private sector to do something with it. All they do is share buybacks and dividends.
We certainly want the government to have that money to provide housing, education, and health care.
Troll attempt is too obvious.
God it’s impressive to see the number of idiots in this comment section that believe that we should “tax the rich”, as if the wealthy don’t pay taxes
How about no income tax, but a consumption tax.😂
It's regressive. It will hit the lower and middle class more.
Stock buybacks and dividend payments to investors that produce nothing on their own is definitely better for the economy! Sarcasm.
Kim Anh : Economic success is my happiest .
Tariff revenue can be used to lower the corporate tax rate.
I hate that this is even being framed as a question. Then they wonder why they get called fake news 🙄
corp taxes = personal taxes, public pays it
False
Stop falling for the myth that all costs are passed on to the consumer. There is no magical profit fairy setting profits at 15% no matter what. Very very very often, when a company has increased expenses, their profit margins contract.
Instead of them being able to pass on costs.
A 30% increase on corporate taxes would significantly impact the budget. Even if they only contribute 6% to the total, a 30% increase to $400B is an extra $130B a year.
The argument that heavier taxes shouldn't be levied on corporations because individuals pay the lions share of taxes is ludicrous. That's straight from the scummy manager handbook: Burden your best worker all the work instead of having the rest of the team start pulling their weight.
Excuse me $120B per year
Supply siders have had their way with economic policies since 1981 and it’s been a complete disaster for the working class
TAX THE RICH!!! MAKE THEM PAY THEIR FAIR SHARE!!!
STOP THE LOOPHOLES!!!😡
I think 20-25% is pretty fair corporate tax rate. So really whether Kamala Harris or Trump is elected do not expect much change on that front. Even if Harris is elected seeing the corporate tax go to 28% as she said is unlikely. It would not pass.
The things to discuss right now are the wealth tax and tariffs. That is really where the money is if the US govt. wants fairness in taxation and some tax dollars. I mean 4 trillion is the US trade number and the private wealth is phenomenal, anybody's guess and those are perpetual. Now of course how much of it can be taxed is pretty challenging. Taxation works best on source and not on store. Lets see how things change in 2025. i think this is why Elon Musk has joined the Trump campaign to become the Treasury Secretary.
But good for a change the other Secretaries of the Union will be observed and the focus will not be on just the Secretary of State as it has been for decades.
You can tax them 100%, there will still be loopholes. ✅
Which is better for the economy, increase taxes to what they were in1950 when the economy was booming
Honestly, I don't understand why you're discussing these dubious schemes. There are plenty of options like Unimantic and similar ones that are fast and profitable.
Why does CNBC allow Joe to shove his opinion down the throat of the viewers and the gas question
omgy america wa at its best in the 50;s when the tax rate was over 59% then big business started to take over, they got rich jobs went over seas and the poor r were they r now
What a stupid question. More taxes or less taxes?
Trump 2024 : Three in a row
The bottom line with Mick❤
Boy!!!! if you Dont Get your "wiley colouring book backed"!
What the heck is "legitimate wealth"??? He says it @2:05
It's whatever the people with old money say it is.
He means the wealth he inherited from his father.
Another nail in Brandon’s political coffin.😂
Ah ok , Trump bad , Russia Russia Russia , convicted felon , convicted felon . I’m tired of the same old CIA talking points.
😂😂😂😂😂
Hey Joe --I was completing a sentence--now let me talk forever.
Joe never shuts up. He’s a mouth piece for maga. As a host you don’t invite a guest on just to give them your opinion, that is dumb
We need to get rid of income tax and raise our tariffs
stocks have literally went down the last 2 weeks, except for tech.....on GREAT economic DATA......literally every reason stocks sohuld be sky high...yet they have went down for the last 2 weeks??? how?? espically if ther market is supposed to go up more then down, how is this possible???
Are you really this dumb? The S&P has gone up 15% in 6 months. Do you realize how special that is? Keep looking at your 2 week data, guys like you make the rest of us wealthy
Trump!!!👍
Marco Rubio got the rate raised from 20 to 21 lol... Only reason is he's looking to run for president in the future