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corporations screwed US taxpayers out of an extra $91b in revenue in 2018 under the GOP tax scam bill

Posted by: professor zovek (a.k.a mickpix) on Jun 01, 15:39

https://www.yahoo.com/news/corporations-paid-91-billion-less-in-taxes-in-2018-under-trumps-tax-law-160745447.html

corporations screwed US taxpayers out of an extra $91b in revenue in 2018 under the GOP tax scam bill professor zovek Jun 01, 15:39

"corporations lowered their effective tax rate to just 7% — the lowest since 1947" {nm} professor zovek Jun 01, 15:39

Yes, Captain Obvious, the tax rate was lowered on business. And it was a roaring success! More people are working, the economy is booming! {nm} PhoneHome Jun 02, 04:12

Obama could have said, more people are working than ever before in 2014, 2015 and 2016. More people are working than ever before tatoufan Jun 02, 07:36

But Obama could not say fewer people are unemployed than in the last 49 years. No trick wording needed. The economy is booming, period. {nm} PhoneHome Jun 02, 07:54

I said, Obama could have said, more people are working than ever before in 2014, 2015 and 2016 (because it was true). tatoufan Jun 02, 08:33

I think the trade wars will eventually force better deals for the US and provide security for a strong US economy for years to come. {nm} PhoneHome Jun 03, 07:31

lol {nm} professor zovek Jun 03, 10:55

but all the supply-side bull**** that GOP's been peddling for 50 years says that if you lower rates, tax revenues will actually increase professor zovek Jun 02, 08:51

Business investments happened during the year. Employment went up during the year. No time to see full affect. Tax cut was immediate. PhoneHome Jun 02, 09:27

the federal deficit has exploded since the GOP tax scam because it blew a hole in revenues, just like Kansas professor zovek Jun 02, 09:35

Making it up as you go. Simply untrue. 4% increase compared to Obama 9.8%, 8.6, 8.3, 6.7%. That was explode. 2018 Highest tax revenue ever. {nm} PhoneHome Jun 02, 22:38

Deficit by year including Obama super-explosion years PhoneHome Jun 03, 05:54

From 1980 to 90 revenues doubled. Again from 1990 to 2000. From 2006 to 2016 they went up <40%. {nm} forlorne Jun 03, 14:07

Obama could have said, "more people are working than ever before in 2014, 2015 and 2016." Since it was true. tatoufan Jun 02, 07:38

correct. the job gains started in 2010 and have increased steadily ever since. like his daddy's tax fraud money, POTUS just inherited them professor zovek Jun 02, 08:49

Yep, he's a fraud. And can't take all the credit for job growth. {nm} tatoufan Jun 02, 09:12

It's clear this is personal for you and I actually get that. Trump is an egotistical a$$. But the policy is sound. It has, and will continue PhoneHome Jun 02, 09:29

Tax revs may be huge in 2019, but corporations will pass on their tax burden to consumers who will foot the bill. {nm} tatoufan Jun 02, 09:59

Historically in the US higher taxes on the wealthy and corporations have lead to (inside) DTravel Jun 02, 10:44

Personal? not here. {nm} tatoufan Jun 02, 12:04





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