The Official Trump is Doing Awesome Thread

[Chris]

[Chris]

[AaronY]

couldn't a bot just copy and paste the stuff from R/TheDonald onto here Chris? then you could be freed up to do more advanced things like figure out how soon netflix will be out of business

[AaronY]

time management bud..time management

[Chris]

Junior

[rmt]

it says cbo.

I've got a ton of housework to do, and I'm not using up my precious weekend time looking up something that he could easily post. And unlike others, I'm not going to comment without seeing what criteria they're using. What kind of le is "How much each family or taxpayer gains or loses" - imo, big difference between family and taxpayer - like how many kids, is it 2 adults or one wage earner w/kids?

[Reck]

couldn't a bot just copy and paste the stuff from R/TheDonald onto here @chris? then you could be freed up to do more advanced things like figure out how soon netflix will be out of business

[Spurminator]

You will get nothing of value from this person. You are in essence arguing with a brick wall.

This is an example of a pot calling a kettle a pot.

Also, the first pot is an idiot.

[Blake]

Pavlov is a troll. You will get nothing of value from this person. You are in essence arguing with a brick wall.

^ then proceeds to build a wall of worthless memes

[Chucho]

^ then proceeds to build a wall of worthless memes

To be fair, while totally random, that might be the best run of them he's had.

[Quadzilla99]

This is an example of a pot calling a kettle a pot.

Also, the first pot is an idiot.

Lmao

[boutons_deux]

[clambake]

I've got a ton of housework to do, and I'm not using up my precious weekend time looking up something that he could easily post. And unlike others, I'm not going to comment without seeing what criteria they're using. What kind of le is "How much each family or taxpayer gains or loses" - imo, big difference between family and taxpayer - like how many kids, is it 2 adults or one wage earner w/kids?

its right there at the bottom of the chart.

geez

[Blake]

I'd like to see Pavlov's explanation too. Here's a previous post of mine:

Let's use the average US median salary of $44148 rounded down to 44k for ease:

Current taxes for 2017 (single filer)
44000 - 10400 = 33600 taxable income
0-9325 taxed at 10% = 932.50 tax
33600-9325 = 24275 taxed at 15% = 3641.25 tax
932.50 + 24275 = 4573.75 total tax

Trump's plan
44000-12000 = 32000 taxable income
32000 taxed at 12% = 3840 total tax

As far as I know $3840 < $4573.75

It's a disgrace that this article is being passed around to all the media outlets without some one at least checking the math. I don't believe everything I read, and I always check my math especially when it comes to money.

https://www.forbes.com/sites/kellyph.../#db6e78570175

700 US companies now located in Ireland as direct investment soars

A major draw for US firms is Ireland’s low 12.5% corporation tax rate and numerous controversial tax breaks

https://www.theguardian.com/world/20...-us-investment

This article was back in Mar 2015 - so probably more than 700 companies by now. It's a multi-fold problem - the companies employ 130,000 (as of this article - probably more now) - plus the supporting businesses (you know, all those restaurants/commercial real estate/cleaners - other jobs for the middle class and poor). And when these companies move to Ireland, they pay corporate taxes (12.5%) to Ireland - not to the US (38.9%).

The U.S. Has Highest Corporate Tax Rate Among Major Economies

This year, the U.S. has the highest top statutory corporate tax rate among nations in the Organization for Economic Cooperation and Development (a group of advanced economies). The U.S. rate is at 38.9 percent, which reflects the top U.S. federal rate, combined with average state and local taxes. Here’s how that stacks up to other nations’.

0%
10%
20%
30%
40%
38.9%
34.4%
34.0%
30.2%
30.0%
30.0%
30.0%
29.5%
29.0%
28.0%
27.8%
27.1%
26.7%
25.0%
25.0%
25.0%
25.0%
24.2%
24.0%
24.0%
22.0%
22.0%
21.1%
21.0%
20.0%
20.0%
20.0%
20.0%
19.0%
19.0%
19.0%
19.0%
15.0%
12.5%
9.0%
United StatesFranceBelgiumGermanyAustraliaMexicoJapanPort ugalGreeceNew ZealandItalyLuxembourgCanadaAustriaChileNetherland sSpainKoreaIsraelNorwayDenmarkSwedenSwitzerlandSlo vak RepublicEstoniaFinlandIcelandTurkeyCzech RepublicPolandSloveniaUnited KingdomLatviaIrelandHungary
Source: OECD
Credit: Danielle Kurtzleben/NPR

https://www.npr.org/2017/08/07/54179...e-in-the-world

Sorry, can't get it to format properly but you can look at the table in the article - it clearly has US at the top with 38.9% and Ireland at second to the bottom at 12.5%.

And that's really rich coming from you about me believing the crap I'm fed after YOU posted that Forbes article loaded with falsehoods which I debunked.

I've got a ton of housework to do, and I'm not using up my precious weekend time looking up something that he could easily post.

Lol

[Brazil]

speaking of fake... the idea of US being more taxed than other nations is quite hilarious... if you ever work for an international company in finance you know as everybody knows that US before this tax cut is, outside tax heavens, one of the most favourable for people and companies in terms of tax. Compare effective tax rate of US companies to any European companies

A car in US costs like 30 % lower than in Europe same goes for gas, electronics, clothing etc... anything mostly because of tax burden. On a side note I'm all for a massive tax cut, gonna increase consumption of chinese and european products

Short term it's gonna boost US economy, long term its probably gonna create inflation, interests rate increase... and eventually the bill will come. next US generation is pretty much ed

[Brazil]

also I lived in US and I never paid so little tax in my entire life... at first I thought it was a joke... I also love the if you spend time outside US for business more than x% of your time you can deduct dat from your taxes... got to love some US tax system tbh

[rmt]

its right there at the bottom of the chart.

geez

Nope - the chart is NOT from CBO. That chart is PBS's interpretation (which I trust about as much as I did that Forbes article) of another CBO chart. Haven't had time to deeply delve into them.

The CBO report, which came out Sunday, was unusual because it does not just look at the Senate bill’s impact on people’s taxes. It also analyzes spending cuts the GOP tax plan would trigger, and how those cuts would affect the rich and poor. (more CBO's estimates - guesses, I call them)

As you will see, our analysis of the new data shows the Senate Republicans’ bill would move resources away from lower-income Americans and toward upper and upper-middle class Americans.

https://www.pbs.org/newshour/politic...n-three-charts

https://www.cbo.gov/system/files/115...dationssfc.pdf (I assume PBS is basing their chart on CBO's totally different chart page 10).

[Chris]

Nigel Farage 1 hr ·
‪Trump has got his travel ban and tax reform through in a matter of days.
Spare a thought for the liberal left at what must be a very difficult time for them.

Prayers for the Left

[Pavlov]

Prayers for the Left

What does Steve Bannen say?

[boutons_deux]

GOP donors wanted to buy out Trump after ‘Access Hollywood’ — but were told price was $800 million

Top Republican donors sought to buy out Donald Trump from the presidential campaign after the “Access Hollywood” tape — but the cost proved to be too high.

According to an Atlantic profile of Vice President Mike Pence, a small group of GOP billionaires asked a Trump associate how much money the former reality TV star would require to walk away from the campaign.

The associate told them Trump would need at least $800 million to end his campaign, according to a person with knowledge of the talks.

https://www.rawstory.com/2017/12/gop...e+Raw+Story%29

[boutons_deux]

Mike Pence’s wife finds Trump ‘reprehensible’ and ‘totally vile’: ex-campaign aide

Karen Pence, the wife of Vice President Mike Pence, found herself completely horrified when she watched Donald Trump’s infamous “Access Hollywood” tape in which he bragged about grabbing women’s genitals.

In fact, according to a profile of Vice President Pence written by The Atlantic’s McKay Coppins,

Karen Pence wanted to see her husband take over the Republican Party’s nomination for the presidency in the wake of the “Access Hollywood” tape, and

it wasn’t just due to political opportunism.

“She finds him reprehensible—just totally vile,” one ex-campaign aide told Coppins.

Coppins reveals that the Republican Party was working on ways to make Pence its nominee shortly after the “Access Hollywood” tape came out, and

had even started batting around the idea of drafting former Bush Secretary of State Condoleeza Rice to be his running mate.

https://www.rawstory.com/2017/12/mik...e+Raw+Story%29

[boutons_deux]

Secret Service Employs Five Body Doubles For Donald Trump As Death Threats Mount
Agency says political decoys are needed to guarantee the safety of the president in a variety of dangerous situations

https://extranewsfeed.com/with-threa...s-72b17b07427d

[da_suns_fan]

Why don't you show where my math is wrong? Please show your numbers on where the average/median US wage earner is going to have a tax increase. That article is WRONG on so many levels from its math to it implying than an increase in a DEDUCTION is a bad thing for the tax payer? Yes, in this case, the media is wrong and you people continue to believe it without checking the math and PERPERTUATE the falsehood by passing around articles like this. FYI, this plan goes into effect for 2018 so, no, people will not have done their taxes under this plan when they vote in 2018.

The Congressional budget office is not "the media". They are career statisticians whose job it is to figure this stuff out. Now, MAYBE their math is wrong and you are right, but I'm not going to vote for repubs pushing a trillion dollar deficit hike so people like myself can maybe get a tax cut whereas the Paris Hiltons of the world are guaranteed to see a huge windfall.

[rmt]

The Congressional budget office is not "the media". They are career statisticians whose job it is to figure this stuff out. Now, MAYBE their math is wrong and you are right, but I'm not going to vote for repubs pushing a trillion dollar deficit hike so people like myself can maybe get a tax cut whereas the Paris Hiltons of the world are guaranteed to see a huge windfall.

My response (post #5762) refers to your comment (post #5761) about a Forbes article that Pavlov posted:

I'd like to see Pavlov's explanation too. Here's a previous post of mine:

Let's use the average US median salary of $44148 rounded down to 44k for ease:

Current taxes for 2017 (single filer)
44000 - 10400 = 33600 taxable income
0-9325 taxed at 10% = 932.50 tax
33600-9325 = 24275 taxed at 15% = 3641.25 tax
932.50 + 24275 = 4573.75 total tax

Trump's plan
44000-12000 = 32000 taxable income
32000 taxed at 12% = 3840 total tax

As far as I know $3840 < $4573.75

It's a disgrace that this article is being passed around to all the media outlets without some one at least checking the math. I don't believe everything I read, and I always check my math especially when it comes to money.

https://www.forbes.com/sites/kellyph.../#db6e78570175

The one from PBS with CBO listed as the source comes later from Splits (post #5770).

[rmt]

If the median US single filer wants to believe above false article and pay over 19% more tax under our current plan, so be it. And if you want to believe the CBO (which was off [22 million instead of actual 10.4 million] by a magnitude of 111% in Obamacare exchange enrollment estimate), go ahead.