-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Lets see how tax revenues play out. All those bonuses and raises being handed out are taxable events.
-
And tax deductions for the companies. It’s a wash at best.
-
Not a "wash". Let's say I am sitting on several million dollars. Lets say I now use the new writeoff rules to take a couple of million of that and buy new computer equipment. Sure I get to write that couple of million off on my taxes, but it is income to the seller
-
You were talking about bonuses though, which is what I was responding to. That’s a wash for government revinue. The giver of the bonus gets to write if off on their taxes while the receiver of the bonus pays taxes on it.
-
But again, it is not a "wash" because if it came from money the company would have simply sat on, no tax would have been paid and individual tax rates are often higher than corporate. Also, the employee income pays tax on it, then spends it creating ANOTHER taxable event.
-
Once that money gets into circulation rather than sitting in the bank, it generates tax revenue every time it changes hands.
-
Tax revinue is already falling though. $10-15B less a month expected.http://www.washingtonexaminer.com/cbo-moves-debt-limit-deadline-up-to-first-half-of-march-thanks-to-gop-tax-cuts/article/2647708 …
-
False. Latest month for which data are available (Dec 2017) showed revenue was up from Dec 2016 by $27 billion. Anyone claiming to have any specific knowledge of post tax cut numbers is talking through their pants. The numbers are not in yet.
- 2 more replies
New conversation -
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Good. Vote majority Republicans in office then they can reduce the deficit.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
We don’t ever get to complain about spending after the
#GOPTaxScamThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
not
. E-mail: llitvan@bloomberg.net