How Trump pro-business attitude will add nearly ...........

[healthmyths]

Job creation in April bounced back from a disappointing March, with nonfarm payrolls growing by 211,000 while the unemployment rate fell to 4.4 percent, its lowest since May 2007.
BIG BEAT: US posts strong jobs gains across the board

The median annual income $51,939.
Household income in the United States - Wikipedia
Payroll taxes paid by employee:6.2% Payroll taxes by employer: 6.2%
Total 12.4% on $51,939 = $6,440 per year paid in payroll taxes
1,266,000 jobs added in 6 months X $6,440 =$8,153,591,976 per year in payroll taxes ALL going into Federal Receipts.

Now if Trump can continue to add 211,000 jobs per month over the next 6 months that's going to add
$8.1 billion per year just in payroll taxes from 1,266,000 new jobs.
And that's just in payroll taxes.
Deduct unemployment benefit payments of 60% of $51,939 or $2,596/month for nearly 2 years:
or almost $60,000 for 99 weeks.
lwd.dol.state.nj.us/labor/ui/calc/figbenamt.html
$60,000 unemployment payments discontinued times 1,266,000 means over $75 Billion in SAVINGS!

Then to use the multiplier effect:
The economic multiplier states for every $1 million spent, IT is multiplied by 1.18 or the economy grows with that $1 trillion to $1.2 trillion.
• $1.188 million in total economic activity takes place for every $1 million spent..
• Each $1 million spent provides $205,829 in labor incomes
• Each $1 million represents 7.7 workers and assuming 35% (payroll taxes, FICA, FUTA, Medicare, SS)

http://www2.econ.iastate.edu/research/webpapers/paper_13143.pdf
So with in 6 months adding 1,266,000 NEW jobs meaning
A salary at $52,000 annually. take home $32,452.80.
52k Salary, 32k take home? Is this right? • r/personalfinance
1,266,000 new jobs take home pay $32,452 means adding nearly $50 billion from these new job holders!

Total affect:
$8.1 Billion in payroll taxes
$75 billon in savings from no longer paying unemployment benefits
$50 billion added to GDP...
All because a President is a PRO-Business president...not a President who said:

- Obama wanted to bankrupt 1,400 companies, that pay $100 billion a year in taxes and unemployed
450,000 people that work for these companies! (Obama told us he favored a "single payer health
system"... so what happens to the above?)
- " if somebody wants to build a coal plant, they can – it’s just that it will bankrupt them.”
(Pretty easy way of increasing unemployment.)
- "I prefer higher gas prices". (And Obama signed 40% fewer Federal oil lease exploration then Bush).
- Trump will never tell a foreign country such as "Brazil to develop oil and that the USA will be
their best customer"!
- "Under my plan of a cap and trade system, electricity rates would necessarily skyrocket." (That certainly puts a dent in the pocketbook..._

 

[candycorn]

And no mention of interest rates or inflation….

 

[healthmyths]

And no mention of interest rates or inflation….

Nope. While part of the over-all consideration in this specific aspect of Trump activities I was addressing strictly the tax revenue consequences i.e. Payroll taxes
that are consider part of all revenue coming into the federal government.
Since most ignorant people DON"T know that the employer matches the SS/Medicare payments deducted from the employee's check this 12.4% additional
revenue into federal coffers is directly beneficial.

Now as far as interest rates.
They will definitely most assuredly GO down! Reason?
Repatriation of the nearly $2 trillion off-shore money with corporate taxes dropping to 15% will mean that money will have to be parked in US banks,securities,etc.
Again making borrowing less expensive and thus hiring more people,building more facilities,etc.

Inflation... Yes that is a possibility.

 

[edthecynic]

Job creation in April bounced back from a disappointing March, with nonfarm payrolls growing by 211,000 while the unemployment rate fell to 4.4 percent, its lowest since May 2007.

Fake numbers according to Tramp, which will be "revised" down like last month's 98,000 jobs revised down to 79,000. Meanwhile there are 94 million not working, up 162,000 who according to Tramp have just given up because the Tramp economy is so bad, but are suddenly counted as employed by Tramp.

"We have 93 million people out of work. They look for jobs, they give up, and all of a sudden, statistically, they're considered employed."
- Donald J Trump Aug. 28, 2015, On Point With Sarah Palin

 

[healthmyths]

Job creation in April bounced back from a disappointing March, with nonfarm payrolls growing by 211,000 while the unemployment rate fell to 4.4 percent, its lowest since May 2007.

Fake numbers according to Tramp, which will be "revised" down like last month's 98,000 jobs revised down to 79,000. Meanwhile there are 94 million not working, up 162,000 who according to Tramp have just given up because the Tramp economy is so bad, but are suddenly counted as employed by Tramp.

"We have 93 million people out of work. They look for jobs, they give up, and all of a sudden, statistically, they're considered employed."
- Donald J Trump Aug. 28, 2015, On Point With Sarah Palin

From this official source: https://www.bls.gov/news.release/pdf/empsit.pdf
So per the Bureau of Labor Statistics
We saw since the first of the year:

 

[edthecynic]

Job creation in April bounced back from a disappointing March, with nonfarm payrolls growing by 211,000 while the unemployment rate fell to 4.4 percent, its lowest since May 2007.

Fake numbers according to Tramp, which will be "revised" down like last month's 98,000 jobs revised down to 79,000. Meanwhile there are 94 million not working, up 162,000 who according to Tramp have just given up because the Tramp economy is so bad, but are suddenly counted as employed by Tramp.

"We have 93 million people out of work. They look for jobs, they give up, and all of a sudden, statistically, they're considered employed."
- Donald J Trump Aug. 28, 2015, On Point With Sarah Palin

From this official source: https://www.bls.gov/news.release/pdf/empsit.pdf
So per the Bureau of Labor Statistics
We saw since the first of the year:

View attachment 124924

All fake, by Tramp data UE is over 40% and rising.

 

[Siete]

Trump repeatedly claimed during the campaign that the federal government was understating the real unemployment rate.

"Don't believe these phony numbers," Trump told supporters early last year. "The number is probably 28, 29, as high as 35 [percent]. In fact, I even heard recently 42 percent."