Only 13% of business' tax cuts are going to workers, survey says

[Wyatt earp]

So now you saying poor people don't create jobs?


Gottcha...

I’m pointing out the rich kill too.

You're pointing out how easy I can set you up..

You seem really confused...

What a little mind you have ...

What a confused mind you have....

Answer the question peanut brain...because you won't

 

[Skull Pilot]

And yet you vote for people who don't

I vote against those who have shown they dont.

So you voted against Obama?
You voted against your senators and congressmen who voted to raise the debt ceiling?

That’s how it works. I don’t just bitch like you.

I noticed you didn't answer the question and I'm not bitching about the debt because IDGAF about the debt no one does.

All I care about is keeping as much of my own money as I possibly can

If debt collapses our currency you will have much less.

And you still didn't answer my question.

We have a long way to go before debt collapses the economy and I probably won't be around by then

 

[jc456]

I have never met a poor man who created jobs....

Liberals continue to condemn the tax cuts being given to the owners of companies who used that money to come back to the US, to create more jobs, to created full-time jobs, to give their employees raises, to give their employees bonuses...owners who have helped Trump create an economy stronger than we have seen in DECADES.

This all happening as a result in investing in and giving those who create jobs and opportunities like this completely escapes the Democrats, who see all of this money - which they consider to be THEIR money - flowing back into the hands and pockets of Americans, and immediately fear the realization that this success is making Americans more successful, more independent, and LESS dependent on them!

I don’t see it. What are you basing all that on? Labor force participation low, wages growth low, first quarter was only 2.2% growth, and deficits are growing.

name a poor man that created a job!!!!

 

[Brain357]

I have never met a poor man who created jobs....

Liberals continue to condemn the tax cuts being given to the owners of companies who used that money to come back to the US, to create more jobs, to created full-time jobs, to give their employees raises, to give their employees bonuses...owners who have helped Trump create an economy stronger than we have seen in DECADES.

This all happening as a result in investing in and giving those who create jobs and opportunities like this completely escapes the Democrats, who see all of this money - which they consider to be THEIR money - flowing back into the hands and pockets of Americans, and immediately fear the realization that this success is making Americans more successful, more independent, and LESS dependent on them!

I don’t see it. What are you basing all that on? Labor force participation low, wages growth low, first quarter was only 2.2% growth, and deficits are growing.

name a poor man that created a job!!!!

Why?

 

[Toddsterpatriot]

How is depletion of an oil deposit different than depreciation? How is exploration expense not an expense to be written off, like any other business expense?

Can depreciation exceed the value of the original investment? The depletion allowance can. And normally you depreciate a building that someone built. Nobody "built" the damn oil that has been sitting in the ground for millions of years.

Because no one built it, it can't be depleted?

Come on, use your head. I already told you how it was different. The depletion allowance can exceed the value of the original investment, which is total bullshit and makes no sense whatsoever. How can you justify that? In your example the depletion allowance would have been three million dollars. And it could be three million dollars in perpetuity. I mean why don't I get a depletion allowance for the gasoline I buy for my business. I fill up, it costs forty bucks. I write off the forty bucks and then, well hell, I guess I should get a depletion allowance because that gas gets depleted.

The gross income was 20 million. That doesn't allow 3 million a year, forever. That allows a total of 3 million.

For that one year. The next year, say the oil wheel explodes and results in 100 million dollars in income. The depletion allowance is 15 million. Or let's just say the oil produces 20 million a year for twenty years. Well, that is a three million dollar depletion allowance each and every year. Now, I have stated that the difference between a depletion allowance and depreciation is that the depletion allowance can exceed the value of the original investment. Unlike depreciation, or even normal expenses, the depletion allowance is not limited to the cost of the property.

And if you want to support the depletion allowance then you better not ever, EVER, call yourself a supporter of "free markets". The depletion allowance results in ineffective allocation of resources, it distorts markets, Today, this very day, there are hundreds of wells operating at what would be a loss, or at production levels so low they do not justify continued extraction BUT FOR the depletion allowance. Hell, sometimes they are sold as "investments", not for the value of the oil extracted, BUT FOR the damn depletion allowance. Since the depletion allowance is calculated on gross revenue it both subsidizes, and encourages, all the cost associated with oil production. From the foreman's salary to the equipment. And you guys bitch about clean energy subsidies. Talk about cognitive dissonance.

My example only had 20 million in production. Sorry if that was too complex for you.
Now, when you get a chance, explain how the allowance, which is capped at the net income of a well, results in misallocation of resources?
If you want to push for not taxing "green energy" profits, go for it. The taxpayer would save billions in actual handouts that do distort markets.

 

[Winston]

Can depreciation exceed the value of the original investment? The depletion allowance can. And normally you depreciate a building that someone built. Nobody "built" the damn oil that has been sitting in the ground for millions of years.

Because no one built it, it can't be depleted?

Come on, use your head. I already told you how it was different. The depletion allowance can exceed the value of the original investment, which is total bullshit and makes no sense whatsoever. How can you justify that? In your example the depletion allowance would have been three million dollars. And it could be three million dollars in perpetuity. I mean why don't I get a depletion allowance for the gasoline I buy for my business. I fill up, it costs forty bucks. I write off the forty bucks and then, well hell, I guess I should get a depletion allowance because that gas gets depleted.

The gross income was 20 million. That doesn't allow 3 million a year, forever. That allows a total of 3 million.

For that one year. The next year, say the oil wheel explodes and results in 100 million dollars in income. The depletion allowance is 15 million. Or let's just say the oil produces 20 million a year for twenty years. Well, that is a three million dollar depletion allowance each and every year. Now, I have stated that the difference between a depletion allowance and depreciation is that the depletion allowance can exceed the value of the original investment. Unlike depreciation, or even normal expenses, the depletion allowance is not limited to the cost of the property.

And if you want to support the depletion allowance then you better not ever, EVER, call yourself a supporter of "free markets". The depletion allowance results in ineffective allocation of resources, it distorts markets, Today, this very day, there are hundreds of wells operating at what would be a loss, or at production levels so low they do not justify continued extraction BUT FOR the depletion allowance. Hell, sometimes they are sold as "investments", not for the value of the oil extracted, BUT FOR the damn depletion allowance. Since the depletion allowance is calculated on gross revenue it both subsidizes, and encourages, all the cost associated with oil production. From the foreman's salary to the equipment. And you guys bitch about clean energy subsidies. Talk about cognitive dissonance.

My example only had 20 million in production. Sorry if that was too complex for you.
Now, when you get a chance, explain how the allowance, which is capped at the net income of a well, results in misallocation of resources?
If you want to push for not taxing "green energy" profits, go for it. The taxpayer would save billions in actual handouts that do distort markets.

Your example is not complicated and I understood it perfectly. The allowance is not capped at the net income of the well. It is capped at 65% of the net income of the well, FOR THAT DAMN YEAR: So yes, the depletion allowance, over the life of the well, can easily exceed the total initial capital investment in the well.

Now, if a company, or even an individual, has two competing investment opportunities, one that includes a depletion allowance and one that does not, and that company or individual picks the one with the depletion allowance, even though the other investment would provide a better return BUT FOR the depletion allowance, the result is, wait for, a misallocation of resources.

 

[Natural Citizen]

The middle working class is getting hit with the inflation tax very gradually as a consequence of the GOP adopting chained cpi into their bill. The full effect won't be realized for another 6 1/2 - 7 years when it maxes out. Many will end up in a higher tax bracket while the dollar dwindles farther down from its current 4 cent value.

Politicians love the inflation tax because they don't have to vote on it.

 

[Markle]

Deficits are increasing during a strong economy. That is as irresponsible as it gets.

Say what?

Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January

By Terence P. Jeffrey | February 12, 2018 | 4:54 PM EST

President Donald Trump at the H&K Equipment Company in Coraopolis, Pa., Jan. 18, 2018. (White House photo)
(CNSNews.com) - The federal government this January ran a surplus while collecting record total tax revenues for that month of the year, according to the Monthly Treasury Statement released today.

January was the first month under the new tax law that President Donald Trump signed in December.

During January, the Treasury collected approximately $361,038,000,000 in total tax revenues and spent a total of approximately $311,802,000,000 to run a surplus of approximately $49,236,000,000.

Despite the monthly surplus of $49,236,000,000, the federal government is still running a deficit of approximately $175,718,000,000 for fiscal year 2018. That is because the government entered the month with a deficit of approximately $224,955,000,000.

Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January

 

[Brain357]

Deficits are increasing during a strong economy. That is as irresponsible as it gets.

Say what?

Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January

By Terence P. Jeffrey | February 12, 2018 | 4:54 PM EST

President Donald Trump at the H&K Equipment Company in Coraopolis, Pa., Jan. 18, 2018. (White House photo)
(CNSNews.com) - The federal government this January ran a surplus while collecting record total tax revenues for that month of the year, according to the Monthly Treasury Statement released today.

January was the first month under the new tax law that President Donald Trump signed in December.

During January, the Treasury collected approximately $361,038,000,000 in total tax revenues and spent a total of approximately $311,802,000,000 to run a surplus of approximately $49,236,000,000.

Despite the monthly surplus of $49,236,000,000, the federal government is still running a deficit of approximately $175,718,000,000 for fiscal year 2018. That is because the government entered the month with a deficit of approximately $224,955,000,000.

Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January[Deficits will top $800 billion this year and will reach $1 trillion by 2020, just as President Trump prepares to face voters in his bid for re-election. They will remain above $1 trillion for the foreseeable future, the analysts said, painting a better economic picture but a significantly worse fiscal picture than last year.

Trillion-dollar deficits come roaring back under Donald Trump


Deficits will top $800 billion this year and will reach $1 trillion by 2020, just as President Trump prepares to face voters in his bid for re-election. They will remain above $1 trillion for the foreseeable future, the analysts said, painting a better economic picture but a significantly worse fiscal picture than last year.

 

[Markle]

I have never met a poor man who created jobs....

Liberals continue to condemn the tax cuts being given to the owners of companies who used that money to come back to the US, to create more jobs, to created full-time jobs, to give their employees raises, to give their employees bonuses...owners who have helped Trump create an economy stronger than we have seen in DECADES.

This all happening as a result in investing in and giving those who create jobs and opportunities like this completely escapes the Democrats, who see all of this money - which they consider to be THEIR money - flowing back into the hands and pockets of Americans, and immediately fear the realization that this success is making Americans more successful, more independent, and LESS dependent on them!

I don’t see it. What are you basing all that on? Labor force participation low, wages growth low, first quarter was only 2.2% growth, and deficits are growing.

I know you don't see it. That's part of the problem.

Again, Trump put cash back in the hands of those who owned businesses and create jobs. What ensued?

Businesses returned to the US.
Workers got bonuses.
Workers got raises.
MORE jobs were created.
More FULL-TIME Jobs were created.
The stock market stabilized / rose.
Unemployment went down - to record levels
Housing prices went up.
The economy soared to levels not seen in decades.
The cost of utilities went down.
The amount of Taxes paid into the Federal Govt have hit historic highs...

Yes, deficits are growing again...they have constantly been growing for years...but the deficits have continued to soar because we still have self-destructive, criminally fiscal a$$holes who are looking BEYOND the exploding deficits to the projects / special interest groups, etc they want to spend money on ... willing to dump the ticking time bomb in our kds' and grand kids' laps.... POLITICIANS ON BOTH SIDES OF THE AISLE HAVE BEEN DONIG THAT FOR MORE THAN A DECADE...

For example, regarding spending - it was reported in the news to day that the Federal Govt is spending something like $300k on a study to 'ENSURE LESBIANS ARE USING THE 'RIGHT' KIND OF CONTRACEPTIVE'.


Correct me if I am wrong, but science / nature has not come up with a way for two people of the same sex to create life - become pregnant - so why do lesbians having sex with one another need CONTRACEPTIVES at all? AND WHY DOES THE FEDERAL GOVT HAVE TO USE MY TAX DOLLARS TO PAY FOR IT? Talk about FRAUD, WATE, and ABUSE!

It does not matter WHOSE idiot - GOP or DEM - agreed to fund this, the money should be immediately withdrawn from the douche bag's personal savings account immediately!

You don’t seem to have any numbers to back that up. You are just babbling. None of that is happening.

You don't know? Is that because these things don't appear on CNN, in The Nation or on MediaMatters?

 

[Brain357]

I have never met a poor man who created jobs....

Liberals continue to condemn the tax cuts being given to the owners of companies who used that money to come back to the US, to create more jobs, to created full-time jobs, to give their employees raises, to give their employees bonuses...owners who have helped Trump create an economy stronger than we have seen in DECADES.

This all happening as a result in investing in and giving those who create jobs and opportunities like this completely escapes the Democrats, who see all of this money - which they consider to be THEIR money - flowing back into the hands and pockets of Americans, and immediately fear the realization that this success is making Americans more successful, more independent, and LESS dependent on them!

I don’t see it. What are you basing all that on? Labor force participation low, wages growth low, first quarter was only 2.2% growth, and deficits are growing.

I know you don't see it. That's part of the problem.

Again, Trump put cash back in the hands of those who owned businesses and create jobs. What ensued?

Businesses returned to the US.
Workers got bonuses.
Workers got raises.
MORE jobs were created.
More FULL-TIME Jobs were created.
The stock market stabilized / rose.
Unemployment went down - to record levels
Housing prices went up.
The economy soared to levels not seen in decades.
The cost of utilities went down.
The amount of Taxes paid into the Federal Govt have hit historic highs...

Yes, deficits are growing again...they have constantly been growing for years...but the deficits have continued to soar because we still have self-destructive, criminally fiscal a$$holes who are looking BEYOND the exploding deficits to the projects / special interest groups, etc they want to spend money on ... willing to dump the ticking time bomb in our kds' and grand kids' laps.... POLITICIANS ON BOTH SIDES OF THE AISLE HAVE BEEN DONIG THAT FOR MORE THAN A DECADE...

For example, regarding spending - it was reported in the news to day that the Federal Govt is spending something like $300k on a study to 'ENSURE LESBIANS ARE USING THE 'RIGHT' KIND OF CONTRACEPTIVE'.


Correct me if I am wrong, but science / nature has not come up with a way for two people of the same sex to create life - become pregnant - so why do lesbians having sex with one another need CONTRACEPTIVES at all? AND WHY DOES THE FEDERAL GOVT HAVE TO USE MY TAX DOLLARS TO PAY FOR IT? Talk about FRAUD, WATE, and ABUSE!

It does not matter WHOSE idiot - GOP or DEM - agreed to fund this, the money should be immediately withdrawn from the douche bag's personal savings account immediately!

You don’t seem to have any numbers to back that up. You are just babbling. None of that is happening.

You don't know? Is that because these things don't appear on CNN, in The Nation or on MediaMatters?

I see you don't provide and stats to back it up either. No surprise.

 

[Markle]

Deficits are increasing during a strong economy. That is as irresponsible as it gets.

Say what?

Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January

By Terence P. Jeffrey | February 12, 2018 | 4:54 PM EST

President Donald Trump at the H&K Equipment Company in Coraopolis, Pa., Jan. 18, 2018. (White House photo)
(CNSNews.com) - The federal government this January ran a surplus while collecting record total tax revenues for that month of the year, according to the Monthly Treasury Statement released today.

January was the first month under the new tax law that President Donald Trump signed in December.

During January, the Treasury collected approximately $361,038,000,000 in total tax revenues and spent a total of approximately $311,802,000,000 to run a surplus of approximately $49,236,000,000.

Despite the monthly surplus of $49,236,000,000, the federal government is still running a deficit of approximately $175,718,000,000 for fiscal year 2018. That is because the government entered the month with a deficit of approximately $224,955,000,000.

Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January[Deficits will top $800 billion this year and will reach $1 trillion by 2020, just as President Trump prepares to face voters in his bid for re-election. They will remain above $1 trillion for the foreseeable future, the analysts said, painting a better economic picture but a significantly worse fiscal picture than last year.

Trillion-dollar deficits come roaring back under Donald Trump


Deficits will top $800 billion this year and will reach $1 trillion by 2020, just as President Trump prepares to face voters in his bid for re-election. They will remain above $1 trillion for the foreseeable future, the analysts said, painting a better economic picture but a significantly worse fiscal picture than last year.

We'll see won't we?

 

[KissMy]

I have never met a poor man who created jobs....

Liberals continue to condemn the tax cuts being given to the owners of companies who used that money to come back to the US, to create more jobs, to created full-time jobs, to give their employees raises, to give their employees bonuses...owners who have helped Trump create an economy stronger than we have seen in DECADES.

This all happening as a result in investing in and giving those who create jobs and opportunities like this completely escapes the Democrats, who see all of this money - which they consider to be THEIR money - flowing back into the hands and pockets of Americans, and immediately fear the realization that this success is making Americans more successful, more independent, and LESS dependent on them!

I don’t see it. What are you basing all that on? Labor force participation low, wages growth low, first quarter was only 2.2% growth, and deficits are growing.

name a poor man that created a job!!!!

Steve Jobs was poor, homeless & begging for food. He created more Jobs than anyone! In the USA, consumer demand is 70% of the economy. So a poor person demanding goods creates 7 out of 10 jobs!

 

[Markle]

I have never met a poor man who created jobs....

Liberals continue to condemn the tax cuts being given to the owners of companies who used that money to come back to the US, to create more jobs, to created full-time jobs, to give their employees raises, to give their employees bonuses...owners who have helped Trump create an economy stronger than we have seen in DECADES.

This all happening as a result in investing in and giving those who create jobs and opportunities like this completely escapes the Democrats, who see all of this money - which they consider to be THEIR money - flowing back into the hands and pockets of Americans, and immediately fear the realization that this success is making Americans more successful, more independent, and LESS dependent on them!

I don’t see it. What are you basing all that on? Labor force participation low, wages growth low, first quarter was only 2.2% growth, and deficits are growing.

name a poor man that created a job!!!!

Steve Jobs was poor, homeless & begging for food. He created more Jobs than anyone! In the USA, consumer demand is 70% of the economy. So a poor person demanding goods creates 7 out of 10 jobs!

He sure didn't create all those jobs when he was poor. Initially, he enticed workers with low pay but a part of the company. From that he created thousands of Millionaires.

 

[Brain357]

Deficits are increasing during a strong economy. That is as irresponsible as it gets.

Say what?

Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January

By Terence P. Jeffrey | February 12, 2018 | 4:54 PM EST

President Donald Trump at the H&K Equipment Company in Coraopolis, Pa., Jan. 18, 2018. (White House photo)
(CNSNews.com) - The federal government this January ran a surplus while collecting record total tax revenues for that month of the year, according to the Monthly Treasury Statement released today.

January was the first month under the new tax law that President Donald Trump signed in December.

During January, the Treasury collected approximately $361,038,000,000 in total tax revenues and spent a total of approximately $311,802,000,000 to run a surplus of approximately $49,236,000,000.

Despite the monthly surplus of $49,236,000,000, the federal government is still running a deficit of approximately $175,718,000,000 for fiscal year 2018. That is because the government entered the month with a deficit of approximately $224,955,000,000.

Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January[Deficits will top $800 billion this year and will reach $1 trillion by 2020, just as President Trump prepares to face voters in his bid for re-election. They will remain above $1 trillion for the foreseeable future, the analysts said, painting a better economic picture but a significantly worse fiscal picture than last year.

Trillion-dollar deficits come roaring back under Donald Trump


Deficits will top $800 billion this year and will reach $1 trillion by 2020, just as President Trump prepares to face voters in his bid for re-election. They will remain above $1 trillion for the foreseeable future, the analysts said, painting a better economic picture but a significantly worse fiscal picture than last year.

We'll see won't we?

We are watching them increase, yes.

 

[Markle]

I see you don't provide and stats to back it up either. No surprise.

Are you not aware of these news items? Seek help!

Businesses returned to the US.
Workers got bonuses.
Workers got raises.
MORE jobs were created.
More FULL-TIME Jobs were created.
The stock market stabilized / rose.
Unemployment went down - to record levels
Housing prices went up.
The economy soared to levels not seen in decades.
The cost of utilities went down.
The amount of Taxes paid into the Federal Govt have hit historic highs...

 

[Toddsterpatriot]

Because no one built it, it can't be depleted?

Come on, use your head. I already told you how it was different. The depletion allowance can exceed the value of the original investment, which is total bullshit and makes no sense whatsoever. How can you justify that? In your example the depletion allowance would have been three million dollars. And it could be three million dollars in perpetuity. I mean why don't I get a depletion allowance for the gasoline I buy for my business. I fill up, it costs forty bucks. I write off the forty bucks and then, well hell, I guess I should get a depletion allowance because that gas gets depleted.

The gross income was 20 million. That doesn't allow 3 million a year, forever. That allows a total of 3 million.

For that one year. The next year, say the oil wheel explodes and results in 100 million dollars in income. The depletion allowance is 15 million. Or let's just say the oil produces 20 million a year for twenty years. Well, that is a three million dollar depletion allowance each and every year. Now, I have stated that the difference between a depletion allowance and depreciation is that the depletion allowance can exceed the value of the original investment. Unlike depreciation, or even normal expenses, the depletion allowance is not limited to the cost of the property.

And if you want to support the depletion allowance then you better not ever, EVER, call yourself a supporter of "free markets". The depletion allowance results in ineffective allocation of resources, it distorts markets, Today, this very day, there are hundreds of wells operating at what would be a loss, or at production levels so low they do not justify continued extraction BUT FOR the depletion allowance. Hell, sometimes they are sold as "investments", not for the value of the oil extracted, BUT FOR the damn depletion allowance. Since the depletion allowance is calculated on gross revenue it both subsidizes, and encourages, all the cost associated with oil production. From the foreman's salary to the equipment. And you guys bitch about clean energy subsidies. Talk about cognitive dissonance.

My example only had 20 million in production. Sorry if that was too complex for you.
Now, when you get a chance, explain how the allowance, which is capped at the net income of a well, results in misallocation of resources?
If you want to push for not taxing "green energy" profits, go for it. The taxpayer would save billions in actual handouts that do distort markets.

Your example is not complicated and I understood it perfectly. The allowance is not capped at the net income of the well. It is capped at 65% of the net income of the well, FOR THAT DAMN YEAR: So yes, the depletion allowance, over the life of the well, can easily exceed the total initial capital investment in the well.

Now, if a company, or even an individual, has two competing investment opportunities, one that includes a depletion allowance and one that does not, and that company or individual picks the one with the depletion allowance, even though the other investment would provide a better return BUT FOR the depletion allowance, the result is, wait for, a misallocation of resources.

Depletion allowance doesn't make an unprofitable well profitable.

 

[Toddsterpatriot]

The middle working class is getting hit with the inflation tax very gradually as a consequence of the GOP adopting chained cpi into their bill. The full effect won't be realized for another 6 1/2 - 7 years when it maxes out. Many will end up in a higher tax bracket while the dollar dwindles farther down from its current 4 cent value.

Politicians love the inflation tax because they don't have to vote on it.

Sounds like you should love it as well. Liberals love tax hikes and hate it when people can keep more of their own money.

 

[KissMy]

 

[Brain357]

I see you don't provide and stats to back it up either. No surprise.

Are you not aware of these news items? Seek help!

Businesses returned to the US.
Workers got bonuses.
Workers got raises.
MORE jobs were created.
More FULL-TIME Jobs were created.
The stock market stabilized / rose.
Unemployment went down - to record levels
Housing prices went up.
The economy soared to levels not seen in decades.
The cost of utilities went down.
The amount of Taxes paid into the Federal Govt have hit historic highs...

Use actually stats. None of that is fact. Economic growth in the first quarter was only 2.2%, hardly soaring. Labor force participation is still really low, according to trump our real unemployment rate is over 20%. Wages are not increasing. Stock market decreased once trump policy really took effect and has been erratic since.