Politics STEVE BANNON PUSHING FOR 44 PERCENT MARGINAL TAX RATE ON THE VERY RICH

When I look at news articles, I also look at their sources and corroboration.

Beware "reporters" with an agenda.

You said "many years," yet we know Trump went through some bankruptcies in his big casino. He paid taxes on the money he lost the previous year(s).

Maddow had egg all over her face when THE TRUTH bit her.

 

Asked and answered.

You buy $1M in mutual funds. It goes up 50% to $1.5M. You pay tax on $.5M. The next year, it drops to $900K and you report a $100K loss, maybe pay $0 in tax. But you paid the tax on the $1.5M (the $.5M). You paid income tax (or whatever) on the $1M in the first place, too.

The scenario with Trump's casino was roughly the same sort of thing.

I don't care about Trump's tax returns. There's NOTHING in them of any real interest to anyone.

 

Keep on practicing, you'll get the hang of it.

 

What I see is that you have Harvard educated individuals looking at the budget mess and the slow economic growth. The debt is crushing and a real threat to the government's ability to write all the checks it does. You know, to SS recipients and so on.

And Democrats throwing sand in your face.

 

Proof: unsourced biased "news" article
But: Maddow, $36M in taxes paid in just one year

 

It's clear the government is so strapped for cash to spend on all the shit it does, that it had to borrow $10T under Obama. Economic growth was (and still is) lethargic at best, and the weakest recovery after recession maybe ever.

Trump and republicans do have an economic agenda that involves spurring economic growth. They're talking about tax cuts for 99.9% of tax payers, which should spur domestic spending. They're pushing companies to build in the US, so that spending would be on American goods. They're talking about infrastructure spending which at least leaves us things like bridges and other tangible assets.

They have to raise the money somehow to spend it. Some of it will come from higher tax receipts from higher economic growth alone. They especially have to if they don't want to further balloon the debt or cut other services.

Party of the rich is a joke. I bet if you looked just a little, you'd find the democrats are the party of the rich. Limousine Liberals they're called.

There is a cost to taxing the rich (or anyone for that matter). Their money doesn't sit in their mattresses or a lock box. It ends up as loans/mortgages to main street folks, and funding startup ventures and the like.

FWIW, the largest spending bill in history was Obama's "EMERGENCY"* (haha, LOL, what a lie) stimulus package in 2009. Prior, the largest was a massive infrastructure bill passed by republican congress and signed by W.

(* "emergency" in the legislation is a technicality, a means to bypass budget restrictions aimed at restraining the very fiscal deficit and debt growth that Obama gave us).

 

Tired of winning yet?

http://money.cnn.com/2017/07/26/technology/business/foxconn-wisconsin/

Apple supplier Foxconn says it will build big Wisconsin factory

Thanks Obam... I mean Trump.

 

Foxconn, the Taiwanese manufacturer that makes electronics for Apple and other tech companies, is coming to Wisconsin.

The firm will invest $10 billion in Wisconsin to build a new manufacturing plant that produces LCD panels. The project will create 13,000 new jobs and should be completed by 2020, according to Wisconsin Gov. Scott Walker.

Foxconn's estimate on jobs was more conservative. In a statement, the company said the project will create 3,000 jobs with the "potential" to generate up to 13,000 new jobs.

(good jobs, too)

 

Dollars, no. Rubbles, yes.

 

Talk is cheap.

barfo