Trump Tax Plan Is Out

A Place to respectfully discuss those topics that you should never discuss.
post

Re: Trump Tax Plan Is Out

Postby mdb1958 » Sun Dec 03, 2017 3:18 am

Mountaineer Buc wrote:
Zarniwoop wrote:Yes that’s correct. I feel I don’t have the mental acuity to discuss things with you.

But retards like MB, BMD, BUc2, DN, USC, RL...those nitwits I can talk to


Seeing as you are always telling me what I believe, giving my ideas cute little names and explains why I’m so wrong all the time, I would think you wouldn’t want to engage down to my stupidity anyway ... so in a way, my cowardice to talk to you is really a favor for you

Nitwit and a retard eh?



I prefer misguided.
mdb1958
 
Posts: 9081
Joined: Wed Jan 14, 2015 4:11 pm
Has thanked: 148 times
Been thanked: 85 times

Re: Trump Tax Plan Is Out

Postby Pirate Life » Sun Dec 03, 2017 10:14 am

Zarniwoop wrote:As for the Grad school thing, as someone who spent far too long in grad schools, I don't see it changing enrollment much...I would have went to school even if I had to pay taxes on my scholarship...students are so poor at the time they are in a low tax bracket .... plus we don't know if grad schools will increase the stipends they pay to students to help alleviate some of that extra burden ...what I do hate about it though, is that it sets precedent to tax other things such as health care contributions by private companies. That part of the tax bill is certainly not something I support.


You might want to re-read what they are talking about doing to grad school tuition waivers. Adding in the waived tuition as taxable income is a considerable burden on them, because as you said they are generally poor. For a lot of these kids it's going to mean on average about a $3000 increase in their tax bill, I don't see many universities helping with that without either raising tuition rates or cutting back on grad school enrollment.
Pirate Life
 
Posts: 203
Joined: Mon Sep 19, 2016 3:44 pm
Has thanked: 4 times
Been thanked: 14 times

Re: Trump Tax Plan Is Out

Postby bucfanclw » Sun Dec 03, 2017 9:25 pm

Chuck Grassley: "“I think not having the estate tax recognizes the people that are investing, as opposed to those that are just spending every darn penny they have, whether it’s on booze or women or movies."
User avatar
bucfanclw
 
Posts: 3652
Joined: Wed Jan 14, 2015 4:09 pm
Location: I'm told Clewiston
Has thanked: 19 times
Been thanked: 156 times

Re: Trump Tax Plan Is Out

Postby Mountaineer Buc » Sun Dec 03, 2017 10:17 pm

bucfanclw wrote:Chuck Grassley: "“I think not having the estate tax recognizes the people that are investing, as opposed to those that are just spending every darn penny they have, whether it’s on booze or women or movies."

Clearly, Chuck Grassley has never met Newt Gingrich.
Image
User avatar
Mountaineer Buc
 
Posts: 12564
Joined: Wed Jan 14, 2015 1:15 pm
Location: Crestucky
Has thanked: 130 times
Been thanked: 607 times

Re: Trump Tax Plan Is Out

Postby Buc2 » Mon Dec 04, 2017 8:22 am

bucfanclw wrote:
Buc2 wrote:The problem, clwster, is you ask questions no one can readily provide an answer to. We all have regular jobs and regular lives that preclude us from spending a lot of time studying the dizzying amount of data required to answer your questions in specific detail. We are not policy makers whose job it is to comb through the mountains of economic data and come up with a policy solution or suggestion of what programs to cut and how deeply to cut them. Therefore we speak in more generic terms. If you don't like that, well...tough ****.

Well you see, as a senior engineer I have to devise solutions and implement plans for a living. I don't get the luxury of making a baseless blanket statement and just expecting things to work. I apologize if I have a hard time accepting the easy answer when it relates to the economic success of the country that I make a living in.

As a senior engineer, I'd expect you to have answers within your chosen field.
Image
Don't tread on me
User avatar
Buc2
 
Posts: 10407
Joined: Wed Jan 14, 2015 2:16 pm
Location: America
Has thanked: 883 times
Been thanked: 358 times

Re: Trump Tax Plan Is Out

Postby bucfanclw » Mon Dec 04, 2017 9:25 am

Mountaineer Buc wrote:
bucfanclw wrote:Chuck Grassley: "“I think not having the estate tax recognizes the people that are investing, as opposed to those that are just spending every darn penny they have, whether it’s on booze or women or movies."

Clearly, Chuck Grassley has never met Newt Gingrich.

My wife and I spent our entire weekend at MacGuffin's so I could check off all 3 at once.
User avatar
bucfanclw
 
Posts: 3652
Joined: Wed Jan 14, 2015 4:09 pm
Location: I'm told Clewiston
Has thanked: 19 times
Been thanked: 156 times

Re: Trump Tax Plan Is Out

Postby Mountaineer Buc » Mon Dec 04, 2017 11:11 am

I'm up to my ***hole in month end journal entries and prepping for the annual workers comp audit tomorrow so you kids will have to carry on without me until this evening.
Image
User avatar
Mountaineer Buc
 
Posts: 12564
Joined: Wed Jan 14, 2015 1:15 pm
Location: Crestucky
Has thanked: 130 times
Been thanked: 607 times

Re: Trump Tax Plan Is Out

Postby bucfanclw » Mon Dec 04, 2017 11:18 am

Mountaineer Buc wrote:I'm up to my ***hole in month end journal entries and prepping for the annual workers comp audit tomorrow so you kids will have to carry on without me until this evening.

Well you have to make some money or else you won't have anything to blow on movies, drinks, and women.
User avatar
bucfanclw
 
Posts: 3652
Joined: Wed Jan 14, 2015 4:09 pm
Location: I'm told Clewiston
Has thanked: 19 times
Been thanked: 156 times

Re: Trump Tax Plan Is Out

Postby Buc2 » Sat Jan 13, 2018 12:48 pm

Interesting read and one of the Right's big arguments for decreasing the corporate tax rate...to better compete against the rest of the world's big economies which have been capitalizing on rates that were much lower than the U.S. rates.

America was challenged on taxes and Trump answered the call
BY JAMES P. PINKERTON, OPINION CONTRIBUTOR — 01/13/18 12:00 PM EST 21 THE VIEWS EXPRESSED BY CONTRIBUTORS ARE THEIR OWN AND NOT THE VIEW OF THE HILL

America was challenged on taxes and Trump answered the call
© Getty
A half-century ago, in 1967, a Frenchman named Jean-Jacques Servan-Schreiber published Le Défi Américain (“The American Challenge”). Surveying U.S. economic dominance, Servan-Schreiber described his book as “a call to action” — action to rejuvenate French economic power. Indeed, he called upon his country to “counterattack.”

Servan-Schreiber was writing when the U.S. accounted for a full 37 percent of the world’s economy. Moreover, 17 of the 20 largest companies in the world were American.

Servan-Schreiber’s book was hugely impactful, not only in France, but across Europe. In the words of the German-born Klaus Schwab, founder of the World Economic Forum, “'The American Challenge' was not only a game changer for European–American relations, it also provided a new and innovative conception of national competitiveness.”

Europe’s response to Servan-Schreiber’s book took several forms. One response was a heightened emphasis on “national champion” companies — big firms that could go head-to-head with American corporate titans.

A second response to the American Challenge was the expansion of what is now known as the European Union (EU). In the two decades after 1967, the European confederation doubled its nation-state membership, and in the decades since, it has more than doubled again.

To be sure, many Americans are skeptical about European ideas of “national champions” and continental consolidation. Yet for now at least, Europe boasts a GDP larger than that of the U.S., and the EU routinely uses its collective clout to help its job-creating champion companies.

So now we come to a third element in Europe’s response to the American Challenge. Here there should be less ambivalence, because the results have been so clear-cut: In the last few decades, European countries have taken up a strongly competitive approach to taxation, especially corporate taxation — and that strategy has paid off for them.

Ironically, the European country that kicked off the corporate-tax response to the American Challenge was the country closest to the U.S., the United Kingdom. Back in 1979, when Margaret Thatcher took over the prime ministership of her country, Britain was at a low ebb. Indeed, it was often called “the sick man of Europe.”

In that era, a key symptom of British sickness was too-high taxation. The corporate tax rate, for example, stood at a prohibitive 52 percent. Thatcher steadily reduced that rate. By the time she left office in 1990, it had been cut to 33 percent.

As everyone now knows, in the decades since, the British economy has continued to prosper. Not coincidentally, the U.K. corporate tax rate is now just 19 percent; over the last four decades, that’s a rate-reduction of almost two-thirds.

In the meantime, other European countries have acted even more boldly. In the early 80s, Ireland’s corporate tax rate was a debilitating 50 percent. Yet today, Ireland’s rate is down to 12.5 percent — a three-quarters reduction in the last four decades. Ireland, once an economic backwater, is now the roaring “Celtic Tiger.”

For its part, back in the 1980s, the U.S., too, was eager to be a part of the international competition. In 1986, President Ronald Reagan signed into law a substantial cut in the U.S. corporate rate, from 46 percent to 34 percent.

Yet after that, the U.S. seemingly went to sleep on the issue of corporate competitiveness, even as the rest of the world stayed wide awake. According to the Tax Foundation, in the three decades after 1986, every other member of the Organization for Economic Cooperation and Development (OECD) — the “club” of most leading economies — cut its corporate rate.

Whereas in the 1980s, most European corporate rates had been up in the 40s or even 50s, by 2017, that OECD average had gone down to 24.7 percent. In the meantime, the U.S. went in the reverse direction: In 1993, the corporate tax rate actually went up by a point, to 35 percent.

So we can see: By the 2010s, the U.S. corporate rate was ten or more points higher than that of most of its rivals. And that uncompetitive rate was one factor in the relative eclipse of the U.S. economy in the world arena.

By 2017, the U.S. share of the world economy had shrunk to less than 25 percent, and our share of the world’s largest corporations had shrunk as well, from 85 percent of the world’s top 20 companies to just 45 percent.

It was in this challenging environment that the RATE (Reforming America’s Taxes Equitably) Coalition, of which this author is a part, came into existence in 2011. Its member corporations and associations were suffering from America’s antiquated 35 percent corporate rate, and they resolved to see it lowered.

In the years that followed, RATE was proud to join with many others, across all sectors of American society, in a rising tide of pro-competitive activism. As we all know, on Dec. 22, President Trump signed the Tax Cuts and Jobs Act into law. As he said at the time, “More products will be made in the USA ... We’re going to bring back our companies.”

The president was right: American competitiveness is back, big and strong; and the Europeans know it. For instance, the Centre for European Economic Research, based in Mannheim, Germany, recently acknowledged that, thanks to the tax bill, the U.S. now has a new edge:

“Competition between EU Member States for US investment is also going to intensify ... We can expect to see German companies increase their investment in the U.S. by around a quarter after the reform.”

Of course, America isn’t just competing with Germany, or the EU. Today, we must compete with the whole world. Yet now, finally, in 2018, five decades after Servan-Schreiber’s influential book, the U.S. has regained its preeminence in tax competition.

James P. Pinkerton served as a domestic policy aide in the White Houses of Presidents Ronald Reagan and George H.W. Bush. Since 2011, he has been the co-chair of the Reforming America's Taxes Equitably (RATE) Coalition, which advocates on behalf of corporate and business tax reform.
Image
Don't tread on me
User avatar
Buc2
 
Posts: 10407
Joined: Wed Jan 14, 2015 2:16 pm
Location: America
Has thanked: 883 times
Been thanked: 358 times

Re: Trump Tax Plan Is Out

Postby Zarniwoop » Sat Jan 13, 2018 1:34 pm

The biggest issue I have with our corporate taxes (and individual for that matter) is in our discussions (both on the board in addition to as a country) we always talk about the nominal rate .... however no one really pays the nominal rate. We need data on effective rates

I much prefer a more simplified system where corporations all pay close to the nominal rate. We always see stories like Exxon that one quarter that made like $60B in profit and paid ZERO taxes.


If these nice low rates are here to stay, I say we scrutinize deductions now.

I much prefer low rates with no exceptions. Exceptions favor those with lots of money and lawyers (both at the corporate level and individual level), the playing ground should be equal.
Zarniwoop
 
Posts: 5415
Joined: Thu Jan 15, 2015 12:23 pm
Has thanked: 245 times
Been thanked: 259 times

Re: Trump Tax Plan Is Out

Postby Buc2 » Sat Jan 13, 2018 3:20 pm

Zarniwoop wrote:The biggest issue I have with our corporate taxes (and individual for that matter) is in our discussions (both on the board in addition to as a country) we always talk about the nominal rate .... however no one really pays the nominal rate. We need data on effective rates

I much prefer a more simplified system where corporations all pay close to the nominal rate. We always see stories like Exxon that one quarter that made like $60B in profit and paid ZERO taxes.


If these nice low rates are here to stay, I say we scrutinize deductions now.

I much prefer low rates with no exceptions. Exceptions favor those with lots of money and lawyers (both at the corporate level and individual level), the playing ground should be equal.

I agree with you on this. Escaping taxation because of loop-holes and exceptions needs to be severely reined in on both levels.
Image
Don't tread on me
User avatar
Buc2
 
Posts: 10407
Joined: Wed Jan 14, 2015 2:16 pm
Location: America
Has thanked: 883 times
Been thanked: 358 times

Re: Trump Tax Plan Is Out

Postby Pirate Life » Sun Jan 14, 2018 2:59 pm

Zarniwoop wrote:The biggest issue I have with our corporate taxes (and individual for that matter) is in our discussions (both on the board in addition to as a country) we always talk about the nominal rate .... however no one really pays the nominal rate. We need data on effective rates

I much prefer a more simplified system where corporations all pay close to the nominal rate. We always see stories like Exxon that one quarter that made like $60B in profit and paid ZERO taxes.


If these nice low rates are here to stay, I say we scrutinize deductions now.

I much prefer low rates with no exceptions. Exceptions favor those with lots of money and lawyers (both at the corporate level and individual level), the playing ground should be equal.


On the personal side of things, this is more or less in place for now. They've eliminated employee business expenses on the Schedule A, big gray area deduction that people would take. Hurts some folks, yes. Loopholes abound still on the corporate end and for people who have money/knowledge on how to game the system by being incorporated to be a pass-through or put their home into a trust/have it be owned by their company.

The nominal tax rate on average for companies before the new tax law was about 22% in tax years 2007-2011 based on Dept of Treasury figures (found here: https://www.treasury.gov/resource-cente ... s-2016.pdf). In tax year 2016, it was 24%. Both rates are in line with the nominal tax rates in other countries. AT&T, one of the companies that announced bonus payouts to employees because of the new tax law, paid nominal tax rates between 7 and 9 percent in the last six years.
Pirate Life
 
Posts: 203
Joined: Mon Sep 19, 2016 3:44 pm
Has thanked: 4 times
Been thanked: 14 times

Re: Trump Tax Plan Is Out

Postby Buc2 » Sun Jan 21, 2018 12:49 pm

Color me not surprised.

California Democrats want businesses to give half their tax-cut savings to state
By Melody Gutierrez Updated 5:12 am, Sunday, January 21, 2018

SACRAMENTO — California lawmakers are targeting the expected windfall that companies in the state would see under the federal tax overhaul with a bill that would require businesses to turn over half to the state.

A proposed Assembly Constitutional Amendment by Assemblymen Kevin McCarty, D-Sacramento, and Phil Ting, D-San Francisco, would create a tax surcharge on California companies making more than $1 million so that half of their federal tax cut would instead go to programs that benefit low-income and middle-class families.

“Trump’s tax reform plan was nothing more than a middle-class tax increase,” Ting said in a statement. “It is unconscionable to force working families to pay the price for tax breaks and loopholes benefiting corporations and wealthy individuals. This bill will help blunt the impact of the federal tax plan on everyday Californians by protecting funding for education, affordable health care, and other core priorities.”

As a constitutional amendment, the bill would require approval from two-thirds of the Legislature to pass, a difficult hurdle now that Democrats have lost their supermajority. If passed and signed by Gov. Jerry Brown, it would then go to voters for final approval.

{More...click here}
Image
Don't tread on me
User avatar
Buc2
 
Posts: 10407
Joined: Wed Jan 14, 2015 2:16 pm
Location: America
Has thanked: 883 times
Been thanked: 358 times

Re: Trump Tax Plan Is Out

Postby bucfanclw » Sun Jan 21, 2018 2:39 pm

Buc2 wrote:Color me not surprised.

California Democrats want businesses to give half their tax-cut savings to state
By Melody Gutierrez Updated 5:12 am, Sunday, January 21, 2018

SACRAMENTO — California lawmakers are targeting the expected windfall that companies in the state would see under the federal tax overhaul with a bill that would require businesses to turn over half to the state.

A proposed Assembly Constitutional Amendment by Assemblymen Kevin McCarty, D-Sacramento, and Phil Ting, D-San Francisco, would create a tax surcharge on California companies making more than $1 million so that half of their federal tax cut would instead go to programs that benefit low-income and middle-class families.

“Trump’s tax reform plan was nothing more than a middle-class tax increase,” Ting said in a statement. “It is unconscionable to force working families to pay the price for tax breaks and loopholes benefiting corporations and wealthy individuals. This bill will help blunt the impact of the federal tax plan on everyday Californians by protecting funding for education, affordable health care, and other core priorities.”

As a constitutional amendment, the bill would require approval from two-thirds of the Legislature to pass, a difficult hurdle now that Democrats have lost their supermajority. If passed and signed by Gov. Jerry Brown, it would then go to voters for final approval.

{More...click here}

And why not? Those companies are benefiting from the environment California has created. You think a company would leave a state that represents 13% of the nation's GDP at $2.5 trillion? For as much as you cons love to trash California, they're expected to finish the fiscal year with a large budget surplus, unlike conservative strongholds like Kansas.
User avatar
bucfanclw
 
Posts: 3652
Joined: Wed Jan 14, 2015 4:09 pm
Location: I'm told Clewiston
Has thanked: 19 times
Been thanked: 156 times

Re: Trump Tax Plan Is Out

Postby Buc2 » Sun Jan 21, 2018 3:50 pm

:roll:
Image
Don't tread on me
User avatar
Buc2
 
Posts: 10407
Joined: Wed Jan 14, 2015 2:16 pm
Location: America
Has thanked: 883 times
Been thanked: 358 times

Re: Trump Tax Plan Is Out

Postby bucfanclw » Sun Jan 21, 2018 5:26 pm

What does one do when they have no logical argument?

Buc2 wrote::roll:


There it is...
User avatar
bucfanclw
 
Posts: 3652
Joined: Wed Jan 14, 2015 4:09 pm
Location: I'm told Clewiston
Has thanked: 19 times
Been thanked: 156 times

Re: Trump Tax Plan Is Out

Postby Buc2 » Sun Jan 21, 2018 6:26 pm

:lol:
Image
Don't tread on me
User avatar
Buc2
 
Posts: 10407
Joined: Wed Jan 14, 2015 2:16 pm
Location: America
Has thanked: 883 times
Been thanked: 358 times

Re: Trump Tax Plan Is Out

Postby Swashy » Sun Jan 21, 2018 6:27 pm

Buc2 wrote:Color me not surprised.

California Democrats want businesses to give half their tax-cut savings to state
By Melody Gutierrez Updated 5:12 am, Sunday, January 21, 2018

SACRAMENTO — California lawmakers are targeting the expected windfall that companies in the state would see under the federal tax overhaul with a bill that would require businesses to turn over half to the state.

A proposed Assembly Constitutional Amendment by Assemblymen Kevin McCarty, D-Sacramento, and Phil Ting, D-San Francisco, would create a tax surcharge on California companies making more than $1 million so that half of their federal tax cut would instead go to programs that benefit low-income and middle-class families.

“Trump’s tax reform plan was nothing more than a middle-class tax increase,” Ting said in a statement. “It is unconscionable to force working families to pay the price for tax breaks and loopholes benefiting corporations and wealthy individuals. This bill will help blunt the impact of the federal tax plan on everyday Californians by protecting funding for education, affordable health care, and other core priorities.”

As a constitutional amendment, the bill would require approval from two-thirds of the Legislature to pass, a difficult hurdle now that Democrats have lost their supermajority. If passed and signed by Gov. Jerry Brown, it would then go to voters for final approval.

{More...click here}


I'm pretty sure families in need do in fact need that money more than the businesses. The landmark of capitalism is that it's predicated on human nature. But it's also because of that same human nature that the money saved by the Trump tax cuts will never EVER fall into the hands of those families unless it's ripped away. I don't think it's fair to the businesses that such a thing could ever be considered. It is bullshit. It's no less bullshit that if given the choice, some of those same business owners would just as soon pocket the money than help someone else.

I'm not saying that the mindset is "**** the poor" but believe me that businesses hurt more if customers do not have money to spend
Swashy
 
Posts: 3369
Joined: Tue Mar 17, 2015 12:11 pm
Has thanked: 73 times
Been thanked: 104 times

Re: Trump Tax Plan Is Out

Postby Zarniwoop » Sun Jan 21, 2018 6:29 pm

Swashy wrote: It's no less bullshit that if given the choice, some of those same business owners would just as soon pocket the money than help someone else.





The sheer audacity of them

i hope they burn in hell
Zarniwoop
 
Posts: 5415
Joined: Thu Jan 15, 2015 12:23 pm
Has thanked: 245 times
Been thanked: 259 times

Re: Trump Tax Plan Is Out

Postby Zarniwoop » Sun Jan 21, 2018 6:38 pm

Buc2 wrote:Color me not surprised.



THis is absurd even for them. I hope they pass it.
Zarniwoop
 
Posts: 5415
Joined: Thu Jan 15, 2015 12:23 pm
Has thanked: 245 times
Been thanked: 259 times

Re: Trump Tax Plan Is Out

Postby Swashy » Sun Jan 21, 2018 6:39 pm

Let me rephrase... use it for their business to raise wages, increase benefits and offer more jobs or hours. Please don't tell me you honestly think that a billionaire CEO doesn't laugh his ass off every time a bill like this gets passed and instead says "oh good I'll raise their pay!" instead of "do I buy a boat or a plane?"

Middle class citizens didn't **** themselves to get in this situation. Greed did it for them.
Swashy
 
Posts: 3369
Joined: Tue Mar 17, 2015 12:11 pm
Has thanked: 73 times
Been thanked: 104 times

Re: Trump Tax Plan Is Out

Postby uscbucsfan » Sun Jan 21, 2018 6:47 pm

Swashy wrote:Let me rephrase... use it for their business to raise wages, increase benefits and offer more jobs or hours. Please don't tell me you honestly think that a billionaire CEO doesn't laugh his ass off every time a bill like this gets passed and instead says "oh good I'll raise their pay!" instead of "do I buy a boat or a plane?"

Middle class citizens didn't **** themselves to get in this situation. Greed did it for them.


It's their money, they don't have to re-invest it in their company...many do. Why do you care if said billionaire laughs or not?

In what way did "middle class" citizens get fucked by the latest tax bill? I put that in quotes, because I'm not sure what you believe to be a middle class citizen, but they will pay less in taxes and many of them received bonuses and raises.
Image
User avatar
uscbucsfan
 
Posts: 4369
Joined: Wed Jan 14, 2015 1:21 pm
Has thanked: 100 times
Been thanked: 118 times

Re: Trump Tax Plan Is Out

Postby Zarniwoop » Sun Jan 21, 2018 6:53 pm

Swashy wrote:Let me rephrase... use it for their business to raise wages, increase benefits and offer more jobs or hours. Please don't tell me you honestly think that a billionaire CEO doesn't laugh his ass off every time a bill like this gets passed and instead says "oh good I'll raise their pay!" instead of "do I buy a boat or a plane?"

Middle class citizens didn't **** themselves to get in this situation. Greed did it for them.



There aren't many people who are singly billionaire CEO's. Most of those billionaire CEO's got to be like that because they are owners and founders of the company. A normal CEO is well compensated, but he isn't a billionaire.

Companies should do whatever they want with their money. So should their owners. So should everyone for that matter. I rarely criticize anyone for how they spend money they EARN.



Just about every company has extensive philanthropic arms. Walmart, McDonald's, Apple, etc. Good for them all. If they want to keep doing that...great! I'll give them kudos.

A business's job isn't social welfare. It isn't developing the nation. It isn't feeding the poor. A business is simply a collection of the individual owners. They have no more of a patriotic, national building responsibility then you and I do. If any one of us feel the call, we should do it. Most of us probably do in our own ways. I know I do extensively. But we shouldn't be required.

The purpose of a business is to maximize shareholder value. If that means their shareholders want dividends...give them dividends. If that means their shareholders want to give away the money to 3rd world countries...then do it. It is working for TOM's shoes.



If you think Bill Gates or Steve Jobs or Sam Walton makes too much money...don't buy their products. Convince others not to buy their products. Don't try to take their money. There are plenty of companies I don't/didn't buy from even though I want to because of their leadership....I'm looking at you Busch family!
Zarniwoop
 
Posts: 5415
Joined: Thu Jan 15, 2015 12:23 pm
Has thanked: 245 times
Been thanked: 259 times

Re: Trump Tax Plan Is Out

Postby Mountaineer Buc » Sun Jan 21, 2018 7:20 pm

Zarniwoop wrote:
Swashy wrote: It's no less bullshit that if given the choice, some of those same business owners would just as soon pocket the money than help someone else.





The sheer audacity of them

i hope they burn in hell

No need to curse them.

We just understand the nature of the beast and provide a counterbalance.
Image
User avatar
Mountaineer Buc
 
Posts: 12564
Joined: Wed Jan 14, 2015 1:15 pm
Location: Crestucky
Has thanked: 130 times
Been thanked: 607 times

Re: Trump Tax Plan Is Out

Postby Zarniwoop » Sun Jan 21, 2018 7:42 pm

it's a shame Dante isn't still alive...the divine comedy could contain circle 10 -- CEO's
Zarniwoop
 
Posts: 5415
Joined: Thu Jan 15, 2015 12:23 pm
Has thanked: 245 times
Been thanked: 259 times

Re: Trump Tax Plan Is Out

Postby Buc2 » Mon Jan 22, 2018 8:46 am

If anything, Cali is just asking for companies to relocate to more, tax friendly, states. I'm not saying that will happen, but I can guarantee you that it is an option some business will seriously consider. I can't say I'd blame them if they left either. Some left a while back.

Image
Image
Don't tread on me
User avatar
Buc2
 
Posts: 10407
Joined: Wed Jan 14, 2015 2:16 pm
Location: America
Has thanked: 883 times
Been thanked: 358 times

Re: Trump Tax Plan Is Out

Postby Zarniwoop » Mon Jan 22, 2018 9:24 am

Buc2 wrote:If anything, Cali is just asking for companies to relocate to more, tax friendly, states. I'm not saying that will happen, but I can guarantee you that it is an option some business will seriously consider. I can't say I'd blame them if they left either. Some left a while back.



I can tell you that DFW has benefited immensely from the exodus. The new Toyota headquarters isn't far from my house.
Zarniwoop
 
Posts: 5415
Joined: Thu Jan 15, 2015 12:23 pm
Has thanked: 245 times
Been thanked: 259 times

Re: Trump Tax Plan Is Out

Postby bucfanclw » Mon Jan 22, 2018 9:42 am

Zarniwoop wrote:
Buc2 wrote:If anything, Cali is just asking for companies to relocate to more, tax friendly, states. I'm not saying that will happen, but I can guarantee you that it is an option some business will seriously consider. I can't say I'd blame them if they left either. Some left a while back.



I can tell you that DFW has benefited immensely from the exodus. The new Toyota headquarters isn't far from my house.

The lower housing cost of DFW was definitely the driver in that move. Property values in California are still so high due to the concentration of businesses there.
User avatar
bucfanclw
 
Posts: 3652
Joined: Wed Jan 14, 2015 4:09 pm
Location: I'm told Clewiston
Has thanked: 19 times
Been thanked: 156 times

Re: Trump Tax Plan Is Out

Postby Buc2 » Mon Jan 22, 2018 10:07 am

High concentration of businesses isn't listed as a reason by the California Legislative Analysis Office. Of course, if businesses would leave and take people with them, I'm sure that would help in alleviating the problem.

Building Less Housing Than People Demand Drives High Housing Costs.

California is a desirable place to live. Yet not enough housing exists in the state’s major coastal communities to accommodate all of the households that want to live there. In these areas, community resistance to housing, environmental policies, lack of fiscal incentives for local governments to approve housing, and limited land constrains new housing construction. A shortage of housing along California’s coast means households wishing to live there compete for limited housing. This competition bids up home prices and rents. Some people who find California’s coast unaffordable turn instead to California’s inland communities, causing prices there to rise as well. In addition to a shortage of housing, high land and construction costs also play some role in high housing prices.
Image
Don't tread on me
User avatar
Buc2
 
Posts: 10407
Joined: Wed Jan 14, 2015 2:16 pm
Location: America
Has thanked: 883 times
Been thanked: 358 times

Re: Trump Tax Plan Is Out

Postby Zarniwoop » Mon Jan 22, 2018 12:38 pm

Yep, we have one of the nation's fastest growing metroplexes here, as well as Houston, and our housing prices aren't skyrocketing.

It's all about supply. We are incredibly friendly about building in DFW.

My biggest issue is how we are funding our infrastructure here...but that's another story
Zarniwoop
 
Posts: 5415
Joined: Thu Jan 15, 2015 12:23 pm
Has thanked: 245 times
Been thanked: 259 times

PreviousNext

post

Return to Politics and Religion

Who is online

Users browsing this forum: No registered users and 9 guests