| Blogs > 1ClassyLady > U r responsible for ur life |
|
What is your opinion on Tax Reform Bill? President Trump signed "Tax Reform bill" in to law on Dec 22nd, 2017. The stock market reacted very positively and all three indexes are at all-time high for quite a long time. I understand that Tax Reform cut the tax bracket from 35 to 21 % for corporation in order to attract big companies such as Apple, Inc. to bring the money and manufacture factory back to USA (the so called "Repatriation"). However, Apple CEO, Tim Cook already announced "if Apple bring the factory back to USA, the iPhone will be raised prices". As we know, the U.S. labor cost is much higher than those 3rd world countries. If Apple remove the factory in China back to USA, "Made in USA", certainly the cost will be higher, incidentally, will add on consumers to pay iPhone. Of course, the tax cut to 21 % sounds good for rich people and corporation, but is this tax reform a "Reverse Robin Hood"? Rob the poor for the rich. I wonder. Anyway, the tax reform already signed into law. We will see if it is really good for the economy or not in the future.  Honesty is the best policy. |
|||
|
The U.S. corporate income-tax rate is also not high by historic standards. The statutory corporate tax rate has gradually been reduced from over 50 percent in the 1950s to its recent of 35 percent which stood for many years. during that time of tax reduction, EVERYTHING IN AMERICA DECLINED. Corporation took that money and bought access to foreign localities, so they could have access to people at slave wage labor by American wage standards. It did not benefit American people. The highest productivity in America was during the person where corporate tax rates were near 70%, during that time, American business expanded across the nation and into international markets, Unions's pushed up wages and benefits and during that time America built up the Middle Class, When Corporate Rate was reduced into the range of 32%, massive decline came to American, they busted Unions and wages stagnated, benefits were stripped away, and when Medical Insurance no longer had the guarantee of millions and 10's of million of people having Union supported Medical coverage, medical cost were down. When Union were busted and Insurance companies no longer had a guarantee of million of workers, the rates rose astronomically. again, wages stagnated, and Co Pays were promoted, Pensions were destroyed, and people were duped to think a 401k was something that its not. They lured Americans into it by first promising to match contribution, then that declined until, now nothing is contributed except what a low wage employee can contribute. There is NOTHING IN AMERICAN.... Dumber than the Right Wing Constituency, who can't think, don't read and can't learn and rely on bigotry, bias, denial and selective amnesia. They voted to defeat themselves and everyone else to protect their rich masters, because they can never get past the Bigoted Serf Mentality, in why they were groomed and they groom their offspring's to do the same. Hate drives them, they will do anything including defeating themselves in their aim to try and deny minorities the means to benefit and gain, and they cut their own bigoted and racist throats, in their efforts to try and defeat minorities of all ethnicity in America. There is nothing in America more vile and savage as the minds and actions of the Right Wing constituency.. They are the make up of modern day "Savages", because they have historically been and remained being savages of the worst and most vile type. Taxes now... will go to the wealthy looking for the poorest countries to try and get even lower slave wages labor form countries they stood against only a decade ago. The people fell for some stupidity of $2-$3- $4 a day and claim they are getting a tax break, when it does not amount to enough in some cases to cover the cost of gas to go back and forth to work. It is not even enough on a daily basis to buy a McDonald's Big Mac. This is the level of ignorance The Right Wing is made up of. Trump has been a Tax Cheat all his life, and all he cared about was racist bigotry, cheap labor and a tax avoidance scheme. He will as he did, chose to say anything and play to the most vile and low life within the American nation, because they were gullible enough to fall for it. They will be the first to suffer when the results come in.
| ||
|
At the end of FY 2017 the US national debt was “guesstimated” to be $23.29 trillion, including federal $20.24 trillion, state $1.17 trillion, and local $1.88 trillion. Keep kicking the can down the road.... Honesty is the best policy.
| ||
|
Should we just keep kick the can down the road?? Honesty is the best policy.
| ||
|
Don't forget our "National Debt" is rising. Rich people and corporation pay less tax from now on. How we can pay down National Debt?? Honesty is the best policy.
|
