After two years, Trump's tax cuts have failed Americans

[El OchoCinco]

I just sent a letter to Secy of Treasury and Council of Economic Advisors that if we tax farts we can balance the budget within 2 years. Especially with contributions from major Tex-Mex areas of the country.

You can see the full projections in my blog "I Burped In My Diaper!"

 

[ironchef]

No need to be sarcastic.

His posts provided some different perspectives on economics and finance. As far as I can tell, he is a serious economist and deserves respect.

 

[El OchoCinco]

You should answer every question promoting your blog

 

[El OchoCinco]

Before you say it I have already sent President Trump a copy of the book Modern Applied Macroeconomics which puts the work forward.

ok....

 

[El OchoCinco]

.

Plus, tax cuts have really nothing to do with what wage you are earning. What your employer pays you, from his point of view, has nothing to do with how much you will end up paying in taxes when you file. In fact, if the employer knows that this year you will be richer because you will get a bigger tax refund, he may very well use this as a reason to not give you a raise since he knows you will be getting compensated by the taxman.

Doing Ding Ding we have a winner.

As an owner of two business I dont know at all what my employees pay in taxes as for some reason they wont send me a copy of their tax returns haha.

If I was going to give someone a raise of $5k and I find out they are getting $7k more in a tax cut (hypothetically) why give them a raise? So it is a fallacy that tax cuts make me give my employees a raise.

Tax cuts to me mean more.money in my pockets, I was already giving them a raise because my business is doing well, not because of some overpaid civil servant in D.C.

I dont know my.employees tax exemptions or deductions or situations, I pay based on my business and future prospects and Bush, Obama and Trump got nuttin to do with it.

This while myth that tax cuts means higher wages to lower and middle class is a fake presentation under the assumption that they are keeping a little more money via a tax cut so they have a pay raise. However the amount of difference in their paycheck from whatever minuscule tax cut that filters to the poor and middle class is wiped out with higher cost of living, medical expenses and the fact that the tax cut is mostly on paper when filing in April, not a monthly raise.

Tax cuts always benefit the rich who love to put up.misleading charts showing how the poor get 2% more on paper.

 

[volpri]

Doing Ding Ding we have a winner.

As an owner of two business I dont know at all what my employees pay in taxes as for some reason they wont send me a copy of their tax returns haha.

If I was going to give someone a raise of $5k and I find out they are getting $7k more in a tax cut (hypothetically) why give them a raise? So it is a fallacy that tax cuts make me give my employees a raise.

Tax cuts to me mean more.money in my pockets, I was already giving them a raise because my business is doing well, not because of some overpaid civil servant in D.C.

I dont know my.employees tax exemptions or deductions or situations, I pay based on my business and future prospects and Bush, Obama and Trump got nuttin to do with it.

This while myth that tax cuts means higher wages to lower and middle class is a fake presentation under the assumption that they are keeping a little more money via a tax cut so they have a pay raise. However the amount of difference in their paycheck from whatever minuscule tax cut that filters to the poor and middle class is wiped out with higher cost of living, medical expenses and the fact that the tax cut is mostly on paper when filing in April, not a monthly raise.

Tax cuts always benefit the rich who love to put up.misleading charts showing how the poor get 2% more on paper.

Did you give them a raise or two when Mr O was in?

 

[El OchoCinco]

Did you give them a raise or two when Mr O was in?

They get raises every year no matter what fuckstick is in the White House. nice try though.

 

[volpri]

They get raises every year no matter what fuckstick is in the White House. nice try though.

Even in the bad years?

 

[themickey]

Even in the bad years?

In a bad year they take a bath.

 

[SunTrader]

Aren't you assuming ElOchoCinco's company had bad year(s) because he already said he bases his decision on how his company does. As he should. Business is business and politics is .... shit.