Trump Cutting Taxes For Stock Traders?

zdreg said:
Do Tax Cuts Increase Government Revenue?
Mike Patton
Mike PattonContributor
Investing
I cover the intersection of economics, politics and personal finance.
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Simplistic. If only the math was that easy.
 
I would agree that it is nonsense. Trump wants to do anything he can do push the market forward no matter what the cost, even if it’s a mathematical certainty that it will collapse on the next president watch. Course he would then just say the next president sucks and he was great even though he was responsible for the whole debacle.
 
carrer said:
Come on guys. Stop blaming the tax cut. Revenue increases after the tax and regulation cuts.
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You hit the nail on the head. Our last balanced budget was in 2001. Since then, inflation is up 46%, federal tax collections are up 74%, and government spending is up an astounding 121%! We don't have a tax collection problem, we have a spending problem.
 
LS1Z28 said:
You hit the nail on the head. Our last balanced budget was in 2001. Since then, inflation is up 46%, federal tax collections are up 74%, and government spending is up an astounding 121%! We don't have a tax collection problem, we have a spending problem.
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Similar to any poorly run business...
 
Folks are so conventional wisdom

we don’t have any problem!

We are still milking the ww2 victory and the empire will rein forever.

Spending is partly why we are so rich.
 
gkishot said:
Nope. When Obama took office in 2009, the federal budget deficit was $10.6 trillion. By the time he left office in 2017, the federal budget deficit had nearly doubled to $19.9 trillion. That's an increase of about 86%.
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Look at numbers. He inherited 1 trillion plus and when he was leaving it was at around 600 billion. Math is easy, just do some subtractions.
 
RedDuke said:
Look at numbers. He inherited 1 trillion plus and when he was leaving it was at around 600 billion. Math is easy, just do some subtractions.
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I gave you the numbers including source quotation. Your numbers are misleading.
 
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