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- The Villages, Florida, Political talk (https://www.talkofthevillages.com/forums/villages-florida-political-talk-88/)

- - Tax Cuts? (https://www.talkofthevillages.com/forums/villages-florida-political-talk-88/tax-cuts-229732/)

Quote:

Posted by Guest

Cutting Corpoate tax rate to 15% will spur companies to expand, hire more workers who will pay more personal income taxes. The GDP growth under Barry's eight years was 2%, President Trump plans to more than double that.

Also lowering the Corporate Income tax, currently the highest in the World, will bring companies back from overseas.

Bull! :oops:

If the demand/customers are present...they will hire and expand regardless.

Any tax cuts will be used to bolster stock price/company value, which is how upper management is evaluated...AND ON WHICH THEIR BONUSES ARE BASED.

They will simply be snickering...all the way to the bank.

How so many simpletons on the right fail to understand this...continues to boggle my mind. :ohdear:

Quote:

Posted by Guest

Capital gains taxes hurt the retirees that have pensions that depend on income generated by the market. Not all folks that own stock are rich. Apparently, the left believes that Wall St is only for rich people.

I'm afraid you swung and missed with that post. Poor retirees are a very small percentage of those profiting from low capital gains tax. Should be taxed as regular income as is interest from a CD.