Corporations or Regular People - who Wins in the House Tax plan? In case you are in any doubt, watch the entire video to see how corporations keep deductions that are removed from...

PaulPisces Loc: San Francisco

In case you are in any doubt, watch the entire video to see how corporations keep deductions that are removed from ordinary people under the House tax plan.
The most galling of all is that corporations are still allowed to deduct State and Local taxes, but we as individuals are not.
We get to be taxed on our taxes, but such a silly requirement is not made of corporations.

http://www.youtube.com/watch?v=AZwlNcnkFwY

proud republican Loc: RED CALIFORNIA

PaulPisces wrote:

In case you are in any doubt, watch the entire video to see how corporations keep deductions that are removed from ordinary people under the House tax plan.
The most galling of all is that corporations are still allowed to deduct State and Local taxes, but we as individuals are not.
We get to be taxed on our taxes, but such a silly requirement is not made of corporations.

http://www.youtube.com/watch?v=AZwlNcnkFwY

Dont forget Paul big corporations are the ones that hire little people like us, so if they get taxed a little less its ok with me...

PaulPisces Loc: San Francisco

proud republican wrote:

Dont forget Paul big corporations are the ones that hire little people like us, so if they get taxed a little less its ok with me...

That idea is a marketing ploy, PR.
There's nothing to indicate that corporations will do anything but pocket the windfall, most likely in the form of stock buybacks and dividends to pass on to their shareholders.

It would make me very happy indeed if the tax cut created jobs and wealth for the working class.
Unfortunately, corporations' sole purpose is to make money for their shareholders, and shareholders generally want their profits now as opposed to later.
Tax cuts to corporations are the perfect vehicle for that.

Bad Bob Loc: Virginia

PaulPisces wrote:

In case you are in any doubt, watch the entire video to see how corporations keep deductions that are removed from ordinary people under the House tax plan.
The most galling of all is that corporations are still allowed to deduct State and Local taxes, but we as individuals are not.
We get to be taxed on our taxes, but such a silly requirement is not made of corporations.

http://www.youtube.com/watch?v=AZwlNcnkFwY

Hemiman Loc: Communist California

PaulPisces wrote:

That idea is a marketing ploy, PR. br There's noth... (show quote)

I own lots of stock and I like stock dividends and buy backs.

PaulPisces Loc: San Francisco

Hemiman wrote:

I own lots of stock and I like stock dividends and buy backs.

Then you are likely to profit if the tax plan passes.
Working folks, not so much.

Bad Bob Loc: Virginia

Hemiman wrote:

I own lots of stock and I like stock dividends and buy backs.

What stock ya got Hemi?

PeterS

PaulPisces wrote:

In case you are in any doubt, watch the entire video to see how corporations keep deductions that are removed from ordinary people under the House tax plan.
The most galling of all is that corporations are still allowed to deduct State and Local taxes, but we as individuals are not.
We get to be taxed on our taxes, but such a silly requirement is not made of corporations.

http://www.youtube.com/watch?v=AZwlNcnkFwY

Corporations win because they get to keep all their current deductions--and they said this was going to be tax reform didn't they...

roy

PeterS wrote:

Corporations win because they get to keep all their current deductions--and they said this was going to be tax reform didn't they...

Yes and who will end up paying for all this,the middle class,your kids and grandkids,and the elderly.But this is the gop bill they show very well who they support.

buffalo Loc: Texas

PaulPisces wrote:

That idea is a marketing ploy, PR. br There's noth... (show quote)

It is more supply-side, voo-doo, gift to the multi-national corporations and their ultra wealthy owners trickle down economic LIES!