TRUMP 2024

M & L said:
I agree my reading comprehension sucks, in part due to poor eyesight. I keep hearing, I'm so boring and didn't expect that you would want sources. I checked the CBO and only found projections. The original projection for the cost of the tax cut was $1.9 trillion for 10 years. Then in 2019 there was revision downward of the tax revenues. I tried to follow that information but it petered out in a spreadsheet that made projections and revisions for every 6 months. I didn't find anything that would help cement the numbers as actual or historical.

I found the site Federal budget in pictures that pointed out the 42% is what the 1% pays in income tax. It doesn't point out the % of income that the top 1% takes in and it doesn't take FICA (if it"s still called FICA) into account so that number doesn't really mean much.

The Intercept a very, very leftwing site that gives a simple explanation with more permutations of taxes and it shows the top 1% earning 20% of the money and paying 24% of the taxes.

https://theintercept.com/2019/04/13/tax-day-taxes-statistics/

You didn't list your source that indicated the tax cut would increase revenues for the next 10 years, but it probably was or quoted The Heritage Foundation. They are touting an increase in tax revenues using the same numbers you did. I didn't notice The Heritage Foundation taking increased wages into account for increased revenues, so it too is useless.

Here are a few links to articles that I referenced earlier. There are bunches of sites with the same conclusions.

www.budget.senate.gov

Extending Trump Tax Cuts Would Add $3.5 Trillion to the Deficit, According to CBO | U.S. Senate Committee On The Budget

The Official U.S. Senate Committee On The Budget
www.budget.senate.gov



Finally the USA today claims the tax cut is not that big of a deal. They are not saying it was good but they are saying that the negative articles are overdoing on the negativity.

My point which has been lost, tax cut was a stupid move with deficit spending and the economy percolating along. That is the time to fix finances and I wasn't surprised that all you economic geniuses don't recognize that.

Since you asked, I started 3 businesses on my own with the largest growing to 32 employees at 2 locations. I was a terrible leader, as Woody said, my communication is a gumbo of mumbo, jumbo or something to that effect. I'm an excellent partner though and needed someone to explain the gumbo. I have started 2 businesses with a partner and the largest grew to 78 employees with a national presence. My business partner wants to start another business but I think I'm done. I really enjoyed doing the loop on my SeaRay and am thinking about a 2nd boat in the PNW for a trip to Anchorage.
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So your humble brag is you had to start 5 businesses because you kept failing?
 
TimW said:
Oh hell, sure, I can say Trump was wrong.

Don’t know for certain about what, but I know there’s only been ONE perfect person, and it’s no more him or any of us on this thread either.

Happy now, Dildorude?
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About this. Was Trump wrong about Biden crashing the stock market?
 
M & L said:
I agree my reading comprehension sucks, in part due to poor eyesight. I keep hearing, I'm so boring and didn't expect that you would want sources. I checked the CBO and only found projections. The original projection for the cost of the tax cut was $1.9 trillion for 10 years. Then in 2019 there was revision downward of the tax revenues. I tried to follow that information but it petered out in a spreadsheet that made projections and revisions for every 6 months. I didn't find anything that would help cement the numbers as actual or historical.

I found the site Federal budget in pictures that pointed out the 42% is what the 1% pays in income tax. It doesn't point out the % of income that the top 1% takes in and it doesn't take FICA (if it"s still called FICA) into account so that number doesn't really mean much.

The Intercept a very, very leftwing site that gives a simple explanation with more permutations of taxes and it shows the top 1% earning 20% of the money and paying 24% of the taxes.

https://theintercept.com/2019/04/13/tax-day-taxes-statistics/

You didn't list your source that indicated the tax cut would increase revenues for the next 10 years, but it probably was or quoted The Heritage Foundation. They are touting an increase in tax revenues using the same numbers you did. I didn't notice The Heritage Foundation taking increased wages into account for increased revenues, so it too is useless.

Here are a few links to articles that I referenced earlier. There are bunches of sites with the same conclusions.

www.budget.senate.gov

Extending Trump Tax Cuts Would Add $3.5 Trillion to the Deficit, According to CBO | U.S. Senate Committee On The Budget

The Official U.S. Senate Committee On The Budget
www.budget.senate.gov



Finally the USA today claims the tax cut is not that big of a deal. They are not saying it was good but they are saying that the negative articles are overdoing on the negativity.

My point which has been lost, tax cut was a stupid move with deficit spending and the economy percolating along. That is the time to fix finances and I wasn't surprised that all you economic geniuses don't recognize that.

Since you asked, I started 3 businesses on my own with the largest growing to 32 employees at 2 locations. I was a terrible leader, as Woody said, my communication is a gumbo of mumbo, jumbo or something to that effect. I'm an excellent partner though and needed someone to explain the gumbo. I have started 2 businesses with a partner and the largest grew to 78 employees with a national presence. My business partner wants to start another business but I think I'm done. I really enjoyed doing the loop on my SeaRay and am thinking about a 2nd boat in the PNW for a trip to Anchorage.
Click to expand...
I'm not getting drawn into one of your extended back and forth conversations. My source was the CBO as of 2022. Congratulations on starting businesses. I don't think you are recalling 2016/2017 very well. The economy was not "percolating along". It was quite stagnant and unemployment was an issue. That is why Trump was elected in the first place. Now I'm done on this topic. Reading your posts is exhausting. But thank you for your thoughts.

Doing the loop is a bucket list item for me. Instead of wasting your time in this thread, perhaps you could start a thread detailing your loop adventure. It would be a better use of your time.
 
ClarkGriswold said:
About this. Was Trump wrong about Biden crashing the stock market?
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“Muh, duh stock marquette..”. Sux right now too….

1711117504070.png
 
Wow Trump is 3 billion richer today. Not a bad Friday. This is killing the left news outlets to report
 
ClarkGriswold said:
Sure is. Think he will be able to get a bond now?
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Well we had some people saying he wasn't rich because he didn't have that much in cash so just making sure every one knows he is. Seems like he has 500 million in cash that he was going to use for campaigning and that just happens to be what the judgement was. Coincidence's
 
Alkas2710 said:
Well we had some people saying he wasn't rich because he didn't have that much in cash so just making sure every one knows he is. Seems like he has 500 million in cash that he was going to use for campaigning and that just happens to be what the judgement was. Coincidence's
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Yep just another banana republic in the making. But orange man bad? As long as the TDS crowd gets what they want.
 
Alkas2710 said:
Well we had some people saying he wasn't rich because he didn't have that much in cash so just making sure every one knows he is. Seems like he has 500 million in cash that he was going to use for campaigning and that just happens to be what the judgement was. Coincidence's
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Will you make sure everyone knows he was wrong about the stock market crashing?
 
ClarkGriswold said:
Will you make sure everyone knows he was wrong about the stock market crashing?
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If that makes you feel better yes stock market is doing ok and did not crash but thank god it is. our kids can't afford to buy a house with interest rates so high We also need the market to stay up so we can keep pace with inflation and food prices instead of getting ahead we are staying even. So gloat the market didn't crash but I thank god because it's the only thing keeping us afloat.
 
While the economy didn't collapse as Trump said his bank account sure got bigger today. In case anyone missed it. 3 billion dollars worth. Wow
 
Alkas2710 said:
If that makes you feel better yes stock market is doing ok and did not crash but thank god it is. our kids can't afford to buy a house with interest rates so high We also need the market to stay up so we can keep pace with inflation and food prices instead of getting ahead we are staying even. So gloat the market didn't crash but I thank god because it's the only thing keeping us afloat.
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Thanks for the extra info. Was just looking for a yes or no.
 
The Islamic State (ISIS) has claimed responsibility for the Moscow terrorist attack.

Wait. Didn't TFG wipe ISIS off the face of the earth?
 
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