President Donald J. Trump

[GravitySucks]

My original point was to make sure people like Doc know they are not paying any tax - death or estate - on a measly couple hundred thousand dollars. That it only affects multimillionaires like you not middle class shlubs like Doc and me

I Already donated half my estate to MV and Mr Fidget. No way am I letting Mitch McConnell and Paul Ryan profit from my death. In fact they will pay for my burial in a veteran's cemetary.

[136 or 142]

I Already donated half my estate to MV and Mr Fidget. No way am I letting Mitch McConnell and Paul Ryan profit from my death. In fact they will pay for my burial in a veteran's cemetary.

Your estate will go to President Putin, your President.  (He's also your defacto Prime Minister.)

[TigerLily]

I have found myself explain math to accountants my whole life.

You can use the death tax to reduce a deficit, but if someone doesn't die or if someone uses a loophole, that did not create the deficit. Deficit spending created the deficit.

And  taking more money coming in than going out is the only way to it pay it down.

Your next argument is spend less. But I already addressed that. The Trump plan was to take money out of healthcare to pay for the tax decreases on billionaires. Slashing healthcare hasn't worked yet, ergo increased deficit.  Kind of like our taxes will now pay for the Stupid Wall instead of Mexico or that expenditure will also add to the deficit

[Yorkshire pud]

Or maybe these companies just need smarter executives.

Of course, I don't know if what you say is true or not.

I don't support corporate income taxes anyway.  Just tax all dividends and capital gains at the 'normal rate.' 

However, corporate income taxes and the estate tax are two completely separate taxes.

And boys and girls, if you earn your money as an American citizen in say the UK, you pay tax in the UK on those earnings and the US. But if you're a huge corporation like Amazon or Google you register in say Lichtenstein and avoid both.

[136 or 142]

And boys and girls, if you earn your money as an American citizen in say the UK, you pay tax in the UK on those earnings and the US. But if you're a huge corporation like Amazon or Google you register in say Lichtenstein and avoid both.

Not so, any American citizen would pay taxes on the dividends they receive from the corporations they have shares in.

[Yorkshire pud]

Not so, any American citizen would pay taxes on the dividends they receive from the corporations they have shares in.

Sure, but the company avoids corporation tax. But Amazon has never posted a profit, so that's avoided too.

[TigerLily]

I Already donated half my estate to MV and Mr Fidget. No way am I letting Mitch McConnell and Paul Ryan profit from my death. In fact they will pay for my burial in a veteran's cemetary.

Yeah. Typical. Expecting the Government to bury your sorry ass

[GravitySucks]

And boys and girls, if you earn your money as an American citizen in say the UK, you pay tax in the UK on those earnings and the US. But if you're a huge corporation like Amazon or Google you register in say Lichtenstein and avoid both.

It all depends. Once again the US tax code is complex. If a US citizen goes to work in a foreign country, it depends on the agreements we have with that country. Some, if you are taxed there, you are not taxed here except SocSec and Medicare. Some you are taxed in the whole anount. Some you have an exemption for the first $N dollars.

[TigerLily]

I have found myself explain math to accountants my whole life.

You can use the death tax to reduce a deficit, but if someone doesn't die or if someone uses a loophole, that did not create the deficit. Deficit spending created the deficit.

People die. Fact of life. Except me. I'm immortal

[136 or 142]

Sure, but the company avoids corporation tax. But Amazon has never posted a profit, so that's avoided too.

Does Amazon pay dividends to shareholders?

Again, it's not like my suggestion is my own:
https://www.theatlantic.com/business/archive/2010/10/why-we-should-eliminate-the-corporate-income-tax/65351/

From the article:
The corporate income tax doesn't raise that much money  It's not nothing--about $300 billion. But we could recoup a whole lot of that simply by taxing dividends and capital gains as ordinary income, and perhaps tweaking top rates.  That might be a bargain conservatives would go for.  (Ordinary income/normal rates)

[GravitySucks]

Yeah. Typical. Expecting the Government to bury your sorry ass

And if I could arrange it it would be face down so they could (figuratively) kiss that sorry ass they walked by.

[Billy Joe Mulgreavey]

And boys and girls, if you earn your money as an American citizen in say the UK, you pay tax in the UK on those earnings and the US. But if you're a huge corporation like Amazon or Google you register in say Lichtenstein and avoid both.

Lichtenstein?  Isn't that Doctor Doom's joint?

[GravitySucks]

And  taking more money coming in than going out is the only way to it pay it down.

Your next argument is spend less. But I already addressed that. The Trump plan was to take money out of healthcare to pay for the tax decreases on billionaires. Slashing healthcare hasn't worked yet, ergo increased deficit.  Kind of like our taxes will now pay for the Stupid Wall instead of Mexico or that expenditure will also add to the deficit

I have voiced my plan for sometime. 30% decrease in every federal agency as a starting point.

You could tax the income of every billionaire at 100% and we would still have a budget deficit. Think about that for a second or two. Spending and the size of government is out of control and has been since the 90's.

[TigerLily]

Lichtenstein?  Isn't that Doctor Doom's joint?

Ukraine. He predicted it was the safest place in the world. Of course that was before the Russian invasion. But at least it was after Chernobyl I believe

[GravitySucks]

Does Amazon pay dividends to shareholders?

Again, it's not like my suggestion is my own:
https://www.theatlantic.com/business/archive/2010/10/why-we-should-eliminate-the-corporate-income-tax/65351/

From the article:
The corporate income tax doesn't raise that much money  It's not nothing--about $300 billion. But we could recoup a whole lot of that simply by taxing dividends and capital gains as ordinary income, and perhaps tweaking top rates.  That might be a bargain conservatives would go for.  (Ordinary income/normal rates)

$300 billion is 25% of the discretionary spending budget. How is that nothing???

If it was dropped in percentage and the trillions were repatriated, even if they were only paid out in dividends, the taxes would still bring in more money.

[GravitySucks]

Ukraine. He predicted it was the safest place in the world. Of course that was before the Russian invasion. But at least it was after Chernobyl I believe

I though his mail order bride kicked him out. He should have seen that coming.

[TigerLily]

I have voiced my plan for sometime. 30% decrease in every federal agency as a starting point.

You could tax the income of every billionaire at 100% and we would still have a budget deficit. Think about that for a second or two. Spending and the size of government is out of control and has been since the 90's.

Obviously we need more billionaires and less poor and middle class people

[TigerLily]

I though his mail order bride kicked him out. He should have seen that coming.

She did. I think he lives in Tarzana now

[136 or 142]

I have voiced my plan for sometime. 30% decrease in every federal agency as a starting point.

You could tax the income of every billionaire at 100% and we would still have a budget deficit. Think about that for a second or two. Spending and the size of government is out of control and has been since the 90's.

Deficits have been out of control since George W Bush's idiotic tax cut scheme. Until then, there was 'surpluses as far as the eye could see.'

Of course, you know this 30% decrease isn't going to happen. Or, if you didn't live in Russia and paid attention to the Congressional debates, you'd know it isn't going to happen.

[GravitySucks]

Deficits have been out of control since George W Bush's idiotic tax cut scheme. Until then, there was 'surpluses as far as the eye could see.'

So when they expired, Obama celebrated by doubling the national debt?

[TigerLily]

Yes, Russia must really not be aware of actuarial tables.

But they know all about the NFL

[136 or 142]

So when they expired, Obama celebrated by doubling the national debt?

Not all of the taxes were raised back, and by that time Obama had to deal with the Bushcession.  Or, more accurately the BushGreenspancession.

Of course, Obama did not address the deficits sufficiently enough in his second term, and the Republicans pretended to care about that.  But, if you weren't in Russia you'd know the Republicans were just lying.

Also, isn't it the standard Republican argument that Congress controls spending?  So, for 6 of Obama's eight years as President, it was the Republican House that is to blame for the deficits.  I guess living in Russia you're not familiar with that bit of dejure nonsense.

[TigerLily]

So when they expired, Obama celebrated by doubling the national debt?

Takes time to turn the Titanic. I just wrote that because I like being alliterative

[GravitySucks]

Alright class, that concludes our lesson for today and this week. Reading assignments are in your syllabus. Since this is the end of the first quarter, make sure you remit 25% of any monies you have left in your campus meal plan account. The cafeteria counted on you eating more last quarter. Some of uou thought you would be frugal and save money - for YOURSELF. Sorry. You have increased the deficit by your failure to spend, so this must be resolved before Monday.

Dismissed

[GravitySucks]

Takes time to turn the Titanic. I just wrote that because I like being alliterative

I will hold you at the bow of my yacht and you can illiterate to your hearts content.

[136 or 142]

Alright class, that concludes our lesson for today and this week. Reading assignments are in your syllabus. Since this is the end of the first quarter, make sure you remit 25% of any monies you have left in your campus meal plan account. The cafeteria counted on you eating more last quarter. Some of uou thought you would be frugal and save money - for YOURSELF. Sorry. You have increased the deficit by your failure to spend, so this must be resolved before Monday.

Dismissed

In Soviet Russia professors don't need to make sense. (And certainly FSB disinformation officers don't)

[TigerLily]

Alright class, that concludes our lesson for today and this week. Reading assignments are in your syllabus. Since this is the end of the first quarter, make sure you remit 25% of any monies you have left in your campus meal plan account. The cafeteria counted on you eating more last quarter. Some of uou thought you would be frugal and save money - for YOURSELF. Sorry. You have increased the deficit by your failure to spend, so this must be resolved before Monday.

Dismissed

Good. I have special office hours with the teacher

[Billy Joe Mulgreavey]

Takes time to turn the Titanic. I just wrote that because I like being alliterative

And it sounds a lot better/smoother than "it takes time to turn the Edmund Fitzgerald." 

[GravitySucks]

And  taking more money coming in than going out is the only way to it pay it down.

Your next argument is spend less. But I already addressed that. The Trump plan was to take money out of healthcare to pay for the tax decreases on billionaires. Slashing healthcare hasn't worked yet, ergo increased deficit.  Kind of like our taxes will now pay for the Stupid Wall instead of Mexico or that expenditure will also add to the deficit

He discussed reducing federal budgets - different tract than the healthcare issue.

The federal government should not be paying for healthcare.

[Yorkshire pud]

And it sounds a lot better/smoother than "it takes time to turn the Edmund Fitzgerald."

Okay...the Titanic hit an iceberg and sank was transported by aliens to outer space.