President Donald Trump - J.D. Vance Administration

[n_huffhines]

 

[n_huffhines]

 

[BigOrangeMojo]

Set corporate tax rates on a sliding scale based on the number of workers that qualify for and use government assistance programs in spite of being employed, and watch CEO-to-worker pay disparities close, and actual market wages be paid.

Wanna guess which President limited corporate deductibility of executive compensation?

 

[BigOrangeMojo]

I am for an absolute reform of the tax system to eliminate preferences/credits...

Lot of sacred cows and horrible policy ideas put in place by both parties...

 

[Vol8188]

Capital gains are 20% and his secretary is probably in the 22% rate.

Buffett reports cap gains when he sells Berkshire but Berkshire pays billions in taxes each yr...

20% without deductions. His secretary starts out with minus 15k for a standard deduction. Take off more if she has kids. More if she has a retirement account, etc.

Capital gains doesn’t get that.

 

[BigOrangeMojo]

20% without deductions. His secretary starts out with minus 15k for a standard deduction. Take off more if she has kids. More if she has a retirement account, etc.

Capital gains doesn’t get that.

I was assuming that's what he meant that her marginal rate was higher than his capital gains rate. Warren tends to speak in hyperbole too and even the leaked returns proved as much....

 

[Vol8188]

I was assuming that's what he meant that her marginal rate was higher than his capital gains rate. Warren tends to speak in hyperbole too and even the leaked returns proved as much....

I don’t disagree that is likely what he meant. But it’s a complete misrepresentation of reality.

 

[BigOrangeMojo]

I don’t disagree that is likely what he meant. But it’s a complete misrepresentation of reality.

Without the millions of charitable deductions, he was at highest marginal tax rate.

Warren's argument was disingenous.

 

[n_huffhines]

 

[BeardedVol]

You’re only a fool if you see this as a problem. To believe this is a problem implies you believe the pie is fixed and that someone else having more, somehow creates less for you.

The truth is all income levels are consistently better off decade after decade.

It's cute that you are still trying to champion tickle down economics, but after 40+ years of it, the US population is $1.182 trillion in unsecured credit card debt, $1.77 trillion in student loan debt, and $220 billion in medical debt, and no amount of 'bootstrapiness' on their part is going to change that trajectory.

Pretending that is just the result of poor money management while 78% of the population lives paycheck to paycheck, and 59% can't afford a #1000 emergency bill, is rearranging the deck chairs on the deck of the Titanic.

 

[volfanhill]

It's cute that you are still trying to champion tickle down economics, but after 40+ years of it, the US population is $1.182 trillion in unsecured credit card debt, $1.77 trillion in student loan debt, and $220 billion in medical debt, and no amount of 'bootstrapiness' on their part is going to change that trajectory.

Pretending that is just the result of poor money management while 78% of the population lives paycheck to paycheck, and 59% can't afford a #1000 emergency bill, is rearranging the deck chairs on the deck of the Titanic.

That's a ton of personal decisions you are crying about.

Credit card debt
Student loan debt

What are we encouraging people to do?

 

[BigOrangeMojo]

CPAs, Engineers, and Teachers are 3 of the 5 most likely occupations to have a million dollar net worth.....

 

[Vol8188]

It's cute that you are still trying to champion tickle down economics, but after 40+ years of it, the US population is $1.182 trillion in unsecured credit card debt, $1.77 trillion in student loan debt, and $220 billion in medical debt, and no amount of 'bootstrapiness' on their part is going to change that trajectory.

Pretending that is just the result of poor money management while 78% of the population lives paycheck to paycheck, and 59% can't afford a #1000 emergency bill, is rearranging the deck chairs on the deck of the Titanic.

None of that has to do with “trickle down economics”.

If 59% of people don’t have $1000 in their savings, they should work harder.

 

[Vol8188]

BS 50 years ago a single salary provided a home,food, clothing and transportation. Kids actually had mother at home. Now both parents work and it's a struggle.

Because both parents have separate houses and yet they still make more individually and live better (economically, not emotionally or spiritually). It’s not even debatable.

This is the constant lie though that the loser Bernie Bros and big government republicans hold in common (Trump/Vance being solid examples).

 

[Vol8188]

That's a ton of personal decisions you are crying about.

Credit card debt
Student loan debt

What are we encouraging people to do?

I’d love to see how he gets from trickle down economics to student loan debt.

 

[Vol8188]

I am for an absolute reform of the tax system to eliminate preferences/credits...

Lot of sacred cows and horrible policy ideas put in place by both parties...

To a point. There’s some things I think we need to put a greater emphasis on to save our country/world.

Specifically better incentives for straight married couples and for having children. But it should absolutely stop at net $0. Meaning you should be able to pay $0 taxes if you make next to nothing.

But no one, ever, should profit from income taxes

 

[BP4Prez]

CPAs, Engineers, and Teachers are 3 of the 5 most likely occupations to have a million dollar net worth.....

Not surprising. Can obtain each of those careers in a 4 year degree without strapping yourself to a lifetime of student debt. The way it should be.

 

[BeardedVol]

Wanna guess which President limited corporate deductibility of executive compensation?

Executive compensation wouldn't matter if the likes of Walmart and others paid a higher corporate tax rate based on the total number of their workers that still qualify for and use government assistance while employed.

Pay your CEO what you want, but the taxpayers aren't going to subsidize your just-above-poverty-level wages to sustain it.

Walmart's CEO made 976 times the median employee's pay last year

Walmart CEO Doug McMillon's total compensation was over $26.9 million last year. The median compensation for company workers was $27,642.

www.businessinsider.com

 

[Orangeburst]

Executive compensation wouldn't matter if the likes of Walmart and others paid a higher corporate tax rate based on the total number of their workers that still qualify for and use government assistance while employed.

Pay your CEO what you want, but the taxpayers aren't going to subsidize your just-above-poverty-level wages to sustain it.

Walmart's CEO made 976 times the median employee's pay last year

Walmart CEO Doug McMillon's total compensation was over $26.9 million last year. The median compensation for company workers was $27,642.

www.businessinsider.com

cut it to $0 and with 2.1M employees, everyone gets $10.

 

[VAVol85]

That's not the point.

The point is ICE has been subverting the constitution, denying due process, and creating all kinds of chaos (like parading around downtown streets like it's the IDF in Gaza), and these local communities are standing up to their abuse of power. Local PD's, who supposedly are there to serve and protect the people are siding with the people abusing power, and never the people they serve. That is the point.

Let's see one fkn cop ask an ICE agent for a warrant. Find me the one. They don't ask for warrants and due process because they're too busy running crowd interference against their community.

My understanding is that ICE identifies someone (fingerprints or DNA), and then if they can match that to a deportation order (previously derived through due process) then they deport them; if they match their identify to an arrest warrant (previously derived through due process), then they arrest them.

Otherwise, ICE initiates due process to establish whether or not the suspects are citizens or here under some kind of visa or asylum appeal. They are not just throwing people on a plane because they look Hispanic.

 

[Vol8188]

Executive compensation wouldn't matter if the likes of Walmart and others paid a higher corporate tax rate based on the total number of their workers that still qualify for and use government assistance while employed.

Pay your CEO what you want, but the taxpayers aren't going to subsidize your just-above-poverty-level wages to sustain it.

Walmart's CEO made 976 times the median employee's pay last year

Walmart CEO Doug McMillon's total compensation was over $26.9 million last year. The median compensation for company workers was $27,642.

www.businessinsider.com

Agreed. They should fire all those bums

The hilarious part to me is you’ve thought so little about this, that you don’t even realize you’d be penalizing Walmart for giving opportunities to “economically disadvantaged single mothers”.

By virtue of this dumb law, employers would be penalized for hiring single women with children instead of married women and/or childless women

 

[BigOrangeMojo]

Executive compensation wouldn't matter if the likes of Walmart and others paid a higher corporate tax rate based on the total number of their workers that still qualify for and use government assistance while employed.

Pay your CEO what you want, but the taxpayers aren't going to subsidize your just-above-poverty-level wages to sustain it.

Walmart's CEO made 976 times the median employee's pay last year

Walmart CEO Doug McMillon's total compensation was over $26.9 million last year. The median compensation for company workers was $27,642.

www.businessinsider.com

Since you didnt answer, Donald Trump is the POTUS that severely restricted companies being able to deduct exec comp for the officers listed in the proxy.

Again, Wal Mart wont get to deduct most of his compensation on their corp tax return.

He will report his compensation as income on his 1040.

If anything, that's inequitable...

 

[Vol8188]

Executive compensation wouldn't matter if the likes of Walmart and others paid a higher corporate tax rate based on the total number of their workers that still qualify for and use government assistance while employed.

Pay your CEO what you want, but the taxpayers aren't going to subsidize your just-above-poverty-level wages to sustain it.

Walmart's CEO made 976 times the median employee's pay last year

Walmart CEO Doug McMillon's total compensation was over $26.9 million last year. The median compensation for company workers was $27,642.

www.businessinsider.com

I made more than they claim the “median” salary for an employee there is, in 2007 at the age of 19. Working stock crew at Walmart

If you’re working at Walmart and making less than 30k a year, you’re the problem.

 

[Orangeburst]

Trump is trying to bring good jobs back..whether you agree with the methods is debatable. It is no coincidence that the middle class has been gutted with the loss of manufacturing..now you have 1,6M Americans trying to make a living at Walmart.

 

[volfanhill]

Trump is trying to bring good jobs back..whether you agree with the methods is debatable. It is no coincidence that the middle class has been gutted with the loss of manufacturing..now you have 1,6M Americans trying to make a living at Walmart.

He's not. None of those manufacturing jobs will be human jobs. You won't build a new plant based on human work.