Home › Forums › Financial Markets/Economics › “phenomenal” tax announcement
- This topic has 9 replies, 5 voices, and was last updated 7 years, 2 months ago by
FlyerInHi.
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February 9, 2017 at 11:40 AM #22273February 9, 2017 at 12:10 PM #805463
CoronitaParticipantMeh…Upper w2 income people will get fcked either way, no matter who is in office. We are use to it.
February 9, 2017 at 2:16 PM #805470Anonymous
GuestIt will be slightly entertaining to hear the spin when we do get fvcked.
Although the amusement value of these antics will wear down long before 2020.
February 9, 2017 at 3:02 PM #805471FlyerInHi
GuestAll the “amazing”, “tremedous”, etc… sound like a real estate seminar infomercial.
People are bound to feel stupid and ripped-off after falling for the spiel.
February 9, 2017 at 3:49 PM #805472spdrun
Participant“We’ll make Mexico and China pay our taxes.”
February 9, 2017 at 9:30 PM #805490bewildering
ParticipantFlat tax. Increased standard deduction combined with removal of mortgage interest deduction and various other deductions. Value Added Tax (VAT) on imports so essentially a federal sales tax.
The mortgage interest deduction never made any sense to me even though I benefit from it.
February 10, 2017 at 6:13 AM #805497GuestWhy is it that politicians advocating a flat tax are never able to show the arithmetic?
Lower taxes, bigger military, more infrastructure, higher tariffs, but no inflation or debt…
Use the right adjective … “phenomenal” … and it all just adds up!
Brian makes a good point – our executive is now a cross between reality TV and an infomercial.
February 10, 2017 at 9:33 AM #805499GuestA national VAT would never fly in USA. That would consolidate too much power in the federal government.
I hate to give Trump any brownie points, but I do like the border adjustment tax. Theoretically it would encourage exports, discourage imports. But in the end things could end up a wash with a stronger dollar.
But it would force companies who sell in our market to pay taxes here. They can no longer shift profit overseas.
As the dollar gets stronger, it would be more expensive for foreigners to buy our assets. And I can buy condos abroad for retirement, haha… American retirees abroad would enjoy more purchasing power.
Did I overlook anything?
February 10, 2017 at 10:34 AM #805503ParticipantIt wouldn’t be a European-type VAT, it would be in the form of an import tariff, invisible to sheepsumers.
February 10, 2017 at 10:37 AM #805505Guest[quote=spdrun]It wouldn’t be a European-type VAT, it would be in the form of an import tariff, invisible to sheepsumers.[/quote]
But what about state sales taxes? on top of the VAT?
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