I'm old enough to remember when Democrats lost their mind over Trump raising tariffs because the increased tax would simply be passed onto consumers.

Marxist takeover rolls on ...

You'll have no job and you'll be happy!

General populace who doesn't understand a lick of economics will like this as they only see the words on the surface. Not the murk underneath

Lets just encourage companies to move to other countries and take their jobs with them.

What an idiot.

Sadly almost half the people in this country fully support these ideas because they are also idiots.

txwxman said:

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Just shy of Comrade Reagan's 40% upper rate in the late 80s.

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Because the world hasn't changed at all in the last 44 years?

txwxman said:

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Just shy of Comrade Reagan's 40% upper rate in the late 80s.

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What was the rate before he came into office, Bolshevik?

Claverack said:

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txwxman said:

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Just shy of Comrade Reagan's 40% upper rate in the late 80s.

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What was the rate before he came into office, Bolshevik?

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Irrelevant.

In today's global economy the US , and specifically the middle class will face the brunt of this stupidity.
The last company i worked for, had most of their money parked overseas because Singapore offers a 15% tax rate. About 50% of our business is in Asia, but having a significant amount of your money tied overseas is detrimental to the US economy. All of our M&A activity was outside the US

When Trump reduced corporate taxes, we moved a bunch of money to our US entity (enough to pay $60 million in taxes) to fund M&A activity here. And we are a small cap company with revenue less than a billion. So imagine how much money we are losing out on.

But hey, let Kamala take us back to the 80s. We can show the Soviets how its done.

txwxman said:

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Just shy of Comrade Reagan's 40% upper rate in the late 80s.

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^
^
^
^
Still refers to the "Bush Tax Cuts For The Rich" even though the Dems extended them in 2009 with control of all three branches and a super-majority in the Senate.

txwxman said:

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Just shy of Comrade Reagan's 40% upper rate in the late 80s.

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Well, it WAS 70% before Reagan got his 1981 tax cut passed...

That was all he could get from the Dems then...

deddog said:

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Claverack said:

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txwxman said:

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Just shy of Comrade Reagan's 40% upper rate in the late 80s.

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What was the rate before he came into office, Bolshevik?

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Irrelevant.

In today's global economy the US , and specifically the middle class will face the brunt of this stupidity.
The last company i worked for, had most of their money parked overseas because Singapore offers a 15% tax rate. About 50% of our business is in Asia, but having a significant amount of your money tied overseas is detrimental to the US economy. All of our M&A activity was outside the US

When Trump reduced corporate taxes, we moved a bunch of money to our US entity (enough to pay $60 million in taxes) to fund M&A activity here. And we are a small cap company with revenue less than a billion. So imagine how much money we are losing out on.

But hey, let Kamala take us back to the 80s. We can show the Soviets how its done.

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Completely to the point. Reagan reduced income and corporate tax rates. The economy boomed after a decade of wage and price controls and windfall profits taxes.

So now Kamala proposes to increase the corporate tax rates and make them the highest in the developed world. She also wants to control the profit margin a company can make.

What ever could go wrong?

If you lived in the 1970s, then you know the answer.