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Looks like we all get big Tax cuts... Cause that's one thing Repugs can agree on!


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2017 Mar 24, 1:40pm   14,522 views  43 comments

by BoomAndBustCycle   ➕follow (1)   💰tip   ignore  

ACA is here to stay... Well here to die a long slow death of neglect in Red States and hopefully continue to flourish in CA.....

But now they can all get to cutting federal taxes to make it up to their overlords. And the middle class will get a nice crisp $100 bill back after their tiny tax cut crumbs.

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23   Strategist   2017 Mar 26, 5:32pm  

joeyjojojunior says

I've never seen a company that increases R&D spending because of a tax cut, but if you know one--please show me.

Jesus Christ man. All of them.
WTF is wrong with you.

24   bob2356   2017 Mar 26, 7:17pm  

Strategist says

joeyjojojunior says

I've never seen a company that increases R&D spending because of a tax cut, but if you know one--please show me.

Jesus Christ man. All of them.

WTF is wrong with you.

Really? Maybe you should read Flying High: The Story of Boeing and the Rise of the Jetliner Industry. The reason the 747 and 737 exist is the high tax rates of the 1950's made it a better business choice to reinvest in R&D rather than take a profit.

25   bob2356   2017 Mar 26, 7:50pm  

Ironman says

joeyjojojunior says

I've never seen a company that increases R&D spending because of a tax cut,

Where does the money come from to invest in R & D??? The Tooth Fairy??

Companies don't have any money for R&D until there is a tax cut? You learn something new on patnet every single day.

26   Strategist   2017 Mar 26, 8:04pm  

bob2356 says

Ironman says

joeyjojojunior says

I've never seen a company that increases R&D spending because of a tax cut,

Where does the money come from to invest in R & D??? The Tooth Fairy??

Companies don't have any money for R&D until there is a tax cut? You learn something new on patnet every single day.

Companies have more incentives to invest in R&D with a tax cut. You really do learn more about the BS that goes on by some on Patnet.

27   Strategist   2017 Mar 26, 8:32pm  

Ironman says

Strategist says

You really do learn more about the BS that goes on by some on Patnet.

Isn't it amazing the cluelessness that's some people show on a daily basis..

After two years of the bizarre bullshit I read on Patnet, nothing shocks me.

28   Y   2017 Mar 26, 8:44pm  

How do you know it's not jojo talking?

just any guy says

Joeybroscience

29   Strategist   2017 Mar 26, 8:59pm  

Ironman says

joeyjojojunior says

That would be like a high school dropout trying to educate a PhD. (probably exactly like that)

Very true, but you should really get some self-esteem and not call yourself a high school dropout. I'm trying to help you, but I realize your limitations. I'll try and make it more simple for you in the future.

Hey Joey, I'll be glad to print you out a PhD certificate for $50.00. For another $100.00 i will nominate you for the Noble Prize.

30   bob2356   2017 Mar 26, 9:05pm  

Strategist says

Companies have more incentives to invest in R&D with a tax cut

Ironman says

No, they have MORE!!

Want to document some real life cases of industries where the corporate tax rate was cut and R&D ramped up? I'll wait until the twelfth of never as usual.

31   bob2356   2017 Mar 26, 10:04pm  

bob2356 says

Want to document some real life cases of industries where the corporate tax rate was cut and R&D ramped up?

I'll take pity and give you guys a running start. After the last tax holiday in 2004 where corporations brought back billions in overseas profits at 5.25%, a YUUUGE, tax cut, how much of that money went into R&D? I'll be waiting, and waiting, and waiting while listening to the crickets chirping bohemian rhapsody.

32   bob2356   2017 Mar 26, 10:18pm  

Ironman says

How many retail stores, restaurants, gas stations, home builders, car dealers, insurance companies, lawyers, plumbers, clothing manufacturers, etc. do R&D????

Or, do all those business not pay any taxes and not hire workers?

So you can't answer the question I see.

How many retail stores, restaurants, gas stations, home builders, care dealers, lawyers, plumbers repatriated overseas profits in 2004? Total strawman. Nice try at shuck and jive.

You said the lower corporate taxes on profits the higher the R&D. Just using industries that do R&D, how much of the repatriated profits taxed at an incredibly low rate of 5.25% went into R&D in 2004? I'll be waiting, and waiting, and waiting while listening to the crickets chirping bohemian rhapsody.

33   bob2356   2017 Mar 26, 11:32pm  

Ironman says

bob2356 says

Just using industries that do R&D,

Is that the only industries that benefit from lower tax rates?

Why don't you just quit before you look like a bigger fool.

Keep on shucking and jiving. Can't can't back up your bullshit once again so let's keep changing the argument.

Ironbrain says the lower the corporate taxes on profits the higher the R&D. Once again ironbrains support for his anal orifice source of information comes down to it's true because I believe it should be true.

34   bob2356   2017 Mar 27, 5:57am  

PCGyver says

The reason higher taxes will get companies to invest more in R&D is because R&D is an expense and when you invest your earnings into expenses then you don't get taxed on profits. The treat of taxes makes a company or person invest their earnings into expenses that way keeping their taxes down.

Bingo. Someone who understands basic accounting. Exactly what happened in my example of boeing in the 60's. Company officers have a fiduciary responsibility to use investors money in the most advantageous way to maximize the investors value. Which would be reinvesting in the company rather than paying high taxes. Low taxes would make it more advantageous to pay dividends or buy back stock.

Still waiting for ironbrains examples. Crickets, just crickets. Isn't ironbrain the one who is always accusing people of running away when they are losing an argument? He is the very embodiment of a perfect troll. I notice strategist disappeared also.

35   bob2356   2017 Mar 27, 9:38am  

Ironman says

joeyjojojunior says

I've never seen a company that increases R&D spending because of a tax cut,

Where does the money come from to invest in R & D??? The Tooth Fairy??

Ironman says

The topic of this thread was will lowering taxes give companies more money to invest in whatever they want. YOU decided to go all anal about R&D, (your typical straw man)

Sorry but is was you and joey went off on an R&D strawman. I joined after that when you guys had made R&D the thread subject. You really don't remember what you post do you?

Doesn't matter R&D, investment, expansion, whatever. Money invested by a company doesn't get taxed no matter what the tax rate is. Either it is a business expense or an asset and comes off the income side (depreciated schedule for assets). The decision to invest/expand/R&D or take the profit and distribute the profit is affected by the tax rate. Lower tax rates actually make taking profits a better decision in most cases.

Of course you will never be posting anything to back up your bullshit. It's true because I believe it should be true.

36   FNWGMOBDVZXDNW   2017 Mar 27, 9:48am  

Looks like we all get big Tax cuts... Cause that's one thing Repugs can agree on!

This remains to be seen.

37   bob2356   2017 Mar 27, 12:01pm  

Ironman says

How does a company invest money that they don't have? Do they take a loan from the Tooth Fairy? Would lower taxes give a company more money to invest in what ever they wanted?

They have the money. Taxes are paid out of profits after all expenses. If they use the money for investment it's not taxed. It comes off the income before profits are realized. That works even for a mom and pop business. Any money that is spent running or growing the business isn't taxed.

Profit is what you put in your pocket after investments/growing the business. Higher taxes means less money for a new car or vacation.

Jesus this is accounting 000.

38   joeyjojojunior   2017 Mar 27, 12:39pm  

It's quite hilarious that the most arrogant posters on here like Strat and Ironman know the least about running a business.

So, to recap. Companies invest MORE in a high tax environment.

It is easily explained and can be historically shown to be the case.

39   RWSGFY   2017 Mar 27, 6:06pm  

Taxes are too damn high.

40   missing   2017 Mar 27, 6:25pm  

Jr, only PhD's in math and physics count (but not all of them).

41   missing   2017 Mar 27, 6:28pm  

joeyjojojunior says

So, to recap. Companies invest MORE in a high tax environment.

It is easily explained and can be historically shown to be the case.

The higher the better? 100% the best? Please explain it easily.

42   Strategist   2017 Mar 27, 6:37pm  

bob2356 says

I notice strategist disappeared also.

Hello. He is still here.
You still need more explanations on a simple subject? Wow.

43   Strategist   2017 Mar 27, 6:52pm  

bob2356 says

Strategist says

Companies have more incentives to invest in R&D with a tax cut

Ironman says

No, they have MORE!!

Want to document some real life cases of industries where the corporate tax rate was cut and R&D ramped up? I'll wait until the twelfth of never as usual.

You just don't get it do you? Allow me to come down to your level.
When taxes are cut, corporations make more money.
When corporations make more money, they will invest more in money making projects, in order to make even more money.
A lot of those money making projects require R&D, and more money goes to R&D
Therefore, when taxes are cut, more money goes to R&D.
Simple isn't it?

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