Trickle down waterfall has already started...

[Datawiz]

In light of the tax reform that just passed, AT&T has announced that they will give 200,000 employees $1,000 bonuses, and now late tonight, Comcast has joined them, and will award 100,000 employees $1,000 bonuses and will now increase investment in infrastructure over the next 5 years to $50 billion.

So exactly how much does an extra $1,000 in 300,000 employee's hands impact the economy? It's huge.

FU liberals.

If this waterfalls just like the women of hollywood crushing media moguls, our economy could have major positive impacts. So many businesses were cloistered due to the taxation rules. A shit ton of money will become repatriated, and the effects will spiral even further.

[Jeff '79]

[DAB]

i should tell Mrs. DAB to give me a bonus check, for just being me. of course, she would have to take it out of our joint account, and then i'd deposit it in our joint account.....ah, never mind.....

[Datawiz]

Originally Posted by DAB

i should tell Mrs. DAB to give me a bonus check, for just being me. of course, she would have to take it out of our joint account, and then i'd deposit it in our joint account.....ah, never mind.....

Understand the humor for sure.

I doubt you'd then use it for your free cell phone, and monthly stipend for all of your 9 illegitimate kids, as well as their health insurance. Then again, the individual mandate is now gone, so it's likely the Obamacare marketplace will collapse.

[Millenium Vette]

This is huge, no doubt. I think it will be bigger than the 1986 tax cuts. Shit, just the anticipation of cuts this year has lit the economy up. Here in West Michigan, which is heavily dependent on manufacturing, there is a serious labor shortage. That wasn't the case the ten years before. The last time I recall employers begging for help was 1994.

NOBODY else could have pulled this off the way that President Trump has. It's amazing what happens when you have a leader in the White House.

[Thunder22]

My taxes went up.... just sayin'

[Millenium Vette]

Originally Posted by Thunder22

My taxes went up.... just sayin'

How so? (I think I know the answer, but I am often wrong)

[Mike Mercury]

Originally Posted by datawiz

In light of the tax reform that just passed, AT&T has announced that they will give 200,000 employees $1,000 bonuses, and now late tonight, Comcast has joined them, and will award 100,000 employees $1,000 bonuses and will now increase investment in infrastructure over the next 5 years to $50 billion.

mentioning facts like these, means you surely are a

- racist
- bigoted
- manmade global warming denying
- sexist
- homophobic
- gun owning
- Mexico wall supporter

you might laugh; but give ABC, CBS, CNN, MSNBC, NBC time... and this is what will happen to everyone who doesn't keep it quiet.

[Thunder22]

Originally Posted by Millenium Vette

How so? (I think I know the answer, but I am often wrong)

I live in NY/NJ.

'nuff said

[FasterTraffic]

Originally Posted by Thunder22

I live in NY/NJ.

I think this is going to hurt.

[Jeff '79]

My combined school / property taxes are less than $10k so I'll still be able to write the full boat off on that.
Home equity loan interest? Not so much.
For me here in NYS, in my present situation, I calculate that I'll be +/- $1k to the good.
Hell, it's better than nothing.
Time will tell

[Stangkiller]

Originally Posted by Thunder22

I live in NY/NJ.

'nuff said

Isn’t that because you were getting such a large state tax deduction, the feds were effectively subsidizing the state. Now it’s on your state and local officials to either take their hand out of your back pocket, or embrace the real effects of such high local taxes.

Your outrage should be squarely pointed at your state officials not the fed’s on this one.

[Milton Fox]

I would prefer receiving a bonus check in 2018 than now.

[SteelCityBlue]

Originally Posted by Millenium Vette

This is huge, no doubt. I think it will be bigger than the 1986 tax cuts. Shit, just the anticipation of cuts this year has lit the economy up. Here in West Michigan, which is heavily dependent on manufacturing, there is a serious labor shortage. That wasn't the case the ten years before. The last time I recall employers begging for help was 1994.
.

wages up?

[VITE1]

If this tax bills delivers half of what it's promised this will be a significant short term bump and possible long term help to the market place.

One thing it will immediately help will be the Union pension funds that are significantly underfunded. If all the "Bad" thing the left is saying comes true and most businesses pay one time massive dividends and buy back stock then those funds will do significantly better short term.


If those businesses do what the right hope and reinvest in manufaturing and R&D in the USA then it will be a slow and steady increase in valuation for most of these funds as well.

IMHO the main reason the left fought this so hard was that when it works many , especially thier solid union base, will see that their policies of tax and spend are not the solution. And that kills them in 2018 and most likely 2020. The only real solution is solid GDP growth. No matter what the tax rates have been the last 100 years tax revenue is always between 18-20% of GDP.


I have written all my federal representatives telling them that now that we have tax cuts it time to cut spending. All of you need to do the same. When revenue rises politicians LOVE to find new ways to spend it no matter what their party affiliation is.

[Jeff '79]

Originally Posted by VITE1

If this tax bills delivers half of what it's promised this will be a significant short term bump and possible long term help to the market place.

One thing it will immediately help will be the Union pension funds that are significantly underfunded. If all the "Bad" thing the left is saying comes true and most businesses pay one time massive dividends and buy back stock then those funds will do significantly better short term.


If those businesses do what the right hope and reinvest in manufaturing and R&D in the USA then it will be a slow and steady increase in valuation for most of these funds as well.

IMHO the main reason the left fought this so hard was that when it works many , especially thier solid union base, will see that their policies of tax and spend are not the solution. And that kills them in 2018 and most likely 2020. The only real solution is solid GDP growth. No matter what the tax rates have been the last 100 years tax revenue is always between 18-20% of GDP.


I have written all my federal representatives telling them that now that we have tax cuts it time to cut spending. All of you need to do the same. When revenue rises politicians LOVE to find new ways to spend it no matter what their party affiliation is.

Yep... The credit card has a higher limit !
Let's use it says every politician in the country.

[Thunder22]

Originally Posted by Stangkiller

Isn’t that because you were getting such a large state tax deduction, the feds were effectively subsidizing the state. Now it’s on your state and local officials to either take their hand out of your back pocket, or embrace the real effects of such high local taxes.

Your outrage should be squarely pointed at your state officials not the fed’s on this one.

Don't tell me where to point my outrage

I bought into the system with a certain set of rules and have played by the rules religiously, and what I've gotten in return is a kick in the face from the guy I voted for. So basically I did this to myself.

I'm tired of the "it's on your local officials... blah blah blah" The cost of living here in NY/NJ/CT is far far higher than the rest of the country, and the tax breaks were partially in place to off set that, and now they're gone.

So unless you and others have the magic answer as to how to lower the cost of living around here, then you should really stop with the "vote them out" bullshit. Because both have about the same chance of happening.

And next someone will say - welll then just move. Ok, I'll take a poll at Christmas Eve and see if all 70 of us in my family want to do that. Because you know it's easy to just pick up and move to another state leaving your entire family behind. Not to mention, where would you have millions of people move to? your town? can your little towns handle an influx of new residents?

What happens when the all of the people living in the tri-state area move to other states, and those local governments have to provide services to the influx of new people? ooops, that's right, they raise taxes!!!! and then what happens? The cost of living goes up!!!! and we've come full circles.

So yeah, the bullshit of "vote them out", stop crying, etc etc. Yeah, no. The "tax cut for everyone" surely doesn't include "everyone".

[Sea Six]

Originally Posted by Thunder22

Don't tell me where to point my outrage

I bought into the system with a certain set of rules and have played by the rules religiously, and what I've gotten in return is a kick in the face from the guy I voted for. So basically I did this to myself.

I'm tired of the "it's on your local officials... blah blah blah" The cost of living here in NY/NJ/CT is far far higher than the rest of the country, and the tax breaks were partially in place to off set that, and now they're gone.

So unless you and others have the magic answer as to how to lower the cost of living around here, then you should really stop with the "vote them out" bullshit. Because both have about the same chance of happening.

And next someone will say - welll then just move. Ok, I'll take a poll at Christmas Eve and see if all 70 of us in my family want to do that. Because you know it's easy to just pick up and move to another state leaving your entire family behind. Not to mention, where would you have millions of people move to? your town? can your little towns handle an influx of new residents?

What happens when the all of the people living in the tri-state area move to other states, and those local governments have to provide services to the influx of new people? ooops, that's right, they raise taxes!!!! and then what happens? The cost of living goes up!!!! and we've come full circles.

So yeah, the bullshit of "vote them out", stop crying, etc etc. Yeah, no. The "tax cut for everyone" surely doesn't include "everyone".

Those of us who don't live in high cost-of-living states would REALLY love to hear you try to justify why you should get an offset on your tax bill to compensate.

Go.

[Thunder22]

Originally Posted by Sea Six

Those of us who don't live in high cost-of-living states would REALLY love to hear you try to justify why you should get an offset on your tax bill to compensate.

Go.

Your local/state governmetns get millions, sometimes billions back from the feds, we get nothing in comparison. And the money we do pay, offsets the fact that you don't pay as much. So we're subsidizing YOU.

Go.

And you live in Florida. You don't even pay state taxes, why are you even involved in this discussion?

[Bill]

Originally Posted by Stangkiller

Isn’t that because you were getting such a large state tax deduction, the feds were effectively subsidizing the state. Now it’s on your state and local officials to either take their hand out of your back pocket, or embrace the real effects of such high local taxes.

Your outrage should be squarely pointed at your state officials not the fed’s on this one.

It's time for high tax states to embrace the horror.

Get back to your roots, y'all. Bring on the tax revolts!

1776!

Liberals will be dumping I-pads into the harbor!