Please disable your Ad Blocker to better interact with this website.

Image Image Image Image Image Image Image Image Image Image

Affluent Christian Investor | December 8, 2023

Scroll to top

Top

No Comments

Trump Tax Cut is a Big Break For Anyone Making a Living, Not Just For Business

Donald John Trump, Republican candidate for United States President  (Photo by Gage Skidmore) (CC BY-SA) (Resized/Cropped)

Donald John Trump, Republican candidate for United States President
(Photo by Gage Skidmore) (CC BY-SA) (Resized/Cropped)

The reduction in tax revenue can only lead to increases in payments to (1) individuals—wages, salaries, bonuses; (2) dividends or stock repurchases from shareholders; these lead to greater revenues from individual income taxes offsetting in part the Treasury revenue lost from the lower corporate tax rate. (3) The rest will be invested directly in product development, capital goods, R&D or financial instruments. Investments now in foreign subsidiaries will have an incentive to return home where the after tax return is much sweeter. The economy is likely at last to grow, and the much awaited inflation may finally arrive. We now might even be competitive with Ireland. Foreign countries will be forced to lower their corporate taxes or suffer the economic consequences.

I should add that the chart “Big Break For Business” is just wrong. It is a big break for all who produce and make a living.

All business receipts are paid out to someone; none of it gets lost or stuck inside the business.

https://www.wsj.com/articles/trump-wants-tax-plan-to-cut-corporate-rate-to-15-1493057898

 

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

Sorry. No data so far.

The Affluent Mix

Become An Insider!

Sign up for Affluent Investor's free email newsletter and receive a free copy of our report, "The Christian’s Handbook For Transforming Corporate America."