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Since President Trump signed new tax cuts into law in 2017, U.S. companies have repatriated $1 trillion back to the United States, according to new data from the Department of Commerce.

“Investment banks and think tanks have estimated that American corporations held $1.5 trillion to $2.5 trillion in offs**** cash at the time the law was enacted. Before the overhaul, companies were incentivized to keep profits overseas because they owed a 35% tax when bringing it back and could defer payment by keeping funds offs****. The law set a one-time 15.5% tax rate on cash and 8% on non-cash or illiquid assets,” Bloomberg News reported.

“The repatriation figures were included in the quarterly report on the current-account deficit, which narrowed by $1.1 billion to $124.1 billion in the July-to-September period. The gap is considered the broadest measure of international trade because it includes income payments and government transfers.”

Some companies, such as Chevron Corp. and Archer Daniels MidlandCo. , have long plowed foreign profits into foreign factories, equipment and other assets that aren’t likely to move. Other companies said they need funds overseas for acquisitions, debt retirement and expansion in growing markets. Moreover, foreign regulators require banks and other financial companies to maintain substantial capital reserves abroad. Those corporations don’t plan to bring much cash home.

Even without the federal government taxing new foreign income as it comes home, costs remain to moving cash across borders. Some U.S. states tax repatriated profits, and some countries impose taxes on dividends paid to parent companies.

Meanwhile, America is in the middle of its greatest stock market rally ever, The Gateway Pundite reported last week.

The markets have repeatedly reached another all-time high — more than 120 times the 2016 election.

After Trump was elected the stock markets exploded. The markets are a gauge of the economy and include expectations of the future. On Nov. 8th, 2016, the DOW stood at 18,332. Since that date, and after Trump won the 2016 election, the DOW has soared.

The DOW reached its fastest 500-point increase between major milestones under Trump. In January 2018, the DOW surpassed 26,000, and six days later the DOW topped 26,500. Under Trump, the DOW has seen the fastest 1,000; 2,000; 3,000; 4,000; 5,000; 6,000; 7,000, 8,000 and 9,000 point increases in DOW history.

Are you going to support President Trump in 2020?

https://www.thegatewaypundit.c...-commerce-dept-says/

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Investment banks and think tanks have estimated that American corporations held $1.5 trillion to $2.5 trillion in offs**** cash at the time the law was enacted. Before the overhaul, companies were incentivized to keep profits overseas because they owed a 35% tax when bringing it back and could defer payment by keeping funds offs****. The law set a one-time 15.5% tax rate on cash and 8% on non-cash or illiquid assets.

As the Tax Foundation has noted, the tax on past overseas profits is payable over eight years, whether or not the funds are repatriated. Going forward, companies will only be taxed on earnings in the U.S.

The repatriation rate is somewhat slower than initially expected, the Wall Street Journal reported last year, because the U.S. tax rate is only one factor in companies’ decision to keep profits abroad:

Some companies, such as Chevron Corp. and Archer Daniels MidlandCo. , have long plowed foreign profits into foreign factories, equipment and other assets that aren’t likely to move. Other companies said they need funds overseas for acquisitions, debt retirement and expansion in growing markets. Moreover, foreign regulators require banks and other financial companies to maintain substantial capital reserves abroad. Those corporations don’t plan to bring much cash home.

Even without the federal government taxing new foreign income as it comes home, costs remain to moving cash across borders. Some U.S. states tax repatriated profits, and some countries impose taxes on dividends paid to parent companies.

President Barack Obama had long decried the practice of companies shifting profits abroad, though he and his party proposed to add taxes and penalties to “unpatriotic” companies, rather than changing taxes and regulations to create new incentives to invest at home.

The Department of Commerce Bureau of Economic Analysis report also noted that the current account deficit had narrowed by 0.9% in the third quarter of 2019.

https://www.breitbart.com/econ...nder-trump-tax-cuts/

Jack Hammer posted:
The only desired outcome of the D'rats would be higher taxes.
Qbumer's desired outcome was to collapse the small business
middle income including family owned Farming of all types.
 
Trump has already done more for the middle class than the
liberals would ever do, in spite of the corrupt DNC.

For the first time in history, the bottom 50% paid more in taxes than the top 5%. That sure sounds like Trump has done more for working people.

Trump's farm subsidies have cost more than the Automakers loans in 2009 and they won't be paid back like the Automaker loans. Farmers are going out of business at the highest rate in history.

At some point, facts have to matter to Republicans.

Robot Unicorn posted:
Jack Hammer posted:
The only desired outcome of the D'rats would be higher taxes.
Qbumer's desired outcome was to collapse the small business
middle income including family owned Farming of all types.
 
Trump has already done more for the middle class than the
liberals would ever do, in spite of the corrupt DNC.

For the first time in history, the bottom 50% paid more in taxes than the top 5%. That sure sounds like Trump has done more for working people.

Trump's farm subsidies have cost more than the Automakers loans in 2009 and they won't be paid back like the Automaker loans. Farmers are going out of business at the highest rate in history.

At some point, facts have to matter to Republicans.

How about a source for those claims?

 

HIFLYER2 posted:
Robot Unicorn posted:
Jack Hammer posted:
The only desired outcome of the D'rats would be higher taxes.
Qbumer's desired outcome was to collapse the small business
middle income including family owned Farming of all types.
 
Trump has already done more for the middle class than the
liberals would ever do, in spite of the corrupt DNC.

For the first time in history, the bottom 50% paid more in taxes than the top 5%. That sure sounds like Trump has done more for working people.

Trump's farm subsidies have cost more than the Automakers loans in 2009 and they won't be paid back like the Automaker loans. Farmers are going out of business at the highest rate in history.

At some point, facts have to matter to Republicans.

How about a source for those claims?

 

 

For the first time in history, U.S. billionaires paid a lower tax rate than the working class last year.

https://www.washingtonpost.com...ing-class-last-year/

 

In two years Trump has given farmers $28billion. Automakers got $12billion. You can google that one for yourself. There are literally 1000s of articles on the topic. Yes, Socialist Republicans are distributing billions of dollars in taxpayer money.

Robot Unicorn posted:
HIFLYER2 posted:
Robot Unicorn posted:
Jack Hammer posted:
The only desired outcome of the D'rats would be higher taxes.
Qbumer's desired outcome was to collapse the small business
middle income including family owned Farming of all types.
 
Trump has already done more for the middle class than the
liberals would ever do, in spite of the corrupt DNC.

For the first time in history, the bottom 50% paid more in taxes than the top 5%. That sure sounds like Trump has done more for working people.

Trump's farm subsidies have cost more than the Automakers loans in 2009 and they won't be paid back like the Automaker loans. Farmers are going out of business at the highest rate in history.

At some point, facts have to matter to Republicans.

How about a source for those claims?

 

 

For the first time in history, U.S. billionaires paid a lower tax rate than the working class last year.

https://www.washingtonpost.com...ing-class-last-year/

 

In two years Trump has given farmers $28billion. Automakers got $12billion. You can google that one for yourself. There are literally 1000s of articles on the topic. Yes, Socialist Republicans are distributing billions of dollars in taxpayer money.

Again you said paid more not at a higher rate!  Just because you paid at a higher rate does not mean you paid more total!

HIFLYER2 posted:
Robot Unicorn posted:
HIFLYER2 posted:
Robot Unicorn posted:
Jack Hammer posted:
The only desired outcome of the D'rats would be higher taxes.
Qbumer's desired outcome was to collapse the small business
middle income including family owned Farming of all types.
 
Trump has already done more for the middle class than the
liberals would ever do, in spite of the corrupt DNC.

For the first time in history, the bottom 50% paid more in taxes than the top 5%. That sure sounds like Trump has done more for working people.

Trump's farm subsidies have cost more than the Automakers loans in 2009 and they won't be paid back like the Automaker loans. Farmers are going out of business at the highest rate in history.

At some point, facts have to matter to Republicans.

How about a source for those claims?

 

 

For the first time in history, U.S. billionaires paid a lower tax rate than the working class last year.

https://www.washingtonpost.com...ing-class-last-year/

 

In two years Trump has given farmers $28billion. Automakers got $12billion. You can google that one for yourself. There are literally 1000s of articles on the topic. Yes, Socialist Republicans are distributing billions of dollars in taxpayer money.

Again you said paid more not at a higher rate!  Just because you paid at a higher rate does not mean you paid more total!

Really? Arguing semantics? You really don't understand economics, do you.

Robot Unicorn posted:
HIFLYER2 posted:
Robot Unicorn posted:
HIFLYER2 posted:
Robot Unicorn posted:
Jack Hammer posted:
The only desired outcome of the D'rats would be higher taxes.
Qbumer's desired outcome was to collapse the small business
middle income including family owned Farming of all types.
 
Trump has already done more for the middle class than the
liberals would ever do, in spite of the corrupt DNC.

For the first time in history, the bottom 50% paid more in taxes than the top 5%. That sure sounds like Trump has done more for working people.

Trump's farm subsidies have cost more than the Automakers loans in 2009 and they won't be paid back like the Automaker loans. Farmers are going out of business at the highest rate in history.

At some point, facts have to matter to Republicans.

How about a source for those claims?

 

 

For the first time in history, U.S. billionaires paid a lower tax rate than the working class last year.

https://www.washingtonpost.com...ing-class-last-year/

 

In two years Trump has given farmers $28billion. Automakers got $12billion. You can google that one for yourself. There are literally 1000s of articles on the topic. Yes, Socialist Republicans are distributing billions of dollars in taxpayer money.

Again you said paid more not at a higher rate!  Just because you paid at a higher rate does not mean you paid more total!

Really? Arguing semantics? You really don't understand economics, do you.

Facts are not Semantics Rate and total paid are not the same.  Yes, I have proven I understand and you have proven you do not.

HIFLYER2 posted:
Robot Unicorn posted:
HIFLYER2 posted:
Robot Unicorn posted:
HIFLYER2 posted:
Robot Unicorn posted:
Jack Hammer posted:
The only desired outcome of the D'rats would be higher taxes.
Qbumer's desired outcome was to collapse the small business
middle income including family owned Farming of all types.
 
Trump has already done more for the middle class than the
liberals would ever do, in spite of the corrupt DNC.

For the first time in history, the bottom 50% paid more in taxes than the top 5%. That sure sounds like Trump has done more for working people.

Trump's farm subsidies have cost more than the Automakers loans in 2009 and they won't be paid back like the Automaker loans. Farmers are going out of business at the highest rate in history.

At some point, facts have to matter to Republicans.

How about a source for those claims?

 

 

For the first time in history, U.S. billionaires paid a lower tax rate than the working class last year.

https://www.washingtonpost.com...ing-class-last-year/

 

In two years Trump has given farmers $28billion. Automakers got $12billion. You can google that one for yourself. There are literally 1000s of articles on the topic. Yes, Socialist Republicans are distributing billions of dollars in taxpayer money.

Again you said paid more not at a higher rate!  Just because you paid at a higher rate does not mean you paid more total!

Really? Arguing semantics? You really don't understand economics, do you.

Facts are not Semantics Rate and total paid are not the same.  Yes, I have proven I understand and you have proven you do not.

I'm so sorry. I thought you were intelligent enough to understand.  You can't pay more total taxes if you only have 10% of the money. I won't make the mistake of assuming your intelligence level again. My bad.

Robot Unicorn posted:
HIFLYER2 posted:
Robot Unicorn posted:
HIFLYER2 posted:
Robot Unicorn posted:
HIFLYER2 posted:
Robot Unicorn posted:
Jack Hammer posted:
The only desired outcome of the D'rats would be higher taxes.
Qbumer's desired outcome was to collapse the small business
middle income including family owned Farming of all types.
 
Trump has already done more for the middle class than the
liberals would ever do, in spite of the corrupt DNC.

For the first time in history, the bottom 50% paid more in taxes than the top 5%. That sure sounds like Trump has done more for working people.

Trump's farm subsidies have cost more than the Automakers loans in 2009 and they won't be paid back like the Automaker loans. Farmers are going out of business at the highest rate in history.

At some point, facts have to matter to Republicans.

How about a source for those claims?

 

 

For the first time in history, U.S. billionaires paid a lower tax rate than the working class last year.

https://www.washingtonpost.com...ing-class-last-year/

 

In two years Trump has given farmers $28billion. Automakers got $12billion. You can google that one for yourself. There are literally 1000s of articles on the topic. Yes, Socialist Republicans are distributing billions of dollars in taxpayer money.

Again you said paid more not at a higher rate!  Just because you paid at a higher rate does not mean you paid more total!

Really? Arguing semantics? You really don't understand economics, do you.

Facts are not Semantics Rate and total paid are not the same.  Yes, I have proven I understand and you have proven you do not.

I'm so sorry. I thought you were intelligent enough to understand.  You can't pay more total taxes if you only have 10% of the money. I won't make the mistake of assuming your intelligence level again. My bad.

Again that is not want you posted just like the other thread!  Rate and total are two distinctly different things.  Someone might pay a lower rate but actually have a much higher tax total due to the incomes involved.  Again 43% ish of Americans pay no income tax after their tax credits are applied.  Yea don’t assume my intelligence level is low enough you can get away with lies and substitution of lies from the of facts!  

Last edited by HIFLYER2
HIFLYER2 posted:

Again that is not want you posted just like the other thread!  Rate and total are two distinctly different things.  Someone might pay a lower rate but actually have a much higher tax total due to the incomes involved.  Again 43% ish of Americans pay no income tax after their tax credits are applied.  Yea don’t assume my intelligence level is low enough you can get away with lies and substitution of lies from the of facts!  

Again, I assumed your intelligence level was high enough to know the bottom 50% of Americans control 1% of the money. I won't make the mistake of overestimating your intelligence again, Sorry.

 

By all means, stick to the argument of a .4% tax break for most Americans. That 12% given to Corporations is so minuscule.

I notice you carefully avoided discussion of the 'farmer bailout'.

Last edited by Robot Unicorn

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