First October Suprise!

He legally could have taken a tax deduction for 18 years.

Should he have?

Trump isn't the one wanting to raise your taxes, Obama and Hillary are.
 
Crooked ILLary said:
Actually it is all of the above.

All of those things INCREASE expenses on a business. Having never run a business, I guess you weren't aware of that.
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Having run my business for over 30 years, I guess you're wrong. You do realize that taxes are paid on profits only? So decreasing overhead would make tax liability higher. In reality, it just means higher CEO pay, and higher dividends.
 
Althea said:
So decreasing overhead would make tax liability higher.
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obviously only if income remained unchanged......reducing overhead by reducing inventory would have the opposite effect......why not just state the simple fact that reducing profit reduces taxes.......having no profit eliminates them.....
 
PostmodernProphet said:
obviously only if income remained unchanged......reducing overhead by reducing inventory would have the opposite effect......why not just state the simple fact that reducing profit reduces taxes.......having no profit eliminates them.....
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Labor rates are never affected by tax breaks. All the money goes to upper level mgmt salary/bonuses, and dividends. Reducing inventory makes no sense if you have demand. Tax breaks do nothing to create demand. Your last sentence segment is silly. Having no profit (actual profit, not accounting gimmick profit) eliminates companies.
 
What is Aleppo? said:
That's why I'm voting for Hillary Clinton, she's a chessmaster. Got everyone blackmailed, assassinates anyone who opposes her. Wields total power over the New World Order, its awesome and terrible bitch queen. She gets shit done.
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This is a joke right?
 
Althea said:
Corporate tax cuts do nothing for them to 'be competitive'. Who are they competing with? Tax cuts typically mean higher CEO pay, and higher dividends.
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Who are they competing with indeed. How about every other country with a lower corporate tax rate and less regulation? One of the things I disagree with Trump on is bringing business BACK to America. I don't think he's going to be able to do it. But he MIGHT be able to convince a younger generation of would-be entrepreneurs to take some risks, and yes, to fail(maybe a lot). And "tax cuts typically mean higher CEO pay, and higher dividends". Why do you care? If you are receiving a product or service that is in demand for a fair price, who cares what they make. Do you research the salaries of the CEO of these companies and make your buying decisions based on that? That must make shopping hell for you!
 
Althea said:
Labor rates are never affected by tax breaks.
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not sure what the above comment has to do with what is being discussed......the question was whether decreasing overhead could result in reduced income......obviously if reduced labor costs are the result of eliminating half your work force and you therefore produce (and sell) half as much, it will have reduced income......you pay taxes if what comes in is greater than what goes out......trying to claim you only have to be concerned with what goes out shows a lack of comprehension......
 
Althea said:
Having run my business for over 30 years, I guess you're wrong. You do realize that taxes are paid on profits only? So decreasing overhead would make tax liability higher. In reality, it just means higher CEO pay, and higher dividends.
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So you should vote for Trump. Then your tax rate would be reduced. You would make more money that you could redistribute to your employees to combat "income inequality", yet it would still be YOUR income and you would retain the awesome patriotic privilege of paying more taxes! #winning!
 
Welfare cheats are smart. Taking everything they can from a capitalist system that had them everything from them. They're just like Trump.
 
callinectes said:
So you should vote for Trump. Then your tax rate would be reduced. You would make more money that you could redistribute to your employees to combat "income inequality", yet it would still be YOUR income and you would retain the awesome patriotic privilege of paying more taxes! #winning!
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I doubtlessly pay a higher tax rate than you, you don't hear me bitching and whining about it endlessly, like some spoiled brat.
 
What is Aleppo? said:
Welfare cheats are smart. Taking everything they can from a capitalist system that had them everything from them. They're just like Trump.
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Tax deductions are not welfare. Leave it to leftist to equate a man legally protecting his own capital to welfare. How does the leftist reach these moronic conclusions? Because he assumes the state has a right to use a convoluted tax system to steal it. The leftist moron is outraged when a clever man is able to beat the state at its own game.
 
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