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Old 06-27-2018, 10:23 PM   #1
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Thanks To Tax Cuts, Companies' Overseas Profits Now Flooding Back To U.S.


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Tax Cuts: They said it wouldn't happen, but it did: The money companies stashed overseas to protect them from high U.S. corporate tax rates is flooding back in, boosting growth, jobs and confidence in the economy. Thank the Trump tax cuts.

All told, the Bureau of Economic Analysis (BEA) reported, some $305.6 billion returned to the U.S. from overseas accounts. That's a $1.2 trillion annual rate, and far more than the $35 billion one year before.

The BEA's analysts explain why this happened: "The large magnitudes (of inward capital flows) ... reflect the repatriation of accumulated earnings by foreign affiliates of U.S. multinational enterprises and their parent companies in the United States in response to the 2017 Tax Cuts and Jobs Act."

In short, the Trump tax cuts did it.

American companies were commonly estimated to have about $2.6 trillion parked in overseas accounts as of 2017. So in the first three months of 2018 alone, some 12% of that overseas stash came back to the U.S. It's now available here for companies to invest, pay out in dividends and bonuses, hire new workers, purchase new plants and equipment, or just buy back stock.

It's a shot in the arm for the U.S. economy.

Of course, you say. It's entirely logical to suppose that by slashing the top corporate tax rate from 35% to 21% — a 40% reduction — and by giving one-time breaks to those companies that had piles of cash sitting overseas, money would flow back into the U.S. After all, Trump's 21% tax rate is now lower than the current OECD average corporate tax rate of 25%.

But last year, when the tax cuts were still a topic of conversation, some in the media seemed to have trouble with this idea.

"GOP tax bill and overseas profits: Beware the hype," ran a headline on the PolitiFact website.

"Why the GOP tax plan to repatriate offshore profits may flop," said a CBS News topper.

"AP FACT CHECK: Trump and the mirage of overseas profits," yelled the AP's not-so-subtle headline.

These and other critiques were of the same ilk, using a 2011 Congressional Research Service study to show why the Trump tax cuts wouldn't work. That study looked at what happened in 2004, when President Bush and congressional Republicans temporarily cut taxes on repatriated profits to 5.25% from 35%.

At the time, the idea was to return financial capital to the U.S. And it worked. Some 843 companies brought back $312 billion.

But, the AP found the cloud's dark lining, noting "those companies tended to use the money to buy back shares of their own stock, not to hire or expand operations." The CRS report itself found that the tax break "did not increase domestic investment or employment."

These assertions need a little context, however.

First, the 2004 profit-repatriation tax break was a one-time event. The Trump tax cuts, in addition to giving companies a break for repatriating overseas profits, cut corporate taxes overall. So the impact will be longer-lasting — permanent, if the Congress makes it so, as it should.

Also, recall that 2004 was a mere three years after the end of the worst stock-market plunge since the Great Depression. Companies' shares were recovering, but many were still beaten down. So buying their own shares, which bolsters a company's financial solvency, looked like a smart move at the time.

And also remember: Interest rates, as measured by the Fed funds rate, were rising sharply back then. From a low of 0.94% at the start of 2004, rates surged to just below 2% at the start of 2005 and over 4% by the start of 2006. That's a fourfold move in two years. Even so, the U.S. unemployment rate during that period fell from 5.4% in 2004 to 4.9% in 2005 and 4.4% by 2006.

Today, no doubt, these same critics would say the same thing. Despite rising interest rates, job growth is more than healthy and key measures of unemployment are close to 30-year lows. Incomes are rising, even as 6 million high-skilled jobs can't be filled. Jobless claims are at all-time lows. It's the healthiest job market in decades.

Yet the befuddled media keep calling these bullish economic data "unexpected."

Well, these weren't "unexpected" by those who said that tax cuts would work like a charm to boost growth. In the second quarter of this year, GDP growth is almost certain to exceed 3%, again. The Blue Chip consensus of economists expect 3.5% growth, while the Atlanta Fed's "GDPNow" estimate is at 4.7% currently.

This happened only because President Trump slashed taxes, cut regulations and in general pursued powerful supply-side stimulus that lifted the economy's ability to produce goods and services.

For the record, GDP growth never topped 3% in any year of Obama's administration. We were told repeatedly by left-leaning economists and pundits that the days of 3% growth were over. We would have to trim our sails and rein in our expectations for the future.

Donald Trump wasn't listening. He still isn't. The Washington Examiner's Paul Bedard reports Trump recently talked about 5% growth, saying, "You ain't seen nothing yet."

Sure, bad things can happen between now and the end of the year. There are shaky economies overseas, including both China and Europe, made all the more sensitive by President Trump's talk of trade tariffs.

After two years of spectacular gains, stock market investors might head to the sidelines for a while. And if the Fed panics and starts raising rates in an anti-inflation frenzy, something it has done repeatedly in the past, it might once again bring down the economy.

Even so, thanks to the tax cuts, literally hundreds of companies have handed out bonuses, raised base pay, and created new benefits for workers. The money that is flowing back into the U.S. is part of that success, creating jobs and income for American workers. Those who say otherwise are, once again, wrong.

https://www.investors.com/politics/e...rofits-return/
But but but crucifissio said they're weren't coming back
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Old 06-27-2018, 11:33 PM   #2
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The VAST majority of that money was acquired by tax loopholes in other countries like Australia that "mostly" have been plugged. It was a one off event, that will never be repeated, sure companies can still bring cash in with what trickles in, but the piggy banks been smashed.

I've yet to see this cash win mentioned in any US Government reports, its all been added in as if been business as usual this year, where its not, there was a one off trillion dollar cash injection that isn't coming again.

As soon as the USA dropped tax rates, panic flew around business in Australia with calls for our Government to reduce rates the same, the main arguments were investment wouldn't come in and multinational companies would pull out and head to the USA.

However...

What's been found is investment has not slowed and no businesses have moved to the USA. There's still call to lower our rates, but they can't use that argument anymore it's been debunked.


ie YOU the American public got played.

And you got played cos it was all but dirty money and the USA government had these multinationals by the nuts over it, Trump was right to allow the loot to come home, but it shouldn't of been a free pass. The most obvious use is Trumps infrastructure plan, he could of funded the thing with the money benefiting everyone but nah... Billionaire buddy boost.
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Old 06-27-2018, 11:57 PM   #3
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The VAST majority of that money was acquired by tax loopholes in other countries like Australia that "mostly" have been plugged. It was a one off event, that will never be repeated, sure companies can still bring cash in with what trickles in, but the piggy banks been smashed.
Oh so no American companies make monies overseas? haha that blind hate gets you every time.
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Old 06-28-2018, 12:16 AM   #4
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Oh so no American companies make monies overseas? haha that blind hate gets you every time.
Its not blind hate, your the one who should see blind hate in the way this was done.

Companies still make money overseas but they just have income now not the accumulated pirate loot Trump's let them bring home.. no strings attached. The tax due on that was your money.. the American publics money, and Trump gave them a free pass where there was no need, just a few dangling carrots would of done it.

If you can't see that.. your blind.
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Old 06-28-2018, 01:54 AM   #5
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But but but crucifissio said they're weren't coming back

who is going to foot the bill for the 40% tax cut OP?

I mean its nice that the patriotic tax cheats rewarded themselves with buybacks and gave a one time carrot to employees...but the picture is a bit bigger than that...

oh and only 12% of the offshore cash came back...88% did not...I was 12% wrong
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Old 06-28-2018, 08:12 AM   #6
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who is going to foot the bill for the 40% tax cut OP?

I mean its nice that the patriotic tax cheats rewarded themselves with buybacks and gave a one time carrot to employees...but the picture is a bit bigger than that...

oh and only 12% of the offshore cash came back...88% did not...I was 12% wrong
Well that's because all the cash isn't necessarily sitting in a bank account waiting to be wired out. A lot of it it is invested. But is is coming back at an annual rate of 1.2 trillion which is a shitload more than your 12% bullshit number.

What's it like to 24/7 hate on #1?
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Old 06-28-2018, 08:46 AM   #7
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Wait till you see Trumpxs re-election results they are going to be insane
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Old 06-28-2018, 09:00 AM   #8
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The VAST majority of that money was acquired by tax loopholes in other countries like Australia that "mostly" have been plugged. It was a one off event, that will never be repeated, sure companies can still bring cash in with what trickles in, but the piggy banks been smashed.

I've yet to see this cash win mentioned in any US Government reports, its all been added in as if been business as usual this year, where its not, there was a one off trillion dollar cash injection that isn't coming again.

As soon as the USA dropped tax rates, panic flew around business in Australia with calls for our Government to reduce rates the same, the main arguments were investment wouldn't come in and multinational companies would pull out and head to the USA.

However...

What's been found is investment has not slowed and no businesses have moved to the USA. There's still call to lower our rates, but they can't use that argument anymore it's been debunked.


ie YOU the American public got played.

.
I'm happy to be the one to break the news to you that based on your post, YOU are the ones who got played.


and you must be naive to think countries no longer offer [tax] law incentives to setup in their country. Just look at Volkswagon, audi, Mercedes in eu, they're setting up in countries that look the other way about their cheating pollution laws with their defeat devices.
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Old 06-28-2018, 09:35 AM   #9
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Well that's because all the cash isn't necessarily sitting in a bank account waiting to be wired out. A lot of it it is invested. But is is coming back at an annual rate of 1.2 trillion which is a shitload more than your 12% bullshit number.

What's it like to 24/7 hate on #1?
so who is gonna foot the bill for the 40% tax reduction to corporations?
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Old 06-28-2018, 09:45 AM   #10
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Oh so no American companies make monies overseas? haha that blind hate gets you every time.
sure american companies made money overseas and sure they parked it there for a long long time.

now they can bring it back for as little as 10%.

but don´t forget for how long they did that.
it was clear that there is ONE BIG wave coming.

and next year ?

your problem is that you think for the moment and never have your mind in what will be next.
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Old 06-28-2018, 09:45 AM   #11
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Wait till you see Trumpxs re-election results they are going to be insane
I mean even the midterms are looking like he might hold. The left keeps nominating card carrying socialist and the likes, touting how it's the right move, they are going to get slapped again and say ''how?''
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Old 06-28-2018, 09:53 AM   #12
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Its not blind hate, your the one who should see blind hate in the way this was done.

Companies still make money overseas but they just have income now not the accumulated pirate loot Trump's let them bring home.. no strings attached. The tax due on that was your money.. the American publics money, and Trump gave them a free pass where there was no need, just a few dangling carrots would of done it.

If you can't see that.. your blind.
i can not 100% agree with you in this point.

actually this was the one and only smart thing trump has ever done.
and he did nothing else than many other countries are doing because no company want to pay tax twice.

you should keep in mind that the profit they made in this countries is already taxed there. if they bring it home and have to tax it again on a high rate it is truly unfair.

but that doesn't mean that this spring keeps bubbling up at this altitude. here only money returns that was earned in decades and that's exactly how long the mountain has grown.

in the coming years this will not only be much less but is an incentive for companies to relocate production abroad - pay very little tax there and return the money to the USA for 10%.

whose jobs do you think will suffer?
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Old 06-28-2018, 10:09 AM   #13
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and next year ?

.
go on. fill us all in on what's going to happen next year........
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Old 06-28-2018, 02:59 PM   #14
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The VAST majority of that money was acquired by tax loopholes in other countries like Australia that "mostly" have been plugged. It was a one off event, that will never be repeated, sure companies can still bring cash in with what trickles in, but the piggy banks been smashed.

I've yet to see this cash win mentioned in any US Government reports, its all been added in as if been business as usual this year, where its not, there was a one off trillion dollar cash injection that isn't coming again.

As soon as the USA dropped tax rates, panic flew around business in Australia with calls for our Government to reduce rates the same, the main arguments were investment wouldn't come in and multinational companies would pull out and head to the USA.

However...

What's been found is investment has not slowed and no businesses have moved to the USA. There's still call to lower our rates, but they can't use that argument anymore it's been debunked.


ie YOU the American public got played.

And you got played cos it was all but dirty money and the USA government had these multinationals by the nuts over it, Trump was right to allow the loot to come home, but it shouldn't of been a free pass. The most obvious use is Trumps infrastructure plan, he could of funded the thing with the money benefiting everyone but nah... Billionaire buddy boost.
Why do you keep referring to this overseas cash as booty or dirty money?? These are multinational corporations headquartered in the United States. They pay whatever taxes they have to by law in whatever other country they are operating in, and now they are able to bring home these profits at a reasonable tax rate back home to the US.

So why exactly do you keep referring to these profits as ill gotten gains?

PS - the money they are bringing home this year is more than Australia's GDP and half of Tommy boy's. U mad?
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Old 06-28-2018, 03:03 PM   #15
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This seems to be working great for Harley Davidson.
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Old 06-28-2018, 03:05 PM   #16
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go on. fill us all in on what's going to happen next year........
According to Tommy, all our multinational companies are shutting down their worldwide businesses after they bring back their billions in ill gotten gains
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Old 06-28-2018, 03:11 PM   #17
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From the little I have read about this, it seems like this might be pretty good for companies in the US. Will it trickle down to employees is another story, but ok, on the face of it, I'll give ol' Trumper-do a +1 for this, for now. I reserve the chance to change my mind on this later.
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Old 06-28-2018, 03:11 PM   #18
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your problem is that you think for the moment and never have your mind in what will be next.
This is the mindset that Trump cultists are trained to have.

On any given day they can hate Harley Davidson, and the next day love them as the all American motorcycle brand, then a week later hate them as an enemy of American values, then a month later love them as embodying everything all American. Sad but true.

Trump cultists used to be against taxes.

Now Trump cultists are pro taxes and tarrifs. Tarrifs are a form of tax we pay on the increased cost of goods and services and tarrif profits go straight to the government
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Old 06-28-2018, 03:13 PM   #19
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[QUOTE=OneHungLo;22295112]


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Old 06-28-2018, 10:43 PM   #20
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According to Tommy, all our multinational companies are shutting down their worldwide businesses after they bring back their billions in ill gotten gains
if you would be able to read and have a brain you could use you would know that all this companies can not make the same abroad in one year as what they made in 20 years.

out of that it will inspire the US companies to produce and sell abroad.
if they pay 5% tax in the offshore country + 10% to bring the money back it is 15% and not 25% as they would pay inside US with additional higher labor costs there.

why do you think the companies react like trump wants?
they react the way they can save most money. and they will go to hell if that brings them an advantage. they give a shit on US workers or the image of your oval office monkey.

you really don´t have a clue !
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Old 06-28-2018, 10:50 PM   #21
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why do you think the companies react like trump wants?
they react the way they can save most money.
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Old 06-28-2018, 10:51 PM   #22
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This is the mindset that Trump cultists are trained to have.

On any given day they can hate Harley Davidson, and the next day love them as the all American motorcycle brand, then a week later hate them as an enemy of American values, then a month later love them as embodying everything all American. Sad but true.

Trump cultists used to be against taxes.

Now Trump cultists are pro taxes and tarrifs. Tarrifs are a form of tax we pay on the increased cost of goods and services and tarrif profits go straight to the government
well i really do not expect that a lot of voters have even the smallest clue how economy works. this is the major problem of voters all over the world and this is the weakest point in any democracy.

but this here have nothing to do with a political meaning. this is a cult and the brainwashed puppies are jumping behind every ball - even when it is thrown from the 15th floor balcony to the street.

they sound like north koreans getting interviewed by a western TV show.
the only difference is that the north koreans are forced to tell crap.
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Old 06-29-2018, 04:55 AM   #23
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Why do you keep referring to this overseas cash as booty or dirty money?? These are multinational corporations headquartered in the United States. They pay whatever taxes they have to by law in whatever other country they are operating in, and now they are able to bring home these profits at a reasonable tax rate back home to the US.

So why exactly do you keep referring to these profits as ill gotten gains?

PS - the money they are bringing home this year is more than Australia's GDP and half of Tommy boy's. U mad?
You seem to think that this is last years income from somewhere, much of the money has been sitting there for decades, Two-thirds of it is held by 8 companies, most in US securities and bonds.. much of it gained via tax haven tax loop holes.

You the American public were owed 35% tax on that, Trumps dropped it to 15% and said bring it back no questions asked. There were not deals, no negotiating just here's a big fat tax payer carrot to suck on, no conditions attached at all.

you the tax payer got played for the sake of a dozen companies...
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Old 06-29-2018, 05:25 AM   #24
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most if not all that money is going to stock buy backs, automation, or just sitting there. Little to non has reached the american worker.
Small one time bonus payouts to a few workers..big whoop!
Insurance premiums rising, gas, and other items eats that bonus up just like that!
Chump gave himself and his family billions with that tax cut, but do go on about how he's for the working man
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Old 06-29-2018, 05:38 AM   #25
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well at least he created terrific value for a few shareholders
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Old 06-29-2018, 05:41 AM   #26
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i can not 100% agree with you in this point.

actually this was the one and only smart thing trump has ever done.
and he did nothing else than many other countries are doing because no company want to pay tax twice.

you should keep in mind that the profit they made in this countries is already taxed there. if they bring it home and have to tax it again on a high rate it is truly unfair.

but that doesn't mean that this spring keeps bubbling up at this altitude. here only money returns that was earned in decades and that's exactly how long the mountain has grown.

in the coming years this will not only be much less but is an incentive for companies to relocate production abroad - pay very little tax there and return the money to the USA for 10%.

whose jobs do you think will suffer?

This is only partially true.

Much of this money has paid very little tax before going back to the US. Tech companies selling non tangible goods likely paid zero corp tax as they book the sale to the offshore haven that their structure eventually domiciles them in.

These companies really should show some corporate responsibility. They are allowed to operate in a free affluent society. They make profits beyond their wildest dreams - then they hoard it offshore.

Why should they not pay taxes ? Why should their success not help to support the society which feeds their wealth ?

What fucking use is a pile of money so large you could never even count it ?

They have to ask themselves what is the actual point of all this money ?

What happened to "do no evil ?"
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Old 06-29-2018, 05:44 AM   #27
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This seems to be working great for Harley Davidson.
You always have to cry about something, don't ya.
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Old 06-29-2018, 05:46 AM   #28
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Chump gave himself and his family billions with that tax cut, but do go on about how he's for the working man
What did Obama do for the Blacks, ZERO. Oh, he built a Basketball court in the White House. LOL!
Keep on talking. You're entertaining now, but shortly, I'll bypass all your entries.
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Old 06-29-2018, 05:48 AM   #29
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This is the mindset that Trump cultists are trained to have.
Oh so now we're a Cult ?
But the Obama followers weren't ? Pull your head out of your ass, wake up and maybe one day you'll make sense.
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Old 06-29-2018, 06:04 AM   #30
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And most of it is being used for stock buy backs. Wages are still pretty much flat. And now when a dem is president again, the gop will scream about the huge deficit.Now they dont say a word. lol
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Old 06-29-2018, 06:34 AM   #31
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And most of it is being used for stock buy backs. Wages are still pretty much flat. And now when a dem is president again, the gop will scream about the huge deficit.Now they dont say a word. lol
True. Toys R Us is closing it's last 700 in America this week, 64,000 jobs lost. Trump cultists make excuses though they insist that nothing bad that happens under Trumps control is Trump's fault.
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Old 06-29-2018, 07:36 AM   #32
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True. Toys R Us is closing it's last 700 in America this week, 64,000 jobs lost. Trump cultists make excuses though they insist that nothing bad that happens under Trumps control is Trump's fault.
"When Toys "R" Us filed for bankruptcy in September 2017, it disclosed it had about $5 billion in debt and was spending about $400 million a year just to service that debt. "

Trumps fault?

What exactly is the connection to Trump and the company that accrued BILLIONS in debt over the last couple decades?

None?

Oh, OK. Got it.

Someone made a video just for you called "All About Bladewire"

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Old 06-29-2018, 07:42 AM   #33
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most if not all that money is going to stock buy backs, automation, or just sitting there. Little to non has reached the american worker.
Small one time bonus payouts to a few workers..big whoop!
Insurance premiums rising, gas, and other items eats that bonus up just like that!
Chump gave himself and his family billions with that tax cut, but do go on about how he's for the working man
It's nuts, that money could of funded your infrastructure project, he should of told those companies.. fuck you, they'd been with holding funds for decades some of them, while other companies had just paid the tax. I think at least Trump should of tried and negotiate with them, do bit of that "Art of the deal shit", but nah bring it back.. no strings attached 60% less tax .. no one will notice
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Old 06-29-2018, 07:45 AM   #34
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well i really do not expect that a lot of voters have even the smallest clue how economy works.
dumb nazi thommy is too dumb to even know economists don't even agree on how economies function.

anyone who's actually studied economics in an academic setting is taught this first.
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Old 06-29-2018, 01:29 PM   #35
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This is only partially true.

Much of this money has paid very little tax before going back to the US. Tech companies selling non tangible goods likely paid zero corp tax as they book the sale to the offshore haven that their structure eventually domiciles them in.

These companies really should show some corporate responsibility. They are allowed to operate in a free affluent society. They make profits beyond their wildest dreams - then they hoard it offshore.

Why should they not pay taxes ? Why should their success not help to support the society which feeds their wealth ?

What fucking use is a pile of money so large you could never even count it ?

They have to ask themselves what is the actual point of all this money ?

What happened to "do no evil ?"
well if they paid a low tax or zero tax was not my point.

this is a very other chapter of the book but the pavlov´s dogs seems to think indeed that american companies give a shit on them.

however this money comes in the facts are:

1. this sum is a sum what was made in decades and it will not be the same ever again.
2. if it went´s to the state it will be taxed with 10% MAXIMUM - the smart ones will give it to their own charity holdings and pay nuts.
3. even with this 10% tax the most of the offshore incomes did not went back.
4. it will give american based companies one more reason to go abroad.

the fucking easiest way to prevent tax is to sell a product what was produces on 100 dollar costs for 110 dollars to an offshore daughter. this offshore daughter sells it for 500 dollars to any country they want.

10 dollars profit will be taxed in US and 390 dollars profit will be taxed for peanuts (like 1%) offshore.

i don´t really understand why pavlov´s dogs don´t get that.
I'm still wavering between completely dumb and under educated and something I could not find out yet.
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Old 06-29-2018, 01:31 PM   #36
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Oh so now we're a Cult ?
yes you are - one of the most stupid i have seen in my live.
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