The Trump Bonuses...........

Congressman Todd Rokita, R-Ind., will introduce legislation that helps Americans keep more of the bonuses they receive by making them tax-free. 

The CRUMBS Act would make bonuses up to $2,500 tax-free.

I am glad that Clinton didnt give the treasury to corps so they can hand out a TINY percentage of their windfall to the plebans, because Trump in his moronic wisdom will likely end up causing the crash and halt of our economy with his idiotic debt laden tax freebies for corps.

I wonder what percentage of the real cost went to the worker...the real costs means that because he GAVE corps a tax holiday, those lost DUE revenues come with a cost...just like giving a discount at the grocery store on some item...that cost will be borne by debt and by reduction in benefits to those who need it the most. So I am curious what "bonus" percentage went to the little peon worker compared to the COST for these decisions. I would wager to say less than 10% of what the taxpayer will foot for Trumps atrocious choices went back to the worker.

Thats making America great for sure.

Oh a "surplus" is that why we just passed a near 2 trillion dollar budget deficit? Yeah when you GIVE corps a freebie, there are still taxes that come in.

Here is the reality....say I owe the IRS 1000 for unpaid taxes, I owed it legit fair and square but I get a lawyer and I pay some lobbyist to grease the wheels to the IRS agent and he ends up letting me off the debt for 400....so I pay the 400. Well to the IRS that 400 is a surplus because these slimeball corps were not paying their tab, so when they got to have a half off sale they brought money back and paid the reduced TAXES on it...

Also, the corp freebies are front loaded...that means the benefit is NOW...the cost is later...so as posted above, keep your eye on the ball longer than a month, more like 5 yrs and see how that "surplus" is working out.

Funny part is those employees and their kids and neighbors are the ones paying for those cookie crumbs via debt service and reduction in social benefits/deferment of projects etc.

There are TWO and actually several issues at play here....so try and keep up and focus your nit picking so you look better informed on the conversation.

The two issues are the corp freebies via Trump and the front loaded plan...we are eating the steak now and paying for it in 5-10 yrs. So my point above was on the other issue...but the issue I stated about SS and his silly bonus posts is that those bonuses are paid for off the back of debt and reduction in programs and services which come when debt service increases. Trumps plan is not budget positive at all, and if rates keep going up the cost of this plan goes up and up and up mid and long term.

The issue you quoted was earlier where I addressed a comment about the surplus in tax reciepts. We allowed the money to come back at reduced rates...and yes what I said addresses that topic. The IRS cannot count as revenue offshored cash that has tax due but has not been paid due to loopholes of offshoring, so when I owe 1000 and I pay lobbyists and lawyers to get me a deal reducing the owed total to 400, yeah that 400 is money received but it is less than what I owe...and when corps get freebies like a tax holiday who ends up paying for it? You know the answer.

Thanks for stopping in to try and pick a fight, you are very good at saying nothing until you can try and criticize something you misunderstand that I post.

Oh you cannot be serious with this. How can this be bad long term? Is that really what you asked? And you say I do not understand the concept?

These decisions are budget negative..they are positive in the front and severely backloaded, so how can that be positive?

I asked the question earlier in the thread and I guess you missed it...how odd is that? I asked what percent of the freebies corps are getting are being returned to the worker? So the cost of these freebies are X and what percent of that is being given to the worker in the way of these media mongering bonuses and back slapping raises? I ventured to suggest 10% might be a high number....yet in reverse these are documented as budget negative, that is a fact even optimistic forecasters know. So who pays for these budget negative freebies? Is it corps with their lawyers, tax accountants, lobbyists or the little guy who is working 3 jobs and barely able to keep track of their finances let alone spend the time knowing these decisions are killing them?

I dont claim to know all things, or maybe even many things...but finance is something I know a bit about so your suggestion of me not knowing how this works or if this is positive is kind of funny. A short term zip and a long term pain are not what I consider positive. I think the whole concept was a mistake, it was an appeasement done to reward corps and the wealthy which is what Trump has shown is his focus over and over and over.

You are right, I think Trump is a dope...I agree with you there. I am not against corps..unless corps are taking advantage and abusing, then I am.

So more nitpicking...pick pick pick...thats fine, you are good at it.

What does it matter what corps I am for? Maybe I am against all, maybe I like 5 maybe I like 10 who cares? The issues I have with corps is well known and stated that due to money and power they get away with abusing the employee and the system and I take issue with that and it has nothing to do with LIKING some corporation or not.

Money being offshore...great one there. Yeah I would rather keep letting corps cheat the tax code when the IRS will throw people in jail or seize their property for tax evasion, yeah that might be the issue. Corps holding offshore cash to avoid taxation is theft, straight out theft. These corps benefit from having operations and doing business here, the code exists and you pay taxes on profits period. The issue isnt me liking the money being offshore it is the abuses of said corps that are hiding money to avoid taxes. So make an ultimatum to either clean up your tax account or move ALL of your business offshore and be FULLY taxed as a foreign entity like other foreign corps...make it nice and easy. You like existing here, living here, having the technology and freedoms here then pay your taxes.

Not exactly technical....so what do you call a tax reduction period of time where rates are dropped for the benefit of the corp, a windfall, a freebie, a surplus what do you want to call it? Silly comment. What do you call cutting corporate tax rates and having the individual pick up the tab in the process? Is that called a surplus, a bonus, a windfall, a freebie? What do you call it?

You are hunting quite poorly today...keep at it you are quite consistent.