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The real reason for the tax reform December 17, 2017

Posted by hslu in Congress, 美國, Democracy, Trump, 川普.
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Robert Reich: The Three Big Lies About Trump’s Tax Plan

https://www.yahoo.com/newsroom/vibes/donald-trump/v-88cfc604-82db-3595-984d-76ff5706bcff_c-455901b8-a707-3e91-8b87-fb22e35b306a_a-455901b8-a707-3e91-8b87-fb22e35b306a

You need to first read what Reich has to say about the lies of Republican’s tax reform plan.

I am going to tell you the real reason of the Republican’s tax plan: to soak the rich by eliminating the estate tax all together in a few years from now. 

Do you think the guys and gals who have hundreds of millions or billions of assets care about getting a few thousand dollars of tax money a year from the government? 

Definitely not.

But, saving billions on estate tax is a big thing for the top 1%.

Let’s face it. A billion dollar estate tax saving is a very very big thing even for a guy like Trump. But has Ttump told the American people about this?

He doesn’t want you saying anything at all.

There you have it and that’s the way it is.

Source: Forbes.

May I ask you how many dollars will you get from the Republicans? 

$500, $1,000, $3,000 a year? 

You (the so-called middle class) are happy, aren’t you?

Well, Trump is laughing in his dreams because his CPA already told him how much more he’ll keep his money instead of give it to the government.

3% vs 2% September 30, 2017

Posted by hslu in 美國, Do you know?, Economics, Health Insurance, Obamacare, Taxes.
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We’re talking about the growth rate of American’s economy in the next 10 years.

Trump, well his underling, said that America’s economy will grow 3% on average for the next 10 years after Republican’s tax reform is enacted as law.

Source: Bloomberg.

You see, Republican and Democrat are ‘兩個烏鴉一般黑’, they are ‘一丘之貉’. They use this kind of financial trick to tell American citizens that even though their program, be it Obamacare in 2009 or tax reform in 2017, will increase deficit, but the resulting higher economic growth will generate enough taxes to make the new program budget neutral: a term you will hear repeatly before the end of this year.

Do you know the impact on American’s national debt if the economy grew 2% instead of 3%? 

About $2 trillion. And that’s assuming the U.S. won’t fall into a recession and no funny accounting gimmicks.

Last year, the U.S. federal deficit was $590 billion but the national debt rose by $1.4 trillion; a whoppying $810 billion difference.

Why? Where did $810 billion go?

Well, check out this link below and read yourself.

https://www.google.com.tw/amp/s/www.forbes.com/sites/johnmauldin/2016/11/02/thanks-to-obamacare-government-debt-is-worse-than-you-think/amp/#ampshare=https://www.forbes.com/sites/johnmauldin/2016/11/02/thanks-to-obamacare-government-debt-is-worse-than-you-think/
Allow me to give you some highlights to get you started:

Do you know that government’s borrowing to make student loans and repairs on highways and bridges aren’t classified as deficit? These items are ‘investments’ so that they don’t count as deficit. In addition, the U.S. government had to borrow some money to pay for social welfare recipiants because the government didn’t collect enough taxes from FICA deductions to pay for social welfare benefits: social security, Medicare and ACA. There are more in the article if your blood pressure is under control.

A warning: as powerful as America is, all bean counters working for the federal government couldn’t figure out where $82 billion went.

This is your America.

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