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Responses: 4
LTC Ivan Raiklin, Esq.
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Edited >1 y ago
If a business owner pays less taxes, I suspect they would hire more people with those savings...more jobs for those that bring value to that business (which is an entity that solves market needs).
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Capt Dwayne Conyers
Capt Dwayne Conyers
7 y
Or, buy bigger cars, houses, and tires better vacations...
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SSG Program Control Manager
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Jobs are created by demand (and projected demand) for goods and services... not by profits. It is not unreasonable to believe that tax cuts for corporations will make my 401K will grow a little faster, it is unreasonable to believe that they will create jobs unless the tax cuts or exemptions are specifically crafted to provide more jobs. A good example of this might be the write off for interest on a home loan. By encouraging the rich to buy more homes, you are likely creating some construction jobs, by simply cutting tax rates you may be encouraging them to fly to the French Riviera for a few months. Some good statistics are in the link below.

http://www.faireconomy.org/trickle_down_economics_four_reasons
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SSG Environmental Specialist
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I will say this much under the current tax system those who are worth say 5 million plus most likely have an accounting firm that can ensure they pay as little as possible, so if you take all the deductions possible they most likely pay far less than the 35% they are bracketed in. Same for most corporations, they know how to get around paying taxes under the current system. If Trump implements a flat tax and eliminates enough deductions then most likely those in the higher tax bracket will actually pay more than they currently do.
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MCPO Roger Collins
MCPO Roger Collins
7 y
Tax brackets mean little, the metric that counts is effective rates. An example is I fall in 33% bracket and an effective rate of about 14%. And I do not itemize.
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