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To: kjam22
the question can be this..... Would a person rather have a tax cut, or pay a little more..... Or have the market go up another 25%.

What makes you think increasing taxes is going to make the market go up another 25%?

Precisely the opposite!

The answer is to cut taxes at all levels, but especially at the top bracket, where high taxes inhibit investment and risk taking.

160 posted on 11/20/2017 11:59:26 PM PST by cynwoody
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To: cynwoody; kjam22
U.S. retirement accounts now have over $26 trillion in assets.

What makes you think increasing taxes is going to make the market go up another 25%?

Nobody is increasing taxes. The economy is booming again, more people are working, and there will be more money going into retirement accounts, driving the market further up.

The fact is, historically the S&P 500 has averaged gains of over 10% annually. So over the next 3 years, it is most likely to go up another 25%.

The NASDAQ was at 4700 almost 18 years ago and it was only a couple years ago, that it finally reached that point again. It's only gained about 30% since then. That's less than a 2% gain per year for the 21st century. So it's just beginning to rebound.
165 posted on 11/21/2017 12:42:59 AM PST by Brown Deer (America First!)
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To: cynwoody
I agree with you. But I'm saying, most people would be better off in the long run with a 401k or Ira that grows double digits every year than they would be with that $1100 average middle class tax cut. If I had to chose between the two I would take the growth. That's why Corp tax cuts are so important. When corps make more money, I agree the Wall Street guys make more, but so does everyone holding those stocks in their 401ks etc.

I know someone else will inform me that their house is their investment. Dumb. An investment is something you can sell pretty quickly based on market fluctuations etc. ....... a house that you live in is for holding all your stuff and raising your kids. They ain't the same thing.

170 posted on 11/21/2017 3:22:50 AM PST by kjam22 (America need forgiveness from God)
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