With $76B surplus, California proposes rebates for millions

The only thing predictable in the stock market has been that on average you get something like a 6-8% return. That is if you don't market time. Market timers usually get less, except for the few lucky ones.

 

Tax cuts have never resulted in a loss of revenue for the treasury.

 

CY-18 for the Fed Govt.

 

I don't disagree, however I turned a 26% return in 2020 which is unheard of. And there is nothing wrong with a 6 to 8% return. That's great interest on your investments.

 

Lots of people turned great returns in 2020 because everything was at it's low point.

 

Say wha??? Markets have been growing at record levels since 2016. There was a dip in April 2020 (still at 25,000) which was expected, but the recovery was not, especially in a pandemic. Even NASDAQ and S&P saw unprecedented growth in such a small window during the pandemic.

 

Yes they did, in Kansas. In 2013-2014.
And they have federally as well, but revenue still went up so folks like you like to pretend it’s not a loss.
If your employer cuts your pay but gives you more hours, did you take a pay cut?

 

Actually no. Stocks always go up under every president. Growth in 2016 was no different than the previous yea s, only that the media used the stock market numbers to pump up the current administration.

 

If it went up, it cannot be considered a loss. The only cut in my pay that forced me to work more hours for the same money came from the government. How about a tax increase the government uses to support ideology you oppose?

 

It can if it would have gone up more otherwise.
regardless you’re wrong. Kansas tax cuts lowered revenue, and not projected, real dollars.

 

Now tell us about the years when your portfolio under-performed the market.

 

CY-18 had less revenue for the Fed Govt than CY-17, a direct result of the tax cuts

 

Apparently there is no convincing you that the stock market growth under Trump was unprecedented

2008-2010, but I was heavily vest in commercial RIETs and most of my dividend investments in the Dow were transitioned prior to the major collapse and I was somewhat defensively hedged in the S&P. Still took a substantial hit and the recovery was somewhat arduous. Fortunately, my rental properties were long term and weathered the real estate bubble (less my REITs).

 

He must be “missing” your posts as he isn’t acknowledging it — or trying to make up an excuse...

Not surprising with this pathetic OP.

 

yeah... it's a ****ing $ party here.

Rich Orange County....


Lost Angeles...


San Francisco...


Sacramento....




It's a fookin hoot!

 

https://www.macrotrends.net/2481/stock-market-performance-by-president

Doesn't look like the growth under Trump was unprecedented as his predecessor did better than him.

 

Tax cuts by the rules of math always result in less revenue.

 

Because it is not true.

 

And?

 

No, they don’t. You’re overlooking the additional economic activity lower taxes encourage.

 

mathematical fact.

They don’t encourage economic activity. They just result in massive Republican deficits.

 

And now we have a surplus

 

Accountants? Why not just blame corrupt Biden for handing out our tax money to bail out California? They went from 50 billion dollar deficit to a 70 billion dollar surplus..... a 120 billion dollar flip. The American taxpayers contributed 151 billion dollars to California in March to ensure they keep the Democrats in power. These "people" are beneath contempt.

 

California got 40 billion not 151 billion. The article stated California could get 151 billion.

 

Good, it’s about time we got back all the money we pay in taxes