Alinvegas
KING
Give your overall opinion of what will happen over the next 1o years:
Companies will save money and will re-invest it in their business. Businesses will grow and will therefore supply more new jobs. Individuals will find bigger paychecks due to less taxes and will spend it helping the economy to grow. All this is dependent upon the republicans keeping control of congress. If the Dems take over they will quickly raise taxes higher than ever before, ruining any gains we will make.
Will you pay more or less in taxes the next 7 years? Less
What is the average percentage of growth the economy will increase or decrease by over the next 10 years? 4-5%
Will the personal tax cuts be extended, or made permananent, or will they expire in 2025? That depends. If the dems take over they will expire. If not, they will be extended.
Will debt as a share of GDP in 2 years, 5 years, 10 years? I think you left out the word grow. And yes, it will because congress has no will to reduce spending and in fact will continue to raise spending.
What will happen to the GINI index (a measure of income inequality) Will income inequality go up or down over the next 2, 5, 10 years? The gap will increase. I hate the words "Income Inequality", everyone has the chance to improve their lot in life. Some choose to do so, while others are satisfied sucking from the Federal Teet.
Will median real household income go up or down over the next 2, 5, 10 years? Up.
Do you think your effective rate of federal income taxes will go down over the next 2, 5, 10 years? Down
Companies will save money and will re-invest it in their business. Businesses will grow and will therefore supply more new jobs. Individuals will find bigger paychecks due to less taxes and will spend it helping the economy to grow. All this is dependent upon the republicans keeping control of congress. If the Dems take over they will quickly raise taxes higher than ever before, ruining any gains we will make.
Will you pay more or less in taxes the next 7 years? Less
What is the average percentage of growth the economy will increase or decrease by over the next 10 years? 4-5%
Will the personal tax cuts be extended, or made permananent, or will they expire in 2025? That depends. If the dems take over they will expire. If not, they will be extended.
Will debt as a share of GDP in 2 years, 5 years, 10 years? I think you left out the word grow. And yes, it will because congress has no will to reduce spending and in fact will continue to raise spending.
What will happen to the GINI index (a measure of income inequality) Will income inequality go up or down over the next 2, 5, 10 years? The gap will increase. I hate the words "Income Inequality", everyone has the chance to improve their lot in life. Some choose to do so, while others are satisfied sucking from the Federal Teet.
Will median real household income go up or down over the next 2, 5, 10 years? Up.
Do you think your effective rate of federal income taxes will go down over the next 2, 5, 10 years? Down
