Nathan Schmitz

Watch the #Army250 birthday parade! x.com/i/broadcasts/1…

@jgmac1106 @LutherHeggs4 @stoolpresidente I didn’t know I was talking with a politician… thank you for answering 0 of my questions.

@nschmitz2018 @LutherHeggs4 @stoolpresidente You could probably reduce your federal, state, and local tax liability close to zero.

Real talk. Am i getting screwed on taxes? I pay 50% of everything I make to the Gov. Is Kamala saying teachers, nurses and firefighters pay more than 50%? I've asked my accountants for this super wealthy tax break and they cant seem to find it.

@jgmac1106 @LutherHeggs4 @stoolpresidente Okay assuming I maximize these deductions… how much would my $505k change? How much in these investments would I need in order to maximize these deductions?

@nschmitz2018 @LutherHeggs4 @stoolpresidente I gave the best example to maximize deductions. Anyone who makes a million dollars in NYC with no deductions is too dumb to ever made a million dollars in NYC.

@jgmac1106 @LutherHeggs4 @stoolpresidente Now you are making the assumption that anyone who makes $1,000,000 in NYC owns real estate. You get deductions by donating money or various investment opportunities, but in order to get those deductions you reduce your take home pay: money entering your savings every week.

@nschmitz2018 @LutherHeggs4 @stoolpresidente No. The deductions silly If you make a million dollars and have not a single deduction. You are a moron

@jgmac1106 @LutherHeggs4 @stoolpresidente And investing in real estate increases your take home pay how and by how much? Because if I understand correctly I’d be losing some of my take home pay in order to invest in real estate.

@nschmitz2018 @LutherHeggs4 @stoolpresidente Real Estate

@jgmac1106 @LutherHeggs4 @stoolpresidente Okay assuming you have $1,000,000 in taxable income what deductions would you use to increase your take home pay? How much do you think it saves you?

@nschmitz2018 @LutherHeggs4 @stoolpresidente If you make 1,000,000 and live in NYC, but can't figure out a single deduction. You are too stupid to make a million dollars.

@jgmac1106 @LutherHeggs4 @stoolpresidente You’re making assumptions and I’m making assumptions. Doesn’t make the fact that in NYC almost 50% of your income going to taxes is any less true. Don’t be a daft and pretend that a country $35 trillion in debt doesn’t have a spending problem.

@nschmitz2018 @LutherHeggs4 @stoolpresidente Nobody making a million dollars has no deductions. Don't be daft.

@jgmac1106 @LutherHeggs4 @stoolpresidente

@LutherHeggs4 @stoolpresidente It's a lying problem. Portnoy does not pay 50% in taxes.

@AbeBresn @Timodc @stoolpresidente Same business folk that said inflation was transitory? Taking what is most likely exaggeration on Trumps part (tariffs on everything instead of targeted tariffs) to create their models. Also seeing how the government spends money, why would anyone want to pay more taxes??

@stoolpresidente is gaslighting his followers. He’s a trumpkin because it fits his ideology & desire to pay little if any taxes. Legit business folks - Goldman Sachs, Morgan Stanley, Moodys etc. - have all stated, unequivocally, that Trumps economic proposals will cause prices to skyrocket, a loss of 70K jobs per month and a recession in 2025. Portnoy could care less because it doesn’t impact him

@MP_InTheMoney @nick66g @carlquintanilla I agree there are a lot of variables. You can also point to government spending as well. Democrats are more likely to pass large spending bills that stimulate the economy immediately vs Republicans typically have tax cuts which take longer to stimulate.

@nschmitz2018 @nick66g @carlquintanilla Too many variables to add to a simple statistic such as jobs, market performance etc during any admin. Always some kind of outstanding factor. Obama, recession, Reagan oil crisis, etc. So the fact is stock market performs better historically first year of Dems

TRIVARIATE: “.. If you simply average the last 96 years of data, the S&P500 has performed far better in the year following a Democratic Presidential victory than a Republican victory.” 🇺🇸 $SPX

@MP_InTheMoney @nick66g @carlquintanilla Real rates = nominal interest rates - expected inflation. As inflation rises faster than the nominal interest rate it becomes cheaper to borrow and thus more favorable to invest in equities.

@nick66g @carlquintanilla What? That has no relevance with stock market performance. Maybe wages do, but not the stock market.

@snowbdr9 @joe_jo4 @Imzadi_EX @atrupar I’m saying that due to inflation the USMCA needs to be revised to increase the 40% component wage from $16 to $30.

@nschmitz2018 @joe_jo4 @Imzadi_EX @atrupar Huh? You were saying inflation in the US was a problem. If so, then it’s a bigger problem in Mexico because inflation is/has been higher. According to your reasoning they therefore wouldn’t want to invest there rather than in the US.

Trump in Pennsylvania threatens John Deere with 200 percent tariffs

@snowbdr9 @joe_jo4 @Imzadi_EX @atrupar Yes! Which is why their labor is closer to $16 and hour. You are proving my point! US labor for most manufacturing is upwards of $50/hour for benefits,bonuses, etc.

@nschmitz2018 @joe_jo4 @Imzadi_EX @atrupar That’s also not the reason. Inflation since 2020 has been higher than the US inflation rate. Mexico US 2020 - 3.4% 1.36% 2021 - 5.69% 7.04% 2022 - 7.9%. 6.45% 2023 - 5.53% 3.35%

@snowbdr9 @joe_jo4 @Imzadi_EX @atrupar Inflation is correlated with labor costs. High US inflation = higher US Wages which means more incentive to move to Mexico(cheaper labor). USMCA stipulation of 40% of components made @ $16/hour which used to be US labor but now MX now pays their employees that much instead of 30.

@nschmitz2018 @joe_jo4 @Imzadi_EX @atrupar Prices never go back to where they came from unless there is a catastrophe. The last thing you should want Trump or any president to do is get prices back to where they were in 2020 or 2021. And I still do not see your correlation between inflation/USMCA/companies moving to MX.

@snowbdr9 @Imzadi_EX @joe_jo4 @atrupar Yes that is correct. Never said USMCA caused inflation but that inflation does impact that policy moving forward

@nschmitz2018 @Imzadi_EX @joe_jo4 @atrupar You said things were good under Trump, but under Biden years of inflation and high interest rates (which were high to fight inflation) the old USMCA isn’t good enough. You laid it out there clearly as inflation being the reason the USMCA needs to be changed.

@snowbdr9 @Imzadi_EX @joe_jo4 @atrupar I never said that the USMCA caused inflation…

@nschmitz2018 @Imzadi_EX @joe_jo4 @atrupar The USMCA didn’t cause inflation, so I don’t see how you’re trying to connect the two.

@snowbdr9 @Imzadi_EX @joe_jo4 @atrupar Yes that is why the USMCA has a 6 year review process. During his administration the laws/guidelines he fought for worked. Now after years of inflation and high interest rates the old USMCA is not good enough. Which is why he would revisit it and decrease the incentives.

@nschmitz2018 @Imzadi_EX @joe_jo4 @atrupar It’s not about which one gave more incentives to move. It’s that Trump is saying he’s totally against what is happening, but all they are doing is following the laws/guidelines he fought for. He just doesn’t remember that or never understood it in the first place.

@Imzadi_EX @joe_jo4 @atrupar Please look up the differences between NAFTA and Trump’s USMCA(which replaced NAFTA) and let me know which one had more incentives for companies to move.

@nschmitz2018 @joe_jo4 @atrupar No. The video showed that trumps USMCA was what gave companies the incentive to move to Mexico or Canada with reduced tariffs so long as 70% of the parts are manufactured in one of those three countries. You need comprehension mate

@Imzadi_EX @joe_jo4 @atrupar Did you read my post? Do you know what NAFTA is?