Nathan Schmitz

[U.S. Army @USArmy]

Watch the #Army250 birthday parade!

https://t.co/biyjAxgr1e

[Nathan Schmitz @nschmitz2018]

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

[Nathan Schmitz @nschmitz2018]

@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?

[Nathan Schmitz @nschmitz2018]

@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.

[Nathan Schmitz @nschmitz2018]

@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.

[Nathan Schmitz @nschmitz2018]

@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?

[Nathan Schmitz @nschmitz2018]

@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.

[Nathan Schmitz @nschmitz2018]

@jgmac1106 @LutherHeggs4 @stoolpresidente

[Nathan Schmitz @nschmitz2018]

@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??

[Nathan Schmitz @nschmitz2018]

@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.

[Nathan Schmitz @nschmitz2018]

@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.

[Nathan Schmitz @nschmitz2018]

@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.

[Nathan Schmitz @nschmitz2018]

@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.

[Nathan Schmitz @nschmitz2018]

@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.

[Nathan Schmitz @nschmitz2018]

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

[Nathan Schmitz @nschmitz2018]

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

[Nathan Schmitz @nschmitz2018]

@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.

[Nathan Schmitz @nschmitz2018]

@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.

[Nathan Schmitz @nschmitz2018]

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