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nom=de=plume nom=de=plume is offline
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First recorded activity by BoatBanter: Aug 2009
Posts: 5,427
Default I will pay more in federal income taxes this year than ExxonMobil

wrote in message
...
On Thu, 8 Apr 2010 17:13:55 -0700, "nom=de=plume"
wrote:

... but you want to tax it away before I can spend it to build my
business. I suppose "saving until you can afford something" is such a
foreign concept that you are having trouble getting your head around
saving money from one tax year to the next so you can buy without
borrowing.
It is no wonder we are in a debt crisis, the tax code encourages debt.



Where did I say that? Business typically have cash reserves, which they
put
in various investment instruments. They're usually pretty sophisticated
about what is taxable and how to deal with it. I've got some minor
experience with "saving until you can afford something," since that's what
I
used to buy the house, start the business, etc., etc. Feel free to think
otherwise.

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I was only basing it on the idea that you expected the corporation to
spend all of their profit intended for expansion by the end of the tax
year or pay taxes on it.



I never said that. Are you claiming that have a cash reserve for future
expansion is a bad thing, taxed or not taxed? Do you think they shouldn't be
taxed at all? Why are corporations so special and regular people who make
potentially far less...

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Nom=de=Plume