BoatBanter.com - View Single Post - Guess who pays no federal income taxes or taxes at a lower rate thanyou do...

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On Wed, 24 Aug 2011 16:24:04 -0400, wrote:

On Wed, 24 Aug 2011 08:19:51 -0700, wrote:

On Wed, 24 Aug 2011 11:09:32 -0400, wrote:

On Tue, 23 Aug 2011 23:31:44 -0700, wrote:

On Wed, 24 Aug 2011 01:53:41 -0400, wrote:
talking about where it comes from
(the labor of the employee, passed on to the customer in the cost of
the product, with profit tacked on)

I said corporations only COLLECT taxes, they don't pay them,.

Are you trying to say you do not take FICA into account when you
decide how much you are willing to pay an employee and how you price
your service?

Yes a contractor does get paid on a 1099 what's your point? I have
been a contractor and an employee. I like contractor better.

I have no employees right now but my wife has over 40, more in season.

When we had our other business we had a mix of employees and
contractors. If someone wanted to change from a contractor to an
employee, they took a pay cut, enough to cover the FICA, insurance and
other costs ... or we considered it a raise. You work for every dime
of that FICA.

You're not thinking properly. Corps pay taxes. They pay FICA. It
doesn't come from workers. It's based on how much the corps pay them.
People's pay certainly isn't "reduced" to pay for FICA, etc. It's the
cost of doing business.

You can dance all you want, but the bottom line is that you believe no
corp taxes are appropriate. Zero. Well, it doesn't work that way. FICA
is paid by both the worker and the corp. Feel free to argue until
you're blue in the face, but it's nonsense.

Actually, contractors can work on a W2 basis. They just work for
another corp that ALSO takes out and PAYS FICA.

So, feel free to admit your wrong or don't.

Corps make decisions based on all sorts of factors, one of which is
tax and benefit costs. So what.

They also set their prices based on that and all costs and taxes are
passed along to the customer

Which has nothing to do with much. As I said, corporations pay taxes.
You claimed corporations don't pay taxes. They do. What they do after
they pay them or how they figure into their bottom line is secondary
to the fact that they pay them. They also get all kinds of unnecessary
subsidies and tax breaks, mostly undeserved. They need to pay their
fair share and not be subsidized, for example, to send jobs elsewhere.
Despite what Mitt and the Supremes say, corps are not people.