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Default Corporate income tax, a silly idea

On Fri, 8 Apr 2011 18:59:02 -0400, I_am_Tosk
wrote:

In article ,
says...


well you're not american so dont know much about our country.

stay on your side of the border. you dont know anything about YOUR
country let alone mine


You spew this bull**** with each and every post. My state is blue, has
been forever.... We have state taxes, but you would say it's because of
the GOP, how??


cant help you dude. the GOP wants to **** the middle class. just look
at paul ryan's solution

kill medicare

pass the savings on to the rich in the form of a tax cut
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Default Corporate income tax, a silly idea

On 08/04/2011 4:35 PM, bob wrote:
On Fri, 08 Apr 2011 16:13:11 -0600,
wrote:

On 08/04/2011 3:05 PM, bob wrote:
On Fri, 8 Apr 2011 09:06:09 -0700 (PDT), Frogwatch
wrote:
.

uh no. in fact you can exclude taxes, as we do here in PA, on food and
clothing while taxing other items. and sales taxes are really
consumption taxes. if you want to encourage savings, boost sales taxes


Funny, the real people who get screwed with consumption taxes are lower
middle class and poor.


absolutely correct. that's why GOP politicians at the local level like
'em. state and local taxes are regressive


of course in this economy that would be a disaster which is why the
GOP has made sure this is EXACTLY how state taxes are structured in
the US


Sorry, dream on with your rhetoric. Even if you believe your BS,
doesn't mater. Your government is pooched on debt and inflation is
going to bit you hard.



well you're not american so dont know much about our country.

stay on your side of the border. you dont know anything about YOUR
country let alone mine


Funny, my best friend when I worked down there said he didn't know I was
Canadian until I moved over to his department, 2 years after we met.

I even lived in Wisconsin. Loved it there but could see the same
entitlement sickness disease and disregard to debt and economics set in
like I saw in Ontario in 1980. Good time to move, 2004.

You can't fight city hall, but you can move away from it.
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Default Corporate income tax, a silly idea

On Fri, 08 Apr 2011 17:31:01 -0600, Canuck57
wrote:

On 08/04/2011 4:35 PM, bob wrote:
On Fri, 08 Apr 2011 16:13:11 -0600,
wrote:

well you're not american so dont know much about our country.

stay on your side of the border. you dont know anything about YOUR
country let alone mine


Funny, my best friend when I worked down there said he didn't know I was
Canadian until I moved over to his department, 2 years after we met.


whY? is he as stupid as you are?

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Default Corporate income tax, a silly idea

On 4/8/2011 12:06 PM, Frogwatch wrote:
A corp makes a gadget and needs 10% profit. They get taxed at 20% on
that 10% profit (or .2*.1=.02) so they simply increase their price by .
02. Guess who pays that .02? The consumer does. Corporate income
tax is simply a way to make personal income tax higher without making
it so obvious. The only people it benefits are accountants.

This is silly circle reasoning.
You can reason a rat has more rights than you if you want to be
illogical.a corporation is a person: so they say and the courts agree.
Most Corporations pay little real tax. Not one pays the cited rates.
Most pay no tax to the US.
They make their mony in America on Americans but pay no taxes to support
the Republic.
They spend tremendous amounts of money to buy Washington. Maybe you
count that as their contribution.
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Default Corporate income tax, a silly idea

On 08/04/2011 9:00 PM, Lil Abner wrote:
On 4/8/2011 12:06 PM, Frogwatch wrote:
A corp makes a gadget and needs 10% profit. They get taxed at 20% on
that 10% profit (or .2*.1=.02) so they simply increase their price by .
02. Guess who pays that .02? The consumer does. Corporate income
tax is simply a way to make personal income tax higher without making
it so obvious. The only people it benefits are accountants.

This is silly circle reasoning.
You can reason a rat has more rights than you if you want to be
illogical.a corporation is a person: so they say and the courts agree.
Most Corporations pay little real tax. Not one pays the cited rates.
Most pay no tax to the US.
They make their mony in America on Americans but pay no taxes to support
the Republic.
They spend tremendous amounts of money to buy Washington. Maybe you
count that as their contribution.


Actually not. His theory is right. If a company can't raise the
prices, it has to pay less in wages if taxes are higher. Or investment
ceases.

Take dividends, taxed twice. Say 30% at the company and 30% at the
receiver. $1.00 profit gets taxed, 70 cents, then taxed again at the
investor for 49 cents after tax. Raise taxes 1%, that is 4% off the net
return. So investors want 8% more to cover the after tax loss. Why
invest if you think your returns will get screwed by taxes?

Hint, you don't and jobs dry up and people will accept much less. Sound
familiar? 1% in tax for a 8% hit.

It is why so many companies are dog crap investments. You make less
than 50 cents on the dollar profit as an investor, why not just buy
gold. No union issues, no greedy government risks, get taxed once on
the favorable capital gains rate for gold that can't go wrong. Yep,
most companies on the market are not worth their value.

And why no one invests in new companies (and jobs) unless they properly
reflect risk and rate of returns are well above real inflation plus taxes.

Yep, government has been living on borrowed time since 2008 and the
longer they screw around the worse it will get.


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Default Corporate income tax, a silly idea

On Fri, 08 Apr 2011 21:20:31 -0600, Canuck57
wrote:

On 08/04/2011 9:00 PM, Lil Abner wrote:
On 4/8/2011 12:06 PM, Frogwatch wrote:
A corp makes a gadget and needs 10% profit. They get taxed at 20% on
that 10% profit (or .2*.1=.02) so they simply increase their price by .
02. Guess who pays that .02? The consumer does. Corporate income
tax is simply a way to make personal income tax higher without making
it so obvious. The only people it benefits are accountants.

This is silly circle reasoning.
You can reason a rat has more rights than you if you want to be
illogical.a corporation is a person: so they say and the courts agree.
Most Corporations pay little real tax. Not one pays the cited rates.
Most pay no tax to the US.
They make their mony in America on Americans but pay no taxes to support
the Republic.
They spend tremendous amounts of money to buy Washington. Maybe you
count that as their contribution.


Actually not. His theory is right. If a company can't raise the
prices, it has to pay less in wages if taxes are higher. Or investment
ceases.

Take dividends, taxed twice. Say 30% at the company and 30% at the
receiver. $1.00 profit gets taxed, 70 cents, then taxed again at the
investor for 49 cents after tax. Raise taxes 1%, that is 4% off the net
return. So investors want 8% more to cover the after tax loss. Why
invest if you think your returns will get screwed by taxes?

Hint, you don't and jobs dry up and people will accept much less. Sound
familiar? 1% in tax for a 8% hit.

It is why so many companies are dog crap investments. You make less
than 50 cents on the dollar profit as an investor, why not just buy
gold. No union issues, no greedy government risks, get taxed once on
the favorable capital gains rate for gold that can't go wrong. Yep,
most companies on the market are not worth their value.

And why no one invests in new companies (and jobs) unless they properly
reflect risk and rate of returns are well above real inflation plus taxes.

Yep, government has been living on borrowed time since 2008 and the
longer they screw around the worse it will get.


No, he and you are nearly equal on the idiot scale.
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