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Corporate income tax, a silly idea
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. |
Corporate income tax, a silly idea
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. snerk |
Corporate income tax, a silly idea
On 08/04/2011 10:06 AM, 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. Or if they do not have price elasticity and many don't, less wages. The economy is like a pie, the more the government gets the less the people have. |
Corporate income tax, a silly idea
In article ab9626d9-57da-4c2a-b443-d801a9b72173
@c26g2000vbq.googlegroups.com, says... 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. Harry thinks no one should make a profit, but then tries to get others here to believe just how well off he is! |
Corporate income tax, a silly idea
On Fri, 8 Apr 2011 09:06:09 -0700 (PDT), 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. Idiots like you have no clue about how things actually work. |
Corporate income tax, a silly idea
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Corporate income tax, a silly idea
On Fri, 8 Apr 2011 09:06:09 -0700 (PDT), 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. the consumer of that PRODUCT does. as they should. not everyone buys all products 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. 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 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 |
Corporate income tax, a silly idea
On 08/04/2011 3:05 PM, bob wrote:
On Fri, 8 Apr 2011 09:06:09 -0700 (PDT), 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. the consumer of that PRODUCT does. as they should. not everyone buys all products 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. 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. If I buy a second home in Ecuador, I done pay state taxes. But the poor sucker who can't afford a send home out the country gets it on his auto purchase. And more and more people look at taxes before moving. You bet, as the more the government gets the less you get. Hey, when rich move they take their highly taxed incomes and spending with them. 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. |
Corporate income tax, a silly idea
On Fri, 08 Apr 2011 16:13:11 -0600, Canuck57
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 |
Corporate income tax, a silly idea
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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 |
Corporate income tax, a silly idea
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Corporate income tax, a silly idea
On Fri, 8 Apr 2011 19:11:14 -0400, I_am_Tosk
wrote: In article , says... 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 Just because you say it, doesn't make it true.. I mean, of everybody here you think the least before posting. In fact, we all know exactly what you, plum, and harry are gonna' say, without even reading your posts.. You only have one anyway... oh. you ddint read his bill so havent a ****ing clue. OK let me tell you what it says: 1. medicare would be funded by VOUCHERS given to seniors 2. these would increase at 1% over inflation uh....when's the last time healthcare costs increased at that LOW rate?? oh. they never have. so right away the right wants to CUT medicare and make people pay MORE BUT.... he would cut ALL tax rates to 25% which is what most middle class folks pay now except the rich. they pay 35% top rate so the RICH get a 30% tax cut the elderly get a CUT in medicare and 'i am tosk' says this is GREAT because he's too STUPID to know what's in the bill!! |
Corporate income tax, a silly idea
On Fri, 08 Apr 2011 19:18:47 -0400, Harryk
wrote: I_am_Tosk wrote: In , says... On Fri, 8 Apr 2011 18:59:02 -0400, I_am_Tosk wrote: In , 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 Just because you say it, doesn't make it true.. I mean, of everybody here you think the least before posting. In fact, we all know exactly what you, plum, and harry are gonna' say, without even reading your posts.. You only have one anyway... Paul Ryan's GOP budget plan does, in fact, trash medicare and provide huge tax cuts to the very wealthy. but it helps the rich!!! and to the right that's all that's important |
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. |
Corporate income tax, a silly idea
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Corporate income tax, a silly idea
On 08/04/2011 5:04 PM, bob wrote:
On Fri, 8 Apr 2011 18:59:02 -0400, I_am_Tosk wrote: In , 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 He has no freaking choice, DC is BANKRUPT and can't live on a credit card forever. Want to wait until SS is next? Or get the spending in order so the country has a future? Paul is a true American, he is not deluding himself with his own greed and need for DEBT on his grandchildren for an easy out today. You lefties are the truly selfish *******s. You would screw your own country and kids into debt for your greed today. I spit on you unAmerican peaces of human trash. (But don't worry, Canadians have debtors disease too, you will have company). I seriously believe we have a disease called debtor disease. Not much difference between debtors withdrawal and heroin withdrawal really. Many debtors would sell their babies for a clean credit card. Makes people behave like rats. All for the greed of DEBT. |
Corporate income tax, a silly idea
On Fri, 8 Apr 2011 19:33:27 -0400, I_am_Tosk wrote: In article , says... but it helps the rich!!! and to the right that's all that's important. Well, little bobby spun the wheel and answer number 4 came up.. So there it is... and he dodges. weaves. bobs hell it's a good thing posting under the influence isnt a crime |
Corporate income tax, a silly idea
bob wrote:
On Fri, 8 Apr 2011 19:33:27 -0400, I_am_Tosk wrote: In , says... but it helps the rich!!! and to the right that's all that's important. Well, little bobby spun the wheel and answer number 4 came up.. So there it is... and he dodges. weaves. bobs hell it's a good thing posting under the influence isnt a crime Ingersoll isn't under the influence...he's just...stupid. |
Corporate income tax, a silly idea
On Fri, 08 Apr 2011 17:38:15 -0600, Canuck57
wrote: On 08/04/2011 5:04 PM, bob wrote: On Fri, 8 Apr 2011 18:59:02 -0400, I_am_Tosk wrote: 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 He has no freaking choice, DC is BANKRUPT and can't live on a credit card forever. Want to wait until SS is next? Or get the spending in order so the country has a future? so giving MORE money to the RICH is not optional? that how the right wing thinks? we have to give MORE and MORE and MORE to the rich and that will save america?? HAHAHAHAHA Paul is a true American, he is not deluding himself with his own greed and need for DEBT on his grandchildren for an easy out today. uh huh. he's shilling for the rich. his formula is to bankrupt america and protect the rich starve the middle class. starve the elderly. but bankroll the rich You lefties are the truly selfish *******s. You would screw your own country and kids into debt for your greed today. he says the middle class, which WORKS for a living, DESERVES to get screwed 'cuz we're all lazy. our ONLY obligation is to feed the wealthy he says it's greedy NOT to bankroll the rich. it's GREEDY for middle class workers to want healthcare after all, that money could go to the rich he said it. un be ****ing lievable... I seriously believe we have a disease called debtor disease. Not much difference between debtors withdrawal and heroin withdrawal really. Many debtors would sell their babies for a clean credit card. Makes people behave like rats. All for the greed of DEBT. you're a socialist for the rich |
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? |
Corporate income tax, a silly idea
On 08/04/2011 5:18 PM, Harryk wrote:
I_am_Tosk wrote: In , says... On Fri, 8 Apr 2011 18:59:02 -0400, I_am_Tosk wrote: In , 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 Just because you say it, doesn't make it true.. I mean, of everybody here you think the least before posting. In fact, we all know exactly what you, plum, and harry are gonna' say, without even reading your posts.. You only have one anyway... Paul Ryan's GOP budget plan does, in fact, trash medicare and provide huge tax cuts to the very wealthy. Marginal "thinkers" like you, little man, are spoonfed your "thoughts," probably because you don't have the smarts to tell reality from what you are told to believe. That is just the bul11sh1t you were fed by liberal media. A roll back before democriters screwed it up. |
Corporate income tax, a silly idea
On 08/04/2011 5:26 PM, bob wrote:
On Fri, 8 Apr 2011 19:11:14 -0400, I_am_Tosk wrote: In , says... 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 Just because you say it, doesn't make it true.. I mean, of everybody here you think the least before posting. In fact, we all know exactly what you, plum, and harry are gonna' say, without even reading your posts.. You only have one anyway... oh. you ddint read his bill so havent a ****ing clue. OK let me tell you what it says: 1. medicare would be funded by VOUCHERS given to seniors 2. these would increase at 1% over inflation uh....when's the last time healthcare costs increased at that LOW rate?? oh. they never have. so right away the right wants to CUT medicare and make people pay MORE BUT.... he would cut ALL tax rates to 25% which is what most middle class folks pay now except the rich. they pay 35% top rate so the RICH get a 30% tax cut the elderly get a CUT in medicare and 'i am tosk' says this is GREAT because he's too STUPID to know what's in the bill!! Hey, what are you going to do when $1000 will not buy you a burger because the currency collapsed from DEBT? Your welfare check will be sort of meaningless as it will cost more in gas to cash it than to forget it. Government can't keep just printing money like Monopoly. Sooner or later the greenback will be used AS toilet paper because it be cheaper. |
Corporate income tax, a silly idea
On 08/04/2011 5:54 PM, bob wrote:
On Fri, 08 Apr 2011 17:38:15 -0600, wrote: On 08/04/2011 5:04 PM, bob wrote: On Fri, 8 Apr 2011 18:59:02 -0400, I_am_Tosk wrote: 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 He has no freaking choice, DC is BANKRUPT and can't live on a credit card forever. Want to wait until SS is next? Or get the spending in order so the country has a future? so giving MORE money to the RICH is not optional? that how the right wing thinks? we have to give MORE and MORE and MORE to the rich and that will save america?? HAHAHAHAHA Paul is a true American, he is not deluding himself with his own greed and need for DEBT on his grandchildren for an easy out today. uh huh. he's shilling for the rich. his formula is to bankrupt america and protect the rich starve the middle class. starve the elderly. but bankroll the rich You lefties are the truly selfish *******s. You would screw your own country and kids into debt for your greed today. he says the middle class, which WORKS for a living, DESERVES to get screwed 'cuz we're all lazy. our ONLY obligation is to feed the wealthy he says it's greedy NOT to bankroll the rich. it's GREEDY for middle class workers to want healthcare after all, that money could go to the rich he said it. un be ****ing lievable... I seriously believe we have a disease called debtor disease. Not much difference between debtors withdrawal and heroin withdrawal really. Many debtors would sell their babies for a clean credit card. Makes people behave like rats. All for the greed of DEBT. you're a socialist for the rich I hope they bring Repoman back, it was hilaryious. |
Corporate income tax, a silly idea
On 08/04/2011 5:55 PM, bob wrote:
On Fri, 08 Apr 2011 17:31:01 -0600, 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? Nope, not as smart. Didn't save and invest, still working for a wage. Great guy though. Liked working for him before I hit some big investment returns. |
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. |
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. |
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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