Got a chuckle ...
 

On 10/23/17 4:28 PM, wrote:
On Mon, 23 Oct 2017 13:14:41 -0400, Keyser Soze
wrote:

I doubt many corporations are paying at the 39% rate.

It depends on 39% of what?
That is what they pay on their profits but like most taxes, with the
right accountant, you can reduce your tax liabilities. If you had a
simpler tax code, you could reduce the rate and still get as much if
not more money.



Why, you must be reporting fake news, because Oracle Trump claims big
corporations doing business here are paying at that 39% rate, even
though it has been reported on the news over and again that big
corporations basically can run their books in ways that absolutely
minimize their taxes. Wait...is Trump bull****ting us all *again*?

That reading comprehension thing got you again.
I said a simpler tax code (fewer loopholes) would raise more money at
a lower rate. Your brain fart totally ignored the statement.
We know that NOBODY pays the marginal rate on their gross income,
certainly not you or I.
An overly complex tax code allows everyone to shelter a lot of their
income and in the case of a multinational corporation they can simply
take their profit in a lower tax country. Why is that surprising to
you?



My comment was about Trump's continuing bull**** about the corporate tax
rate being something that is really in effect. Try reading for
comprehension. I wasn't responding to your call for a simpler tax code,
but it is an unknown that such in this country would raise more money at
a lower rate. That sort of depends upon whose ax is gored.

Got a chuckle ...
 

On 10/23/2017 1:14 PM, Keyser Soze wrote:
On 10/23/17 3:03 AM, wrote:
On Sun, 22 Oct 2017 17:53:33 -0400, Keyser Soze
wrote:

On 10/22/17 1:53 PM, Bill wrote:
wrote:
On Sun, 22 Oct 2017 12:56:36 -0400, Keyser Soze
wrote:

On 10/22/17 12:05 PM, Mr. Luddite wrote:


You just seem to be opposed to anything others have that you don't.

Not at all. Too many of the rich have too many ways to avoid
manner of
serious taxation. Trump also wants to eliminate the AMT. If, if
you want
to eliminate the estate tax and perhaps the AMT, just tax all
income as
ordinary income, okay? Okay?

The AMT ends up grabbing a lot of middle class people. It was a "good
idea" that backfired.

As for tax, I would go with a flat tax if I wanted to be fair. Just
set a pretty high personal exemption and tax the rest at a flat rate,
no deductions. If it was 16%, guys like Buffett would be paying more
... if you believe what he says.


I have no problem with taxing all income as ordinary income.Â* But
qualified
dividends were already taxed at the 39% corporate tax rate, and then
the
person getting them pays 20% of that money to the Fed.Â*Â* Seems as if
that
makes a tax rate of about 51%. Fair?


I doubt many corporations are paying at the 39% rate.

It depends on 39% of what?
That is what they pay on their profits but like most taxes, with the
right accountant, you can reduce your tax liabilities. If you had a
simpler tax code, you could reduce the rate and still get as much if
not more money.



Why, you must be reporting fake news, because Oracle Trump claims big
corporations doing business here are paying at that 39% rate, even
though it has been reported on the news over and again that big
corporations basically can run their books in ways that absolutely
minimize their taxes. Wait...is Trump bull****ting us all *again*?


No question the big corporations can afford to pay lawyers and
accountants to find every tax loophole available to them. Trump's tax
proposal lowers the tax rate for them slightly but eliminates many of
the loopholes.

He's plan is centered on middle class tax cuts with business incentives
to keep profits here rather than overseas.

Got a chuckle ...
 

On 10/23/2017 4:28 PM, wrote:
On Mon, 23 Oct 2017 13:14:41 -0400, Keyser Soze
wrote:

I doubt many corporations are paying at the 39% rate.

It depends on 39% of what?
That is what they pay on their profits but like most taxes, with the
right accountant, you can reduce your tax liabilities. If you had a
simpler tax code, you could reduce the rate and still get as much if
not more money.



Why, you must be reporting fake news, because Oracle Trump claims big
corporations doing business here are paying at that 39% rate, even
though it has been reported on the news over and again that big
corporations basically can run their books in ways that absolutely
minimize their taxes. Wait...is Trump bull****ting us all *again*?

That reading comprehension thing got you again.
I said a simpler tax code (fewer loopholes) would raise more money at
a lower rate. Your brain fart totally ignored the statement.
We know that NOBODY pays the marginal rate on their gross income,
certainly not you or I.
An overly complex tax code allows everyone to shelter a lot of their
income and in the case of a multinational corporation they can simply
take their profit in a lower tax country. Why is that surprising to
you?



Harry's understanding of tax laws/rates and the effects of them on the
economy is lacking to say the least. He just regurgitates the latest
DNC talking point memos.

Got a chuckle ...
 

Keyser Soze wrote:
On 10/23/17 3:03 AM, wrote:
On Sun, 22 Oct 2017 17:53:33 -0400, Keyser Soze
wrote:

On 10/22/17 1:53 PM, Bill wrote:
wrote:
On Sun, 22 Oct 2017 12:56:36 -0400, Keyser Soze
wrote:

On 10/22/17 12:05 PM, Mr. Luddite wrote:


You just seem to be opposed to anything others have that you don't.

Not at all. Too many of the rich have too many ways to avoid manner of
serious taxation. Trump also wants to eliminate the AMT. If, if you want
to eliminate the estate tax and perhaps the AMT, just tax all income as
ordinary income, okay? Okay?

The AMT ends up grabbing a lot of middle class people. It was a "good
idea" that backfired.

As for tax, I would go with a flat tax if I wanted to be fair. Just
set a pretty high personal exemption and tax the rest at a flat rate,
no deductions. If it was 16%, guys like Buffett would be paying more
... if you believe what he says.


I have no problem with taxing all income as ordinary income. But qualified
dividends were already taxed at the 39% corporate tax rate, and then the
person getting them pays 20% of that money to the Fed. Seems as if that
makes a tax rate of about 51%. Fair?


I doubt many corporations are paying at the 39% rate.

It depends on 39% of what?
That is what they pay on their profits but like most taxes, with the
right accountant, you can reduce your tax liabilities. If you had a
simpler tax code, you could reduce the rate and still get as much if
not more money.



Why, you must be reporting fake news, because Oracle Trump claims big
corporations doing business here are paying at that 39% rate, even
though it has been reported on the news over and again that big
corporations basically can run their books in ways that absolutely
minimize their taxes. Wait...is Trump bull****ting us all *again*?


Nope, Trump is correct. When a corporation has profit they can not
offshore, they pay 39%. Lots of corporations are US only. And they have
a problem competing with offshore corporations that pay 20%. Extra 19% of
the profit can make for lower prices.

Got a chuckle ...
 

On 10/23/17 5:24 PM, Mr. Luddite wrote:
On 10/23/2017 1:14 PM, Keyser Soze wrote:
On 10/23/17 3:03 AM, wrote:
On Sun, 22 Oct 2017 17:53:33 -0400, Keyser Soze
wrote:

On 10/22/17 1:53 PM, Bill wrote:
wrote:
On Sun, 22 Oct 2017 12:56:36 -0400, Keyser Soze
wrote:

On 10/22/17 12:05 PM, Mr. Luddite wrote:


You just seem to be opposed to anything others have that you don't.

Not at all. Too many of the rich have too many ways to avoid
manner of
serious taxation. Trump also wants to eliminate the AMT. If, if
you want
to eliminate the estate tax and perhaps the AMT, just tax all
income as
ordinary income, okay? Okay?

The AMT ends up grabbing a lot of middle class people. It was a "good
idea" that backfired.

As for tax, I would go with a flat tax if I wanted to be fair. Just
set a pretty high personal exemption and tax the rest at a flat rate,
no deductions. If it was 16%, guys like Buffett would be paying more
... if you believe what he says.


I have no problem with taxing all income as ordinary income.Â* But
qualified
dividends were already taxed at the 39% corporate tax rate, and
then the
person getting them pays 20% of that money to the Fed.Â*Â* Seems as
if that
makes a tax rate of about 51%. Fair?


I doubt many corporations are paying at the 39% rate.

It depends on 39% of what?
That is what they pay on their profits but like most taxes, with the
right accountant, you can reduce your tax liabilities. If you had a
simpler tax code, you could reduce the rate and still get as much if
not more money.



Why, you must be reporting fake news, because Oracle Trump claims big
corporations doing business here are paying at that 39% rate, even
though it has been reported on the news over and again that big
corporations basically can run their books in ways that absolutely
minimize their taxes. Wait...is Trump bull****ting us all *again*?


No question the big corporations can afford to pay lawyers and
accountants to find every tax loophole available to them.Â* Trump's tax
proposal lowers the tax rate for them slightly but eliminates many of
the loopholes.

He's plan is centered on middle class tax cuts with business incentives
to keep profits here rather than overseas.




His plan? What plan? There's no plan.

Got a chuckle ...
 

On 10/23/2017 5:52 PM, Keyser Soze wrote:
On 10/23/17 5:24 PM, Mr. Luddite wrote:
On 10/23/2017 1:14 PM, Keyser Soze wrote:
On 10/23/17 3:03 AM, wrote:
On Sun, 22 Oct 2017 17:53:33 -0400, Keyser Soze
wrote:

On 10/22/17 1:53 PM, Bill wrote:
wrote:
On Sun, 22 Oct 2017 12:56:36 -0400, Keyser Soze
wrote:

On 10/22/17 12:05 PM, Mr. Luddite wrote:


You just seem to be opposed to anything others have that you
don't.

Not at all. Too many of the rich have too many ways to avoid
manner of
serious taxation. Trump also wants to eliminate the AMT. If, if
you want
to eliminate the estate tax and perhaps the AMT, just tax all
income as
ordinary income, okay? Okay?

The AMT ends up grabbing a lot of middle class people. It was a
"good
idea" that backfired.

As for tax, I would go with a flat tax if I wanted to be fair. Just
set a pretty high personal exemption and tax the rest at a flat
rate,
no deductions. If it was 16%, guys like Buffett would be paying more
... if you believe what he says.


I have no problem with taxing all income as ordinary income.Â* But
qualified
dividends were already taxed at the 39% corporate tax rate, and
then the
person getting them pays 20% of that money to the Fed.Â*Â* Seems as
if that
makes a tax rate of about 51%. Fair?


I doubt many corporations are paying at the 39% rate.

It depends on 39% of what?
That is what they pay on their profits but like most taxes, with the
right accountant, you can reduce your tax liabilities. If you had a
simpler tax code, you could reduce the rate and still get as much if
not more money.



Why, you must be reporting fake news, because Oracle Trump claims big
corporations doing business here are paying at that 39% rate, even
though it has been reported on the news over and again that big
corporations basically can run their books in ways that absolutely
minimize their taxes. Wait...is Trump bull****ting us all *again*?


No question the big corporations can afford to pay lawyers and
accountants to find every tax loophole available to them.Â* Trump's tax
proposal lowers the tax rate for them slightly but eliminates many of
the loopholes.

He's plan is centered on middle class tax cuts with business
incentives to keep profits here rather than overseas.




His plan? What plan? There's no plan.


You've been snoozing for the last couple of weeks?

Got a chuckle ...
 

In article ,
says...

Mr. Luddite wrote:
On 10/23/2017 5:52 PM, Keyser Soze wrote:
On 10/23/17 5:24 PM, Mr. Luddite wrote:
On 10/23/2017 1:14 PM, Keyser Soze wrote:
On 10/23/17 3:03 AM, wrote:
On Sun, 22 Oct 2017 17:53:33 -0400, Keyser Soze
wrote:

On 10/22/17 1:53 PM, Bill wrote:
wrote:
On Sun, 22 Oct 2017 12:56:36 -0400, Keyser Soze
wrote:

On 10/22/17 12:05 PM, Mr. Luddite wrote:


You just seem to be opposed to anything others have that you
don't.

Not at all. Too many of the rich have too many ways to avoid
manner of
serious taxation. Trump also wants to eliminate the AMT. If, if
you want
to eliminate the estate tax and perhaps the AMT, just tax all
income as
ordinary income, okay? Okay?

The AMT ends up grabbing a lot of middle class people. It was a
"good
idea" that backfired.

As for tax, I would go with a flat tax if I wanted to be fair. Just
set a pretty high personal exemption and tax the rest at a flat
rate,
no deductions. If it was 16%, guys like Buffett would be paying more
... if you believe what he says.


I have no problem with taxing all income as ordinary income.* But
qualified
dividends were already taxed at the 39% corporate tax rate, and
then the
person getting them pays 20% of that money to the Fed.** Seems as
if that
makes a tax rate of about 51%. Fair?


I doubt many corporations are paying at the 39% rate.

It depends on 39% of what?
That is what they pay on their profits but like most taxes, with the
right accountant, you can reduce your tax liabilities. If you had a
simpler tax code, you could reduce the rate and still get as much if
not more money.



Why, you must be reporting fake news, because Oracle Trump claims big
corporations doing business here are paying at that 39% rate, even
though it has been reported on the news over and again that big
corporations basically can run their books in ways that absolutely
minimize their taxes. Wait...is Trump bull****ting us all *again*?


No question the big corporations can afford to pay lawyers and
accountants to find every tax loophole available to them.* Trump's tax
proposal lowers the tax rate for them slightly but eliminates many of
the loopholes.

He's plan is centered on middle class tax cuts with business
incentives to keep profits here rather than overseas.




His plan? What plan? There's no plan.


You've been snoozing for the last couple of weeks?




Oh. You mean a couple of sentences.

GOP talking points.
Wait until the fighting starts for more details.

Got a chuckle ...
 

On Mon, 23 Oct 2017 16:39:23 -0400, Keyser Soze
wrote:

On 10/23/17 4:28 PM, wrote:
On Mon, 23 Oct 2017 13:14:41 -0400, Keyser Soze
wrote:

I doubt many corporations are paying at the 39% rate.

It depends on 39% of what?
That is what they pay on their profits but like most taxes, with the
right accountant, you can reduce your tax liabilities. If you had a
simpler tax code, you could reduce the rate and still get as much if
not more money.



Why, you must be reporting fake news, because Oracle Trump claims big
corporations doing business here are paying at that 39% rate, even
though it has been reported on the news over and again that big
corporations basically can run their books in ways that absolutely
minimize their taxes. Wait...is Trump bull****ting us all *again*?

That reading comprehension thing got you again.
I said a simpler tax code (fewer loopholes) would raise more money at
a lower rate. Your brain fart totally ignored the statement.
We know that NOBODY pays the marginal rate on their gross income,
certainly not you or I.
An overly complex tax code allows everyone to shelter a lot of their
income and in the case of a multinational corporation they can simply
take their profit in a lower tax country. Why is that surprising to
you?



My comment was about Trump's continuing bull**** about the corporate tax
rate being something that is really in effect. Try reading for
comprehension. I wasn't responding to your call for a simpler tax code,
but it is an unknown that such in this country would raise more money at
a lower rate. That sort of depends upon whose ax is gored.

So you just did what you are always doing these days, injecting your
hate for the duly elected president into every thread you respond to
whether it is pertinent or not.
You have about 40 more months to do that so I might just have to start
ignoring your posts like I do with slammer and no man.

Got a chuckle ...
 

On Mon, 23 Oct 2017 17:34:21 -0500, Boating All Out
wrote:

In article ,
says...


His plan? What plan? There's no plan.


You've been snoozing for the last couple of weeks?




Oh. You mean a couple of sentences.

GOP talking points.
Wait until the fighting starts for more details.

That is always true and always has been. "Tax plans" are broad strokes
until they get out of Ways and Means, then they bounce around in
congress for a while with everyone inserting the amendments their
bribers want. They slap that around until they get enough votes to
pass it and that is why our tax code is over 3000 pages (the part
legislated by congress) and another 13,000 pages of CFRs
(administratively written IRS rules)
It is no wonder that just the cost of compliance of the tax code is
estimated at between $700 Billion and a $1 Trillion each year.
(accountants, tax advisors, lawyers, tax preparers etc along with tax
avoidance strategies.)
That is roughly the GDP of countries in the range of the Netherlands
to Mexico.

Got a chuckle ...
 

On Mon, 23 Oct 2017 19:30:16 -0400, wrote:

On Mon, 23 Oct 2017 16:39:23 -0400, Keyser Soze
wrote:

On 10/23/17 4:28 PM, wrote:
On Mon, 23 Oct 2017 13:14:41 -0400, Keyser Soze
wrote:

I doubt many corporations are paying at the 39% rate.

It depends on 39% of what?
That is what they pay on their profits but like most taxes, with the
right accountant, you can reduce your tax liabilities. If you had a
simpler tax code, you could reduce the rate and still get as much if
not more money.



Why, you must be reporting fake news, because Oracle Trump claims big
corporations doing business here are paying at that 39% rate, even
though it has been reported on the news over and again that big
corporations basically can run their books in ways that absolutely
minimize their taxes. Wait...is Trump bull****ting us all *again*?

That reading comprehension thing got you again.
I said a simpler tax code (fewer loopholes) would raise more money at
a lower rate. Your brain fart totally ignored the statement.
We know that NOBODY pays the marginal rate on their gross income,
certainly not you or I.
An overly complex tax code allows everyone to shelter a lot of their
income and in the case of a multinational corporation they can simply
take their profit in a lower tax country. Why is that surprising to
you?



My comment was about Trump's continuing bull**** about the corporate tax
rate being something that is really in effect. Try reading for
comprehension. I wasn't responding to your call for a simpler tax code,
but it is an unknown that such in this country would raise more money at
a lower rate. That sort of depends upon whose ax is gored.

So you just did what you are always doing these days, injecting your
hate for the duly elected president into every thread you respond to
whether it is pertinent or not.
You have about 40 more months to do that so I might just have to start
ignoring your posts like I do with slammer and no man.


:)