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Altor
Posts: 62
Feb 22, 2012 1:08pm
Proposing to lower the tax rate. He also proposes to eliminate "loopholes" and other deductions. He expects more tax revenues from this, which means the overall tax on businesses will go up.derek bomar;1092907 wrote:http://www.washingtonpost.com/business/economy/obama-to-propose-lowering-corporate-tax-rate-to-28-percent/2012/02/22/gIQA1sjdSR_story.html
there goes that crazy muffucker Obama, ya know, proposing to lower taxes on businesses! What a jerk!
derek bomar
Posts: 3,722
Feb 22, 2012 1:38pm
that's why he's a JERK man! Simplifying things so people can't abuse the system and it's more clear for everyone... what an asshat. No longer will corp's profit from an army of accountants... that's not right!Altor;1092924 wrote:Proposing to lower the tax rate. He also proposes to eliminate "loopholes" and other deductions. He expects more tax revenues from this, which means the overall tax on businesses will go up.
bases_loaded
Posts: 6,912
Feb 22, 2012 1:40pm
derek bomar;1092937 wrote:that's why he's a JERK man! Simplifying things so people can't abuse the system and it's more clear for everyone... what an asshat. No longer will corp's profit from an army of accountants... that's not right!
In other news 49.5% of Americans pay $0 in taxes...only .6% more and the Ds can control the gubment FOREVER
derek bomar
Posts: 3,722
Feb 22, 2012 2:07pm
nice deflection. I'll be waiting for someone to tell me why this is a bad idea.bases_loaded;1092939 wrote:In other news 49.5% of Americans pay $0 in taxes...only .6% more and the Ds can control the gubment FOREVER
fish82
Posts: 4,111
Feb 22, 2012 2:22pm
Yeah. Profits suck.derek bomar;1092937 wrote:that's why he's a JERK man! Simplifying things so people can't abuse the system and it's more clear for everyone... what an asshat. No longer will corp's profit from an army of accountants... that's not right!
bases_loaded
Posts: 6,912
Feb 22, 2012 2:25pm
derek bomar;1092949 wrote:nice deflection. I'll be waiting for someone to tell me why this is a bad idea.
It's a good idea...if you applied it to everyone.
Raising taxes on the individual who owns the business while "decreasing" taxes on the business get us nowhere and probably in a worst place.
derek bomar
Posts: 3,722
Feb 22, 2012 2:47pm
smh.fish82;1092962 wrote:Yeah. Profits suck.
derek bomar
Posts: 3,722
Feb 22, 2012 2:49pm
why is it probably worse? and how is it getting us nowhere? I'm curious.bases_loaded;1092964 wrote:It's a good idea...if you applied it to everyone.
Raising taxes on the individual who owns the business while "decreasing" taxes on the business get us nowhere and probably in a worst place.
fish82
Posts: 4,111
Feb 22, 2012 3:24pm
Back at ya.derek bomar;1092988 wrote:smh.
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jmog
Posts: 6,567
Feb 22, 2012 3:41pm
Not to mention he picked and chose which types of businesses got lower taxes and which ones didn't.derek bomar;1092907 wrote:http://www.washingtonpost.com/business/economy/obama-to-propose-lowering-corporate-tax-rate-to-28-percent/2012/02/22/gIQA1sjdSR_story.html
there goes that crazy muffucker Obama, ya know, proposing to lower taxes on businesses! What a jerk!
FYI, his plan raises the taxes on oil companies...who do you think will be paying this extra? I bet it is you and I at the gas pump.
The crazy guy also planned on raising the capital gains tax to nearly triple what it is now. Good news for all those business and retirees using their 401ks, pensions, and IRAs huh?
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jmog
Posts: 6,567
Feb 22, 2012 3:44pm
My problem isn't with those that owe $0 in taxes. My problem is with the government allowing people to have a NEGATIVE tax burden and actually getting more in returns than they paid in.derek bomar;1092949 wrote:nice deflection. I'll be waiting for someone to tell me why this is a bad idea.
Oh yeah, my other problem is those same people complaining that the rich don't pay their "fair share" when they are either paying 0 or getting free money.
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QuakerOats
Posts: 8,740
Feb 22, 2012 4:51pm
In a nut shell: very few are paying everything for very many, yet the very many are complaining that it is isn't enough, egged on by their activist 'leader'. This situation won't last much longer.
believer
Posts: 8,153
Feb 22, 2012 5:29pm
Well the Bammer did say he would like to see gas prices go up incrementally. He's doing a damned good job of it.jmog;1093024 wrote:FYI, his plan raises the taxes on oil companies...who do you think will be paying this extra? I bet it is you and I at the gas pump.
derek bomar
Posts: 3,722
Feb 22, 2012 5:52pm
You say raises taxes, I say tomahto. Look, at what % would the corp tax rate have to drop to to actually enforce it without fucking with the tax code so much that everyone has to hire 1000 tax accountants to get down to the lowest rate they can? Why doesn't it make sense to have everyone pay the same rate (for the most part - mfg apparently deserves to pay a little less)?jmog;1093024 wrote:Not to mention he picked and chose which types of businesses got lower taxes and which ones didn't.
FYI, his plan raises the taxes on oil companies...who do you think will be paying this extra? I bet it is you and I at the gas pump.
derek bomar
Posts: 3,722
Feb 22, 2012 5:56pm
So you don't have a problem with GE not paying taxes? But you have a problem with individual people to have a negative tax burden (poor people). Gotcha. So if the poor people turned into a zero-sum burden for the government, you'd be cool with that, since you're cool with corps that owe nothing to the feds?jmog;1093026 wrote:My problem isn't with those that owe $0 in taxes. My problem is with the government allowing people to have a NEGATIVE tax burden and actually getting more in returns than they paid in.
Oh yeah, my other problem is those same people complaining that the rich don't pay their "fair share" when they are either paying 0 or getting free money.
Maybe I am confused.
tk421
Posts: 8,500
Feb 22, 2012 9:11pm
ya, raise the capital gains tax to 44%. That's be sure and stimulate growth in the economy. Does Obama want this country to fail?
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stlouiedipalma
Posts: 1,797
Feb 22, 2012 11:00pm
QuakerOats;1092836 wrote:Today's real headlines:
Christie To Warren Buffett: 'Just Write A Check And Shut Up'...
Percentage of Americans who pay no tax hits 49.5... [HR][/HR]Tax revenue plunges in UK after 50% rate implemented... [HR][/HR]JARRETT: Unemployment Stimulates the Economy... [HR][/HR]SATISFACTION WITH COUNTRY WORST SINCE CARTER...
Change we can believe in ...
More unbiased jibberish from Chicken Little himself.
Imagine his surprise the morning after Election Day when the guy he backed lost again and the world didn't end.
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Manhattan Buckeye
Posts: 7,566
Feb 23, 2012 2:34am
"So you don't have a problem with GE not paying taxes?"
If GE was set up as an LLC it wouldn't pay taxes, nor would any other business, it would be a pass through entity that's gains and losses filter through directly to its equity owners. There are reasons why it would want to remain a taxable c corp, but IMO it is just unnecessary complexity that burdens everyone besides the paper pushers.
The corporate tax helps two sets of people: 1) Accountants, and 2) Tax attorneys.
If GE was set up as an LLC it wouldn't pay taxes, nor would any other business, it would be a pass through entity that's gains and losses filter through directly to its equity owners. There are reasons why it would want to remain a taxable c corp, but IMO it is just unnecessary complexity that burdens everyone besides the paper pushers.
The corporate tax helps two sets of people: 1) Accountants, and 2) Tax attorneys.
believer
Posts: 8,153
Feb 23, 2012 4:44am
Don't forget the tax bureaucrats. Plenty of those on the gubmint payroll.Manhattan Buckeye;1093380 wrote:The corporate tax helps two sets of people: 1) Accountants, and 2) Tax attorneys.
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jmog
Posts: 6,567
Feb 23, 2012 7:59am
You are confused, because I never said I was "ok" with GE paying $0 in taxes. I was talking about individuals in that post.derek bomar;1093086 wrote:So you don't have a problem with GE not paying taxes? But you have a problem with individual people to have a negative tax burden (poor people). Gotcha. So if the poor people turned into a zero-sum burden for the government, you'd be cool with that, since you're cool with corps that owe nothing to the feds?
Maybe I am confused.
derek bomar
Posts: 3,722
Feb 23, 2012 8:45am
right, and we're talking corp tax. So were you trying to be confusing or just trying to deflect or what?jmog;1093404 wrote:You are confused, because I never said I was "ok" with GE paying $0 in taxes. I was talking about individuals in that post.
derek bomar
Posts: 3,722
Feb 23, 2012 8:46am
I agree with your last point, but wouldn't simplifying it so that everyone paid the same hurt accountants and attorneys?Manhattan Buckeye;1093380 wrote:"So you don't have a problem with GE not paying taxes?"
If GE was set up as an LLC it wouldn't pay taxes, nor would any other business, it would be a pass through entity that's gains and losses filter through directly to its equity owners. There are reasons why it would want to remain a taxable c corp, but IMO it is just unnecessary complexity that burdens everyone besides the paper pushers.
The corporate tax helps two sets of people: 1) Accountants, and 2) Tax attorneys.
J
jmog
Posts: 6,567
Feb 23, 2012 8:49am
No you weren't, look again.derek bomar;1093431 wrote:right, and we're talking corp tax. So were you trying to be confusing or just trying to deflect or what?
The post I quoted from you, quoted someone else's post about 49.5% of INDIVIDUALS do not pay any taxes.
You said they were deflecting and why is that a "bad thing" to which I made my reply about negative tax burdens.
You are the one confused again.
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QuakerOats
Posts: 8,740
Feb 23, 2012 4:54pm
http://www.weeklystandard.com/blogs/chart-america-s-capita-government-debt-worse-greece_631797.html
Our per capita govt debt is worse than Greece....... change we can believe in
Our per capita govt debt is worse than Greece....... change we can believe in
Devils Advocate
Posts: 4,539
Feb 23, 2012 5:15pm
Our per capita income is almost 2 times what it is in Greece.... What's your point?QuakerOats;1093970 wrote:http://www.weeklystandard.com/blogs/chart-america-s-capita-government-debt-worse-greece_631797.html
Our per capita govt debt is worse than Greece.......