Page 3 of 6 FirstFirst 12345 ... LastLast
Results 21 to 30 of 59

Thread: Profits thrive in weak recovery

  1. #21
    Professor

    Join Date
    Jan 2011
    Last Seen
    03-23-13 @ 02:33 AM
    Gender
    Lean
    Conservative
    Posts
    1,265

    Re: Profits thrive in weak recovery

    Quote Originally Posted by Lord Tammerlain View Post
    You know I get doubled taxed every day

    I pay income taxes on my income, I then have to pay taxes on that taxed income for sales taxes, gas taxes, property taxes. All are being paid for from my income which has been taxed already.

    Then as you collect SS which was taxed from your income, you get taxed on the SS you receive as well
    Oh I know .. the death tax just happens to be a pet peeve of mine … we need a complete over haul of our tax codes .. there is something like 6,000 pages to it .. I can't remember the amount Americans spend on having their taxes done each year .. but I do remember it's a ton of money

    It's just one of the reasons that for many years now .. I've been in favor of some sort of flat tax … no filing at the end of the year .. . no need for the IRS .. pay it .. and be done with it .

  2. #22
    Sage
    Lord Tammerlain's Avatar
    Join Date
    Jan 2010
    Last Seen
    Today @ 02:27 PM
    Lean
    Undisclosed
    Posts
    10,493

    Re: Profits thrive in weak recovery

    Quote Originally Posted by 1Perry View Post
    There is a problem with many of these articles. Many times they will interchange "income" and "profits". Many companies have raised their prices because of inflation. They have increased the money they bring in. That doesn't always equate with an equal profit.

    Also we need a breakdown on the businesses profiting. Investment banks and the similiar are doing very, very well because we as taxpayers are filing their coffers.
    Income generally means profit when talking about companies

    The amount of money they bring in is called revenues, which is definately not equated with profit. Companiews are not generally taxed on revenues, but on profit or "corporate income"
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

  3. #23
    Sage
    Lord Tammerlain's Avatar
    Join Date
    Jan 2010
    Last Seen
    Today @ 02:27 PM
    Lean
    Undisclosed
    Posts
    10,493

    Re: Profits thrive in weak recovery

    Quote Originally Posted by The Barbarian View Post
    Oh I know .. the death tax just happens to be a pet peeve of mine … we need a complete over haul of our tax codes .. there is something like 6,000 pages to it .. I can't remember the amount Americans spend on having their taxes done each year .. but I do remember it's a ton of money

    It's just one of the reasons that for many years now .. I've been in favor of some sort of flat tax … no filing at the end of the year .. . no need for the IRS .. pay it .. and be done with it .
    You would still need the IRS, to collect the money and audit people not paying the flax tax and other cheats
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

  4. #24
    Banned
    Join Date
    Jun 2011
    Last Seen
    03-16-12 @ 11:02 PM
    Gender
    Lean
    Libertarian
    Posts
    7,624

    Re: Profits thrive in weak recovery

    Quote Originally Posted by Lord Tammerlain View Post
    Income generally means profit when talking about companies

    The amount of money they bring in is called revenues, which is definately not equated with profit. Companiews are not generally taxed on revenues, but on profit or "corporate income"
    I've read many articles that will have the headlines "Companies incomes increase despite recession". When you read the articles they are only noting the revenues.

  5. #25
    Sage
    Lord Tammerlain's Avatar
    Join Date
    Jan 2010
    Last Seen
    Today @ 02:27 PM
    Lean
    Undisclosed
    Posts
    10,493

    Re: Profits thrive in weak recovery

    Quote Originally Posted by 1Perry View Post
    I've read many articles that will have the headlines "Companies incomes increase despite recession". When you read the articles they are only noting the revenues.
    Then they are morons who should not be reporting on business news
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

  6. #26
    Ideologically Impure
    Simon W. Moon's Avatar
    Join Date
    Apr 2005
    Location
    Fayettenam
    Last Seen
    12-18-17 @ 11:02 AM
    Gender
    Lean
    Conservative
    Posts
    16,981
    Blog Entries
    5

    Re: Profits thrive in weak recovery

    Quote Originally Posted by Lord Tammerlain View Post
    Then they are morons who should not be reporting on business news
    Nor science news, nor technology news, nor...
    They should pretty much stick to reporting on what they went to school for--they can report on journalism news.

    Seriously though, some of the mistakes they make sometimes make junior high schoolers cringe. I don't remember the article, but I saw one where 10^n+3 was explained as being three times as much as 10^n. I know it was outside their chosen field of study, but I think that's standard high school math. Isn't it?
    I may be wrong.

  7. #27
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 03:14 PM
    Gender
    Lean
    Very Conservative
    Posts
    77,990

    Re: Profits thrive in weak recovery

    Quote Originally Posted by PeteEU View Post
    Profits are up because they have cut their workforces... that profits then will go down because no one has work to buy their products is another matter for later on
    They cut their workforce, so they could maintain their profit margin.

    Explain to us what has been accomplished by companies losing money. Many thanks!

  8. #28
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 03:14 PM
    Gender
    Lean
    Very Conservative
    Posts
    77,990

    Re: Profits thrive in weak recovery

    Quote Originally Posted by Gargantuan View Post
    Profits Thrive in Weak Recovery - WSJ.com



    So tax cuts on corporations are the answer right? Obviously if we give corporations less of a tax burden, they will have even more enormous profits, so they can hire more workers, right? Yeah, no.
    Why are people getting such hard-ons for companies making profits? What's to be gained from not making a profit?

  9. #29
    Educator

    Join Date
    Mar 2009
    Last Seen
    07-08-11 @ 01:37 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    1,235

    Re: Profits thrive in weak recovery

    Quote Originally Posted by apdst View Post
    Why are people getting such hard-ons for companies making profits? What's to be gained from not making a profit?
    That's not the idea. This isn't a class warfare thread. As Simon pointed out, this is about people constantly espousing the idea that cutting taxes on businesses will lead to more hiring. Obviously that is not correct.

  10. #30
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 03:14 PM
    Gender
    Lean
    Very Conservative
    Posts
    77,990

    Re: Profits thrive in weak recovery

    Quote Originally Posted by Deuce View Post
    Wait a minute. A business needs to have customers with money to sell things to!?



    Straw man. Nobody suggested that.
    Then, why all the boo-dayin over profitable companies of late?

Page 3 of 6 FirstFirst 12345 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •