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Thread: Study finds Corporate America avoided $60B in taxes (2010)

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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by cpwill View Post
    evil companies ship jobs overseas. let's make 'em do it even more; that'll show them!
    Again, you don't really understand the problem. It is not taxes. That's the lie used to pander to those who think they can actually get business to stay here. It is instead near slave labor with no medical insurance concerns. We do with taxes altogether, and business would still be going overseas. At this point, we would simply ahve to agree to work for next to nothing and have no health care. That is really what it would take.

    But, pretend it's taxes.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by The Barbarian View Post
    You have got to be joking, you think that you can tax business at a nominal rate of near 40% of their gross profit ??? You are a prime example of why a liberal could never make it in business.

    I can't but to wonder if you even know what gross profit is.
    Yes, I know. Those poor, poor fellows. GOP: Special Victims unit.


    Seriously, I said, drop dedcutions, and tax at or slight above where they are now. And I repeat, you could do away with taxes altogether, and still lose business to overseas as long as we won't work for slave wages and have health care attached to business.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by lpast View Post
    This will be my last post in this thread...I want to respond to you CPwill so you didnt think I was ignoring you

    I didnt bring up the draft as an example of draftees I brought it up as an example of how the rich take advantage over others.
    It doesnt matter if they were drafted willfully or not...the point that you missed is that, the rich and powerful wrote a law into the draft code that enabled their privledged kids to avoid the draft entirely and the less fortunate everyday americans had no out. Back then there were no student loans or any aid...
    You may think thats perfectly ok to do...I think its never ok to manipulate which mans son takes the ultimate risk while the other mans son gets to play.
    i don't think any more highly of student deferrments than i think of the civil war system where you could hire someone to fight for you. though yes, that was something that our upper middle and upper classes writing in protection for their own. Someone Else's Son continues to be powerful today - ask anyone on recruiting duty in 2005-2006 how eager the middle and upper classes were for their children to enlist.

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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by Boo Radley View Post
    Yes, I know. Those poor, poor fellows. GOP: Special Victims unit.


    Seriously, I said, drop dedcutions, and tax at or slight above where they are now. And I repeat, you could do away with taxes altogether, and still lose business to overseas as long as we won't work for slave wages and have health care attached to business.
    I think the government will phase out deductions, because raising taxes is a political death trap. It's bound to happen... just like the IRS coming out with a form to try and collect offshored money.

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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by Boo Radley View Post
    Again, you don't really understand the problem. It is not taxes
    it's not just taxes. it's compliance costs, regulatory burdens, the cost of production, the relative risk of the locality, political stability...

    but yes, taxes are there, and they are a huge part. often decisions in business are controlled not by productivity, but by tax exposure. that is a killer.

    That's the lie used to pander to those who think they can actually get business to stay here. It is instead near slave labor with no medical insurance concerns.
    and exceedingly low productivity. remember that the price of labor is not the cost of labor - it is the cost of labor to value added.

    We do with taxes altogether, and business would still be going overseas.
    each nation should seek out their natural advantage in trade, this is true. what we want is the development of ours. but that can't happen without capital; and right now we push capital out and scare what's here onto the sidelines.

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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by cpwill View Post
    it's not just taxes. it's compliance costs, regulatory burdens, the cost of production, the relative risk of the locality, political stability...

    but yes, taxes are there, and they are a huge part. often decisions in business are controlled not by productivity, but by tax exposure. that is a killer.



    and exceedingly low productivity. remember that the price of labor is not the cost of labor - it is the cost of labor to value added.



    each nation should seek out their natural advantage in trade, this is true. what we want is the development of ours. but that can't happen without capital; and right now we push capital out and scare what's here onto the sidelines.
    We have as much or more capital than anyone else. We want more, greed if you will, getting the cheapest labor, slave if possible, paying out the least, nothing would be best. As long as they can go somewhere else for this, taxes are almost meaningless.

    What I'm saying is, there is nothing we can give them to keep them here. We would have to be willing to lower our standard of living to match where they're going. I think this is clear.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by Boo Radley View Post
    We do (sic) with taxes altogether, and business would still be going overseas. At this point, we would simply ahve to agree to work for next to nothing and have no health care. That is really what it would take.
    the american worker is overpaid, huh?

    the pensions, the benefits?

    no wonder so many gubs, mayors and city managers from both parties, as well as school districts around the country, are beginning to bust up so many unions

    unilaterally shredding so many bargains collectively agreed upon

    sign of the times, the age of obama

    we don't want that slave labor stuff coming here, now

    good thinking

    what's next, nietzsche?

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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by Boo Radley View Post
    I said, drop dedcutions (sic), and tax at or slight (sic) above where they are now.
    fantasies?

    LOL!

    obama CAVED

    where ya been?

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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by Boo Radley View Post
    taxes are almost meaningless
    LOL!

    you don't know what you're talking about

    Companies Flee Golden State - Jul. 12, 2011

    CME Group calls tax situation 'untenable;' says it may exit state - chicagotribune.com

    Caterpillar CEO threatens to leave Illinois

    once again, you lack the facts, frederick
    Last edited by The Prof; 07-31-11 at 03:53 AM.

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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by Boo Radley View Post
    We have as much or more capital than anyone else. We want more, greed if you will, getting the cheapest labor, slave if possible, paying out the least, nothing would be best.
    no. we want return and we want growth. and right now we don't have capital because it's either being held offshore, or being held off-line due to the fact that government will sieze it if they try to bring it back, and will tip over the canoe if they try to invest what they have here.

    the vast majority of nations have a territorial tax system. it really doesn't make sense to me how anyone can look at the incentives of us taxing people for repatriating funds and come to the conclusion that it's a good idea.

    As long as they can go somewhere else for this, taxes are almost meaningless.
    no, they aren't. because they strongly effect return.

    What I'm saying is, there is nothing we can give them to keep them here. We would have to be willing to lower our standard of living to match where they're going. I think this is clear.
    you are overemphasizing the hourly wage and benefits package to the point of absurdity.

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