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Thread: White House Tax Plan Would Ask More of Millionaires

  1. #2001
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by pbrauer View Post
    Why would anyone pay more taxes than are required, that's just plain stupid?

    (Get you whacks in early since this thread is so close to the 2K mark. Redress is likely to put this thread out of it's misery when she logs into DP today. }
    That is the liberal logic, if you think taxes aren't high enough and the govt. needs more revenue then do your civic duty and send in more money. Liberals however want to spread their misery equally to everyone else thus you never will see a liberal put their money where their mouth is. Buffet is fighting taxes on his business while promoting higher taxes on everyone else. That is hypocritical.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Jryan View Post
    Lobbyist can be good. The ones that are bad are the ones that are payed millions of dollars by big corporations. The intention of lobbyist was used and is abused by our current system.
    LOL, yes, of course but lobbyists promoting Green energy and stealing taxpayer money like Solyndra are good, right?

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Jryan View Post
    Lobbyist can be good. The ones that are bad are the ones that are payed millions of dollars by big corporations. The intention of lobbyist was used and is abused by our current system.
    It's best to keep them all out, because who is to say what is "bad" and what is "good"? Way to subjective and prone to corruption and crony-ism.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: White House Tax Plan Would Ask More of Millionaires

    (Get you whacks in early since this thread is so close to the 2K mark. Redress is likely to put this thread out of it's misery when she logs into DP today. }
    I say someone should recreate the thread as soon as she puts it down.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Ockham View Post
    It's best to keep them all out, because who is to say what is "bad" and what is "good"? Way to subjective and prone to corruption and crony-ism.
    Well the guy lobbying to build a damn isn't bad, the guy lobbying to release more toxins into the atmosphere is. Which do you think is run by a corporation?

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Sheik Yerbuti View Post
    The recession was caused by mostly Republican policies and was the result of those policies from years prior to 2007. Nothing the Democrats did or didn't do in 2007-2008 caused it. The economy collapsed froom the multitude of toxic loans written years earlier. That was the time to do something about it. By 2007, the damage was done, the housing market had already begun collapsing the year prior while Republicans were still in charge.


    Dayam, Conservative, talk about spin ... that is your standard, not mine. I believe the government can create jobs. How the hell do you ascribe your standards onto me and then tell me I'm the one who's wrong??

    :


    Yet more BS? I have shown you how every term for every Republican president except for Reagan since Hoover saw the unemployment rate rise; compared to every term for every Democrat president where the unemployment rate never rose. That you think Conservatives know how to drive the economy better than Liberals only speaks to you devotion to your ideology.


    That too is BS. Whenever I claim you are lying about something, I back up my accusation with facts. That's usually the point when you retreat to your talking points. That is not an allegation I make lightly and there is no one else on the forum I have said that about. You, on the other hand, are pathological and it's been well documented on here.
    Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 25+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. 38-41% JAR and well over 50-55% disapproval ratings.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    Sorry, but you have a very misguided view of corporations as they do not have special rights and priviledges that individuals don't have as any one that incorporates has those same rights. What is a corporation other than a legal entity? How many times do you want to tax a corporation? Corporations can be sued and are sued almost daily so not sure where you get the idea that they aren't
    It's very hard to sue a corporation because the owners of said corporation are allowed to not have their personal funds tied to the business. If the assets of the sole proprietorship or partnership cannot satisfy the debt, creditors can go after each owner's personal bank account, house, etc. to make up the difference. On the other hand, if a corporation runs out of funds, its owners are usually not liable. Meaning, the owner has minimized risk in the actual business itself, anymore, other than the business itself. Trying to sue someone who can drag out court processes for years because they, personally, are not affect, is very hard to do. Now, with today's internet and such, many just settled, but that is a fairly recent development.


    Earnings from a sole proprietorship are subject to self-employment taxes, which are currently a combined 13.3% on the first $106,800 of income. With a corporation, only salaries (and not profits) are subject to such taxes. This can save you thousands of dollars per year. This is a HUGE tax break, designed to help big businesses get bigger. It's just one way they have a an unfair competitive advantage over all other businesses.

    A corporation has many avenues to raise capital. It can sell shares of stock and create new types of stock, such as preferred stock, with different voting or profit characteristics. Plus, investors can rest assured knowing they are not personally liable for corporate debts. It is this that helped bring about the economic crisis we are currently in. A separation from personal risk and potential profit.

    Becoming incorporated is something any business can do once they reach a certain size, but it's not cheap.

  8. #2008
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    LOL, yes, of course but lobbyists promoting Green energy and stealing taxpayer money like Solyndra are good, right?
    I would say that is bad because they are profit motivated not goodness of the community motivated.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Jryan View Post
    Well the guy lobbying to build a damn isn't bad, the guy lobbying to release more toxins into the atmosphere is. Which do you think is run by a corporation?
    Both. Hence the illegitimacy and fecklessness of trying to categorize "good" and "bad".
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Ockham View Post
    Both. Hence the illegitimacy and fecklessness of trying to categorize "good" and "bad".
    I'll start a new thread as to not go off topic .

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