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Thread: State of the Union Address

  1. #1031
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    Re: State of the Union Address

    Quote Originally Posted by TurtleDude View Post
    what you dishonestly ignore is that if I am paid X amount of money and pay tax on it and I pay you to cut my grass you pay tax on it but there has been an exchange of value and you have derived income from your actions which I pay you for

    BIg difference
    so what? Two different people pay two their own tax obligation. Just like with capital gains.
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  2. #1032
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    Re: State of the Union Address

    Quote Originally Posted by Dickieboy View Post
    Just so I understand, a company generates revenue from a change in ‘owners’ of money. If I own stock in a company and they make a profit isn’t some miniscule portion of that profit mine? The company pays tax on that profit (including my miniscule part). They then MAY distribute any remaining in dividend (which represents my miniscule part of the original PRETAX profit) to me which I pay tax on. How is the ORIGINAL transfer of money not taxed twice?
    You are a shareholder.
    The corporation is a legal entity with its own legal obligations. They are separate and distinct from yours. If they make a profit, they pay tax. When you receive your dividend as a shareholder, you then have earned income and you will pay your legal obligation on what you earned which is separate and distinct from the legal entity of the corporation.

    That is basic law.
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    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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    Re: State of the Union Address

    Quote Originally Posted by TurtleDude View Post
    asked and answered so many times I must conclude you are trying to disrupt the thread
    You are half right Turtle. It has been asked many many times.
    You have never ever provided a defense of it other than the personal gain motivation for you.
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  4. #1034
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    Re: State of the Union Address

    Quote Originally Posted by TurtleDude View Post
    Sometimes searching for the answer yourself will lead to more enlightenment than having a wise man spoon feed you the answer. You are familiar with the socratic method I assume?
    It is intellectually dishonest to send Adam on a wild goose chase for something that does not exist. Unless one considers the justification that one simply wants more money to be the defense he is suppose to find.
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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    so what? Two different people pay two their own tax obligation. Just like with capital gains.
    it is dishonest to pretend that is what is happening

  6. #1036
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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    It is intellectually dishonest to send Adam on a wild goose chase for something that does not exist. Unless one considers the justification that one simply wants more money to be the defense he is suppose to find.
    You know well that there have been dozens of posts explaining why LONG term capital gains are taxed less

    those include

    1) the risk element
    2) to stimulate investment
    3) the diminishing of the investment due to inflation

    and it is why SHORT TERM capital gains are taxed the same as earned income

    what is pathetic is people who are mad that some can avoid having earned income while having no problem with so many voters having no income tax

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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    You are a shareholder.
    So does that mean I am not a part owner of the corporation?

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    Re: State of the Union Address

    Quote Originally Posted by Dickieboy View Post
    So does that mean I am not a part owner of the corporation?
    Perhaps you should ask someone who actually understands corporate ownership

    yes you are, and maybe you should ask Haymarket why he supports the government taking say 350K out of a corporate profit of one million and then the same government taking 40% of the dividends paid to the OWNERS (assuming they are "rich"). What this means is

    start with one million and it is reduced by 350 to 650

    then apply a 40% income tax (Haymarket wants dividends treated the "same" [he ignores this first cut of taxation which of course doesn't apply to your salary] to the 650 distributed as dividends. that is another 260K taken by the government

    so the one million made by the private corporation is diminished by 610 thousand leaving only 390K for the owners

    that pretty much defines a parasitic tax system

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    Re: State of the Union Address

    Quote Originally Posted by TurtleDude View Post
    Perhaps you should ask someone who actually understands corporate ownership
    Maybe so but it was my goal to walk through this one step at a time in an effort to understand where he (etal) and I (etal) differ in our opinions.

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    Re: State of the Union Address

    Quote Originally Posted by Dickieboy View Post
    So does that mean I am not a part owner of the corporation?
    It means what you "own" is a share in the company.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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