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Thread: State of the Union Address

  1. #1071
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    Re: State of the Union Address

    Quote Originally Posted by MaggieD View Post
    You really do lose credibility when you argue that dividends are not taxed twice, for they are. You can argue that it doesn't make any difference to you, that it should be that way, but reality is reality. I would argue that there are few (if any...can't think of any) expenditures a business makes in the course of its business that aren't tax deductible. And their being tax deductible is what triggers tax on the receiving end.
    Actually, the reality is each entity is taxed separately. Again, that's the cost of having all of the benefits a corporate can bring.

    But I understand where you're coming from. The term double taxation is based on this exact scenario. If you're the sole owner of a corporation, you 'feel' double taxed. But that's the only way a corporation can exist, if it's considered a legal separate entity from it's shareholders. Without that layer, nothing stops the shareholders from be personally attacked if lawsuits are placed against their corporation.
    Last edited by Tettsuo; 01-27-12 at 12:29 PM.
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  2. #1072
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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    Who is it that is paying taxes twice on this money?
    Haymarket, dividends are taxed twice. The tax is being paid by two separate entities. I imagine you would have a different outlook if your pension fund had to pay tax on its profits, and then you had to pay tax on them when you received them....for that would mean you would receive substantially less than you do.

    Gift tax. Tax paid by the giver. Received by the giftee tax-free.
    Inheritance tax. Paid by the estate. Received by the beneficiary tax-free.
    Alimony. Deducted by the payer. Taxable to the receiver.
    Salary. Deducted by the business. Taxable to the employee.
    Health Insurance Premiums. Deducted by the business. Not taxed to the employee. Oops. (A pet peeve of mine, by the way.)
    OEM businesses. No tax paid on purchases for the purpose of manufacturing. Tax collected when the manufactured item is sold.
    And on and on and on.

    Capital gains are treated as an anomoly. Taxed twice.
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  3. #1073
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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    Who am I disrespecting?
    Just a few examples:

    Quote Originally Posted by haymarket View Post
    Unlike others here, I do not base my political positions on if the sun shines on my own ass.
    Quote Originally Posted by haymarket View Post
    That clearly would not be you Turtle since you repeatedly seem ignorant …ignore it and skate on by with blinders on your eyes.
    Quote Originally Posted by haymarket View Post
    In fact, it is a tribute to your abilities of physical control that there was not an additional eruption of fluids from other openings as well.
    Sounds disrespectful to me…

  4. #1074
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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    Who am I disrespecting? If somebody wants to take the position that they want all the money that they can get and are willing to embrace a large variety of contradictory positions on different tax schemes to obtain a tax cut - that is their right. And it is mine to point that out. How is that disrespecting anyone? It simply accepting their position and exposing it for what it is.
    What I find interesting is always the rhetoric about spending in the name of compassion yet never any rhetoric about never getting compassionate results meaning actual results. I wonder what it is about someone who works in state govt. promoting massive increases in spending by the Federal govt. on issues that are state and local responsibilities. What drives people like you to promote that ideology? What is it that the Federal Govt. knows about state and local problems that you don't? Could it be that you really aren't concerned about state and local problems but more concerned about giving those problems lip service and claiming how much you care?

    How does sending the money to the Federal Govt. and having them distribute that money as they see fit benefit you at the local level?
    Last edited by Conservative; 01-27-12 at 12:36 PM.

  5. #1075
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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    Who is it that is paying taxes twice on this money?
    exactly. SOMETIMES the corporation pays taxes, sometimes they don't. then, the individual pays, once.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: State of the Union Address

    Quote Originally Posted by MaggieD View Post
    Haymarket, dividends are taxed twice. The tax is being paid by two separate entities. I imagine you would have a different outlook if your pension fund had to pay tax on its profits, and then you had to pay tax on them when you received them....for that would mean you would receive substantially less than you do.

    Gift tax. Tax paid by the giver. Received by the giftee tax-free.
    Inheritance tax. Paid by the estate. Received by the beneficiary tax-free.
    Alimony. Deducted by the payer. Taxable to the receiver.
    Salary. Deducted by the business. Taxable to the employee.
    Health Insurance Premiums. Deducted by the business. Not taxed to the employee. Oops. (A pet peeve of mine, by the way.)
    OEM businesses. No tax paid on purchases for the purpose of manufacturing. Tax collected when the manufactured item is sold.
    And on and on and on.

    Capital gains are treated as an anomoly. Taxed twice.
    Maggie - it matters not to me if the same pile of money is taxed fifty times. As long as each time it changes hands from one entity to the other that is fine and good and there is no problem with it not no double taxation on the taxpayer.
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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    Maggie - it matters not to me if the same pile of money is taxed fifty times. As long as each time it changes hands from one entity to the other that is fine and good and there is no problem with it not no double taxation on the taxpayer.
    So in other words it is never about how the money is spent but the importance of getting more and more tax dollars? Thanks for explaining liberalism so well.

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    Re: State of the Union Address

    Quote Originally Posted by liblady View Post
    SOMETIMES the corporation pays taxes...
    And why is that? Considering the OP topic didn't BHO propose to further corporate tax exemptions? And that is suddenly acceptable now?

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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    Maggie - it matters not to me if the same pile of money is taxed fifty times. As long as each time it changes hands from one entity to the other that is fine and good and there is no problem with it not no double taxation on the taxpayer.
    That is a fair statement. Trying to argue that dividends are not taxed twice is not.
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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    Maggie - it matters not to me if the same pile of money is taxed fifty times. As long as each time it changes hands from one entity to the other that is fine and good and there is no problem with it not no double taxation on the taxpayer.
    I believe this explains some of the difference in our opinions. I feel that my ownership of stock is ownership of company. When a consumer pays for G/S to the company they are paying ME thus money changes from their hand to MY hand, being a fractional owner of the company. Yes, company liabilities are separate from me via corporate law but the same liabilities are also satisfied, in part, with MY money, either via revenue from consumer OR my stock purchase.

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