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Thread: State of the Union Address

  1. #1081
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    Re: State of the Union Address

    Quote Originally Posted by liblady View Post
    exactly. SOMETIMES the corporation pays taxes, sometimes they don't. then, the individual pays, once.
    Bingo, actual corporate tax rates are around 18%, half of what some claim they are paying.


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    Re: State of the Union Address

    Quote Originally Posted by Conservative View Post
    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.
    Your comment meant to attack me is absurd. I state a legal principle that is how it is in the world of reality and you have the unmitigated gall to attack me for it!?!?!?!?!?

    Amazing.
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    Re: State of the Union Address

    Quote Originally Posted by iguanaman View Post
    Bingo, actual corporate tax rates are around 18%, half of what some claim they are paying.

    Your "bingo" is no surprise to those who understand the difference between marginal tax rates and effective tax rates.
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    Re: State of the Union Address

    Quote Originally Posted by Dickieboy View Post
    And why is that? Considering the OP topic didn't BHO propose to further corporate tax exemptions? And that is suddenly acceptable now?
    i think targeted deductions to drive behavior are fine.

    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 liblady View Post
    i think targeted deductions to drive behavior are fine.
    Just for clarity and NOT a personal attack, loopholes are fine?

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    Re: State of the Union Address

    Quote Originally Posted by TurtleDude View Post
    If someone lives off of investments Obama wants to double (at least) their taxes if they are making a million a year.

    are you of the opinion that someone who has a million in income and spends at a level consistent with other people is not going to be hurt if their federal income taxes go from 150K to 300K (and of course they are also paying massive state income taxes and property taxes most likely as well)
    Well, not sure your numbers or correct, but largely, yes, studies show their spending habits don't change.

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    Re: State of the Union Address

    Quote Originally Posted by Dickieboy View Post
    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.
    You can feel anything you want to feel. You can believe anything you want to believe. That does not change anything about the law or the reality of the situation.

    The fact is that a corporation is one legal entity with its own obligations and that includes paying its taxes on its profit as a corporation and as its own legal entity.
    You as a owner of some shares in that corporation have limited rights as the owner of those shares and among them are dividends paid to you. The law says that you are a different legal entity and the money paid to you in dividends is now income and you pay tax on it.

    This idea that you are an OWNER OF THE COMPANY may be partially valid in a very limited sense of the term in that the company has been divided up into a very large number of pieces and you own a piece of paper or title to one very small part of it. You obviously do not have OWNERSHIP of the company in the same way that a single owner does over their company or even a partner does in a company. So to use the term OWNER without qualifying just what your limited rights are, is a bit of a intentional three card montie game.

    I am not saying you are doing this - but it is obvious that it is indeed a meme of those who argue this double taxation on capital gains - that they want to trumpet this "I own the company" so they can them make a case for stringing a bunch of connect the dots together to claim it is them that are being taxed twice.

    The law says otherwise and the basic principle of a corporation says otherwise.

    I own stock in Disney. I have taken my family there many times. Not once did I get in free as an OWNER of Disney. Not once did I even get a free meal as an OWNER of Disney. I did not get so much as a lousy pair of mouse ears as an OWNER of Disney.

    I own stock in a major brewery also. No free beer either.

    What I own is not the company but shares of stock which give me limited rights. But that is good because my liability and obligations are also limited. That would not be the case if I was the true OWNER of the company.
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    Re: State of the Union Address

    Quote Originally Posted by Dickieboy View Post
    Just for clarity and NOT a personal attack, loopholes are fine?
    i don't think deductions for creating jobs are loopholes.

    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 Dickieboy View Post
    You are profoundly correct with this statement. Those espousing ‘fair’ and ‘tax the rich’ are equally placing the ultimately priority on THEIR personal gain over anything else.

    Thank you for that.
    I don't think that's accurate. Top marginal rates were considerably higher in the 70s and 80s and are now extremely low by historical standards.

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    Re: State of the Union Address

    Quote Originally Posted by iguanaman View Post
    Bingo, actual corporate tax rates are around 18%, half of what some claim they are paying.

    Tell us again how dividends are paid pre profits? What are taxes so important to you and not how those dollars are spent? Spending in the name of compassion appeals to your heart but ignores the failed results of that spending which is recognized by your brain.

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