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Thread: State of the Union Address

  1. #1121
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    Re: State of the Union Address

    Quote Originally Posted by AdamT View Post
    Nice bumber sticker, but in fact safety net programs have cut the poverty rate in half since they were enacted. And I think present conditions would be infinitely worse if we didn't have unemployment, food stamps, and other forms of assistance.
    Really? It was liberalism that cut the poverty rate and not individual incentive? Prove it? You certainly think with your heart now try to do it with your brain.

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    Re: State of the Union Address

    Quote Originally Posted by TurtleDude View Post
    People who have large amounts of investment income write quarterly checks based on a predicted income for that year
    You really are unlearned when it comes to taxation. There are "safe harbors" that allow you to defer paying quarterly (See Form 2210)
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  3. #1123
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    Re: State of the Union Address

    Quote Originally Posted by TurtleDude View Post
    I will tell the tax attorney and CPA that handle that stuff for me and my wife that some guy on a message board who most likely is not anywhere near the top 1 percent has a better suggestion on what we ought to do
    So you pay a tax atty to pay your taxes sooner than you need to, you don't know about Form 2210, and you think other people are unlearned about taxation? :
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  4. #1124
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    Re: State of the Union Address

    Quote Originally Posted by TurtleDude View Post
    another stupid post which seems to ooze envy. I have never said capital gains are taxed twice

    Dividends are
    And another dishonest post from TD

    Dividends are only taxed when received. That's just one time, not two
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  5. #1125
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    Re: State of the Union Address

    Quote Originally Posted by Dickieboy View Post
    Then maybe YOU can help me. 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?
    A businesses' revenue is not taxed. It's profit (or more accuratey, it's "income") is taxed. Then if the company is a publically owned corp, it can choose to distribute it's profit to its' shareholders as dividends. If it chooses to do so, those dividends are taxes when received. This tax is only applied one time (when received), not twice

    The "original distribution" is not taxed twice. It's not even taxed once. The PROFIT (not the revenue) is taxed one time, and only one time. If you don't want to pay a divident tax, you can avoid it very simply. Simply don't accept the dividend. Tell the corp to keep it and re-invest it to build the business.
    Last edited by sangha; 01-27-12 at 02:41 PM.
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  6. #1126
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    Re: State of the Union Address

    Quote Originally Posted by sangha View Post
    And another dishonest post from TD

    Dividends are only taxed when received. That's just one time, not two
    dividends represent corporate profit, so they are hit with corporate income tax and an individual income tax

    1+1=2.

  7. #1127
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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

    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
    No, he's not.

    If he were an owner, he'd be able to have some control over the corps assets. A stockholder does not control a corps assets

    Once again, TD is posting fiction
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  8. #1128
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    Re: State of the Union Address

    Quote Originally Posted by ARealConservative View Post
    dividends represent corporate profit, so they are hit with corporate income tax and an individual income tax

    1+1=2.
    For a good reason though, wouldn't you prefer the company use those profits to expand rather than just sending out profits to shareholders?
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: State of the Union Address

    Quote Originally Posted by iliveonramen View Post
    For a good reason though, wouldn't you prefer the company use those profits to expand rather than just sending out profits to shareholders?
    dividends are good, double taxation is a net drain on our economy

  10. #1130
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    Re: State of the Union Address

    Quote Originally Posted by TurtleDude View Post
    remind me of the number of corporations you own and your stock holdings (rounded to the nearest hundred k)
    The answer is "More than you ever will"


    we understand why the big government types try to justify this double taxation

    but the fact remains

    the same pool of money is subjected to TWO CUTS by the government and since you want the tax on dividends to be the same as earned income tax (40% for people like me) that means the GOVERNMENT takes more than 60% of that pool of money

    you can pretend its different entities BEING taxed but it is the same ENTITY TAKING the money

    You can spew that you EXPLAINED IT and you still cannot figure out that this does not JUSTIFY such parasitic activity

    Now I will EXPLAIN to you that I am tired of being told that its OK for the government to take that much money to make those who don't have the skill or productivity to actually invest money feel better
    And once again, TD has resorted to posting fiction, even though it's been explained that the corp is taxed once, and the stockholder is taxed once
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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