Page 12 of 18 FirstFirst ... 21011121314 ... LastLast
Results 111 to 120 of 180

Thread: Obama seeks 28 percent corp. tax rate

  1. #111
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 12:19 PM
    Gender
    Lean
    Independent
    Posts
    16,263

    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by apdst View Post
    Tell me you're not seriously posting this as a retort. Please?

    Umm...hint...we're talking about tax, "deductions", not tax, "credits". You do know the difference. Yes?
    It never ceases does it? Credits reduce taxation burdens far more than deductions, which simply shift brackets. Given that corporate tax brackets are phased out above $335k, credits are the means in which corporations can greatly reduce their total tax burden.

    I take it you will never admit your errors, so you may now have the last word.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  2. #112
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Today @ 10:45 AM
    Gender
    Lean
    Conservative
    Posts
    30,324

    Re: Obama seeks 28 percent corp. tax rate

    The question I have is this,

    In a moderately sized business, would the losses that could be written off be less than the rate savings gained? If not, it is pretty simple to see that this is another lie from Obama the deciever.


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  3. #113
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 02:13 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,548

    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by Kushinator View Post
    It never ceases does it? Credits reduce taxation burdens far more than deductions, which simply shift brackets. Given that corporate tax brackets are phased out above $335k, credits are the means in which corporations can greatly reduce their total tax burden.

    I take it you will never admit your errors, so you may now have the last word.
    Credits only go into effect when a company spends money. So yes, they reduce the actual tax bill, but they don't reduce the amount of money that has to come out of a company's bank account.

    Money out, is money out.

    Do you possibly understand what the, "bottom line", is? I'm thinking...uh...no!
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  4. #114
    Banned
    Join Date
    Jun 2011
    Location
    The greatest city on Earth
    Last Seen
    08-04-12 @ 04:27 PM
    Gender
    Lean
    Moderate
    Posts
    31,089

    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by apdst View Post
    "have" the same deductions? No. "qualify" for the same deductions? Yes.....
    glad to see you finally admitted the idiocy of your claim.

  5. #115
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by apdst View Post
    Credits only go into effect when a company spends money. So yes, they reduce the actual tax bill, but they don't reduce the amount of money that has to come out of a company's bank account.

    Money out, is money out.

    Do you possibly understand what the, "bottom line", is? I'm thinking...uh...no!
    The money goes out, but a credit means that you get it back. Rocket science it ain't.

  6. #116
    Global Moderator
    Truth will set you free
    digsbe's Avatar
    Join Date
    May 2009
    Location
    Metro Washington DC
    Last Seen
    Today @ 01:49 PM
    Gender
    Lean
    Other
    Posts
    18,990

    Re: Obama seeks 28 percent corp. tax rate

    I wonder how OWS will respond.
    When the debate is lost, slander becomes the tool of the loser. -Socrates
    Tired of elections being between the lesser of two evils.

  7. #117
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 02:13 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,548

    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by AdamT View Post
    The money goes out, but a credit means that you get it back. Rocket science it ain't.
    Well, not neccessarily. It's like new hire credits that Obama has proposed. He expects a business to spend $30,000+ so as to qualify for a $3,000 tax credit.

    So, no, it doesn't mean that you get it back.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  8. #118
    Sage
    Gill's Avatar
    Join Date
    Dec 2005
    Location
    The Derby City
    Last Seen
    12-08-17 @ 10:39 AM
    Gender
    Lean
    Slightly Conservative
    Posts
    8,686

    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by digsbe View Post
    I wonder how OWS will respond.
    They'll probably crap on Obama's limo.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





  9. #119
    Matthew 16:3

    Join Date
    Jul 2008
    Location
    Everywhere and nowhere
    Last Seen
    06-24-17 @ 05:05 PM
    Gender
    Lean
    Progressive
    Posts
    45,603

    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by apdst View Post
    When did I say, "have"? I said, "qualify".
    You said "Have"

    Quote Originally Posted by apdst View Post
    All corporations have the same tax deductions.
    I made it a little larger for you.
    Tucker Case - Tard magnet.

  10. #120
    Matthew 16:3

    Join Date
    Jul 2008
    Location
    Everywhere and nowhere
    Last Seen
    06-24-17 @ 05:05 PM
    Gender
    Lean
    Progressive
    Posts
    45,603

    Re: Obama seeks 28 percent corp. tax rate

    BTW, the drop from 35 to 28 only affects the top corporate tax rate. Small businesses already get screwed by the corporate tax rate. If a corporation only earns 100,000- 335,000 in taxable income their rate is 39% for income over $100,000 + $22,250.
    Tucker Case - Tard magnet.

Page 12 of 18 FirstFirst ... 21011121314 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •