Page 14 of 18 FirstFirst ... 41213141516 ... LastLast
Results 131 to 140 of 180

Thread: Obama seeks 28 percent corp. tax rate

  1. #131
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 11:02 AM
    Gender
    Lean
    Very Conservative
    Posts
    76,475

    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by AdamT View Post
    Right, if your cost is $30,000 and you bring in $30,001, then you've made $1 in profit. That's called arithmetic. I realize the concept is foreign to most wingnuts.
    Ummm...$1 isn't an acceptable profit, when you do the risk management.

    And Libbos claim to be smarter than the rest of us?
    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.

  2. #132
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 11:02 AM
    Gender
    Lean
    Very Conservative
    Posts
    76,475

    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by Tucker Case View Post
    Why did you ask the following then



    It doesn't take a garbage man to figure out you actually didn't remember that you said "have".

    Or do you not know what "when" means?
    Do you know what, "clarify", means? I already clarified what I meant. Figure it out and then let it go.
    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.

  3. #133
    Sage

    Join Date
    Sep 2010
    Last Seen
    Today @ 12:22 PM
    Lean
    Undisclosed
    Posts
    89,905

    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by apdst View Post
    I've never advocated cutting taxes. If anything, they should be left alone. One thing is certain, though; raising taxes isn't going to encourage expansion and therefore hiring.
    The right in America has been advocating cutting taxes on corporations for a long time now. The false premise they operate under is the notion that if they have more money at their disposal they will hire more workers in expansion and growth. Apdst wisely pointed out that there is but one main motivation for hiring more workers and that is that each worker brings more in than they cost.

    Thank you apdst for helping to expose this right wing conservative talking a point as a fraud.

    this article shows how Herman Cain and Rick Perry - both failed right wing conservative candidates for the GOP nomination advocated such nonsense.

    http://articles.sun-sentinel.com/201...taxes-tax-plan

    Two Republican presidential candidates, Herman Cain and Rick Perry, have proposed tax reform proposals to stimulate the economy and spur job growth. Both proposals share many desirable attributes, such as simplifying the complex tax code, lowering the corporate tax rate to become globally competitive again, eliminating the death tax and capital gains tax to increase capital mobility, eliminating taxes on repatriated foreign earnings of U.S. multinational companies so they make investments at home, and maintaining revenue neutrality so the tax cuts will not add to the federal budget deficits.
    Mitt Romney in Detroit today perpetuated the fraud that apdst wisely knows not to be true

    http://www.cbsnews.com/8301-503544_1...onomic-vision/

    and Rick Santorum also pushes the fraud

    http://www.dailyiowan.com/2012/02/23...ons/27143.html

    I am very glad that apdst can see through this fraud and knows such tax cuts to corporations will not spur hiring and jobs.
    Last edited by haymarket; 02-25-12 at 12:05 AM.
    __________________________________________________ _
    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

  4. #134
    Global Moderator
    Truth will set you free
    digsbe's Avatar
    Join Date
    May 2009
    Location
    Metro Washington DC
    Last Seen
    Today @ 10:58 AM
    Gender
    Lean
    Other
    Posts
    18,984

    Re: Obama seeks 28 percent corp. tax rate

    To be truthful of Obama is sincere on this then I support it 100%. We should end the tax loopholes and lower the tax rate. Certain companies that get away with paying no taxes should not be able to legally get away with that.
    When the debate is lost, slander becomes the tool of the loser. -Socrates
    Tired of elections being between the lesser of two evils.

  5. #135
    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
    Do you know what, "clarify", means? I already clarified what I meant. Figure it out and then let it go.
    Yes, I do know what clarify means, and obviously you don't. I'll put it in the same category as "Qualify" since you clearly don't have any grasp on that word's meaning either.

    See, you didn't clarify what you meant, you instead avoided admitting that you ****ed up while you were pretending to know what you are talking about. Clarifying occurs when you weren't clear. In this case, your statement was very clear, and also very wrong.
    Tucker Case - Tard magnet.

  6. #136
    Banned
    Join Date
    Nov 2011
    Last Seen
    07-17-12 @ 08:04 AM
    Gender
    Lean
    Undisclosed
    Posts
    439

    Re: Obama seeks 28 percent corp. tax rate

    25 Companies with the Largest Total Tax Subsidies: 2008-10

    Company - ($-millions) - Tax breaks
    ********************************
    Wells Fargo $ 17,960
    AT&T 14,491
    Verizon Communications 12,332
    General Electric 8,398
    International Business Machines 8,265
    Exxon Mobil 4,096
    Boeing 3,585
    PNC Financial Services Group 3,354
    Goldman Sachs Group 3,178
    Procter & Gamble 3,158
    Merck 2,860
    PG&E Corp. 2,726
    Hewlett-Packard 2,677
    American Electric Power 2,610
    Devon Energy 2,563
    Wal-Mart Stores 2,511
    Coca-Cola 2,461
    American Express 2,427
    NextEra Energy 2,380
    Chesapeake Energy 2,303
    Exelon 2,224
    Duke Energy 2,132
    Comcast 2,125
    Union Pacific 2,012
    United Technologies 1,986
    Total these 25 companies $ 114,815
    Other 255 companies 107,885
    *************************************
    All companies $ 222,701

    http://www.ctj.org/corporatetaxdodge...gersReport.pdf
    Despite the fact that these 25 corporations recorded profits for which they paid no tax (2008-10), they actually received an additional $114.8 billion from the federal government in tax refunds.
    Last edited by jgarden47; 02-25-12 at 01:10 PM.

  7. #137
    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
    Ummm...$1 isn't an acceptable profit, when you do the risk management.

    And Libbos claim to be smarter than the rest of us?
    Yeah, obviously it was just a hypothetical. Sadly, for some, one must truly connect ALL the dots.

  8. #138
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 11:02 AM
    Gender
    Lean
    Very Conservative
    Posts
    76,475

    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by jgarden47 View Post
    Despite the fact that these 25 corporations recorded profits for which they paid no tax (2008-10), they actually received an additional $114.8 billion from the federal government in tax refunds.
    There's no way that a corporation can report a profit and pay no taxes. Stop believing the propaganda.

    These companies probably paid quarterly taxes, which are shown as deductions on their 1040C. More than likely, the reason they received refunds, is because they overpaid their quarterly payments.

    I've made quarterly payments for 2010 and 2011 and received a refund for both.

    All that aside, all those companies paid millions, if not billions in payroll taxes, SS and medicare. So, the notion that they paid nothing is rediculous.
    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.

  9. #139
    Finite and Precious
    Jredbaron96's Avatar
    Join Date
    Mar 2011
    Location
    With you.
    Last Seen
    Today @ 12:06 PM
    Gender
    Lean
    Liberal
    Posts
    7,876
    Blog Entries
    2

    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by NAKED N00B View Post
    Let's say that a company has $1 million in taxable revenue. A 35% tax rate would have them paying $350,000. That's just another cost to them. That's a cost the same way that their employees' wages are a cost. The same way that materials are a cost. The same way that transportation of goods is a cost. It's all put into what they're going to have to pay. If they sell 1 million units a year, that's an extra 35 cents per unit that they will have to raise the price. If the corporate tax rate was 28%, the cost would be $280,000 and only 28 cents per unit. 10% = 100,000 = 10 cents per unit.

    Pretty simple. The lower the costs incurred through corporate taxes, the more freedom corporations have to lower their prices to make them more competitive. That's less money consumers are spending. This has two main benefits.

    First, it allows us to compete with other countries with lower corporate tax rates because it brings down our prices compared to theirs. Let's keep going with the example I've given. Ireland has a pretty low corporate tax rate. I think it's around 15%. So if other costs of production are equal, the corporate tax for the Irish corporation adds only 15 cents per unit while the US corporation incurs an extra 35 cents per unit. There are obviously going to be other costs. The cost to ship from Ireland would be much more. There are differences in wages and currency conversion, etc. But for this example we'll ignore that. Just with the corporate tax rate, Ireland beats us by 20 cents per unit, making their products that more attractive. If we lowered it, even to 20-25%, that's enough to compete more effectively with other countries.

    Secondly, it creates more demand for the product. Simple supply and demand going on here. If we make the cost for a corporation less and the price drops a similar amount, then demand will rise. It encourages the corporation to produce more. They hire more people. They make more money. They can invest more. There's a huge economic benefit.

    With the corporate tax rate, you're really just seeing the costs passed on to consumers through higher prices. If we lower the corporate tax rate we become more competitive and boost production with higher demand for cheaper products.
    Interesting.

    Wiat, doesn't the Irish economy suck right now?
    "Human kindness has never weakened the stamina or softened the fiber of a free people. A nation does not have to be cruel to be tough."
    -FDR

  10. #140
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 11:02 AM
    Gender
    Lean
    Very Conservative
    Posts
    76,475

    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by NAKED N00B View Post
    Let's say that a company has $1 million in taxable revenue. A 35% tax rate would have them paying $350,000. That's just another cost to them. That's a cost the same way that their employees' wages are a cost. The same way that materials are a cost. The same way that transportation of goods is a cost. It's all put into what they're going to have to pay. If they sell 1 million units a year, that's an extra 35 cents per unit that they will have to raise the price. If the corporate tax rate was 28%, the cost would be $280,000 and only 28 cents per unit. 10% = 100,000 = 10 cents per unit.

    Pretty simple. The lower the costs incurred through corporate taxes, the more freedom corporations have to lower their prices to make them more competitive. That's less money consumers are spending. This has two main benefits.

    First, it allows us to compete with other countries with lower corporate tax rates because it brings down our prices compared to theirs. Let's keep going with the example I've given. Ireland has a pretty low corporate tax rate. I think it's around 15%. So if other costs of production are equal, the corporate tax for the Irish corporation adds only 15 cents per unit while the US corporation incurs an extra 35 cents per unit. There are obviously going to be other costs. The cost to ship from Ireland would be much more. There are differences in wages and currency conversion, etc. But for this example we'll ignore that. Just with the corporate tax rate, Ireland beats us by 20 cents per unit, making their products that more attractive. If we lowered it, even to 20-25%, that's enough to compete more effectively with other countries.

    Secondly, it creates more demand for the product. Simple supply and demand going on here. If we make the cost for a corporation less and the price drops a similar amount, then demand will rise. It encourages the corporation to produce more. They hire more people. They make more money. They can invest more. There's a huge economic benefit.

    With the corporate tax rate, you're really just seeing the costs passed on to consumers through higher prices. If we lower the corporate tax rate we become more competitive and boost production with higher demand for cheaper products.
    No, it's not a, "cost", because the taxes aren't deductable. The income taxes aren't, that is; some taxes are deductable.
    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.

Page 14 of 18 FirstFirst ... 41213141516 ... 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
  •