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Thread: Obama seeks 28 percent corp. tax rate

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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by j-mac View Post
    I take issue slightly with the bolded portion here. If you really believe that business doesn't pass along increases in taxation to the consumer to protect their bottom line for the shareholders they must answer to, then you are fooling yourself.

    So, my contention is that increases in rates toward corporations, whether they are derived out of class envy, or governmental greed and control, ultimately hurt the people.

    j-mac
    In addition to what Hare pointed out, you could also check out what I originally posted in this thread.


    Quote Originally Posted by NAKED N00B View Post
    To be honest, I really don't see why we have a corporate tax rate.

    Corporations don't pay taxes. They're charged a fee by the government which they pass on to consumers through the price tag. All corporate taxes do is raise prices, make us less competitive abroad, and decrease demand. They hurt the consumer, they hurt the worker, and they hurt the business. I would much rather the corporate tax rate be dropped altogether and have revenue made up through some other, more visible, form of taxes.

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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by NAKED N00B View Post
    Yeah, but it's more a product of them being in the Eurozone and their financial bubble bursting a couple years back.


    So in order for something to be a cost, it must be tax deductible?

    You've just confirmed you live in a mental institution because no one living on their own and budgeting their lives could possibly believe such a stupid thing.

    Corporate taxes are something corporations have to pay. It eats into their bottom line. If profits are to be maintained, they must increase revenue. That means rising prices. It's painfully simple, and I think you'd agree with me if you weren't conditioned to oppose everything uttered by a liberal.
    The part you're missing, is that with the increase of taxable income comes the increase of the tax bill. That works with sales taxes, but not with income taxes. You can insult me all you want and that's not going to change.
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    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by NAKED N00B View Post
    In addition to what Hare pointed out, you could also check out what I originally posted in this thread.

    Ok, Thanks for reposting that..If I could ask, what other more visible form of taxation would you consider that wouldn't be passed along?


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

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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by apdst View Post
    The part you're missing, is that with the increase of taxable income comes the increase of the tax bill. That works with sales taxes, but not with income taxes. You can insult me all you want and that's not going to change.
    In my short time here, you're the one name which has stuck out with the unenviable ability to string words together without saying anything. You're not saying anything of worth.

    Do corporations pay taxes? Are the costs of those taxes passed on to consumers? Those two answers are obvious yesses. I'm not sure where your disagreement comes in.

    Quote Originally Posted by j-mac View Post
    Ok, Thanks for reposting that..If I could ask, what other more visible form of taxation would you consider that wouldn't be passed along?


    j-mac
    I wouldn't be opposed to a national sales tax. Taxing consumption makes more sense to me anyways.

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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by NAKED N00B View Post
    I wouldn't be opposed to a national sales tax. Taxing consumption makes more sense to me anyways.

    Would that be in place of current taxation, or in addition to?


    j-mac
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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by j-mac View Post
    Well good. It's a start. But I'd have to see more from you aside of the tongue in cheek snarky small response designed to mock in order to believe a word you say.


    j-mac
    If you've been paying attention then you have seen much more. Issue No. 1 for me is campaign finance, which is intimately tied to all of these ridiculous loopholes that lard up our tax code. How do they come into existence, one might ask? They come into existence as a result of targeted lobbying campaigns, which are effective because they are backed by campaign contributions. Take away this distortion and it will instantly become easier simplify the tax code.

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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by AdamT View Post
    If you've been paying attention then you have seen much more. Issue No. 1 for me is campaign finance, which is intimately tied to all of these ridiculous loopholes that lard up our tax code. How do they come into existence, one might ask? They come into existence as a result of targeted lobbying campaigns, which are effective because they are backed by campaign contributions. Take away this distortion and it will instantly become easier simplify the tax code.

    So you don't believe in the right to petition the government for redress of grievance?


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

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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by j-mac View Post
    So you don't believe in the right to petition the government for redress of grievance?


    j-mac
    I'm 100% for the right to petition the government. But I'm 100% against right to bribe public officials with campaign contributions. See the difference?

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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by NAKED N00B View Post
    In addition to what Hare pointed out, you could also check out what I originally posted in this thread.
    The difference is that the cost is evenly distributed with a corprate tax rate than it would be with an increase in personal income taxes, which would be required if we got rid of corprate taxes. Also, busniesses don't always pass down the tax to their cusomters. Most actually eat a profit loss because. This makes sense because if two people are selling the same product and one charages less because they eat the tax themselves and the other charges more to keep the same profit margin then the cheaper product producer will win. And before you talk about passing the cost down to workers, you should know that the same rule applies. The better worker will work for the company who pays more.
    Hayek - too liberal for republicans

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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by AdamT View Post
    I'm 100% for the right to petition the government. But I'm 100% against right to bribe public officials with campaign contributions. See the difference?

    Bribery is already illegal. Ask Agnew. If you can prove quid pro quo, then bring a case and prove it. Otherwise you are just making a specious argument.

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

    Alexis de Tocqueville

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