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


    j-mac
    Completely in place of. I don't think it's a real political reality because opponents would inevitably portray it as giving corporations a huge tax break while the average American picks up the tab. But I think it would better overall.

    Quote Originally Posted by xpiher View Post
    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.
    Completely false. Two costs imposed on two similar businesses will result in similar price increases. Why do Coke and Pepsi operate at large profits? Your faith in the ability of the free market to drive down prices shows the impracticality of a lot of free market worshipers. Coke and Pepsi are about as interchangeable as anything. In your situation, they would try to undercut each other to the point where their profits were minute. That doesn't happen.

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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by NAKED N00B View Post
    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.


    I wouldn't be opposed to a national sales tax. Taxing consumption makes more sense to me anyways.
    Because corporate income taxes aren't passed to on to the consumer. It's idiotic to insist that it does.

    If you believe so much that you're right, please point out the accounting formula used to do so. Thanks in advance.
    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.

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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by NAKED N00B View Post
    Completely in place of. I don't think it's a real political reality because opponents would inevitably portray it as giving corporations a huge tax break while the average American picks up the tab. But I think it would better overall.



    Completely false. Two costs imposed on two similar businesses will result in similar price increases. Why do Coke and Pepsi operate at large profits? Your faith in the ability of the free market to drive down prices shows the impracticality of a lot of free market worshipers. Coke and Pepsi are about as interchangeable as anything. In your situation, they would try to undercut each other to the point where their profits were minute. That doesn't happen.
    Because of their volume.
    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.

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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by NAKED N00B View Post
    Completely in place of. I don't think it's a real political reality because opponents would inevitably portray it as giving corporations a huge tax break while the average American picks up the tab. But I think it would better overall.
    I can agree with you here.

    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 Daktoria View Post
    No. They still won't pay taxes. That's why the big 5 exist.

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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by NAKED N00B View Post
    Completely false. Two costs imposed on two similar businesses will result in similar price increases. Why do Coke and Pepsi operate at large profits? Your faith in the ability of the free market to drive down prices shows the impracticality of a lot of free market worshipers. Coke and Pepsi are about as interchangeable as anything. In your situation, they would try to undercut each other to the point where their profits were minute. That doesn't happen.
    Coke and Pepsi do drive down the cost to the point of profits being miute, that is the profits from a single unit or good. Happens all the time with sales. But undercutting cannot drop prices below the cost to make the product. Besides, voulme is why Coke and Pepsi making all their money, not individual unit sales. Volume is also why passing the cost of a tax increase to customers isn't felt as readily as an increase in income taxes. IMO, if we could replace income tax with some form of sales or completely a corprate tax that would be a lot better.
    Hayek - too liberal for republicans

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    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.
    Quote Originally Posted by apdst View Post
    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.
    My source was "Corporate Taxpayers & Corporate Tax Dodgers 2008-10" - a Joint Project of Citizens for Tax Justice & the Institute on Taxation and Economic Policy.

    Citizens for Tax Justice
    - a nonpartisan research and advocacy group
    - advocates for tax fairness—at the federal, state and local levels
    - ranked at the top of the Washington Monthly’s list of America’s “best public interest groups.”
    - " “helped to raise public ire against corporate tax evaders.” (The Washington Post)
    - “helped propel the taxoverhaul effort,” (The Wall Street Journal)
    - “assured that something would be done . . . to make profitable companies pay their share.” ( Associated Press)

    ..... today corporate tax loopholes are so out of control that most Americans can rightfully
    complain, “I pay more federal income taxes than General Electric, Boeing, DuPont, Wells
    Fargo, Verizon, etc., etc., all put together.” That’s an unacceptable situation.


    http://www.ctj.org/corporatetaxdodge...gersReport.pdf
    Rather than summarily dismissing my source as "propaganda" and "rediculous" (with an "e"), perhaps "apdst" would do us the honor of providing his source!
    Last edited by jgarden47; 02-27-12 at 03:52 PM.

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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by jgarden47 View Post
    My source was "Corporate Taxpayers & Corporate Tax Dodgers 2008-10" - a Joint Project of Citizens for Tax Justice & the Institute on Taxation and Economic Policy.

    Citizens for Tax Justice
    - a nonpartisan research and advocacy group
    - advocates for tax fairness—at the federal, state and local levels
    - ranked at the top of the Washington Monthly’s list of America’s “best public interest groups.”
    - " “helped to raise public ire against corporate tax evaders.” (The Washington Post)
    - “helped propel the taxoverhaul effort,” (The Wall Street Journal)
    - “assured that something would be done . . . to make profitable companies pay their share.” ( Associated Press)


    Rather than summarily dismissing my source as "propaganda" and "rediculous" (with an "e"), perhaps "apdst" would do us the honor of providing his source!
    More propaganda? That's your source? Really?

    What part of, "you can't report a profit and not pay taxes on that profit", don't you understand? My source is plain ol' commom sense.
    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. #169
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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by apdst View Post
    More propaganda? That's your source? Really?

    What part of, "you can't report a profit and not pay taxes on that profit", don't you understand? My source is plain ol' commom sense.
    apdst, i think it's pretty clear your definition of facts is not the same as most people.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by liblady View Post
    apdst, i think it's pretty clear your definition of facts is not the same as most people.
    I already know that. My definition is the actual definition. Others are floating around in a fantasy world. Especially if they think that corporations can report a profit and not pay taxes on that profit.

    http://dailycaller.com/2012/01/30/ge...-income-taxes/
    Last edited by apdst; 02-27-12 at 04:16 PM.
    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.

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