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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 roughdraft274 View Post
    From what I understand, the money coming in to the federal government is supposed to be the exact same before and after, so the effective tax rate should be the same, though it will be less for those with less loopholes and more for those with more loopholes. I generally agree with the idea. Gigantic corporations should not be paying single digit tax rates, and in some cases, 0% taxes.
    It is similar to the inheritance tax problem. I am all for big taxes reduced by employment numbers. The more employees you hire, the lower the tax. No bonuses. Profit sharing to employees. Pension funds separate from management funds. Management dissonance must be recognized for its current selfish and corrupt implementation. The USA is people, not corporations, and should operate with that paradigm.

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    Re: Obama seeks 28 percent corp. tax rate

    Obama's beloved General Motors pays no taxes and gets a big fat bailout, while Ford takes no bailout money, actually makes a profit, and has to pay taxes on it.

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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by Erod View Post
    Obama's beloved General Motors pays no taxes and gets a big fat bailout, while Ford takes no bailout money, actually makes a profit, and has to pay taxes on it.
    correction: they pay no INCOME taxes. They pay lots of other taxes.

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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by Erod View Post
    Obama's beloved General Motors pays no taxes and gets a big fat bailout, while Ford takes no bailout money, actually makes a profit, and has to pay taxes on it.
    1. The original GM bailout occurred during a Republican administration. If you want to act like Obama just wanted to throw around money for no reason then that's fine, but you'd be wrong.

    2. GM is not getting special treatment. Companies are allowed to offset future taxes with past losses. GM went through a period where it was not profitable and according to our tax system, that means they don't pay taxes up to a certain amount for a period of time. This wasn't Obama signing an executive order giving them a tax coupon.

    If you want the laws changed to where losses can't be offset by future profits then that's fine, but to just turn it into a partisan issue is silly and gets us no where.
    Quote Originally Posted by TurtleDude View Post
    uh that is so small as to be stupid. Do you want registration? given less than 3% of criminals get their guns from private sales, its pretty much a waste of resources
    **Thirty Minutes Later**
    Quote Originally Posted by TurtleDude View Post
    you are confused. I never denied that many criminals get guns in private sales.

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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by Daktoria View Post
    No, it's not.

    This isn't going to do anything, except force corporations to pay more taxes. Small businesses will take an ass whipping with this plan.
    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 pbrauer View Post
    You bet it is, many corporations such as GE pay no taxes.
    That must mean that you want to see all those green energy tax breaks that GE soaks up every year ended. Yes?
    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 iliveonramen View Post
    It's actually tax increase for a majority of the largest corporations in the nation. Their average effective tax rate is lower than 28%. Virtually no one pays 35%.
    It's a tax increase for small businesses, too.
    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 StillBallin75 View Post
    A complete non-sequitur. Loopholes are loopholes, rates are rates. The best way to get rid of loopholes is to get rid of the loopholes. Lowering the rate has little to do with it.
    Are you talking about loopholes, or deductions? Do you know the difference? Let's get that straight before we go any farther.
    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 apdst View Post
    It's a tax increase for small businesses, too.
    missed that part. i only saw reference to the reduction in top tax rate with a corresponding elimination of deductions and subsidies. please point out the part which increases the taxes on small business
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by justabubba View Post
    missed that part. i only saw reference to the reduction in top tax rate with a corresponding elimination of deductions and subsidies. please point out the part which increases the taxes on small business
    I have a better idea: Please point out where it only eliminates tax deductions for the largest of corporations. Point out how big a corporation has to be, before their tax deductions are taken away from them. 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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