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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 apdst View Post
    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.

    well, we know it was a reduction in the tax rate
    which was to be combined with elimination of deductions and subsidies
    and the result was expected to be revenue neutral
    so, explain again how this imposes a tax increase on small business

    i know you can't
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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by justabubba View Post
    well, we know it was a reduction in the tax rate
    which was to be combined with elimination of deductions and subsidies
    and the result was expected to be revenue neutral
    so, explain again how this imposes a tax increase on small business

    i know you can't
    Again...show us how large a corporation has to be to lose their deductions.

    BTW...deductions and subsidies are two different animals. Subsidies have nothing to do with taxes.

    I guess you think we should just take Obama's word that this is a good idea and run with it.
    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 Justice For All View Post
    So Obama the ultimate crusader against tax cuts now wants to give bigger tax cuts than George W Bush. What a hypocrite, congrats Obama it looked like you were actually going to win this November but who knows now and honestly who cares with a two face canidate like yourself. You can count me out of this election there's no one to vote for between the flip floppers of Obama and Romney to the whackos of the right like Santorum and Gingrich. Even Ron Paul's homeland policies are whack in my opinion. Garbage in Garbage out.

    Good luck America your going to need it.
    This is exactly what JFK proposed and LBJ implemented after his assassination. It brought in more revenue to the government.


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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by apdst View Post
    Again...show us how large a corporation has to be to lose their deductions.

    BTW...deductions and subsidies are two different animals. Subsidies have nothing to do with taxes.

    I guess you think we should just take Obama's word that this is a good idea and run with it.
    you were the one who insisted that was going to be a tax INCREASE for SMALL business

    challenged you to explain how that was going to be the result

    and again, you failed
    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
    you were the one who insisted that was going to be a tax INCREASE for SMALL business

    challenged you to explain how that was going to be the result

    and again, you failed
    And, it's up to you to use the details of the plan to prove me wrong.
    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

    It doesn't matter what they put in place for a tax % on corporations. It really doesn't. Corporations and their lobbyists are going to influence everything and find (and in many cases create) new loopholes, exploit old ones, make deductions ect ect ect. Set it at 98% who gives a crap. I will care about the corporate tax rates when corporations are actually expected to pay it.

    This is purely political. Obama is putting a number out there to make people feel good. And a ton of poeple are going to buy into it and think it makes a difference. But set it at 28% or 35% or 42%. These large corporations are going to be paying less than 10%. This move changes nothing other than it will get Obama a few more votes. And in the end, like every politician, its not about what is best for America. It is not about improving our country. Its only about making people think you did something so you can harvest their vote and stay in office.

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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by apdst 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.
    There aren't enough details to determine that. Your accusations are just more fear mongering by conservatives.

    Those details were left out on purpose to let Congress work some of them out. This just points a direction, which specific mountain pass or valley gets traveled will be something decided in the future. No doubt business will gets it's say in those discussions as well. Obama is not now and never has been out to ax small business. If anything he's been trying to help them.
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
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    Re: Obama seeks 28 percent corp. tax rate

    Quote Originally Posted by apdst View Post
    And, it's up to you to use the details of the plan to prove me wrong.
    YOU are the one who insisted the plan will result in a tax INCREASE for small business
    you were challenged to show why such a bold statement could be made, recognizing the tax rates for those businesses were being reduced
    and now you want me to prove what you were unable to prove - is wrong
    next you will expect me to divide by zero
    you whiffed - as usual
    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

    Corps should have no tax at all because the reality is they just figure in taxes as part of the cost to produce their goods or service and tack it onto the price we pay for it so in reality a corp tax just taxes the consumer.

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    Re: Obama seeks 28 percent corp. tax rate

    a 0% corporate tax rate would be better

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