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Thread: Ap survey: Us income gap is holding back economy

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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by TheDemSocialist View Post
    Infact yes it is proven by the BLS statistics.


    "The CPI inflation calculator uses the average Consumer Price Index for a given calendar year. This data represents changes in prices of all goods and services purchased for consumption by urban households. This index value has been calculated every year since 1913. For the current year, the latest monthly index value is used."
    Thank you . Can I assume that your non-answer is an implicit admission that you were incorrect to suggest that the minimum wage can be used as an indicator for broad income quintiles?

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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by TheDemSocialist View Post
    Because a little thing called state sovereignty.
    Corporations infact do not pay the set corporate tax rate we have in this country and with more trade deals that are being worked out they wont have to pay the tax rate in other countries as well.

    In fact yes i do. Because of a thing called sovereignty. And i also think those people working in China should be paid more as well and i think US companies that use that labor should be charged with human rights violations.
    How in the world does state sovereignty mean that you should be paid more for working just as hard because you are wonderful, special, you?

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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by TurtleDude View Post
    opinion noted and rejected based upon economic reality. good luck with that silliness.
    Only part of that was an opinion...
    The rest was Not an opinion
    GAO: U.S. corporations pay average effective tax rate of 12.6% - Jul. 1, 2013
    --they are supposed to pay 35%




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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by TheDemSocialist View Post
    Only part of that was an opinion...
    The rest was Not an opinion
    GAO: U.S. corporations pay average effective tax rate of 12.6% - Jul. 1, 2013
    --they are supposed to pay 35%


    that raises two questions

    if they are supposed to pay 35% why should stockholders pay 15% or more on dividends

    and if a corporation can legally pay 12% what is wrong with that

    the 35% is set by law and if by that law they can pay less there is no issue



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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by TurtleDude View Post

    if they are supposed to pay 35% why should stockholders pay 15% or more on dividends

    Because it is a transfer of money yanno just like when some who pays income tax FICA tax and what not then pays sales tax on that same money when they purchase something.

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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by winston53660 View Post
    Because it is a transfer of money yanno just like when some who pays income tax FICA tax and what not then pays sales tax on that same money when they purchase something.
    that's a stupid analogy. different taxing authorities and transfers for value. why should the government get two cuts at the same money that is owned by the shareholders all along? (other than people who don't get stock dividends are envious of those who do and support taxation vandalism?)



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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by TheDemSocialist View Post
    Only part of that was an opinion...
    The rest was Not an opinion
    GAO: U.S. corporations pay average effective tax rate of 12.6% - Jul. 1, 2013
    --they are supposed to pay 35%
    No they aren't, they are supposed to pay what they are legally required to pay.

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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by winston53660 View Post
    Because it is a transfer of money yanno just like when some who pays income tax FICA tax and what not then pays sales tax on that same money when they purchase something.
    Actually TD is right on this one - since shareholders own a company and its' assets, the existence of both corporate and dividend taxes does mark a form of double-taxation.

    It'd be like if you paid income tax when your money hit your bank account, and then again when you drew it out. Same money. Getting taxed twice.

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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by TurtleDude View Post
    that's a stupid analogy. different taxing authorities and transfers for value. why should the government get two cuts at the same money that is owned by the shareholders all along? (other than people who don't get stock dividends are envious of those who do and support taxation vandalism?)
    Oh hogwash TD. The money is taxed when the individual gets it and it is taxed again when the individual spends it.

    And screw your envious crap that is just a cop out on your part

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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by cpwill View Post
    No they aren't, they are supposed to pay what they are legally required to pay.
    its amazing how many socialists think that there is some sort of holy writ that corporations should pay 35% and the rich 40% and when you point out that the same law allows them to pay less they seem to think that is some affront to the heavens.

    the bottom line is that socialists want the government to always have more money that is earned by OTHER people



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