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Thread: G.E.’s Strategies Let It Avoid Taxes Altogether

  1. #121
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    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    I think this is where some of that 47% comes from...
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    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by Catawba View Post
    It would only seem that way to those who foolishly believe that all rich people that gets tax cuts have been creating jobs. We have 30 years of experience to demonstrate that is not so.




    The unfunded tax cuts increase our debt the same as any other spending, and it is not realistic that we can address our debt unless we address all unnecessary spending including the unfunded tax cuts to the rich.
    Umm.. May I ask what an "unfunded tax cut", is?


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  3. #123
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    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    i think it's the opposite of a funded tax cut

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    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by PeteEU View Post
    http://www.nytimes.com/2011/03/25/bu...x.html?_r=1&hp



    And people why the US is going down the hole with a tax system that actually PAYS its biggest corporation 3.2 billion dollars a year despite having 14.2 billion in profits.



    GE can thanks its good friend Obama...
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  5. #125
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    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    don't forget CHARLIE

  6. #126
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    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by Hicup View Post
    Umm.. May I ask what an "unfunded tax cut", is?


    Tim-
    An unfunded tax cut is one where there is no funding mechanism to offset the decrease in revenues to our budget. The Reaganomics (trickle down) theory was that the tax cuts given to the wealthy would result in more jobs and increased revenue. We have 30 years experience now to show that it doesn't work. It has only created short term bubbles followed by recession and skyrocketing debt.
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  7. #127
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    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by whysoserious View Post
    It's quite amazing, isn't it? While they attack teachers for making $50k and having good benefits, they'll graze over this like it didn't happen.
    Maybe you aren't getting it. Government is the institution that is doing this. Libertarians do not gloss over their perceived need to drastically reduce the size/scope of government, and to absolutely get it out of the business of corporate welfare. And conservatives on this forum *routinely* debate against government redistribution of wealth. To suggest otherwise is a lie.
    Liberals on the other hand routinely support significant government direct involvement in the economy (health care, retirement, etc.).

    This is a situation most in-line with liberal debate on these forums. It's most opposed by libertarian, and slightly less so, conservatives.

    Now, *why* do governments, both liberal and conservative majority, sometimes support such corporate welfare? They do it to keep them in their state, to get *MORE TAX REVENUE* to pay their budgets (including teachers). This is business as usual. The only way to stop it, is top limit government power to do this. Hmm, who do we sound like now? Limit government power? Hot damn those libertarians got it right?

  8. #128
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    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by Catawba View Post
    An unfunded tax cut is one where there is no funding mechanism to offset the decrease in revenues to our budget. The Reaganomics (trickle down) theory was that the tax cuts given to the wealthy would result in more jobs and increased revenue. We have 30 years experience now to show that it doesn't work. It has only created short term bubbles followed by recession and skyrocketing debt.
    So then, a funded tax cut would be one that is accompanied by a spending cut? Give out 400 billion in tax cuts, we must cut spending by at least this much, correct? Conversely, an unfunded tax cut, is a tax cut without a reduction in spending? Seems like a plausible economic mechanism, however, how do you deal with an unfunded tax increase if you're a government? What would that look like?

    Tax cuts, and tax increases effect whom, and why? The whom, is always at the center in economic discussions, the effects of tax increases, and tax cuts, also take center stage.

    Are you a shopper? Do you ever buy anything that isn't on-sale? Why do you suppose that almost always, something is on-sale, and if it's not on-sale, what do you suppose is the common behavior of retail shoppers, and why isn't it on-sale?? In some way, if not precisely, Reagan's policy regarding tax cuts resembled this consumerist, axiomatic philosophy. The ONLY time this logic is not true is when there is a limited supply, and demand is high. How would you apply supply and demand if you were to compare it next to how our system of government works?


    Tim-
    “When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” - P. J. O’Rourke
    “Socialism is great until you run out of someone elses money” Margaret Thatcher

  9. #129
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    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by Hicup View Post
    So then, a funded tax cut would be one that is accompanied by a spending cut? Give out 400 billion in tax cuts, we must cut spending by at least this much, correct?
    Or, another revenue source failing spending cuts which neither party has done.

    Conversely, an unfunded tax cut, is a tax cut without a reduction in spending?
    Or, another revenue source failing spending cuts which neither party has done.

    Seems like a plausible economic mechanism, however, how do you deal with an unfunded tax increase if you're a government? What would that look like?
    You mean when the wealthy get tax cuts so more of the debt burden is shifted to the middle class? It looks like what we have seen happening over the last 30 years since our progressive tax system was slashed.

    Tax cuts, and tax increases effect whom, and why?
    They affect us and the effective operation of our representative government.

    The whom, is always at the center in economic discussions, the effects of tax increases, and tax cuts, also take center stage.
    Exactly, the class war against the middle class was begun in 1981
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  10. #130
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    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by Catawba View Post
    Or, another revenue source failing spending cuts which neither party has done.
    What source is that?

    j-mac
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