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Thread: G.E.ís Strategies Let It Avoid Taxes Altogether

  1. #151
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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by Catawba View Post
    Cheaper than hiring cops and building prisons to keep hungry people from killing you for a loaf of bread. And we spend more on optional wars and military spending and the court systems to increase and protect the assets of the wealthy.
    I acknowledge that these may benefit the wealthy more, but they also benefit everyone else.

    You want me to feel sorry for those making more than $250,000 when one in seven Americans are poor????
    No, didn't want to imply that at all. I was simply pointing out that the "top bracket" that has received the tax cuts you loathe contains many who a part of the middle class, whom you are so vigorously saying is HURT by these policies.

    I've provided two sources to your none
    Your sources have yet to show me anything but the distribution of income. Based on your sources I can tell NOTHING about the standard of living of ANYONE.

    Here is a source, I am assuming you have MS Excel:

    http://www.census.gov/hhes/www/incom...H01AR_2009.xls

    Using US census data and according to my calcs the lowest 20% (the underclass) has had its income grow by $113 per year on average (real 2009 dollars) from 1980 to 2009.
    Last edited by drz-400; 03-30-11 at 08:34 PM.

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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by apdst View Post
    I have a good idea: how 'bout you point out the specific sections of your docs that tell about tax breaks for small businesses. Shouldn't be too hard, since you obviously already know where they are.
    "Some industries would benefit from the president's budget. Obama's proposal to immediately spend $50 billion on upgrading the nation's transportation infrastructure would result in more jobs for the hard-hit construction industry."

    "The renewable-energy industry would benefit from tax incentives and increased spending on federal research. The budget encourages innovation in general by calling for a permanent, more robust tax credit for research and development."

    "Plus, Obama proposed a permanent extension of a tax break that's designed to encourage investment in small businesses. Under this proposal, investors who buy stock in small corporations and hold it for five years would not have to pay capital gains taxes when they sell the stock."
    BRIEFS: Obama's 2012 budget mixed bag for businessobamas-2012-budget-mixed-bag-for-business



    No, I mean people who make 30 or 40 grand a year that get 4 figure refunds every year. That way, everybody pays their fair share. Ain't that what it's all about?
    A family of 4 that makes 30 grand is barely above poverty. Like I said you can't get blood from a turnip.


    Maybe they should get off their asses and go to work?
    They are working full-time. Perhaps we need to start paying wages that leave enough after survival expenses to pay more in taxes.

    A better idea would be for Obama to stop killing jobs with his hair brain policies.
    What policies would that be? The rate of unemployment is less now than it was before he took office.
    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

  3. #153
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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by drz-400 View Post
    I acknowledge that these may benefit the wealthy more, but they also benefit everyone else.
    Our social safety net programs benefit everyone by keeping our old folks and the sick from living in the streets, or in prisons



    No, didn't want to imply that at all. I was simply pointing out that the "top bracket" that has received the tax cuts you loathe contains many who a part of the middle class, whom you are so vigorously saying is HURT by these policies.
    If someone is making more than $250,000 a year, they are not hurting.



    Your sources have yet to show me anything but the distribution of income. Based on your sources I can tell NOTHING about the standard of living of ANYONE.

    Here is a source, I am assuming you have MS Excel:

    http://www.census.gov/hhes/www/incom...H01AR_2009.xls

    Using US census data and according to my calcs the lowest 20% (the underclass) has had its income grow by $113 per year on average (real 2009 dollars) from 1980 to 2009.
    Now compare that with cost of living increase since 1980 and you will see that the lowest 20% has declined in standard of living, while the upper classes have prospered.

    "In 2007, when the world was on the brink of financial crisis, U.S. income inequality hit its highest mark since 1928, just before the Great Depression."
    How American Income Inequality Hit Levels Not Seen Since The Depression
    Last edited by Catawba; 03-30-11 at 09:07 PM.
    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

  4. #154
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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by Catawba View Post
    "Some industries would benefit from the president's budget. Obama's proposal to immediately spend $50 billion on upgrading the nation's transportation infrastructure would result in more jobs for the hard-hit construction industry."
    Obama: "No Such Thing as Shovel-Ready Projects" - Political Hotsheet - CBS News

    "The renewable-energy industry would benefit from tax incentives and increased spending on federal research. The budget encourages innovation in general by calling for a permanent, more robust tax credit for research and development."
    "President Barack Obama, under pressure to respond to rising gas prices, proposed a basket of ideas for reducing U.S. dependence on oil...

    Mr. Obama didn't offer specifics on how he would pay for various new tax breaks and subsidies outlined in a speech at Georgetown University."

    Obama Outlines Energy Plan - WSJ.com

    If someone is making more than $250,000 a year, they are not hurting.
    you're in no position to judge

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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by Catawba View Post
    "Some industries would benefit from the president's budget. Obama's proposal to immediately spend $50 billion on upgrading the nation's transportation infrastructure would result in more jobs for the hard-hit construction industry."

    "The renewable-energy industry would benefit from tax incentives and increased spending on federal research. The budget encourages innovation in general by calling for a permanent, more robust tax credit for research and development."

    "Plus, Obama proposed a permanent extension of a tax break that's designed to encourage investment in small businesses. Under this proposal, investors who buy stock in small corporations and hold it for five years would not have to pay capital gains taxes when they sell the stock."
    BRIEFS: Obama's 2012 budget mixed bag for businessobamas-2012-budget-mixed-bag-for-business





    A family of 4 that makes 30 grand is barely above poverty. Like I said you can't get blood from a turnip.




    They are working full-time. Perhaps we need to start paying wages that leave enough after survival expenses to pay more in taxes.



    What policies would that be? The rate of unemployment is less now than it was before he took office.
    From your article:

    Many businesses, however, would see higher taxes. The president wants to raise $46 billion over the next 10 years by eliminating 12 tax breaks for oil, gas and coal companies. This would increase energy costs, said Dorothy Coleman, senior vice president of the National Association of Manufacturers. That's a problem for manufacturers, since they consume one-third of the nation's energy.
    Most small businesses don't pay corporate taxes; their profits flow through to their owners and are subject to individual income taxes. Wealthier small-business owners would face higher taxes under Obama's plan. The president wants to let income tax rates go up in 2013 for families that make $250,000 or more. Family-owned businesses could face higher estate taxes - the president said he thinks the 35 percent rate in effect for the next two years is too low.
    The president's plan also would partially revive a paperwork burden on small businesses created by health-care reform. That law requires businesses that pay $600 or more a year to any other business to file a 1099 report with the Internal Revenue Service beginning in 2012. That's a major expansion of current 1099 reporting requirements, which now apply only to payments to unincorporated service providers.
    So...um...where's the part about taxes being cut for small businesses? All I see in his plan, are more taxes and more overhead.

    Please, show me where the good parts are.

  6. #156
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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by Catawba View Post
    Our social safety net programs benefit everyone by keeping our old folks and the sick from living in the streets, or in prisons
    fair enough.




    If someone is making more than $250,000 a year, they are not hurting.
    Agreed, which is why I would say many who are in the upper MIDDLE CLASS are not being hurt by these tax policies.



    Now compare that with cost of living increase since 1980 and you will see that the lowest 20% has declined in standard of living, while the upper classes have prospered.

    "In 2007, when the world was on the brink of financial crisis, U.S. income inequality hit its highest mark since 1928, just before the Great Depression."
    How American Income Inequality Hit Levels Not Seen Since The Depression

    I used real 2009 dollars to adjust for cost of living. Plus, that does not account for the increased in standard of living brought about by new technologies, more efficient designs, etc. How many people 20 years ago had a flat screen tv, how many middle class (even poor) people do now? How many had a personal computer? How many cars were fuel injected? There is little doubt in my mind that life is much easier now than it was 20 or 30 years ago.

    As for inequality and financial crisis, yes there does appear to be a link. That would be another reason to oppose extreme inequality. However, that would not be because poor people are getting poorer and rich people are getting richer. Inequality does mean that one group is gaining or losing faster than another, but it does not imply that there necessarily has to be a loser. The rich could gain very quickly while the poor gained more slowly, thus raising everyone in the process.

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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by lpast View Post
    You can bet that the corporate interests will use this to push for the FAIR tax which is anything but fair...its all about reducing taxs for the rich
    that is fair-the rich pay too much
    most voters pay too little which is why they tolerate more and more government-they don't have to pay for it



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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by Simon W. Moon View Post
    Artificial persons should not be allowed to lobby our govt
    artificial persons shouldn't be taxed either



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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by Baralis View Post
    I have often heard from folk that we should raise taxes on the wealthy to help cover the deficet. I believe that before we go rasining taxes on those already heavily taxed that we should fix all the loopholes that many of the wealthy exploit to avoid paying their share.
    the rich pay more than their fair share. at least 47% are not paying their fair share

    fair share-divide the government expenses among each citizen-that is your fair share-if you pay more than you are paying more than your fair share-less, and you are not. wanna bet most rich people pay 10X more than their fair share while the poor and most of the middle class do not



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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by SheWolf View Post
    When Obama tried to let the Bush tax cuts expire, it was your party that fought against it like it was the end of the world....
    that would only encourage the majority to push for higher spending



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