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Thread: Corporations Aren't People

  1. #211
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    Re: Corporations Aren't People

    Quote Originally Posted by Bob N View Post
    I found this opinion piece by Harold Meyerson to be spot on concerning corporations being brought in to the world of personhood.

    Is it alright for corporations to speak for their employees on all matters as a collective? I don't think so.

    Also consider this: Where does this corporations-are-people business start and stop? Note the excerpt from Meyerson's piece:

    Harold Meyerson makes one think about personhood, don't you think? What about wars? People are drafted and go to wars, why not include corporations? Corporations get to itemize a lot of things on their taxes more than the average Joe or Jane. Why do they get to be a special person with extraordinary fiscal relationships with the state?

    Yes, I think Scalia is looking to see how he is going to open this can of worms -- real carefully.
    There are different kinds of "person"s under the law. Corporations are not being treated as Natural Persons, they are being treated as Legal Persons because they are made of Natural Persons who's rights need protecting. You aren't protecting the corporations, you are protecting all the people composing the corporations.

    If you divorce corporations from "personhood" then you expose everyone's personal data as corporations will no longer be protected by the right to privacy.

    So **** all the fiscal crap your source is talking about.

  2. #212
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    Re: Corporations Aren't People

    Quote Originally Posted by AlabamaPaul View Post
    Are individuals not required to report income from all sources, both foreign and domestic?
    Yes, but the wealthy will get an incentive:

    "Yet despite Uncle Sam's aggressive campaign, some advisers are seeing new tax advantages—fully legal—in investments based offshore. That edge could grow if Congress cuts tax deductions for upper-income earners and the 3.8% tax on investment income takes effect in 2013 as scheduled.

    So if a taxable investor faces a choice between an offshore investment fund and an onshore version, "we find that many are better served by the offshore version," says Robert Gordon, chief executive of Twenty-First Securities in New York, an adviser to the wealthy." Tax Report: What's Next for Offshore Accounts? - WSJ.com

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    Re: Corporations Aren't People

    Quote Originally Posted by AlabamaPaul View Post
    Are individuals not required to report income from all sources, both foreign and domestic?
    Americans making their money overseas do not pay federal taxes on it, up to a certain amount (which is quite high). The only difference is that corporations, should they ever repatriate that money, immediately owe tax on it. Individuals don't. Form 2555 from the IRS.



    Seriously, I'm having a blast here. I hope it keeps up a while longer. I'm not quite ready to leave for the night.

  4. #214
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    Re: Corporations Aren't People

    Quote Originally Posted by AlabamaPaul View Post
    No, you evidently are not, or you would not have asked the question...
    It's clear you're playing games by dodging giving me an example. Fine whatever works for you.

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    Re: Corporations Aren't People

    Quote Originally Posted by Gipper View Post
    No, you don't doubt it because individuals pay a considerably lower tax rate than corporations.
    Are you referring to those who pay capital gains tax?

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    Re: Corporations Aren't People

    Quote Originally Posted by rabbitcaebannog View Post
    Are you referring to those who pay capital gains tax?
    They do too. But no, I'm not referring to hedge fund billionaires who can effectively pay 15% tax. The highest tax bracket of individual earned ordinary income is lower than the corporate tax rate - and they itemize just like corporations do. There are very few "loopholes" corporations can capitalize on that individuals cannot, were they to have similar gross income/revenue.

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    Re: Corporations Aren't People

    Quote Originally Posted by Gipper View Post
    They do too. But no, I'm not referring to hedge fund billionaires who can effectively pay 15% tax.
    Okay, because I was going to agree with you. As far as your other point, AMT taxes harm many middle income people so they really aren't making out like corporations or the wealthy at all.

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    Re: Corporations Aren't People

    Quote Originally Posted by AlabamaPaul View Post
    And I'll believe they are not one when they can no longer be taxed on income...
    and when individual, REAL people can get the tax exemptions and have access to their government like corporations are afforded, the world will be sunshine and bliss...


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    Re: Corporations Aren't People

    Quote Originally Posted by Lutherf View Post
    So the NLRB just came out and said it's OK for the UFCW to hand out $50 gift cards to anyone who protests Walmart. If the government is OK with allowing that to go on then shouldn't they also allow Walmart to spend money to present their side of the discussion?

    Labor Relations Board OKs unions paying people to protest Walmart | WashingtonExaminer.com
    That's a good point that even Corporations need representation and in an "ideal world" they wouldn't abuse their power and people wouldn't scrum for handouts. Somewhere in the middle is a reasonable solution but I still don't like these mega-corps or an ever sprawling bureaucracy.
    Einstein, "science without religion is lame, religion without science is blind."

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    Re: Corporations Aren't People

    Quote Originally Posted by grip View Post
    That's a good point that even Corporations need representation and in an "ideal world" they wouldn't abuse their power and people wouldn't scrum for handouts. Somewhere in the middle is a reasonable solution but I still don't like these mega-corps or an ever sprawling bureaucracy.
    I am wholly opposed to allowing an organized government decide that an organized public should be without say. Whether that public should choose to organize as a union, a committee or a corporation is immaterial when it comes to protecting the right to free speech.

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