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Thread: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

  1. #81
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    Re: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

    Quote Originally Posted by Moot View Post
    Other than mentioning Koch Industries was an S corporation that didn't pay taxes, can you be more specific and show where Obama was anymore specific than that?
    Well, if Obama said that Koch didn't pay taxes, he was either lieing his ass off, or he peeked into their confidential tax files. Which would it be, ya think?
    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: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

    Quote Originally Posted by obvious Child View Post
    But that does not equate to S-corps paying Federal Corporate Income tax. You apparently do not understand the difference between you and a legally separate entity. By your reasoning, municipal bonds are taxed because eventually the estate in which their accumulated interest is taxed.



    You just argued that C-Corps don't have to deal with payroll taxes.

    Note:

    Except that S-Corps and C-Corps and frankly any entity that employs people has to deal with payroll taxes. Choosing a S-Corp over a C-Corp does not change the fact that if you employ people, you have payroll taxes. Your argument is entirely faulty. And it suggests you are making **** up.



    I'm not the one who argued that C-corps don't have to deal with payroll taxes. You did. And you say I don't know how it applies in the real world. You can keep throwing out that line of reasoning, but demonstrating time and time again you don't understand the concepts and me explaining them to you doesn't suggest your insults are of any worth.



    Actually there's likely more that way. By engaging in related party loans, you have significantly more accounting to do as your reporting goes up as well as various other eliminations and imputed interest that has to be reported. Furthermore, you still have the same kind of self employment issues with S if you are a owner active partner. Try again apdst. And it's easy to do self employment compared to related party loans.



    Who ever told you that told you a boldface lie. You clearly do not understand the difference between the taxation differences between general partners and limited. Distributions to limited partners do not get accounted for as payroll. Therefore, not all of money distributed from an S-Corp is accounted for as payroll. You are wrong as usual. When will you learn to stop talking about this subject?

    Hence, again, what the hell are you talking about?



    See above. Your ignorance is almost as appalling as your arrogance. And it's amusing you say that after it took pages for you to realize that structure defines function and by getting the freely available structure registration info, one can determine a entity's tax function.



    *sigh* S-Corps do not pay Federal Corporate Income tax. I have stated this from the beginning. They do pay, if meeting the criteria, special S-Corp corporate taxes. S-Corp income flows through to individuals who pay it on their taxes. Therefore, as an a separate legal entity, S-corps do not pay Federal Corporate Income tax.

    Seriously, you realllllly need to stop talking about this subject.
    Where does the money go? That's right, it goes to the Federal government. You're ebarrassing yourself; stop!

    You've gone so far as to cause one of your compatriots to claim that Kock doesn't pay taxes, at all.
    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: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

    Quote Originally Posted by apdst View Post
    Well, if Obama said that Koch didn't pay taxes, he was either lieing his ass off, or he peeked into their confidential tax files. Which would it be, ya think?
    Correction:

    "So in this country we have partnerships, we have S corps, we have LLCs, we have a series of entities that do not pay corporate income tax. Some of which are really giant firms, you know Koch Industries is a multibillion dollar businesses."

    He did not say that they don't pay taxes. He said they don't pay "corporate income tax." There is a difference there. While it could be argued that an S-Corp paying passive activity tax is in fact an income tax, it is hardly the same as what is being implied.

    And S-Corps do not pay corporate income tax. See my previous post for the link to the relevant IRC. So Obama was neither lying nor commiting a crime. Basically you guys are arguing looking up avaliable information legally is a crime.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

    Quote Originally Posted by apdst View Post
    Where does the money go? That's right, it goes to the Federal government. You're ebarrassing yourself; stop!
    Says the guy who argued I don't understand how it works but then demonstrates appalling large amounts of ignorance of the topic.

    You've gone so far as to cause one of your compatriots to claim that Kock doesn't pay taxes, at all.
    Moot is inaccurate as to what taxes are being discussed. You however, are wrong on just about everything aside from S-Corp income being reported on 1040s. Furthermore, Moot's failure to pay attention to the terms in question is not my fault. I have made it perfect clear just which type of tax I discussed. At no point have I ever used the term "tax" as a general term in this thread.
    Last edited by obvious Child; 10-10-10 at 10:38 PM.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

    Quote Originally Posted by obvious Child View Post
    Correction:

    "So in this country we have partnerships, we have S corps, we have LLCs, we have a series of entities that do not pay corporate income tax. Some of which are really giant firms, you know Koch Industries is a multibillion dollar businesses."

    He did not say that they don't pay taxes. He said they don't pay "corporate income tax." There is a difference there. While it could be argued that an S-Corp paying passive activity tax is in fact an income tax, it is hardly the same as what is being implied.

    And S-Corps do not pay corporate income tax. See my previous post for the link to the relevant IRC. So Obama was neither lying nor commiting a crime. Basically you guys are arguing looking up avaliable information legally is a crime.
    Why do you keep insisting that I said anything about corporate income tax? You're the only one talking about corporate income taxes. No one else has even mentioned it. You do understand the difference between corporate taxes and individual taxes. Yes? Surely, you read that in your textbook at some point.
    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: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

    Quote Originally Posted by obvious Child View Post
    I'm laughing louder after your post.
    Question... have you ever filed for tax status in a state??

    Have you ever filed corporate taxes with the IRS and states ???

    Have you ever filed payroll taxes with the IRS and states ???

    Never mind, I already know the answer based on your replies.

    Do you REALLY think there is a difference in the taxes paid by an S-Corp and a C-Corp ??? The only difference in the corporate taxes paid is in semantics.

    You've made yourself look really silly and your lack of knowledge is appalling.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

    Quote Originally Posted by apdst View Post
    Why do you keep insisting that I said anything about corporate income tax?
    Because you did.

    http://www.debatepolitics.com/breaki...post1059032213

    You're the only one talking about corporate income taxes.
    Well, if you're not counting Obama sure. But then again, he was the original point of the thread.

    No one else has even mentioned it.
    Clearly you have not read the thread at all.

    You do understand the difference between corporate taxes and individual taxes. Yes? Surely, you read that in your textbook at some point.
    Check above. You're the one demonstrating a clear lack of any understanding of the subject.

    You failed to realize the reason why your payroll is so low is because you're effectively a PHC. That has nothing to do with being an S vs a C in terms of payroll taxes. And you think YOU can talk to ME about taxes. What a joke.

    Did you notice you claimed that "no one" except me was talking about Corporate Income taxes when the post you quoted has a direct quote of Obama talking about corporate income taxes? Gotta saw WOW.

    I honestly feel a little bad. It's like shooting fish in a barrel with you two.
    Last edited by obvious Child; 10-12-10 at 02:40 AM.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

    Quote Originally Posted by apdst View Post
    Well, if Obama said that Koch didn't pay taxes, he was either lieing his ass off, or he peeked into their confidential tax files. Which would it be, ya think?
    Frankly, I don't think he had to do "either", or "or". But obviously you do.

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    Re: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

    Quote Originally Posted by Gill View Post
    Question... have you ever filed for tax status in a state??
    Yup. And tried to avoid filing for one. Nexus is a bitch. (Hint: here's a sign I know more then you)

    Have you ever filed corporate taxes with the IRS and states ???
    Yup. Did plenty of them. One good way of reducing your taxes is to have your parents gift you shares of a passive money losing interest and net it with passive investments. Cost you nothing really.

    Have you ever filed payroll taxes with the IRS and states ???
    Yup.

    Never mind, I already know the answer based on your replies.
    Of course. I know and have done everything. You on the other hand....

    Do you REALLY think there is a difference in the taxes paid by an S-Corp and a C-Corp?
    Absolutely.

    Let's do this real basic for people like you.

    C-Corps are taxed on their base income at some rate dependent upon their position in a consolidate parent return and what level of income they generated (hint: this is a sign I know far more then you do) Then they distribute income via dividends. Which are taxed right now at 15% on individuals. If the dividends were distributed by another corporation not owned by the original C, 30% of them are taxed on income. So there is potentially infinite layers of taxation on C-Corp income when you account for the lack of 100% Dividends Received Deduction.

    An S-Corp does not have this. Income it generates is generally pass through to the individual and taxed once. While there are a host of special S-corp taxes, generally the maximum number of taxation levels on a S-Corp income is two. Otherwise, it's generally one. C-Corps have minimum 2 layers.

    So you just argued that there is no difference between infinite layers of taxation and one. And you have the gall to say I have a lack of knowledge.

    I find it hilarious you still don't understand that structure defines function. I do see you now have shutup about the filings.

    Futhermore, Corporation PHC tax is lower then S-Corp passive income tax.

    The only difference in the corporate taxes paid is in semantics.
    Hey kids, are 500 layers of taxation the same as 1? Hey Gill, you outta call up the math people to tell them that 500 = 1. Or frankly any whole number = 1.

    You've made yourself look really silly and your lack of knowledge is appalling.
    See above. I'm the one laughing. At you. Infinite = 1 according to you. Your definition of silly clearly does not match that of the dictionary.

    Keep trying. Maybe you'll get something right here. I'm still waiting for you to address pots #66. You can always tell who is who has no skill by how much they ignore in post.

    Let's see.

    Apdst, Zimmer and Gill have all failed repetitively to cite a single piece of private information Obama allegedly revealed.
    Last edited by obvious Child; 10-12-10 at 02:48 AM.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

    Quote Originally Posted by Moot View Post
    Frankly, I don't think he had to do "either", or "or". But obviously you do.
    We're not going to see them prove their claim that Obama said something private. Because he didn't. And they know it. The problem is that Zimmer, Adpst and Gill are too entrenched in their positions to actually admit they are wrong. See how they keep arguing that S and C corp taxes are the same? Crazy. Utterly crazy. If that was the case, no one would elect to be an S-corp if the taxes were the same. And there would not be lawsuits over termination of S status. But there are. I get notices daily about S-corp shareholders winning cases about wrongful termination. This behavior is what we see when people care more about their "face" then the truth.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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