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Major profitable corporations are paying negative income taxes.

Thunder said:
I don't want to tax anyone out of business. Please stop lying about my beliefs.
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You want to set tax rates based on gross profit vice net profit. That won't work, so you must be trying to tax businesses out of business.
 
apdst said:
You want to set tax rates based on gross profit vice net profit. That won't work, so you must be trying to tax businesses out of business.
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no, I want corporations & businesses to have the same tax-rates as persons making the same income.
 
Thunder said:
no, I want corporations & businesses to have the same tax-rates as persons making the same income.
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If you did that, you would lower corporate tax rates. You gotta make up your mind, seriously.

Personally, I want to qualify for the earned income credit, unemployment and food stamps. Corporations are people, right?
 
apdst said:
No, it's not. Corporations--just. like. individuals.--pay taxes on their net income, at whatever tax bracket that lands in, as it should be.
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Thunder said BEFORE deductions, so not sure what your disagreement is.
 
washunut said:
Thunder said BEFORE deductions, so not sure what your disagreement is.
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I've already expressed my disagreement. If you owned a small business and you only profitted $40,000, do you think you're going to have $14,000 just laying around to pay to the IRS?

Then, after Uncle Sam pulls your eyeballs out, you won't have any operating capital for the rest of the year. Better hope your debt burden is zero.
 
apdst said:
I've already expressed my disagreement. If you owned a small business and you only profitted $40,000, do you think you're going to have $14,000 just laying around to pay to the IRS?

Then, after Uncle Sam pulls your eyeballs out, you won't have any operating capital for the rest of the year. Better hope your debt burden is zero.
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If a corporation has a net profit of $40K as you mentioned doesn't it have to pay 35% of that? Did not know there was a graduated rate for corporations.
 
washunut said:
If a corporation has a net profit of $40K as you mentioned doesn't it have to pay 35% of that? Did not know there was a graduated rate for corporations.
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No! It doesn't! A corporation that nets 40 g's pays 15%.

Oh and while you're trying to tax corporations a whole 35%, don't forget the state taxes they also have to pay.

I know it may come as a surprise, but for a business to operate, it needs to actually keep some of it's money.
 
apdst said:
No! It doesn't! A corporation that nets 40 g's pays 15%.

Oh and while you're trying to tax corporations a whole 35%, don't forget the state taxes they also have to pay.

I know it may come as a surprise, but for a business to operate, it needs to actually keep some of it's money.
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I don't want to raise the rate just did not know about the lower 15% bracket thanks for letting me know.
 
washunut said:
I don't want to raise the rate just did not know about the lower 15% bracket thanks for letting me know.
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A lot of folks get hyped up about the corporate tax code and don't have a clue what's in it.

Just like all the hype about corporations not paying, "any", income taxes. They make estimated payments throughout the year and it appears that they didn't pay any taxes, because those payments aren't reflected on that years actual tax bill.

And, probably the biggest misconception, is that corporations get money back. The only way for a corporation to get money back, is to pay more taxes than they owe. I got a check for $1,900 a couple of months ago, because I overpaid my payroll taxes.
 
Tigger said:
The first way to deal with this problem is the same for corporations and the general public.... STOP THE GOVERNMENT FROM SPENDING MONEY ON UNCONSTITUTIONAL PROGRAMS..... like Welfare (corporate or personal), Medicare, HUD, Education, Environment, etc.....
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Asking the government to make necessary cuts is like asking a crack whore to quit smoking crack. It will go in one ear and out the other while at the same time they are telling you what they think you want to hear.
 
MaggieD said:
Exactly. Corporations to blame? No. Blame Congress if you don't like corporate welfare. Amazing people need to be continually reminded of this.
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The truth is people do need to be reminded of this constantly.Voters have short term memory and attention spans.Some people are just too busy to pay attention 24/7 to what our elected officials do. No independent group is going to run ads before primary and general elections questioning why the politicians enacted or voted for certain laws or refused to vote for certain laws that allow these loopholes and other things.
 
yeayea this all sounds too familiar with how the Americans call that capitalism which is in essence diverting more money to the rich and leaving the poor to fend for themselves.
 
We live in an era of corporate socialism. :shrug:

I don't really know what else to say, it's sort of all been said. Our politicians are not really listening and people are slow to act. It's starting to happen though, OWS is proof of that. The situation will just continue to deteriorate until more people get involved in the activism - probably because more people will be affected - and then... well, I just hope it doesn't turn violent, but it looks like it probably will.
 
Temporal said:
We live in an era of corporate socialism. :shrug:

I don't really know what else to say, it's sort of all been said. Our politicians are not really listening and people are slow to act. It's starting to happen though, OWS is proof of that. The situation will just continue to deteriorate until more people get involved in the activism - probably because more people will be affected - and then... well, I just hope it doesn't turn violent, but it looks like it probably will.
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Average Joe isn't saying any of the things that the occu-tards are preaching. I certainly don't want my tax dollars to be used for even more Leftist bailouts and bull****.

Am I the only one that finds just a little messed up that the occu-tards are bitching about bailing out the banks in one breath and in the very next breath they're calling for the government forgive all their student loans?

All I have to say to that, is: Not with my goddamn money!!
 
apdst said:
Average Joe isn't saying any of the things that the occu-tards are preaching. I certainly don't want my tax dollars to be used for even more Leftist bailouts and bull****.

Am I the only one that finds just a little messed up that the occu-tards are bitching about bailing out the banks in one breath and in the very next breath they're calling for the government forgive all their student loans?

All I have to say to that, is: Not with my goddamn money!!
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Actually the "ocu-tards" seem to be against the gov money going to corporations..
 
TheDemSocialist said:
Actually the "ocu-tards" seem to be against the gov money going to corporations..
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Yeah, and going to bail their stupid asses out instead.

Six of one, half dozen of another, IMO.

IOW, on one hand we have dumbass bankers who got over-extended on sub-prime loans and a buncha college kids that got over-extended on student loans and now both want the taxpayers to foot the ****ing bill.

At least the bankers have an excuse, the government made them do it.

When I see actual college graduates coming up with these lame-brain ideas, it makes me proud that I didn't go to college.
 
apdst said:
Yeah, and going to bail their stupid asses out instead.
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So you are agreeing that you are wrong with your earlier statement?
And if you would like to get educated on their demands ill provide them for you here instead of making ignorant typical remarks


I can tell the view of the movement you have is the one FOX "News" only preaches to you.



When I see actual college graduates coming up with these lame-brain ideas, it makes me proud that I didn't go to college.
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Yea education sucks! :lamo
 
TheDemSocialist said:
So you are agreeing that you are wrong with your earlier statement?
And if you would like to get educated on their demands ill provide them for you here instead of making ignorant typical remarks


I can tell the view of the movement you have is the one FOX "News" only preaches to you.




Yea education sucks! :lamo
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Actually this list of demands just confirms everyone's view of the movement. No basis in reality, extreme leftism, complete misunderstanding of economics, and a huge sense of entitlement. Demand 11 was good enough for a hearty laugh. :lamo

EDIT: The funny thing is Obama already granted demand 6. It should be rewritten as $2 trillion in infrastructure spending. They want to do this while wiping all debt on the planet out? How are they going to go about paying for it?

Seriously, the fact that you the balls enough to even post something like this in defense of the movement is pitiful. Thanks for exposing the absurdity of your own beliefs.
 
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Rhapsody1447 said:
Actually this list of demands just confirms everyone's view of the movement. No basis in reality, extreme leftism, complete misunderstanding of economics, and a huge sense of entitlement. Demand 11 was good enough for a hearty laugh. :lamo
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And do you believe that this is some 'official" list that every OWS participant, supporter and sympathizer pledges their support to?
 
haymarket said:
And do you believe that this is some 'official" list that every OWS participant, supporter and sympathizer pledges their support to?
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There is no uniformity in the movement, hell there is rarely uniformity in any movement. The list is representative of the movement as a whole as it is their "official list of demands". You can play the fragmentation game all you like. It doesn't restore credibility to the movement as a whole.

EDIT: Correction. This isn't their official list of demands, it's just their number #1 post on their forums. Here is a more reasonable "Demands for Congress"

http://www.washingtontimes.com/blog...-occupy-wall-street-protesters-post-manifest/

The reality is they have no official list of demands, a reflection of their lack of leadership and cohesiveness. If they keep complaining about misrepresentation, why are they unable to form any sort of agreement about what they want? Hell the Tea Party was able to sweep the 2010 elections and put 2 candidates into the Republican presidential primaries. These people can't even figure out what they want.
 
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Rhapsody1447 said:
There is no uniformity in the movement, hell there is rarely uniformity in any movement. The list is representative of the movement as a whole as it is their "official list of demands". You can play the fragmentation game all you like. It doesn't restore credibility to the movement as a whole.
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And this list comes from who exactly if it is so "representative'?

I am sympathetic to the entire movement but I do not endorse that list of most of the things on it. For a living, I am in government and politics and I no of nobody who I work with or associate with on the Democratic side that would agree with that list.

update

this from conservatieoutpost.com about the so called author of that list

What I am about to post for you here is real. This comes from an Occupy Wall Street Website, posted by an individual by the name of Lloyd J. Hart. While I am ready to get into what is being said on this website, a little background information is needed so all of you know about what is being said here. While searching through the website and entering the “About” section, the author of the website is very clear to state that this is NOT an official Occupy Wall Street website and members are not connected with other groups in the movement, although all in the movement are welcome to come to the website and form up in the fight against…well…we will get to that in just a moment.
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One persons views - no more and no less.
 
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haymarket said:
And this list comes from who exactly if it is so "representative'?

I am sympathetic to the entire movement but I do not endorse that list of most of the things on it. For a living, I am in government and politics and I no of nobody who I work with or associate with on the Democratic side that would agree with that list.
update
this from conservatieoutpost.com about the so called author of that list
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Read my latest edit.

One persons views - no more and no less.
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Just because you'd like it to be that doesn't make it true. TheDemSocialist seems to like those demands. You like to dismiss them because they reflect poorly on the movement you support, but nonetheless, it's a list posted by members on what they would like to see happen. Hell, we all know, that some of the less ridiculous demands on the list such as free college education, single payer universal healthcare, and $2 trillion in infrastructure and alternative energy spending is supported by a hell of lot more than just one member. Many people on this board push for those demands.
 
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