RE: Perhap the GOP should start here if they wish to reduce the deficit

RE: Perhap the GOP should start here if they wish to reduce the deficit (Full Version)

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tazzygirl -> RE: Perhap the GOP should start here if they wish to reduce the deficit (4/1/2011 11:56:32 AM)
yes and no, mike. my taxes, out of check, are 27% total. By the time I go to the store and pay sales tax, 7%, that dollar is now worth 66 cents. And thats not speaking to the income tax at the end of the year.

kdsub -> RE: Perhap the GOP should start here if they wish to reduce the deficit (4/1/2011 12:07:58 PM)
quote: ORIGINAL: rulemylife So what should we do Butch, just cut or eliminate corporate taxes and then raise taxes on individuals to make up for the shortfall? This conservative idea that we should ass-kiss corporations is one of the major reasons for the deficits we have. I believe we should make our taxes competitive on the world stage. Rule today there is very little profit margin and how do you expect US companies to compete in the global market if they are paying 20 to 30 percent tax when competitors are paying in some case less than half that? What choice do we have...China can make brooms and ship them thousands of miles and sell them cheaper then they can be made in the US with minimum wage workers...Why... because of taxes. Just maybe if we lower corporate taxes...stop living beyond our means... we could have an increase in tax revenue that would make up the difference. Worth a try...if we don't we will continue to loose tax dollars. It would be great if investors would take less and pay their taxes but you and I both know they, like us, need every dollar they can get. Butch

mnottertail -> RE: Perhap the GOP should start here if they wish to reduce the deficit (4/1/2011 12:24:45 PM)
quote: ORIGINAL: kdsub quote: ORIGINAL: rulemylife So what should we do Butch, just cut or eliminate corporate taxes and then raise taxes on individuals to make up for the shortfall? This conservative idea that we should ass-kiss corporations is one of the major reasons for the deficits we have. I believe we should make our taxes competitive on the world stage. Rule today there is very little profit margin and how do you expect US companies to compete in the global market if they are paying 20 to 30 percent tax when competitors are paying in some case less than half that? What choice do we have...China can make brooms and ship them thousands of miles and sell them cheaper then they can be made in the US with minimum wage workers...Why... because of taxes. Just maybe if we lower corporate taxes...stop living beyond our means... we could have an increase in tax revenue that would make up the difference. Worth a try...if we don't we will continue to loose tax dollars. It would be great if investors would take less and pay their taxes but you and I both know they, like us, need every dollar they can get. Butch not taxes. if you had them pay 0% taxes, and their workforce works for $2 - $25 dollars a day, and ........ No computational skills required.

Brain -> RE: Perhap the GOP should start here if they wish to reduce the deficit (4/1/2011 12:28:35 PM)
Donald Trump thinks we should tax Chinese imports and I think it's a pretty good idea considering the revenue can be used to reduce the deficit and the Chinese are keeping their currency artificially low. quote: ORIGINAL: kdsub quote: ORIGINAL: rulemylife So what should we do Butch, just cut or eliminate corporate taxes and then raise taxes on individuals to make up for the shortfall? This conservative idea that we should ass-kiss corporations is one of the major reasons for the deficits we have. I believe we should make our taxes competitive on the world stage. Rule today there is very little profit margin and how do you expect US companies to compete in the global market if they are paying 20 to 30 percent tax when competitors are paying in some case less than half that? What choice do we have...China can make brooms and ship them thousands of miles and sell them cheaper then they can be made in the US with minimum wage workers...Why... because of taxes. Just maybe if we lower corporate taxes...stop living beyond our means... we could have an increase in tax revenue that would make up the difference. Worth a try...if we don't we will continue to loose tax dollars. It would be great if investors would take less and pay their taxes but you and I both know they, like us, need every dollar they can get. Butch

MrRodgers -> RE: Perhap the GOP should start here if they wish to reduce the deficit (4/1/2011 12:32:36 PM)
I've been trying to tell you preverts, this debate is magniloquent. The tax code is right where the power that bought it...wants it. There will never be all of these things if only because for just one prime example, as part of GE's non-tax liability...is a $3.5 billion 'tax credit.' So no flat tax, no tax reform but maybe a fed. sales tax and the rest is conversation. Rather than truly reform the federal corporate or business tax code, pols would rather...stay alive. R Rep. Rob Woodhall has submitted a bill to remove corporate tax benefits and to trim what even the CATO Inst. says is over a $100 billion a year in corporate welfare. Let's see just how far it goes ?

kdsub -> RE: Perhap the GOP should start here if they wish to reduce the deficit (4/1/2011 12:47:05 PM)
I'm open to ideas...remember I'm the classic isolationists...I'd love to end all but essential imports and produce and sell here in the US exclusively...BUT.. I've been told this will not work in a global market...bullshit... but again… then... how can we compete with people paying the $2 - 25 a day and still expect our industry to pay the highest taxes in the world? Butch

mnottertail -> RE: Perhap the GOP should start here if they wish to reduce the deficit (4/1/2011 12:54:56 PM)
They don't pay em, butch.

Moonhead -> RE: Perhap the GOP should start here if they wish to reduce the deficit (4/1/2011 12:57:51 PM)
Don't they? I thought a lot of American firms had outsourced their manufacturing. It was one of Raygun's big ideas, along with turning a blind eye when Sinatra fucked his wife and pissing away billions on the SDI...

hlen5 -> RE: Perhap the GOP should start here if they wish to reduce the deficit (4/1/2011 12:59:33 PM)
quote: ORIGINAL: rulemylife quote: ORIGINAL: hlen5 I think there is merit in a nat'l sales tax. Buy more stuff? Pay more tax. There's merit to a flat tax too. If only everyone would just pay a porportional pecentage to income, we'd probably have all the money we need to run the ship of state. What's wrong with everyone and I mean EVERYONE (corporations now that they're considered people, too) paying say, 8%? ETA: NO EXCEPTIONS! Nada, zilch, zip!! What's wrong with it is proportional. Eight percent from someone making 20K a year puts far more of a burden on them than taking eight percent from someone making 200K a year. I am quite sure I pay more than 8% in total taxes. Warren Buffett on the other hand pays less than I do.

tweakabelle -> RE: Perhap the GOP should start here if they wish to reduce the deficit (4/1/2011 1:26:17 PM)
quote: ORIGINAL: MrRodgers I've been trying to tell you preverts, this debate is magniloquent. The tax code is right where the power that bought it...wants it. There will never be all of these things if only because for just one prime example, as part of GE's non-tax liability...is a $3.5 billion 'tax credit.' So no flat tax, no tax reform but maybe a fed. sales tax and the rest is conversation. Rather than truly reform the federal corporate or business tax code, pols would rather...stay alive. R Rep. Rob Woodhall has submitted a bill to remove corporate tax benefits and to trim what even the CATO Inst. says is over a $100 billion a year in corporate welfare. Let's see just how far it goes ? I do see your point, even if I can't help feeling you are over dramatising it just a tad. Tax evasion, transfer pricing and whole host of other dodgy practices by multi-nationals are a problem far bigger than any one single country. Appropriate agreements at G20 level would effectively curtail the ability of MNCs to evade their responsibilities. Such agreements could also address some of the concerns kdsub raised earlier in the thread. For example, by insisting that any corporation with a turnover in excess of say, $1 billion pa must be registered in, and paying taxes in one of the G20 countries, many of these matters could be dealt with. Each country insisting that corporations of a given size must do their business within its jurisdiction through a locally-registered subsidiary company is another approach. There are also measures like with-holding taxes, provisional taxes and so on that individual countries can implement unilaterally. All it takes is the political will to address the issue. That can be generated by the taxpayers and citizens through the ballot box and legitimate political campaigns. It's time these MNCs stopped getting free rides. There's no reason why the obligation to pay tax can't be globalised.

Moonhead -> RE: Perhap the GOP should start here if they wish to reduce the deficit (4/1/2011 1:28:09 PM)
Of course, insisting that they declare residence and pay taxes could lead to unseemly tussles between the big nations for custody of the big companies...

tweakabelle -> RE: Perhap the GOP should start here if they wish to reduce the deficit (4/1/2011 1:33:31 PM)
quote: ORIGINAL: Moonhead Of course, insisting that they declare residence and pay taxes could lead to unseemly tussles between the big nations for custody of the big companies... Wouldn't you rather they compete for taxpayers than the current situation where they compete for tax evaders?

mnottertail -> RE: Perhap the GOP should start here if they wish to reduce the deficit (4/1/2011 1:57:15 PM)
Minnesota has pretty high taxes and the highest number of fortune 500 companies headquarters in any of the states. They provide about 10K jobs which is a drop in the bucket. Large multinationals can go the fuck overseas and fuck em, we don't need em. It ain't like they are employing people, and these same companies dont pay taxes, and when they fuck themselves they come to the government for our money to get their bonuses paid. So what is their value to america? We need small and medium business and need to flush corporations down the toilet.

kdsub -> RE: Perhap the GOP should start here if they wish to reduce the deficit (4/1/2011 2:06:38 PM)
quote: ORIGINAL: mnottertail They don't pay em, butch. You see...I'm not sure if they do on average or don't... the IRS knows but how do you...or brain...or anyone else really know? I look at it this way...If large industries did not pay taxes because of loop holes... why have many of them decided to move their corporate headquarters overseas? They keep the actual industry here but with their headquarters in other countries they do not have to pay US corporate taxes. Why would they do this if they paid zero taxes in the US... They do have to pay taxes in their adopted countries... It just does not make sense. Just because a few sensationalist articles make claims on a few high profile businesses does not mean all are not paying does it? Butch

mnottertail -> RE: Perhap the GOP should start here if they wish to reduce the deficit (4/1/2011 2:13:36 PM)
who moved headquarters overseas and kept the industry and workforce here? couple of examples, si vous plait?

kdsub -> RE: Perhap the GOP should start here if they wish to reduce the deficit (4/1/2011 2:17:35 PM)
quote: ORIGINAL: mnottertail who moved headquarters overseas and kept the industry and workforce here? couple of examples, si vous plait? It would be easier if you watched the 60 minutes link I provided in my first post... it is the focus of the piece using real industries...giving names and statistics. They even went overseas to track down the fake headquarters...It is very interesting. Believe me I'm not defending their actions i am just saying there are good reasons for them...at least for the investors. Butch

popeye1250 -> RE: Perhap the GOP should start here if they wish to reduce the deficit (4/1/2011 2:25:56 PM)
quote: ORIGINAL: rulemylife quote: ORIGINAL: popeye1250 quote: ORIGINAL: rulemylife quote: ORIGINAL: popeye1250 There's that word, "FEEL!" Leftists don't "think", they "FEEL." They don't "dislike" something they're "OFFENDED" by it. "Whoa, everyone stop in your tracks!!!" "Little Justin the Trust Fund baby is sitting in the corner,......"OFFENDED!" "GROUP HUG, Quickly!!!" Ahhhh..........more moderate independence. No Popeye, you're really not a conservative. I see that now. [sm=whoa.gif] Rule, a card carrying member of the Southern Poverty Law Center would be a "conservative" to you! Do you ever read what you write? You constantly rag on leftists, liberals, and Democrats and then claim you are not a conservative Republican. Maybe you are just having an identity crisis. There you go again! There's "only" two sides to an issue according to you Bubba Gump!

mnottertail -> RE: Perhap the GOP should start here if they wish to reduce the deficit (4/1/2011 2:28:15 PM)
quote: ORIGINAL: kdsub quote: ORIGINAL: mnottertail who moved headquarters overseas and kept the industry and workforce here? couple of examples, si vous plait? It would be easier if you watched the 60 minutes link I provided in my first post... it is the focus of the piece using real industries...giving names and statistics. They even went overseas to track down the fake headquarters...It is very interesting. Believe me I'm not defending their actions i am just saying there are good reasons for them...at least for the investors. Butch I watched it way back when you posted it. And I repeat myself. Those folks are in criminal violation of US law and need to be taken down. Nobody has actually done it.

kdsub -> RE: Perhap the GOP should start here if they wish to reduce the deficit (4/1/2011 2:31:29 PM)
If I remember correctly there was a member of congress trying to introduce a bill to close this loophole in the video... If it were not legal why the bill? Butch

mnottertail -> RE: Perhap the GOP should start here if they wish to reduce the deficit (4/1/2011 2:33:38 PM)
I get the 'legal' idea. Certainly it is tax evasion and fraud. We get 'em Al Capone style.

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