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

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RE: Perhap the GOP should start here if they wish to re... - 4/1/2011 11:56:32 AM

tazzygirl

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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.

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Post #: 21

RE: Perhap the GOP should start here if they wish to re... - 4/1/2011 12:07:58 PM

kdsub

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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

< Message edited by kdsub -- 4/1/2011 12:08:22 PM >

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RE: Perhap the GOP should start here if they wish to re... - 4/1/2011 12:24:45 PM

mnottertail

Posts: 60698
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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.

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Post #: 23

RE: Perhap the GOP should start here if they wish to re... - 4/1/2011 12:28:35 PM

Brain

Posts: 3792
Joined: 2/14/2007
Status: offline

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

(in reply to kdsub)

Post #: 24

RE: Perhap the GOP should start here if they wish to re... - 4/1/2011 12:32:36 PM

MrRodgers

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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 ?

(in reply to tazzygirl)

Post #: 25

RE: Perhap the GOP should start here if they wish to re... - 4/1/2011 12:47:05 PM

kdsub

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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

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Mark Twain:

I don't see any use in having a uniform and arbitrary way of spelling words. We might as well make all clothes alike and cook all dishes alike. Sameness is tiresome; variety is pleasing

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Post #: 26

RE: Perhap the GOP should start here if they wish to re... - 4/1/2011 12:54:56 PM

mnottertail

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They don't pay em, butch.

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Post #: 27

RE: Perhap the GOP should start here if they wish to re... - 4/1/2011 12:57:51 PM

Moonhead

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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...

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Post #: 28

RE: Perhap the GOP should start here if they wish to re... - 4/1/2011 12:59:33 PM

hlen5

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Joined: 3/2/2008
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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.

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Post #: 29

RE: Perhap the GOP should start here if they wish to re... - 4/1/2011 1:26:17 PM

tweakabelle

Posts: 7522
Joined: 10/16/2007
From: Sydney Australia
Status: offline

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.

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Post #: 30

RE: Perhap the GOP should start here if they wish to re... - 4/1/2011 1:28:09 PM

Moonhead

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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...

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Post #: 31

RE: Perhap the GOP should start here if they wish to re... - 4/1/2011 1:33:31 PM

tweakabelle

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Joined: 10/16/2007
From: Sydney Australia
Status: offline

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?

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Post #: 32

RE: Perhap the GOP should start here if they wish to re... - 4/1/2011 1:57:15 PM

mnottertail

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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.

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RE: Perhap the GOP should start here if they wish to re... - 4/1/2011 2:06:38 PM

kdsub

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Joined: 8/16/2007
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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

< Message edited by kdsub -- 4/1/2011 2:29:27 PM >

_____________________________

Mark Twain:

I don't see any use in having a uniform and arbitrary way of spelling words. We might as well make all clothes alike and cook all dishes alike. Sameness is tiresome; variety is pleasing

(in reply to mnottertail)

Post #: 34

RE: Perhap the GOP should start here if they wish to re... - 4/1/2011 2:13:36 PM

mnottertail

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who moved headquarters overseas and kept the industry and workforce here? couple of examples, si vous plait?

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30

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Post #: 35

RE: Perhap the GOP should start here if they wish to re... - 4/1/2011 2:17:35 PM

kdsub

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Joined: 8/16/2007
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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

_____________________________

Mark Twain:

I don't see any use in having a uniform and arbitrary way of spelling words. We might as well make all clothes alike and cook all dishes alike. Sameness is tiresome; variety is pleasing

(in reply to mnottertail)

Post #: 36

RE: Perhap the GOP should start here if they wish to re... - 4/1/2011 2:25:56 PM

popeye1250

Posts: 18104
Joined: 1/27/2006
From: New Hampshire
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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.

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!

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RE: Perhap the GOP should start here if they wish to re... - 4/1/2011 2:28:15 PM

mnottertail

Posts: 60698
Joined: 11/3/2004
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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.

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30

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Post #: 38

RE: Perhap the GOP should start here if they wish to re... - 4/1/2011 2:31:29 PM

kdsub

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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

< Message edited by kdsub -- 4/1/2011 2:32:04 PM >

_____________________________

Mark Twain:

I don't see any use in having a uniform and arbitrary way of spelling words. We might as well make all clothes alike and cook all dishes alike. Sameness is tiresome; variety is pleasing

(in reply to mnottertail)

Post #: 39

RE: Perhap the GOP should start here if they wish to re... - 4/1/2011 2:33:38 PM

mnottertail

Posts: 60698
Joined: 11/3/2004
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I get the 'legal' idea. Certainly it is tax evasion and fraud. We get 'em Al Capone style.

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30

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Post #: 40

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