RE: Not Only Are U.S. Corporations Not Overtaxed, Some Of The Biggest Are Paying A Negative Tax Rate | C (Full Version)

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tazzygirl -> RE: Not Only Are U.S. Corporations Not Overtaxed, Some Of The Biggest Are Paying A Negative Tax Rate | C (6/3/2011 1:46:07 PM)

Here is the link.

http://sociology.ucsc.edu/whorulesamerica/power/wealth.html



willbeurdaddy -> RE: Not Only Are U.S. Corporations Not Overtaxed, Some Of The Biggest Are Paying A Negative Tax Rate | C (6/3/2011 2:54:05 PM)


quote:

ORIGINAL: tazzygirl

Here is the link.

http://sociology.ucsc.edu/whorulesamerica/power/wealth.html


Link for what?



mnottertail -> RE: Not Only Are U.S. Corporations Not Overtaxed, Some Of The Biggest Are Paying A Negative Tax Rate | C (6/3/2011 2:54:36 PM)

Lesbian Sex Wars video



kdsub -> RE: Not Only Are U.S. Corporations Not Overtaxed, Some Of The Biggest Are Paying A Negative Tax Rate | C (6/3/2011 3:11:21 PM)

Maybe the reason our tax rate is so high is because with all the loop holes a high rate is needed to collect any tax.

So rather then Republicans and Democrats blaming each other why not work together to LOWER our tax rate to be competitive with other industrial nations and at the same time remove the loopholes and subsidies.

This would make us a more attractive place for industry and at the same time fill the government coffers.

Butch



HeatherMcLeather -> RE: Not Only Are U.S. Corporations Not Overtaxed, Some Of The Biggest Are Paying A Negative Tax Rate | C (6/4/2011 12:09:08 AM)

quote:

Today all investment advice is directed to where the growth is: emerging markets like Brazil, China and others. How to reverse the trend is a question?
I don't know much about this stuff (well nothing really), but I had an idea when I read this.

What if your government raised the tax rate on the returns on these foreign investments and reduced or eliminated the taxes on the the returns on domestic investments. I'm probably not seeing something, but I think this would both increase tax revenue and seriously encourage domestic investment. Wouldn't that be a win-win?



tazzygirl -> RE: Not Only Are U.S. Corporations Not Overtaxed, Some Of The Biggest Are Paying A Negative Tax Rate | C (6/4/2011 12:12:33 AM)


quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: tazzygirl

Here is the link.

http://sociology.ucsc.edu/whorulesamerica/power/wealth.html


Link for what?



For the source of this post.

http://www.collarchat.com/fb.asp?m=3706193



OrionTheWolf -> RE: Not Only Are U.S. Corporations Not Overtaxed, Some Of The Biggest Are Paying A Negative Tax Rate | C (6/4/2011 6:59:42 AM)

Shhhh. You are making too much sense, and it will interupt the mud slinging and rhetoric shots. ;)


quote:

ORIGINAL: HeatherMcLeather

quote:

Today all investment advice is directed to where the growth is: emerging markets like Brazil, China and others. How to reverse the trend is a question?
I don't know much about this stuff (well nothing really), but I had an idea when I read this.

What if your government raised the tax rate on the returns on these foreign investments and reduced or eliminated the taxes on the the returns on domestic investments. I'm probably not seeing something, but I think this would both increase tax revenue and seriously encourage domestic investment. Wouldn't that be a win-win?




willbeurdaddy -> RE: Not Only Are U.S. Corporations Not Overtaxed, Some Of The Biggest Are Paying A Negative Tax Rate | C (6/4/2011 11:50:24 AM)


quote:

ORIGINAL: tazzygirl


quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: tazzygirl

Here is the link.

http://sociology.ucsc.edu/whorulesamerica/power/wealth.html


Link for what?



For the source of this post.

http://www.collarchat.com/fb.asp?m=3706193


Thus my confusion. My post was in reference to offshoring of assets. I dont see anything in that link that addresses it.



tazzygirl -> RE: Not Only Are U.S. Corporations Not Overtaxed, Some Of The Biggest Are Paying A Negative Tax Rate | C (6/4/2011 12:25:37 PM)

Tell me something, willbe. If money is in offshore accounts, and invested elsewhere, what taxes are paid and to what country?

If money is inherited from those accounts, do they pay inheritance taxes or are the names just switched?

What taxes are paid from the interest accrued in those accounts? And to what country?



willbeurdaddy -> RE: Not Only Are U.S. Corporations Not Overtaxed, Some Of The Biggest Are Paying A Negative Tax Rate | C (6/4/2011 1:03:48 PM)


quote:

ORIGINAL: tazzygirl

Tell me something, willbe. If money is in offshore accounts, and invested elsewhere, what taxes are paid and to what country?

If money is inherited from those accounts, do they pay inheritance taxes or are the names just switched?

What taxes are paid from the interest accrued in those accounts? And to what country?


US taxes are owed on offshore investment gains and savings interest. Im not sure whether there is a credit for taxes paid in that jurisdcition as there is for salary income. And yes, estate tax is owed on total assets, regardless of where they are parked.



tazzygirl -> RE: Not Only Are U.S. Corporations Not Overtaxed, Some Of The Biggest Are Paying A Negative Tax Rate | C (6/4/2011 1:19:48 PM)

Didnt I read a few years back about how not all of these accounts were known, or reported?



Arpig -> RE: Not Only Are U.S. Corporations Not Overtaxed, Some Of The Biggest Are Paying A Negative Tax Rate | C (6/4/2011 2:23:16 PM)

I believe there is a credit Willbe, I know there is one in Canada. I also seem to recall (when I was working at an accounting office) there being a form they had  for U.S. clients verifying Canadian taxes paid on investments/income in Canada.

And yeah Tazzy, that's pretty much the whole point of offshore accounts. Places like Switzerland and the Grand Cayman's have (or at least did have) non-disclosure policies, so the accounts and their contents were kept confidential and not released to anybody.



willbeurdaddy -> RE: Not Only Are U.S. Corporations Not Overtaxed, Some Of The Biggest Are Paying A Negative Tax Rate | C (6/4/2011 5:01:31 PM)


quote:

ORIGINAL: tazzygirl

Didnt I read a few years back about how not all of these accounts were known, or reported?


People cheat in any way they can figure out to cheat. They don't have to go offshore to do it.

Switzerland was a safe haven for banking since the depression. However, the Swiss banking privacy laws have less and less teeth, and after they turned over data on US tax evaders in 2009 (give or take a year) isn't a particularly safe place for tax avoidance any longer.

The Cayman islands have the toughest privacy laws (at least among relatively politically stable countries) and even they will release information if there is a court order regarding criminal activity (including US tax evasion).



thompsonx -> RE: Not Only Are U.S. Corporations Not Overtaxed, Some Of The Biggest Are Paying A Negative Tax Rate | C (6/4/2011 7:00:07 PM)

quote:

The number of $0 taxpayers has also increased.


Kinda hard to pay taxes if you don't have a job that makes money to be taxed.



thompsonx -> RE: Not Only Are U.S. Corporations Not Overtaxed, Some Of The Biggest Are Paying A Negative Tax Rate | C (6/4/2011 7:02:49 PM)

quote:

But you won't fool me twice


That must because you are sooo much smarter than anyone else?
The depth of your intellect is shown with you every post.



thompsonx -> RE: Not Only Are U.S. Corporations Not Overtaxed, Some Of The Biggest Are Paying A Negative Tax Rate | C (6/4/2011 7:05:53 PM)

quote:

Without analyzing his numbers Im willing to bet that there are two glaring facts overlooked in his comparisons.

It must be awesome to be able to make decissions without data/

And if Im correct, the US would actually vault up to somewhere in the top dozen.
And if you are not it will be just like always. You running your mouth about shit you have no clue about.



thompsonx -> RE: Not Only Are U.S. Corporations Not Overtaxed, Some Of The Biggest Are Paying A Negative Tax Rate | C (6/4/2011 7:07:14 PM)

quote:

Tariffs are just one step toward economic isolationism, and it doesnt work.


Perhaps it does not work for capitalist and that is the crux of your dislike for them.



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