Quote:They're using loopholes to drop they're tax rates far below what average people pay and then say they can't afford to pay more. Like I said; they're taking 11 cookies and tricking everyone else into thinking someone else is going take the last cookie.
What ever happened to those up vote numbers from the old board? We need those back.
Quote:They're using loopholes to drop they're tax rates far below what average people pay and then say they can't afford to pay more. Like I said; they're taking 11 cookies and tricking everyone else into thinking someone else is going take the last cookie.
Small business pays about 20%. Those large corporations are paying 30-40% after using those loopholes.
In fact, its mostly the liberal technology corporations that are scamming the tax system.
Quote:Silly Eric. You don't think corporations actually pay taxes do you? If you want to include the tax man all you to do is add him to the table and change the last line to:
"You better watch them," the executive says with a nod toward the union worker & federal official "They want a piece of your cookie."
I don't doubt corporations avoid taxes, point is if you didn't have a bloated government no one would have to pay as much on taxes. The bank bailout is the perfect reason why I oppose big government, the very institution liberals advocate to restrict business only empowers them to act irresponsibly knowing the tax payer will bail them out.
Like I said in a dozen cookie scenario half of those cookies are gone before they reach the table.
Quote:What?
Google - 19.4%
Oracle - 21.4%
Intel - 23.6%
Microsoft - 22.8%
IBM - 24%
Apple - 25%
Meanwhile all your petro corps are paying 40% plus.
Conoco Phillips - 51.5%
Quote:Small business pays about 20%. Those large corporations are paying 30-40% after using those loopholes.
They're using the loopholes to suppress their stated net income while simultaneously increasing their tax rate on paper only. Apple alone is holding billions of dollars in profit in Irish mailbox companies while lobbying for a tax grace period to bring them back to the US. I don't blame them for doing so, I know I would certainly do the same if I could, but I don't like the notion that a tax increase, any tax increase will hurt these companies in any way.
Quote:Google - 19.4%
Oracle - 21.4%
Intel - 23.6%
Microsoft - 22.8%
IBM - 24%
Apple - 25%
Meanwhile all your petro corps are paying 40% plus.
So the economy is compromised exclusively between petro corps and tech corps?
Also these figures aren't even correct, Google paid much less in taxes than 19.4%, that's just what they claimed.
http://arstechnica.com/tech-policy/2014/...ean-taxes/
Quote:Google - 19.4%
Oracle - 21.4%
Intel - 23.6%
Microsoft - 22.8%
IBM - 24%
Apple - 25%
Meanwhile all your petro corps are paying 40% plus.
On paper. Apple Sales International (one of these Irish subsidiaries) had an effective less than 0.1%. Apple Online International (which holds 30% of Apple's profits) pays zero tax, anywhere in the world.
Quote:So the economy is compromised exclusively between petro corps and tech corps?
Also these figures aren't even correct, Google paid much less in taxes than 19.4%, that's just what they claimed.
http://arstechnica.com/tech-policy/2014/...ean-taxes/
See all this confusion about who paid what and how much is why the production tax is a flawed system. Replace it with a consumption tax and all this confusion goes away.
Quote:So the economy is compromised exclusively between petro corps and tech corps?
Also these figures aren't even correct, Google paid much less in taxes than 19.4%, that's just what they claimed.
http://arstechnica.com/tech-policy/2014/...ean-taxes/
I'm just going by Forbes. I obviously don't have access to their tax books.
Google only paid 9 million in taxes in the UK on 3.8 billion.
Quote:See all this confusion about who paid what and how much is why the production tax is a flawed system. Replace it with a consumption tax and all this confusion goes away.
No, I've already told you, all the consumption based tax accomplishes is allowing limitless hording of wealth by those who make large amounts of money they have no need to spend.
Quote:No, I've already told you, all the consumption based tax accomplishes is allowing limitless hording of wealth by those who make large amounts of money they have no need to spend.
And I've told you what you call hording is called saving in economics, and that's a good thing. When those dirty filthy evil rich guys put a billion dollars into a savings account or savings bond that's the money the bank uses to loan out to us poor working folk to buy a house, car, business and so on.
That dirty filthy evil rich guy doesn't put his money into a savings account the bank doesn't have money to lend you or me or anyone else.
Quote:And I've told you what you call hording is called saving in economics, and that's a good thing. When those dirty filthy evil rich guys put a billion dollars into a savings account or savings bond that's the money the bank uses to loan out to us poor working folk to buy a house, car, business and so on.
That dirty filthy evil rich guy doesn't put his money into a savings account the bank doesn't have money to lend you or me or anyone else.
In turn, either interest rates go up, or government has to subsidize the banks.
Quote:And I've told you what you call hording is called saving in economics, and that's a good thing. When those dirty filthy evil rich guys put a billion dollars into a savings account or savings bond that's the money the bank uses to loan out to us poor working folk to buy a house, car, business and so on.
That dirty filthy evil rich guy doesn't put his money into a savings account the bank doesn't have money to lend you or me or anyone else.
No, saving in the sort of amounts that regular people do is fine and quite in the interests of things like fractional reserve banking, but what you espouse is precisely what is causing our current economic troubles.
We simply have too much money being horded by too few corporations and individuals, which is choking off the economy which depends on a higher marginal propensity to consume.
Quote:No, saving in the sort of amounts that regular people do is fine and quite in the interests of things like fractional reserve banking, but what you espouse is precisely what is causing our current economic troubles.
We simply have too much money being horded by too few corporations and individuals, which is choking off the economy which depends on a higher marginal propensity to consume.
Which is why most people support anti-trust laws.
The real tax evaders are the scam charities that abuse loopholes to classify themselves as a charity and not pay taxes. They take people's money, and spend more than half of it on solicitors instead of actually going toward the said charity. They play with their numbers so badly, and it should be against the law.
You get a call asking for "Just $20.00" for Kid's Wish Network. "You can do just $20.00" And of course people are scammed into it. And Kids Wish Netowork takes their $20.00, and spends $.60 on actually helping kids! How is this legal?
Quote:Which is why most people support anti-trust laws.
Which has nothing to do with the problems of the "consumption based" tax idea.
Strangely enough it seems that while most people might claim to support anti-trust laws in practice what they seem to support in elections is usually big business focused candidates.
Think about the bizarre things candidates claim, "I'm an outsider who has never been to Washington and spent my life in business!"
Quote:The real tax evaders are the scam charities that abuse loopholes to classify themselves as a charity and not pay taxes. They take people's money, and spend more than half of it on solicitors instead of actually going toward the said charity. They play with their numbers so badly, and it should be against the law.
You get a call asking for "Just $20.00" for Kid's Wish Network. "You can do just $20.00" And of course people are scammed into it. And Kids Wish Netowork takes their $20.00, and spends $.60 on actually helping kids! How is this legal?
Charities are a red herring.
The real issue is that we have a society full of people whose education has been damaged so badly that they somehow think the nation would be better off if we returned to work camps and company scrip.
Quote:Charities are a red herring.
The real issue is that we have a society full of people whose education has been damaged so badly that they somehow think the nation would be better off if we returned to work camps and company scrip.
:woot: Talk about red herrings!
I've never heard a single person say we should return to work camps and company scrip.