DC Tom Posted April 8, 2010 Share Posted April 8, 2010 Well then, I guess it's time for fresh troops. Put me in coach! I'm itching to do some damage. Just wish it could be someone of more consequence. I'm busy today; you can fill in for me. With your use of words like "assmudgeonry", you're obviously competent middle relief. Link to comment Share on other sites More sharing options...
GG Posted April 8, 2010 Share Posted April 8, 2010 Are you talking about true government needs or what they're currently spending? True government needs. Assume that sustainable gov't spending is about 18% - 20% of GDP, you should try to match historic tax receipts to expenditures. Unfortunately now with gov't taking up 25% of GDP, that equation is unsustainable because you will stifle economic growth and end in a perpetual downward cycle. Link to comment Share on other sites More sharing options...
GG Posted April 8, 2010 Share Posted April 8, 2010 Who cares? The problems in this country have little to do with this talking point. Gotta agree with Kev. This is a huge problem that is directly related to problems you're referring to. When >50% of the population doesn't pay any income tax, it gets very easy for them to keep voting in pandering politicians who promise a free lunch. Link to comment Share on other sites More sharing options...
3rdnlng Posted April 8, 2010 Share Posted April 8, 2010 I'm busy today; you can fill in for me. With your use of words like "assmudgeonry", you're obviously competent middle relief. Thanks, but I prefer long relief, and I'm out the door for an appointment. We'll let him garner his strength. Link to comment Share on other sites More sharing options...
erynthered Posted April 8, 2010 Share Posted April 8, 2010 Well then, I guess it's time for fresh troops. Put me in coach! I'm itching to do some damage. Just wish it could be someone of more consequence. Wonder where KTD and Johnny Coli have been? I'm sure they would be able to justify this free spending idiot thats living at 1600 PA. along with the Dem controled house and Sen. Link to comment Share on other sites More sharing options...
WisconsinBillzFan Posted April 8, 2010 Share Posted April 8, 2010 Gotta agree with Kev. This is a huge problem that is directly related to problems you're referring to. When >50% of the population doesn't pay any income tax, it gets very easy for them to keep voting in pandering politicians who promise a free lunch. Because thats how liberals stay in power-they take money from people like me and give it to people who don't work. It's "redistribution of wealth". Link to comment Share on other sites More sharing options...
keepthefaith Posted April 8, 2010 Share Posted April 8, 2010 I think the first $35k (indexed annually for inflation) needs to be immune. Everything after that. Then I'd eliminate all the other federal taxes. ALL of them. The amount of income not subjected to tax can be debated. Personally I feel everyone should pay some Federal income tax. The current scenario (nearly half not paying Fed income tax) simply creates a class of people that don't have any regard for how the Federal Government spends tax dollars because they don't pay income tax into the system. It also creates a big political divide and an entitlement mentality for the same reasons. The left, of course, likes it this way. Everyone shares in the basic benefits that the Fed government provides (military protection and many others) and we should (with few exceptions) all pay for that IMO. Since we all have the right to vote (with very few exceptions), we should all share the perspective of being subject to Federal income tax. Link to comment Share on other sites More sharing options...
keepthefaith Posted April 8, 2010 Share Posted April 8, 2010 I can't believe this stupid schit was left standing after this stupid, ignorant post. Who "owns" public corporations and where do the profits go? Who pays taxes on the profits? Figure this one out Conner and you may understand why most people here make fun of your high level of assmudgeonry. Yes. Profitable corporations pay Federal income taxes. In some states, like here in Illinois, corporations pay taxes at higher rates. We have a 3% flat personal income tax rate in this state. If you are an LLC or "S" corporation you pay an additional 1.5% tax so as a business owner I get to pay 50% more in state income tax than an employee pays. Larger corporations pay 7.3% income tax in Illinois. Link to comment Share on other sites More sharing options...
drnykterstein Posted April 8, 2010 Share Posted April 8, 2010 I can't believe this stupid schit was left standing after this stupid, ignorant post. Who "owns" public corporations and where do the profits go? Who pays taxes on the profits? Figure this one out Conner and you may understand why most people here make fun of your high level of assmudgeonry. It's not really "making fun of" when you people have no idea what you are talking about. However you think you do, and that is the problem. Your post is a prime example. If I understand correctly you are implying that since publicly traded corporations don't pay taxes on their earnings? Is that what you are implying? I don't fully know what you are saying, and I don't think you do either. I should love to hear this. Link to comment Share on other sites More sharing options...
drnykterstein Posted April 8, 2010 Share Posted April 8, 2010 You said "Most major corporations don't pay any taxes" you ignorant squirrel. Go ahead and define the population yourself then and provide the appropriate support for the claim. Population will just be defined as "corporations" then. "major corporations" is open to too much interpretation. I'm unable to to provide further granularity in the definition. So .. proof, and admittance of error on your part? Link to comment Share on other sites More sharing options...
DC Tom Posted April 8, 2010 Share Posted April 8, 2010 Population will just be defined as "corporations" then. "major corporations" is open to too much interpretation. I'm unable to to provide further granularity in the definition. So .. proof, and admittance of error on your part? I actually feel kind-of bad for you. You're truly missing out on great comedy. You don't even realize how hilarious your posts are. Link to comment Share on other sites More sharing options...
KD in CA Posted April 8, 2010 Author Share Posted April 8, 2010 Population will just be defined as "corporations" then. "major corporations" is open to too much interpretation. I'm unable to to provide further granularity in the definition. So .. proof, and admittance of error on your part? WHAT??? Your own statement is open to too much interpretation -- by you??? Go ahead pinhead. Prove that: Most major corporations don't pay any taxes either. We'll wait... Link to comment Share on other sites More sharing options...
erynthered Posted April 8, 2010 Share Posted April 8, 2010 WHAT??? Your own statement is open to too much interpretation -- by you??? Go ahead pinhead. Prove that: We'll wait... Fu#%ing amazing!! simply amazing. connor, dude. Seek fuking help, NOW!! Link to comment Share on other sites More sharing options...
John Adams Posted April 8, 2010 Share Posted April 8, 2010 Fu#%ing amazing!! simply amazing. connor, dude. Seek fuking help, NOW!! He didn't make it into this many signatures by accident. Link to comment Share on other sites More sharing options...
Dante Posted April 8, 2010 Share Posted April 8, 2010 That's because originally the tax system was incorrectly done. Had there always been a flat tax, there wouldn't be big winners and losers once the "new flat tax" would switch the old method. The real argument is economists favorite which is the marginal benefit of one extra dollar by a wealthy person in comparison to a poor person. Of course I don't subscribe to this argument since I live in a country where you're taxed to death. I feel for you meazza. I "escaped" from Ontario 10 years ago thinking it was a little more free here only to have Obama thrown in my face. WTF? Now going to have to convince the wife and family to move the business too Singapore or New Zealand. Crap! Link to comment Share on other sites More sharing options...
drnykterstein Posted April 8, 2010 Share Posted April 8, 2010 connor, dude. Seek fuking help, NOW!! Bluesky, seek knowledge, Now! WHAT??? Your own statement is open to too much interpretation -- by you??? Go ahead pinhead. Prove that: We'll wait... :shrug: whatever. Ok first you'll have to forgive me one sin. After looking it up, it was GE that paid no taxes, not GM. You'll have to excuse me for mixing up the two names. Well here is the big study http://www.huffingtonpost.com/2008/08/12/r...a_n_118455.html http://dealbook.blogs.nytimes.com/2008/08/...ing-income-tax/ (Link to the full study) http://www.gao.gov/new.items/d08957.pdf And then additionally here is a recent article on a few of the larger corporations that pay disproportionately low tax rates. GE is the big one, and then I think Bank of America and Wells Fargo I believe are two other big fish that didn't pay any taxes last year. http://finance.yahoo.com/taxes/article/109...es-pay-in-taxes I believe 68% counts as "most". Link to comment Share on other sites More sharing options...
3rdnlng Posted April 8, 2010 Share Posted April 8, 2010 Bluesky, seek knowledge, Now! :shrug: whatever. Ok first you'll have to forgive me one sin. After looking it up, it was GE that paid no taxes, not GM. You'll have to excuse me for mixing up the two names. Well here is the big study http://www.huffingtonpost.com/2008/08/12/r...a_n_118455.html http://dealbook.blogs.nytimes.com/2008/08/...ing-income-tax/ (Link to the full study) http://www.gao.gov/new.items/d08957.pdf And then additionally here is a recent article on a few of the larger corporations that pay disproportionately low tax rates. GE is the big one, and then I think Bank of America and Wells Fargo I believe are two other big fish that didn't pay any taxes last year. http://finance.yahoo.com/taxes/article/109...es-pay-in-taxes I believe 68% counts as "most". What do the corporations do with all the money that they make and don't pay taxes on? Link to comment Share on other sites More sharing options...
DC Tom Posted April 8, 2010 Share Posted April 8, 2010 Bluesky, seek knowledge, Now! :shrug: whatever. Ok first you'll have to forgive me one sin. After looking it up, it was GE that paid no taxes, not GM. You'll have to excuse me for mixing up the two names. Well here is the big study http://www.huffingtonpost.com/2008/08/12/r...a_n_118455.html http://dealbook.blogs.nytimes.com/2008/08/...ing-income-tax/ (Link to the full study) http://www.gao.gov/new.items/d08957.pdf And then additionally here is a recent article on a few of the larger corporations that pay disproportionately low tax rates. GE is the big one, and then I think Bank of America and Wells Fargo I believe are two other big fish that didn't pay any taxes last year. http://finance.yahoo.com/taxes/article/109...es-pay-in-taxes I believe 68% counts as "most". One of these days you're going to read something before you link to it, and the rest of us will die from shock. 68% would count as "most", except that the GAO study shows that only 3% of domestically-owned US corporations didn't pay taxes, over an eight year span. I'm pretty sure 3% does not count as "most", even though it's "open to interpretation". Link to comment Share on other sites More sharing options...
DC Tom Posted April 8, 2010 Share Posted April 8, 2010 What do the corporations do with all the money that they make and don't pay taxes on? Make a great big pile out of it and roll in it, then use it to exploit consumers. Link to comment Share on other sites More sharing options...
erynthered Posted April 8, 2010 Share Posted April 8, 2010 Make a great big pile out of it and roll in it, then use it to exploit consumers. Then move in with all the black folk in Iceland. Link to comment Share on other sites More sharing options...
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