"flat tax hurts lower income people more" | Page 7 | TigerDroppings.com
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tigernchicago
LSU Fan
Illinois
Member since Sep 2003
4079 posts

re: "flat tax hurts lower income people more"

quote:


Equality will nevet happen




if we can just agree on this we can stop right here and be done with all of it.


I am all for equal opportunity.

I am ALL AGAINST equal results.

Equal results will devolve into poverty and no freedomn for all.


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Antonio Moss
LSU Fan
Baton Rouge
Member since Mar 2006
30374 posts

re: "flat tax hurts lower income people more"
quote:

I'd cut the corporate rate to 0.


Nah. Most corporations are small businesses. This would allow the business owner to live off his business profit with no tax liability. Most owners don't pay themselves a salary.


WildTchoupitoulas
RA:18h 49m 59.0s, dec:-8° 33' 55.3"
Member since Jan 2010
18890 posts

re: "flat tax hurts lower income people more"
quote:

This would allow the business owner to live off his business profit with no tax liability

Capital gains?


NC_Tigah
LSU Fan
Carolinas
Member since Sep 2003
58275 posts

re: "flat tax hurts lower income people more"
quote:

Nah. Most corporations are small businesses. This would allow the business owner to live off his business profit with no tax liability.
How would that work exactly?


WildTchoupitoulas
RA:18h 49m 59.0s, dec:-8° 33' 55.3"
Member since Jan 2010
18890 posts

re: "flat tax hurts lower income people more"
quote:

How would that work exactly?

Thinking of incorporating, NC?



I will be later this year.


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Antonio Moss
LSU Fan
Baton Rouge
Member since Mar 2006
30374 posts

re: "flat tax hurts lower income people more"
quote:

Capital gains?


Not even Capital Gains. Corporations can buy anything that people can. You would just have to open a credit card in the businesses name and put all your possessions in the name of the company to avoid liability.


real
LSU Fan
Dixieland
Member since Oct 2007
13272 posts

re: "flat tax hurts lower income people more"
I'm glad more and more states are looking to drop income tax and raise sell taxes. Lets all pay.!
shite I figure with Jindal doing this and destroying Medicade maybe many of those 47%'s will seek out states they can get more freebies and leave Louisiana.
This post was edited on 3/17 at 5:08 pm


ironsides
LSU Fan
Nashville, TN
Member since May 2006
7356 posts

re: "flat tax hurts lower income people more"
States would rather the income tax than the sales tax because they a) don't want you to spend money in another state, b) don't want you to save - they want you to buy.


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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
24878 posts

re: "flat tax hurts lower income people more"
quote:

You would just have to open a credit card in the businesses name and put all your possessions in the name of the company to avoid liability.
NO! That's a good way to wind up in the Federal Pen or at least a massive bill for back taxes.


NC_Tigah
LSU Fan
Carolinas
Member since Sep 2003
58275 posts

re: "flat tax hurts lower income people more"
quote:

NO! That's a good way to wind up in the Federal Pen or at least a massive bill for back taxes.
Yeah.
I'm thinking a Cayman "Mailbox Corporation" might be a better idea


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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
17352 posts

re: "flat tax hurts lower income people more"
quote:

Nah. Most corporations are small businesses. This would allow the business owner to live off his business profit with no tax liability. Most owners don't pay themselves a salary.
You couldn't be more wrong if you tried. Your ignorance of United States taxation of corporations and shareholders is near complete.


S.E.C. Crazy
Alabama Fan
Alabama
Member since Feb 2013
7905 posts

re: "flat tax hurts lower income people more"
By keeping the poor on the Gov. dole they can brainwash them on the social issues with : leverage"
Thats what its all about.


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TxTiger82
Wisconsin Fan
Madison, WI
Member since Sep 2004
25910 posts

re: "flat tax hurts lower income people more"
quote:

Does anyone actually believe this idiotic statement warrants any kind of fricking merit against the fairest tax system out there?


It isn't so idiotic if you think about the remaining proportion of income available as purchasing power. Of course, the point about 47% free riding the system is also a good one.


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ChineseBandit58
LSU Fan
west of the pines
Member since Aug 2005
12085 posts
Online

re: "flat tax hurts lower income people more"
I think there should be a head tax in addition to the flat tax. Maybe the head tax should be proportional to the national debt. Just something to remind everyone - ESPECIALLY those whose votes are being bought by entitlements - that THEY, as a nation, are responsible for paying that off.

Yes, that would have an impact on the poor more than it would the rich - good. The impact doesn't have to be too severe, but it should be enough to make the thought come to their minds.

EVERYONE should help fund the cost of government. That is the only way to combat the '47% who just don't give a shite about taxes' = gimmee my obamaphone.


ironsides
LSU Fan
Nashville, TN
Member since May 2006
7356 posts

re: "flat tax hurts lower income people more"
Flat tax is fair. The person receiving benefits should also be paying back into the system.


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Antonio Moss
LSU Fan
Baton Rouge
Member since Mar 2006
30374 posts

re: "flat tax hurts lower income people more"
quote:


You couldn't be more wrong if you tried. Your ignorance of United States taxation of corporations and shareholders is near complete.


We're talking about the hypothetical zero rate corporate tax, not how it currently stands today. and I'm not referring to shell corps, I'm referring to legitimate businesses where the owner would just funnel everything through the business - cars, meals, etc. it already fairly easy to justify these things as "business expenses" and without a serious threat of audit, it would only get worse


ironsides
LSU Fan
Nashville, TN
Member since May 2006
7356 posts

re: "flat tax hurts lower income people more"
What about taxing the corporation but not the dividend?


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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
17352 posts

re: "flat tax hurts lower income people more"
Do you know what an S corporation is? It is a corporation that pays no tax, but passes all of its income through to the shareholders. The shareholders pay individual income tax on their respective shares of S corporation income. Audits of S corporations are rather common as the IRS specifically looks for personal expenses of the shareholders being claimed as business expenses.


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CaptainBrannigan
Auburn Fan
Sweater-Vest Swag
Member since Jan 2010
8623 posts

re: "flat tax hurts lower income people more"
quote:

"flat tax hurts lower income people more"


Truth

quote:

Does anyone actually believe this idiotic statement warrants any kind of fricking merit against the fairest tax system out there?


define "fair"


NC_Tigah
LSU Fan
Carolinas
Member since Sep 2003
58275 posts

re: "flat tax hurts lower income people more"
quote:

Truth
How so.


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