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Started By
Message
re: Make tax code friendlier to stop business inversion? Surely you jest
Posted on 9/8/14 at 12:11 pm to Taxing Authority
Posted on 9/8/14 at 12:11 pm to Taxing Authority
quote:
quote:Not just one year, but most of it was in one year after the 1986 reform. Dude... you might want to learn something about how AGI was determined in those years.
Here. I have to go so don't have time to wait and see what exactly you are laughing at:
quote:
In 1984, the top one percent of income earners received 8.4% of national income, while in 1989 it increased to 13.5%. The effect of the 1986 reform on this shift has been subjected to several economic studies.
LINK
The link to the first page of the study notes that the benchmark was 1984 and 1989. TFA of 1986 was the primary factor of the income shift.
1
Posted on 9/8/14 at 12:13 pm to Taxing Authority
quote:
And a slim majority pays almost the entire bill.
shite, I dunno about that. I'm not a 1%er, but I pay an assload every year. Tens of thousands.
Posted on 9/8/14 at 12:14 pm to weagle99
weagie-
So you're suggesting the solution to preventing inversion is to make it easier to invert?
So you're suggesting the solution to preventing inversion is to make it easier to invert?
Posted on 9/8/14 at 12:14 pm to SpidermanTUba
quote:
So you're suggesting the solution to preventing inversion is to make it easier to invert?
You really dont get it, do you?
Posted on 9/8/14 at 12:19 pm to Tiger n Miami AU83
quote:Indeed...
The link to the first page of the study notes that the benchmark was 1984 and 1989. TFA of 1986 was the primary factor of the income shift.
quote:
The most significant revisions, expanding the definition of AGI, came in the Tax Reform Act of 1986 (TRA86). Among these revisions were the full inclusion of long-term capital gains (previously, 40 percent was included in the AGI, and before 1979, 50 percent had been included). TRA86 also imposed limits on "passive losses" that would be allowed in calculating AGI. It changed moving expenses and unreimbursed employee business expenses from income "adjustments" to itemized deductions.
And...
quote:
The Economic Recovery Tax Act of 1981 (ERTA) and TRA86 both substantially revised the depreciation schedules, with ERTA liberalizing the deductions and TRA86 tightening them. Consequently, a given amount of business profits (as measured for the company’s records) contributed less to AGI in the early 1980s than it did after 1986.
Posted on 9/8/14 at 12:20 pm to Tiger n Miami AU83
quote:
I pay an assload every year. Tens of thousands.
Posted on 9/8/14 at 12:23 pm to Tiger n Miami AU83
quote:How EXACTLY did that work again, tax genius sir?
Also, the GOP was able to successfully shift income to the top 1% rather dramatically in just one year. Their 1986 reform package did a lot to get us to where we are now in that regard when it shifted 5.1% of all U.S. income to the top 1%.
Posted on 9/8/14 at 12:25 pm to CptBengal
quote:
You really dont get it, do you?
Of course he doesn't. Never has. Never will.
Posted on 9/8/14 at 12:35 pm to Tiger n Miami AU83
quote:Dude, you've said you're smarter than tax lawyers, and a sought-after authority on international taxation. Yet you're not a 1%'er.
shite, I dunno about that. I'm not a 1%er
Seriously?
There must be a mistake.
Sounds like you are getting totally hosed by your firm.
This post was edited on 9/9/14 at 9:03 am
Posted on 9/8/14 at 1:25 pm to SpidermanTUba
quote:
So you're suggesting the solution to preventing inversion is to make it easier to invert?
:notsureifseriousorjustrolling:
Posted on 9/8/14 at 1:57 pm to Tiger n Miami AU83
quote:
Especially when talking about the 49% that don't pay anything.
You are bringing up half the argument.
That became an issue when the talking point became asking more from the top earners so as to pay their "fair share."
Posted on 9/8/14 at 3:08 pm to weagle99
quote:
Never a thought as to why these companies are leaving and how to make the US a more business friendly environment, apparently.
All money belongs to government.
Seems the government solution to any problem is creating a negative consequence versus a positive incentive.
Instead of telling business why they shouldn't go over seas, encourage them to stay by offering incentives.
Problem is, business have been demonized for so long, no one views them as a positive anymore. Instead of being associated with growth, jobs, etc... they have become synonymous with evilness, greed and negativity.
Posted on 9/9/14 at 8:51 am to Wtodd
quote:
what other administration tried to fix the corporate tax structure?
Not sure if this is a serious comment....? How does the poor performance of previous administrations (both sides) on this subject justify an even worse performance by this one? Are you just trying to change the subject
Posted on 9/9/14 at 9:04 am to dcrews
quote:
Seems the government solution to any problem is creating a negative consequence versus a positive incentive.
Instead of telling business why they shouldn't go over seas, encourage them to stay by offering incentives.
Problem is, business have been demonized for so long, no one views them as a positive anymore. Instead of being associated with growth, jobs, etc... they have become synonymous with evilness, greed and negativity.
Keep voting Democrat, America !
We are almost there !
Posted on 9/9/14 at 9:25 am to dcrews
quote:
Seems the government solution to any problem is creating a negative consequence versus a positive incentive.
Instead of telling business why they shouldn't go over seas, encourage them to stay by offering incentives.
Problem is, business have been demonized for so long, no one views them as a positive anymore. Instead of being associated with growth, jobs, etc... they have become synonymous with evilness, greed and negativity.
100% correct.
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