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Started By
Message
re: Morgan Stanley: "The Biden Tax Proposal: Answers to 5 Top Questions"
Posted on 4/27/22 at 3:00 pm to Loup
Posted on 4/27/22 at 3:00 pm to Loup
Corporations don't pay 21% and they definitely won't pay 28%. They'd go broke. They use the existing tax laws to depreciate and deduct everything under the sun. I don't blame them.
2
Posted on 4/27/22 at 3:01 pm to The Spleen
quote:
Oh yay! We haven’t had a thread in a while where middle class schmucks defend policies that disproportionately benefit the wealthy!
Yeah, raising corporate taxes that much definitely wouldn't impact the cost of every day items or force companies to cut jobs to squeeze margin.
Posted on 4/27/22 at 3:01 pm to The Spleen
quote:
Oh yay! We haven’t had a thread in a while where middle class schmucks defend policies that disproportionately benefit the wealthy!
Those darn wealthy need to pay their fair share!!! *shakes fists at the sky*
The middle class will take it right up the cornhole as always with these tax increases.
Posted on 4/27/22 at 3:02 pm to Mingo Was His NameO
quote:
making death a taxable event is just so absurd I don't even know where to start
I'm not sure there's anything else that would make our founding fathers more incensed should they rise from the dead and take a look at our country. There's a lot of things they'd hate, but holy shite they'd explode at that.
Posted on 4/27/22 at 3:03 pm to Mingo Was His NameO
quote:
Most people don't even realize that we pay the corporate taxes too
What?
quote:ahhh, its you, retard.
Mingo Was His NameO
Posted on 4/27/22 at 3:03 pm to JDPndahizzy
quote:
Corporations don't pay 21% and they definitely won't pay 28%.
And most individuals pay no income tax at all, and a shite load get money back in the way of refundable credits.
Corporations have to make a profit to remain a going concern, adding a surcharge on their earnings by way of a tax increase directly impacts consumers.
Posted on 4/27/22 at 3:03 pm to MrLSU
Isn't that old? I thought this was dead in the water for now?
Posted on 4/27/22 at 3:04 pm to The Spleen
quote:Oh yay! We haven’t had a post in 30 minutes where some deluded progressive demanded that more taxes need to be paid by anyone or everyone!
Oh yay! We haven’t had a thread in a while where middle class schmucks defend policies that disproportionately benefit the wealthy!
This post was edited on 4/27/22 at 3:05 pm
Posted on 4/27/22 at 3:06 pm to tgrmeat
quote:
Isn't that old? I thought this was dead in the water for now?
Much of TCJA sunsets in 2025 so it'll either have to be extended or things will revert to pre 2017
Posted on 4/27/22 at 3:07 pm to CatfishJohn
Yeah, I definitely remember when consumer rpices saw a sharp decline following the 2017 corporate tax cuts.
Posted on 4/27/22 at 3:08 pm to CatfishJohn
quote:
I'm not sure there's anything else that would make our founding fathers more incensed should they rise from the dead and take a look at our country. There's a lot of things they'd hate, but holy shite they'd explode at that.
In fairness, I don’t think they would necessarily see the wisdom in step up basis for assets, either
This post was edited on 4/27/22 at 5:35 pm
Posted on 4/27/22 at 3:09 pm to The Spleen
quote:
Yeah, I definitely remember when consumer rpices saw a sharp decline following the 2017 corporate tax cuts.
Do you remember the one time dividends to shareholders to distribute the increased cash?
Posted on 4/27/22 at 3:09 pm to tgrmeat
quote:
Isn't that old? I thought this was dead in the water for now?
Yes. OP's article
Posted on 4/27/22 at 3:14 pm to Mingo Was His NameO
Those dividends paled in comparison to the amount corporations used for stock buybacks.
Posted on 4/27/22 at 3:15 pm to fallguy_1978
quote:
Most people don't even realize that we pay the corporate taxes too
Paul Harvey was famous for saying this. However, it is true. Corporations do not pay taxes.
Posted on 4/27/22 at 3:16 pm to The Spleen
quote:
Those dividends paled in comparison to the amount corporations used for stock buybacks.
Oh so they don't count, got it.
And pimping deflation is retarded anyway.
This post was edited on 4/27/22 at 3:17 pm
Posted on 4/27/22 at 3:16 pm to OlGrandad
quote:
Paul Harvey
Miss that dude...
Posted on 4/27/22 at 3:29 pm to MrLSU
Green book
Posted on 4/27/22 at 3:34 pm to OlGrandad
(no message)
This post was edited on 4/27/22 at 5:26 pm
Posted on 4/27/22 at 3:37 pm to cahoots
quote:
Demand is elastic. There is no way that firms just pass every tax to the consumer.
Depends on the elasticity
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