- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Andrew Yang on Google, Amazon helping pay for his $1,000-per-month UBI plan
Posted on 8/20/19 at 11:46 am to BBONDS25
Posted on 8/20/19 at 11:46 am to BBONDS25
quote:
BBONDS25
I knew you’d be here with your sky screaming: ITS NOT A CORPORATE DIVIDEND. IF I DECLARED A DIVIDEND WITH THE FINANCIALS OF THE US GOVT ID BE IN JAIL!!!!!!!!!!!!
1
Posted on 8/20/19 at 11:53 am to OleWarSkuleAlum
Calm down, Frances. Nobody goes to jail for issuing an illegal dividend. It only causes personal liability. Everyone except you and yang know that.
I’m just pointing out that your guy is ignorant. This thread is another glaring example. Sorry you back an idiot.
I’m just pointing out that your guy is ignorant. This thread is another glaring example. Sorry you back an idiot.
This post was edited on 8/20/19 at 11:55 am
Posted on 8/20/19 at 11:55 am to OleWarSkuleAlum
quote:Apparently Yang does not know the difference between Gross revenue and profits.
Amazon is [a $1 trillion] company that literally paid zero in taxes last year, and that's not unusual. They routinely pay zero or near zero in taxes," Yang told the Times.
Posted on 8/20/19 at 1:01 pm to SlidellCajun
quote:
Here’s the thing:
We already have state sales taxes. Oh... and most states have an income tax too. Many also have property taxes too. And hotel and car rental and event taxes... And an income tax by the feds. We are hit on so many levels, it’s insane and totally unfair.
But Trade off a federal income tax for a federal sales tax and I’m down.
Here’s what’ll happen though. Just like in Europe, we’ll get a sales tax and we’ll keep the income tax.
Vat taxes are sneaky though. I’d rather an add on sales tax done at the register.
I don't disagree, but much like with the Fed and interest rates, in this age of globalization, what other countries do impacts us. Which was my point.
Posted on 8/20/19 at 1:25 pm to Bard
quote:
Finland.
Ontario, Canada.
The US (see: Negative Income Tax Experiment).
none of those are UBI. They all went to a targeted segment of the population, and were not Universal.
I wrote about why the Finland experiment was not UBI. The Negative income tax is not universal, it is means tested, as you have to have very little income.
The Ontario experiment failed because it required a 50% income tax on anything you earn on top of the UBI.
None of these pilot programs represent what UBI is.
Posted on 8/20/19 at 1:40 pm to NikolaiJakov
quote:
I'll never support a VAT until the 16th amendment is repealed.
After that, VAT away
Full disclosure : I'm 100% for the FairTax
I used to be this way, but at this point I think it's practical.
Posted on 8/20/19 at 2:16 pm to Jjdoc
quote:
Amazon needs to pay taxes, but we don't need UBI
Amazon needs to exercise the tax code to the best of its ability. Amazon is not to blame here.
I'd much rather scrap this Yang bullshite and just keep 12k more of my taxes every year. Problem solved.
Posted on 8/20/19 at 2:18 pm to OleWarSkuleAlum
Anyone catch his dance step performance at the middle aged women's aerobics class? Real impact this guy makes.
Posted on 8/20/19 at 2:40 pm to Taxing Authority
quote:
Apparently Yang does not know the difference between Gross revenue and profits.
He has a point though and defending this kind of shite is a losing stance for republicans when the middle class pays more in taxes than trillion dollar companies.
Posted on 8/20/19 at 2:48 pm to DallasTiger11
First...a middle class taxpayer is not paying anywhere close to as much as a “trillion dollar company” in taxes. Second, which section of the tax code, specifically, do you find to be the issue? Your post is one hundred percent based upon emotion.
Posted on 8/20/19 at 2:49 pm to BBONDS25
quote:
First...a middle class taxpayer is not paying anywhere close to as much as a “trillion dollar company” in taxes. Second, which section of the tax code, specifically, do you find to be the issue? Your post is one hundred percent based upon emotion.
Entire tax code needs to go and be replace with H.R. 25
Posted on 8/20/19 at 2:50 pm to OleWarSkuleAlum
quote:
quote:
"I'm happy to say that I have hundreds of techies who support me on this. They're not all a--holes," Yang said.
Yang said some of these supporters are people who work for big companies such as Google and Amazon. In fact, the Yang campaign has a list of technology leaders it says have pledged $1,000 or more to the campaign it calls the Tech 1,000. Yang's campaign says the list includes Twitter and Square founder Jack Dorsey, Open AI CEO Sam Altman, Zappos CEO Tony Hsieh and Google product management director Scott Johnston.
quote:
"Amazon is the most prominent example. Amazon is [a $1 trillion] company that literally paid zero in taxes last year, and that's not unusual. They routinely pay zero or near zero in taxes," Yang told the Times. Amazon, which currently has just over a $900 billion market cap, paid $0 in U.S. federal income tax on more than $11 billion in profits before taxes in 2018 and received a $129 million tax rebate from the federal government.
"Companies like Facebook, Amazon, Twitter, and Google are the clear winners in this economy right now and yet they aren't paying much in taxes, so a VAT would hit them harder and force them to pay their fair share," Yang campaign spokesperson Madalin Sammons tells CNBC Make It.
LINK
Let the hand wringing begin. These mega-tech corporations pay nothing to at most pennies in taxes. We can easily institute a VAT and fund UBI.
Google and Amazon and Facebook are going to pay for a $4 trillion/year program all on their own?
Posted on 8/20/19 at 2:51 pm to OleWarSkuleAlum
quote:
Entire tax code needs to go and be replace with H.R. 25
Not opposed to this. Even as a tax attorney. However, I doubt your boy is for it. You do know it expands the tax base immediately, right?
Posted on 8/20/19 at 2:56 pm to BBONDS25
quote:
You do know it expands the tax base immediately, right?
Tax base should be expanded. The 50% who don’t pay taxes should and people like Ben mallah who 1031 their entire life should pay their share as wel.
Posted on 8/20/19 at 3:02 pm to SlidellCajun
quote:you would be paying the vat tax at the register as well, the consumer is who ultimately pays it, everyone else just passes it to you
Vat taxes are sneaky though. I’d rather an add on sales tax done at the register
Posted on 8/20/19 at 3:17 pm to OleWarSkuleAlum
350,000,000 people times 12 month a year times 1000 a month is 4.2 trillion dollars per year.
Even if you only give it to the bottom half of the population it's still 2.1 trillion dollars per year.
Google makes roughly 100 billion ( LINK) in revenue a year total and Amazon around 200 billion ( LINK) in revenue. Not profit. Revenue.
So if we do $1000 a month UBI for the bottom half of the citizens of the country and Amazon and Google both donate the entirety of all of their revenue streams for the year the US gov still has to come up with 2 trillion dollars per year.
Even if you only give it to the bottom half of the population it's still 2.1 trillion dollars per year.
Google makes roughly 100 billion ( LINK) in revenue a year total and Amazon around 200 billion ( LINK) in revenue. Not profit. Revenue.
So if we do $1000 a month UBI for the bottom half of the citizens of the country and Amazon and Google both donate the entirety of all of their revenue streams for the year the US gov still has to come up with 2 trillion dollars per year.
This post was edited on 8/20/19 at 3:21 pm
Posted on 8/20/19 at 5:12 pm to Nguyener
quote:
350,000,000 people times 12 month a year times 1000 a month is 4.2 trillion dollars per year.
The UBI only goes to citizens over 18, so you're starting off overstating by 200 million people. It is still around 2 trillion annually though.
Posted on 8/20/19 at 5:14 pm to BlackAdam
All I wanna know is why only $1k per month? Why not $3k per month?
I’ve been wondering if that question has been posed to Yang yet.
I’ve been wondering if that question has been posed to Yang yet.
Posted on 8/20/19 at 5:19 pm to Magician2
quote:
All I wanna know is why only $1k per month? Why not $3k per month?
Makes sense to me. Would $3,000 create 6 million jobs?
Posted on 8/20/19 at 5:29 pm to BlackAdam
Seems like that’s his logic haha
Page 3 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News