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Message
re: Liberal Folks, Should We Tax the Rich?
Posted on 9/16/21 at 10:36 pm to Taxing Authority
Posted on 9/16/21 at 10:36 pm to Taxing Authority
quote:
I love the language we've adopted with taxes. They just "claimed" no profits. Not like they have auditors or anything. Not like IRS doesn't have folks in-house in corps like Amazon. They just "claimed" not to have any profits.
Using their logic, I "evade" taxes by depreciating my rental properties.
Alas, there's this little matter of what happens when I sell them!
0
Posted on 9/16/21 at 10:37 pm to wackatimesthree
quote:You listed the only other option as going out of business.
Despite the posts of the belligerent moron who wants people to believe he's got an MBA, that only woks if demand allows it.
quote:You shouldn't be calling anyone a moron.
You might actually lower prices in that same scenario to capture more market share and depend on selling more volume with a lower profit margin.
Your presumption of fully elastic price / demand along with margins sufficient to bear a sizable increase in taxes is silly. Few business have those types of markets nor margins. Definately not competitive ones. Posted on 9/16/21 at 10:37 pm to PizzaPie
quote:
But those geniuses think it's a loophole to not pay taxes if you don't have a profit
I think it's hilarious (and sad) that they rail against this group of companies, but then pass laws that won't even impact those same companies they are fighting against.
It's the most obvious signal that they really have no clue what they are trying to accomplish.
Posted on 9/16/21 at 10:39 pm to Taxing Authority
quote:
And you think that = not subject to taxes?
Are you retarded?
I have said in every post the corporate tax rate. There was no mystery about what I was referring to.
At this point I have to say goodnight to you two idiots.
I have to be at work in the morning at my own company, which very likely will earn more take home profit for me this year than what both of you make put together.
I started it myself, it's in its 16th year, it will earn me seven figures this year (profit), and never once in those 16 years did changes in the tax code cause me to change my prices. Nor did changes in the tax code cause anyone else to do so who can conceive of a business more complicated than a lemonade stand.
Posted on 9/16/21 at 10:40 pm to wackatimesthree
quote:You see. This is why it's dumb when people on a board such as this ask about someone else's education or background.
Despite the posts of the belligerent moron who wants people to believe he's got an MBA, that only woks if demand allows it.
You're just going to not believe it anyway. So, why ask? And, I already said no, I don't expect you to believe it. Why would you? This is an anonymous board.
That's why you asking was stupid. You weren't going to believe it, but if I didn't answer, you'd have used that as a gotcha too. Which, let's be frank, that's why you asked. It was heads you win, tails I lose. Childish.
Posted on 9/16/21 at 10:42 pm to Taxing Authority
quote:He took like two Econ classes...........and, as per typical of liberals, seems to talk as businesses operate in a vacuum where national policies somehow, don't affect their competitors.
You shouldn't be calling anyone a moron. Your presumption of fully elastic price / demand along with margins sufficient to bear a sizable increase in taxes is silly. Few business have those types of markets nor margins. Definately not competitive ones.
Posted on 9/16/21 at 10:42 pm to Taxing Authority
quote:
not pointed at you SportTiger... but general statement)...
I love the language we've adopted with taxes. They just "claimed" no profits. Not like they have auditors or anything. Not like IRS doesn't have folks in-house in corps like Amazon. They just "claimed" not to have any profits.
Funny you say that, because as I was typing that word I knew it wasn't the proper context...but I rolled with it.
Posted on 9/16/21 at 10:42 pm to wackatimesthree
quote:Why the hell would I "avoid the corporate tax rates" by shifting to my higher personal tax rate?
I have said in every post the corporate tax rate. There was no mystery about what I was referring to.
quote:Wise.
At this point I have to say goodnight to you two idiots.
quote:
I have to be at work in the morning at my own company, which very likely will earn more take home profit for me this year than what both of you make put together.
well given you personal rates don't seem to be higher than the corporate rate... I guessing you're wrong.This post was edited on 9/16/21 at 10:45 pm
Posted on 9/16/21 at 10:45 pm to wackatimesthree
quote:Dude. You're on an anonymous message board. Just stop it. Or hell, if you're gonna go all out, tell us about your Victoria's secret model wife, 13 inch dick, the time you single handedly led your HS football team to the state title and how you've solved world hunger if only people would listen!
I started it myself, it's in its 16th year, it will earn me seven figures this year (profit), and never once in those 16 years did changes in the tax code cause me to change my prices. Nor did changes in the tax code cause anyone else to do so who can conceive of a business more complicated than a lemonade stand.
Posted on 9/16/21 at 10:46 pm to SportTiger1
quote:
Funny you say that, because as I was typing that word I knew it wasn't the proper context...but I rolled with it.
common vernacular. Everyone uses it. Those that control the language control the argument. 
Posted on 9/16/21 at 10:46 pm to wackatimesthree
quote:
will earn more take home profit for me this year than what both of you make put together
Never do this. On the internet or IRL. It doesn't help your argument and only makes you look like a jackass. It's just not a good look
Posted on 9/16/21 at 10:48 pm to Taxing Authority
quote:Yeah
well given you personal rates don't seem to be higher than the corporate rate... I guessing you're wrong.
Didn't he say earlier that he's in a pass through entity?
My tax rate is higher than the current corporate tax rate. Hell, I think my high school kid's rate is higher!
OK. I exaggerate but sheesh
Posted on 9/16/21 at 10:50 pm to SportTiger1
quote:On the net, it's just so senseless.
Never do this. On the internet or IRL. It doesn't help your argument and only makes you look like a jackass. It's just not a good look
You can't prove it and, no one is going to believe you. So, why even say it?
Moreover, he hasn't the slightest idea what I or TA make. So, it's just so much noise. Besides. I make more $$ annually than everyone on this board put together!!!!
(see, just as valid)
Posted on 9/16/21 at 10:54 pm to Taxing Authority
quote:
Except that isn't the case. Especially with our monetary policy. The amount of money available is never fixed.
Which proves my point. When more supply is added the value decreases therfore needing MORE from the people have more.
Thanks
Posted on 9/16/21 at 11:03 pm to fjlee90
There’s a lot of wealthy Americans who are politically aligned with the American Marxist movement, I’m not sure why theses wealthy American Marxists don’t give up their wealth for their Marxist Utopian dream.
This post was edited on 9/16/21 at 11:04 pm
Posted on 9/16/21 at 11:25 pm to Bass Tiger
quote:
There’s a lot of wealthy Americans who are politically aligned with the American Marxist movement, I’m not sure why theses wealthy American Marxists don’t give up their wealth for their Marxist Utopian dream.
A clear majority of the truly wealthy support Democrats. Hell, BLM had Wall Street, the NBA and the NFL as title sponsors, and now look who's doing the heavy lifting for Biden's totalitarian state.
Thing is these assholes are as greedy as anybody, but they don't worry about onerous taxes coming down the pike because they can count on the Right to save them from having to live with the icky part of the politics they support/fund (read through this thread). Biden's rhetoric about taxing the rich to benefit the middle class is no different than his rhetoric about the open border being an economic win for the country. Biden intends to tax the rich/help the middle class like you intend to march with BLM.
Posted on 9/16/21 at 11:57 pm to wackatimesthree
quote:
Had you read the whole post in context I would have thought that would have been obvious, but you just saw the two words "fair share" and wet your pants.
You chose to write this.
quote:
Corporate income taxes are not a significant portion of the pie, relatively speaking. And not because corporations "don't pay their fair share," although they don't,
Had you not added those three words, the other poster probably wouldn't have responded to you.
You then chose not to answer his question and is why I asked you the same question.
Did you ride the short bus to school?
Posted on 9/17/21 at 12:23 am to boogiewoogie1978
quote:
Which proves my point. When more supply is added the value decreases therfore needing MORE from the people have more.
Thanks
So your whole philosophy is...the bottom group needs it, and the top group has it....so it's perfectly reasonable to take it from one to give to the other.
Hard work and responsibility be damned.
And then, in less than one generation from now, the "have nots" will be in the same situation they are now. This is not a money thing...its an effort thing.
Posted on 9/17/21 at 1:25 am to boogiewoogie1978
quote:It doesn’t.
Which proves my point.
quote:Thst wasn’t the rationality of your argument. Your argument was that the relative wealth of a tiny minority leaves less available opportunity for the remainder. That simply isn’t the case.
When more supply is added the value decreases therfore needing MORE from the people have more.
Yes, inflation amounts to a tax on “the poor” thst have significant savings — but if someone has significant cash savings… are they really “poor”? They probably aren’t poor. They’d need a isht load of cash-equivalent unproductive assets. And if one is holding those assets… well… monetary policy wouldn’t likely be their biggest problem.
Posted on 9/17/21 at 1:31 am to Bass Tiger
quote:They are “marxists” publicly in the hope that they wil be left alone. If you don’t toe the line, they show up at your house and harass you at your office. They’ll show at your annual stockholder meeting and cause trouble. It’s just good business.
There’s a lot of wealthy Americans who are politically aligned with the American Marxist movement, I’m not sure why theses wealthy American Marxists don’t give up their wealth for their Marxist Utopian dream.
People on the right never do that. Not even to Marxists. When was the last time you heard of an organized group showing up to protests CEO for being a marxist? It simply does not happen. Ever.
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