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Started By
Message
re: RE: corporate tax cuts
Posted on 11/21/17 at 3:36 pm to BlackHelicopterPilot
Posted on 11/21/17 at 3:36 pm to BlackHelicopterPilot
quote:
You incentivize that which you want more of, no?
So you are for activist government that picks winners and losers.....so long as your team is doing the picking?
1
Posted on 11/21/17 at 3:56 pm to Jay Quest
quote:
Any income paid out to individuals is subjected to income tax but retained earnings is also subjected to a tax
So would you say that S Corps are more or less taxed like people? Since they are pass through?
And we can agree that there is a lack of incentive to hold RE in an S Corp?
Contrast that with a C Corp, which has more leeway in its distribution of earnings, but has that major drawback of double taxation.
Posted on 11/21/17 at 4:00 pm to KiwiHead
No.
I didn’t set up the equivalence and I don’t rewrite other posters points.
You just did reductio ad absurdum and I reject that.
I didn’t set up the equivalence and I don’t rewrite other posters points.
You just did reductio ad absurdum and I reject that.
Posted on 11/21/17 at 4:02 pm to Jay Quest
quote:
retained earnings is also subjected to a tax.
Retained earnings are in an S Corp are taxed the same as ordinary earnings.
Posted on 11/21/17 at 4:04 pm to Haughton99
quote:
LOL. That's where you are wrong. I am the owner of a quite successful LLC myself. I somehow survive due to hard/smart work and haven't let the heavy weight of massive taxes smush me yet.
Do you want to pay more taxes or less?
Posted on 11/21/17 at 4:07 pm to BugAC
quote:
Do you want to pay more taxes or less?
Lower taxes won't cause me to hire more people. I can promise you that.
Posted on 11/21/17 at 4:13 pm to Haughton99
Are you seriously comparing your small business to a publicly traded company?
Posted on 11/21/17 at 4:24 pm to OceanMan
quote:
Are you seriously comparing your small business to a publicly traded company?
No. Any other easy questions?
Posted on 11/21/17 at 4:29 pm to Haughton99
As long as you aren't serious, no more questions
Posted on 11/21/17 at 4:31 pm to HeyHeyHogsAllTheWay
quote:
If you were a member of Congress would you insist that any corporate tax cuts would be contingent on each company proving that they are investing those savings in hiring more people/better wages?
I would, sorry I don't just trust that corporate fat fricks would do the right thing.
yep, make the desired rate only accessible through wage increases for entry to mid level jobs, through hiring new people or some combination.
at 20 percent, close loopholes and give them the lower rate if they actually give back to middle class and not share holders and buybacks that raise the price of their stocks.
Posted on 11/21/17 at 4:33 pm to HeyHeyHogsAllTheWay
quote:
Of course not, more likely they will put in a bank which does the overall economy zero good, but more importantly is not doing what they have said they would do.
Bolded might be the dumbest thing ever typed if you were serious.
Posted on 11/21/17 at 4:38 pm to Cruiserhog
quote:
yep, make the desired rate only accessible through wage increases for entry to mid level jobs, through hiring new people or some combination.
The left would love that, they'd get to micromanage a business and hire about 100,000 new IRS agents to administer the program.
quote:
at 20 percent, close loopholes and give them the lower rate if they actually give back to middle class and not share holders and buybacks that raise the price of their stocks.
Give to the middle class???????????
Geez, what kind of economic crap is that?
Posted on 11/21/17 at 4:53 pm to HeyHeyHogsAllTheWay
The Koch brothers plunder the rubes again.
Can't wait for the next con-man to win the Republican nomination in 8 years who claims to have been against this.
Can't wait for the next con-man to win the Republican nomination in 8 years who claims to have been against this.
Posted on 11/21/17 at 5:03 pm to geauxtigs999
quote:
The Koch brothers plunder the rubes again.
ugh
Let me see if I have this right:
Fed Gov does NOT take money from Americans and those Americans do not spend it in the 'stated way'...."plunder", "Rubes", "Conmen"
ORRRRR
Fed Gov DOES take money from Americans and Fed Gov does not do what it said it would...."let's elect MORE of these people who "care" about us"
silliness
Posted on 11/21/17 at 5:12 pm to BlackHelicopterPilot
The plunder is these people campaigned on a middle class tax cut and claimed to care about the deficit. The history on corporate tax cuts show mixed success, and corporations are already doing very well.
Posted on 11/21/17 at 5:14 pm to HeyHeyHogsAllTheWay
My business is a corporation, we have two employees, my wife and I. Not everyone who owns a corporation are flying around in private jets like congressmen.
If we were to be able to keep more of our money yes, I would invest in other things that would produce more tax revenue off of our investments.
If we were to be able to keep more of our money yes, I would invest in other things that would produce more tax revenue off of our investments.
Posted on 11/21/17 at 5:17 pm to Aristo
Sounds like you wouldn't get a tax cut under this plan.
Posted on 11/21/17 at 5:38 pm to BlackHelicopterPilot
when you post absurdly you get a reduction to the absurd. Now if you would have said quid pro quo, now we are talking. Because government will incentivize those that pay them back, thus incentives for the health insurance industry under ACA and corporations like HCA. They get government welfare from Medicare and Medicaid
On a local level, we give welfare to Louisiana dairy farmers which is why you pay more for a gallon of milk in Louisiana vs Mississippi or Alabama or Tennessee. Hell the feds pay them not to produce.....I understand the reasoning, I don't like it.
To the larger point, if corporations want a tax cut and they say the tax rates are making it hard to do business, then I would as a politician ask for something in return especially with the repatriated monies that they cry about so much that they invest in the United States and not be so adverse to increasing the pay of their hourly workers. Because in case you did not know it or care to see it, when adjusted for inflation many skilled hourly workers really have not had much of an increase when you adjust for inflation in 20 years if not longer.
Also, any large corporation in the US that is paying the full tax rate, is probably not long for this world with all of the deductions available to them.....at best they pay under 12% . Many find ways to not pay greater than 5%. I don't feel for them.....and I made my money working for them over the years. Despite what they say, they very much love the current code....they wrote it.
I do agree the repatriation penalty is ridiculous.
On a local level, we give welfare to Louisiana dairy farmers which is why you pay more for a gallon of milk in Louisiana vs Mississippi or Alabama or Tennessee. Hell the feds pay them not to produce.....I understand the reasoning, I don't like it.
To the larger point, if corporations want a tax cut and they say the tax rates are making it hard to do business, then I would as a politician ask for something in return especially with the repatriated monies that they cry about so much that they invest in the United States and not be so adverse to increasing the pay of their hourly workers. Because in case you did not know it or care to see it, when adjusted for inflation many skilled hourly workers really have not had much of an increase when you adjust for inflation in 20 years if not longer.
Also, any large corporation in the US that is paying the full tax rate, is probably not long for this world with all of the deductions available to them.....at best they pay under 12% . Many find ways to not pay greater than 5%. I don't feel for them.....and I made my money working for them over the years. Despite what they say, they very much love the current code....they wrote it.
I do agree the repatriation penalty is ridiculous.
Posted on 11/21/17 at 5:39 pm to Haughton99
quote:Apparently you know neither how corporations work, nor how the economy works
There is a 0% chance that corporations are going to use the tax cuts to raise pay or hire workers.
Posted on 11/21/17 at 5:44 pm to KiwiHead
quote:
when you post absurdly you get a reduction to the absurd.
That is just silly.
quote:
Now if you would have said quid pro quo, now we are talking.
1. I didn't set up the parameter. The poster to whom I replied did.
2. My reply was in the form of a QUESTIN...was it not?
quote:
To the larger point, if corporations want a tax cut
Who doesn't?
quote:
and they say the tax rates are making it hard to do business,
I'm not advocating. But, it is reasonable to suggest that profitability is always good.
quote:
Because in case you did not know it or care to see it, when adjusted for inflation many skilled hourly workers really have not had much of an increase when you adjust for inflation in 20 years if not longer.
We have a tremendously greater lifestyle today than ever before. I remember, as a child, being excited to go to the school library and thumb through encyclopedias. Today, nearly every kid (including "poor" ones) have the world in their hands.
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