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Caesars went bankrupt because the private equity firms that bought it loaded it up with a ridiculous amount of debt under the assumption that gaming revenues would never fall. It's capital structure is not indicative of whether or not the economy has fully recovered.
I'm confused. How did this happen with a Democrat in the White House who cares so much about the poor and the middle class?
Your forgetting that the floor is falling because the ceiling is rising.
No, the floor is falling because Americans lose up to 60% of their income to the government. Not just from taxes, either. Things like Obamacare too. What's the point of the government raising minimum wage so that a handful of people can walk away with an extra $100 in their monthly paycheck, if you're going to force them to spend $200 a month on health insurance they neither want nor need?
So a couple making $50K/yr loose $25K/yr to the government? Sure.
I understand that your capital controls and wage and price controls will fail miserably, as they do all around the world.
Your forgetting that the floor is falling because the ceiling is rising.
No, the floor is falling because Americans lose up to 60% of their income to the government. Not just from taxes, either. Things like Obamacare too. What's the point of the government raising minimum wage so that a handful of people can walk away with an extra $100 in their monthly paycheck, if you're going to force them to spend $200 a month on health insurance they neither want nor need?
So a couple making $50K/yr loose $25K/yr to the government? Sure.
The exact amount depends on the state and individual circumstances. As you'll note, said up to 60% of their income.
Add up the federal, state, and local income taxes. Also add in payroll taxes. Then, add sales taxes. Don't forget about those surcharge taxes on your cable and phone bills. Add excises, like gas taxes and sin taxes. Finally, add in government mandates spending, such as the health insurance mandate. And we haven't even begun to touch property taxes.
The result is up to 60% of the money you earned over the course of a year goes to the government in the form of taxation, or is forced out of your possession by mandate.
yes dear to avoid taxes our corporations and jobs move off shore. Its as stupid as most liberal policies.
yes dear to avoid taxes our corporations and jobs move off shore. Its as stupid as most liberal policies.
No, companies move off-shore to deduct earning in the US they never paid taxes.
Example: Apple buys iPhone's in China from off-shore accounts. The cost of the iPhone's is deducted from US taxes. It's a bottom line increase.
yes its true easily expecially when you count all the hidden taxes, sales inflation phone mortgage gas local state county etc etc
Doesn't that reduce federal taxes?
yes its true easily expecially when you count all the hidden taxes, sales inflation phone mortgage gas local state county etc etc
Aren't State and local taxes deductible from the federal form? Doesn't that reduce federal taxes?
Why don't you post your effective federal tax rate for 2013 so we can see. Mine was 4%.
Why don't you just say kill all the jobs and sink us into a depression that will dwarf the 1930s?
I'm confused. How did this happen with a Democrat in the White House who cares so much about the poor and the middle class?
100% stupid and liberal. No offshore oil exploration? No factories in China so Iphones made here? Instant Hawley Smoot trade war and instant depression which once again shows you the IQ of liberals. Stupid beyond words!
Why don't you just say kill all the jobs and sink us into a depression that will dwarf the 1930s?
Why would it kill jobs when cost of employees and taxes drops 50%? Plus every person in the city receives a HUGE raise. Wouldn't that effect/affect a small businesses bottom line?
disallow any further off-shore investments.
.
100% stupid and liberal. No offshore oil exploration? No factories in China so Iphones made here? Instant Hawley Smoot trade war and instant depression which once again shows you the IQ of liberals. Stupid beyond words!
Caesars went bankrupt because the private equity firms that bought it loaded it up with a ridiculous amount of debt under the assumption that gaming revenues would never fall. It's capital structure is not indicative of whether or not the economy has fully recovered.
Bullshit. Caesars went bankrupt because they never recovered from 2008.
1. Caesars never got their customers back from pre-2008.
2. The moronic mergers OK'd by the BushCo SEC killed them.
3. Caesars lost almost all of their whales to Wynn and LVSands.
The exact amount depends on the state and individual circumstances. As you'll note, said up to 60% of their income.
Add up the federal, state, and local income taxes. Also add in payroll taxes. Then, add sales taxes. Don't forget about those surcharge taxes on your cable and phone bills. Add excises, like gas taxes and sin taxes. Finally, add in government mandates spending, such as the health insurance mandate. And we haven't even begun to touch property taxes.
The result is up to 60% of the money you earned over the course of a year goes to the government in the form of taxation, or is forced out of your possession by mandate.
I understand that your capital controls and wage and price controls will fail miserably, as they do all around the world.
Except wage and price controls that have been tried before change numbers. My net numbers don't change, the numbers move to different columns which benefit workers and small business.
No factories in China. Why not?
No factories in China. Why not?
thats great for American workers but horrible for American consumers. No net benefit is possible. Do you understand?
THe concern for workers over consumers is 100% stupid. Do you grasp the concept?
