Jon
The CPA
as with the ''fair tax'' sanders, i could limit my spending and purchases....
Which is what you're doing now because you don't have that extra money in your pocket. What's the difference?
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
as with the ''fair tax'' sanders, i could limit my spending and purchases....
So what goes up for him? Gas, insurance, and his net profits go down.
Okay we are talking about a symantics here. I know that after p&l deductions on business taxes your taxed on the gross amount minus p&l. I just used the term "GROSS RECIEPTS" like I always do. Of course it means after expenses. i.e tavel, operating cost, whatever. So if I caused confusion then my apologies. Thats why I give this crap to my accountant. *laughs* However, my point was, not that to begin with, my point is, that the tax itself is really meaningless, it was to simply point out that when you tax a business, it will be passed along to the consumer in another form. Si in essence that middle class tax cut, is negated by the rise in taxes on the business and the wealthy.
the only alternative would be to tax us in the ''middle'' more individually....and i DO NOT agree with such....you can't keep cutting taxes and borrowing the money to do such without hurting the middle class....it devalues the dollar, which DOES AFFECT everyone, by giving us LESS BUYING POWER with our dollar....same thing as a price hike....6 or 1/2 dozen, it hurts the middle class who are already in a crunch, just to maintain a living...
I hope you people are smart enough to realize that when the rich get taxed more, they raise the cost of their goods and pay their employees less.
No, I don't make $250,000 a year, but my boss does. And I don't think he'd be happy with a...what was it - 12%, 18% - tax increase. You idiots see these charts that show Obama lowering all the taxes for "middle class" by less than 5% and you that big tax increase on the wealthy and get all giddy and think, "YES! Finally the people who own their own businesses are getting their just-dos! I get a tax cut and they have to pay more. Nyah nyah nyah nyah!"
Seriously, don't you understand how taxation works? Businesses don't pay taxes, they make you pay taxes for them by raising the price of their goods and services. Then they donate large amounts of money to charity for tax breaks.
Sigh...if only you understand...
When taxes are raised on business-or corporations,-the first people who normally are going to get hurt are the employees. Benefits are cut, then salaries, then jobs.
Wealth distribution has already been done, they are taking the money we, the working class, paid for Social Security and used it....to give the wealthiest an income tax cut...
REVERSE ROBINHOOD
Taking from the middle class and the poor who pay SS taxes on all that they make and giving it to the wealthiest in an income tax break....stealing from the middle and poor to feed the RICHEST among us!!!!
YEAH
WEALTH DISTRIBUTION if there ever was any..... sad!
Biden: Wealthy Americans Must Pay More Taxes to Show Patriotism
Damn straight.
Your president just took trillions of our tax dollars to bail out investment banks, multimillion dollar insurance companies, and various other Wall street tycoons.
Who's gonna pay for it? I'd say this bail out helped the most affluent among us, and they can help bear the burden of paying for it.
I think if you'll actually start listening to the news media--the facts are lining up that democrats ran Freddie Mac & Fannie Mae--in fact they used them as their personal piggy banks. Not to say that some Republicans are not at fault either, but this disaster is laid at the feet of democrats.
Democrats who believed that "everyone" should own a home in this country, regardless of their ability to pay the loan back
This has caused the domino effect on Wall Street & in other industries. No, I do not like bailing them out either. No one does.
When government gets involved in any industry this is what we can expect. Look at what they have done to the social security fund! If they would have kept their hands out of the till, social security would not have the financial problems it has today. This will be the next crash, mark my words.
Government is too big already. They need to stay the heck out of the private sector.
Government is not the solution, it's the problem! "Ronald Reagan"
no one in the gvt told the banks/thrifts to loan money to people that could NOT pay it back, the BANKS chose to do such, they chose to use the shotty financing that they created.....and were able to create because of the lack of oversight and lack of regulation....
MORE than 50% of the subprime loans were made by financial institutions that did not have the requirement to serve their full community....that came from legislation so how can you blame just one financial institution fannie/freddie? what happened to bear sterns, meryll.lehman, countrywide, bank of america, washington mutual, AIG....where do they fit in to your picture oreo?
No doubt Freddie/fannie and the lobbyist relationship is a PART of this, but the key is HOW DID THIS HAPPEN or how was it allowed to happen and where the hell has the SEC been?
I am just so frustrated that NO ONE, not one single person, can figure out how much this bail out will cost? Why can't the books be examined BEFORE a stupid bail out so that we can KNOW what the hell is REALLY going on?
this is just crazy....
care