The U.s. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months

[EdwardBaiamonte]

Taxes are just a cost of doing business.

Joe, you are total economic illiterate which is typical of a liberal. If a tax is a cost of doing business then it is a cost passed on to customers in the form of higher prices. You pay the higher taxes Joe, not the business. ...

To believe that, you'd have to believe the firm isn't already charging its customers as much as it can. Do you think a firm can raise its prices at will without the risk of reducing its revenue by driving away some customers?

Dear, as i said, you are an economic pure illiterate. Its like you are a child. An apple costs a dollar and a Rolls Royce costs $300,000. Each price reflects costs. Its not coincidence that Rolls costs more than apple. The guy who sells the apple cant charge a penny more lest he be undersold by competition. His profits are next to nothing. Add a tax or a fertilizer and he has to raise the price by the exact amount of the tax or fertilizer cost to maintain his next to nothing profits.

Do you understand now?

Unless he can convince consumers that his apples are tastier and more juicy than his competitions. A Rolls Royce figuratively is tastier and more juicy than a Dodge.

dear, in a scientific experiment you hold all variables constant except the ones in question. Do you understand?

 

[Joe Steel]

Nonsense. Taxes are just a cost of doing business. If capitalists can make more money because of taxes, they don't mind paying them. That's what could happen. When we raise taxes to fund government wealth transfers, capitalists will make money.

Then explain off-shore and inversion.

"If capitalists can make more money because of taxes ..." Get it? Capitalists have to see a direct connection between their taxes and their income.

 

[EdwardBaiamonte]

So the wealthy should pay less taxes than you?

everyone should pay the same price for government just they way they pay the same price for everything in the supermarket!

 

[EdwardBaiamonte]

"If capitalists can make more money because of taxes ..." Get it? Capitalists have to see a direct connection between their taxes and their income.

don't get it please try to explain.

 

[OnePercenter]

You will need more revenue if you are really committed to reducing the deficit.

Indeed. Our deficit and debt are the result of our wealth coddling tax policies. If we want to eliminate the deficit and reduce the debt, we have to raise taxes.

Increasing taxes will ADD to the debt because it slows the economy and causes more unemployment. Less people working, less people paying taxes. Even the idiot Obama understands this simple fact.

Nonsense. Taxes are just a cost of doing business. If capitalists can make more money because of taxes, they don't mind paying them. That's what could happen. When we raise taxes to fund government wealth transfers, capitalists will make money.

Then explain off-shore and inversion.

simple, Burger King gets acquired by foreign company and pays lower tax of foreign country. Further, when it wants to bring earnings in from off shore they are not subject to American tax so they can invest and built the American economy better from off shore.

It is extremely perverse and 100% liberal!!

Best solution is to eliminate corporate tax altogether to cause huge economic boom here!

So it has nothing to do with the millions in deferred income they get to walk on?

Why would you want corporations to walk on taxes when they use the same tax-based service that you use?

Of the 20 top industrialized nations in the world, the US is number 16 in highest actual taxes paid. Where are the jobs?

 

[OnePercenter]

So the wealthy should pay less taxes than you?

everyone should pay the same price for government just they way they pay the same price for everything in the supermarket!

I fly private, 1200 hours per year, much more than a typical middle class person. FAA fees for traffic control are paid through taxes and additional fees on commercial airline tickets. I should get a walk because I'm wealthy?

 

[EdwardBaiamonte]

Of the 20 top industrialized nations in the world, the US is number 16 in highest actual taxes paid. Where are the jobs?

dear, they don't pay much in taxes by moving out of the country! Did you think they did it for fun?
Get it, the jobs are off shore?

It is actually hard to believe how brainwashed liberals are by the Marxists. Don't you have any pride in yourself?

 

[OnePercenter]

Taxes are just a cost of doing business.

Joe, you are total economic illiterate which is typical of a liberal. If a tax is a cost of doing business then it is a cost passed on to customers in the form of higher prices. You pay the higher taxes Joe, not the business. ...

To believe that, you'd have to believe the firm isn't already charging its customers as much as it can. Do you think a firm can raise its prices at will without the risk of reducing its revenue by driving away some customers?

Dear, as i said, you are an economic pure illiterate. Its like you are a child. An apple costs a dollar and a Rolls Royce costs $300,000. Each price reflects costs. Its not coincidence that Rolls costs more than apple. The guy who sells the apple cant charge a penny more lest he be undersold by competition. His profits are next to nothing. Add a tax or a fertilizer and he has to raise the price by the exact amount of the tax or fertilizer cost to maintain his next to nothing profits.

Do you understand now?

Unless he can convince consumers that his apples are tastier and more juicy than his competitions. A Rolls Royce figuratively is tastier and more juicy than a Dodge.

dear, in a scientific experiment you hold all variables constant except the ones in question. Do you understand?

It's not a scientific experiment, it's marketing.

 

[EdwardBaiamonte]

Why would you want corporations to walk on taxes when they use the same tax-based service that you use?

have you no pride at all? Corporations dont pay taxes they collect them!! Get it???. Tax cost like any cost is passed on to customers in higher prices. You stupidily pay the tax in higher prices that you think they are paying!!

Liberalism is based in pure ignorance. You are no smarter than the Germans who blindly followed Hitler so sure they were right.

 

[EdwardBaiamonte]

Joe, you are total economic illiterate which is typical of a liberal. If a tax is a cost of doing business then it is a cost passed on to customers in the form of higher prices. You pay the higher taxes Joe, not the business. ...

To believe that, you'd have to believe the firm isn't already charging its customers as much as it can. Do you think a firm can raise its prices at will without the risk of reducing its revenue by driving away some customers?

Dear, as i said, you are an economic pure illiterate. Its like you are a child. An apple costs a dollar and a Rolls Royce costs $300,000. Each price reflects costs. Its not coincidence that Rolls costs more than apple. The guy who sells the apple cant charge a penny more lest he be undersold by competition. His profits are next to nothing. Add a tax or a fertilizer and he has to raise the price by the exact amount of the tax or fertilizer cost to maintain his next to nothing profits.

Do you understand now?

Unless he can convince consumers that his apples are tastier and more juicy than his competitions. A Rolls Royce figuratively is tastier and more juicy than a Dodge.

dear, in a scientific experiment you hold all variables constant except the ones in question. Do you understand?

It's not a scientific experiment, it's marketing.

no dear our subject was not marketing, it was whether prices reflect costs as a general principle.

 

[EdwardBaiamonte]

So the wealthy should pay less taxes than you?

everyone should pay the same price for government just they way they pay the same price for everything in the supermarket!

I fly private, 1200 hours per year, much more than a typical middle class person. FAA fees for traffic control are paid through taxes and additional fees on commercial airline tickets. I should get a walk because I'm wealthy?

nobody gets a walk in the supermarket dear, everyone pays the same price and everyone should pay the same price for government too.

 

[OnePercenter]

Of the 20 top industrialized nations in the world, the US is number 16 in highest actual taxes paid. Where are the jobs?

dear, they don't pay much in taxes by moving out of the country! Did you think they did it for fun?
Get it, the jobs are off shore?

It is actually hard to believe how brainwashed liberals are by the Marxists. Don't you have any pride in yourself?

In the case of Burger King, Canada's effective rate is higher than the US. So other than walking on owed taxes why are they moving?

 

[EdwardBaiamonte]

Of the 20 top industrialized nations in the world, the US is number 16 in highest actual taxes paid. Where are the jobs?

dear, they don't pay much in taxes by moving out of the country! Did you think they did it for fun?
Get it, the jobs are off shore?

It is actually hard to believe how brainwashed liberals are by the Marxists. Don't you have any pride in yourself?

In the case of Burger King, Canada's effective rate is higher than the US. So other than walking on owed taxes why are they moving?

dear how do you figure they are walking on owed taxes?
They pay the US rate till the day they move. Moving does not eliminate back taxes.

 

[Manonthestreet]

You will need more revenue if you are really committed to reducing the deficit.

You aRE GETTING RECORD REVENUE

 

[EdwardBaiamonte]

You will need more revenue if you are really committed to reducing the deficit.

You aRE GETTING RECORD REVENUE

It's like H. Ross Perot said. " they ( the govt) can waste all the money there is."
Best solution is to let govt spending grow 1% a year and not one penny more until debt is 100 % gone.

 

[OnePercenter]

Of the 20 top industrialized nations in the world, the US is number 16 in highest actual taxes paid. Where are the jobs?

dear, they don't pay much in taxes by moving out of the country! Did you think they did it for fun?
Get it, the jobs are off shore?

It is actually hard to believe how brainwashed liberals are by the Marxists. Don't you have any pride in yourself?

In the case of Burger King, Canada's effective rate is higher than the US. So other than walking on owed taxes why are they moving?

dear how do you figure they are walking on owed taxes?
They pay the US rate till the day they move. Moving does not eliminate back taxes.

Again, Burger Kings SEC form lists millions in deferred income but no indication that any taxes have been paid.

 

[OnePercenter]

So the wealthy should pay less taxes than you?

everyone should pay the same price for government just they way they pay the same price for everything in the supermarket!

I fly private, 1200 hours per year, much more than a typical middle class person. FAA fees for traffic control are paid through taxes and additional fees on commercial airline tickets. I should get a walk because I'm wealthy?

nobody gets a walk in the supermarket dear, everyone pays the same price and everyone should pay the same price for government too.

In dollars figures, how much Federal tax should person making $50,000.00/yr pay.

In dollars figures, how much Federal tax should person making $26,500,000.00/yr pay.

 

[OnePercenter]

You will need more revenue if you are really committed to reducing the deficit.

You aRE GETTING RECORD REVENUE

It's like H. Ross Perot said. " they ( the govt) can waste all the money there is."
Best solution is to let govt spending grow 1% a year and not one penny more until debt is 100 % gone.

What happens if we get a year of massive storms costing billions in needed aid?

 

[Manonthestreet]

You will need more revenue if you are really committed to reducing the deficit.

You aRE GETTING RECORD REVENUE

It's like H. Ross Perot said. " they ( the govt) can waste all the money there is."
Best solution is to let govt spending grow 1% a year and not one penny more until debt is 100 % gone.

He is looking more and more like a lost opportunity.

 

[EdwardBaiamonte]

You will need more revenue if you are really committed to reducing the deficit.

You aRE GETTING RECORD REVENUE

It's like H. Ross Perot said. " they ( the govt) can waste all the money there is."
Best solution is to let govt spending grow 1% a year and not one penny more until debt is 100 % gone.

What happens if we get a year of massive storms costing billions in needed aid?

dear, there are exceptions for wars etc.