- Apr 10, 2013
- 23,667
- 1,880
- 265
The fed, and it's gives.
Navigation
Install the app
How to install the app on iOS
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
More options
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
While the country is focused on Healthcare and Collusion, sneaky GOP cuts minimum wage
- Thread starter deanrd
- Start date
The fed, and it's gives.
- Apr 10, 2013
- 23,667
- 1,880
- 265
Which would bring corporate tax to zero. What's wrong with that?
It would bring corporate taxes from a larger than $500 billion debit to more than a $9.5 trillion credit.
Businesses would get refunds more than 4 times their profit. Is that your plan?
No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
Remove the FICA limit.
Silly.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
Unconstitutional. Unworkable. Stupid.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
Unconstitutional. Unenforceable. Stupid.
Please elaborate.
The government does not have the Constitutional authority to force every American person and corporation to sell their off shore holdings or to prevent them from investing off shore.
If they tried, such an action would be stupid.
Ditto for fees and prices.
If they tried, such an action would be stupid.
And even if you control prices and fees, why do you feel that would allow you to control costs?
Easy, make it illegal.
- Apr 10, 2013
- 23,667
- 1,880
- 265
Which would bring corporate tax to zero. What's wrong with that?
It would bring corporate taxes from a larger than $500 billion debit to more than a $9.5 trillion credit.
Businesses would get refunds more than 4 times their profit. Is that your plan?
No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
-Make inversion illegal.
Why would anyone invert when you've made business tax rates negative?
Inversion is used more for walking on deferred income more than a lower tax rate.
You've just made business taxes zero. So no tax on deferred income either.
I explained why companies play the inversion game. Under my plan there wouldn't be a need.
- Apr 10, 2013
- 23,667
- 1,880
- 265
Which would bring corporate tax to zero. What's wrong with that?
It would bring corporate taxes from a larger than $500 billion debit to more than a $9.5 trillion credit.
Businesses would get refunds more than 4 times their profit. Is that your plan?
No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
My plan would reduce business costs for employees and taxes to 30%
Your plan would hand businesses trillions from the government.
My plan would hand trillions to middle class workers to spend in the economy.
You're handing trillions to business.
To reimburse them for local taxes and fees as well as employee expenses. Subsidies are given to business today to boost their bottom line.
- Apr 10, 2013
- 23,667
- 1,880
- 265
Which would bring corporate tax to zero. What's wrong with that?
It would bring corporate taxes from a larger than $500 billion debit to more than a $9.5 trillion credit.
Businesses would get refunds more than 4 times their profit. Is that your plan?
No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
How are assets owned by corporations "not in the economy"?
Please show us how monetary assets in holding accounts are 'in the economy?'
Please show me these monetary assets in holding accounts.
Why do you think banks now charge for holding accounts?
The amounts are almost all cash assets of every US based corporation. Trillions.
It would bring corporate taxes from a larger than $500 billion debit to more than a $9.5 trillion credit.
Businesses would get refunds more than 4 times their profit. Is that your plan?
No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
-Base Federal tax for corporations at 30% of revenue.
Final sales to domestic purchasers were about $17.2 trillion last year.
A 30% tax on that would yield $5.16 trillion.
After you give them a $10.27 trillion credit, for employee expenses, the government is still handing them
over $5 trillion a year.
No, that would be handing employees $5 trillion per year which would be spent in the economy, boosting the economy by $8.5 trillion per year.It would bring corporate taxes from a larger than $500 billion debit to more than a $9.5 trillion credit.
Businesses would get refunds more than 4 times their profit. Is that your plan?
No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
-Base Federal tax for corporations at 30% of revenue.
Final sales to domestic purchasers were about $17.2 trillion last year.
A 30% tax on that would yield $5.16 trillion.
After you give them a $10.27 trillion credit, for employee expenses, the government is still handing them
over $5 trillion a year.
No, that would be handing employees $5 trillion per year which would be spent in the economy, boosting the economy by $8.5 trillion per year.
No, that would be handing employees $5 trillion per year
Giving more money to employers gives more money to employees?
That refutes pretty much everything you've claimed about business tax cuts.
If employers want to eliminate federal taxes.
Under your "plan", they don't have to give a penny more to cut their taxes to zero.
It would bring corporate taxes from a larger than $500 billion debit to more than a $9.5 trillion credit.
Businesses would get refunds more than 4 times their profit. Is that your plan?
No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
Yes, that was one of the first of your errors I remember.
Costs overall aren't 16 times higher than in 1970?
Not unless you have a reliable source showing that.......
Bought a car recently?
So you don't have a source that shows costs are 16 times 1970 levels?
It would bring corporate taxes from a larger than $500 billion debit to more than a $9.5 trillion credit.
Businesses would get refunds more than 4 times their profit. Is that your plan?
No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
Eliminate all business subsidies (deductions/write-offs/write-downs)
Writing off COGS isn't a subsidy. Neither is any other legitimate business expense, like interest or depreciation.
A subsidy is a sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.
Right.
Allowing a business to deduct legitimate business expenses, before taxing their profit, is not a subsidy.
Business deductions are subsidies.
If you're charging a tax on business profit, you need to deduct expenses in order to calculate that profit.
That's not a subsidy. That's basic accounting.
Handing someone a government check because they buy an electric vehicle or because they install solar panels on their roof......those are subsidies.
It would bring corporate taxes from a larger than $500 billion debit to more than a $9.5 trillion credit.
Businesses would get refunds more than 4 times their profit. Is that your plan?
No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
Decode this gibberish.
Employee expenses over 30% of revenue are refunded using monies given to States.
Who gave money to states?
The fed, and it's gives.
The Fed gives money to the states.....so the states can also give businesses a tax credit?
It would bring corporate taxes from a larger than $500 billion debit to more than a $9.5 trillion credit.
Businesses would get refunds more than 4 times their profit. Is that your plan?
No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
Remove the FICA limit.
Silly.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
Unconstitutional. Unworkable. Stupid.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
Unconstitutional. Unenforceable. Stupid.
Please elaborate.
The government does not have the Constitutional authority to force every American person and corporation to sell their off shore holdings or to prevent them from investing off shore.
If they tried, such an action would be stupid.
Ditto for fees and prices.
If they tried, such an action would be stupid.
And even if you control prices and fees, why do you feel that would allow you to control costs?
Easy, make it illegal.
Those laws would be unconstitutional, unenforceable, economically damaging, stupid, pointless.
It would bring corporate taxes from a larger than $500 billion debit to more than a $9.5 trillion credit.
Businesses would get refunds more than 4 times their profit. Is that your plan?
No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
-Make inversion illegal.
Why would anyone invert when you've made business tax rates negative?
Inversion is used more for walking on deferred income more than a lower tax rate.
You've just made business taxes zero. So no tax on deferred income either.
I explained why companies play the inversion game. Under my plan there wouldn't be a need.
Exactly. With a 0% corporate tax, no one would invert.
The fact that you also want to make inversions illegal just shows you didn't understand what your "plan" did.
It would bring corporate taxes from a larger than $500 billion debit to more than a $9.5 trillion credit.
Businesses would get refunds more than 4 times their profit. Is that your plan?
No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
My plan would reduce business costs for employees and taxes to 30%
Your plan would hand businesses trillions from the government.
My plan would hand trillions to middle class workers to spend in the economy.
You're handing trillions to business.
To reimburse them for local taxes and fees as well as employee expenses. Subsidies are given to business today to boost their bottom line.
To reimburse them for local taxes and fees as well as employee expenses.
Yes, you made their taxes negative.
You want to reimburse them for over $10 trillion in expenses.
Subsidies are given to business today to boost their bottom line.
Yes, we should eliminate all the stupid "green energy" subsidies.
Agricultural subsidies. You can probably list more. Mostly politically motivated. Kill them.
It would bring corporate taxes from a larger than $500 billion debit to more than a $9.5 trillion credit.
Businesses would get refunds more than 4 times their profit. Is that your plan?
No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
How are assets owned by corporations "not in the economy"?
Please show us how monetary assets in holding accounts are 'in the economy?'
Please show me these monetary assets in holding accounts.
Why do you think banks now charge for holding accounts?
The amounts are almost all cash assets of every US based corporation. Trillions.
Why do you think banks now charge for holding accounts?
You're talking about bank accounts? You think US corporations have $100 trillion in the bank? Link?
You want to get money held in bank accounts, "back into the economy"?
What makes you think money in the bank is outside the economy?
- Apr 10, 2013
- 23,667
- 1,880
- 265
No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
-Base Federal tax for corporations at 30% of revenue.
Final sales to domestic purchasers were about $17.2 trillion last year.
A 30% tax on that would yield $5.16 trillion.
After you give them a $10.27 trillion credit, for employee expenses, the government is still handing them
over $5 trillion a year.
No, that would be handing employees $5 trillion per year which would be spent in the economy, boosting the economy by $8.5 trillion per year.No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
-Base Federal tax for corporations at 30% of revenue.
Final sales to domestic purchasers were about $17.2 trillion last year.
A 30% tax on that would yield $5.16 trillion.
After you give them a $10.27 trillion credit, for employee expenses, the government is still handing them
over $5 trillion a year.
No, that would be handing employees $5 trillion per year which would be spent in the economy, boosting the economy by $8.5 trillion per year.
No, that would be handing employees $5 trillion per year
Giving more money to employers gives more money to employees?
That refutes pretty much everything you've claimed about business tax cuts.
If employers want to eliminate federal taxes.
Under your "plan", they don't have to give a penny more to cut their taxes to zero.
Under my plan, the ONLY deductions are State and local taxes/fees and employee expenses.
- Apr 10, 2013
- 23,667
- 1,880
- 265
No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
Yes, that was one of the first of your errors I remember.
Costs overall aren't 16 times higher than in 1970?
Not unless you have a reliable source showing that.......
Bought a car recently?
So you don't have a source that shows costs are 16 times 1970 levels?
Bought a car recently?
- Apr 10, 2013
- 23,667
- 1,880
- 265
No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
Eliminate all business subsidies (deductions/write-offs/write-downs)
Writing off COGS isn't a subsidy. Neither is any other legitimate business expense, like interest or depreciation.
A subsidy is a sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.
Right.
Allowing a business to deduct legitimate business expenses, before taxing their profit, is not a subsidy.
Business deductions are subsidies.
If you're charging a tax on business profit, you need to deduct expenses in order to calculate that profit.
That's not a subsidy. That's basic accounting.
Handing someone a government check because they buy an electric vehicle or because they install solar panels on their roof......those are subsidies.
I did. State and local taxes and fees and employee expenses, which btw is the largest expense.
- Apr 10, 2013
- 23,667
- 1,880
- 265
No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
Decode this gibberish.
Employee expenses over 30% of revenue are refunded using monies given to States.
Who gave money to states?
The fed, and it's gives.
The Fed gives money to the states.....so the states can also give businesses a tax credit?
Which will go in the pocket of the business owners. If you want business owners to do the right thing you have to regulate it.
- Apr 10, 2013
- 23,667
- 1,880
- 265
No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
Remove the FICA limit.
Silly.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
Unconstitutional. Unworkable. Stupid.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
Unconstitutional. Unenforceable. Stupid.
Please elaborate.
The government does not have the Constitutional authority to force every American person and corporation to sell their off shore holdings or to prevent them from investing off shore.
If they tried, such an action would be stupid.
Ditto for fees and prices.
If they tried, such an action would be stupid.
And even if you control prices and fees, why do you feel that would allow you to control costs?
Easy, make it illegal.
Those laws would be unconstitutional, unenforceable, economically damaging, stupid, pointless.
Your Libertarianism is making you stupid.
- Apr 10, 2013
- 23,667
- 1,880
- 265
No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
-Make inversion illegal.
Why would anyone invert when you've made business tax rates negative?
Inversion is used more for walking on deferred income more than a lower tax rate.
You've just made business taxes zero. So no tax on deferred income either.
I explained why companies play the inversion game. Under my plan there wouldn't be a need.
Exactly. With a 0% corporate tax, no one would invert.
The fact that you also want to make inversions illegal just shows you didn't understand what your "plan" did.
Under my plan there wouldn't be a need.
- Apr 10, 2013
- 23,667
- 1,880
- 265
No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
My plan would reduce business costs for employees and taxes to 30%
Your plan would hand businesses trillions from the government.
My plan would hand trillions to middle class workers to spend in the economy.
You're handing trillions to business.
To reimburse them for local taxes and fees as well as employee expenses. Subsidies are given to business today to boost their bottom line.
To reimburse them for local taxes and fees as well as employee expenses.
Yes, you made their taxes negative.
You want to reimburse them for over $10 trillion in expenses.
Subsidies are given to business today to boost their bottom line.
Yes, we should eliminate all the stupid "green energy" subsidies.
Agricultural subsidies. You can probably list more. Mostly politically motivated. Kill them.
Helping consumers pay their power bill?
Family farm subsidies?
Similar threads
- Replies
- 280
- Views
- 3K
- Replies
- 29
- Views
- 504
- Replies
- 3
- Views
- 170
- Replies
- 103
- Views
- 2K
Latest Discussions
- Replies
- 205
- Views
- 2K
- Replies
- 23
- Views
- 85
- Replies
- 54
- Views
- 138
Forum List
-
-
-
-
-
Political Satire 8052
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ObamaCare 781
-
-
-
-
-
-
-
-
-
-
-
Member Usernotes 469
-
-
-
-
-
-
-
-
-
-