An example of how a majority of Democrats are really dumb about taxes.

progressive hunter

Platinum Member
Joined
Dec 11, 2018
Messages
29,247
Reaction score
14,371
Points
1,100
Depending on your age when were your top earning years? The fed tax rate created in 1909 was 1% for all business who made over 5000 dollars! in 1969 we had our highest rate at 52%. Trump cut the rate in 2017 from 35% t0 21% the lowest rate since 1939. (pretty self serving for a billionaire) ( if your not in the top 10% ) please explain in what way this cut has helped you?
since when does what someone else does have to do with me???

the problem is and continues to be the government spending more than they take in on things they are not supposed to be involved in,,
 

alang1216

Pragmatist
Joined
Jun 21, 2014
Messages
13,329
Reaction score
1,948
Points
245
Location
Virginia
youre thinking about the lockdown and how its the biggest transfer of wealth from th poor to the rich in history
As if the bottom has wealth to transfer. Are you just letting a monkey run over your keyboard?

The biggest wealth transfer was the government telling wealthy and corporations that they didn’t have to pay taxes but could just keep amassing wealth at historic rates.Damn the righties are broken Intellectually.

Another Marxist who says not taking their money is giving them money
Let’s get rid of all government and all taxes. Are you an anarchist?? Fucking anarchist here. Kaz is an anarchist!!!

So our choices are that all the money is the governments and everything they don't take is giving us money or zero taxes and anarchy.

What a dumb ass
What makes 21% American freedom and 28% everything? So little brainpower on the right. You guys only know how to cry Wolf and use buzzwords. You want to debate be honest about it:

- Our tax structure has put wealth in record level concentrations at the top
- Our tax structure is creating world record deficits.
- Republicans out spent Democrats in the last several decades
- There is only one answer: Raise taxes to reduce deficits and spread out wealth accumulation so that it benefits the bottom much more than it does today.

You're just babbling bull shit, fascist.

And our deficits are created by out of control SPENDING
Cut the defense spending by $300B, eliminate corporate subsidies(including farms), freeze spending growth rates 2%, nationalize healthcare, and raise taxes on the rich. Done.
I agree there can be some cuts to the military and all subsidies need to end, cut all spending increases and cut spending by 40% no socialist healthcare and no tax increase one anyone,,

and lets see how that turns out for a few yrs,,
Wasn't that the America of 100 years ago? All the changes since then have been in response to actual problems.
problems caused by the very people wanting to raise taxs,,,
Nobody wants to raise taxes, what is wanted is a solution to a problem and sometimes it requires money to solve it.
how about we start with the 47% that pay nothing in income taxs and see what happens,,

shouldnt everyone have skin in the game??
People who pay no income taxes still pay sales and gas taxes, among others. The percent they pay is probably higher than the rich.
we arent talking about those,,, and they are a small fraction of total revenue,,

and all of us pay the same percent on those,, its the income tax the rich pay a higher percentage,,,
I completely understand why you don't want to talk about how taxes impact people. Income taxes are only one form of tax. In every state, the poor pay a larger percentage of their income in taxes (fed, st, & local) than do the rich. In WA the poor pay almost 6 times as much, percentage wise, than the rich.
 

sartre play

Gold Member
Joined
May 4, 2015
Messages
5,521
Reaction score
1,074
Points
140
That's not the question I asked. short version IF you are not in the top 10% what gains have you made from this cutting of corporate tax rates from 35% to 21 %
 

progressive hunter

Platinum Member
Joined
Dec 11, 2018
Messages
29,247
Reaction score
14,371
Points
1,100
youre thinking about the lockdown and how its the biggest transfer of wealth from th poor to the rich in history
As if the bottom has wealth to transfer. Are you just letting a monkey run over your keyboard?

The biggest wealth transfer was the government telling wealthy and corporations that they didn’t have to pay taxes but could just keep amassing wealth at historic rates.Damn the righties are broken Intellectually.

Another Marxist who says not taking their money is giving them money
Let’s get rid of all government and all taxes. Are you an anarchist?? Fucking anarchist here. Kaz is an anarchist!!!

So our choices are that all the money is the governments and everything they don't take is giving us money or zero taxes and anarchy.

What a dumb ass
What makes 21% American freedom and 28% everything? So little brainpower on the right. You guys only know how to cry Wolf and use buzzwords. You want to debate be honest about it:

- Our tax structure has put wealth in record level concentrations at the top
- Our tax structure is creating world record deficits.
- Republicans out spent Democrats in the last several decades
- There is only one answer: Raise taxes to reduce deficits and spread out wealth accumulation so that it benefits the bottom much more than it does today.

You're just babbling bull shit, fascist.

And our deficits are created by out of control SPENDING
Cut the defense spending by $300B, eliminate corporate subsidies(including farms), freeze spending growth rates 2%, nationalize healthcare, and raise taxes on the rich. Done.
I agree there can be some cuts to the military and all subsidies need to end, cut all spending increases and cut spending by 40% no socialist healthcare and no tax increase one anyone,,

and lets see how that turns out for a few yrs,,
Wasn't that the America of 100 years ago? All the changes since then have been in response to actual problems.
problems caused by the very people wanting to raise taxs,,,
Nobody wants to raise taxes, what is wanted is a solution to a problem and sometimes it requires money to solve it.
how about we start with the 47% that pay nothing in income taxs and see what happens,,

shouldnt everyone have skin in the game??
People who pay no income taxes still pay sales and gas taxes, among others. The percent they pay is probably higher than the rich.
we arent talking about those,,, and they are a small fraction of total revenue,,

and all of us pay the same percent on those,, its the income tax the rich pay a higher percentage,,,
I completely understand why you don't want to talk about how taxes impact people. Income taxes are only one form of tax. In every state, the poor pay a larger percentage of their income in taxes (fed, st, & local) than do the rich. In WA the poor pay almost 6 times as much, percentage wise, than the rich.
now youre spinning the narrative,, understandable since youre loosing the debate so badly,,

we are talking about revenue not what percentage of their income people pay,,,
 

alang1216

Pragmatist
Joined
Jun 21, 2014
Messages
13,329
Reaction score
1,948
Points
245
Location
Virginia
youre thinking about the lockdown and how its the biggest transfer of wealth from th poor to the rich in history
As if the bottom has wealth to transfer. Are you just letting a monkey run over your keyboard?

The biggest wealth transfer was the government telling wealthy and corporations that they didn’t have to pay taxes but could just keep amassing wealth at historic rates.Damn the righties are broken Intellectually.

Another Marxist who says not taking their money is giving them money
Let’s get rid of all government and all taxes. Are you an anarchist?? Fucking anarchist here. Kaz is an anarchist!!!

So our choices are that all the money is the governments and everything they don't take is giving us money or zero taxes and anarchy.

What a dumb ass
What makes 21% American freedom and 28% everything? So little brainpower on the right. You guys only know how to cry Wolf and use buzzwords. You want to debate be honest about it:

- Our tax structure has put wealth in record level concentrations at the top
- Our tax structure is creating world record deficits.
- Republicans out spent Democrats in the last several decades
- There is only one answer: Raise taxes to reduce deficits and spread out wealth accumulation so that it benefits the bottom much more than it does today.

You're just babbling bull shit, fascist.

And our deficits are created by out of control SPENDING
Cut the defense spending by $300B, eliminate corporate subsidies(including farms), freeze spending growth rates 2%, nationalize healthcare, and raise taxes on the rich. Done.
I agree there can be some cuts to the military and all subsidies need to end, cut all spending increases and cut spending by 40% no socialist healthcare and no tax increase one anyone,,

and lets see how that turns out for a few yrs,,
Wasn't that the America of 100 years ago? All the changes since then have been in response to actual problems.
problems caused by the very people wanting to raise taxs,,,
Nobody wants to raise taxes, what is wanted is a solution to a problem and sometimes it requires money to solve it.
how about we start with the 47% that pay nothing in income taxs and see what happens,,

shouldnt everyone have skin in the game??
People who pay no income taxes still pay sales and gas taxes, among others. The percent they pay is probably higher than the rich.
we arent talking about those,,, and they are a small fraction of total revenue,,

and all of us pay the same percent on those,, its the income tax the rich pay a higher percentage,,,
I completely understand why you don't want to talk about how taxes impact people. Income taxes are only one form of tax. In every state, the poor pay a larger percentage of their income in taxes (fed, st, & local) than do the rich. In WA the poor pay almost 6 times as much, percentage wise, than the rich.
now youre spinning the narrative,, understandable since youre loosing the debate so badly,,

we are talking about revenue not what percentage of their income people pay,,,
I apologize for trying to move the debate from $ to people.
 

progressive hunter

Platinum Member
Joined
Dec 11, 2018
Messages
29,247
Reaction score
14,371
Points
1,100
youre thinking about the lockdown and how its the biggest transfer of wealth from th poor to the rich in history
As if the bottom has wealth to transfer. Are you just letting a monkey run over your keyboard?

The biggest wealth transfer was the government telling wealthy and corporations that they didn’t have to pay taxes but could just keep amassing wealth at historic rates.Damn the righties are broken Intellectually.

Another Marxist who says not taking their money is giving them money
Let’s get rid of all government and all taxes. Are you an anarchist?? Fucking anarchist here. Kaz is an anarchist!!!

So our choices are that all the money is the governments and everything they don't take is giving us money or zero taxes and anarchy.

What a dumb ass
What makes 21% American freedom and 28% everything? So little brainpower on the right. You guys only know how to cry Wolf and use buzzwords. You want to debate be honest about it:

- Our tax structure has put wealth in record level concentrations at the top
- Our tax structure is creating world record deficits.
- Republicans out spent Democrats in the last several decades
- There is only one answer: Raise taxes to reduce deficits and spread out wealth accumulation so that it benefits the bottom much more than it does today.

You're just babbling bull shit, fascist.

And our deficits are created by out of control SPENDING
Cut the defense spending by $300B, eliminate corporate subsidies(including farms), freeze spending growth rates 2%, nationalize healthcare, and raise taxes on the rich. Done.
I agree there can be some cuts to the military and all subsidies need to end, cut all spending increases and cut spending by 40% no socialist healthcare and no tax increase one anyone,,

and lets see how that turns out for a few yrs,,
Wasn't that the America of 100 years ago? All the changes since then have been in response to actual problems.
problems caused by the very people wanting to raise taxs,,,
Nobody wants to raise taxes, what is wanted is a solution to a problem and sometimes it requires money to solve it.
how about we start with the 47% that pay nothing in income taxs and see what happens,,

shouldnt everyone have skin in the game??
People who pay no income taxes still pay sales and gas taxes, among others. The percent they pay is probably higher than the rich.
we arent talking about those,,, and they are a small fraction of total revenue,,

and all of us pay the same percent on those,, its the income tax the rich pay a higher percentage,,,
I completely understand why you don't want to talk about how taxes impact people. Income taxes are only one form of tax. In every state, the poor pay a larger percentage of their income in taxes (fed, st, & local) than do the rich. In WA the poor pay almost 6 times as much, percentage wise, than the rich.
now youre spinning the narrative,, understandable since youre loosing the debate so badly,,

we are talking about revenue not what percentage of their income people pay,,,
I apologize for trying to move the debate from $ to people.
understandable since you were loosing the debate so bad,,,
 

Cellblock2429

Gold Member
Gold Supporting Member
Joined
Jul 22, 2016
Messages
24,417
Reaction score
6,457
Points
290
Location
New York
So far as I know, there were no spending cuts to offset the loss of taxes. That means that we, the taxpayers, borrowed money to give to those corporations and wealthy. Remind me what I got for my money?
/----/ Corporations treat taxes as overhead and pass them on to the consumer in the form of higher prices. I don't know about you, but I already pay enough for stuff.
I'm not sure what country you live in but here in the US there was a major corporate tax cut and I didn't see any prices go down.
/——-/ Well, if you didn’t see it then it never happened. You are the board expert on how corporations set their pricing. But how do you think corporations treat overhead.
 

DukeU

Diamond Member
Joined
Jan 20, 2020
Messages
2,441
Reaction score
2,532
Points
1,938
My point exactly. The money needs to be in hands of those who need to spend it. Not for those of us who have what we need and save it.
Do you save it under your pillow or do you save it at the bank, who then loan it out to people who need it to spend?!?
 

citygator

Diamond Member
Joined
Jun 23, 2019
Messages
3,670
Reaction score
2,697
Points
1,940
Location
Charlotte
My point exactly. The money needs to be in hands of those who need to spend it. Not for those of us who have what we need and save it.
Do you save it under your pillow or do you save it at the bank, who then loan it out to people who need it to spend?!?
Ahhhh. Another trickle down sunshine pumper. Tells us. How has trickle down been working? Spoiler alert: We’ve never had a more unequal balance of wealth. Ever.
 

progressive hunter

Platinum Member
Joined
Dec 11, 2018
Messages
29,247
Reaction score
14,371
Points
1,100
My point exactly. The money needs to be in hands of those who need to spend it. Not for those of us who have what we need and save it.
Do you save it under your pillow or do you save it at the bank, who then loan it out to people who need it to spend?!?
Ahhhh. Another trickle down sunshine pumper. Tells us. How has trickle down been working? Spoiler alert: We’ve never had a more unequal balance of wealth. Ever.
why dont you ever comment on the topic at hand???
 

alang1216

Pragmatist
Joined
Jun 21, 2014
Messages
13,329
Reaction score
1,948
Points
245
Location
Virginia
I'm not sure what country you live in but here in the US there was a major corporate tax cut and I didn't see any prices go down.
/——-/ Well, if you didn’t see it then it never happened. You are the board expert on how corporations set their pricing. But how do you think corporations treat overhead.
I didn't see anything that said prices fell after the tax cut, did you?
 

Dont Taz Me Bro

Diamond Member
Staff member
Senior USMB Moderator
Moderator
Gold Supporting Member
Joined
Nov 17, 2009
Messages
53,813
Reaction score
18,549
Points
2,290
Location
Las Vegas, Nevada
The money my company saved with the tax cut was reinvested in the company with a massive hiring surge and a $2000 bonus for every employee and a boost in capital expenditure....creating thousands of jobs outside my company.

You dont understand corporate finance, do you?

The company I work for initially gave every employee under a certain salary grade a $1000 bonus and also implemented a $15 minimum hiring wage for the lowest job grades. However, later that year they laid off 1% of the company worldwide (about 800 people) and then last year they outsourced our IT field support staff to a third party company and outsourced our helpdesk to the Philippines.
 

DukeU

Diamond Member
Joined
Jan 20, 2020
Messages
2,441
Reaction score
2,532
Points
1,938
Ahhhh. Another trickle down sunshine pumper. Tells us. How has trickle down been working? Spoiler alert: We’ve never had a more unequal balance of wealth. Ever.

You dig yours up in the back yard? Or does it trickle down from someone else?
 

Cellblock2429

Gold Member
Gold Supporting Member
Joined
Jul 22, 2016
Messages
24,417
Reaction score
6,457
Points
290
Location
New York
I'm not sure what country you live in but here in the US there was a major corporate tax cut and I didn't see any prices go down.
/——-/ Well, if you didn’t see it then it never happened. You are the board expert on how corporations set their pricing. But how do you think corporations treat overhead.
I didn't see anything that said prices fell after the tax cut, did you?
I'm not sure what country you live in but here in the US there was a major corporate tax cut and I didn't see any prices go down.
/——-/ Well, if you didn’t see it then it never happened. You are the board expert on how corporations set their pricing. But how do you think corporations treat overhead.
I didn't see anything that said prices fell after the tax cut, did you?
/——-/ The companies are free to use the tax cut anyway they want. Reducing prices is one, however raising taxes will cause them to include that increased tax in their overhead. Why can’t you understand that simple concept.
Get a clue, will ya?Are Most Corporate Tax Hikes Passed on to Consumers? - Financial Web
“Furthermore, there are many times when a tax hike increases costs for the corporation and those higher costs are passed along to the consumer – in the form of higher prices for products and services.”
 

Blues Man

Gold Member
Joined
Aug 28, 2016
Messages
13,297
Reaction score
4,324
Points
290
Yes, comrade. To not take someone's money is to give them money because all money is the people's money, heir Marx
Alas, Trump's tax cuts were not equally distributed with some getting to keep more of their money than others. That sounds like communism to me.

So people keeping more of their own money is communism now?
If you get to keep all your money while I'm still paying taxes that you benefit from, you can call it what you will, I don't like it.

So you must not like that more than 40% of people pay no income tax at all right?
If they are poor, no problem. If they are billionaires, problem.
so now you do think it's ok for some people not to pay taxes.

And what billionaire pays zero taxes?
Ironically, I'd guess the poor generally pay a greater percent of their income in taxes than the rich do.

I know one billionaire who only paid $750 in income taxes in 2017.

then you must be in favor if a flat tax so everyone pays the same percentage of their income in taxes
 

Smokin' OP

Gold Member
Joined
Feb 24, 2021
Messages
1,171
Reaction score
544
Points
163
Location
Florida
I'm not sure what country you live in but here in the US there was a major corporate tax cut and I didn't see any prices go down.
/——-/ Well, if you didn’t see it then it never happened. You are the board expert on how corporations set their pricing. But how do you think corporations treat overhead.
I didn't see anything that said prices fell after the tax cut, did you?
I'm not sure what country you live in but here in the US there was a major corporate tax cut and I didn't see any prices go down.
/——-/ Well, if you didn’t see it then it never happened. You are the board expert on how corporations set their pricing. But how do you think corporations treat overhead.
I didn't see anything that said prices fell after the tax cut, did you?
/——-/ The companies are free to use the tax cut anyway they want. Reducing prices is one, however raising taxes will cause them to include that increased tax in their overhead. Why can’t you understand that simple concept.
Get a clue, will ya?Are Most Corporate Tax Hikes Passed on to Consumers? - Financial Web
“Furthermore, there are many times when a tax hike increases costs for the corporation and those higher costs are passed along to the consumer – in the form of higher prices for products and services.”

So, they eat it, just like we have to.
If they pass to much of their taxes on to the consumer, guess what?
They won't have many return customers.
If corporations want to profit from doing business in America, they can kick in to support it, just like we do.
Like another commenter stated, did corporations lower prices after receiving all those tax cuts, give their employees a raise or open new location?
No.

May 17 2018
We’re starting to learn what America’s biggest companies are doing with the huge windfalls from President Donald Trump’s tax cuts. And the answer is great for investors – but not so great for workers.

That’s because many companies are returning huge portions of their billions in tax savings to shareholders in the form of share buybacks and dividend increases — not necessarily new hiring and investment.

Companies are on track to plow a record $1 trillion into boosting dividends and buying back their own stock this year, says Howard Silverblatt, senior index analyst S&P Dow Jones Indices.

Buybacks are a strategy to boost stock prices – by reducing the number of shares outstanding, which artificially increases a company’s earning per share. But they do little to improve the economy.
money.com › companies-spending-trump-tax-cuts

"Tax cuts are passed onto the consumer" is the reason given for the past 40 years of not raising or raising the corporate tax rate.

As effective as corporate tax cuts "pay for themselves".
 

Blues Man

Gold Member
Joined
Aug 28, 2016
Messages
13,297
Reaction score
4,324
Points
290
Yes, comrade. To not take someone's money is to give them money because all money is the people's money, heir Marx
Alas, Trump's tax cuts were not equally distributed with some getting to keep more of their money than others. That sounds like communism to me.

So people keeping more of their own money is communism now?
If you get to keep all your money while I'm still paying taxes that you benefit from, you can call it what you will, I don't like it.

So you must not like that more than 40% of people pay no income tax at all right?
If they are poor, no problem. If they are billionaires, problem.
so now you do think it's ok for some people not to pay taxes.

And what billionaire pays zero taxes?
So you think "billionaires" do
youre thinking about the lockdown and how its the biggest transfer of wealth from th poor to the rich in history
As if the bottom has wealth to transfer. Are you just letting a monkey run over your keyboard?

The biggest wealth transfer was the government telling wealthy and corporations that they didn’t have to pay taxes but could just keep amassing wealth at historic rates.Damn the righties are broken Intellectually.

Another Marxist who says not taking their money is giving them money
Let’s get rid of all government and all taxes. Are you an anarchist?? Fucking anarchist here. Kaz is an anarchist!!!

So our choices are that all the money is the governments and everything they don't take is giving us money or zero taxes and anarchy.

What a dumb ass
What makes 21% American freedom and 28% everything? So little brainpower on the right. You guys only know how to cry Wolf and use buzzwords. You want to debate be honest about it:

- Our tax structure has put wealth in record level concentrations at the top
- Our tax structure is creating world record deficits.
- Republicans out spent Democrats in the last several decades
- There is only one answer: Raise taxes to reduce deficits and spread out wealth accumulation so that it benefits the bottom much more than it does today.
What more do you poor people want?

That's so idiotic because 200 years ago there were far fewer "filthy rich" than today.
But more importantly 200 years ago those few "filthy rich" didn't have what YOU a dummy poor has today!
A) NO internet meaning instant answers to any dummies questions...
B) NO cell phone... again instant communication with anyone anywhere in the world. What did the "filthy rich" have equal to it?
Our analysis shows that there were approximately 10 million free government cell phone users at the end of 2013.
C) Did the "filthy rich" have free housing as" over 5 million low-income households receive federal rental assistance."
Federal Rental Assistance Fact Sheets | Center on Budget and Policy Priorities
D) How many people get some kind of welfare payments?
There are over 59 million Americans that receive welfare during an average month. SNAP is the biggest welfare program in the US. Children, the disabled and elderly constitute the majority of public benefit recipients.
What more do you poor people want?
This is a federally-funded emergency increase in unemployment benefits which provides an additional $600 per week to individuals who receive a weekly benefit of at least $1 in the following unemployment benefits.
$2,400/month -- $28,800 a year in addition to no rent to pay, free food... free health care? What more do you poor people want?

Yeah they pay capital gains taxes, property taxes etc

And it's spending that creates deficits.
 

Smokin' OP

Gold Member
Joined
Feb 24, 2021
Messages
1,171
Reaction score
544
Points
163
Location
Florida
Yes, comrade. To not take someone's money is to give them money because all money is the people's money, heir Marx
Alas, Trump's tax cuts were not equally distributed with some getting to keep more of their money than others. That sounds like communism to me.

So people keeping more of their own money is communism now?
If you get to keep all your money while I'm still paying taxes that you benefit from, you can call it what you will, I don't like it.

So you must not like that more than 40% of people pay no income tax at all right?
If they are poor, no problem. If they are billionaires, problem.
so now you do think it's ok for some people not to pay taxes.

And what billionaire pays zero taxes?
So you think "billionaires" do
youre thinking about the lockdown and how its the biggest transfer of wealth from th poor to the rich in history
As if the bottom has wealth to transfer. Are you just letting a monkey run over your keyboard?

The biggest wealth transfer was the government telling wealthy and corporations that they didn’t have to pay taxes but could just keep amassing wealth at historic rates.Damn the righties are broken Intellectually.

Another Marxist who says not taking their money is giving them money
Let’s get rid of all government and all taxes. Are you an anarchist?? Fucking anarchist here. Kaz is an anarchist!!!

So our choices are that all the money is the governments and everything they don't take is giving us money or zero taxes and anarchy.

What a dumb ass
What makes 21% American freedom and 28% everything? So little brainpower on the right. You guys only know how to cry Wolf and use buzzwords. You want to debate be honest about it:

- Our tax structure has put wealth in record level concentrations at the top
- Our tax structure is creating world record deficits.
- Republicans out spent Democrats in the last several decades
- There is only one answer: Raise taxes to reduce deficits and spread out wealth accumulation so that it benefits the bottom much more than it does today.
What more do you poor people want?

That's so idiotic because 200 years ago there were far fewer "filthy rich" than today.
But more importantly 200 years ago those few "filthy rich" didn't have what YOU a dummy poor has today!
A) NO internet meaning instant answers to any dummies questions...
B) NO cell phone... again instant communication with anyone anywhere in the world. What did the "filthy rich" have equal to it?
Our analysis shows that there were approximately 10 million free government cell phone users at the end of 2013.
C) Did the "filthy rich" have free housing as" over 5 million low-income households receive federal rental assistance."
Federal Rental Assistance Fact Sheets | Center on Budget and Policy Priorities
D) How many people get some kind of welfare payments?
There are over 59 million Americans that receive welfare during an average month. SNAP is the biggest welfare program in the US. Children, the disabled and elderly constitute the majority of public benefit recipients.
What more do you poor people want?
This is a federally-funded emergency increase in unemployment benefits which provides an additional $600 per week to individuals who receive a weekly benefit of at least $1 in the following unemployment benefits.
$2,400/month -- $28,800 a year in addition to no rent to pay, free food... free health care? What more do you poor people want?

Yeah they pay capital gains taxes, property taxes etc

And it's spending that creates deficits.

Yeah, SPENDING on tax cuts, increases the deficit.

And no, most get property tax cut for decades, sometimes even permanent property tax breaks.

In 2016, Joseph Co. International embarked on a research and manufacturing campus for the Chill-Can on Youngstown’s East Side. To spur development, the city awarded the firm a $1.5 million grant and a 75% abatement on property taxes for a decade. The company has until August 2021 to fulfill its jobs pledge.

Allied, a steel erecting and dismantling company, twice received incentive packages, only to renege on both. In 1994, the city awarded the company a 100% abatement on property taxes over a 10-year period because it was expanding operations; in exchange, Allied agreed to add 50 jobs to its payroll. But after a decade, the company reported no additional jobs.

In 2002, Industrial Waste Control, an industrial pressure washing and cleaning service, received a 75% abatement on property taxes after relocating its operation to a larger building at the Ohio Works Business Park. According to its application, Industrial Waste was to use savings from its tax benefits to hire “additional employees and increase wages and benefits” at the new location.
www.propublica.org › article › these-companies-got
 

citygator

Diamond Member
Joined
Jun 23, 2019
Messages
3,670
Reaction score
2,697
Points
1,940
Location
Charlotte
My point exactly. The money needs to be in hands of those who need to spend it. Not for those of us who have what we need and save it.
Do you save it under your pillow or do you save it at the bank, who then loan it out to people who need it to spend?!?
Ahhhh. Another trickle down sunshine pumper. Tells us. How has trickle down been working? Spoiler alert: We’ve never had a more unequal balance of wealth. Ever.
why dont you ever comment on the topic at hand???
I did. You’re going to suggested giving rich people breaks so that they save money and invest in stocks drives the economy and trickles down to workers. It’s bull shit.
 

Blues Man

Gold Member
Joined
Aug 28, 2016
Messages
13,297
Reaction score
4,324
Points
290
Yes, comrade. To not take someone's money is to give them money because all money is the people's money, heir Marx
Alas, Trump's tax cuts were not equally distributed with some getting to keep more of their money than others. That sounds like communism to me.

So people keeping more of their own money is communism now?
If you get to keep all your money while I'm still paying taxes that you benefit from, you can call it what you will, I don't like it.

So you must not like that more than 40% of people pay no income tax at all right?
If they are poor, no problem. If they are billionaires, problem.
so now you do think it's ok for some people not to pay taxes.

And what billionaire pays zero taxes?
So you think "billionaires" do
youre thinking about the lockdown and how its the biggest transfer of wealth from th poor to the rich in history
As if the bottom has wealth to transfer. Are you just letting a monkey run over your keyboard?

The biggest wealth transfer was the government telling wealthy and corporations that they didn’t have to pay taxes but could just keep amassing wealth at historic rates.Damn the righties are broken Intellectually.

Another Marxist who says not taking their money is giving them money
Let’s get rid of all government and all taxes. Are you an anarchist?? Fucking anarchist here. Kaz is an anarchist!!!

So our choices are that all the money is the governments and everything they don't take is giving us money or zero taxes and anarchy.

What a dumb ass
What makes 21% American freedom and 28% everything? So little brainpower on the right. You guys only know how to cry Wolf and use buzzwords. You want to debate be honest about it:

- Our tax structure has put wealth in record level concentrations at the top
- Our tax structure is creating world record deficits.
- Republicans out spent Democrats in the last several decades
- There is only one answer: Raise taxes to reduce deficits and spread out wealth accumulation so that it benefits the bottom much more than it does today.
What more do you poor people want?

That's so idiotic because 200 years ago there were far fewer "filthy rich" than today.
But more importantly 200 years ago those few "filthy rich" didn't have what YOU a dummy poor has today!
A) NO internet meaning instant answers to any dummies questions...
B) NO cell phone... again instant communication with anyone anywhere in the world. What did the "filthy rich" have equal to it?
Our analysis shows that there were approximately 10 million free government cell phone users at the end of 2013.
C) Did the "filthy rich" have free housing as" over 5 million low-income households receive federal rental assistance."
Federal Rental Assistance Fact Sheets | Center on Budget and Policy Priorities
D) How many people get some kind of welfare payments?
There are over 59 million Americans that receive welfare during an average month. SNAP is the biggest welfare program in the US. Children, the disabled and elderly constitute the majority of public benefit recipients.
What more do you poor people want?
This is a federally-funded emergency increase in unemployment benefits which provides an additional $600 per week to individuals who receive a weekly benefit of at least $1 in the following unemployment benefits.
$2,400/month -- $28,800 a year in addition to no rent to pay, free food... free health care? What more do you poor people want?

Yeah they pay capital gains taxes, property taxes etc

And it's spending that creates deficits.

Yeah, SPENDING on tax cuts, increases the deficit.

And no, most get property tax cut for decades, sometimes even permanent property tax breaks.

In 2016, Joseph Co. International embarked on a research and manufacturing campus for the Chill-Can on Youngstown’s East Side. To spur development, the city awarded the firm a $1.5 million grant and a 75% abatement on property taxes for a decade. The company has until August 2021 to fulfill its jobs pledge.

Allied, a steel erecting and dismantling company, twice received incentive packages, only to renege on both. In 1994, the city awarded the company a 100% abatement on property taxes over a 10-year period because it was expanding operations; in exchange, Allied agreed to add 50 jobs to its payroll. But after a decade, the company reported no additional jobs.

In 2002, Industrial Waste Control, an industrial pressure washing and cleaning service, received a 75% abatement on property taxes after relocating its operation to a larger building at the Ohio Works Business Park. According to its application, Industrial Waste was to use savings from its tax benefits to hire “additional employees and increase wages and benefits” at the new location.
www.propublica.org › article › these-companies-got
The reason a town might give favorable property tax treatment is so that a business will build there and employ people of the town.

You are equating a business with a person.

The people who own the business and draw salaries pay income taxes, they pay property taxes on their homes, excise taxes on their cars etc

People who live off of their investments pay capital gains taxes

Every dollar a business earns in profit is taxed eventually. And in some cases is taxed twice.
 

Most reactions - Past 7 days

Forum List

Top