Fair taxation.

[CultureCitizen]

The rich can afford a few more percentage. Most of that percent would sit in the bank anyways.

'Sit in the bank.'

Do you think that a bank actually takes that money and places it in a vault? I find it laughable that so many seem to think that money simply stays unproductive if it is not spent. That is not how our system works. the only money that is truly unproductive is that money sitting in your pocket.

I am amazed at how people assume that the money deposited in the bank will automatically be used in some productive investmend and increase its net worth.
No FA_Q2, it will not be locked in a vault, instead it will be invested in a subprime mortgage which was rated as AAA or into a shale oil company that has to drill at full speed to minimize its losses... then the bank will ask to be bailed out.
Yes , there are other options, it may get invested into a foreign company , which will create goods that will later be imported by the USA .
In any case, nothing guarantees that money will actually beneffit the economy of the USA... the bankers ,sure, they will get proffit and tax breaks... so be it.

 

[EdwardBaiamonte]

Looking at the charts below I get the impression that corporations are not paying their fair share of taxes.
Is there a way to get to the pre- 70's situation where they payed their fair share of taxes ?

dear, we have corporate taxes only to pander to the pure ignorance of liberals. A corporate tax like and any cost is simple passed on to consumers in the form of higher prices. Do you grasp the concept? Corporations are tax collectors , not tax payers.

 

[CultureCitizen]

Looking at the charts below I get the impression that corporations are not paying their fair share of taxes.
Is there a way to get to the pre- 70's situation where they payed their fair share of taxes ?

dear, we have corporate taxes only to pander to the pure ignorance of liberals. A corporate tax like and any cost is simple passed on to consumers in the form of higher prices. Do you grasp the concept? Corporations are tax collectors , not tax payers.

Tax collectors ... and bailout beneficiaries, that's clear enough... not so 60 years ago.

Since offshoring seems such a good idea for some corporations, this is what Germany did:

Taxation in Germany - Wikipedia the free encyclopedia

"Corporations domiciled or managed in Germany are deemed to have full corporation tax liability. This means that their domestic and foreign earnings are all taxable in Germany. Some corporate enterprises are exempted from corporation tax, e.g. charitable foundations, Church institutions, and sports clubs."

...and no , they can't transfer the whole cost to the consumer, unless they are a monopoly or demand is completely inelastic.

Mind you ... do you happen to own several millions in stock from several big corporations... I mean that would certainly explain your attitude towards corporations

 

[EdwardBaiamonte]

Looking at the charts below I get the impression that corporations are not paying their fair share of taxes.
Is there a way to get to the pre- 70's situation where they payed their fair share of taxes ?

dear, we have corporate taxes only to pander to the pure ignorance of liberals. A corporate tax like and any cost is simple passed on to consumers in the form of higher prices. Do you grasp the concept? Corporations are tax collectors , not tax payers.

Tax collectors ... and bailout beneficiaries, that's clear enough... not so 60 years ago.

Since offshoring seems such a good idea for some corporations, this is what Germany did:

Taxation in Germany - Wikipedia the free encyclopedia

"Corporations domiciled or managed in Germany are deemed to have full corporation tax liability. This means that their domestic and foreign earnings are all taxable in Germany. Some corporate enterprises are exempted from corporation tax, e.g. charitable foundations, Church institutions, and sports clubs."

dear, as a typical liberal you fail to grasp the point. Any tax is a cost and simply passed on to consumers in the form of higher prices. Did you ever wonder why an apple is priced less than a Rolls Royce? Ans: a Rolls has higher costs which of course are passed on to consumers in the form of higher prices. Now you know why the price of a Rolls is higher than the cost of an apple.

Isn't thinking fun?

 

[CultureCitizen]

Looking at the charts below I get the impression that corporations are not paying their fair share of taxes.
Is there a way to get to the pre- 70's situation where they payed their fair share of taxes ?

dear, we have corporate taxes only to pander to the pure ignorance of liberals. A corporate tax like and any cost is simple passed on to consumers in the form of higher prices. Do you grasp the concept? Corporations are tax collectors , not tax payers.

Tax collectors ... and bailout beneficiaries, that's clear enough... not so 60 years ago.

Since offshoring seems such a good idea for some corporations, this is what Germany did:

Taxation in Germany - Wikipedia the free encyclopedia

"Corporations domiciled or managed in Germany are deemed to have full corporation tax liability. This means that their domestic and foreign earnings are all taxable in Germany. Some corporate enterprises are exempted from corporation tax, e.g. charitable foundations, Church institutions, and sports clubs."

dear, as a typical liberal you fail to grasp the point. Any tax is a cost and simply passed on to consumers in the form of higher prices. Did you ever wonder why an apple is priced less than a Rolls Royce? Ans: a Rolls has higher costs which of course are passed on to consumers in the form of higher prices. Now you know why the price of a Rolls is higher than the cost of an apple.

Isn't thinking fun?

Edward, a tax like the VAT is transfered directly to a consumer. A corporate tax is similar , but not exactly the same.
Ok , let's say we have two companies producing cars. One American , and another from Germany.

Now , let's suppose corporate taxes are actually enacted in the USA... and the company decides to transfer the cost to the consumers so that their proffits stay the same... now the German cars are cheaper, so the consumer will probably go for the german car. This will certainly lower the sales of the American company. Confronted with this new reallity the American company can either cut down its cost ( with cheaper materials and more efficint production or ... god forbid it bribing the congress so they don't charge corporate taxes) or face its declining sales.
Global trade plays both ways.
Isn't thinking fun too ?

 

[EdwardBaiamonte]

Global trade plays both ways.
Isn't thinking fun too ?

yes dear global trade plays both ways and in this case against America since idiotic liberals have imposed the highest corporate tax in the world on American corporations, and it drives out corporations, jobs, and investment capital. Thats is bad not good!!!

Does the liberal understand her abc's now?

 

[CultureCitizen]

Global trade plays both ways.
Isn't thinking fun too ?

yes dear global trade plays both ways and in this case against America since idiotic liberals have imposed the highest corporate tax in the world on American corporations, and it drives out corporations, jobs, and investment capital. Thats is bad not good!!!

Does the liberal understand her abc's now?

Isn't my english plain enough? I am not advocating for a higher corporate tax rate, rather for a lower tax rate "on global income" just as germans do.

Global tax -> It doesn't matter if you try to pour all your income into a luxemburg office , because you STILL get taxed... even double taxed.

"Corporations domiciled or managed in Germany are deemed to have full corporation tax liability. This means that their domestic and foreign earnings are all taxable in Germany. Some corporate enterprises are exempted from corporation tax, e.g. charitable foundations, Church institutions, and sports clubs."

Lower tax -> So companies don't feel compelled to rush their money out of the country.

Is the picture clearer now ?

 

[EdwardBaiamonte]

Global tax -> It doesn't matter if you try to pour all your income into a luxemburg office , because you STILL get taxed... even double taxed.

dear, we don't want double or triple taxes to drive up prices and make us poorer. We don't want the highest tax rate in the world!! It raises prices and makes us poorer. You want to tax them more now in the miidle of the slowest recovery since the Great Depression when we face new competition from india and China etcetc. How smart is that?

 

[CultureCitizen]

Global tax -> It doesn't matter if you try to pour all your income into a luxemburg office , because you STILL get taxed... even double taxed.

dear, we don't want double or triple taxes to drive up prices and make us poorer. We don't want the highest tax rate in the world!! It raises prices and makes us poorer. You want to tax them more now in the miidle of the slowest recovery since the Great Depression when we face new competition from india and China etcetc. How smart is that?

Edward,
So , you are saying , that in spite of free market, corporations will keep their prices up rather than try to become more efficient? That's not how markets work... I mean, unless you are living under a state sponsered oligopoly.

Oh , poor little corporations, you make my heart sad, I feel like crying , how unempathic of me, I mean ... they took a hard hit after the crisis and they ar barely just recovering. Its not really like they are making any proffits, you are right, we should just make corporate taxes disapear.

The GDP of the USA grew 16% since 2009, the corporate proffits have grown 42% and the average income has dropped from 56 K to 51 K. And yet the share of payroll tax has increased... it seems the invisible hand of the "not too free market" has transformed into a middle finger.

 

[EdwardBaiamonte]

Edward,
So , you are saying , that in spite of free market, corporations will keep their prices up rather than try to become more efficient?

dear, under capitalism you have to be more and more efficient to survive in a competitive environment. A child would know this.

Do you see why we say that liberalism is based in pure ignorance?

 

[EdwardBaiamonte]

, you are right, we should just make corporate taxes disapear.

exactly because they just pass the tax on, like any cost, to us. Do you get it?? We pay the corporate tax. We have the tax only because idiotic liberals lack the IQ to know who really pays the tax.
A liberal is a brain washed Nazi Marxist who has been trained to hate corporations and then parrot that hatred despite it being 1000% ignorant. Just us you might look at Ancient Romans as uncivilized we look at your Nazi Marxism the same way because of the pure ignorance on which it is based.

Do you understand now?

 

[CultureCitizen]

Edward,
So , you are saying , that in spite of free market, corporations will keep their prices up rather than try to become more efficient?

dear, under capitalism you have to be more and more efficient to survive in a competitive environment. A child would know this.

Do you see why we say that liberalism is based in pure ignorance?

Oh really ?

Liberalism - Wikipedia the free encyclopedia
"Classical liberals were committed to individualism, liberty and equal rights. The primary intellectual influences on 19th century liberal trends were those of Adam Smith and the classical economists, and Jeremy Bentham and John Stuart Mill."

who is the ignorant then ?

 

[EdwardBaiamonte]

Edward,
So , you are saying , that in spite of free market, corporations will keep their prices up rather than try to become more efficient?

dear, under capitalism you have to be more and more efficient to survive in a competitive environment. A child would know this.

Do you see why we say that liberalism is based in pure ignorance?

Oh really ?

Liberalism - Wikipedia the free encyclopedia
"Classical liberals were committed to individualism, liberty and equal rights. The primary intellectual influences on 19th century liberal trends were those of Adam Smith and the classical economists, and Jeremy Bentham and John Stuart Mill."

who is the ignorant then ?

dear, please tell us what point you are trying to make??

 

[HereWeGoAgain]

Has the tax gotten less, or has GDP grown?

Well , if you look at the first chart , it is clear that the tax has gotten less , because it is charted as a percentage of gdp.

Corporations dont pay taxes,they just pass the cost increase on to the consumer.

 

[EdwardBaiamonte]

Has the tax gotten less, or has GDP grown?

Well , if you look at the first chart , it is clear that the tax has gotten less , because it is charted as a percentage of gdp.

Corporations dont pay taxes,they just pass the cost increase on to the consumer.

yes a tax is a cost like any cost that will passed on in the form of higher prices.

A liberal will simply lack the IQ to understand the concept.

 

[CultureCitizen]

Edward,
So , you are saying , that in spite of free market, corporations will keep their prices up rather than try to become more efficient?

dear, under capitalism you have to be more and more efficient to survive in a competitive environment. A child would know this.

Do you see why we say that liberalism is based in pure ignorance?

Oh really ?

Liberalism - Wikipedia the free encyclopedia
"Classical liberals were committed to individualism, liberty and equal rights. The primary intellectual influences on 19th century liberal trends were those of Adam Smith and the classical economists, and Jeremy Bentham and John Stuart Mill."

who is the ignorant then ?

dear, please tell us what point you are trying to make??

Edward ,
You wrote :"liberalism is based in pure ignorance"
It is self evident you don't have the slightest idea of what liberalism is from either an economic or a social point of view. Hence my quote: Adam Smith was the father of liberal economy.
You "might" be against social liberalism ... which would be a bit awkward given your apparent love for liberal economy and laissez faire.

 

[EdwardBaiamonte]

It is self evident you don't have the slightest idea of what liberalism is.

dear present your evidence or admit as a typical liberal you lack the IQ to be here?

Here's a book to read to learn the difference between classical liberals and modern liberals. Do you understand now?


Epstein’s most recent book, The Classical Liberal Constitution: The Uncertain Quest for Limited Government, seeks to explain and defend his theory of constitutional understanding.

 

[Pop23]

No because they will simply offshore and produce elsewhere.

The world is not the same as it was 40 years ago, don't try and make it so.

Offshore ? Is there anything left to be offshored?

agriculture: 1.1%
industry: 19.5%
services: 79.4%
The industrial production is only 19.5%.
It is time to start asking what else can actually be offshored?
The retail sector, healthcare, banking, insurance, education, transport?

The World Factbook

You've not heard of amazon

Good lord

 

[EdwardBaiamonte]

No because they will simply offshore and produce elsewhere.

The world is not the same as it was 40 years ago, don't try and make it so.

Offshore ? Is there anything left to be offshored?

agriculture: 1.1%
industry: 19.5%
services: 79.4%
The industrial production is only 19.5%.
It is time to start asking what else can actually be offshored?
The retail sector, healthcare, banking, insurance, education, transport?

The World Factbook

You've not heard of amazon

Good lord

we could on shore 30 million jobs tomorrow by just eliminating the corporate tax and making unions illegal again!

 

[CultureCitizen]

No because they will simply offshore and produce elsewhere.

The world is not the same as it was 40 years ago, don't try and make it so.

Offshore ? Is there anything left to be offshored?

agriculture: 1.1%
industry: 19.5%
services: 79.4%
The industrial production is only 19.5%.
It is time to start asking what else can actually be offshored?
The retail sector, healthcare, banking, insurance, education, transport?

The World Factbook

You've not heard of amazon

Good lord

we could on shore 30 million jobs tomorrow by just eliminating the corporate tax and making unions illegal again!

LOL! What percent of the workers have a union ? It's less than 10% ... it doesnt make sense !!