IRS Wins $109 Million Court Case, Defeats ‘Project Soy’ Tax Maneuver

[Grumblenuts]

Corporations raise prices and the public ends up paying the taxes charged to corporations. Besides that Corporations are double taxed. The owners pay extra taxes above that the corporations pay.

You've earned a reality check. Life guarantees only two things:

1. Taxes
2. Death

Get used to it.

 

[Robert W]

You've earned a reality check. Life guarantees only two things:

1. Taxes
2. Death

Get used to it.

In particular cases, the Government controls when one dies.
If you truly enjoy being a slave to the politicians, your selected rulers, well I do not feel sorry if you pay 90 percent of your income in taxes. Then of course you also pay other taxes. Like Sales taxes. My aim is to reduce this to just sales taxes.

 

[martybegan]

neither do that. That is the problem.



no, you do by your vote of approval in the ballot box.

There is a difference even if you don't want to admit it.

The only quick option is to go the barricades, you willing to do that?

Of course there is a third option, 3rd party. but one grown from the ground UP, not playing spoiler solo as a Presidential Candidate.

 

[Grumblenuts]

Now let's factcheck this:

Corporations raise prices and the public ends up paying the taxes charged to corporations. Besides that Corporations are double taxed. The owners pay extra taxes above that the corporations pay.

We start with "corporate profit." The (Big) corporation makes more money than it requires to operate. The state taxes or demands a portion of that profit or excess in exchange for all the direct and indirect benefits that such (Big) corporations enjoy while operating within the state's geographical boundaries. So yes, they get taxed once, if.., if.. they show a profit.

Far as the rest, you can't have it both ways. The whole point of incorporating is to distance oneself from liability or pass the risk of being in business on to the wider public as much as possible. Because.. obviously "the owners" are not the corporation. They are deliberately separate. Yet they demand ever increasing dividends and stock options which cause inflation.

Oh, horrors. These separate "owners" have to pay taxes on their dividends and capital gains. At a much reduced rate compared to what Joe Sixpack Working Slob pays for his "income".. Let us all pause and clutch our pearls together in pity..

 

[Robert W]

Now let's factcheck this:

We start with "corporate profit." The (Big) corporation makes more money than it requires to operate. The state taxes or demands a portion of that profit or excess in exchange for all the direct and indirect benefits that such (Big) corporations enjoy while operating within the state's geographical boundaries. So yes, they get taxed once, if.., if.. they show a profit.

Far as the rest, you can't have it both ways. The whole point of incorporating is to distance oneself from liability or pass the risk of being in business on to the wider public as much as possible. Because.. obviously "the owners" are not the corporation. They are deliberately separate. Yet they demand ever increasing dividends and stock options which cause inflation.

Oh, horrors. These separate "owners" have to pay taxes on their dividends and capital gains. At a much reduced rate compared to what Joe Sixpack Working Slob pays for his "income".. Let us all pause and clutch our pearls together in pity..

At least you seem to show sympathy for unfair taxes only for a fringe group you call joe sixpack. But Joe also enjoys the same things the rich enjoy. Decent roads most of which are created by states and cities. Developers originate many roads then by law are forced to hand them over to cities. And the city then manages the roads.

Corporations were created so a huge group of humans can collectively own and manage at times, huge factories and sure, even farms. It is fair to tax the owners yet I wish the tax was on sales and not incomes. But to levy a rate on the corporation which as we all know is on paper and not a person, is dumb government. And this is why I object so much to Democrats. They believe in taxing in effect buildings and machines.

Worse, even mom and pop are levied on their machines, called cars and pick up trucks.

We are not taxed just on incomes. We also get taxed on things we buy and things we currently own. If this is not being overtaxed, I sure need to learn what is fair.

The Three Basic Tax Types

Discover the three basic tax types—taxes on what you earn, taxes on what you buy, and taxes on what you own. Learn more.

taxfoundation.org

 

[Robert W]

Now let's factcheck this:

We start with "corporate profit." The (Big) corporation makes more money than it requires to operate. The state taxes or demands a portion of that profit or excess in exchange for all the direct and indirect benefits that such (Big) corporations enjoy while operating within the state's geographical boundaries. So yes, they get taxed once, if.., if.. they show a profit.

Far as the rest, you can't have it both ways. The whole point of incorporating is to distance oneself from liability or pass the risk of being in business on to the wider public as much as possible. Because.. obviously "the owners" are not the corporation. They are deliberately separate. Yet they demand ever increasing dividends and stock options which cause inflation.

Oh, horrors. These separate "owners" have to pay taxes on their dividends and capital gains. At a much reduced rate compared to what Joe Sixpack Working Slob pays for his "income".. Let us all pause and clutch our pearls together in pity..

Democrats are proud to claim Corporations are not people.

So when you tax corporations, you tax what amounts to land, buildings, machines but the owners pay more taxes than that. They also pay taxes on profits and also due to being owners, get jabbed for taxes paid by the corporations.
We must have corporations. This will let a group who are not rich, gain wealth over time and not have to work a day job for an income. They can make money off of money.

So what is the excuse to tax buildings and machines?