More class warfare with this "corporate jet" nonsense

[bripat9643]

es.

I paid over 65 grand in taxes this past year.

How much did you pay?

\


I paid much more of a percentage of my ACTUAL INCOME THAN YOU DID!!! It helps that average workers can't hide their income in any way, yes?

Sure they can. Ever heard of doing work "under the table?"

 

[Cecilie1200]

How many "jobs" do you suppose that jet provides?

Manufacturing
Mechanics
Parts suppliers
Pilots
Training schools
Flight stewards

Anyone notice the trickle down effect?

How many taxes are raised because of each jet sold and the jobs it creates.


Stupidity has no limits apparently.

Not to mention that the fees the corporation pays to the airport helps to support all the people who work for that aiport, even the ones who do all their work with the public.

And we DEFINITELY don't want to mention all the people that corporation must be employing in order to have the money to afford - and need - a corporate jet in the first place.

 

[bripat9643]

Politifact.com....

PolitiFact Wisconsin | Michael Moore says 400 Americans have more wealth than half of all Americans combined

uhmmmm . . . . . Politifact totally demolished the claim made in the OP.

The top 400 richest people have a net worth of 1.3 trillion. The total net worth of everyone in the country is about $54 trillion. That means the richest 400 only have about 2.5% of the total wealth, not 50%.

Just as I thought, the claim is total bullshit.

How long has he been spouting this silly claim?
Typical lib......

He will probably continue to spout it for another 20 years.

 

[Cecilie1200]

Nonsense, I remember democrats ripping Al Gore for flying a personal jet all over the world while telling us we need to stop using jet fuel. They're standing on principle people!


Or wait, was I just dreaming when that happened?

It was a nice fantasy while it lasted, wasn't it?

 

[bripat9643]

Capital gains should be taxed no lower than the highest personal income tax bracket.

Capital gains shouldn't be taxed at all. The money has already been taxed once.

 

[Gadawg73]

Folk that own jets should be admired and shown to the youtb as good role models.
THEY EARNED IT.
And those that condemn them as "greedy fucks" such as Obama and his cult should be looked down upon as lazy, jealous and envious fucks.

 

[Cecilie1200]

Class warfare indeed...

We Knew They Got Raises. But This?

Yeah, it's class warfare and the 21st century robber barons are winning...

How is someone else's salary war on YOU? I doubt you're a stockholder in any of these companies, so you're not paying the salaries, and even if you are a stockholder, no one's forcing you to continue being one.

 

[Cecilie1200]

So, you can point to the clause in the Constitution that gives the Government the power to seize the lawfully gained assets of American citizens, right?

Ummm.....Aaaaaaa.....Errrrrrr.....

Hmmmm. Clearly, we need to study the document more.

Probably one of those new "emanations from the penumbra" that that tricky little sucker keeps sprouting every time you take your eyes off it for a few seconds.

 

[Chris]

Most Republicans are on public assistance.

Social Security, Medicare, retired military, etc.....

 

[tjvh]

Let's see, a guy studies hard, works hard, succeeds, buys a jet... Yup, better make him pay DEARLY for his hard work by making him subsidize those who arguably did not put forth the effort. Makes sense to me.

 

[tjvh]

Scapegoating the Taxpayers is all the rage with Socialists/Progressives these days. That's just wrong a pretty low. The Taxpayers didn't spend us into Hell. The Government did that. So Class Warfare really is all they have left. They have to divide the People. Saul Alinsky would be so proud of the Democrats.

Oh how the great Obama was going to unite America, and save US from ourselves. What a joke! I'm not even close to a 1%er, but I sure as hell earned what I have, and feel quite strongly that I shouldn't be forced to share what I have with those who did not, nor will put up the same effort as I did.

 

[JakeStarkey]

Capital gains should be taxed no lower than the highest personal income tax bracket.

Capital gains shouldn't be taxed at all. The money has already been taxed once.

The stock holder's private property is protected by the corporate shield. Thus, yes, he should be taxed twice.

 

[Gadawg73]

Capital gains should be taxed no lower than the highest personal income tax bracket.

Capital gains shouldn't be taxed at all. The money has already been taxed once.

The stock holder's private property is protected by the corporate shield. Thus, yes, he should be taxed twice.

No it is not. Every tax on that plane is the same as if it was owned by a private individual.
The only thing that is protected by the corporate shield is liability.
Nothing to do about taxes.
Difference is that the corporation is taxed once and then again when dividends are paid out the stock holders are taxed on that.
Since the stock holders own the company they are taxed twice.
Terrible for economic growth.

 

[JakeStarkey]

Yes, it is, and quit lying.

You have to pay for your protection behind the shield.

You do not get both the shield and the decrease in taxes.

 

[Gadawg73]

Yes, it is, and quit lying.

You have to pay for your protection behind the shield.

You do not get both the shield and the decrease in taxes.

Jet bought, sales tax paid
Taxes paid everytime you fill it with fuel.
Taxes paid on all maintenance.
Taxes paid when you license it.
Taxes paid when you compy with FAA rules and regs.
Taxes paid when you sell it.
What shield are you talking about that allows them to avoid ANY tax?

 

[Gadawg73]

I own property under my corporations.
Can anyone please tell me what shield I have to avoid paying taxes on any of that property?

 

[JakeStarkey]

Yes, it is, and quit lying.

You have to pay for your protection behind the shield.

You do not get both the shield and the decrease in taxes.

Jet bought, sales tax paid
Taxes paid everytime you fill it with fuel.
Taxes paid on all maintenance.
Taxes paid when you license it.
Taxes paid when you compy with FAA rules and regs.
Taxes paid when you sell it.
What shield are you talking about that allows them to avoid ANY tax?

Don't deflect and tell the truth.

You want to have the shield but only pay your individual taxes, not the corporate income tax as well.

You will never get that.

 

[Foxfyre]

I own property under my corporations.
Can anyone please tell me what shield I have to avoid paying taxes on any of that property?

None, and if much of the current tax code is allowed to expire at the end of this year, you'll have much more liability if you need to sell any of that property or want to pass it on to your kids.

Corporations pay:

Property taxes
Income taxes
Capital gains taxes
Licensing, registration, and other compliance fees
Sales taxes on just about everything they buy and every service they use other than raw materials necessary to produce a product. (However those supplying the raw materials do pay taxes on them and pass that cost on to the corporation.)

If the corporation hires any employees it also pays:

Medicare
SUTA
FUTA
FICA
Work Comp (that is effectively a tax)
And often additional costs for required liability insurance, licenses, and bonds that also are effectively a tax.

Because of the uncertainty involved in the expiring taxes unless Congress acts, because of the uncertainty of the costs of Obamacare if that kicks in, because of the uncertainty of costs related to cap & trade if Obama manages to get that to kick in, and because of the uncertainty of a floundering economy within a business unfriendly government that is still seeking to punish the successful for their success, we continue to have trillions of venture capital sidelined both here in the USA and abroad. Those holding that money are not likely to release much of it until such uncertainties are removed.

 

[Mr Natural]

I own property under my corporations.
Can anyone please tell me what shield I have to avoid paying taxes on any of that property?

None, and if much of the current tax code is allowed to expire at the end of this year, you'll have much more liability if you need to sell any of that property or want to pass it on to your kids.

Corporations pay:

Property taxes
Income taxes
Capital gains taxes
Licensing, registration, and other compliance fees
Sales taxes on just about everything they buy and every service they use other than raw materials necessary to produce a product. (However those supplying the raw materials do pay taxes on them and pass that cost on to the corporation.)

If the corporation hires any employees it also pays:

Medicare
SUTA
FUTA
FICA
Work Comp (that is effectively a tax)
And often additional costs for required liability insurance, licenses, and bonds that also are effectively a tax.

Because of the uncertainty involved in the expiring taxes unless Congress acts, because of the uncertainty of the costs of Obamacare if that kicks in, because of the uncertainty of costs related to cap & trade if Obama manages to get that to kick in, and because of the uncertainty of a floundering economy within a business unfriendly government that is still seeking to punish the successful for their success, we continue to have trillions of venture capital sidelined both here in the USA and abroad. Those holding that money are not likely to release much of it until such uncertainties are removed.

If there were no uncertainties in business, we'd all be rich.

 

[Jarhead]

I own property under my corporations.
Can anyone please tell me what shield I have to avoid paying taxes on any of that property?

None, and if much of the current tax code is allowed to expire at the end of this year, you'll have much more liability if you need to sell any of that property or want to pass it on to your kids.

Corporations pay:

Property taxes
Income taxes
Capital gains taxes
Licensing, registration, and other compliance fees
Sales taxes on just about everything they buy and every service they use other than raw materials necessary to produce a product. (However those supplying the raw materials do pay taxes on them and pass that cost on to the corporation.)

If the corporation hires any employees it also pays:

Medicare
SUTA
FUTA
FICA
Work Comp (that is effectively a tax)
And often additional costs for required liability insurance, licenses, and bonds that also are effectively a tax.

Because of the uncertainty involved in the expiring taxes unless Congress acts, because of the uncertainty of the costs of Obamacare if that kicks in, because of the uncertainty of costs related to cap & trade if Obama manages to get that to kick in, and because of the uncertainty of a floundering economy within a business unfriendly government that is still seeking to punish the successful for their success, we continue to have trillions of venture capital sidelined both here in the USA and abroad. Those holding that money are not likely to release much of it until such uncertainties are removed.

If there were no uncertainties in business, we'd all be rich.

True....uncertainties are a part of running a business...and calculatyed in when making decisions. Those uncertainties usually revolvce around demand changes, competition changes, international issues...etc.

The one reletive constant is the cost of payroll.

Now toss that in as an uncertainty and....well....you have what we have today.