[DeTomaso] NPC - Corporate taxes

Ken Green kenn_green at yahoo.com
Mon Nov 8 13:49:37 EST 2010


Darn it Chris, don't confuse the rhetoric with facts.  The liberal main stream media won't stand for it!
 
Ken

--- On Mon, 11/8/10, Christopher Kimball <chrisvkimball at msn.com> wrote:


From: Christopher Kimball <chrisvkimball at msn.com>
Subject: Re: [DeTomaso] NPC - Corporate taxes
To: "Doug Braun" <doug351c at gmail.com>, fresnofinches at aol.com, "Pantera List Serve" <detomaso at realbig.com>
Date: Monday, November 8, 2010, 9:59 AM



By the way, there was a response about corporate taxes versus personal taxes.  Corporate tax rates are as follows (2209 rates):   

75,000 to 100,000:         34% tax rate
100,000 to            335,000:         39% tax rate

So you'll notice, the tax rates are higher than individual tax rates.  It's true that many large corporations have years when they pay little or no taxes, but in many cases that's because they have carry-forward losses from previous years.  That, or they're getting subsidies from the Government for creating "green energy" products, that on their own wouldn't make a dime, but would instead lose money.  In fact, the head of our regional power company spoke at Rotary the other day, and when questioned, she had to admit that the wind power facilities they are operating would be a total money-losing proposition if it weren't for Federal subsidies.

Oh, and by the way, trust tax rates are even more egregious.  After only the first $11,200 of income, the rate is 35%, or in other words, the same as the top marginal individual rate.

Sincerely,

Chris (the unabashedly conservative President of Panteras Northwest.  The opinions of the President of PNW in no way reflect the opinions of any other member or members, and should not be construed as the official position of the club in political matters, or matters of cooling fans mounted in a Pantera's engine cover.)


> From: doug351c at gmail.com
> To: fresnofinches at aol.com; detomaso at realbig.com
> Date: Mon, 8 Nov 2010 00:36:00 -0800
> Subject: Re: [DeTomaso] NPC - Corporate taxes
> 
> Larry,
> 
> You can be one of those someone's too by not being envious of the profits of
> others.  Obviously, the jobs these corporations provide society are not
> enough blood for you.  You want to bleed the patient until it's dead.  I
> hear liberals complaining at an ever-louder pitch that the rich aren't
> paying their fair share in taxes but the facts tell a different story.  Keep
> in mind that the people in the top 10 percentile (listed below) are mostly
> small businesses (like our Pantera vendors).  And the majority of the people
> on this list lie in the top 25 percentile, otherwise they wouldn't be able
> to afford a Pantera.
> 
> For the period from 1986 to 2008:
> 
> The top 10% of AGI earners saw their share of all income taxes rise from
> 54.7% to 69.9%.
> 
> The top 25% of AGI earners saw their share of all income taxes rise from
> 76.0% to 86.3%.
> 
> How high does the percentage share of taxes on the "producers" in our
> society have to go to satisfy you?
> 
> BTW: Data is sourced from the IRS.
> 
> Doug Braun
> blue 73L #5505
> 
> -----Original Message-----
> From: detomaso-bounces at realbig.com
> [mailto:detomaso-bounces at realbig.com]On Behalf Of Larry Finch
> Sent: Sunday, November 07, 2010 9:42 PM
> To: detomaso at realbig.com
> Subject: [DeTomaso] NPC - Corporate taxes
> 
> So who wouldn't offshore when it can have big effects  on
> 
> your paycheck, even if you know it is not the right thing to do.
> ------------
> Someone with a good character and good morals.
> 
> Someone who could look himself in the mirror and like what he sees.
> 
> Someone who lives the type of life every religion and code of behavior urges
> men to live by.
> 
> Someone not corrupted by greed.
> 
> And boy does this world need a lot more of those someones.
> 
> Larry
> 
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