[DeTomaso] NPC - Corporate taxes

[Rob Dumoulin]

I promise that this is the last post I will give on this subject.  I JUST
WANT TO FIX AND DRIVE MY CARS!

Leave politics out of it and It is not hard to understand.  It is simple
economics and common sense.  When all US corporations pay more taxes, the
price of all US-produced retail goods goes up and the world pays more for
US-produced goods.  Tax the citizen with Income tax or tax the companies.
 Either way, the government gets its monies and, according to many
opinions, squanders it away. While shifting the tax burden to companies
makes "have nots" feel like they are sticking it to the man, in reality,
they are either paying more for US goods or they are buying cheaper goods
from overseas.  Which one do you think occurs?  China gets the sale and US
companies lay off workers or move overseas to stay competitive.

If everybody would just read the book on the Fair Tax, I'd bet 95% of these
arguments would go away.  The US Government is broke.  It need fixing and
that fix is not more taxes on corporations or individuals.  It is less
spending.  Maybe if that occurs, we can all start getting back to our cars
again.

Can I start the next discussion?  How about a carbon tax on Italian muscle
cars?



On Mon, Nov 8, 2010 at 5:01 PM, Larry Finch <fresnofinches at aol.com> wrote:

>
>  While tax RATES are an interesting portion of the issue, I haven't seen
> any of my detractors contest
> my post which pointed out the actual share of overall US taxes received
> that are PAID by corporations has
> been lessening while the individuals' portion has been increasing.
>
> But those figures aren't what my detractors want to learn about, or
> apparently, comprehend.
>
> Perhaps the corporate-politico-lobbyist machine has added enough loopholes
> and write-offs in recent decades to
> give the "high taxes are killing us" corporate crocodile tears apparent
> validity to those not willing to look at the
> bottom line of who is now actually PAYING what?
>
> And just for the record, just as both sides of the aisle are in the pocket
> of the Wall Street-corporate machine, so too is the corporate-owned media.
> They depend on advertising, not letters to the editor. They know who to
> side with, and despite the off-repeated 'liberal media' buzzword,
> for the most part the media's agenda is not the Common Man's agenda.
>
> Larry
>
> P.S. - Ken, I'm still waiting to hear the details on the Civil War you
> alluded to in your recent post. Or did I infer something other than what you
>          meant by your use of the word revolution? To me a revolution is an
> internal armed uprising against a government. You could have said
>          it would be time for increased political action, time to propose
> and pass changes to the constitution, time for peaceful demonstrations to
>          garner support for changes in laws and regulations. But you said
> revolution.
>          Again, please provide the details of just what your revolution
> would entail.
>
>
>
>
>
>
>
>
> -----Original Message-----
> From: Ken Green <kenn_green at yahoo.com>
> To: Doug Braun <doug351c at gmail.com>; fresnofinches at aol.com; Pantera List
> Serve <detomaso at realbig.com>; Christopher Kimball <chrisvkimball at msn.com>
> Sent: Mon, Nov 8, 2010 10:49 am
> Subject: Re: [DeTomaso] NPC - Corporate taxes
>
>
>
>
> 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
>
>
>
>
>
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