[DeTomaso] Flat tax

Julian Kift julian_kift at hotmail.com
Mon Nov 8 20:09:24 EST 2010


Shite, I opened this one as it didn't have the 'NPC'; now someone clarify for me is that "No Pantera Content" or "No Political Content"?
 
 
> To: michael at michaelshortt.com; wkooiman at earthlink.net
> Date: Mon, 8 Nov 2010 20:04:45 -0500
> From: fresnofinches at aol.com
> CC: kenn_green at yahoo.com; P6746 at aol.com; detomaso at realbig.com
> Subject: Re: [DeTomaso] Flat tax
> 
> 
> Michael and others,
> 
> 
> Flat tax is one of the new buzzwords. If you Google it, you will have reading for days. ;-)
> 
> Many forms want to tax just earned income. What about dividends,interest and capital gains? Give the upper classes a free ride onthat portion of their income?
> 
> 
> Gross income only? I make $55K working as an electrician for a largecontractor. A contractor friend witha one-man shop makes a gross of $55K, but has to pay for a book keeper, tools andmaterials and advertising. Do we both pay a flat tax on the $55K? Howwould that be fair?
> 
> Do you tax 12% to the family working three part time jobs, having no health insurance, just barely making it week to week and still officially living in the poverty classification?
> 
> Would Corporations pay a flat tax? On what? All gross revenues? All US based income? Deductions for UI, SS, pensions? 
> 
> Flat Tax is another of the buzzwords I've been harping about. It sounds good as a soundbite, but loses its glow when you start trying to define it.
> 
> I fear, no, I KNOW, letting the current political machine devise a FlatTax system would just shift the burden even more to the Middle Class. 
> 
> That is what "they" are now doing, and there is no reason to think a new system devised by the same players, under the same influences, would come up with anything better balanced.
> 
> Larry
> 
> 
> 
> 
> 
> 
> 
> -----Original Message-----
> From: michael at michaelshortt.com <michaelsavga at gmail.com>
> To: wkooiman at earthlink.net
> Cc: detomaso at realbig.com; kenn_green at yahoo.com; chrisvkimball at msn.com; doug351c at gmail.com; P6746 at aol.com; Larry Finch <fresnofinches at aol.com>
> Sent: Mon, Nov 8, 2010 4:30 pm
> Subject: Re: [DeTomaso] NPC - Corporate taxes
> 
> 
> If EVERYBODY paid about 12% of gross income with Zero deductions, we'd be more than flush. I mean everybody, from the kid at McDonalds to Bill Gates. 
> 
> 
> 
> Michael Shortt
> 
> 
> 
> 
> On Nov 8, 2010 7:11 PM, <wkooiman at earthlink.net> wrote:
> > 
> > Maybe the individuals' portion has been increasing because there are fewer individuals working. That's the way percentages work.
> > 
> > In the past 10 years, we've probably lost 10 million jobs due to outsourcing.
> > 
> > And when 10 million jobs go overseas, corporations pay less taxes, so it's a double-whammy.
> > 
> > I guessed at the 10M number. I don't know the actual figure. I'm sure it's a big number, though.
> > 
> > My point is that you are right. Individuals are paying more taxes. And the reason they are paying more taxes is because more jobs are going overseas. If we get the jobs to come back stateside, individuals will pay a lower percentage because it is spread across more people. Corporations will pay a higher percentage because they have to pay for payroll taxes.
> > 
> > -----Original Message-----
> >>From: Larry Finch <fresnofinches at aol.com>
> >>Sent: Nov 8, 2010 4:01 PM
> >>To: kenn_green at yahoo.com, doug351c at gmail.com, detomaso at realbig.com, chrisvkimball at msn.com, P6746 at aol.com
> >>Subject: Re: [DeTomaso] NPC - Corporate taxes
> >>
> >>
> >> 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 
> >>
> >>
> >>
> >>
> >> 
> >>_______________________________________________
> >>
> >>Detomaso Forum Managed by POCA
> >>
> >>Archive Search Engine Now Available at http://www.realbig.com/detomaso/
> >>
> >>DeTomaso mailing list
> >>DeTomaso at list.realbig.com
> >>http://list.realbig.com/mailman/listinfo/detomaso
> > 
> > _______________________________________________
> > 
> > Detomaso Forum Managed by POCA
> > 
> > Archive Search Engine Now Available at http://www.realbig.com/detomaso/
> > 
> > DeTomaso mailing list
> > DeTomaso at list.realbig.com
> > http://list.realbig.com/mailman/listinfo/detomaso
> 
> 
> _______________________________________________
> 
> Detomaso Forum Managed by POCA
> 
> Archive Search Engine Now Available at http://www.realbig.com/detomaso/
> 
> DeTomaso mailing list
> DeTomaso at list.realbig.com
> http://list.realbig.com/mailman/listinfo/detomaso
 		 	   		  


More information about the DeTomaso mailing list