[DeTomaso] NPC - Corporate taxes

Mon Nov 8 20:11:37 EST 2010

Man, wouldn't that be nice?!!
Will (all for flat rate tax)

----- 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>; <P6746 at aol.com>; "Larry 
Finch" <fresnofinches at aol.com>
Sent: Monday, November 08, 2010 7:30 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
>>>
>>>
>>>
>>>
>>>
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