[DeTomaso] NPC - Corporate taxes

Peter Kovacs peter-kovacs at sbcglobal.net
Mon Nov 8 21:25:06 EST 2010


So if I have a rental and receive $1000 per month in rent, but pay out $800 per 
month in interest toward the payment, $100 per month in insurance, $150 per 
month toward taxes, and $50 to a gardener......

do I pay $120 in flat tax for the $100 rent when I actually lost $100 assuming 
no repairs?
 
Peter Kovacs
209 345-6708 
209 436-2000 fx




________________________________
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: Mon, November 8, 2010 4:30:24 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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