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Old 02-23-2020, 11:58 PM   #131
Mike DZ
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Default Re: What the trade is saying---Auto news (2nd Try)

With all due respect, corporations are merely a pass through mechanism when it comes to taxes. Any increase in corporate taxes just get passed to the customer.
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Old 02-24-2020, 12:01 AM   #132
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Default Re: What the trade is saying---Auto news (2nd Try)

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Originally Posted by lindenengineering View Post
Brightbollocks news.


Stealing from your kids is exactly what's happening. Appalling, IMHO.


.
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Old 02-24-2020, 01:41 AM   #133
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Default Re: What the trade is saying---Auto news (2nd Try)

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With all due respect, corporations are merely a pass through mechanism when it comes to taxes. Any increase in corporate taxes just get passed to the customer.
Well of course !~
All overheads in any business including taxes etc etc & are part of a tax return on my monthlies and annuals. Total overheads are part of the charge out calculation rate to customers in any business. .
I simple ask why do these big corporations get the feather bed treatment when I do not?
And moreover WHY do they deserves this special preferential tax break ?
Dennis
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Old 02-24-2020, 03:37 AM   #134
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Default Re: What the trade is saying---Auto news (2nd Try)

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Originally Posted by lindenengineering View Post
Well of course !~
All overheads in any business including taxes etc etc & are part of a tax return on my monthlies and annuals. Total overheads are part of the charge out calculation rate to customers in any business. .
I simple ask why do these big corporations get the feather bed treatment when I do not?
And moreover WHY do they deserves this special preferential tax break ?
Dennis
They don't deserve it, they scheme and plot and influence decision makers (legally and illegally) to get those tax breaks. As a little guy, you (and I) don't have the wherewithal and connections to pull it off.

Corruption is not a binary state, corruption is a continuum.
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Old 02-24-2020, 11:03 AM   #135
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Default Re: What the trade is saying---Auto news (2nd Try)

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Originally Posted by glasseye View Post


Stealing from your kids is exactly what's happening. Appalling, IMHO.


.

Exactly. And in Canada they tax the families blind, and will get it out of the kids later.


In the US people vote for liars that say they are going to punish corporations, instead send them big bonuses for CEO after they bail out their failed corporations that should have died, AKA GM and Chrysler.


2012 - $1.1 trillion budget deficit
2011 - $1.3 trillion budget deficit
2010 - $1.3 trillion budget deficit
2009 - $1.4 trillion budget deficit


OTOH, Trump got most of his 2016 contributions from individuals, Hilary and the rest got a lot of corporation and foreign money. Of course you all like to forget about that fact.
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Old 02-24-2020, 11:22 AM   #136
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Default Re: What the trade is saying---Auto news (2nd Try)

The fact is the US public either overlook , don't care about tax avoidance by big Corporations because of apathy, or simply applaud ways to avoid paying taxes no matter how hard they look.
Our MR DJT is a poster child for slick tax avoidance schemes in business activities before he got elected.

Here is a sub section of that report to emphasis the fact.
True Corporate Tax Reform Should Start with the Hard Questions: Which Tax Loopholes Will Be Repealed?
In the run-up to the tax reform debate of late 2017, the basic outline of U.S. tax avoidance was well known to federal lawmakers. Reports from ITEP, as well as various government agencies, had documented how Fortune 500 companies were using legal tax breaks to shelter close to half of their income from federal taxes, meaning that even with a 35 percent tax rate the yield of our corporate tax was low and getting lower. But when Congress and the Trump Administration pushed through a technically flawed set of corporate tax changes as part of the Tax Cuts and Jobs Act (TCJA) in December of 2017, the new law cut the statutory tax rate to 21 percent, while leaving intact most of the tax breaks that allowed profitable companies to zero out their income taxes. The result, unsurprisingly, has been a continued decline in our already-low corporate tax revenues: in fiscal 2018, U.S. corporate tax revenues fell by 31 percent, according to U.S. Treasury data. This was a more precipitous decline than in any year of normal economic growth in U.S. history.

As this report demonstrates, it’s easy to see which tax breaks are responsible for allowing our biggest and most profitable corporations to avoid income taxes. Lawmakers interested in enacting true tax reform should critically assess the costs of each of existing tax break—including those discussed in this report—and take steps to ensure that profitable corporations pay their fair share of U.S. taxes.

At a time when the public’s confidence in our elected officials and our institutions is especially low, the specter of big corporations avoiding all income taxes on billions in profits sends a strong and corrosive signal to Americans: that the tax system is stacked against them, in favor of corporations and the wealthiest Americans. Sustainable corporate tax reform that focuses on eliminating tax loopholes and shoring up revenues could help allay these fears and can be a vital tool for addressing our nation’s fiscal priorities and making critically needed public investments in our nation’s future.

Think about this, especially you Mr Flimfamman continually posting flimflam to divert the topic. Is this on purpose or is it a dyslexic trait you have?
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Old 02-24-2020, 01:55 PM   #137
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Default Re: What the trade is saying---Auto news (2nd Try)

Why do you blame a corporation for following the tax laws enacted by congress? Should corporations be expected to pay more taxes than the law requires? Your issue is with the tax code and not with corporations that pay what the law requires. On your personal tax return do you pay more tax than what the law requires? I do not.

It is also best to keep in mind that corporations are owned by the stockholders. If you want to share in the profits of a corporation simply own part ownership by buying the stock.
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Old 03-25-2020, 09:27 PM   #138
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Default Re: What the trade is saying---Auto news (2nd Try)

Trump has hurt China so bad, by reinstating the tariffs that traitor Bill waived, that the communist party wants a new leader. Obviously Americans don't feel the same way about their leader.


China: Communist Party Members Share Letter Urging Removal of Xi Jinping

7,837MADOKA IKEGAMI/AFP via Getty Frances Martel24 Mar 20202,081 5:41
Communist Party leaders have reportedly begun circulating a letter demanding an emergency Politburo to address dictator Xi Jinping’s poor performance leading the country, Radio Free Asia (RFA) revealed on Monday.


https://www.breitbart.com/asia/2020/..._content=Final
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