U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 01-15-2011, 06:35 PM
 
19,216 posts, read 12,461,938 times
Reputation: 2337

Advertisements

Of course, this would include all employees of Corporations, too.

Dividend income could be held at a 50% maximum.

Keep non-corporate income taxes at 0%.

This might return some power to the people (Natural Born Persons).

Natural born persons might then have more respect for each other, what with not being treated like meat by the Government.

This could cause a healthy rise in Ma & Pa and other sole proprietorship enterprises.
Reply With Quote Quick reply to this message

 
Old 01-15-2011, 06:44 PM
 
24,843 posts, read 31,241,247 times
Reputation: 11427
Quote:
Originally Posted by ergohead View Post
Of course, this would include all employees of Corporations, too.

Dividend income could be held at a 50% maximum.

Keep non-corporate income taxes at 0%.

This might return some power to the people (Natural Born Persons).

Natural born persons might then have more respect for each other, what with not being treated like meat by the Government.

This could cause a healthy rise in Ma & Pa and other sole proprietorship enterprises.
Did you know most small Mom & Pop businesses are S corp now???

http://www.morebusiness.com/getting_...d934832501.brc
Reply With Quote Quick reply to this message
 
Old 01-15-2011, 08:27 PM
 
Location: Raleigh, NC
20,006 posts, read 15,171,664 times
Reputation: 3739
Quote:
Originally Posted by Driller1 View Post
Did you know most small Mom & Pop businesses are S corp now???

Different Types of Corporations: Advantages/ Disadvantages of Corporations | MoreBusiness.com
/thread
Reply With Quote Quick reply to this message
 
Old 01-15-2011, 08:32 PM
 
Location: Hoboken
19,891 posts, read 15,762,468 times
Reputation: 3123
Well this makes a lot of sense. That is if you no longer want American corporations.
Reply With Quote Quick reply to this message
 
Old 01-15-2011, 08:37 PM
 
19,216 posts, read 12,461,938 times
Reputation: 2337
Quote:
Originally Posted by Driller1 View Post
Did you know most small Mom & Pop businesses are S corp now???

Different Types of Corporations: Advantages/ Disadvantages of Corporations | MoreBusiness.com
Yeah, I forgot.

I AM one.

I'll need to study up to see how the objective would apply.

What I am really curious about is this: Was financial stability maintained in the 50's by virtue of taxing the hell out of big business?

Anyone, including economists, care to comment?
Reply With Quote Quick reply to this message
 
Old 01-15-2011, 08:37 PM
 
37,069 posts, read 38,262,371 times
Reputation: 14831
Where is it you think these corporations get the funds to pay these taxes? In effect they are nothing but tax collectors.

The taxes a corporation or business pays is no different than the light bill, it's juts another expense included in the cost of their product. If anything we should simply eliminate them and move these taxes to national sales tax so the ned consumer can see what they are paying in taxes instead of it being hidden in the cost of the product.
Reply With Quote Quick reply to this message
 
Old 01-15-2011, 08:44 PM
 
19,216 posts, read 12,461,938 times
Reputation: 2337
Quote:
Originally Posted by thecoalman View Post
Where is it you think these corporations get the funds to pay these taxes? In effect they are nothing but tax collectors.

The taxes a corporation or business pays is no different than the light bill, it's juts another expense included in the cost of their product. If anything we should simply eliminate them and move these taxes to national sales tax so the ned consumer can see what they are paying in taxes instead of it being hidden in the cost of the product.
You might be omitting the damper effect it would, or did, put on Wall Street slickery.

How would they bid high if the tax man exacts a high cut?

Wouldn't GM be forced to get back into the auto manufacturing business?
Reply With Quote Quick reply to this message
 
Old 01-15-2011, 08:46 PM
 
Location: Hoboken
19,891 posts, read 15,762,468 times
Reputation: 3123
Quote:
Originally Posted by ergohead View Post
You might be omitting the damper effect it would, or did, put on Wall Street slickery.

How would they bid high if the tax man exacts a high cut?

Wouldn't GM be forced to get back into the auto manufacturing business?
It's a small world, US equities would get crushed, there would be no liquidity and Wall Street would invest and also relocate overseas. Great plan.
Reply With Quote Quick reply to this message
 
Old 01-15-2011, 08:47 PM
 
19,216 posts, read 12,461,938 times
Reputation: 2337
Quote:
Originally Posted by shorebaby View Post
Well this makes a lot of sense. That is if you no longer want American corporations.
ALL corporations doing business with the U.S. would be taxed - foreign corporations would be hit with an American Gross Receipts Tax.
Reply With Quote Quick reply to this message
 
Old 01-15-2011, 08:49 PM
 
19,216 posts, read 12,461,938 times
Reputation: 2337
Quote:
Originally Posted by shorebaby View Post
It's a small world, US equities would get crushed, there would be no liquidity and Wall Street would invest and also relocate overseas. Great plan.
How in the world did it work so well in the 50's?

Fraid of a little austerity?
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top