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Old 01-21-2013, 01:47 PM
 
Location: Tampa Florida
22,241 posts, read 15,314,837 times
Reputation: 4583

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Quote:
Originally Posted by InformedConsent View Post
I'm not just talking about company profit sharing or company stock options. Are you completely unaware of the fact that union pension funds and 401k/IRA accounts are the largest institutional investors in the country? Where do you think all that retirement money is invested?

Corporate profits go to shareholders in the form of dividends, direct distributions, and/or higher share prices due to growing/expanding production capabilities. The shareholders are overwhelmingly those who have a union pension or a 401k/IRA account.

Come on, man, this isn't hard to understand.

Are you willing to levy higher taxes on everyone's retirement income in a misguided effort to go after corporate profits?
There is the basic problem. The fact that the upper income level compensation is growing at nearly 200% a year, middle income compensation is flat and has been for decades, shows the problem. That reality will take us directly to 1929, again. I don't think that is good, perhaps you do.
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Old 01-21-2013, 01:47 PM
 
Location: Palo Alto
12,172 posts, read 7,044,893 times
Reputation: 4175
Quote:
Originally Posted by florida.bob View Post
Which takers are you talking about, the 1/3 of US Corporations that make multiple millions yet pay zero taxes but buy a lot of representatives, those takers?
There is no way for a company with millions in taxable income to pay zero taxes.
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Old 01-21-2013, 01:53 PM
 
Location: Tampa Florida
22,241 posts, read 15,314,837 times
Reputation: 4583
Quote:
Originally Posted by TrapperJohn View Post
There is no way for a company with millions in taxable income to pay zero taxes.
Those companies just have a lot of much larger Additional Child Tax Credits, it's just that they are known by different names.
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Old 01-21-2013, 01:57 PM
 
66,524 posts, read 30,342,821 times
Reputation: 8675
Quote:
Originally Posted by florida.bob View Post
There is the basic problem. The fact that the upper income level compensation is growing at nearly 200% a year, middle income compensation is flat and has been for decades, shows the problem.
How is taxing workers' retirement income via taxing the corporations in which their retirement funds/plans are invested the solution to that problem, Bob?
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Old 01-21-2013, 02:00 PM
 
Location: Boca Raton, FL
5,176 posts, read 8,698,297 times
Reputation: 6194
Smile Oh yes, they do....

Quote:
Originally Posted by Arus View Post
Unless said welfare person is making at least $60,000 a year, no way she is getting a $4000 refund.
I'm amazed at what I see. Usually, people who get EIC get in quick to get their refunds. I've seen them higher than that.
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Old 01-21-2013, 02:01 PM
 
Location: Palo Alto
12,172 posts, read 7,044,893 times
Reputation: 4175
Quote:
Originally Posted by florida.bob View Post
Those companies just have a lot of much larger Additional Child Tax Credits, it's just that they are known by different names.
Then they don't have taxable income.
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Old 01-21-2013, 02:07 PM
 
Location: Southcentral Kansas
44,924 posts, read 28,231,372 times
Reputation: 4269
Quote:
Originally Posted by Seekingcreativity View Post
You just said it, the majority ruled. That's in everything though
I see you didn't hear Obama talking about this not being a nation of takers today in his speech. Oh well, what more can we expect? Surely Media Matters will be posting what he said and will leave out those things that may make him look bad.
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Old 01-21-2013, 02:25 PM
 
Location: WY
5,238 posts, read 3,757,125 times
Reputation: 5918
Quote:
Originally Posted by florida.bob View Post
Which takers are you talking about, the 1/3 of US Corporations that make multiple millions yet pay zero taxes but buy a lot of representatives, those takers?
Nice deflection. Yeah.....there's enough welfare and free stuff floating around for everyone it seems, from the biggest corporations to the smallest welfare mother. None of it is right or just or good. All of it is symptomatic of a system that is unsustainable and that will ultimately bankrupt this country.

But deflecting the observation to which you responded, and sidestepping the issue entirely gets people nowhere. Until we stop doing this, we'll just continue to sink deeper in the mud of the pig trough.

Nobody on either side of the aisle has the balls, spine or will to fix any of the problems that caused us to get to this place. It's sickening.
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Old 01-21-2013, 02:28 PM
 
8,399 posts, read 5,308,750 times
Reputation: 2314
Quote:
Originally Posted by InformedConsent View Post
Where do you think the profits go, Bob? Do they not go to the shareholders, aka union pension funds and 401k/IRA retirement accounts?

Are you willing to tax those more?
Corporate profits and stock market wealth are not shared broadly by all Americans. This is an objective fact.
I suggest you educated yourself.

Corporate profits and stock market wealth go to a relatively small percentage of the population. So making this big lie that raising corporate taxes will hurt everyone's retirement plans is garbage.

In fact if corporate profits were widely shared amongst the population there would be far less income and wealth inequality.

See it sounds good to say that people's pensions/401ks are tied to the stock market and corporate profits but the reality is that average person has very very little wealth in the stock market or corporate profits. The reality is that corporate profits and stock market wealth is overwhelmingly owned by a small percentage.
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Old 01-21-2013, 02:37 PM
 
6,899 posts, read 6,583,587 times
Reputation: 2014
Quote:
Originally Posted by orlandochuck View Post
I paid in about $5000 in federal taxes. I have a co worker who has a daughter that is unemployed, has no ambition to work, on welfare, a single mother of 4 children, all have different fathers. She is getting a $4000 refund. How does she get a refund like that? A refund suggests she paid something in.
This is whats wrong with America.

I see things haven't changed in a month.

How do you know what your co-workers earnings or deductions are? Why are you griping only paying $5K in Federal taxes. Are you trying to tell us, your not getting back any parts of a Federal refund
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