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Old 01-21-2013, 12:38 PM
 
66,239 posts, read 30,145,317 times
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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?
Who makes the multiple millions?

The executives and employees? They pay taxes on their salaries/compensation packages.

The shareholders? Those are union pension funds and non-union 401k/IRA retirement accounts.

Tax everyone's retirement more? Is that really what you want to do?
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Old 01-21-2013, 12:40 PM
 
66,239 posts, read 30,145,317 times
Reputation: 8606
Quote:
Originally Posted by Seekingcreativity View Post
I have no idea at the moment, but there has always been change, and if we can't do it ourselves, then life will make us change, and then life will reboot us humans and see if we learned the lessons from our ancestors. This is not the first time that majority ruled in favor of something that was negative.
That's true. See my reference to why Rome fell.
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Old 01-21-2013, 12:44 PM
 
Location: Fort Worth, TX
1,476 posts, read 1,503,126 times
Reputation: 1588
Quote:
Originally Posted by InformedConsent View Post
That's true. See my reference to why Rome fell.

I was thinking about Rome as well, and there were other mighty empires that failed as well. Things do have a way of repeating itself because we as a race, cannot seem to learn from our ancestors' mistakes in order to keep from falling in the same trap and walking the same path.
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Old 01-21-2013, 12:47 PM
 
66,239 posts, read 30,145,317 times
Reputation: 8606
Quote:
Originally Posted by Seekingcreativity View Post
I was thinking about Rome as well, and there were other mighty empires that failed as well. Things do have a way of repeating itself because we as a race, cannot seem to learn from our ancestors' mistakes in order to keep from falling in the same trap and walking the same path.
Demise by a majority welfare state. Rome's fatal wound. The U.S.'s, as well? We shall see...
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Old 01-21-2013, 12:50 PM
 
Location: Tampa Florida
22,243 posts, read 15,264,019 times
Reputation: 4583
Quote:
Originally Posted by InformedConsent View Post
Who makes the multiple millions?

The executives and employees? They pay taxes on their salaries/compensation packages.

The shareholders? Those are union pension funds and non-union 401k/IRA retirement accounts.

Tax everyone's retirement more? Is that really what you want to do?
Perhaps if you could say employee compensation hasn't stagnated since the 80s and there wasn't a RW movement to shut down unions, you may have a partial point.
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Old 01-21-2013, 12:52 PM
 
66,239 posts, read 30,145,317 times
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Quote:
Originally Posted by florida.bob View Post
Perhaps if you could say employee compensation hasn't stagnated since the 80s and there wasn't a RW movement to shut down unions, you may have a partial point.
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?
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Old 01-21-2013, 01:01 PM
 
691 posts, read 662,398 times
Reputation: 285
Quote:
Originally Posted by faeryedark View Post
It's quite possible that she worked for a minimal amount of time at some point during the year. Also if she got unemloyment benefits and had taxes taken out of them, she would get that back.

So she is getting the benefit of services provided by this government and is not paying for them. That is the definition of a deadbeat.
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Old 01-21-2013, 01:03 PM
 
54 posts, read 68,905 times
Reputation: 66
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.

Yeah, sure.

Nice story, bro.
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Old 01-21-2013, 01:06 PM
 
Location: Tampa Florida
22,243 posts, read 15,264,019 times
Reputation: 4583
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?
I don't recall too much profit sharing or stock options until I became part of management, although the Company I worked for did contribute some to my 401K. I was planning on that 401K supported retirement until severe health issues exceeded my Ins Company's ideas of how much HC I was to be allowed. Zap went the bulk of my retirement savings to pay for medical services. So please don't praise the benevolence of Corp America to someone who has experienced it.
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Old 01-21-2013, 01:12 PM
 
66,239 posts, read 30,145,317 times
Reputation: 8606
Quote:
Originally Posted by florida.bob View Post
I don't recall too much profit sharing or stock options until I became part of management, although the Company I worked for did contribute some to my 401K. I was planning on that 401K supported retirement until severe health issues exceeded my Ins Company's ideas of how much HC I was to be allowed. Zap went the bulk of my retirement savings to pay for medical services. So please don't praise the benevolence of Corp America to someone who has experienced it.
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?
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