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Of course, to liberals, those who are successful are "greedy."
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Just remember how many people those "greedy" ones employed during the 1980s.
Yep they put all the moms to work. How's junior doing?
As for a fair tax rate, I am not a liberal (thank God!), so I can't answer the question.
How many illegals did they employ? How big was the bonus they took while the company was going under? How many ruined there company for the bottom line of the next quarter that there bonus was based on. How many sold weapons to US enemies for a bigger bonus?
I don't think there should be any tax on labor in this country. we have so many taxes that deal with the various needs... roads, health issues, SS, and so forth. I'm of the belief it was never ratified by the needed states and has always been unconstitutional. There are NO laws indicating we have to file a tax return, Only a show of force and threat if we don't. The taxes go to nothing more than federal debt which we can eliminate to some degree with removing the Federal Reserve system and making the money we print and issue to banks a Federal Government operation, not one of private banks we get charged for.
Why shouldn't the Corporations collect and pay over to the Government, a flat tax on the sale of stock?
I'm not a CPA, but I look at stock purchases the same as if cars, houses or jewelry.
Further, I think banks should pay that same flat tax on all interest payments received as that being the premium sold to the borrower.
Same with the sale of insurance.
It's obvious you have no concept of corporate tax code.
Why would corporations pay a tax on the sale of their own stock? What do you even mean by this exactly? An equity offering? That's not taxable since it's not income. Do you mean third-party sales of stock between people? That doesn't even involve the corporation itself, and income from such transactions are already taxed as capital gains on individual tax returns.
Banks (and other corporations) already pay taxes on interest income at their corporate tax rate (~35%).
You act as if corporations are completely distinct from people. People own corporations. The income corporations earn is distributed to their owners (shareholders) eventually. Corporations pay taxes when they earn income. That income is taxed a second time (i.e. double taxation) when it is distributed to shareholders in either in the form of capital gains or dividends.
I'd like to ask all the liberals out there what percentage rate of ones incomes should be taxed...is it 10%, 20%, 50%, 80%...etc..The reason I ask is that it seems no matter how high the tax rate is increased...your always complaining that its not enough...so I'm just curious what you liberals think is fairtax rate...
Why don't you just go to work and stop whining and crying about tax rates that are actually lower than most Westernized countries????
Apply your time and efforts to making more money if it is so important to you.
I swear grown men turn into little babies when it comes to paying the bills..............Stop being a dead beat and pay your bills.
It's obvious you have no concept of corporate tax code.
Oh, but I do.
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Originally Posted by gettys
Why would corporations pay a tax on the sale of their own stock?
Its called a sales tax.
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Originally Posted by gettys
What do you even mean by this exactly? An equity offering? That's not taxable since it's not income.
I'm talking sales tax - not an income tax. Get rid of Income tax. Got it?
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Originally Posted by gettys
Do you mean third-party sales of stock between people?
Them too!
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Originally Posted by gettys
That doesn't even involve the corporation itself, and income from such transactions are already taxed as capital gains on individual tax returns.
I really don't like the game that evolves around the word, "income". Like I said, I don't like "income taxes" and I want them gone.
And, I don't like capital gains taxes - not one bit! I want them gone.
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Originally Posted by gettys
Banks (and other corporations) already pay taxes on interest income at their corporate tax rate (~35%).
It should be a flat rate.
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Originally Posted by gettys
You act as if corporations are completely distinct from people.
A Corporation does not have a brain - it is a piece of paper (Charter) having State-granted privileges. A "people" has rights.
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Originally Posted by gettys
People own corporations. The income corporations earn is distributed to their owners (shareholders) eventually. Corporations pay taxes when they earn income. That income is taxed a second time (i.e. double taxation) when it is distributed to shareholders in either in the form of capital gains or dividends.
How many illegals did they employ? How big was the bonus they took while the company was going under? How many ruined there company for the bottom line of the next quarter that there bonus was based on. How many sold weapons to US enemies for a bigger bonus?
You know just jimmy
What are you talking about?
Do you really think that all employers did what you described above during the '80s?
If anything we should focus taxes on wealthy people ($20 million per year and up) and poor people, more specifically the deadbeats who demand public resources should be punished - not the middle class. The biggest tax breaks should go for the middle class, leading up to right under $20 million.
It seems to me, at least, that after $20 million those people become dissassociated with society and don't understand the needs of the common person and they turn weird and liberal. So tax them 50%. There's only so many houses, cars, jets, etc. that they can buy.
The discussion is rather silly actually. We could spend infinity trying to define "fair" without ever coming to a concensus, because the term is completely arbitrary. If anyone truly believes that they can define such a term with regard to taxation or anything else, they should check themselves into a mental institution. But if we are just slinging around opinions I am in!
Here are my personal definitions of possible "fair" taxation schemes.
1. Take the total expenditure of the government. Divide it by the number of citizens. Ship out the bills to the subjects. (Of course parents would be responsible for their children's shares ) "But then nobody could afford to pay that bill! *tears*" LOL...That just says that our government spends too much, not that it is "unfair".
2. Create a flat-sales tax (no other taxes) percentage. Then restrict the government to only spend the previous year's intake. Note: The evil rich pay more than everyone else in this plan. WooHoo!
3. Bill everyone according to the services that they received. "But the parasites can't pay it back! *whaa!* This just demonstrates the bad investment that social programs are in reality, again this has nothing to do with "fairness."
And now back to your regularly scheduled program...
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