U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [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 12-10-2017, 05:44 AM
 
3,023 posts, read 1,979,088 times
Reputation: 6827

Advertisements

Quote:
Originally Posted by txgolfer130 View Post
I agree the numbers may be higher, but have not seen anything out of committee & the 5 & 12 are actual published. And you won't have to pay the higher balance, you can pay the balance in installments through an 8 year period, so the full amount will not be coming back immediately and will be taxed the FIRST time in the parent company HQ.

They are for sure going to maximize the corporations position, share buybacks & debt refinancing will long term benefit the company, but does nothing for shareholders or employee, thus the "boost' to the economy fails, which in this exercise was the guise for giving the corporations the tax relief and the repatriation exception.
Huh? It’s so clear to me that you have no clue.
Reply With Quote Quick reply to this message

 
Old 12-10-2017, 08:34 AM
 
30,492 posts, read 35,726,645 times
Reputation: 12617
Quote:
Originally Posted by Thatsright19 View Post
Huh? It’s so clear to me that you have no clue.
Yeah if they don't realize that share buyback and debt reduction usually help shareholder value.
Reply With Quote Quick reply to this message
 
Old 12-10-2017, 10:19 AM
 
8,561 posts, read 7,696,590 times
Reputation: 6964
The profit shifting scheme is very similar to transfer pricing which carmakers used to avoid US taxes.

Here is a description of one variation
Reply With Quote Quick reply to this message
 
Old 12-11-2017, 09:47 AM
 
Location: Paranoid State
13,047 posts, read 10,900,555 times
Reputation: 15722
We should totally eliminate all corporate income taxes. Just zero them out. Afterall, corporations don't bear the burden of the corporate income tax; people do. 100% of the burden of the corporate income tax is borne by a combination of customers in the form of higher prices, employees in the form of lower total compensation (and fewer employees), and owners in the form of lower profits.

Only people bear the burden.

So, if we totally eliminate all corporate income taxes, 100% of the benefit will flow to people: customers in the form of lower prices, employees in the form of higher total compensation (and more employees), and owners in the form of higher profits.

Then, just raise income taxes on people, as few people move to another country because of marginal tax rates. Make the personal income tax as progressive as you like to raise enough $$$ to pay for government services.
Reply With Quote Quick reply to this message
 
Old 12-11-2017, 10:19 AM
 
3,023 posts, read 1,979,088 times
Reputation: 6827
Quote:
Originally Posted by SportyandMisty View Post
We should totally eliminate all corporate income taxes. Just zero them out. Afterall, corporations don't bear the burden of the corporate income tax; people do. 100% of the burden of the corporate income tax is borne by a combination of customers in the form of higher prices, employees in the form of lower total compensation (and fewer employees), and owners in the form of lower profits.

Only people bear the burden.

So, if we totally eliminate all corporate income taxes, 100% of the benefit will flow to people: customers in the form of lower prices, employees in the form of higher total compensation (and more employees), and owners in the form of higher profits.

Then, just raise income taxes on people, as few people move to another country because of marginal tax rates. Make the personal income tax as progressive as you like to raise enough $$$ to pay for government services.
You post this nonsense over and over in tax threads. It’s so clear someone has no idea what they’re talking about when they propose ridiculously simple solutions to complex programs.

https://www.ctj.org/fact-sheet-why-w...te-income-tax/
Reply With Quote Quick reply to this message
 
Old 12-11-2017, 10:45 AM
 
Location: Fairfax County, VA
1,387 posts, read 734,438 times
Reputation: 2743
If nonsense is repeated often enough, some people will come to believe it. This is one of the guiding principles of both FOX News and Madison Avenue.
Reply With Quote Quick reply to this message
 
Old 12-15-2017, 10:53 PM
 
Location: Texas
5,873 posts, read 7,050,320 times
Reputation: 2966
Quote:
Originally Posted by Thatsright19 View Post
Huh? It’s so clear to me that you have no clue.
What is clear is that you don't know what's even in the bill or how to read it. Here's a gift for you:

https://www.amazon.com/Reading-Compr...7N8FAWBK0E3D7G
Reply With Quote Quick reply to this message
 
Old 12-16-2017, 07:23 AM
 
3,023 posts, read 1,979,088 times
Reputation: 6827
Quote:
Originally Posted by txgolfer130 View Post
what is clear is that you don't know what's even in the bill or how to read it. Here's a gift for you:

https://www.amazon.com/reading-compr...7n8fawbk0e3d7g
tldr
Reply With Quote Quick reply to this message
 
Old 12-16-2017, 08:15 AM
 
4,205 posts, read 3,419,488 times
Reputation: 9009
Quote:
Originally Posted by 17thAndK View Post
If nonsense is repeated often enough, some people will come to believe it. .
So true. Mere denial has the ability to change the truth. We see it almost every day.

"I did not do that." Voila. "That" never happened.
Reply With Quote Quick reply to this message
 
Old 12-16-2017, 06:40 PM
 
2,284 posts, read 4,604,262 times
Reputation: 1531
Quote:
Originally Posted by SportyandMisty View Post
We should totally eliminate all corporate income taxes. Just zero them out. Afterall, corporations don't bear the burden of the corporate income tax; people do. 100% of the burden of the corporate income tax is borne by a combination of customers in the form of higher prices, employees in the form of lower total compensation (and fewer employees), and owners in the form of lower profits.

Only people bear the burden.

So, if we totally eliminate all corporate income taxes, 100% of the benefit will flow to people: customers in the form of lower prices, employees in the form of higher total compensation (and more employees), and owners in the form of higher profits.

Then, just raise income taxes on people, as few people move to another country because of marginal tax rates. Make the personal income tax as progressive as you like to raise enough $$$ to pay for government services.
This post has valid points as people get income from companies and the government consistently taxes on income. So why not make it easier and just tax on personal income.
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 > Economics
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

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