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You've left out all the relevant facts and appear to be ranting about something unrelated.
I don't *believe* I'm a consumer, or that I'm getting screwed. When laws and policies were changed ~40 years ago that resulted in depressed wages, gutted unions, higher fiscal and private debt, trade deficits, etc... that's when ~99+% of the population got screwed... and we are still getting screwed. You as well.
How do you conclude based on "male income" that 99% are screwed given that approximately 50% are female?
How do you conclude based on "male income" that 99% are screwed given that approximately 50% are female?
I didn't. Income for 99%+ of the population has fallen behind per capita GDP since the 70s. And the median real income has been flat.
Male income is the best statistic to compare since education and career levels haven't changed much for males in the last 40 years, while females are much better educated and more likely to have full time careers than 40 years ago.
She you say stuff like that, it makes it pretty clear that you don’t understand enough about this subject to even be able to have a meaningful discussion.
No meaningful discussion can take place if you are married to the idea there are no tax loopholes and that our tax system doesn't favor the rich. The fact is the rich - who run the government (look at how many Congresspersons and Senators are millionaires!) - write laws - including tax laws - to favor the rich.
Even Warren Buffett says so. To not agree is to deny reality.
Nothing to see here, everyone go on about their business... the rich have it all under control.
Last edited by movingvanmorrison; 06-23-2019 at 08:33 PM..
Nothing is a result of any “ loopholes “ .... they do not exist.
Corporations in those circumstances pay no taxes because no taxes are owed.
Yes. Exactly. Almost...
No taxes are paid because no taxes are owed.
No taxes are owed because of tax loopholes.
Which don't exist according to you.
Yet somehow the rich manage to get out of paying taxes while the rest of us don't.
Spoiler
Last edited by movingvanmorrison; 06-23-2019 at 08:38 PM..
There's no point talking to them. They live in their own little ivory tower where the rich get richer and the poor get poorer. They see it as the rich getting richer because of their superior intelligence and harder work, while the poor get poorer because they're stupid and lazy.
No point in trying to have a discussion with people like this.
One can only hope karma is real and they come back as smart, industrious and dirt poor in their next lives.
Why not just every corporation pay their taxes like everyone else and be done with it, all is fair in death and taxes?
I realize you never studied economics - but since this is an economics forum, I'll try to help you understand.
One of the fundamental lessons of economics is that the entity that bears the statutory burden of a tax has nothing to do with where the burden of that tax ultimately falls. "Statutory burden" means the entity that must fill out a tax form & send it & money off to the IRS and to various state and local taxing authorities.
Any statutory burden of a tax on a corporation is allocated as follows:
X% is borne by customers in the form of prices higher than they otherwise would be
Y% is borne by employees in the form of total compensation (and hours worked) lower than they otherwise would be
Z% is borne by business owners (shareholders) in the form of profits lower than they otherwise would be
...where X+Y+Z=1.0 (that is, X%+Y%+Z%=100.0%)
Sooo... corporations merely collect & forward tax revenue to the IRS. The burden of that statutory tax is always allocated to a combination of customers, employees, and business owners (shareholders). To the extent a corporation is able to minimize a tax burden, that just means customers didn't have to pay a higher price, employees get paid more (and work more), and business owners (shareholders) make more profit.
There quite literally is no place else for the tax to flow: it must go to a combination of the three.
I may not of done the clearest job explaining this concept. If you didn't understand me, here are a few hyperlinks that you can follow to get more detail or perhaps a better explanation.
Because actual people ultimately bear the burden of any tax levied on a business, it is far easier to just tax the end people directly. It would be better, more effective, and more efficient to (a) eliminate all corporate income taxes, while (b) simultaneously raising income taxes on people (where the ultimate burden falls anyway). Make the taxes as progressive as you want.
No meaningful discussion can take place if you are married to the idea there are no tax loopholes and that our tax system doesn't favor the rich. The fact is the rich - who run the government (look at how many Congresspersons and Senators are millionaires!) - write laws - including tax laws - to favor the rich.
Even Warren Buffett says so. To not agree is to deny reality.
Nothing to see here, everyone go on about their business... the rich have it all under control.
You were challenged with describing a single tax loophole. So far, you’ve been unable to do so.
Congress choosing to not tax something doesn’t create a “loophole.”
Structuring one’s financial situation to reduce one’s tax liability doesn’t provide evidence for the existence of “loopholes.”
If one buys municipal bonds, are they using a “loophole” because the interest earned from those bonds is tax-free? And more importantly, do they deserve to be excoriated by the rruff’s, 2sleepy’s, and movingvanmorrisons of the world for doing so?
Congress choosing to not tax something doesn’t create a “loophole.”
Structuring one’s financial situation to reduce one’s tax liability doesn’t provide evidence for the existence of “loopholes.”
If one buys municipal bonds, are they using a “loophole” because the interest earned from those bonds is tax-free? And more importantly, do they deserve to be excoriated by the rruff’s, 2sleepy’s, and movingvanmorrisons of the world for doing so?
Sometimes I wonder if you guys really believe what you are saying.
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And more importantly, do they deserve to be excoriated by the rruff’s, 2sleepy’s, and movingvanmorrisons of the world for doing so? 
