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One of the threads that originated today was about the milk cliff where the 1948 farm bill was expiring, and it would cause a spike in the cost of milk.
For the past few years, there has been a drumbeat in favor of increased taxes from Democrats of all stripes. Make the rich pay their "fair share." Get rid of "loopholes." Make the fat cats "chip in a little more." Then Democrats hold up budgets and bills in an effort to extract some tax increases from Republicans.
It's no coincidence that much of the Democrats' base doesn't have to worry about taxes much, either because they work for nonprofits and public entities that don't pay taxes, or because they live off government benefits, or because they work in industries -- like the motion picture and recording industries -- with a long history of shady accounting and favorable tax treatment.
...
The first such proposal would be to restore the 20 percent excise tax on motion picture theater gross revenues that existed between the end of World War II and its repeal in the mid-1950s. The campaign to end the excise tax had studio executives and movie stars talking like Art Laffer, as they noted that high taxes reduced business income, hurt investment and cost jobs.
The movie excise tax was imposed in response to the high deficits after World War Two. Deficits are high again, and there's already historical precedent. Of course, to keep up with technology, the tax should now apply to DVDs, downloadable movies, pay-per-view and the like. But in these financially perilous times, why should movie stars and studio moguls, with their yachts, swimming pools and private jets, not at least shoulder the burden they carried back in Harry Truman's day -- when, to be honest, movies were better anyway.
One of the threads that originated today was about the milk cliff where the 1948 farm bill was expiring, and it would cause a spike in the cost of milk.
For the past few years, there has been a drumbeat in favor of increased taxes from Democrats of all stripes. Make the rich pay their "fair share." Get rid of "loopholes." Make the fat cats "chip in a little more." Then Democrats hold up budgets and bills in an effort to extract some tax increases from Republicans.
It's no coincidence that much of the Democrats' base doesn't have to worry about taxes much, either because they work for nonprofits and public entities that don't pay taxes, or because they live off government benefits, or because they work in industries -- like the motion picture and recording industries -- with a long history of shady accounting and favorable tax treatment.
...
The first such proposal would be to restore the 20 percent excise tax on motion picture theater gross revenues that existed between the end of World War II and its repeal in the mid-1950s. The campaign to end the excise tax had studio executives and movie stars talking like Art Laffer, as they noted that high taxes reduced business income, hurt investment and cost jobs.
The movie excise tax was imposed in response to the high deficits after World War Two. Deficits are high again, and there's already historical precedent. Of course, to keep up with technology, the tax should now apply to DVDs, downloadable movies, pay-per-view and the like. But in these financially perilous times, why should movie stars and studio moguls, with their yachts, swimming pools and private jets, not at least shoulder the burden they carried back in Harry Truman's day -- when, to be honest, movies were better anyway.
Movies are an actual product. Why do people want to tax goods and services to discourage productivity? Do we consider working to be as bad as smoking? Should we tax industry so we can reduce it? I don't get it? Why are you people so utterly insane?
Agreed. Also, make churches pay taxes. The Roman Catholic Church is one of the richest organizations on Earth.
The Westboro Baptist Church doesn't pay taxes? GTFOH
I'm probably one of the few Christians that would be OK in removing the 501c3 deduction - along with all other behavorial considerations with the tax code - as long as rates are lowered as well.
By the way - the National Football League, the Professional Golf Association, and the National Hockey League are all 501c6 tax exempt organizations. They need to be hit as well.
I'm probably one of the few Christians that would be OK in removing the 501c3 deduction - along with all other behavorial considerations with the tax code - as long as rates are lowered as well.
By the way - the National Football League, the Professional Golf Association, and the National Hockey League are all 501c6 tax exempt organizations. They need to be hit as well.
The only ones who will be hit are consumers. For what? Please explain why you want to discourage this activity.
The only ones who will be hit are consumers. For what? Please explain why you want to discourage this activity.
^This^
When a company has to pay more who do you think actually pays that? We do. That's why every year our bills go up. When the vendors of Time Warner Cable raise their prices they then raise the prices on their customers. In my industry when Unemployment & Worker's Comp insurance goes up then do so our prices.
If you think making entities that did not pay taxes before will save the American Taxpayer money you are sadly mistaken. Unless it's tax them and lower my taxes you will only be paying more for......well pretty much everything.
That 20 percent excise tax on motion picture theater gross revenues didn't tax liberal Hollywood stars, as the OP hoped. It taxed local theater owners.
In the 1940s, there was no TV or other kind of similar entertainment. If one re-instituted this tax, it would be an undue subsidy to cable, streaming and DVD providers who wouldn't be subject to the tax.
The objective of this tax, presumably is to raise revenue. If one wants to raise revenue a more efficient way would be to raise corporate income taxes.
That 20 percent excise tax on motion picture theater gross revenues didn't tax liberal Hollywood stars, as the OP hoped. It taxed local theater owners.
In the 1940s, there was no TV or other kind of similar entertainment. If one re-instituted this tax, it would be an undue subsidy to cable, streaming and DVD providers who wouldn't be subject to the tax.
The objective of this tax, presumably is to raise revenue. If one wants to raise revenue a more efficient way would be to raise corporate income taxes.
lol. taxes for YOU but not for ME! lalalalalalalalalalalalalalalalalalalalalalalalala lalalalala
The only ones who will be hit are consumers. For what? Please explain why you want to discourage this activity.
Quote:
Originally Posted by tluv00
^This^
When a company has to pay more who do you think actually pays that? We do. That's why every year our bills go up. When the vendors of Time Warner Cable raise their prices they then raise the prices on their customers. In my industry when Unemployment & Worker's Comp insurance goes up then do so our prices.
If you think making entities that did not pay taxes before will save the American Taxpayer money you are sadly mistaken. Unless it's tax them and lower my taxes you will only be paying more for......well pretty much everything.
Quote:
Originally Posted by MTAtech
That 20 percent excise tax on motion picture theater gross revenues didn't tax liberal Hollywood stars, as the OP hoped. It taxed local theater owners.
In the 1940s, there was no TV or other kind of similar entertainment. If one re-instituted this tax, it would be an undue subsidy to cable, streaming and DVD providers who wouldn't be subject to the tax.
The objective of this tax, presumably is to raise revenue. If one wants to raise revenue a more efficient way would be to raise corporate income taxes.
Amazing the reasoning that now appears. Why not apply this to all rich people and corporations if you are in favor of it for Hollywood?
And just to be clear - I want these taxes reinstated - but I also want rate cuts for all taxpayers. So while the cost structure of the product would be altered, people would have more money in their pockets from the rate reductions.
One of the threads that originated today was about the milk cliff where the 1948 farm bill was expiring, and it would cause a spike in the cost of milk.
For the past few years, there has been a drumbeat in favor of increased taxes from Democrats of all stripes. Make the rich pay their "fair share." Get rid of "loopholes." Make the fat cats "chip in a little more." Then Democrats hold up budgets and bills in an effort to extract some tax increases from Republicans.
It's no coincidence that much of the Democrats' base doesn't have to worry about taxes much, either because they work for nonprofits and public entities that don't pay taxes, or because they live off government benefits, or because they work in industries -- like the motion picture and recording industries -- with a long history of shady accounting and favorable tax treatment.
...
The first such proposal would be to restore the 20 percent excise tax on motion picture theater gross revenues that existed between the end of World War II and its repeal in the mid-1950s. The campaign to end the excise tax had studio executives and movie stars talking like Art Laffer, as they noted that high taxes reduced business income, hurt investment and cost jobs.
The movie excise tax was imposed in response to the high deficits after World War Two. Deficits are high again, and there's already historical precedent. Of course, to keep up with technology, the tax should now apply to DVDs, downloadable movies, pay-per-view and the like. But in these financially perilous times, why should movie stars and studio moguls, with their yachts, swimming pools and private jets, not at least shoulder the burden they carried back in Harry Truman's day -- when, to be honest, movies were better anyway.
What a BUNCH OF HOOEY! Sure trying to cut Democrats aren't you with this article.
"
It's no coincidence that much of the Democrats' base doesn't have to worry about taxes much, either because they work for nonprofits and public entities that don't pay taxes, or because they live off government benefits, or because they work in industries -- like the motion picture and recording industries -- with a long history of shady accounting and favorable tax treatment."
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