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10% on corporations EBITDA? How do corporations deduct the cost of depreciating capital assets? Do you even know what EBITDA is? Why it's used?
Yes to all questions. It is my profession to know. Depreciation is not a cash flow consuming expense. It is an amortization of funds already spent.
For most corps, paying 10% on EBITDA would be less than they currently pay on their taxable income, as tax rates , even after deductions, usually far surpass 10% by many percentage points.
I'm not a fan of doing what we always do. Use the tax code to incentivize cap ex. Buy the equipment because , independent of tax code, the purchase makes sense via a strong ROI/short payback cycle.
We could also reduce corp's expenses related to the services of tax accounts immensely, btw.
If they can't absorb the losses, they do. Either that, or they go out of business. Pretty common, actually. Over the last 25 years, about 7%-9% of employer firms close every year.
Why? You said consumer always pays for everything no matter what. They should have increased their prices, lol.
Why? You said consumer always pays for everything no matter what. They should have increased their prices, lol.
Pretty simple, really... If they increase their prices and not enough consumers buy/rent at that price, they go out of business. That's why over the last 25 years, about 7%-9% of employer firms close every year.
Pretty simple, really... If they increase their prices and not enough consumers buy/rent at that price, they go out of business. That's why over the last 25 years, about 7%-9% of employer firms close every year.
Yet, you just told us that any tax increase will be passed to consumers. You do understand, that I'm not actually asking you a question, right?
Yes to all questions. It is my profession to know. Depreciation is not a cash flow consuming expense. It is an amortization of funds already spent.
For most corps, paying 10% on EBITDA would be less than they currently pay on their taxable income, as tax rates , even after deductions, usually far surpass 10% by many percentage points.
I'm not a fan of doing what we always do. Use the tax code to incentivize cap ex. Buy the equipment because , independent of tax code, the purchase makes sense via a strong ROI/short payback cycle.
We could also reduce corp's expenses related to the services of tax accounts immensely, btw.
So, no deductions for the cost of buying capital assets? Or do they get deducted 100% up front? For many corporations, losing the deduction for amortization would kill them on taxes, as it would put capital intensive businesses in a position where they will not have a loss for tax purposes, and will pay 10% instead of 0% that would occur with the accelerated schedules used today for taxes.
Quote:
Originally Posted by lifeexplorer
Dear Peons:
The leftists are your masters and they have every right to your money. In fact, that money that you are allowed to earn belongs to them.
OK, how do you fund government without taxes, even after cutting out the 2/3 you think are not worthwhile? I assume you want to terminate anything that looks like welfare, all social security, all Medicare, etc. And, you are OK with the elderly and children begging in the street, or are OK with gunning down the beggars. I am going to guess you've never been poor, and in a situation where there is no work at all, even if you want to work. If you ahd been in that situation, or something close, you would not be opposed to the government helping people.
Federal income tax revenue: $1,900,000,000,000.
US population: 330,000,000
Therefore, the fair share for each man, woman, and child is: $5,757. There's your AMT for a single taxpayer.
Parents with children under 18 would have to pay their children's share. AMT for a single parent would be $5,757 times the number of children + 1. For children being raised by two parents, each parent would be responsible for 1/2 of each child's taxes.
Last edited by YourWakeUpCall; 03-17-2021 at 02:40 PM..
The leftists are your masters and they have every right to your money. In fact, that money that you are allowed to earn belongs to them.
Does kamala harris and ilhan bashir or aoc or sanders or blm hold all our money?
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