Flat Tax

[Lex]

Let me make this as clear for you as I can:

Yes, I get that fact that my money funds the corporations, so their tax payments are partially my payments.

No, I have no problem with corporations paying taxes on money they made off of products and services I paid for.

I would rather my money go back into othe government and pay for things I beleive in--Education and Socialized Heathcare being at the top of the list--than in the pockets of CEOs.

 

[Sklar]

And any company in America will gladly share a portion of their profits with you. but you knew that, right?

Only if you meet the following criteria:

1) You are a stock holder

2) You are an employee in a company that shares profits with the employees.

3) Certain insurance companies (mutual companies) will give rebates back, to their customers, in the form of premium reductions if they make over a certain percentage each year.

I don't own any stocks and I'm self employed, so that lets me out. I've yet to receive a check from ANY business out of the kindness of their hearts saying "We made too much money here you go."

Othewise I'm still waiting for that check from IBM, FORD, CHEVY, MICROSOFT, NINTENDO, McDONALDS, TACO BELL.

JQBlonde, when you keep saying that WE (Joe consumer) are paying the taxes do you mean to say that the business will just raise prices to offset the tax hit? Can you clarify that for me please?

Thanks,

Sklar

 

[B_JQblonde]

"so their tax payments are partially my payments.:


Not partial . All.

 

[Lex]

Did you read the rest? Or are you one of those partially literate Neo-Cons?

Their payments are not all my payments as I am not the only person who spent money with them--hence the use of the word "partially."

UGH.

 

[B_JQblonde]

Name calling. UGH.

My point was that corporations DO NOT PAY TAXES. You, the American citizen, do.

It was a clever ruse concocted by politicians to disguise just how much the Government is costing you. < not you , Lex, you the American citizen.>

 

[Full_Phil]

---My point was that corporations DO NOT PAY TAXES. You, the American citizen, do.---

I probably will not agree with JQB much on these boards, but he's right on this one. In either the latest Business Week or Time, there is a chart showing that high net worth types are paying more in taxes than those with less, and at a higher rate of growth. Shelters such as the deduction of mortgage interest on second homes have been removed, and the current passion for hedge funds by the wealthy and their service providers does not give investors the same shelters that the old oil and gas drilling partnerships did. Lower overall interest rates have cut into the popularity of LP's and REIT's in general.

I am as offended as anyone at the ratio of CEO pay to that of the average worker having gone up so much from just the 70's. We still benefit, however, from the fact that our Economy, as flawed as it is, can provide goods and services at the prices that we pay. Government-imposed requirements, as weak as they are, and transportation costs have hurt the overall economic climate, but we probably have done the best we could even with the fact that global wages are starting to catch up with ours and we may even become competitive manufacturers again.

Just a lot of drivel, not well thought out, I'm afraid. I have a hangover.

 

[Lex]

Name calling. UGH.

Apologies. You were posting as if you were not reading everything I was writing and that caused the name calling (no excuse).

I don't need you to repeat the same thing over and over as if that alone will change my mind.

I hope to continue dicussing this and other issues with you (and others).

 

[B_JQblonde]

Only if you meet the following criteria:

1) You are a stock holder

2) You are an employee in a company that shares profits with the employees.

3) Certain insurance companies (mutual companies) will give rebates back, to their customers, in the form of premium reductions if they make over a certain percentage each year.

I don't own any stocks and I'm self employed, so that lets me out. I've yet to receive a check from ANY business out of the kindness of their hearts saying "We made too much money here you go."

Othewise I'm still waiting for that check from IBM, FORD, CHEVY, MICROSOFT, NINTENDO, McDONALDS, TACO BELL.

JQBlonde, when you keep saying that WE (Joe consumer) are paying the taxes do you mean to say that the business will just raise prices to offset the tax hit? Can you clarify that for me please?

Thanks,

Sklar

Yes become a stockholder, you'll share the profits. well, maybe. No guarantees.

Corporations sell goods or services. You pay for those goods and services. From the proceeds they pay their bills, including taxes. I guess they could sell it overseas and then Joe France would essentially foot the tax bill. Fair point.

My point is that the 'illusion' the Government wants you to belive is that by taxing Corporations, somebody ELSE is paying the taxes.