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US National ID Card - Coming Soon (pg. 6)
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| Shakka |
| quote: | Originally posted by wolverine16
The point is that companies that are obviously American but use a loophole to not pay certain American taxes certainly use our infrastructure to a great extent. |
I don't disagree about loopholes being closed--I think that's a good thing. Perhaps I misinterpreted some of what you were saying earlier with regards to Tyco or any other multinational conglomerates. If they do a lot of business outside of the U.S., then they pay taxes at the rates mandated by the countries where those revenues are generated and harbored. If they want to repatriate those assets, then they generally have to pay some level of taxes on them to the government. And oddly enough, there is a current movement underway which will allow companies to repatriate foreign assets at a substantially reduced tax rate. There's a real dilemma for you. Supposedly, by bringing more assets back to the States, it will be stimulative for our economy--though here they are again getting a break. The flipside being that minus the incentive to do so, these companies would otherwise just keep their assets out of the U.S. Not so much a loophole so much as a Catch 22.
| quote: | | As for your argument about whether individuals and companies should pay for police protection when they live in a safe neighborhood, etc., are you implying that people in poor, crime-ridden neighborhoods should pay extra in taxes for police than people in rich gated communities? |
No. Just pointing out the irony.
| quote: | I don't see how you can get anymore from those with the least
and a flat tax would simply lead to far less revenue in an economy where our REPUBLICAN president and congress are spending more than we have as it is. |
I love how you give a pass to Democrats on this one. They are ALL guilty of overspending. CONGRESS controls the purse strings, not the president. He may request a lot of spending, but it must be approved. Regardless, congress needs to reign in their discretionary spending on many of the idiotic programs and projects that they blatantly piss money on.
| quote: | | EDIT: My personal belief is we should cut a lot of government spending, not including social programs, balance the budget and pay off foreign debt. |
Absolutely. Though easier said than done.
EDIT: With regards to the article posted by the other guy. While there are ceratinly loopholes that need to be closed, it fails to specify as to why some of those companies aren't paying taxes. Perhaps it's because they have years of operating losses than they are legally allowed to carry forward(Just like you and I) to offset future tax liabilities. Surely you don't think that's unfair?:conf: Should the needle not move in both directions if the system is to be truly "fair"? |
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| ogvh5150 |
| quote: | Originally posted by Shakka
EDIT: With regards to the article posted by the other guy. While there are ceratinly loopholes that need to be closed, it fails to specify as to why some of those companies aren't paying taxes. Perhaps it's because they have years of operating losses than they are legally allowed to carry forward(Just like you and I) to offset future tax liabilities. Surely you don't think that's unfair?:conf: Should the needle not move in both directions if the system is to be truly "fair"? |
You're right corporations need to list every single year some sort of loss to offset their tax liability. But in all fairness how can a company float stocks and bonds and carry over losses and expect people to continue to invest in these same companies that operate with very little fiduciary responsibilty?
Seems to me the system is designed to fail and is intended to be a Ponzi scheme where the big money makers get the golden parachutes.
This boohooing of companies doesn't warrant any justification that they are paying their fair share period. |
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| wolverine16 |
| quote: | Originally posted by Shakka
I don't disagree about loopholes being closed--I think that's a good thing. Perhaps I misinterpreted some of what you were saying earlier with regards to Tyco or any other multinational conglomerates. If they do a lot of business outside of the U.S., then they pay taxes at the rates mandated by the countries where those revenues are generated and harbored. If they want to repatriate those assets, then they generally have to pay some level of taxes on them to the government. And oddly enough, there is a current movement underway which will allow companies to repatriate foreign assets at a substantially reduced tax rate. There's a real dilemma for you. Supposedly, by bringing more assets back to the States, it will be stimulative for our economy--though here they are again getting a break. The flipside being that minus the incentive to do so, these companies would otherwise just keep their assets out of the U.S. Not so much a loophole so much as a Catch 22.
No. Just pointing out the irony.
I love how you give a pass to Democrats on this one. They are ALL guilty of overspending. CONGRESS controls the purse strings, not the president. He may request a lot of spending, but it must be approved. Regardless, congress needs to reign in their discretionary spending on many of the idiotic programs and projects that they blatantly piss money on.
Absolutely. Though easier said than done.
EDIT: With regards to the article posted by the other guy. While there are ceratinly loopholes that need to be closed, it fails to specify as to why some of those companies aren't paying taxes. Perhaps it's because they have years of operating losses than they are legally allowed to carry forward(Just like you and I) to offset future tax liabilities. Surely you don't think that's unfair?:conf: Should the needle not move in both directions if the system is to be truly "fair"? |
I think there's a lot of bulk that could be taken out of the budget real fast, starting with the military. I emphasized republicans not because there are not Dems who overspend as well, but they're completely in control and even in the last election Bush was all over the place calling Kerry a "tax & spend liberal" at his invite-only rallies while some Dems like Clinton and Dean (who's been unfairly called far left) have had records of balanced budgets. I think tariffs are the way to go if needed to get some companies to avoid using loopholes. If business is being done in another country, that's different in terms of those sales, but I stand by the assertion that the tax burden has unfairly been moved more onto individuals largely because of offshore tax havens that are in the interests of increasing profits, rather than lost income. The country has experienced economic expansion overall throughout the years, so where some large companies would stumble, others would certainly grow and therefore should maintain the tax revenue level in proportion to population increases and individual tax revenue. |
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| JM |
| quote: | Originally posted by LiquidX
JM is a Bush administration puppet.. dont mind him ;) |
hey, if that's how you wanna call it and/or word it, that's fine with me.
....and i'm loving it 200%
>JM< |
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| Trancer-X |
| quote: | Originally posted by JM
hey, if that's how you wanna call it and/or word it, that's fine with me.
....and i'm loving it 200%
>JM< |
Weak minds are soooooo easy to mold. :eek:
Haaa hahaha haha hahahaha
*sinister neo-con laugh* |
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| Trancer-X |
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| ogvh5150 |
@TrancerX:
They that can give up essential liberty to purchase a little temporary safety deserve neither liberty or safety.
Benjamin Franklin
A house divided against itself cannot stand. I believe this government cannot endure permanently half slave and half free.
Abraham Lincoln
Always my favorite:
Knowledge makes a man unfit to be a slave.
Frederick Douglass |
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| ::TranceVanDyk:: |
| did the law pass? im anxious to prep up for my picture. |
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| JM |
| quote: | Originally posted by Trancer-X
Weak minds are soooooo easy to mold. :eek:
Haaa hahaha haha hahahaha
*sinister neo-con laugh* |
i love this place - the PDD forum. thank God i got a job now, and rarely have time to get on here and bs. here I come - Benjamins and low taxes.
Tha latter thanks to our political conservatives in office!
>JM< |
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| wolverine16 |
| quote: | Originally posted by JM
i love this place - the PDD forum. thank God i got a job now, and rarely have time to get on here and bs. here I come - Benjamins and low taxes.
Tha latter thanks to our political conservatives in office!
>JM< |
Hahahahahaha! What a joke! A Bush tax break is like taking your family out to Red Lobster on the credit card because you can't actually afford it. Let's all enjoy paying the interest on that. Even Reagan realized he could not afford the tax cut he gave and raised taxes. You can't lower taxes unless you decrease your spending and as much as Bushie tries to claim he's cut spending, he's just cut police,fireand other civil expenditures that are a minute fraction of what Iraq has cost. The people in charge are not "conservatives" and you know it. The "Contract With America" has been breached, Clinton actually had a budget surplus, not W! |
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| ali92 |
| quote: | Originally posted by ogvh5150
@TrancerX:
They that can give up essential liberty to purchase a little temporary safety deserve neither liberty or safety.
Benjamin Franklin
A house divided against itself cannot stand. I believe this government cannot endure permanently half slave and half free.
Abraham Lincoln
Always my favorite:
Knowledge makes a man unfit to be a slave.
Frederick Douglass |
All are so true. The Lincoln quotation makes me think of how divided this country is now. USA will 'fall' some day because it's getting more & more divided as each year goes on... |
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