Honest Question for Democrats

#5
#5
So what it’s going to do is shoot the idiot in chief in the only talking point he’s got going on why we aren’t in recession. (We are by the way in recession) It’s going to eat into the employment numbers and undermine the moron’s own narrative. No, DIRECT taxes on individual income won’t be changed. But when salaries are taken away and replaced by unemployment benefits that’s a rather meaningless metric for real money in people’s pockets.
 
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#6
#6
NorthDallas40 said:
So what it’s going to do is shoot the idiot in chief in the only talking point he’s got going on why we aren’t in recession. (We are by the way in recession) It’s going to eat into the employment numbers and undermine the moron’s own narrative. No, DIRECT taxes on individual income won’t be changed. But when salaries are taken away and replaced by unemployment benefits that’s a rather meaningless metric for real money in people’s pockets.
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They don't care. The last thing an authoritarian government wants is a strong, independent middle class.
 
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#9
#9
Imagine a nation that had no corporate taxes. Gotta keep feeding the federal beast and their manipulation and selectivity.
Honestly, all fed taxes could be cut in half and just fulfill the Constitutional requirements.
 
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#10
#10
hog88 said:
They don't care. The last thing an authoritarian government wants is a strong, independent middle class.
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A consumer driven economy and sentiment is at a 40 year low, thanks Joe. I bet if we give burger flippers a $20/hour pay things would be swimmingly,
 
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#11
#11
BarnesIsCaliparisDaddy said:
Wouldn’t the proposed 15% Corporate Tax bill just push most of that cost to the consumer making things worse?
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Because they are socialists, they do not understand that businesses do not actually pay taxes. Sure, they are a collection point but all businesses simply pass the costs of taxes to the eventual consumer by adding in the cost of those taxes into the price of goods sold. That is in part why the internet was such a big deal. Not only did ecommerce disintermediate so many middlemen that took a cut, it also eliminated the taxes that each one of those middlemen had to pay to government.
 
#12
#12
You pretend like this is a new issue, or a new tax.

The issue has been that corporations find ways to dodge taxes, so they pay nothing. Now, if you really want to deal with the problem, the solution is easy: All net income to a corporation is taxed at some point, which would include:

1) As to shareholders, any time a dividend is paid, tax all dividends at a set rate, say 15%. (In the alternative, allow people to declare dividends as income each time, paying the rate they pay on any income, passive or not).

2) As to corporate officers, tax all salaries and bonuses, including stock options, at a reasonable rate, not to be influenced by deductions.

3) As to the corporations themselves, if they use the net income in a given year to do stock buybacks, tax the buybacks at a set rate. I think 20 % is about right but it is open to negotiation.


Corporations save money because they don't have to pay for accountants to find ways to bleed off profit to avoid taxes. The US government benefits by increased tax revenue from the people actually benefiting from the income. The consumer benefits because there is no need to increase prices for the product or service to pay corporate taxes.
 
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#13
#13
DC is going to double down on spending I am afraid. Any new tax collections will just fuel it, not reduce the debt.
Federal Reserve better get their pizza coupons ready as they are going to have some tough evenings
 
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#14
#14
lawgator1 said:
You pretend like this is a new issue, or a new tax.

The issue has been that corporations find ways to dodge taxes, so they pay nothing. Now, if you really want to deal with the problem, the solution is easy: All net income to a corporation is taxed at some point, which would include:

1) As to shareholders, any time a dividend is paid, tax all dividends at a set rate, say 15%. (In the alternative, allow people to declare dividends as income each time, paying the rate they pay on any income, passive or not).

2) As to corporate officers, tax all salaries and bonuses, including stock options, at a reasonable rate, not to be influenced by deductions.

3) As to the corporations themselves, if they use the net income in a given year to do stock buybacks, tax the buybacks at a set rate. I think 20 % is about right but it is open to negotiation.


Corporations save money because they don't have to pay for accountants to find ways to bleed off profit to avoid taxes. The US government benefits by increased tax revenue from the people actually benefiting from the income. The consumer benefits because there is no need to increase prices for the product or service to pay corporate taxes.
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When has this been avoided?
 
#15
#15
lawgator1 said:
You pretend like this is a new issue, or a new tax.

The issue has been that corporations find ways to dodge taxes, so they pay nothing. Now, if you really want to deal with the problem, the solution is easy: All net income to a corporation is taxed at some point, which would include:

1) As to shareholders, any time a dividend is paid, tax all dividends at a set rate, say 15%. (In the alternative, allow people to declare dividends as income each time, paying the rate they pay on any income, passive or not).

2) As to corporate officers, tax all salaries and bonuses, including stock options, at a reasonable rate, not to be influenced by deductions.

3) As to the corporations themselves, if they use the net income in a given year to do stock buybacks, tax the buybacks at a set rate. I think 20 % is about right but it is open to negotiation.


Corporations save money because they don't have to pay for accountants to find ways to bleed off profit to avoid taxes. The US government benefits by increased tax revenue from the people actually benefiting from the income. The consumer benefits because there is no need to increase prices for the product or service to pay corporate taxes.
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Corporate taxes are only around 10% of federal tax receipts. So this will not make a hill of beans of difference on real revenue impact but will absolutely result in lower employment payroll monies. “They need to pay their fair share” is a red herring and stupid as hell.
 
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#17
#17
lawgator1 said:
You pretend like this is a new issue, or a new tax.

The issue has been that corporations find ways to dodge taxes, so they pay nothing. Now, if you really want to deal with the problem, the solution is easy: All net income to a corporation is taxed at some point, which would include:

1) As to shareholders, any time a dividend is paid, tax all dividends at a set rate, say 15%. (In the alternative, allow people to declare dividends as income each time, paying the rate they pay on any income, passive or not).

2) As to corporate officers, tax all salaries and bonuses, including stock options, at a reasonable rate, not to be influenced by deductions.

3) As to the corporations themselves, if they use the net income in a given year to do stock buybacks, tax the buybacks at a set rate. I think 20 % is about right but it is open to negotiation.


Corporations save money because they don't have to pay for accountants to find ways to bleed off profit to avoid taxes. The US government benefits by increased tax revenue from the people actually benefiting from the income. The consumer benefits because there is no need to increase prices for the product or service to pay corporate taxes.
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You are peacocking your ignorance of the subject.
 
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#18
#18
GroverCleveland said:
The unemployment numbers have not meant much in quite awhile. Labor Participation Rate is a better metric.
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The Great Retirement is already under way. Just think pre-COVID to now..similar numbers and yet companies cannot find workers. It is like so bizarre, and baffled DC that now they get to use it as a metric that we are not in a recession.
The pulse of DC on this nation is amazingly inaccurate..LG like
 
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#20
#20
volinbham said:
It's more of a productivity killer. Business investment is going to plummet.
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Skyrocketing interest rates to cover the cost of two Presidents printing money and incentivizing people not to work had already pretty much let that horse out of the barn.
 
#23
#23
VolStrom said:
Yep, and the labor participation rate for the boomers is approaching zero while the generation Zero bunch is also approaching that as well since they are lazy AF.
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Yeah, can't be lazy when they have to pay off all that boomer debt
 
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