This is the kind of genius we are dealing with from the far left.

[Tsing Tao]

Quote from g222:

Quote from Max E. Pad:




Oh boy, is right!!!!

Yo Max, I don’t claim to be the sharpest tool in the shed, but … and I could be wrong … but … before your poor, mistreated, mal-functioned-against corporations arrive at that thing called ‘taxable income’, they first DECUCT such things as advertising, utilities, amortization, insurance, CAM fees, contributions, interest. FICA paid in for employees along with other taxes paid, fuel, rent … AND SALARIES AND WAGES PAID TO THE HELP. I’m afraid this ‘double taxation’ stuff is part of that smoke screen blown in your eyes that prevents you from seeing the con job these underprivileged corp types are selling you.

I think the overall point he was trying to make is that you cannot look at a corporation and say they're only being taxed at (for example) 15% or 17%, etc. You have to consider that there were $$ paid to employees (taxed at the rate of those employees) and money paid, as you say, to advertisers (who pay tax on those dollars as income, plus the company pays sales tax on that and any purchases for raw materials, etc). If you really want to see how much taxes corporate $$ drives, you have to add it all up and it is quite substantial. You seem ready to dismiss that.

Quote from g222:

Demand drives our markets – not corporate taxes. If there’s no demand for your widget, you’re closing up shop – even in a zero tax world. If there’s demand for your widget, and something like a 35% tax makes you hesitate about making them, then guess what – SOMEONE ELSE WILL step up to the plate and make them … and be happy with what’s left. DEMAND – from the consumer – is what convinces corporations to create jobs.

Yes, and the problem is when that "SOMEONE ELSE" is in India, or China, or Malaysia. Like now. Where they don't have to pay the same tax rate. Or maybe that's what you prefer? All corporate entities to be based somewhere else with their jobs?

Quote from g222:

And to ad insult to injury … when these corporate types do get their hands on a little extra jing, their idea of ‘Trickle-down Reganism’ is to spend the money on a Benz, Beemer or other IMPORTED LUXURY CAR – trickling the dough down to support some other country’s economy. Corporations have not now, nor have they ever been inspired to create jobs out of the goodness of their hearts because of favorable tax laws. Only when DEMAND exceeds ability to supply – pressures from the MARKETPLACE – are jobs created. ONLY!!

These "corporate types" that spend money (which has been taxed already) on a Benz, Beemer (sic), etc. are also paying TAX on those items after paying tax on their income in the first place. Incidentally, this has nothing to do with CORPORATE taxes at all, it's individual taxes you're now talking about. And let's not mention who actually pays the individual income tax in the first place - the top half of the population. Because the bottom half pays nothing at all.

 

[Ricter]

Corporations take an input tax credit for tax paid on inputs. We get ours every month, smaller companies can go quarterly, or longer.

 

[g222]

Quote from bugscoe:

Obama spent $2.2 million on two Canadian made busses to go on a 'jobs' tour.

Can you explain?

That's up to him to explain, not me. And I can think of none that would be acceptable.

Look ... it's a free country and we can spend our $$$ any way we like. But ... in light of OUR economic problems, it's a slap in the face when our 'job benefactors' take their incentives and tax breaks and spend it on foreign goods. There are those, for example, who buy domestic automobiles to assure that as much of their $$$ as possible stays here to help our economy. Then there's those who could care less.

 

[Ricter]

On average, the parts and assemblies in those buses crossed the border over a dozen times. "Made in Canada" is a designation given for the last country of significant work, which could be as little as painting.

 

[Lucrum]

Quote from bugscoe:

Obama spent $2.2 million on two Canadian made busses to go on a 'jobs' tour.

Can you explain?

I would love to see someone stand up and ask Dumbo, while on camera, why he bought buses made in Canada and not the USA.

 

[g222]

quote from tsing tao:

I think the overall point he was trying to make is that you cannot look at a corporation and say they're only being taxed at (for example) 15% or 17%, etc. You have to consider that there were $$ paid to employees (taxed at the rate of those employees) and money paid, as you say, to advertisers (who pay tax on those dollars as income, plus the company pays sales tax on that and any purchases for raw materials, etc). If you really want to see how much taxes corporate $$ drives, you have to add it all up and it is quite substantial. You seem ready to dismiss that.

But TT their revenue is NOT double taxed!! The $$ they pay out in wages is DEDUCTED from their revenues BEFORE their tax is computed ... then the employee pays a tax on his earnings. Then each expense they pay out - eahc and every expense, that is - is factored into the selling price of their goods and services that are eventually passed on to the final consumer. What I dismiss is their bleeding heart diatribe that their payment of a higher income tax will have a negative affect on jobs. those are threats and blackmail meant to scare the public. Labor cost is a function of gross sales and has nothing to do with extra or fewer taxes or any other incentives.


quote from tsing tao:

Yes, and the problem is when that "SOMEONE ELSE" is in India, or China, or Malaysia. Like now. Where they don't have to pay the same tax rate. Or maybe that's what you prefer? All corporate entities to be based somewhere else with their jobs?

That MIGHT have something to do with a failure of our government to assure the fair pricing of imports within our marketplace. And I wonder ... just how many of those jobs lost here to other countries were lost because an opportunity was seen to be able to make MORE profit, rather than some profit and and leaving jobs here ???

 

[Trader666]

It couldn't have been painted in the U.S.? Why do you feel compelled to make excuses?

Quote from Ricter:

On average, the parts and assemblies in those buses crossed the border over a dozen times. "Made in Canada" is a designation given for the last country of significant work, which could be as little as painting.

 

[Tsing Tao]

Quote from g222:

quote from tsing tao:




But TT their revenue is NOT double taxed!! The $$ they pay out in wages is DEDUCTED from their revenues BEFORE their tax is computed ... then the employee pays a tax on his earnings. Then each expense they pay out - eahc and every expense, that is - is factored into the selling price of their goods and services that are eventually passed on to the final consumer. What I dismiss is their bleeding heart diatribe that their payment of a higher income tax will have a negative affect on jobs. those are threats and blackmail meant to scare the public. Labor cost is a function of gross sales and has nothing to do with extra or fewer taxes or any other incentives.


quote from tsing tao:




That MIGHT have something to do with a failure of our government to assure the fair pricing of imports within our marketplace. And I wonder ... just how many of those jobs lost here to other countries were lost because an opportunity was seen to be able to make MORE profit, rather than some profit and and leaving jobs here ???

1. I know it's not DOUBLE taxed. As I said, I was stating what I think he meant.

2. So your solution is to raise the cost of imports through....taxation?

3. PROFIT rules BUSINESS. To suggest it should be otherwise is asinine. Cut into PROFIT with taxation, and BUSINESS will move where it can find cheaper alternatives. And it will take it's jobs with it.

4. As for whether higher income taxes leads to lower jobs, I'd refer you to a chart that shows what states people are moving to in the US, and where they are moving from. And then look at unemployment rates in those states over the same time frame.

 

[Ricter]

Quote from Trader666:

It couldn't have been painted in the U.S.? Why do you feel compelled to make excuses?

I'm not excusing, I'm speaking from experience with North American manufacturing. For automotive it's safe to say that most (but not by much, a lot of imports from abroad go into vehicles now) of that product's inputs were made in the US and so benefited American labor directly. If the painting, for example, could be done cheaper in the US I assure you the manufacturer would have painted it there. At every step, landed costs (to put it simply) have to be considered.

 

[Trader666]

Sure you're making excuses. Now your excuse is that Odumbo was "saving" the taxpayers money. Maybe we should be grateful... NOT!

Quote from Ricter:

I'm not excusing, I'm speaking from experience with North American manufacturing. For automotive it's safe to say that most (but not by much, a lot of imports from abroad go into vehicles now) of that product's inputs were made in the US and so benefited American labor directly. If the painting, for example, could be done cheaper in the US I assure you the manufacturer would have painted it there. At every step, landed costs (to put it simply) have to be considered.