Democrats and Republicans Are Quietly Planning a Corporate Giveaway — to the Tune of $400 Billion
- Thread starter Padawanbater2
- Start date
Blunted 4 lyfe
Well-Known Member
Boy are we a bunch of suckers and this is probably just the tip of the iceberg especially with CU. wow.
B4L
ThickStemz
Well-Known Member
You realize even the portion of revenue through taxes attributed to corporations and businesses actually comes from individuals, don't you?
A person buys a product. The company sells it for more than it cost to make it, that profit is taxed as corporate tax, but it comes at the expense of individuals.
You can't tax a business and any point you make that gets that one truth wrong or ignores it is simply wrong from the word go.
A person buys a product. The company sells it for more than it cost to make it, that profit is taxed as corporate tax, but it comes at the expense of individuals.
You can't tax a business and any point you make that gets that one truth wrong or ignores it is simply wrong from the word go.
UncleBuck
Well-Known Member
"businesses are people, folks! i'm super serious"
Padawanbater2
Well-Known Member
Get money out of politics and overturn Citizens United. That's the only way to fix this problem
You're not in favor of letting people keep more of their money, you're in favor of letting corporations hold their money hostage in bank accounts overseas until the US government gives them a corporate tax allowance to bring it back and substantially reduces or eliminates all together the current corporate tax rates
If you were actually in favor of letting people keep more of their money, like I am, you would be on the opposite side of this issue
In 1952, corporations paid 32.1% of US taxes, and in 2015, corporations paid 10.8% of US taxes. A -21.3% difference
In 1952, individuals paid 42.2% of US taxes, and in 2015, individuals paid 46.5% of US taxes. A +4.3% increase
In 1952, individuals also paid 9.7% to SSI and retirement, in 2015, individuals paid 33.5% to SSI and retirement. A +23.8% increase...
So, over the course of 63 years, since 1952, the tax burden for corporations has significantly decreased by -21.3%
During that same time period, the tax burden for individuals has significantly increased by +28.1%
So when you say "people should be allowed to keep their own money!", that's not what you actually mean. What you mean to say is "corporations should be allowed to shift their tax burden onto individuals!"
My side supports individuals, your side supports corporations
NLXSK1
Well-Known Member
Corporations do not pay taxes. Corporate profit is after all expenses INCLUDING taxes.
You are demanding that you pay higher rates for products and services. It is insane but I expect it from you.
ThickStemz
Well-Known Member
No.... they're not. You can tax a person. You can't tax a business.
If you don't understand that you're a fool.
A business cab offset by 100% of the tax to persons with whom it does business. A person cannot.
Padawanbater2
Well-Known Member
Then why do prices rise;
As corporate tax rates fall?;
According to you, the opposite should happen. As corporate tax rates fall, prices should fall accordingly, right?
ThickStemz
Well-Known Member
If everything else remains the same...Then why do prices rise;
As corporate tax rates fall?;
According to you, the opposite should happen. As corporate tax rates fall, prices should fall accordingly, right?
Has everything else remained the same?
ThickStemz
Well-Known Member
By the way your graph doesn't say what you say it says...Then why do prices rise;
As corporate tax rates fall?;
According to you, the opposite should happen. As corporate tax rates fall, prices should fall accordingly, right?
It's corporate tax revenue by percent of gdp... not corporate tax rates.
Padawanbater2
Well-Known Member
"If we raise corporate tax rates, prices will rise!"
But when we lower corporate tax rates... prices still rise
Interesting, so then it would seem, according to the data, that regardless of what we do to the corporate tax rates, prices of goods and services still rise
Since you guys are the ones making this claim, point to an example in US history that shows the correlation between low taxes/low prices and high taxes/high prices
It's the same thing; Corporate tax revenue is what's collected by the government, if it's lower, corporations are paying a lower tax rate
Padawanbater2
Well-Known Member
Unlimited as far as I know
Many members have been banned and created alternate accounts to come back, some more obvious than others. Buck generally identifies them within a week or so
UncleBuck
Well-Known Member
aren't you a fan of donald trump, who wants to put a 35% tarriff on chinese goods, thereby upping your bill every time you shop at walmart?
UncleBuck
Well-Known Member
i love how they want to have it both ways.
they even ignore elementary tenets of business, such as substitute goods.
those who pass on higher costs of doing business will inevitably lose out to those who do not pass those costs on, or who pass less of the costs on.
when will they realize that fox news is not an accredited university of higher learning?
ThickStemz
Well-Known Member
Youre engaging in sophistry."If we raise corporate tax rates, prices will rise!"
But when we lower corporate tax rates... prices still rise
Interesting, so then it would seem, according to the data, that regardless of what we do to the corporate tax rates, prices of goods and services still rise
Since you guys are the ones making this claim, point to an example in US history that shows the correlation between low taxes/low prices and high taxes/high prices
It's the same thing; Corporate tax revenue is what's collected by the government, if it's lower, corporations are paying a lower tax rate
This is a very complex thing, ecconomics, and you shouldn't draw conclusions so vast from two points of data.
So many other things going on.
Padawanbater2
Well-Known Member
You're (& NLXSK1) the ones making positive claims
Dispelling those claims isn't sophistry