America’s wealthiest families smash income ceiling, middle-class left far behind

[OnePercenter]

My link showed two taxpaying entities (individual vs corporation) who's effective tax is compiled differently,

No, your link showed effective rate is calculated the same way for both.

Not even close.

 

[Toddsterpatriot]

My link showed two taxpaying entities (individual vs corporation) who's effective tax is compiled differently,

No, your link showed effective rate is calculated the same way for both.

Not even close.

An individual's effective tax rate is calculated by dividing total tax expense by taxable income. For corporations, the effective tax rate is computed by dividing total tax expenses by the firm's earnings before taxes.

Yeah, close.

 

[OnePercenter]

My link showed two taxpaying entities (individual vs corporation) who's effective tax is compiled differently,

No, your link showed effective rate is calculated the same way for both.

Not even close.

An individual's effective tax rate is calculated by dividing total tax expense by taxable income. For corporations, the effective tax rate is computed by dividing total tax expenses by the firm's earnings before taxes.

Yeah, close.

Isn't Taxable income, gross income?

Aren't a firms earnings, gross earnings minus expenses?

How is that close?

 

[Toddsterpatriot]

My link showed two taxpaying entities (individual vs corporation) who's effective tax is compiled differently,

No, your link showed effective rate is calculated the same way for both.

Not even close.

An individual's effective tax rate is calculated by dividing total tax expense by taxable income. For corporations, the effective tax rate is computed by dividing total tax expenses by the firm's earnings before taxes.

Yeah, close.

Isn't Taxable income, gross income?

Aren't a firms earnings, gross earnings minus expenses?

How is that close?

Isn't Taxable income, gross income?

No.

Aren't a firms earnings, gross earnings minus expenses?

Yes.

How is that close?

Taxes divided by taxable income, in both cases.

Explain the differences.

 

[OnePercenter]

My link showed two taxpaying entities (individual vs corporation) who's effective tax is compiled differently,

No, your link showed effective rate is calculated the same way for both.

Not even close.

An individual's effective tax rate is calculated by dividing total tax expense by taxable income. For corporations, the effective tax rate is computed by dividing total tax expenses by the firm's earnings before taxes.

Yeah, close.

Isn't Taxable income, gross income?

Aren't a firms earnings, gross earnings minus expenses?

How is that close?

Isn't Taxable income, gross income?

No.

Aren't a firms earnings, gross earnings minus expenses?

Yes.

How is that close?

Taxes divided by taxable income, in both cases.

Explain the differences.

Taxable income is wages, salaries, bonuses, commissions and tips,

 

[Toddsterpatriot]

My link showed two taxpaying entities (individual vs corporation) who's effective tax is compiled differently,

No, your link showed effective rate is calculated the same way for both.

Not even close.

An individual's effective tax rate is calculated by dividing total tax expense by taxable income. For corporations, the effective tax rate is computed by dividing total tax expenses by the firm's earnings before taxes.

Yeah, close.

Isn't Taxable income, gross income?

Aren't a firms earnings, gross earnings minus expenses?

How is that close?

Isn't Taxable income, gross income?

No.

Aren't a firms earnings, gross earnings minus expenses?

Yes.

How is that close?

Taxes divided by taxable income, in both cases.

Explain the differences.

Taxable income is wages, salaries, bonuses, commissions and tips,

Is that the IRS definition?

http://www.irs.gov/pub/irs-pdf/f1040.pdf

Line #43 on the current Form 1040 seems to be in conflict with your claim.

 

[bripat9643]

My link showed two taxpaying entities (individual vs corporation) who's effective tax is compiled differently,

No, your link showed effective rate is calculated the same way for both.

Not even close.

An individual's effective tax rate is calculated by dividing total tax expense by taxable income. For corporations, the effective tax rate is computed by dividing total tax expenses by the firm's earnings before taxes.

Yeah, close.

Isn't Taxable income, gross income?

Aren't a firms earnings, gross earnings minus expenses?

How is that close?

Isn't Taxable income, gross income?

No.

Aren't a firms earnings, gross earnings minus expenses?

Yes.

How is that close?

Taxes divided by taxable income, in both cases.

Explain the differences.

Taxable income is wages, salaries, bonuses, commissions and tips,

Not for a corporation, numskull.

 

[OnePercenter]

Not even close.

An individual's effective tax rate is calculated by dividing total tax expense by taxable income. For corporations, the effective tax rate is computed by dividing total tax expenses by the firm's earnings before taxes.

Yeah, close.

Isn't Taxable income, gross income?

Aren't a firms earnings, gross earnings minus expenses?

How is that close?

Isn't Taxable income, gross income?

No.

Aren't a firms earnings, gross earnings minus expenses?

Yes.

How is that close?

Taxes divided by taxable income, in both cases.

Explain the differences.

Taxable income is wages, salaries, bonuses, commissions and tips,

Is that the IRS definition?

http://www.irs.gov/pub/irs-pdf/f1040.pdf

Line #43 on the current Form 1040 seems to be in conflict with your claim.

What does the IRS have to do with it?

 

[OnePercenter]

Not even close.

An individual's effective tax rate is calculated by dividing total tax expense by taxable income. For corporations, the effective tax rate is computed by dividing total tax expenses by the firm's earnings before taxes.

Yeah, close.

Isn't Taxable income, gross income?

Aren't a firms earnings, gross earnings minus expenses?

How is that close?

Isn't Taxable income, gross income?

No.

Aren't a firms earnings, gross earnings minus expenses?

Yes.

How is that close?

Taxes divided by taxable income, in both cases.

Explain the differences.

Taxable income is wages, salaries, bonuses, commissions and tips,

Not for a corporation, numskull.

Which is my point. Why are they different?

 

[bripat9643]

An individual's effective tax rate is calculated by dividing total tax expense by taxable income. For corporations, the effective tax rate is computed by dividing total tax expenses by the firm's earnings before taxes.

Yeah, close.

Isn't Taxable income, gross income?

Aren't a firms earnings, gross earnings minus expenses?

How is that close?

Isn't Taxable income, gross income?

No.

Aren't a firms earnings, gross earnings minus expenses?

Yes.

How is that close?

Taxes divided by taxable income, in both cases.

Explain the differences.

Taxable income is wages, salaries, bonuses, commissions and tips,

Not for a corporation, numskull.

Which is my point. Why are they different?

You mean a business guru like you doesn't know something so basic to running a business?

For one thing, corporations don't earn wages or tips.

 

[Toddsterpatriot]

An individual's effective tax rate is calculated by dividing total tax expense by taxable income. For corporations, the effective tax rate is computed by dividing total tax expenses by the firm's earnings before taxes.

Yeah, close.

Isn't Taxable income, gross income?

Aren't a firms earnings, gross earnings minus expenses?

How is that close?

Isn't Taxable income, gross income?

No.

Aren't a firms earnings, gross earnings minus expenses?

Yes.

How is that close?

Taxes divided by taxable income, in both cases.

Explain the differences.

Taxable income is wages, salaries, bonuses, commissions and tips,

Is that the IRS definition?

http://www.irs.gov/pub/irs-pdf/f1040.pdf

Line #43 on the current Form 1040 seems to be in conflict with your claim.

What does the IRS have to do with it?

What does the IRS have to do with it?

As the taxing authority, they have quite a bit to do with taxable income.
Is your brain injury recent?

 

[OnePercenter]

Isn't Taxable income, gross income?

Aren't a firms earnings, gross earnings minus expenses?

How is that close?

Isn't Taxable income, gross income?

No.

Aren't a firms earnings, gross earnings minus expenses?

Yes.

How is that close?

Taxes divided by taxable income, in both cases.

Explain the differences.

Taxable income is wages, salaries, bonuses, commissions and tips,

Not for a corporation, numskull.

Which is my point. Why are they different?

You mean a business guru like you doesn't know something so basic to running a business?

For one thing, corporations don't earn wages or tips.

Why is the effective rate figured differently for individuals and corporations? It's a simple question, even Canadians should know.....

 

[OnePercenter]

Isn't Taxable income, gross income?

Aren't a firms earnings, gross earnings minus expenses?

How is that close?

Isn't Taxable income, gross income?

No.

Aren't a firms earnings, gross earnings minus expenses?

Yes.

How is that close?

Taxes divided by taxable income, in both cases.

Explain the differences.

Taxable income is wages, salaries, bonuses, commissions and tips,

Is that the IRS definition?

http://www.irs.gov/pub/irs-pdf/f1040.pdf

Line #43 on the current Form 1040 seems to be in conflict with your claim.

What does the IRS have to do with it?

What does the IRS have to do with it?

As the taxing authority, they have quite a bit to do with taxable income.
Is your brain injury recent?

Sure, but why is the effective rate figured differently for an individual and a corporation?

 

[bripat9643]

Isn't Taxable income, gross income?

No.

Aren't a firms earnings, gross earnings minus expenses?

Yes.

How is that close?

Taxes divided by taxable income, in both cases.

Explain the differences.

Taxable income is wages, salaries, bonuses, commissions and tips,

Not for a corporation, numskull.

Which is my point. Why are they different?

You mean a business guru like you doesn't know something so basic to running a business?

For one thing, corporations don't earn wages or tips.

Why is the effective rate figured differently for individuals and corporations? It's a simple question, even Canadians should know.....

I already explained it to you: corporations don't earn wages or tips

 

[OnePercenter]

Taxable income is wages, salaries, bonuses, commissions and tips,

Not for a corporation, numskull.

Which is my point. Why are they different?

You mean a business guru like you doesn't know something so basic to running a business?

For one thing, corporations don't earn wages or tips.

Why is the effective rate figured differently for individuals and corporations? It's a simple question, even Canadians should know.....

I already explained it to you: corporations don't earn wages or tips

No. Wrong.

 

[bripat9643]

Isn't Taxable income, gross income?

Aren't a firms earnings, gross earnings minus expenses?

How is that close?

Isn't Taxable income, gross income?

No.

Aren't a firms earnings, gross earnings minus expenses?

Yes.

How is that close?

Taxes divided by taxable income, in both cases.

Explain the differences.

Taxable income is wages, salaries, bonuses, commissions and tips,

Is that the IRS definition?

http://www.irs.gov/pub/irs-pdf/f1040.pdf

Line #43 on the current Form 1040 seems to be in conflict with your claim.

What does the IRS have to do with it?

What does the IRS have to do with it?

As the taxing authority, they have quite a bit to do with taxable income.
Is your brain injury recent?

This is the guy who claims to own a $100 million business.

 

[bripat9643]

Not for a corporation, numskull.

Which is my point. Why are they different?

You mean a business guru like you doesn't know something so basic to running a business?

For one thing, corporations don't earn wages or tips.

Why is the effective rate figured differently for individuals and corporations? It's a simple question, even Canadians should know.....

I already explained it to you: corporations don't earn wages or tips

No. Wrong.

Not wrong.

 

[Toddsterpatriot]

Isn't Taxable income, gross income?

No.

Aren't a firms earnings, gross earnings minus expenses?

Yes.

How is that close?

Taxes divided by taxable income, in both cases.

Explain the differences.

Taxable income is wages, salaries, bonuses, commissions and tips,

Is that the IRS definition?

http://www.irs.gov/pub/irs-pdf/f1040.pdf

Line #43 on the current Form 1040 seems to be in conflict with your claim.

What does the IRS have to do with it?

What does the IRS have to do with it?

As the taxing authority, they have quite a bit to do with taxable income.
Is your brain injury recent?

Sure, but why is the effective rate figured differently for an individual and a corporation?

Sure, but why is the effective rate figured differently for an individual and a corporation?

It isn't. In both cases it is....Taxes divided by taxable income.

 

[OnePercenter]

Taxable income is wages, salaries, bonuses, commissions and tips,

Is that the IRS definition?

http://www.irs.gov/pub/irs-pdf/f1040.pdf

Line #43 on the current Form 1040 seems to be in conflict with your claim.

What does the IRS have to do with it?

What does the IRS have to do with it?

As the taxing authority, they have quite a bit to do with taxable income.
Is your brain injury recent?

Sure, but why is the effective rate figured differently for an individual and a corporation?

Sure, but why is the effective rate figured differently for an individual and a corporation?

It isn't. In both cases it is....Taxes divided by taxable income.

For an individual taxable income is wages, salaries, bonuses, commissions and tips.

For a corporation it's revenue minus expenses.

Why the difference?

 

[Toddsterpatriot]

Is that the IRS definition?

http://www.irs.gov/pub/irs-pdf/f1040.pdf

Line #43 on the current Form 1040 seems to be in conflict with your claim.

What does the IRS have to do with it?

What does the IRS have to do with it?

As the taxing authority, they have quite a bit to do with taxable income.
Is your brain injury recent?

Sure, but why is the effective rate figured differently for an individual and a corporation?

Sure, but why is the effective rate figured differently for an individual and a corporation?

It isn't. In both cases it is....Taxes divided by taxable income.

For an individual taxable income is wages, salaries, bonuses, commissions and tips.

For a corporation it's revenue minus expenses.

Why the difference?

For an individual taxable income is wages, salaries, bonuses, commissions and tips.

The IRS disagrees with your claim.