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Soooo ... back to Greece for a moment. Today the Greek central bank warned of a doomsday scenario for Greece if politicians fail to strike a deal with creditors. Today with perhaps not enough time to have a deal approved and Greece recapitalized, their central bank finally admits what everyone but Greece's PM and FM has known for months. Their leadership are like minor leaguers brought up to the big leagues because the team is way out of contention. Pathetic.
Greece The ultimate doomsday scenario - Jun. 17 2015
The bank warned Wednesday of "an uncontrollable crisis" if the indebted country defaults, which would ultimately lead to it falling out of the Eurozone.
"All this would imply deep recession, a dramatic decline in income levels [and] an exponential rise in unemployment," it said in a statement. "From its position as a core member of Europe, Greece would see itself relegated to the rank of a poor country in the European South."
If Gramm and US Republicans hadn't deregulated derivatives, the financial problems in Greece, as well most of the UK wouldn't exist today. Your failed voting record is actually to blame.
Corporations don't hoard their net earnings for 20 years.
You know that, don't you?
Why don't you just provide the source for your $100 trillion claim?
So I can stop mocking your ignorance.
Corporations don't hoard their net earnings for 20 years.
You know that, don't you?
Why don't you just provide the source for your $100 trillion claim?
So I can stop mocking your ignorance.
Sure they do. You've never heard of holding accounts?
I did provide a source. The net earnings of all corporations over the last 20 years.
Already answered numerous times.
No, you've never shown that the bottom 50% pay the majority of any tax.
They don't pay most of the property taxes collected.
They don't pay most of the sales taxes collected.
They don't pay most of the Social Security taxes collected.
All seven Nevada corporations paid 6% or less in federal tax.
The tax rate on corporations is higher than that. So is the rate on trusts.
You're lying.
Already answered numerous times.
No, you've never shown that the bottom 50% pay the majority of any tax.
They don't pay most of the property taxes collected.
They don't pay most of the sales taxes collected.
They don't pay most of the Social Security taxes collected.
All seven Nevada corporations paid 6% or less in federal tax.
The tax rate on corporations is higher than that. So is the rate on trusts.
You're lying.
They don't pay most of the property taxes collected.
They don't pay most of the sales taxes collected.
They don't pay most of the Social Security taxes collected.
That would be one-percenters.
The tax rate on corporations is higher than that. So is the rate on trusts.
You're lying.
And again, I'm writing actual numbers
Real numbers: My non-regulated family trust which is a Nevada Corporation paid; $987,000.00 in federal tax on $36.5M in income.
If Gramm and US Republicans hadn't deregulated derivatives
And that darned President who signed the bill, what was his name?
the financial problems in Greece, as well most of the UK wouldn't exist today.
I know it's hard to believe, but those pesky Greeks and Brits could trade whatever derivatives they desired and a silly US law couldn't stop them.
My non-regulated family trust which is a Nevada Corporation paid; $987,000.00 in federal tax on $36.5M in income.
Like individuals, trusts must pay taxes on earnings. Yet trusts vault into the highest bracket much quicker than individuals do: In 2014, trusts pay the maximum rate on any earnings above $12,150, while individuals can make as much as $406,750 before the top rate kicks in.
In addition, many trusts face a bigger income-tax bite when they file this year because of new higher rates on top earners that took effect in 2013. The maximum rate for trusts is 43.4%, now that the highest tax bracket has risen to 39.6% and there is also a new 3.8% surtax on net investment income for high earners.
How a Trust Can Cut Taxes - WSJ
Liar.
Pull Walmart's financials from 2014 and tell me where the net earnings went.
If Gramm and US Republicans hadn't deregulated derivatives
And that darned President who signed the bill, what was his name?
the financial problems in Greece, as well most of the UK wouldn't exist today.
I know it's hard to believe, but those pesky Greeks and Brits could trade whatever derivatives they desired and a silly US law couldn't stop them.
Bill Clinton signed a budget bill where derivatives was attached, so we now know why Republicans were against line item veto.
I suggest you research the derivatives crisis of 2007-2008 which was world wide.
My non-regulated family trust which is a Nevada Corporation paid; $987,000.00 in federal tax on $36.5M in income.
Like individuals, trusts must pay taxes on earnings. Yet trusts vault into the highest bracket much quicker than individuals do: In 2014, trusts pay the maximum rate on any earnings above $12,150, while individuals can make as much as $406,750 before the top rate kicks in.
In addition, many trusts face a bigger income-tax bite when they file this year because of new higher rates on top earners that took effect in 2013. The maximum rate for trusts is 43.4%, now that the highest tax bracket has risen to 39.6% and there is also a new 3.8% surtax on net investment income for high earners.
How a Trust Can Cut Taxes - WSJ
Liar.
Now, take a non-regulated trust and make it a Nevada corporation.
Pull Walmart's financials from 2014 and tell me where the net earnings went.
WMT Income Statement Wal-Mart Stores Inc. Common St Stock - Yahoo Finance
WalMart's most recent fiscal year showed net earnings of $16.363 billion.
They paid almost $6.8 billion in dividends.
They bought back almost $2.9 billion in stock.
Looks like about 40% available for your imaginary hoarding.
Bill Clinton signed a budget bill where derivatives was attached
Show me.
I suggest you research the derivatives crisis of 2007-2008
That was a bad debt crisis.
Pull Walmart's financials from 2014 and tell me where the net earnings went.
WMT Income Statement Wal-Mart Stores Inc. Common St Stock - Yahoo Finance
WalMart's most recent fiscal year showed net earnings of $16.363 billion.
They paid almost $6.8 billion in dividends.
They bought back almost $2.9 billion in stock.
Looks like about 40% available for your imaginary hoarding.
Payment of dividends is deductible. Why would you use net money?
The stock buyback. Are you sure that wasn't the Walmart seven? They're trying to take Walmart private.
Bill Clinton signed a budget bill where derivatives was attached
Show me.
I suggest you research the derivatives crisis of 2007-2008
That was a bad debt crisis.
I, as well as others already have.
2008 WAS a bad debt crisis, which was made incredibly worse by the derivatives crash.
Bill Clinton signed a budget bill where derivatives was attached
Show me.
I suggest you research the derivatives crisis of 2007-2008
That was a bad debt crisis.
I, as well as others already have.
2008 WAS a bad debt crisis, which was made incredibly worse by the derivatives crash.
I don't care what state your imaginary trust is located in. Neither does the IRS.
Over 43%, liar.
I don't care what state your imaginary trust is located in. Neither does the IRS.
Over 43%, liar.
Keep thinking that and you'll die poor.
Payment of dividends is deductible.
My god, you're a moron! No, they are not deductible.
Are you sure that wasn't the Walmart seven?
How are they involved with your total ignorance of corporate cash holdings?
$100 trillion? Still fucking hilarious!
Payment of dividends is deductible.
My god, you're a moron! No, they are not deductible.
Sure they are.
Are you sure that wasn't the Walmart seven?How are they involved with your total ignorance of corporate cash holdings?
$100 trillion? Still fucking hilarious!
How are the Walmart seven involved in taking the company private? If Walmart went private, who would make ALL of the profit?
Your funny!
