Majority of Americans favor wealth tax on very rich: Reuters/Ipsos poll

[Aldo Raine]

Which is bought by the consumer. So...they pay income taxes plus they pay the taxes being paid by the corporation. How does that help anyone?

Are you advocating that corporations pay no taxes?

Other than deceiving some of the public who do not understand that the corporations simply increase the cost of their product, what is the upside of high income taxes for a corporation?

A nominal income tax, say no more than 5 or 10% would provide an income stream and not be destructive.

Uhm, that is EXACTLY what I have stated. Flat tax for Everyone with no expenditures either. Do you and Ray go to the same school.?

So with no deductions, where would people work? Where would they live? Because getting rid of deductions would have an impact on those things.

Why should people get deductions because of where they live?
Why would deductions impact where someone works.

It doesn't Ray just got caught not comprehending what was posted earlier and is spinning.

 

[Ray From Cleveland]

Which is bought by the consumer. So...they pay income taxes plus they pay the taxes being paid by the corporation. How does that help anyone?

Are you advocating that corporations pay no taxes?

Other than deceiving some of the public who do not understand that the corporations simply increase the cost of their product, what is the upside of high income taxes for a corporation?

A nominal income tax, say no more than 5 or 10% would provide an income stream and not be destructive.

Uhm, that is EXACTLY what I have stated. Flat tax for Everyone with no expenditures either. Do you and Ray go to the same school.?

So with no deductions, where would people work? Where would they live? Because getting rid of deductions would have an impact on those things.

Why should people get deductions because of where they live?
Why would deductions impact where someone works.

Where do you think those deductions a company has come from? They come from spending money, such as business expansion or equipment replacement. Deductions encourage companies to invest and create more jobs.

People don't get deductions because of where they live, but I do. Without deductions, I would have no choice but to drastically increase rent on my tenants. Having the dozens and dozens of deductions I have allow me to keep rent at a reasonable rate. If I didn't have them, then it costs me more money to do business, and I have to pass on that loss. None of my tenants are wealthy. They rent from me for a reason.

Bottom line is that without deductions, businesses of all kinds would have to pass that loss on to their customers.

 

[dblack]

Which is bought by the consumer. So...they pay income taxes plus they pay the taxes being paid by the corporation. How does that help anyone?

Are you advocating that corporations pay no taxes?

Other than deceiving some of the public who do not understand that the corporations simply increase the cost of their product, what is the upside of high income taxes for a corporation?

A nominal income tax, say no more than 5 or 10% would provide an income stream and not be destructive.

Uhm, that is EXACTLY what I have stated. Flat tax for Everyone with no expenditures either. Do you and Ray go to the same school.?

So with no deductions, where would people work? Where would they live? Because getting rid of deductions would have an impact on those things.

Why should people get deductions because of where they live?
Why would deductions impact where someone works.

Targeted deductions, rebates, incentives, sin taxes, etc, etc.... are tools to give Congress more power. Suckers fall them ("free shit!"), but they are an abuse of government and need to be abolished.

 

[dblack]

Deductions encourage companies to invest and create more jobs.

Yep. I'm just about fed up with government "encouragement".

 

[Aldo Raine]

Are you advocating that corporations pay no taxes?

Other than deceiving some of the public who do not understand that the corporations simply increase the cost of their product, what is the upside of high income taxes for a corporation?

A nominal income tax, say no more than 5 or 10% would provide an income stream and not be destructive.

Uhm, that is EXACTLY what I have stated. Flat tax for Everyone with no expenditures either. Do you and Ray go to the same school.?

So with no deductions, where would people work? Where would they live? Because getting rid of deductions would have an impact on those things.

Why should people get deductions because of where they live?
Why would deductions impact where someone works.

Where do you think those deductions a company has come from? They come from spending money, such as business expansion or equipment replacement. Deductions encourage companies to invest and create more jobs.

People don't get deductions because of where they live, but I do. Without deductions, I would have no choice but to drastically increase rent on my tenants. Having the dozens and dozens of deductions I have allow me to keep rent at a reasonable rate. If I didn't have them, then it costs me more money to do business, and I have to pass on that loss. None of my tenants are wealthy. They rent from me for a reason.

Bottom line is that without deductions, businesses of all kinds would have to pass that loss on to their customers.

Why should the public pay for a company to upgrade to make more money. Glad you are so into corporate welfare!!!!

 

[dblack]

Other than deceiving some of the public who do not understand that the corporations simply increase the cost of their product, what is the upside of high income taxes for a corporation?

A nominal income tax, say no more than 5 or 10% would provide an income stream and not be destructive.

Uhm, that is EXACTLY what I have stated. Flat tax for Everyone with no expenditures either. Do you and Ray go to the same school.?

So with no deductions, where would people work? Where would they live? Because getting rid of deductions would have an impact on those things.

Why should people get deductions because of where they live?
Why would deductions impact where someone works.

Where do you think those deductions a company has come from? They come from spending money, such as business expansion or equipment replacement. Deductions encourage companies to invest and create more jobs.

People don't get deductions because of where they live, but I do. Without deductions, I would have no choice but to drastically increase rent on my tenants. Having the dozens and dozens of deductions I have allow me to keep rent at a reasonable rate. If I didn't have them, then it costs me more money to do business, and I have to pass on that loss. None of my tenants are wealthy. They rent from me for a reason.

Bottom line is that without deductions, businesses of all kinds would have to pass that loss on to their customers.

Why should the public pay for a company to upgrade to make more money. Glad you are so into corporate welfare!!!!

On the flip side, why should government have the power to manipulate society that way?

 

[Ray From Cleveland]

Other than deceiving some of the public who do not understand that the corporations simply increase the cost of their product, what is the upside of high income taxes for a corporation?

A nominal income tax, say no more than 5 or 10% would provide an income stream and not be destructive.

Uhm, that is EXACTLY what I have stated. Flat tax for Everyone with no expenditures either. Do you and Ray go to the same school.?

So with no deductions, where would people work? Where would they live? Because getting rid of deductions would have an impact on those things.

Why should people get deductions because of where they live?
Why would deductions impact where someone works.

Where do you think those deductions a company has come from? They come from spending money, such as business expansion or equipment replacement. Deductions encourage companies to invest and create more jobs.

People don't get deductions because of where they live, but I do. Without deductions, I would have no choice but to drastically increase rent on my tenants. Having the dozens and dozens of deductions I have allow me to keep rent at a reasonable rate. If I didn't have them, then it costs me more money to do business, and I have to pass on that loss. None of my tenants are wealthy. They rent from me for a reason.

Bottom line is that without deductions, businesses of all kinds would have to pass that loss on to their customers.

Why should the public pay for a company to upgrade to make more money. Glad you are so into corporate welfare!!!!

As I already explained, being allowed to make those deductions encourages investment. If there are no deductions, then a company is much less likely to make such investments. Letting people keep more of their own money is not welfare. Welfare is when you give something to somebody that they never had before.

 

[Ray From Cleveland]

Deductions encourage companies to invest and create more jobs.

Yep. I'm just about fed up with government "encouragement".

And that's fine. But don't complain when more jobs get moved overseas, or more outsourcing takes place.

 

[dblack]

As I already explained, being allowed to make those deductions encourages investment. If there are no deductions, then a company is much less likely to make such investments.

And they probably have good reasons for that. Pushing businesses into investments that wouldn't be profitable without the state subsidy is bad for the market. It serves the interests of Congress, and their lobbyists, but it creates market inefficiencies that harm everyone else.

Letting people keep more of their own money is not welfare. Welfare is when you give something to somebody that they never had before.

Letting some people "keep more of their own money" and screwing everyone else is bad, regardless of what you call it. We should all follow the same rules, or get rid of the rules.

 

[dblack]

Deductions encourage companies to invest and create more jobs.

Yep. I'm just about fed up with government "encouragement".

And that's fine. But don't complain when more jobs get moved overseas, or more outsourcing takes place.

I never do.

 

[Ray From Cleveland]

And they probably have good reasons for that. Pushing businesses into investments that wouldn't be profitable without the state subsidy is bad for the market. It serves the interests of Congress, and their lobbyists, but it creates market inefficiencies that harm everyone else.

You don't understand deductions then. Let's say I want to replace the windows in one of my apartments. I spend 15K in new windows. The government does not give me that 15K back in cash, What it does mean is I am refunded the tax that I paid on that money when I earned it. However with the deduction I will get from that purchase, it helps me to be able to make that investment.

A company had to make those windows which put Americans to work. A company has to pickup those windows to deliver them to the warehouse which puts warehouse people to work. My installer has to pickup those windows and install them on the apartment which put them to work. It's a domino effect.

Letting some people "keep more of their own money" and screwing everyone else is bad, regardless of what you call it. We should all follow the same rules, or get rid of the rules.

How is that screwing people?

 

[dblack]

And they probably have good reasons for that. Pushing businesses into investments that wouldn't be profitable without the state subsidy is bad for the market. It serves the interests of Congress, and their lobbyists, but it creates market inefficiencies that harm everyone else.

You don't understand deductions then. Let's say I want to replace the windows in one of my apartments. I spend 15K in new windows. The government does not give me that 15K back in cash, What it does mean is I am refunded the tax that I paid on that money when I earned it. However with the deduction I will get from that purchase, it helps me to be able to make that investment.

-- an investment you wouldn't make without the "help". Again, that's bad for markets, and it's bad for society.

Letting some people "keep more of their own money" and screwing everyone else is bad, regardless of what you call it. We should all follow the same rules, or get rid of the rules.

How is that screwing people?

Giving some people tax breaks - because they jump through whatever hoops Congress has set up - and denying those tax breaks to those who don't - is screwing those who won't do as they're told. I'm sorry you can't see it.

 

[Aldo Raine]

Are you advocating that corporations pay no taxes?

Other than deceiving some of the public who do not understand that the corporations simply increase the cost of their product, what is the upside of high income taxes for a corporation?

A nominal income tax, say no more than 5 or 10% would provide an income stream and not be destructive.

Uhm, that is EXACTLY what I have stated. Flat tax for Everyone with no expenditures either. Do you and Ray go to the same school.?

So with no deductions, where would people work? Where would they live? Because getting rid of deductions would have an impact on those things.

Why should people get deductions because of where they live?
Why would deductions impact where someone works.

Where do you think those deductions a company has come from? They come from spending money, such as business expansion or equipment replacement. Deductions encourage companies to invest and create more jobs.

People don't get deductions because of where they live, but I do. Without deductions, I would have no choice but to drastically increase rent on my tenants. Having the dozens and dozens of deductions I have allow me to keep rent at a reasonable rate. If I didn't have them, then it costs me more money to do business, and I have to pass on that loss. None of my tenants are wealthy. They rent from me for a reason.

Bottom line is that without deductions, businesses of all kinds would have to pass that loss on to their customers.

I get it Ray you are all for corporate welfare. You do not need to explain it. I am advocating a way lower base rate with no deductions. You want them to have it all. Here is a solution for you Ray no corporations pay any kind of tax ever. Is that fair enough for you now.

 

[Aldo Raine]

Uhm, that is EXACTLY what I have stated. Flat tax for Everyone with no expenditures either. Do you and Ray go to the same school.?

So with no deductions, where would people work? Where would they live? Because getting rid of deductions would have an impact on those things.

Why should people get deductions because of where they live?
Why would deductions impact where someone works.

Where do you think those deductions a company has come from? They come from spending money, such as business expansion or equipment replacement. Deductions encourage companies to invest and create more jobs.

People don't get deductions because of where they live, but I do. Without deductions, I would have no choice but to drastically increase rent on my tenants. Having the dozens and dozens of deductions I have allow me to keep rent at a reasonable rate. If I didn't have them, then it costs me more money to do business, and I have to pass on that loss. None of my tenants are wealthy. They rent from me for a reason.

Bottom line is that without deductions, businesses of all kinds would have to pass that loss on to their customers.

Why should the public pay for a company to upgrade to make more money. Glad you are so into corporate welfare!!!!

On the flip side, why should government have the power to manipulate society that way?

They should not that is why the flat tax rate with 0 expenditures makes the playing field more even.

 

[Ray From Cleveland]

And they probably have good reasons for that. Pushing businesses into investments that wouldn't be profitable without the state subsidy is bad for the market. It serves the interests of Congress, and their lobbyists, but it creates market inefficiencies that harm everyone else.

You don't understand deductions then. Let's say I want to replace the windows in one of my apartments. I spend 15K in new windows. The government does not give me that 15K back in cash, What it does mean is I am refunded the tax that I paid on that money when I earned it. However with the deduction I will get from that purchase, it helps me to be able to make that investment.

-- an investment you wouldn't make without the "help". Again, that's bad for markets, and it's bad for society.

Letting some people "keep more of their own money" and screwing everyone else is bad, regardless of what you call it. We should all follow the same rules, or get rid of the rules.

How is that screwing people?

Giving some people tax breaks - because they jump through whatever hoops Congress has set up - and denying those tax breaks to everyone who won't jump through those hoops - is screwing those who don't do as they're told. I'm sorry you can't see it.

That's not screwing anybody. Our economic system is setup to encourage growth. It's like the lower capital gains rates. Why are they lower? Because it encourages people with money to invest in the market. When that happens, the economy grows, little people with their IRA money invested in the market get a more secure retirement account, which in the end, is less burden on our government. Companies use that money others invested in their industry to make investments of their own and create jobs.

It's just like dependent write-offs. They were designed to help our country grow, to encourage people to have families, encourage a spouse to stay home and raise those children. Do you think people who rent instead of own are getting screwed because they have no mortgage interest to write off?

 

[dblack]

And they probably have good reasons for that. Pushing businesses into investments that wouldn't be profitable without the state subsidy is bad for the market. It serves the interests of Congress, and their lobbyists, but it creates market inefficiencies that harm everyone else.

You don't understand deductions then. Let's say I want to replace the windows in one of my apartments. I spend 15K in new windows. The government does not give me that 15K back in cash, What it does mean is I am refunded the tax that I paid on that money when I earned it. However with the deduction I will get from that purchase, it helps me to be able to make that investment.

-- an investment you wouldn't make without the "help". Again, that's bad for markets, and it's bad for society.

Letting some people "keep more of their own money" and screwing everyone else is bad, regardless of what you call it. We should all follow the same rules, or get rid of the rules.

How is that screwing people?

Giving some people tax breaks - because they jump through whatever hoops Congress has set up - and denying those tax breaks to everyone who won't jump through those hoops - is screwing those who don't do as they're told. I'm sorry you can't see it.

That's not screwing anybody.

Like I said, I'm sorry you can't see it - specifically because you pretend to be opposed to socialism. And the kind of market manipulation you're advocating is directly in line with the socialists' agenda. They want state power over private economic decisions, and these games we play with the tax code give them that power.

 

[dblack]

Do you think people who rent instead of own are getting screwed because they have no mortgage interest to write off?

Yes. But the people who get screwed even more are those who save up their money and pay cash for a house.

 

[Ray From Cleveland]

Other than deceiving some of the public who do not understand that the corporations simply increase the cost of their product, what is the upside of high income taxes for a corporation?

A nominal income tax, say no more than 5 or 10% would provide an income stream and not be destructive.

Uhm, that is EXACTLY what I have stated. Flat tax for Everyone with no expenditures either. Do you and Ray go to the same school.?

So with no deductions, where would people work? Where would they live? Because getting rid of deductions would have an impact on those things.

Why should people get deductions because of where they live?
Why would deductions impact where someone works.

Where do you think those deductions a company has come from? They come from spending money, such as business expansion or equipment replacement. Deductions encourage companies to invest and create more jobs.

People don't get deductions because of where they live, but I do. Without deductions, I would have no choice but to drastically increase rent on my tenants. Having the dozens and dozens of deductions I have allow me to keep rent at a reasonable rate. If I didn't have them, then it costs me more money to do business, and I have to pass on that loss. None of my tenants are wealthy. They rent from me for a reason.

Bottom line is that without deductions, businesses of all kinds would have to pass that loss on to their customers.

I get it Ray you are all for corporate welfare. You do not need to explain it. I am advocating a way lower base rate with no deductions. You want them to have it all. Here is a solution for you Ray no corporations pay any kind of tax ever. Is that fair enough for you now.

Obviously I do need to explain it because you don't understand that welfare does not mean letting people keep more of what they earned. That's not welfare. It was a term created by the commies to convince voters that they are paying for companies to exist. Corporate welfare is something AOC actually believes.

Deductions encourage people to invest. Take that away, you will have much less investment, which means a much slower economy.

 

[Ray From Cleveland]

Do you think people who rent instead of own are getting screwed because they have no mortgage interest to write off?

Yes. But the people who get screwed even more are those who save up their money and pay cash for a house.

Outside of lottery winners, who pays cash for a house????

 

[Harpy Eagle]

And they probably have good reasons for that. Pushing businesses into investments that wouldn't be profitable without the state subsidy is bad for the market. It serves the interests of Congress, and their lobbyists, but it creates market inefficiencies that harm everyone else.

You don't understand deductions then. Let's say I want to replace the windows in one of my apartments. I spend 15K in new windows. The government does not give me that 15K back in cash, What it does mean is I am refunded the tax that I paid on that money when I earned it. However with the deduction I will get from that purchase, it helps me to be able to make that investment.

-- an investment you wouldn't make without the "help". Again, that's bad for markets, and it's bad for society.

Letting some people "keep more of their own money" and screwing everyone else is bad, regardless of what you call it. We should all follow the same rules, or get rid of the rules.

How is that screwing people?

Giving some people tax breaks - because they jump through whatever hoops Congress has set up - and denying those tax breaks to everyone who won't jump through those hoops - is screwing those who don't do as they're told. I'm sorry you can't see it.

That's not screwing anybody. Our economic system is setup to encourage growth. It's like the lower capital gains rates. Why are they lower? Because it encourages people with money to invest in the market. When that happens, the economy grows, little people with their IRA money invested in the market get a more secure retirement account, which in the end, is less burden on our government. Companies use that money others invested in their industry to make investments of their own and create jobs.

It's just like dependent write-offs. They were designed to help our country grow, to encourage people to have families, encourage a spouse to stay home and raise those children. Do you think people who rent instead of own are getting screwed because they have no mortgage interest to write off?

Yrs, they are. Why should two people that make the exact same amount pay different rates based upon whether they have debt or not?