Why does the left believe a corporate tax break "steals" money from the taxpayers?

[g5000]

If you want to avoid making a complete pseudocon fool of yourself, read this: Lowering Corporate Tax Rates The Coward’s Way

Particularly posts 1, 2, and 5.

 

[g5000]

Tax expenditures are a favorite method of fake Republicans to hide spending increases. By putting these handouts in the tax code for their donors, they receive campaign cash in exchange, thus ensuring the American Politboro has a 98 percent re-election rate in the House and a 90 percent re-election rate in the Senate.

About the only way to unseat these corrupt hacks if for them to retire or die.

By eliminating tax expenditures, we would have a balanced budget, lower tax rates for EVERYONE, and would have instant campaign finance reform that actually works.

 

[jillian]

How many times have you heard "Corporate tax breaks are being subsidized by the tax-paying public" or "The tax payers are having to foot the bill for a private company"?

Those are ignorant statements. A tax break given to a corporation isn't existing money the government has already collected from taxpayers, it's some of the money those corporations have earned on their own. Money which they don't have to pay to the government. They earned it, and they own it.

That would be equivalent to saying that the general public has some right to a corporation's earnings which anyone can tell you, is socialism.

because they don't invest it in workers, nutter butter. they off shore it.

everyone pays their fair share.... even sub literate loons like you. (assuming you have an income).

 

[jillian]

End the drug war, right wingers. don't be socialists on a national basis; y'all have a majority in Congress, now.

/----/ as soon as libs stop the war on guns.

no one is "warning on guns moron. you are not entitled not to have any regulation.

pissant.

 

[g5000]

How many times have you heard "Corporate tax breaks are being subsidized by the tax-paying public" or "The tax payers are having to foot the bill for a private company"?

Those are ignorant statements. A tax break given to a corporation isn't existing money the government has already collected from taxpayers, it's some of the money those corporations have earned on their own. Money which they don't have to pay to the government. They earned it, and they own it.

That would be equivalent to saying that the general public has some right to a corporation's earnings which anyone can tell you, is socialism.

Every dollar a corporation doesn't pay in taxes has to be paid by someone else,

all else being equal.

Exactly. That is the other side of the equation which tards like Galt don't get.

 

[g5000]

How many times have you heard "Corporate tax breaks are being subsidized by the tax-paying public" or "The tax payers are having to foot the bill for a private company"?

Those are ignorant statements. A tax break given to a corporation isn't existing money the government has already collected from taxpayers, it's some of the money those corporations have earned on their own. Money which they don't have to pay to the government. They earned it, and they own it.

That would be equivalent to saying that the general public has some right to a corporation's earnings which anyone can tell you, is socialism.

Every dollar a corporation doesn't pay in taxes has to be paid by someone else,

all else being equal.

/----/ Not true. Letting people keep more of their hard earned money costs nothing.

You are dead wrong, dipshit.

Every dollar deducted, or exempted or credited has to be made up for by someone else. And that is achieved by higher tax rates on EVERYONE.

A tax expenditure is just like welfare in that way.

 

[g5000]

I've never heard of a case where the government increased the taxpayer's tax rate, because some corporation got a tax break.

Please point that out to me if you can.

Glad to!

Lowering Corporate Tax Rates The Coward’s Way

You're welcome.

 

[g5000]

I've never heard of a case where the government increased the taxpayer's tax rate, because some corporation got a tax break.

Please point that out to me if you can.

No tax reform without border adjustment tax, Rep. Nunes says

"If people wanted to drop the corporate rate from 35 to say 33, 32, maybe 30, we could probably do it. But if you go back to several years that we looked at doing just that, the goal was to get to 25 percent, and by the time every lobbyist, every special interest group in town, representing every major corporation in this country, the tax rate was automatically all the way back above 30 by the time you put everybody's special loophole in."

I'll wait here for your admission you have been terribly wrong all this time.

 

[g5000]

How many times have you heard "Corporate tax breaks are being subsidized by the tax-paying public" or "The tax payers are having to foot the bill for a private company"?

Those are ignorant statements. A tax break given to a corporation isn't existing money the government has already collected from taxpayers, it's some of the money those corporations have earned on their own. Money which they don't have to pay to the government. They earned it, and they own it.

That would be equivalent to saying that the general public has some right to a corporation's earnings which anyone can tell you, is socialism.

Every dollar a corporation doesn't pay in taxes has to be paid by someone else,

all else being equal.

/----/ Not true. Letting people keep more of their hard earned money costs nothing.

We have 20 trillion in debt proving that is wrong.

/----/ Cut spending and force the Gubmint to live within its means. The debt isn't caused by low taxes but from too much spending.

You really have no idea how tax expenditures work.

 

[g5000]

How many times have you heard "Corporate tax breaks are being subsidized by the tax-paying public" or "The tax payers are having to foot the bill for a private company"?

Those are ignorant statements. A tax break given to a corporation isn't existing money the government has already collected from taxpayers, it's some of the money those corporations have earned on their own. Money which they don't have to pay to the government. They earned it, and they own it.

That would be equivalent to saying that the general public has some right to a corporation's earnings which anyone can tell you, is socialism.

Every dollar a corporation doesn't pay in taxes has to be paid by someone else,

all else being equal.

/----/ Not true. Letting people keep more of their hard earned money costs nothing.

We have 20 trillion in debt proving that is wrong.

Half of that being Obama's doing. If you remember the national debt was only something like $9 Trillion when GW left office.

And where did that $10 Trillion dollars Obama ran up go to?

Tax expenditures add up to $1.4 trillion a year.

Each. Year.

 

[g5000]

Every dollar a corporation doesn't pay in taxes has to be paid by someone else,

all else being equal.

Notice how the dipshit, talks about taxes in, but never reduction of the FAILED government agencies? I just showed a video of illegal anchors scamming billions from US tax payers ( #5 ), but hey, those evil corps need to pay more. Why? So those future illegal Democrat voters will vote Democrat. Just cant get more stupid than a liberal.

The topic is taxes, retard.

If you are too stupid not to know how to avoid paying taxes, then you deserve to pay all those taxes you pay to the government. It isn't my fault but yours and your failed ideologue that DEMANDS that everyone be equally poor and equally miserable. That is why liberal tax people to death. Dumbass....

To collect a hundred dollars in revenue:

You tax the individual, the corporation. If you give the corporation a tax break, you have to increase taxes on the individual in order to get the same hundred in revenue,

or you have to run a deficit.

Get it?

When you waste billions of dollars on FAILED government agencies, your solution is to tax more, while smart people want to punish the agencies and give those agencies less money to waste. I notice that you don't want to debate how fucking stupid you are.

Even after you cut all the spending you think is wasteful, we would still be spending an additional $1.4 trillion on tax expenditures which would have to be paid for. And they are paid for by raising tax rates.

You dumb shits just don't get it. You have no clue how our government works, nor grasp the basics of mathematics.

 

[g5000]

Speaking of spending, Bush and his GOP Congress created a government medical entitlement which has added more to our federal debt than ObamaCare.

And yet I have never heard a fucking peep from you parroting tards about it.

Because you parrot what you are told to parrot, and never think for yourselves.

 

[Nia88]

If one group of people have lower taxes, then that means someone else has to pick up the tab. Which means working class and middle class folks are going to be picking up these rich cooperations tab.

 

[g5000]

I've never heard of a case where the government increased the taxpayer's tax rate, because some corporation got a tax break.

Please point that out to me if you can.

I've already provided you with such evidence. But I have more. So much more.

Here: https://abetterway.speaker.gov/_assets/pdf/ABetterWay-Tax-PolicyPaper.pdf

Problem #2: The Current Code Delivers Special Interest Subsidies and Crony Capitalism. The tax code is littered with hundreds of preferences and subsidies that pick winners and losers and create complexity. Instead of free-market competition that rewards success, our tax code directs resources to politically favored interests, creating a drag on economic growth and job creation. In fact, Washington encourages individuals and businesses to make investment decisions based not on the most promising new technologies and innovations, but instead on the promise of tax savings. Many of these tax preferences, sometimes referred to as “tax expenditures,” are special-interest giveaways that are masked as tax breaks instead of direct grants. For fiscal year 2016, such “spending” through the tax code amounts to more than $1.4 trillion, or almost three-fourths of the amount of revenue raised by the entire Federal income tax. When Washington picks winners and losers with the tax code, the American people ultimately pay higher tax rates and keep less of their hard-earned money.


Boom!

I'll be right here, torching your topic to the ground while I wait for you to realize you've been way off the conservative/Libertarian reservation all this time.



.

 

[g5000]

If one group of people have lower taxes, then that means someone else has to pick up the tab. Which means working class and middle class folks are going to be picking up these rich cooperations tab.

Many tax breaks are regressive. I've written at length about the giant ripoff that is the Mortgage Interest Deduction (MID).

The MID results in higher tax rates. But it does even more damage than that. It actually causes home prices to increase.

Who benefits from higher housing prices?

Banks who lend mortgage money. Builders. Mortgage brokers. Real estate agents.

The real estate lobby spends over $100 million a year on campaign contributions and lobbying.


The poor dumb saps have been hoodwinked into bleeving the mortgage interest deduction means "I get to keep more of my own money!" Nothing could be further from the truth.

In fact, the rubes are paying higher tax rates and more for their house than they should be. The MID is a massive transfer of wealth from their pockets into the pockets of bankers, builders, brokers, and real estate agents.

 

[g5000]

How the fuck does someone who calls himself John Galt not know this basic stuff about tax expenditures?

Seriously.

I've seen dipshits who thought they were libertarians say some of the most stupid non-libertarian things, but this one takes the cake.

This fucker is so far off the libertarian reservation he thinks guys like me are liberals! BWA-HA-HA-HA-HA!

 

[g5000]

One widely cited 1996 study by Dennis Capozza, Richard Green, and Patric Hendershott estimated that eliminating the mortgage interest and property tax deductions would reduce housing prices in the short term by an average of 13 percent nationwide, with regional changes ranging from 8 to 27 percent.

How Would Reforming the Mortgage Interest Deduction Affect the Housing Market?

Ask yourself who benefits from you paying more than you should for your house.

Still bleev that deduction is "keeping my own money"?

You've been had, rubes.

 

[g5000]

Why Now's the Time to Kill the Mortgage Interest Deduction

Proponents of the deduction argue that it's a key component to keeping home prices up.

Do you hear that? An open admission the deduction drives up the cost of housing!

What special kind of dipshit who thinks he is a libertarian argues FOR government intervention in the markets with tax deductions, exemptions, and credits?

As much as homebuilders argue that eliminating the deduction would hurt them, economists agree that the biggest impact would be on the highest-priced homes, with more reasonably priced real estate seeing little or no impact from getting rid of the deduction.

Homebuilders whining about losing their government tit.

 

[NYcarbineer]

How many times have you heard "Corporate tax breaks are being subsidized by the tax-paying public" or "The tax payers are having to foot the bill for a private company"?

Those are ignorant statements. A tax break given to a corporation isn't existing money the government has already collected from taxpayers, it's some of the money those corporations have earned on their own. Money which they don't have to pay to the government. They earned it, and they own it.

That would be equivalent to saying that the general public has some right to a corporation's earnings which anyone can tell you, is socialism.

Every dollar a corporation doesn't pay in taxes has to be paid by someone else,

all else being equal.

/----/ Not true. Letting people keep more of their hard earned money costs nothing.

We have 20 trillion in debt proving that is wrong.

Half of that being Obama's doing. If you remember the national debt was only something like $9 Trillion when GW left office.

And where did that $10 Trillion dollars Obama ran up go to?

To pay for Shrub's two wars of choice (off the books), unfunded Medicare drug benefit, and bankster bailout?

Practically all of our debt can be traced to the fact that we stopped paying for wars after Vietnam.

 

[Toddsterpatriot]

Every dollar a corporation doesn't pay in taxes has to be paid by someone else,

all else being equal.

/----/ Not true. Letting people keep more of their hard earned money costs nothing.

We have 20 trillion in debt proving that is wrong.

Half of that being Obama's doing. If you remember the national debt was only something like $9 Trillion when GW left office.

And where did that $10 Trillion dollars Obama ran up go to?

To pay for Shrub's two wars of choice (off the books), unfunded Medicare drug benefit, and bankster bailout?

Practically all of our debt can be traced to the fact that we stopped paying for wars after Vietnam.

Nope. Transfer payments.

Total government transfer payments to individuals in the last 10 years, since right before the last financial crisis - $23.85 trillion. Yes you read that correctly.

Total contributions for social insurance actually collected in the same period - $10.42 trillion.

Net transfers to individuals not funded by them in that 10 year period, no interest counted, no adjustments, raw dollars - $13.43 trillion.

Total debt in the hands of the public today, net of the part owned by the Federal Reserve - $14.735 trillion minus $2.465 trillion equals $12.27 trillion.

The entire debt out that isn't in one of the US Treasury's own various pockets is owed purely and simply because the Treasury gave it to sainted mainstreet just within the last 10 years, over and above what it collected supposedly for the purpose. With enough to spare to raise the Treasury's working cash balance at the Fed a comfortable 50% or so.

The Treasury made about $600 billion profit providing various forms of assistance and bailout to the financial sector over that stretch, and the howls that raised shook the clouds - anthemas, heresy, treason, a rich man somewhere became better off at a net profit to the Treasury - outrageous, such an interference with the sainted free market. In the same period the Treasury bled out $13.43 trillion to little America, the entire debt outstanding and to spare, and that's just the sacred purpose of all government and the only concern it elicits is how to keep it up forever.

https://seekingalpha.com/news/3277522-silver-tumbles-one-year-low#comment-75603653