Should the Rich Pay Higher Taxes?

Should the Bush era tax cuts be allowed to expire?

Category:

News & Politics

Tags:

• taxes
• cut taxes
• tax audit
• irs
• income tax
• tax laws
• tax rates

[bluestarkad17]

yes!

[KurzLuppii]

@kaysandesses

Lol I read it I just don't completely agree with it nor do I agree with the conclusion you came up with. Much of those Corps using those loop holes (Hint the Loop holes were put there for a reason aka Politicians with Money under the table)

So you can surmise not all those corps can benefit from those tax free savings.

Hence the Corps who weren't getting those nice Tax incentives left the country.

So you can effectively blame the government.

[kaysandesses]

@KurzLuppii It's nearly 1/2 of the top 500 corporations in the U.S. If you had any intellectual integrity you would have looked at the information I directed you towards.

Piss off you fucking coward.

[KurzLuppii]

@kaysandesses

Apparently it isn't to many corps hence why I brought it up in the first place.

When Corps move their manufacture or their company over seas its not mainly for expensive workers, its because Taxes or regulation.

Its good for them they can get such low tax rates through the loop holes in the tax code and its good for the employee's and the local economies that are effected by them.

Though I would like to see a flat Corporate tax regardless of the industry and no subsidies.

[kaysandesses]

@KurzLuppii It's always "worth it", that's what accountants do. Didn't read the links did you? Otherwise you would know that a large number of corporations pay <20%. Regardless, 27% is still less than 8 or so of the other major industrialized nations in the world.  Id est, you're still wrong.

[KurzLuppii]

@kaysandesses

Playing the game of tax credits and refunds to get a lower rate might not be worth it to most companies. Still 27% is still pretty damn high.

[kaysandesses]

@KurzLuppii You can also refer to the GAO report and to the Center on Budget and Policy Priorities for additional information on the difference between the nominal tax rate and the effective tax rate.

As I've stated previously, all you're doing is parroting right-wing talking points instead of doing 5 minutes of research and fact-checking their claims. Then when I pointed out that you're wrong, you still stood by the right-wing misinformation instead of checking it for yourself. 

[kaysandesses]

@KurzLuppii Are you too lazy to research nominal vs effective corporate income tax rates or are you simply unwilling or unable to read the information that proves you're wrong?

I don't have a single link for that information because I gathered that information from several sources. Google "U.S. effective corporate tax rate", and start with the first link. 

[KurzLuppii]

@kaysandesses

Think the economic system as a pool, there is set money in it

However Government interference, inflation constantly puts money into the pool.

The value of the currency isn't reflected at first, but there is all this frantic wish washing in the pool like a geyser of activity. However its not really a force pushing it up its just a bad investment and miss allocation of money.

Government tries to manipulate this pool of money to better one part of society while the others suffer.

[KurzLuppii]

@TheAgentChaos

The problem with the current situation is the massive bubbles government created and are still creating.