corporate profits all time high, wages all time low

[SHOOTALL]

Actually, I advocated fair competition, once again being forced to teach capitalism to capitalists. 

Well that might be true , to China , to Japan , to Russia , to states in South America , Korea , and the rest of the world that pratice unfair trade    You , govt. , unions and workers need to realize we compete in a world market .

[scootrd]

     Just wondering does anyone know if UNIONS pay any federal income taxes??  They recieve alot of cash from some people.  Jim

they are tax exempt like a church.

every one should pay their fair share.....EVERY ONE  AND EVERY ENTITY

Couldn't agree more, right on down the line...E V E R Y O N E needs to pay fair share

Even as a Corporation it's a bit hard to compete on a non - level playing field when your trying to be a good steward and play by the tax rules when others are content not too. examples  -

DuPont and Monsanto both produce chemicals. But over the 2008-10 period, Monsanto paid 22 percent of its profits in U.S. corporate income taxes, while DuPont actually paid a negative tax rate of –3.4 percent.
FedEx paid 0.9 percent over three years, while its competitor United Parcel Service paid 24.1 percent.
Hewlett-Packard paid 3.7 of its three-year U.S. profits in federal income taxes, while Texas Instruments paid 33.5 percent.

Who are the biggest losers without true tax reform??.  The public taxpayer , the workers , and the disadvantaged companies working in same industries. What we need is true tax reform and a return to a level playing field for the middle class worker and true small business owners alike .

A few post up I noted a letter my buddy sent regarding IBM , I was curious so I did some digging. Just as one corporate example..
IBM Made in 2010 Profit (after all books balanced etc) 8.8 Billion . They received an additional 8 million in subsidies from US taxpayer ( for what I do not know). Their effective corporate tax rate was not the 35% Washington keeps citing it was ...Hold your breath ......Here it comes .......Effective corporate tax rate for 2010  a whopping  2.1%

[SHOOTALL]

I think if you stop and think if the members of a church or union for that matter have paid taxes what is gained by them paying more taxes ? No morte profit has been made and the money has already been taxed . I hope that dosen't cloud the issue with to many facts.

[DDZ]

From reading some of the posts here it is easy to see that a few just don't get it. Regardless of what Corps. pay in taxes who would benefit people and the economy better Corps. keeping their taxable money, or government getting their dirty corrupt hands on it? I think the answer is pretty simple if you know anything about economics.

Corporations, businesses, and nonprofit enterprises are by law required to produce financial statements that include all of their current and expected future liabilities. In contrast the government gets away without having to provide honest financial statements. The US treasury's balance sheet does not include the massive unfunded liabilities of Social Security, Medicare, and other federal future obligations...and we have people whine about what corporations are doing.
A fairly conservative estimate of governments unfunded liabilities of the year ending 2011 is 87 trillion. When the expenses of the governments entitlement programs are added up, it becomes clear that to avoid going deeper into debt, would require over 8 trillion in tax collection a year. If congress confiscated the entire earnings of all tax payers earning more than $66,000 and all corporate profits. It wouldn't be enough to cover the 8 trillion per year growth of US liabilities....and we have people whine about corporations not paying their fair share. The message coming from Washington, especially from the Marxist politicians, and the Marxist news media, is that we solve our budget problems by raising taxes on the rich. If many Americans were not so ignorant, such a message would be insulting to our intelligence, but if one is ignorant the rich and corps. don't pay their fair share.
In 2011 Congress spent 3.7 trillion, about 10 billion per day. If Congress imposed a 100 percent tax on all earnings above 250,000K per year, it would bring in about 1.9 trillion. that would run Washington for about 190 days.
The profits of the fortune 500 companies come to 400 billion. That would keep government running for another 40 days.
America has 400 billionaires with a combined net worth of 1.3 trillion. If Congress stole their assets, stocks, bonds, yachts, airplanes, mansions, and jewelry, it would get government to at least late fall. The fact is there are not enough rich people to come anywhere close to satisfying governments runaway spending, and appetite. the real tragedy for this nations future is that there are millions of uninformed people who will buy the political lies and treachery that our problems can be solved by taxing the rich and corporations.  Its not very hard to see. All you have to do is open your eyes.
One thing I have noticed is the people with socialist mindsets are always clamoring for rich people and corporations to pay more taxes, but never mention the fact that government needs to make massive spending cuts. Its always we need more of everything, and corporations and the rich need to pay their fair share. Its actually pretty senseless.               

[ChungDoQuan]

Actually, I advocated fair competition, once again being forced to teach capitalism to capitalists. 

Well that might be true , to China , to Japan , to Russia , to states in South America , Korea , and the rest of the world that pratice unfair trade    You , govt. , unions and workers need to realize we compete in a world market .

Republican laws allow them to do that.

Oh, and while I agree that there has to be someone in the top 2%, they'd still be there, compared to the average American, if their income was "only" a million a year. 

[nw_hunter]

     Just wondering does anyone know if UNIONS pay any federal income taxes??  They recieve alot of cash from some people.  Jim

they are tax exempt like a church.

every one should pay their fair share.....EVERY ONE  AND EVERY ENTITY

This fair enough?
http://blog.heritage.org/2012/08/13/government-will-take-almost-half-your-paycheck-in-2013/

[scootrd]

This fair enough?
http://blog.heritage.org/2012/08/13/government-will-take-almost-half-your-paycheck-in-2013/

This fair enough?  http://www.ctj.org/corporatetaxdodgers/CorporateTaxDodgersReport.pdf

[Dixie Dude]

That is why a flat tax with little or no tax breaks would simplify everything, BUT the left don't want that.  We should have a flat 10% tax on everyone and every corporation, no exemptions.  Only individuals could get a few for mortgage deduction and children under 18.  That would help the poor and middle class.  Then anyone, anywhere could move up the ladder of success without worry of taxes or figuring out deductions and ways to get off.  Less tax evasion, less fraud, less white collar crime.  Even Russia has a flat tax now.  OR have a value added tax VAT, on goods and services, that way you keep your money and only pay tax when you buy something or have some work done.  Food could be exempt except restaurants or cooked ready to eat food. 
 
Lots of ways to fix things, but I heard a black democratic congressman say a VAT tax or a flat tax is unfair for the poor.  Pure bunk and lies.  With child deduction or no tax on unprepared food, it wouldn't hurt the poor.  Right now they pay sales tax and highway tax everytime they drive or buy stuff.  Some states have no food tax, some do. 
 
Right now, the 53% can't keep supporting the 47%, it will bankrupt the country in a few more years.   

[scootrd]

That is why a flat tax with little or no tax breaks would simplify everything, BUT the left don't want that. 

Dixie let's at least be fair.. Nobody in power wants True Tax reform. Special interest, corp lobbyist, bought off politicians on both sides of the isle.  If they did , it would be done !!

I truly believe there is not one single good honest man in Washington anymore who refuses to be bought under any circumstances.
If there were , True Tax reform would have taken place long ago. It's not a left or right issue. It's a corrupt system issue.And it's not in anyones best interest up on the hill to provide true leadership over their own personal gains.

They have forgot they are suppose to serve the people.

of course if it makes you feel better to blame just the liberals, Karl Rove has a superpac you can support so he can buy more politicians. and yes the left has superpacs as well.

[BUGEYE]

That is why a flat tax with little or no tax breaks would simplify everything, BUT the left don't want that.  We should have a flat 10% tax on everyone and every corporation, no exemptions.  Only individuals could get a few for mortgage deduction and children under 18.  That would help the poor and middle class.  Then anyone, anywhere could move up the ladder of success without worry of taxes or figuring out deductions and ways to get off.  Less tax evasion, less fraud, less white collar crime.  Even Russia has a flat tax now.  OR have a value added tax VAT, on goods and services, that way you keep your money and only pay tax when you buy something or have some work done.  Food could be exempt except restaurants or cooked ready to eat food. 
 
Lots of ways to fix things, but I heard a black democratic congressman say a VAT tax or a flat tax is unfair for the poor.  Pure bunk and lies.  With child deduction or no tax on unprepared food, it wouldn't hurt the poor.  Right now they pay sales tax and highway tax everytime they drive or buy stuff.  Some states have no food tax, some do. 
 
Right now, the 53% can't keep supporting the 47%, it will bankrupt the country in a few more years.

Another good post with common sense which liberals will disregard... it doesn't fit with their communist agenda.

[BUGEYE]

     Just wondering does anyone know if UNIONS pay any federal income taxes??  They recieve alot of cash from some people.  Jim

they are tax exempt like a church.

every one should pay their fair share.....EVERY ONE  AND EVERY ENTITY

This fair enough?
http://blog.heritage.org/2012/08/13/government-will-take-almost-half-your-paycheck-in-2013/

I burn about $9 worth of gas in my water heater each month but my bill is usually over $30
the rest is tax and user fees.  I'm sure there's many other things out there which will raise the taxes to well over 50%.
I'm dropping out of the republican party due to them caving in to obamas demands.

[Empty Quiver]

Understand this Dear Comrads.
 
The government prints the money and damned well knows best how it should be spent. You are out of your league thinking you know how best to spend your money.
 
THE END

[Cuts Crooked]

Actually, I advocated fair competition, once again being forced to teach capitalism to capitalists. 

Well, I'm glad to see an advocate of "fair competition".

Of course truely fair, would be to keep the governments damned nose out of the business of private enterprize............but somehow I doubt that you mean that.

I think your idea of "fair" is for the government to step in and stomp on anyone who gets ahead through hard work and smart business practices.

[ChungDoQuan]

Corporate CEO don't qualify for either of those categories, CC. Sleazy  deals and barely legal would be more like it--- else why would they have moved to China in the first place?

[scootrd]

Actually, I advocated fair competition, once again being forced to teach capitalism to capitalists. 

I think your idea of "fair" is for the government to step in and stomp on anyone who gets ahead through hard work and smart business practices.

So deceptive Tax avoidance is just "smart" business practice ?

This is Fair?
DuPont and Monsanto both produce chemicals. But over the 2008-10 period, Monsanto paid 22 percent of its profits in U.S. corporate income taxes, while DuPont actually paid a negative tax rate of –3.4 percent.

This is Fair?
FedEx paid 0.9 percent over three years, while its competitor United Parcel Service paid 24.1 percent.

This is  Fair?
Hewlett-Packard paid 3.7 of its three-year U.S. profits in federal income taxes, while Texas Instruments paid 33.5 percent.

This is fair?
Taxpayer subsidies to Mega Corps like BP and IBM is fair?

Allowing corporations to write their own tax policies and  allowing lobbyist monies to buy politicians to squash common sense regulations and oversight is Fair?

Citizens United is fair?

Major corporations paying less in taxes than the common middle class working poor Joe or true small business owners Fair?

Allowing corporations to Police themselves is Fair? might as well allow the fox watch the hen house.

I guess some have different interpretations of the word FAIR.

[45-70.gov]

HERE IS THE MIND SET


you find a $10  bill  and a very happy  with your find
then  you friend  finds a $20 bill


you resent   him for his find  and in your mind  your $10  is now  worth much less


you end up fighting with your friend and you both fail to see the  other $20 bill


i  hate envy....envy  is worse than  hate or greed

[scootrd]

HERE IS THE MIND SET


you find a $10  bill  and a very happy  with your find
then  you friend  finds a $20 bill


you resent   him for his find  and in your mind  your $10  is now  worth much less


you end up fighting with your friend and you both fail to see the  other $20 bill


i  hate envy....envy  is worse than  hate or greed

didn't even address the above questions.

fair  /fe(ə)r/

Adjective In accordance with the rules or standards; legitimate.[/t][/t] Adverb Without cheating or trying to achieve unjust advantage:  "he played fair".[/t][/t]

Perhaps if corps played FAIR I would have more sympathies. But they don't so I don't

[45-70.gov]

fair  ... is a word to open to individual interpitation


fair....you both find the same
fair....you both have opertunity to look
fair.....a 3rd party must take you  to look


unfair...you have poor eyesight
ubfair...your friend must buy you glasses


every thing that SOME ONE  determine to be unfair  CAN'T BE FIXED...least of all by government

[scootrd]

fair  ... is a word to open to individual interpitation


fair....you both find the same
fair....you both have opertunity to look
fair.....a 3rd party must take you  to look


unfair...you have poor eyesight
ubfair...your friend must buy you glasses


every thing that SOME ONE  determine to be unfair  CAN'T BE FIXED...least of all by government

Still haven't addressed questions above.

Is this Fair? http://www.ctj.org/corporatetaxdodgers/CorporateTaxDodgersReport.pdf

and oh BTW when Corps pay less taxes than they should through tax dodging strategies equates to a subsidy as well , cause John q. Public taxpayer has to make up the difference . Is that fair?

[45-70.gov]

the law  needs re-writing


you saying this is illegal?

[mcwoodduck]

For all you liberals.
Lets say we do what the president wants and tax the top 2% out of existence.  That we not only have income tax but then welth tax and steal all of their wealth.
Would we then go after the next 2% untill everyone is the same?  And what do we do with all the expensive toys and houses that are out there?  Do the Kennedy Compounds become a orphanage, or a low income housing project?
And if there are no longer "rich" people then whyt not just close all the luxury Item companies now.
Close private plane, yacht, sports cars, and jewlery stores now.   
 

[Cuts Crooked]

So deceptive Tax avoidance is just "smart" business practice ?

This is Fair?
DuPont and Monsanto both produce chemicals. But over the 2008-10 period, Monsanto paid 22 percent of its profits in U.S. corporate income taxes, while DuPont actually paid a negative tax rate of –3.4 percent.

This is Fair?
FedEx paid 0.9 percent over three years, while its competitor United Parcel Service paid 24.1 percent.

This is  Fair?
Hewlett-Packard paid 3.7 of its three-year U.S. profits in federal income taxes, while Texas Instruments paid 33.5 percent.

This is fair?
Taxpayer subsidies to Mega Corps like BP and IBM is fair?

Allowing corporations to write their own tax policies and  allowing lobbyist monies to buy politicians to squash common sense regulations and oversight is Fair?

Citizens United is fair?

Major corporations paying less in taxes than the common middle class working poor Joe or true small business owners Fair?

Allowing corporations to Police themselves is Fair? might as well allow the fox watch the hen house.

I guess some have different interpretations of the word FAIR.

ROFLMDO!!!!!!!!!!!!!!!!!!

Apparently you  think that being dumb enough to not be able to avoid paying TAXES is something to be be proud of.

Free market capitalism means....."all the market will bear". Either you are in the game to win, or you are a sucker. I notice that the "liberals", like Suzy Rice, are in it to win...that's why they do business with companies who work with Iran.....but they don't advertise that fact.

[DDZ]

For all you liberals.
Lets say we do what the president wants and tax the top 2% out of existence.  That we not only have income tax but then welth tax and steal all of their wealth.
Would we then go after the next 2% untill everyone is the same?  And what do we do with all the expensive toys and houses that are out there?  Do the Kennedy Compounds become a orphanage, or a low income housing project?
And if there are no longer "rich" people then whyt not just close all the luxury Item companies now.
Close private plane, yacht, sports cars, and jewlery stores now.

Thats just it MC. The liberals/progressives, what ever you want to call them, will always be whining about someone not paying their fair share. Once they get government to steal corporations profits, They will then be whining about the next guy down one rung on the ladder, who they think has to much money.
 It reminds me of children fighting over candy, "thats not fair he has more than me"  Socialism is everyone having the same, no matter how hard one works, or how many hours they work to get what they got. It doesn't matter to them. If you have it they expect government to take it from you so others can have some of what you had. We have accomplished turning America into Europe, who is engulfed with a fiscal crises. Like Europe we have turned government into an agency through which individuals try to live off of the fruits of other individuals efforts.
Just look at the negotiations in Washington on avoiding the fiscal cliff. There is no sane proposals to rein in the explosive indebtedness. The Marxists answer is to raise taxes. Have to wonder if the majority of them just fell off the turnip truck, or if their real agenda is to turn America into a banana republic.     

[BUGEYE]

The Marxists answer is to raise taxes. Have to wonder if the majority of them just fell off the turnip truck, or if their real agenda is to turn America into a banana republic.   

Democrats are by nature, thieves, their greed will indeed turn us something like a banana republic.

they keep screaming fairness, but what's fair about taking what I've worked for all my life??
yep they're thieves

[mcwoodduck]

The Marxists answer is to raise taxes. Have to wonder if the majority of them just fell off the turnip truck, or if their real agenda is to turn America into a banana republic.   

Democrats are by nature, thieves, their greed will indeed turn us something like a banana republic.

they keep screaming fairness, but what's fair about taking what I've worked for all my life??
yep they're thieves

The three things the liberals will never answer is.
1) how much is too much to pay in taxes?
2) Can we eliminate redundant government agencies?
3) Can we eliminate any of the bill of rights?

[mcwoodduck]

For all you liberals.
Lets say we do what the president wants and tax the top 2% out of existence.  That we not only have income tax but then welth tax and steal all of their wealth.
Would we then go after the next 2% untill everyone is the same?  And what do we do with all the expensive toys and houses that are out there?  Do the Kennedy Compounds become a orphanage, or a low income housing project?
And if there are no longer "rich" people then whyt not just close all the luxury Item companies now.
Close private plane, yacht, sports cars, and jewlery stores now.

Thats just it MC. The liberals/progressives, what ever you want to call them, will always be whining about someone not paying their fair share. Once they get government to steal corporations profits, They will then be whining about the next guy down one rung on the ladder, who they think has to much money.
 It reminds me of children fighting over candy, "thats not fair he has more than me"  Socialism is everyone having the same, no matter how hard one works, or how many hours they work to get what they got. It doesn't matter to them. If you have it they expect government to take it from you so others can have some of what you had. We have accomplished turning America into Europe, who is engulfed with a fiscal crises. Like Europe we have turned government into an agency through which individuals try to live off of the fruits of other individuals efforts.
Just look at the negotiations in Washington on avoiding the fiscal cliff. There is no sane proposals to rein in the explosive indebtedness. The Marxists answer is to raise taxes. Have to wonder if the majority of them just fell off the turnip truck, or if their real agenda is to turn America into a banana republic.   

I thinlk they understand what they are doing.  Unfortunatly they have the media that reports what they say rather than doing some research and telling the American people the truth.
A few years ago I figured out the political map
at the right you have Conservitives, further to the right you have libertarians, and further you have anarchists,
On the left you have Communists, Socialists, and Progressives. 
A progressive is one that moves the Communist line and forces the country further and further to the left. 

[mcwoodduck]

For all you liberals.
Lets say we do what the president wants and tax the top 2% out of existence.  That we not only have income tax but then welth tax and steal all of their wealth.
Would we then go after the next 2% untill everyone is the same?  And what do we do with all the expensive toys and houses that are out there?  Do the Kennedy Compounds become a orphanage, or a low income housing project?
And if there are no longer "rich" people then whyt not just close all the luxury Item companies now.
Close private plane, yacht, sports cars, and jewlery stores now.

.
Ummmm,,,sheezzz. Imagination running a little wild today..??    I didn't see where "the president wants to tax the 2% out of existence"....do you have any links or pieces of legislation on this assertion. I did read where he wanted the Bush tax cuts to end as they were originally scheduled to end.  Thanx
.
.
..TM7

I too have listened to the President and have taken a bunch of Economics classes.
What he says goes against every thing I learned in school as to his stated goals.
He also said that you can keep your current health care plan, but also said that he will see all private health care plans end with in ten years.  Why would I not believe that a communist would not want to end the "rich"?

[BUGEYE]

I too have listened to the President and have taken a bunch of Economics classes.
What he says goes against every thing I learned in school as to his stated goals.
He also said that you can keep your current health care plan, but also said that he will see all private health care plans end with in ten years.  Why would I not believe that a communist would not want to end the "rich"?

you're exactly right.  rich folks will either cash-out and leave the country, or stay and have their wealth stolen.  obama DID say that he wanted to spread the wealth.

http://abcnews.go.com/blogs/politics/2008/10/spread-the-weal/

democrats are so stupid that they believe this will somehow make the USA a better place.

[ChungDoQuan]

A 3% increase is not taxing them out of existence.  In fact, it's only going back to the Clinton rates which were about half what they paid up until the mid 60s.  And, they aren't going to move. Europe is in such bad shape DUE TO AUSTERITY MEASURES that they are all passing laws to tax the personal wealth of corporations and individuals who move there at higher rates than here. Obama should have asked for a 10% hike in the tax rate on the top earners--- then he could have let Boner and McCretin negotiate him down to 3%--- everybody would have thought the had won! 

[Cuts Crooked]

Europe is in such bad shape DUE TO AUSTERITY MEASURES that they are all passing laws to tax the personal wealth of corporations and individuals who move there at higher rates than here.

LOL!!! And in another thread one of you libbies argues that Europe is in great shape!LOL!!!!!!