corporate profits all time high, wages all time low

[Defoe]

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! 

I'll ask one of mcwoodducks questions.  how much tax is too much?

[mcwoodduck]

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! 

Well Yes and no.
Yes it will go back to the same rates. But no since the passing of the tax decrease some states have increased their taxes and so for those citizens it would be a huge tax increase.  Thew $1,200 a year I was to see turned into 850 after California increased it taxes.  So I would now have to pay not only the new CA taxes but the aditional 1,200 as well.
OH and with all the taxes, fees, and sales taxes I pay about 63% of my total income to the state and federal government and you want to take another 3%? along with the additional 2% taxes that are scheduled to increase after the first of the year here?
Also do you not understand what has made this country and our economy great is DISPOSABLE INCOME. It is what is left over after you meet your needs (housing, Fuel, food and Clothes)  It is what drives our economy.  What do you want, from an Ice Cream cone to a sports car or other.  People seeing a market for a demand or want is what has built our middle class.  In Shop owners, Small companies, small companies growing into large companies, Corperations and the whole growth of our money with investing and creation of money (NOT OUR Moron President printing more but the real creation of wealth) 
The Disposable income is what has made the suburbs, what has created our transit system, what has created our trouist industry. 
The demand for items is what creates new technology, creates cleaner and greener items, and the drive for profits by using the new technology creates new jobs and drives wages higher. 
Do I need to explain how new entries into a market will drive wages higher.
Now if we increase taxes, we increase prices and decrease profits, employment, and wages. 
All decrease your disposable income and increase unemployment as the whole economy spirals down driving wages lower and lower. 
Now if we have 120,000 as an average that each of the top 2% will pay in additional taxes that will not help our spending problem and for every dollar that is left in the economy it generats 3 in sales and creates more total tax dollars.
Now this is the same tax cut that the Democrats like Nancy Pelosi said it was only going to buy the average family a muffler for their car and said the average citizen would never notice such a small tax cut.
 

[jhm]

     I knew the UNIONS were tax exempt, however every dollar they take in is profit and should be taxed at the highest rate of any business, the Unions are just another competetor to any business they are leaching on, their only expenses are their STRIKE poster they pass out for striking members,  Just my way of thinking because I believe the modern day union has caused more problems than they have solved.  Jim

[ChungDoQuan]

Once again we run into the problem of the conservatives not being able to do math. If the top 2% were actually PAYING their taxes at the 39% rate from the pre-Bush era, it would increase the revenue by about a trillion a year. Doing nothing else, within 20 years the entire deficit would be paid off. End of story. And, it is the initiation of austerity by Euro conservatives that's CAUSING the economic problems in Europe. Y'all aren't paying attention, as well as being unable to add and subtract! Conservative policies caused the economy to collapse after just 40 years. Again! The deregulation of banks and corporations caused the great depression, too. What, we're supposed to let them go for three?

[Cuts Crooked]

Once again we run into the problem of the conservatives not being able to do math. If the top 2% were actually PAYING their taxes at the 39% rate from the pre-Bush era, it would increase the revenue by about a trillion a year.

And THAT is unmitigated BS!!!!!!!!!!!!!! How many trillionaires are there in the U.S.? Hint: The number begins and ends with zero...and there are no digits in between.

There aren't even enough BILLIONAIRES to make up that number even at 39%.

I've pointed it out more than once, and no one can dispute it, If took you all the money the "rich" currently have, it would not make a scratch on the surface of our national debt.

[mcwoodduck]

Once again we run into the problem of the conservatives not being able to do math. If the top 2% were actually PAYING their taxes at the 39% rate from the pre-Bush era, it would increase the revenue by about a trillion a year. Doing nothing else, within 20 years the entire deficit would be paid off. End of story. And, it is the initiation of austerity by Euro conservatives that's CAUSING the economic problems in Europe. Y'all aren't paying attention, as well as being unable to add and subtract! Conservative policies caused the economy to collapse after just 40 years. Again! The deregulation of banks and corporations caused the great depression, too. What, we're supposed to let them go for three?

But as I said earlier. Taxes are not done in a vaccume.  What is taken by the government can not be spent, saved, or invested.  This use of $ is what boosts our economy.
In the 80's we learned that John laffer and his curve were correct.  And that the less Government takes in percentage the more it actually takes in as more money is generated.  So yes you can take $1 trillion dollars out of the economy and put it in the hands of the government, that will do nothing for the spending problem we have
Think of it this way.  We have a teenager in charge of the family budgets.  We bring in more than enough money to meet our needs but they are spending more and more on luxury items and using credit cards to pay for the spending.  Robbing the company we work for does not help us and may just get the brewad winner fired( the millionaires leave, invest in other markets, or just close.  That trillion will be passwed around in our economy at least three times.  If the Rich save it, it can be used by the banlks to make loans (business expansion and personal loans) the more that is saved the lower the interest rates.  If it is spent then that creates jobs (construction, employment, sales, service, manufacturing) If it is invested it leads to corperate expansion that creates jobs as new manufacturing facilities, new stores, new products are all made.  If it is handed to the government is it used to feed that massive machine that only makes more poor people to justify their existance.
And NO what has caused the finanical collapse was the law making banks lend money to people that can not  pay it back on houses with no money down.  This caused the housing bubble and the collapse of the bubble.  Thank Barney Frank (who does not pay his income taxes) for the housing problems and the need for the bail outs.  Had we not had these regulations, banks would have made loans based on credit and the ability to pay things back.  Interest rates would be higher and the elderly that rely on investment income would be doing better.
Now let me ask you one simple question.  Taking the 3% from the top 2%, how is that going to make your life easier, make your life better?
Remember Robin Hood did not steal from the Rich and give to the poor, he stole from corrupt Government that over taxed the people to finance their extravagant life style. 

[ChungDoQuan]

"Corporations are people, too." While you may be right about individual billionaires, you're ignoring a few thousand corporations whose profits are in the hundreds of billions. And if those individuals are in the same league with BP, Monsanto, and Apple, I have a hard time feeling their pain. Again, we have the problem of conservatives only looking at the numbers they want to see.

[SHOOTALL]

"Corporations are people, too." While you may be right about individual billionaires, you're ignoring a few thousand corporations whose profits are in the hundreds of billions. And if those individuals are in the same league with BP, Monsanto, and Apple, I have a hard time feeling their pain. Again, we have the problem of conservatives only looking at the numbers they want to see.

No corps are not people in any strech of the imagination. Corps don't go to jail . Managers go if they break the law but the corp goes on in many cases. Indivisduals can go to jail. Also corps insulate the share holders from debt where the ind. is not insulated. Your ideas are really off base as they apply to real world business.
 If you had the insight you think you do it would be clear that when debt becomes the focous of any relationship be it husban and wife or citizens  and govt. finger pointing and false accusations will fly and people need to remember how things work and not let truth be pushed aside by BS .

[scootrd]

"Corporations are people, too." While you may be right about individual billionaires, you're ignoring a few thousand corporations whose profits are in the hundreds of billions. And if those individuals are in the same league with BP, Monsanto, and Apple, I have a hard time feeling their pain. Again, we have the problem of conservatives only looking at the numbers they want to see.

No corps are not people in any strech of the imagination.

WELL SOMEONE BETTER INFORM THE SUPREME COURT (AND THE ROMNEY-ITES) THEY GOT THE RULING WRONG THEN.

[mcwoodduck]

mcwoodduck: 

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"?

.
Well I don't know if BHo is a communist or not.. I also think you mix up and confuse your notions of 'economy' with what a 'Nation' actually is. But here in the real world, the last 40 years or so, the USA economic system is actually moving in the opposite direction from any commie or socialist agenda.
...Taxes on wealthy and corps lowest ever, or zeroed. We have A minimum tax.  Even if you have tax free securities you still have to pay a tax.
...capital gains taxed lowest ever But  massive regulations stop people from investing and creating new jobs here
...income disparity highest ever, middle class net worth plummeting_ _wealthy net worth on a rocket ship Because of the high tax rates, the high tax rates lower wages.
...labor organizations busted and villianized, real wages plummeting Unions are stornger today as a voting block than ever and increase costs.  The Union was given massive amounts of GM stock.  Conflict of interest?  Representing both labor and being an owner.
...bank and finance deregulation paramount. No barney frank and his regulations caused the problems
...too big to fail corps bailed out When the government regulations cause the problems, you kind of need to save them or get rid of all the regulations that caused the problems
...indigenous labor displaced by inshoring immigrant labor, Offshoring production normalized Again regulations drive them off shore.  It is cheaper to build a factory in China and use slave labor than deal with the enviromental Nazis
...tax loopholes and offshoring income sources normalized.  Years ago Deductions were made to promote social change and direct people to do what Congress wanted.  Now deductions are called loopholes.  Off shore accounts legitimate or not have become outlawed.  Not sure what you are talking about. And if you feel your money is safer in another country shouldn't you be allowed to keep it there? 
...white collar crime and swindles rarely prosecuted and just ignored. Business ethics at all time low.  Regulations make people feel safe as if they can not loose and make them easy marks for criminals.   Our education system does not teach them about our banking and investing system and it leaves them open to being swindled.  Add to that the croney capitalism and governemnt loans that make the Democrat doners rich and hurt any one investing in the project
 ...millions of people homeless, or loosing homes. High taxes, Barney Frank, And enviromental nazis that will not allow new apartment buildings unless XY&Z are done.
...political system bought and paid for by Corps thru Citizens United, and bundling from McCain-Fiengold Seems like it is more paid for by the big money people that want to keep others from becoming rich. 
...spying on citizens and constant foreign interventions ongoing The democrats unamously renewed the Patriot act that they stormed against under Bush but some how it no longer violates civil rights
.
I could go on and on...but this is simply not what  moving in the direction of a socialized or commie workers society looks like. Its the opposite_ _ITS WHAT A TYRANNY CORPORATOCRACY LOOKS LIKE.....and its not working very well. And this was warned by The Founders.
.
..TM7

 

[mcwoodduck]

Remember Robin Hood did not steal from the rich.
He stole from the Corupt government that was over taxing it's people to pay for their extravagant life styles.
When will we have a Robin Hood to steal back our money from Government, to truley help the poor.  To live with in our means and free the people to do with their property and wealth what they need  and want to. 

[45-70.gov]

Remember Robin Hood did not steal from the rich.
He stole from the Corupt government that was over taxing it's people to pay for their extravagant life styles.
When will we have a Robin Hood to steal back our money from Government, to truley help the poor.  To live with in our means and free the people to do with their property and wealth what they need  and want to.

ROBIN  HOOD was still a theif
i want no part of stealing

[SHOOTALL]

Remember Robin Hood did not steal from the rich.
He stole from the Corupt government that was over taxing it's people to pay for their extravagant life styles.
When will we have a Robin Hood to steal back our money from Government, to truley help the poor.  To live with in our means and free the people to do with their property and wealth what they need  and want to.

ROBIN  HOOD was still a theif
i want no part of stealing

That is a good idea . but to do so you would only do a job that is a service and get paid for it.

[rio grande]

mcwoodduck: 

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"?

.
Well I don't know if BHo is a communist or not.. I also think you mix up and confuse your notions of 'economy' with what a 'Nation' actually is. But here in the real world, the last 40 years or so, the USA economic system is actually moving in the opposite direction from any commie or socialist agenda.
...Taxes on wealthy and corps lowest ever, or zeroed.
...capital gains taxed lowest ever
...income disparity highest ever, middle class net worth plummeting_ _wealthy net worth on a rocket ship
...labor organizations busted and villianized, real wages plummeting
...bank and finance deregulation paramount.
...too big to fail corps bailed out
...indigenous labor displaced by inshoring immigrant labor, Offshoring production normalized
...tax loopholes and offshoring income sources normalized.
...white collar crime and swindles rarely prosecuted and just ignored. Business ethics at all time low.
...millions of people homeless, or loosing homes.
...political system bought and paid for by Corps thru Citizens United, and bundling from McCain-Fiengold
...spying on citizens and constant foreign interventions ongoing
.
I could go on and on...but this is simply not what  moving in the direction of a socialized or commie workers society looks like. Its the opposite_ _ITS WHAT A TYRANNY CORPORATOCRACY LOOKS LIKE.....and its not working very well. And this was warned by The Founders.
.
..TM7

Sounds like good old fascism to me. A  warlike state where the rich and corporations are in cahoots with the government, justified by a highly nationalistic (exceptionalist) worldview for mass consumption, while the rich are shamelessly multinational to the workers very real detriment.

And how some here love their masters! Apparently the rich are fully entitled to take as much as they can... they are 'better' than us 99%,  deserve to pay little or no taxes, because after all, without them there would be no crumbs 'trickling down' from their tables. 
It's the workers who create the wealth from God's gifts....the bosses and owners would starve without the workers.

[Cuts Crooked]

It's the workers who create the wealth from God's gifts....the bosses and owners would starve without the workers.

....and without the "bosses and owners" the workers would have........?

[45-70.gov]

It's the workers who create the wealth from God's gifts....the bosses and owners would starve without the workers.

....and without the "bosses and owners" the workers would have........?

Mr. Crooked.....what most here don't seem to realize  that if the workers could run a company they would.   


but they can't.....
..so all they have left  is mob rule..
.insight dis-satisfaction will outlandish spin  on  things as they see them
they lay claim to a job  they don't actually own
they are too stupid to just leave

[mcwoodduck]

Remember Robin Hood did not steal from the rich.
He stole from the Corupt government that was over taxing it's people to pay for their extravagant life styles.
When will we have a Robin Hood to steal back our money from Government, to truley help the poor.  To live with in our means and free the people to do with their property and wealth what they need  and want to.

ROBIN  HOOD was still a theif
i want no part of stealing

OK I ment simbolicly stealing, Stealing the power and the desimination of the lies from them and getting the people back to work by deregulation, By lowering taxes across the board to a flat 5% for both State and Federal and eliminate all other taxes.
Create a law that if the government over spends we simply cut government and ellected officals pay by the amoutn of taxes called for in an increase.   Clearly if you are a Congress man and you understand we have given you X amoutn of money by the taxes and you and the rest spend X time 2 you have done a poor job and in the private sector you would be fired or demoted. 

[ChungDoQuan]

http://www.youtube.com/watch?v=S6ZsXrzF8Cc&feature=player_embedded

[Cuts Crooked]

http://www.youtube.com/watch?v=S6ZsXrzF8Cc&feature=player_embedded

Extraordinarily stupid socialist propoganda cartoon.......apparently went with a cartoon because real people wouldn't do that sort of trashy garbage.....and socialistdemolibs can't act!

[mcwoodduck]

http://www.youtube.com/watch?v=S6ZsXrzF8Cc&feature=player_embedded

1, anything narated by Ed Asner is suspect as bold face lies.
2, what is not pointed out is the Political leaders stole the money that was supose to pay for parks, for schools, for the roads and used it to get re ellected in massive giveaways that only resulted in larger government and more poor people.
3, it also does not go over the huge amounts of crony capitalism that happened with the Democrats closing GM dealerships of Republican doners, it does not talk about taking the tax money giving it to other doners to start companies that can not sell enough products to stay in business. 
4, and did Ed mean the tax evasion like John Kerry with his boat, the guy that says he pays less in percentage than his secratary but owes over 600,000 in back taxes or Barney Frank that did not claim income or off shore accounts?  Everything he claims the rich did is what the Democrats do on a regular basis.
Don't yell at us for not providing good schools blame the rich for not paying enough, the roads stink because the rich did not pay enough, not because we took the road money and spent it on massive giveaways.  Do not blame the parks or the failed levies we needed new cars for the elected officials and pay raises, and Pensions, yea pensions for elected officials that are 3X a year what they make as an elected official, oh and a pension for each office held and combined and more per diam and more staff members..... and more and more for government rather than for the people who ellected those officials.
Why don't we get our ellected preditory pollititions under control before we start pointing fingers at people who are paying 55% of all taxes.
5, the taxes that fund schools arr done at the state or local level.  So how can taxing the rich more at the federal level, help the failing schools?  Public parks too are funded at the local, or state level, unless we are taliking about the national parks and how many people go to them on a regular basis?  And so far the National parks I have gone to all cost to go there.  Alcatraz Island is not cheap. And again how is Donald Trump paying 120,000 more a year going to lower that cost?  how is Donald Trump paying more going to make my life or yours easier? 

[scootrd]

Hmm....
How much tax revenue do corps contribute vs individuals through payroll and Individual income taxes??

[BUGEYE]

Class warfare is so childish.   they worked and earned it, I didn't, shame on them.

[scootrd]

Corporations Earned what  ?
The right to not pay their fair share in taxes?
The right to use deceptive tax dodging schemes to avoid?
The right for most not pay the effective corp tax rate and screw their competitor companies that play by the rules and do?
The right to actually receive additional subsidies of tax payer dollars?
the right to place more and more of our countries tax burden on the backs of the rest of us to make up the ever widening gap?

Don't pee on my shoes and tell me its raining.

[Cuts Crooked]

Corporations Earned what  ?
The right to not pay their fair share in taxes?
The right to use deceptive tax dodging schemes to avoid?
The right for most not pay the effective corp tax rate and screw their competitor companies that play by the rules and do?
The right to actually receive additional subsidies of tax payer dollars?
the right to place more and more of our countries tax burden on the backs of the rest of us to make up the ever widening gap?

Don't pee on my shoes and tell me its raining.

Actually, Yes! And you can do the same thing if you choose too. That's the beauty of Capitalism. Everyone has a chance to climb the ladder.........some just don't have what it takes. FREEDOM means free to fail too!

[ChungDoQuan]

Complete mythology! Why has no one here done it?

[maddogg]

And now Michigan courts approve right to work law.
Won't be long our auto workers and suppliers  will be making $8 an hour like the rest of us, but look on the bright side no union dues.

[Gary G]

Corporations should not pay corporate taxes. Who owns the corporations? Well I for one. They use my money for capital expansion and it is fair that I should be paid for letting them use my money. But first the government taxes the corporations profits, then what is left is distributed to share holders in the form of dividends, then it is taxed again. So the government gets about 73% of what my money has earned and I get the rest.


I know what to do, I will put more into foreign stocks.
And that, my friend, is one little reason having to do with household incomes shrinking to 1967 levels.

[mcwoodduck]

Hmm....
How much tax revenue do corps contribute vs individuals through payroll and Individual income taxes??

So 82.% comes from corperations and companies.
Your Pay roll taxes(Social Security& medicare) come from employers For every $ you contribute the employer pays $2.The Income taxes come from investments (owning companies, renting property, or other asset that pays an annual income) as well as your anual pay, and corperate profits are what is left over after Paying employees, paying the taxes, paying for rent, loans and paying wages and salaries along with benefits for those employees. 
Now also the taxes that companies pay are built into the Prices you pay.
If the companies do not make a profit then they pay NO taxes.

[mcwoodduck]

Corporations Earned what  ? People invested in a company Either as a single owner that has taken their ideas and grown them or had investors that saw an oppertunity to make money -Do you understand Investing, oppertunity costs and maximizing profits with supply and demand?
The right to not pay their fair share in taxes? What do you consider a FAIR share?  How much are you willing to pay as a percent of what you make?  Also do you understand that the higher the taxes on a company the higher the price of the good or service. 
The right to use deceptive tax dodging schemes to avoid? Avoiding taxes is illegal.  The tax dodging you talk about is what congress called deductions to make companies and people do what they want even if it is against standard business practices
The right for most not pay the effective corp tax rate and screw their competitor companies that play by the rules and do? What ?  Are you talking about tariffs that raise prices and protexct no one?
The right to actually receive additional subsidies of tax payer dollars? Oh like Obama and his giving his donners large guarenteed loans for non existant green jobs?
the right to place more and more of our countries tax burden on the backs of the rest of us to make up the ever widening gap? The higher the taxes the higher the prices, the higher the fees and fines the higher the prices.  Everyone talks about the large profits the high gas prices generated but no one talks aboout the HUGE taxes that the feds and the states took in the higher the price.  The gas companies make $.03 profit on a gallon of gas after paying the payroll, the income taxes, the wages and salaries, the transprotariong the refining and at 3.50 a gallon the state and feds in CA make $1.25 a gallon in taxes for doing nothing but the Democrats are complaining that the gas companies are making too much on a gallon of gas.
Don't pee on my shoes and tell me its raining.

[SHOOTALL]

like congress and the president these days this topic has nothing to do with real world debt or basic enomics but has turned into a platform for agends . YAWN !