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Old 06-28-2013, 10:42 AM   #126
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Originally Posted by Fedaykin View Post
It's pretty amazing the silly things these wingnuts will claim.
Changing tax laws and regulations to benefit the rich is ideologically sound policy and rooted in our American traditions.

Changing tax laws and regulations to benefit the less-than-rich is socialism.
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Old 06-28-2013, 10:44 AM   #127
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If what you say is true, the hit would be felt across all classes. That's not the case:

The richest 7% of American families saw their average wealth soar 28% from 2009 to 2011, while the remaining 93% of households lost 4% of their net worth over that same period, according to a new report.
http://articles.latimes.com/2013/apr...ealth-20130423
Economic imperialism, plain and simple. The rich can harness and control resources globally. You and I scrape together what we can find here at home.

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Highest taxes in the world? You've got to be kidding.
http://www.usnews.com/opinion/blogs/...s-economically

World's Highest Corporate Tax Rate Hurts U.S. Economically
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Old 06-28-2013, 10:48 AM   #128
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Economic imperialism, plain and simple. The rich can harness and control resources globally. You and I scrape together what we can find here at home.



http://www.usnews.com/opinion/blogs/...s-economically

World's Highest Corporate Tax Rate Hurts U.S. Economically
Learn the difference between nominal and effective tax rate. Even your link doesn't understand.
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Old 06-28-2013, 10:49 AM   #129
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Old 06-28-2013, 10:50 AM   #130
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Old 06-28-2013, 10:51 AM   #131
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Learn the difference between nominal and effective tax rate. Even your link doesn't understand.
They didn't understand it during the election, why would they now?
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Old 06-28-2013, 10:51 AM   #132
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Enter Beavis in "Chart Attack Mode"!
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Old 06-28-2013, 10:52 AM   #133
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Raise your hand if you understand what a progressive tax system means....
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Old 06-28-2013, 10:53 AM   #134
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The effective corporate tax rate was cut another 20% after Bush was elected. There are some in corporate America (cough Koch Brothers cough) who believe the corporate tax rate should be zero. They snivel about ANY taxation.
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Old 06-28-2013, 11:01 AM   #135
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Beavis suddenly got very quiet. Just like in all the scandal threads!
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Old 06-28-2013, 11:05 AM   #136
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"The true friend of property, the true conservative, is he who insists that property shall be the servant and not the master of the commonwealth; who insists that the creature of man’s making shall be the servant and not the master of the man who made it. The citizens of the United States must effectively control the mighty commercial forces which they have called into being.

There can be no effective control of corporations while their political activity remains. To put an end to it will be neither a short nor an easy task, but it can be done."

President Theodore Roosevelt

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Old 06-28-2013, 11:08 AM   #137
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"The true friend of property, the true conservative, is he who insists that property shall be the servant and not the master of the commonwealth; who insists that the creature of manís making shall be the servant and not the master of the man who made it. The citizens of the United States must effectively control the mighty commercial forces which they have called into being.

There can be no effective control of corporations while their political activity remains. To put an end to it will be neither a short nor an easy task, but it can be done."

President Theodore Roosevelt

"Corporations are people, my friend!"

Failed Presidential Candidate Willard Romney
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Old 06-28-2013, 11:13 AM   #138
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Thirty years ago, this country bought into the Reagan crapfest of supply-side economics and started rewriting our progressive taxation laws and regulations on Wall Street, banksters, and corporations in order to create (what Oliver Wendell Holmes Jr. called a hundred years ago) a "Horse and Sparrow" economy. Yes, it's all been done before. And we shockingly discovered that the same thing happened as the last time we tried it: All the money flowed to the top, labor was wiped out, and the criminal investment community turned our markets into a casino, robbed us blind, stole all our money, and stashed it offshore. Big surprise. Only this time they were smart enough to buy up Washington to keep themselves out of jail (and keep the money) and we wake up to the worst income disparity in our nation's history and all the equity sucked out of our homes.

Holmes called it the "Horse and Sparrow" economy because the theory was that if you overfed the horse with oats, there would be plenty left over in the horse poop on the road for the sparrows to pick out. Unfortunately, what we discovered was that our horses didn't leave one grain behind. Impeccable digestion, these beasts have. And now we argue that a livable wage for the bottom tier of Americans is unacceptable because it might create a hardship for billionaires. Don't worry. The vaults in the Cayman Islands are holding fast. They'll be okay. Amazing what changing a few laws and regulations can do, isn't it?

Here's the funny part: The Right Wingers aren't satisfied. They want zero capital gains taxes, zero corporate taxes and zero estate taxes. Welcome to Wonderland.
That's the problem with government. They will do whatever they can get away with. Big or small, they are corrupt. It's taken some time for them to grow so big that they are untouchable. Smaller government is more accountable to the people. Nobody's to blame but our government leaders. Not necessarily the current leaders, but throughout American history, step by step, government officials have systematically turned a free republic into a corporatocracy.
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Old 06-28-2013, 11:20 AM   #139
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That's the problem with government. They will do whatever they can get away with. Big or small, they are corrupt. It's taken some time for them to grow so big that they are untouchable. Smaller government is more accountable to the people. Nobody's to blame but our government leaders. Not necessarily the current leaders, but throughout American history, step by step, government officials have systematically turned a free republic into a corporatocracy.
The size is not important, and has no meaning. The laws are the root of the problem. Right now, we have a setup where corporate interests write the laws (see ALEC, for example http://billmoyers.com/episode/full-s...c-a-follow-up/ ). Our laws say they can do that. Citizens United is the death knell of this republic if it doesn't get thrown out. Change the laws and you change the country.
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Old 06-28-2013, 12:08 PM   #140
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That's the problem with government. They will do whatever they can get away with. Big or small, they are corrupt. It's taken some time for them to grow so big that they are untouchable. Smaller government is more accountable to the people. Nobody's to blame but our government leaders. Not necessarily the current leaders, but throughout American history, step by step, government officials have systematically turned a free republic into a corporatocracy.
Bipartisan Immigration bill filled with pork.


Buried within the 844 pages of the bipartisan immigration bill -- are pet provisions of the senators who crafted it.

South Carolina Republican Sen. Lindsey Graham wants more visas for the meat industry, a major employer in his state.

Sen. Charles Schumer, D-N.Y., pushed for special treatment for Irish workers; his state is home to a large population with Irish ancestry.

Republican Sen. Marco Rubio sought help for the cruise-ship industry, a big business in his home state of Florida.

Democratic Sen. Michael Bennet of Colorado wove in a boost for ski areas.



http://www.foxnews.com/politics/2013...-pet-projects/
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Old 06-28-2013, 12:36 PM   #141
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Chart Wars



http://money.cnn.com/2012/03/27/pf/t...axes/index.htm
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Old 06-28-2013, 12:45 PM   #142
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Did you even read your own article?

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Loopholes and other special treatment for different kinds of businesses mean that businesses pay an effective rate of only 29.2% of their income, which puts the United States below the average of 31.9% among other major economies, according to analysis by the Treasury Department.
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Old 06-28-2013, 12:48 PM   #143
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Old 06-28-2013, 01:05 PM   #144
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Beavis showed up at a gun fight with a butter knife.
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Old 06-28-2013, 01:06 PM   #145
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Did you even read your own article?
Connect some dots, Hough.

It's true that what corporations actually pay isn't too out of line (yet) But it's only because they engage in just exactly the kind of evasion you kids say should be illegal.

http://dealbook.nytimes.com/2012/10/...als-play/?_r=0

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The tax code provides multinationals based in the United States with many incentives to shift income to foreign low-tax jurisdictions. In theory, American corporations are taxed at 35 percent on their worldwide income. But income earned by an active controlled foreign corporation is not usually taxed until the cash is repatriated to the parent company in the United States as a dividend.

From a policy perspective, the problem is not so much that tax on foreign income is deferred, but rather that United States income is being masqueraded as foreign income.
We can't cut corporate taxes transparently because of the counter-corporate pitchfork brigade. Now you want to keep coming back until there really is no reason left to be an American multinational.
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Old 06-28-2013, 01:08 PM   #146
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Beavis showed up at a gun fight with a butter knife.
Say it for me, just one time, Tony.



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Old 06-28-2013, 02:29 PM   #147
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Learn the difference between nominal and effective tax rate. Even your link doesn't understand.
Corporations don't pay taxes, only the consumers do.

Much like the higher cost of labour will be passed on so will higher taxes, so by raising taxes on corporations you hurt most the people you are trying to help.


A few years ago up here there was talk of a $2.00 tax per blank CD, within days stores had started charging it, the ones that didn't quickly sold out of stock, then when they got new stock in they charged the tax that didn't exist two. It took the government coming out and saying it wasn't going to happen and to stop the gouging for them to stop. It was a rough 2 months trying to find cd's and dvd's. Small businesses were the first ones to jack up the rates, walmart and best buy were the last to get in on the gouging.
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Old 06-28-2013, 03:21 PM   #148
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Did you even read your own article?
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Old 06-28-2013, 03:30 PM   #149
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The world's global production was approx. $86 trillion in 2012. We can no longer allow the rich (individuals and corporations alike) to hide $32 trillion offshore, free from taxation. What that means is that they profit from the civilization we have built through our taxes, but they don't want to pay their fair share for it. The word for that is "parasites." The same leeches that shake their heads and lament with crocodile tears that they must continue to raise prices on everything from oil to food will then stand there and snivel when told their tax bill must go up as well.
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Old 06-28-2013, 03:40 PM   #150
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The world's global production was approx. $86 trillion in 2012. We can no longer allow the rich (individuals and corporations alike) to hide $32 trillion offshore, free from taxation. What that means is that they profit from the civilization we have built through our taxes, but they don't want to pay their fair share for it. The word for that is "parasites." The same leeches that shake their heads and lament with crocodile tears that they must continue to raise prices on everything from oil to food will then stand there and snivel when told their tax bill must go up as well.
Civilization was built by taxes. Cool. Learn something new every day here on the OM.
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