Taxes

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Comments

  • FiveB247x
    FiveB247x Posts: 2,330
    My point is that many want to create equality by enforcing inequality in the laws. We should simply have a flat tax and there would be no argument.
    Jeanwah wrote:
    Rich Americans paid much more in taxes until the Reagan administration. That's why there WAS a middle class then and why there isn't one now.
    CONservative governMENt

    Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. - Louis Brandeis
  • Jeanwah
    Jeanwah Posts: 6,363
    FiveB247x wrote:
    My point is that many want to create equality by enforcing inequality in the laws. We should simply have a flat tax and there would be no argument.
    Jeanwah wrote:
    Rich Americans paid much more in taxes until the Reagan administration. That's why there WAS a middle class then and why there isn't one now.
    A flat tax for all to pay is not fair to the poor.
  • Drowned Out
    Drowned Out Posts: 6,056
    FiveB247x wrote:
    We should simply have a flat tax and there would be no argument.
    :lol::lol::lol::lol:
    That's funny :)
  • FiveB247x
    FiveB247x Posts: 2,330
    How is a flat tax a bad idea? Everyone pays x % on the normal taxable items... how is that unfair?
    CONservative governMENt

    Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. - Louis Brandeis
  • Drowned Out
    Drowned Out Posts: 6,056
    FiveB247x wrote:
    How is a flat tax a bad idea? Everyone pays x % on the normal taxable items... how is that unfair?
    You know the answer to this: Someone making $100/day and paying $10 tax is at a severe disadvantage in comparison to someone paying $10,000 on $100,000. The disadvantage is even more pronounced in goods and service taxes. Now that I've supplied the answer you knew was coming....let's hear that rebuttal ;)
  • Stypo420
    Stypo420 Posts: 519
    mikepegg44 wrote:
    http://www.msnbc.msn.com/id/38378992/ns/politics/


    anyone have any thoughts on this... I am all for someone paying less in taxes, I just find it funny that people who talk about taxing the rich more do whatever they can to avoid paying taxes.

    My thought is RI should raise its damn boat taxes we could use the money. ;)

    Edit- Kerry is a moron.
  • FiveB247x
    FiveB247x Posts: 2,330
    I believe a flat tax is still the fairest way to do taxes equally and consistently. Any system will discriminate or over/under compensate one group or another in some fashion, so there really is no other perfect answer to rectify such disparity.
    Drowned Out wrote:
    You know the answer to this: Someone making $100/day and paying $10 tax is at a severe disadvantage in comparison to someone paying $10,000 on $100,000. The disadvantage is even more pronounced in goods and service taxes. Now that I've supplied the answer you knew was coming....let's hear that rebuttal ;)
    CONservative governMENt

    Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. - Louis Brandeis
  • Jeanwah
    Jeanwah Posts: 6,363
    FiveB247x wrote:
    I believe a flat tax is still the fairest way to do taxes equally and consistently. Any system will discriminate or over/under compensate one group or another in some fashion, so there really is no other perfect answer to rectify such disparity.
    Drowned Out wrote:
    You know the answer to this: Someone making $100/day and paying $10 tax is at a severe disadvantage in comparison to someone paying $10,000 on $100,000. The disadvantage is even more pronounced in goods and service taxes. Now that I've supplied the answer you knew was coming....let's hear that rebuttal ;)
    You must not be poor then.
  • FiveB247x
    FiveB247x Posts: 2,330
    Well is the issue about doing what's best for me in the singular or society as a whole? Anyone can say what helps them best.

    Also - one of my favorite quotes: "When the people find that they can vote themselves money, that will herald the end of the republic" - Benjamin Franklin
    Jeanwah wrote:
    You must not be poor then.
    CONservative governMENt

    Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. - Louis Brandeis
  • MotoDC
    MotoDC Posts: 947
    FiveB247x wrote:
    So basically, you want to hold people who have more money to higher standards and tougher taxes compared to the rest of society. How is that fair again?

    You either aren't reading or aren't understanding my posts as I haven't said anything specific about a taxation methodology preference. I'll boil it down: if you're going to preach it, live it. If you're going to preach family values from your soapbox, don't boink the maid. If you're going to preach clean air, don't drive a Hummer. If you're going to preach wealth redistribution and/or increased taxes for the "common good", don't move your $7M yatch to another jurisdiction so you don't have to pay the taxes in your home state.
  • FiveB247x
    FiveB247x Posts: 2,330
    Ok I get your point but who exactly is doing that?? If your comments are aimed at businessmen or politicians, it's silly to take them for their word and it's mere rhetoric.
    MotoDC wrote:
    You either aren't reading or aren't understanding my posts as I haven't said anything specific about a taxation methodology preference. I'll boil it down: if you're going to preach it, live it. If you're going to preach family values from your soapbox, don't boink the maid. If you're going to preach clean air, don't drive a Hummer. If you're going to preach wealth redistribution and/or increased taxes for the "common good", don't move your $7M yatch to another jurisdiction so you don't have to pay the taxes in your home state.
    CONservative governMENt

    Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. - Louis Brandeis
  • Commy
    Commy Posts: 4,984
    if anybody is pissed off at paying more taxes blame the military, and no i haven't read the thread. its a fucking industry that relies on tax dollars. more than that.....when a country spends as much as europe, asia, south america, and the entire planet COMBINED on weapons and military.......wouldn't you say there are room for cutbacks?




    that's the United States.....equaling the entire world in military spending.


    if someone wants to raise taxes they are a damn fool. take it from the military. and considering how they spend what we give them we probably shouldn't be giving them a dime.
  • puremagic
    puremagic Posts: 1,907
    Do you know that Enbridge Energy Partners, L.P., who caused the oil spill in the Kalamazoo River is incorporated in Delaware, thus, they pay no taxes.

    Do you know that BP’s charter company BP America is incorporated in Delaware which protects BP’s tax revenues even with the ensuing lawsuits resulting from the Deep Horizon oil spill?

    Raising the taxes on the wealthy would be like having them automatically give a charitable donation to the U.S. They’d simply laugh as they write the check and turn it over to their accountant to find a loophole (in their estate/death tax) to recoup the money from the government.

    We all know that the Pentagon and the State Department are too heavily invested in private contractors and outsourcing. Yet, every penny we give them increases the National Deficit.

    Thanks to the U.S. Supreme Court, these very same corporations get to be treated like people, except when it comes to their money.

    The wealthy pay the State and Federal lawmakers keep them wealthy.

    DELAWARE
    Delaware is home to half of the New York and American Stock Exchange listed companies because of its business friendly environment, including its well-developed, unique business related judicial system.
    Delaware has among the lowest costs and least disclosure requirements of any of the 50 states. Companies can be registered within 48 hours and shelf companies are available. Corporation names must end with the word "Limited", "Corporation" "Incorporated" or abbreviations of such words, and are subject to a minimum annual tax of $50 (if they have minimum capital).

    Although there is no state income tax, as with all states no matter their particular tax laws, all US companies (or any entity for that matter) are subject to applicable federal tax laws & reporting requirements. Companies must have a Delaware Registered Office and director, a secretary and at least one director. The director can be a corporation, meetings can be held anywhere, the public file need only contain the name of the company, incorporation number, date of incorporation and details of registered agent, and no records of the company's business need be kept in Delaware.
    Delaware LLCs pay a $100 annual tax and are otherwise tax free if no business activity is carried on in the US, most of its members are not US citizens or residents and it does not invest in US companies.

    FLORIDA
    Florida has been the national pacesetter in the number of new business incorporations, leading the nation. Its tax system, from a business perspective, is among the most advantageous in the US. Tourism, generating more than $34 billion in taxable spending in 1996, has an important impact on its tax structure. The state has 13 foreign trade zones to meet the needs of firms involved in import/export activities.

    Florida has one of the nation's most extensive banking communities, ranking fourth among states in terms of assets and is home to 99 international banks, 74 of which are state-licensed foreign banks. It's the nation's 4th largest state in terms of population with more than 14 million people (projected to grow to nearly 18 million by the year 2010). With 10 state-run universities, 156 private colleges and universities, 28 community colleges, it has the highest average education level in the Southeast US.
    Taxes and Finance
    Florida taxes are moderate with the structure and administration of its tax system best shown by what is not taxed:
    No personal income tax
    No inventory tax
    No corporate franchise tax on capital stock
    No state-level ad valorem taxes
    No ad valorem taxes on goods-in-transit
    No sales tax on food, medicine, or most services
    No tax on foreign source dividends, as defined by federal law

    NEVADA
    Nevada, widely known as the gambling capital of the world, has the fastest population growth of any US state, yet only a few miles from Las Vegas you'll find yourself in the wide open spaces of the "Old West" with its laissez faire attitude that, in many ways, still prevails. With the gaming industry and resulting tourism providing a major share of state tax revenue, along with its business friendly statutes and elected officials, Nevada provides businesses, especially smaller ones, what some consider to be the most advantageous economic, tax and legal environment in the US.

    Along with having most of the benefits of Delaware, Florida & Wyoming, Nevada has no personal OR corporate income tax, is located in the booming western US (next to California & Arizona), and is the ONLY state to reject all information sharing agreements with the US' federal tax agency - the IRS.

    WYOMING
    Wyoming was the leading US state in recognizing and permitting formation and registration of the Limited Liability Company (LLC). A Wyoming LLC pays a $120 annual tax / filing fee and -- if no business activity is carried on in the US, most of its members are not US citizens or residents and it does not invest in US companies -- is otherwise tax free.
    SIN EATERS--We take the moral excrement we find in this equation and we bury it down deep inside of us so that the rest of our case can stay pure. That is the job. We are morally indefensible and absolutely necessary.
  • MotoDC
    MotoDC Posts: 947
    FiveB247x wrote:
    Ok I get your point but who exactly is doing that?? If your comments are aimed at businessmen or politicians, it's silly to take them for their word and it's mere rhetoric.

    Fair enough, but I think it's still worth the effort to "hold them" (insofar as ranting on a rock band forum holds anyone to anything lol) to that standard.
  • FiveB247x
    FiveB247x Posts: 2,330
    I agree, but I'm more concerned about what they're spending it more so than my simple percentage... because many may not think so, those grandoise decisions have more effect on your life than you think. And as puremagic and commy have commented, it's clear most of this has little to do what the people contribute, and more to do what big business and the government are doing or not doing about it.
    MotoDC wrote:
    FiveB247x wrote:
    Ok I get your point but who exactly is doing that?? If your comments are aimed at businessmen or politicians, it's silly to take them for their word and it's mere rhetoric.

    Fair enough, but I think it's still worth the effort to "hold them" (insofar as ranting on a rock band forum holds anyone to anything lol) to that standard.
    CONservative governMENt

    Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. - Louis Brandeis
  • gimmesometruth27
    gimmesometruth27 St. Fuckin Louis Posts: 24,470
    i was just sitting here reading about how the bush tax cuts are set to expire and i was wondering this...

    the republican congress voted for the tax cuts, they voted for them to expire, as it was in the legislation that their majority passed, and yet if the dems let them expire, how is that a "democratic tax increase"???
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • TriumphantAngel
    TriumphantAngel Posts: 1,760
    Commy wrote:
    if anybody is pissed off at paying more taxes blame the military, and no i haven't read the thread. its a fucking industry that relies on tax dollars. more than that.....when a country spends as much as europe, asia, south america, and the entire planet COMBINED on weapons and military.......wouldn't you say there are room for cutbacks?




    that's the United States.....equaling the entire world in military spending.


    if someone wants to raise taxes they are a damn fool. take it from the military. and considering how they spend what we give them we probably shouldn't be giving them a dime.
    this.
  • Pepe Silvia
    Pepe Silvia Posts: 3,758
    puremagic wrote:
    Do you know that Enbridge Energy Partners, L.P., who caused the oil spill in the Kalamazoo River is incorporated in Delaware, thus, they pay no taxes.

    Do you know that BP’s charter company BP America is incorporated in Delaware which protects BP’s tax revenues even with the ensuing lawsuits resulting from the Deep Horizon oil spill?

    Raising the taxes on the wealthy would be like having them automatically give a charitable donation to the U.S. They’d simply laugh as they write the check and turn it over to their accountant to find a loophole (in their estate/death tax) to recoup the money from the government.

    We all know that the Pentagon and the State Department are too heavily invested in private contractors and outsourcing. Yet, every penny we give them increases the National Deficit.

    Thanks to the U.S. Supreme Court, these very same corporations get to be treated like people, except when it comes to their money.

    The wealthy pay the State and Federal lawmakers keep them wealthy.

    DELAWARE
    Delaware is home to half of the New York and American Stock Exchange listed companies because of its business friendly environment, including its well-developed, unique business related judicial system.
    Delaware has among the lowest costs and least disclosure requirements of any of the 50 states. Companies can be registered within 48 hours and shelf companies are available. Corporation names must end with the word "Limited", "Corporation" "Incorporated" or abbreviations of such words, and are subject to a minimum annual tax of $50 (if they have minimum capital).

    Although there is no state income tax, as with all states no matter their particular tax laws, all US companies (or any entity for that matter) are subject to applicable federal tax laws & reporting requirements. Companies must have a Delaware Registered Office and director, a secretary and at least one director. The director can be a corporation, meetings can be held anywhere, the public file need only contain the name of the company, incorporation number, date of incorporation and details of registered agent, and no records of the company's business need be kept in Delaware.
    Delaware LLCs pay a $100 annual tax and are otherwise tax free if no business activity is carried on in the US, most of its members are not US citizens or residents and it does not invest in US companies.

    FLORIDA
    Florida has been the national pacesetter in the number of new business incorporations, leading the nation. Its tax system, from a business perspective, is among the most advantageous in the US. Tourism, generating more than $34 billion in taxable spending in 1996, has an important impact on its tax structure. The state has 13 foreign trade zones to meet the needs of firms involved in import/export activities.

    Florida has one of the nation's most extensive banking communities, ranking fourth among states in terms of assets and is home to 99 international banks, 74 of which are state-licensed foreign banks. It's the nation's 4th largest state in terms of population with more than 14 million people (projected to grow to nearly 18 million by the year 2010). With 10 state-run universities, 156 private colleges and universities, 28 community colleges, it has the highest average education level in the Southeast US.
    Taxes and Finance
    Florida taxes are moderate with the structure and administration of its tax system best shown by what is not taxed:
    No personal income tax
    No inventory tax
    No corporate franchise tax on capital stock
    No state-level ad valorem taxes
    No ad valorem taxes on goods-in-transit
    No sales tax on food, medicine, or most services
    No tax on foreign source dividends, as defined by federal law

    NEVADA
    Nevada, widely known as the gambling capital of the world, has the fastest population growth of any US state, yet only a few miles from Las Vegas you'll find yourself in the wide open spaces of the "Old West" with its laissez faire attitude that, in many ways, still prevails. With the gaming industry and resulting tourism providing a major share of state tax revenue, along with its business friendly statutes and elected officials, Nevada provides businesses, especially smaller ones, what some consider to be the most advantageous economic, tax and legal environment in the US.

    Along with having most of the benefits of Delaware, Florida & Wyoming, Nevada has no personal OR corporate income tax, is located in the booming western US (next to California & Arizona), and is the ONLY state to reject all information sharing agreements with the US' federal tax agency - the IRS.

    WYOMING
    Wyoming was the leading US state in recognizing and permitting formation and registration of the Limited Liability Company (LLC). A Wyoming LLC pays a $120 annual tax / filing fee and -- if no business activity is carried on in the US, most of its members are not US citizens or residents and it does not invest in US companies -- is otherwise tax free.

    interesting info on delware, i knew a lot of credit card companies are headquartered there but didn't know about so many others. thanks.

    hmmmm where was joe biden a senator for 26 years from again? :lol::lol:
    don't compete; coexist

    what are you but my reflection? who am i to judge or strike you down?

    "I will promise you this, that if we have not gotten our troops out by the time I am president, it is the first thing I will do. I will get our troops home. We will bring an end to this war. You can take that to the bank." - Barack Obama

    when you told me 'if you can't beat 'em, join 'em'
    i was thinkin 'death before dishonor'
  • rollings
    rollings unknown Posts: 7,127
    puremagic wrote:
    Do you know that Enbridge Energy Partners, L.P., who caused the oil spill in the Kalamazoo River is incorporated in Delaware, thus, they pay no taxes.



    Just because a company doesn't pay state income tax, doesn't mean they don't pay federal income taxes.

    and on a separate point....another advantage to Delaware is that they also have no SALES tax.
  • Smellyman
    Smellyman Asia Posts: 4,528
    Commy wrote:
    if anybody is pissed off at paying more taxes blame the military, and no i haven't read the thread. its a fucking industry that relies on tax dollars. more than that.....when a country spends as much as europe, asia, south america, and the entire planet COMBINED on weapons and military.......wouldn't you say there are room for cutbacks?




    that's the United States.....equaling the entire world in military spending.


    if someone wants to raise taxes they are a damn fool. take it from the military. and considering how they spend what we give them we probably shouldn't be giving them a dime.

    but who would protect our freedoms in Iraq and Afghanistan?

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