MrRodgers
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Joined: 7/30/2005
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quote:
ORIGINAL: Mercnbeth
quote:
ORIGINAL: mnottertail
oh, the justice department, the sec, interstate commerce.......
and dont be droll with the taxation shit, merc.......show me where any corporation pays that rate, go show me a balance sheet on that, they expense it down, shift money overseas, bonus it, and get us to bail them out.
fuck that.
What about the "justice department, the SEC, interstate commerce? What don't they do and regulate and charge fees that would have prevented any fraud?
There's something missing from your diatribe - answers.
Failures don't have income to tax. They don't generate tax revenue. It's who this government, under prior and current administrations, decided to use the tax money successes pay to prop up and pay off the executive bonuses.
However, I pay it. I pay as little as legally possible in seeing how its used. I spend a whole bunch on employee benefits and bonuses too. I also make sure that charities get at least as much as I pay in taxes because I'd much rather dictate voluntarily who gets entitlements. Most of my fellow business owners do the same.
Guess what - any income we manage to pull is also taxed at a rate over 40%. It's the primary reason I don't feel guilty to take advantage of any of the legal regulations for travel or purchases. I too have shifted money oversees. Not in the scale you imagine but why not? It's already been subjected to quite a few US tax occurrences and the reason it's there is to insulate it from more. You should do the same because every day you have dollars you are losing purchasing power - gold is at $1,120/ounce. A reflection on the weakness of the US dollar and the decisions being made about the economy, not the value of gold. Gold's value in Euros is decreasing.
I'd be the first to support a domestic agenda that makes it more pragmatically logical to keep investment, money, and business in the US - however I don't see any of the current members of the US Politburo moving in that direction. You position of more tax, more regulation, more encumbrances to business and production seems to be the path pursued by the ruling class. You should be thrilled! Personally I can't say it better than you - "Fuck that!"
You all just don't get it do you ? We have a system where govt. obtains a quick, cheap settlement with the capitalist the paltry fining of which has the stock holders responsible for paying because of their own managements' defrauding of those very stockholders. Then management doesn't even have admit any guilt. What a deal.
Please stop everybody about the US corporate tax rate. The tax rate is almost meaningless. Few corporations in the country pay any taxes and many with a substantial part from capital gains...pay 15%.
That's the direct result of a 20,000 page tax code. You think real conservatives (Lincoln would have still been murdered) would allow this ? That tax code is no accident...it has been purchsed by the plutocracy.
Only in western capitalism are we to accept and ultimately a responsible for the very concept kinkroids, that of all things...banks don't go bankrupt. That's is a lead I have to pursue.
Merc, if you were elected Pres. and vowed to reform the 'nanny-state' all of this with say lower personal income tax or none at all but say 1 or 2 rates for the stratosphere) lower corp. tax and wipe out the code...say no write offs (shouldn't be any in a free market) the obvious rationale being that the tax code owes no subsidy for decisions made by the free marketplace.
Furthermore, it was the Bush admin. and a completely vertically intergrated repub govt. that passed the Patriot Act and HLS acts which have done more in leading this country toward fascism than anything the dems have done and by a wide margin. A large majority of repubs also voted for the TARP bill presented to them by Bush. That was decidedly...not conservative.
Merc we'd mourn your and our loss but you'd buy a bullet in your head if you really wanted..real reform. The powers that be...behind the throne...likes things just as they are.
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