- Joined
- Feb 21, 2012
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- Liberal
You still need to overcome your famous quote before you can comment on any taxation.
You still need to overcome your famous quote before you can comment on any taxation.Actually I have no problem with individual income taxes as long as they are evenly applied, but I do wonder why we would tax businesses that provide the income to individuals...
And this is referred to as....wait for it...libertarian mental masturbation.
I wouldn't advertise that affiliation either.....ever....and if one is so thin skinned so as to be moved by a small tease....well there you are.Great. Now I have to change my political affiliation label back to "other". I never got a "duh cuz ur a [fill-in-the-blank]" in the two and a half years I've been coming here.... and I *just* changed it to libertarian yesterday.
Where are they headquartered? Where do they claim home to be?Way more foreign owned companies have located branches in the US, and way more foreign individuals have opened businesses in the US than we have lost.
I wouldn't advertise that affiliation either.....ever....and if one is so thin skinned so as to be moved by a small tease....well there you are.
you could report it....if that would help.
You still need to overcome your famous quote before you can comment on any taxation.
Where are they headquartered? Where do they claim home to be?
This liberal is calling your "thoughts" pointless, off topic, libertarian bs, ie, mental masturbation. Your method of dealing with it....is to change your "lean". Wow.Is that what liberals do? Tease, instead of respond to well thought out arguments?
I'm not so easily appeased....and note, he approved of my response too. So much for an appeal to authority.I just had a socialist say "fair enough" after allowing me to explain myself. Apparently, snap judgments of arguments (and people) don't always yield the correct interpretations.
Those corporations haven't "left the US."
What most of them are doing is exploiting a tax loophole. They purchase a foreign company, and use the merger process to reincorporate abroad, and cut their tax rate by a few points.
The effective corporate tax rate -- as in, what they actually pay -- is actually fairly low. On average it's around 12%. When you include all taxes (local, state, foreign, federal) it's around 17%. (GAO: U.S. corporations pay average effective tax rate of 12.6% - Jul. 1, 2013)
BK appears to be an exception. They are in an industry with a higher tax rate (effective rates around 27.5%), but they actually won't save much by moving to Canada -- Tim Horton's rates are reported between 27 and 29%. They might save a little on capital gains. (Burger King Deal Draws Tax Criticism - WSJ note may soon be paywall)
Shareholders seem to like inversions... for a few weeks. Stock performance doesn't actually improve after doing an inversion. In addition, some shareholders can get screwed by the process. E.g. if you bought BK at $14, and the company does the conversion at $30, you get issued new stock -- and likely have to pay capital gains at the conversion price. (Burger King merger: Do 'tax inversions' really make sense? (+video) - CSMonitor.com)
The US isn't the only country where this happens. Amazon, for example, has avoided taxes in EU nations for years by incorporating in Luxembourg. The Brits were supposedly pretty ticked off about it, too. Amazon: £7bn sales, no UK corporation tax | Technology | The Guardian
No one is moving because of any politician's rhetoric; that's just silly. None of those companies plan to stop doing business in the US. BK is not going to close stores in the US. All of those companies still have to deal with the US tax code, US regulations, US employees, US customers and so forth.
The reality is that most inversions, and corporate HQ location changes, are for tax reasons.
If the effective rate were really advantageous in the US then companies would not be seeking inversions.
Bingo, what's up 2m?
Greetings, AP.:2wave:
Long time no see. All is well here. Had a good summer and now getting back to real life. You?
And a warm hello to you 2m. I'm waiting on four suppressors, so I'm in a bit of a downtime. BTW, I'm in the 71% supporting the REDSKINS football team name, not necessarily the team itself...
Thanks. I've spent some time lately defending the name here at DP.
FYI: One result of this summer's adventures is the beginning of a plan to relocate to Hilton Head Island, SC in early 2017.
Corporations are ALWAYS going to try to avoid taxation, your comment is pointless....but then..what else is new?If the effective rate were really advantageous in the US then companies would not be seeking inversions.
Corporations are ALWAYS going to try to avoid taxation, your comment is pointless....but then..what else is new?
Corporations are ALWAYS going to try to avoid taxation, your comment is pointless....but then..what else is new?
Yes, those with capital did, since people have to eat and if you don't have capital, you have to work for greedy monsters like the Walmart family
No....you have a choice
You may not like your choices....but you do have them
And every person has the option of making their situation better
Is it easy....hell no
But nothing worth anything in life is free....you have to work on it/ at it
Even those with limited intelligence can learn basic trades and make more than minimum wage
Question is.....do they want to put in the effort needed?
The myth of capital combined with the myth that workers are lazy. What a witches brew.
The irony is the billionaire Walton children are the lazy ones, never worked a day in their miserable lives. But you think their workers are the problem
Would you rather the Waltons shut down Walmart and not keep their capital at risk?
What risk? They inherited the billions from their sorrya** Dad, who started the whole process of capital flight to China. Never worked a day in their lives.
But in any case, the issue is paying higher wages to their hard working employees. Since their billionaires, maybe they could take a lower profit margin and do so. But they don't. Why? They're greedy.
The myth of capital combined with the myth that workers are lazy. What a witches brew.
The irony is the billionaire Walton children are the lazy ones, never worked a day in their miserable lives. But you think their workers are the problem
First of all, I was responding to an argument that said the Bill of Rights did not include the right to keep income. This is a problematic argument because the Bill of Rights is a set of rules for what the government cannot do to the people more than it is a set of permissions granted to the people. The original wording of the Constitution (including the Bill of Rights) did not include any language specifically protecting income from taxation simply because the original wording of the Constitution did not allow the federal government to tax income, i.e. income was already protected by the 10th Amendment since no power to tax income so was granted to the federal government. And by this token, some interpretations of the 10th Amendment claim the 16th Amendment should not be, any more so than a hypothetical amendment granting the government the right to arrest a citizen for political speech.
What risk? They inherited the billions from their sorrya** Dad, who started the whole process of capital flight to China. Never worked a day in their lives.
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