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it didn't go far enough
small businesses cannot compete with the multinationals that avoid payment of taxes in America by using offshore tax havens
that loophole needs to be closed
http://www.ctj.org/taxjusticedigest/archive/2010/07/small_businesses_launch_campai.php
in my 25 year career counseling small business concerns, rarely were government regulations and "red tape" of significant concern to the small business ownersdo you realize that government regulation and red tape and other demands are what really hurts small business in its ability to compete with massive multinational corporations?
you must have slept thru the law school semesters while the tax and estate curriculums were presented, squire. that person who inherits the P&G stock has to pay estate taxes just as someone who acquires an interest in a small business. there is no differenceEtate taxes don't hurt Proctor and Gamble but that tax is pure hell on small businesses.
any trouble with your short term memory lately, as it seems you have forgotten the dilemma the republican 'deregulation' mantra has has imposed on our nation's economyNow lets reflect on which side of the Congressional aisle that imposes most of those costs and regulations on small businesses and who supports the greedy plaintiffs' attorneys increase costs as well?
You must have slept thru the law school semesters while the tax and estate curriculums were presented, squire. that person who inherits the P&G stock has to pay estate taxes just as someone who acquires an interest in a small business. there is no difference
Estate taxes are not paid by the person inheriting. They are paid by the estate. Some states levy an inheritance tax; most do not. But at the Federal level, the estate is taxed, not the person receiving the inheritance. I've read this misinformation from you several times now. Read the link. HowStuffWorks "Estate Taxes and Inheritance Taxes"
because my sister already provided healthcare to her employees, she now gets a break for doing just that. good deal.
Obama's plan would offer small banks capital and incentives to lend to small businesses, to unlock frozen credit for the small firms.
It would also create tax incentives for new investments by small businesses which want to expand -- for instance, offering quick tax reductions for outlays on new machinery or equipment.
The plan would also wipe out capital gains taxes on key investments in small businesses, in a bid to encourage the flow of capital to such firms.
Estate taxes are not paid by the person inheriting. They are paid by the estate. Some states levy an inheritance tax; most do not. But at the Federal level, the estate is taxed, not the person receiving the inheritance. I've read this misinformation from you several times now. Read the link. HowStuffWorks "Estate Taxes and Inheritance Taxes"
That's what they hope it will do.
Businesses don't grow a whole lot, if demand is down.
The fact of the matter is that the whole economy is at a stand still because of uncertainty in relation to deficits.
I also see that the tax breaks are only good for one year and have to be reauthorized annually.
Pretty wimpy, if you ask me.
That's what they hope it will do.
Businesses don't grow a whole lot, if demand is down.
The fact of the matter is that the whole economy is at a stand still because of uncertainty in relation to deficits.
I also see that the tax breaks are only good for one year and have to be reauthorized annually.
Pretty wimpy, if you ask me.
Let's look at this in real terms.
the old man croaks. Leaves a megabuck to his kids.
The tax on the "estate" is half.
that means the kids get half-a-megabuck.
That means the kids paid half-a-megabuck they could have had.
Now, if the estate was a business, the business has to be sold to provide the government's half-a-megabuck, and then the heirs are left with just cash, not a viable business concern.
The "death tax" myth is insane. It's more of the poor-supporting-the-rich, Republican style - handing their money upward to the Paris Hiltons of the world and smiling while they go take their job as a greeter at Wal-Mart after they were laid off from the factory.
Your is a big misrepresentation of how the estate tax works and you follow nicely the large Republican group-think that the estate tax will impact "hard-working" Americans - or even them. The estate tax is only paid exclusively by people who are in the 10% of wealthiest families, and even then 50% of all etates taxes are paid by the top .1% of Americans.
Unless someone's family farm is IMMENSE (like the size of Delaware), they're not going to pay it. EVER.
The "death tax" myth is insane. It's more of the poor-supporting-the-rich, Republican style - handing their money upward to the Paris Hiltons of the world and smiling while they go take their job as a greeter at Wal-Mart after they were laid off from the factory.
Who pays the estate tax?
The loophole of having no estate tax this year cost the government between $25 and $30 Billion. And God knows, the Steinbrenners would have gone BROKE if they'd been taxed this year. But now, thanks to the loophole, they can pay ARod a $40 million bonus if they'd like. Thank God! Oh, but don't you DARE extend unemployment benefits without paying for it. THAT would destory the nation. But do give tax breaks to the Hilton, the Steinbrenners, and the ARods of the world. They need help in these belt-tightening times.
costs the government--are you kidding? every bit of wealth the government doesn't take apparently costs the government.
People like Paris Hilton pay far far more taxes than they use
where do we get people who whine that the government doesn't take enough wealth>
we get in from the creation of an entitlement mentality that other people have a duty to fund their existence.
NO ONE SHOULD BE SUBJECTED TO AN ESTATE TAX. They have already been taxed plenty if they leave enough to be subjected to the death confiscation tax.
I think most people that bitch about the government taxing the rich don't understand just how goddamn easy it is for the rich to keep getting richer. Do you know how much people make off of dividends and just having a ****load of money in the bank in the first place? The rich probably make more off of interest than your average $40-50k American makes in a year.
Why is it that Teabaggers (lol @ that term) love to defend the rich? Seriously can someone please enlighten me on this, or do they just think that someday they will wake up and magically be making $300k a year and are covering their asses right now?
I think most people that bitch about the government taxing the rich don't understand just how goddamn easy it is for the rich to keep getting richer. Do you know how much people make off of dividends and just having a ****load of money in the bank in the first place? The rich probably make more off of interest than your average $40-50k American makes in a year.
Why is it that Teabaggers (lol @ that term) love to defend the rich? Seriously can someone please enlighten me on this, or do they just think that someday they will wake up and magically be making $300k a year and are covering their asses right now?
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