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And another dishonest post from TD
Dividends are only taxed when received. That's just one time, not two
Perhaps you should ask someone who actually understands corporate ownership
yes you are, and maybe you should ask Haymarket why he supports the government taking say 350K out of a corporate profit of one million and then the same government taking 40% of the dividends paid to the OWNERS (assuming they are "rich"). What this means is
start with one million and it is reduced by 350 to 650
then apply a 40% income tax (Haymarket wants dividends treated the "same" [he ignores this first cut of taxation which of course doesn't apply to your salary] to the 650 distributed as dividends. that is another 260K taken by the government
so the one million made by the private corporation is diminished by 610 thousand leaving only 390K for the owners
that pretty much defines a parasitic tax system
dividends represent corporate profit, so they are hit with corporate income tax and an individual income tax
1+1=2.
For a good reason though, wouldn't you prefer the company use those profits to expand rather than just sending out profits to shareholders?
remind me of the number of corporations you own and your stock holdings (rounded to the nearest hundred k)
we understand why the big government types try to justify this double taxation
but the fact remains
the same pool of money is subjected to TWO CUTS by the government and since you want the tax on dividends to be the same as earned income tax (40% for people like me) that means the GOVERNMENT takes more than 60% of that pool of money
you can pretend its different entities BEING taxed but it is the same ENTITY TAKING the money
You can spew that you EXPLAINED IT and you still cannot figure out that this does not JUSTIFY such parasitic activity
Now I will EXPLAIN to you that I am tired of being told that its OK for the government to take that much money to make those who don't have the skill or productivity to actually invest money feel better
So by extension does that mean that I "own" is a share in the company's profit?
With SPECIFIC regards to profits, how so?
You are profoundly correct with this statement. Those espousing ‘fair’ and ‘tax the rich’ are equally placing the ultimately priority on THEIR personal gain over anything else.
Thank you for that.
I believe this explains some of the difference in our opinions. I feel that my ownership of stock is ownership of company. When a consumer pays for G/S to the company they are paying ME thus money changes from their hand to MY hand, being a fractional owner of the company. Yes, company liabilities are separate from me via corporate law but the same liabilities are also satisfied, in part, with MY money, either via revenue from consumer OR my stock purchase.
dividends are good, double taxation is a net drain on our economy
Liberalism is defined by the concept of spending IN THE NAME OF COMPASSION but never getting compassionate results which mean solving an actual social problem. I am still waiting for you to explain how a Bureaucrat in D.C. who you want to get more tax dollars can solve a local problem in your community whereas you cannot do what you have been hired to do. Guess it is easier blaming an unknown bureaucrat in D.C. versus taking personal responsibiliy in your own state and community.
So some deductions are loopholes and others are not? See I just disagree with this. It is another example of government meddling in the (supposed) free market. These are EXACTLY the activities that distort markets and promote the boom/bust cycle.
Really? I have a degree in political science and taught Government for over three decades and never ever saw that definition in any authoritiave text. Woul you please link to the source of that definition please so we know you are just not making it us as you go along?
A businesses' revenue is not taxes. It's profit (or more accuratey, it's "income") is taxed. Then if the company is a publically owned corp, it can choose to distribute it's profit to its' shareholders as dividends. If it chooses to do so, those dividends are taxes when received. This tax is only applied one time (when received), not twice
The "original distribution" is not taxed twice. It's not even taxed once. The PROFIT (not the revenue) is taxed one time, and only one time. If you don't want to pay a divident tax, you can avoid it very simply. Simply don't accept the dividend. Tell the corp to keep it and re-invest it to build the business.
How are dividends "good"? What rational makes them preferable to reinvesting in the company? They are a way of sending additional profits to investors which is neither good or bad but just not preferable.
From your posts if you were a teacher that explains why were are in the problems we are today. Did you teach your students that it was the Federal Taxpayers Responsibility to pay for their personal responsibility issues? Did you teach them that the Federal govt. can solve local and state problems better than you can being closer to the problem?
Liberalism is defined by the concept of spending IN THE NAME OF COMPASSION but never getting compassionate results which mean solving an actual social problem.
dividends represent corporate profit, so they are hit with corporate income tax and an individual income tax
1+1=2.
Yes, some deductions are loopholes and others are not. You are entitled to hold your own opinions. You are not entitled to your own facts
And the "free market" is just another rightwing fiction. It doesn't exist, and it never has
No, not necesarily
More dishonest fictions from a rightwinger
Dividends do not "represent corporate profit". Plenty of corps make plenty of profits without paying any dividends
Shareholders are not entitled to any profits
You seem to insinuate that I stated that revenue is profit. Please re-read my post and point it out.
What you feel has nothing to do with reality
You WILL NOT be allowed to slink away into your hidey hole and attempt to attack me in the hopes I forget your boast. Aint gonna work this time dude.
So again, are you lying about this so called definition of liberalism or can you quote the authoritative text you got it from?
loop hole is just a buzzword. all deductions are loopholes.
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