ExiledInIllinois Posted April 11, 2010 Posted April 11, 2010 To make your point that corporate profits don't create jobs, you link to a definition of trickle down economics at a site run by a group who actively promotes Obama's trickle up poverty vision. The only thing missing from that website was the Youtube video of Bill Nye explaining how America would be a better place if only Morelly was in charge. Someone should explain to that group that most people's economic standing in this world is their responsibility, not the responsibility of the rich. You can't MAKE life fair, no matter how hard you try and take from those who have succeeded. But at least I get a better understanding of your economic take on this world. Is this post irony? I am not the one whining about taxes.
Magox Posted April 11, 2010 Posted April 11, 2010 Mightily predictable. Perhaps you didn't need me to point out that the crux of the debate is not whether progressive taxation is fair or not, it's your contention, "I fully expect to take care of it. I pay and gladly... So should you." when I pointed out that you're so cavalier about the issue because someone else will pay for it. So in your justification that you fully expect to take care of it, you also expect others to take care of it at more than three times your relative contribution. Aren't we mightily cavalier with other people's money? Yes, there's an attachment to it, because people enjoy their jobs and everything that comes with them and not just looking at the clock the moment they arrive on the job. These people also are entitled to bear the fruits of that labor, to the detriment of the parasites that live off the system. And to save you the trouble, not every govrenment worker or a union worker is a worthless lazy slob. There are many caring hardworking people across every profession. But when you create an ecosystem where parasites can thrive, that ecosystem will naturally attract more parasites. Well said GG
ExiledInIllinois Posted April 11, 2010 Posted April 11, 2010 But when you create an ecosystem where parasites can thrive, that ecosystem will naturally attract more parasites. Predictable that you got this one right. Oh well.
keepthefaith Posted April 12, 2010 Posted April 12, 2010 Gladly, when I earn in that bracket. That is the beauty of a progressive tax system. The ability to pay. 330k out of 1 million is different that 10k out of 30k. For the millionaire, there is no hardship and struggle to sustain life. They have the ability to pay the most with the least amount of pain, they carry the load. Now you probably think I am being hypocritical. What gets me in the red state-blue state is that the states that have the ability to pay (and the natural resources) aren't paying a fair share. Quite the opposite of the above. Again.. There is no equality here and righty so. I don't understand why you think things should be equal? I may see your point if the rich were being asked to spend more for a loaf of bread or a gallon of gas. That they are not. Stop trying to make things equal with regard to money. I think you'd find that many of the people who are in the upper tax brackets are concerned more about how the money they pay in taxes is being spent and that deficit spending threatens them with even higher rates of taxation. If you do a little research, you'll find that tax decreases on upper wage earners have been followed by higher tax revenues for the government, so history says that your party will have more money to fund all the "special" programs if they don't raise taxes on the rich.
BillsFan-4-Ever Posted April 14, 2010 Posted April 14, 2010 Did I hear that Glenn Beck said that anyone that doesn't pay Federal Income taxes should fight in our wars in Afghanastan and Iraq? Go grampa and gramma - Fight for the good old US of A On the subject of paying Taxes.... Exxon Mobile paid Federal Taxes to the sum of .................... ZERO dollars. Last week, Forbes magazine published what the top U.S. corporations paid in taxes last year. Most egregious, Forbes notes, is General Electric, which generated $10.3 billion in pretax income, but ended up owing nothing to the IRS. In fact, it recorded a tax benefit of $1.1 billion. Big Oil giant Exxon Mobil, which last year reported a record $45.2 billion profit, paid the most taxes of any corporation, but none of it went to the IRS: Exxon tries to limit the tax pain with the help of 20 wholly owned subsidiaries domiciled in the Bahamas, Bermuda and the Cayman Islands that (legally) shelter the cash flow from operations in the likes of Angola, Azerbaijan and Abu Dhabi. No wonder that of $15 billion in income taxes last year, Exxon paid none of it to Uncle Sam, and has tens of billions in earnings permanently reinvested overseas.
IDBillzFan Posted April 14, 2010 Posted April 14, 2010 Last week, Forbes magazine published what the top U.S. corporations paid in taxes last year. Most egregious, Forbes notes, is General Electric, which generated $10.3 billion in pretax income, but ended up owing nothing to the IRS. Man, it must be great to be Jeffrey Immelt, huh?
Magox Posted April 14, 2010 Posted April 14, 2010 Man, it must be great to be Jeffrey Immelt, huh? He doesn't count
meazza Posted April 14, 2010 Posted April 14, 2010 Did I hear that Glenn Beck said that anyone that doesn't pay Federal Income taxes should fight in our wars in Afghanastan and Iraq? Go grampa and gramma - Fight for the good old US of A On the subject of paying Taxes.... Exxon Mobile paid Federal Taxes to the sum of .................... ZERO dollars. Last week, Forbes magazine published what the top U.S. corporations paid in taxes last year. Most egregious, Forbes notes, is General Electric, which generated $10.3 billion in pretax income, but ended up owing nothing to the IRS. In fact, it recorded a tax benefit of $1.1 billion. Big Oil giant Exxon Mobil, which last year reported a record $45.2 billion profit, paid the most taxes of any corporation, but none of it went to the IRS: Exxon tries to limit the tax pain with the help of 20 wholly owned subsidiaries domiciled in the Bahamas, Bermuda and the Cayman Islands that (legally) shelter the cash flow from operations in the likes of Angola, Azerbaijan and Abu Dhabi. No wonder that of $15 billion in income taxes last year, Exxon paid none of it to Uncle Sam, and has tens of billions in earnings permanently reinvested overseas. And who's fault is that?
DC Tom Posted April 14, 2010 Posted April 14, 2010 Did I hear that Glenn Beck said that anyone that doesn't pay Federal Income taxes should fight in our wars in Afghanastan and Iraq? Go grampa and gramma - Fight for the good old US of A On the subject of paying Taxes.... Exxon Mobile paid Federal Taxes to the sum of .................... ZERO dollars. Last week, Forbes magazine published what the top U.S. corporations paid in taxes last year. Most egregious, Forbes notes, is General Electric, which generated $10.3 billion in pretax income, but ended up owing nothing to the IRS. In fact, it recorded a tax benefit of $1.1 billion. Big Oil giant Exxon Mobil, which last year reported a record $45.2 billion profit, paid the most taxes of any corporation, but none of it went to the IRS: Exxon tries to limit the tax pain with the help of 20 wholly owned subsidiaries domiciled in the Bahamas, Bermuda and the Cayman Islands that (legally) shelter the cash flow from operations in the likes of Angola, Azerbaijan and Abu Dhabi. No wonder that of $15 billion in income taxes last year, Exxon paid none of it to Uncle Sam, and has tens of billions in earnings permanently reinvested overseas. Exxon did pay almost seven billion in sales tax, though. And earned the vast majority of their earnings in the overseas markets in which they paid sales tax. And did pay an effective tax rate of nearly 50%. But they're not taxed nearly enough, though.
KD in CA Posted April 14, 2010 Author Posted April 14, 2010 Last week, Forbes magazine published what the top U.S. corporations paid in taxes last year. Most egregious, Forbes notes, is General Electric, which generated $10.3 billion in pretax income, but ended up owing nothing to the IRS. Sorry, we debunked that myth earlier in the thread, although GE did benefit significantly from specific taxes rules that Congress choose to extend for 2009 and 2010. Feel free to comment on why you think the current leadership in Congress choose to do that.
Chef Jim Posted April 14, 2010 Posted April 14, 2010 Did I hear that Glenn Beck said that anyone that doesn't pay Federal Income taxes should fight in our wars in Afghanastan and Iraq? Go grampa and gramma - Fight for the good old US of A On the subject of paying Taxes.... Exxon Mobile paid Federal Taxes to the sum of .................... ZERO dollars. Last week, Forbes magazine published what the top U.S. corporations paid in taxes last year. Most egregious, Forbes notes, is General Electric, which generated $10.3 billion in pretax income, but ended up owing nothing to the IRS. In fact, it recorded a tax benefit of $1.1 billion. Big Oil giant Exxon Mobil, which last year reported a record $45.2 billion profit, paid the most taxes of any corporation, but none of it went to the IRS: Exxon tries to limit the tax pain with the help of 20 wholly owned subsidiaries domiciled in the Bahamas, Bermuda and the Cayman Islands that (legally) shelter the cash flow from operations in the likes of Angola, Azerbaijan and Abu Dhabi. No wonder that of $15 billion in income taxes last year, Exxon paid none of it to Uncle Sam, and has tens of billions in earnings permanently reinvested overseas. What the hell does this have to do with anything. There a plenty of grandmas and grandpas paying shitloads in taxes.
Booster4324 Posted April 14, 2010 Posted April 14, 2010 Exxon did pay almost seven billion in sales tax, though. And earned the vast majority of their earnings in the overseas markets in which they paid sales tax. And did pay an effective tax rate of nearly 50%. But they're not taxed nearly enough, though. But that is not income taxes, we are strictly talking income tax, not any other taxes. Or that seems to be what I heard somewhere
finknottle Posted April 14, 2010 Posted April 14, 2010 Last week, Forbes magazine published what the top U.S. corporations paid in taxes last year. Most egregious, Forbes notes, is General Electric, which generated $10.3 billion in pretax income, but ended up owing nothing to the IRS. Remind me which president GE is in bed with? I bought energy stocks under Bush, and windmill stocks under Obama. I guess I should be punished for being a savy investor instead of, say, buying a house I couldn't afford.
DC Tom Posted April 14, 2010 Posted April 14, 2010 and windmill stocks under Obama. Do those go up as people tilt at them?
drnykterstein Posted April 15, 2010 Posted April 15, 2010 More people saying Exxon payed $0 in taxes to the USA http://motherjones.com/mojo/2010/04/exxon-...electric-forbes
Magox Posted April 15, 2010 Posted April 15, 2010 More people saying Exxon payed $0 in taxes to the USAhttp://motherjones.com/mojo/2010/04/exxon-...electric-forbes All you have to do is look at the top of that link to get a pretty good idea of what that site is all about.
drnykterstein Posted April 15, 2010 Posted April 15, 2010 All you have to do is look at the top of that link to get a pretty good idea of what that site is all about. I think it's equally as outrageous as the 47% of the population not paying taxes. You however, are great at being selectively angry as long as it suites your political goals.
Chef Jim Posted April 15, 2010 Posted April 15, 2010 More people saying Exxon payed $0 in taxes to the USAhttp://motherjones.com/mojo/2010/04/exxon-...electric-forbes Good for them.
Magox Posted April 15, 2010 Posted April 15, 2010 You however, are great at being selectively angry as long as it suites your political goals. Listening to talking points much today?
drnykterstein Posted April 15, 2010 Posted April 15, 2010 Listening to talking points much today? No? I've been working all day. Why what are you alluding to? Glad to see Chef Jim is openly admitting he's a troll now.
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