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Could we attach a short-term fix to long-term reform?

Full story: TwinCities.com

Here's a crazy idea. Let's cut business taxes and modernize our tax structure as a way out of our state's budget mess.

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Lewis Sinclair

Minneapolis, MN

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Judge it!
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#1
May 14, 2009
 

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I have an even crazier idea: let's eliminate taxes altogether. We'll just have fees. Kind of "pay as you go". Being assaulted and robbed? The police would be trained to accept cash or credit card (no checks!) and you should have proper ID. House on fire? Again, cash or credit card. You decided to have children and want the little darlings educated? Once again, pay your fair share, "parent".

"We don't have the magic key." You boys are being really modest this morning.
BoredByLiars

Saint Paul, MN

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#2
May 14, 2009
 

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www.gao.gov/new.items/d08950.pdf
GAO wrote:
Statutory tax rates do not provide a complete measure of the burden that a tax system imposes on business income because many other aspects of the system, such as exemptions, deferrals, tax credits, and other forms of incentives, also determine the amount of tax a business ultimately pays on its income.
...[t]he average U.S. effective tax rate on the domestic income of large corporations with positive domestic income in 2004 was an estimated 25.2 percent.
Never let facts get in the way of your opinions.
MN Patriot

Minneapolis, MN

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#3
May 14, 2009
 

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Let's secure the ports/borders. Deny illegal aliens benfits to education, healthcare, social services, public housing and legal services.

That will save us $330Billion annually until we can come up with comprehensive immigration enforcement.
Natasha Badanaff
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#4
May 14, 2009
 

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If you want to drop the tax rate, could we drop the obscene pay packages and stock options for the CEO's that don't have it tied to performance?
Andy

Saint Paul, MN

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#5
May 14, 2009
 

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Natasha Badanaff wrote:
If you want to drop the tax rate, could we drop the obscene pay packages and stock options for the CEO's that don't have it tied to performance?
Who the F are you to define a private or publically traded business's salary packages?

Barack...is that you?
Porkulus

Omaha, NE

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#6
May 14, 2009
 

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think the next leg down into the depression is inevitable.
We have:
Rising energy and food prices
Rising unemployment
Falling wages
Falling asset prices (housing, big boy toys, and again soon stocks and bonds)
Rising taxes
Rising regulation and central control
Potential for Treasury auction failure - loss of US AAA rating, collapse of dollar
BoredByLiars

Saint Paul, MN

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#7
May 14, 2009
 

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MN Patriot wrote:
Let's secure the ports/borders. Deny illegal aliens benfits to education, healthcare, social services, public housing and legal services.
That will save us $330Billion annually until we can come up with comprehensive immigration enforcement.
Perhaps you could just capture them all to sell as slaves. That would raise some money for a bigger wall.
Natasha Badanaff
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#8
May 14, 2009
 
Andy wrote:
<quoted text>
Who the F are you to define a private or publically traded business's salary packages?
Barack...is that you?
Hey, read the news. Lots of CEO's that drove their companies into the ground, took obscene salaries and perks. Have boards loaded with like minded slime. I'm not saying some CEO's aren't entitled, but we've seen plenty of pigs at the trough. Even you can't be that dimwitted. Then again, you probably are.
Andy

United States

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#9
May 15, 2009
 
Natasha Badanaff wrote:
<quoted text>
Hey, read the news. Lots of CEO's that drove their companies into the ground, took obscene salaries and perks. Have boards loaded with like minded slime. I'm not saying some CEO's aren't entitled, but we've seen plenty of pigs at the trough. Even you can't be that dimwitted. Then again, you probably are.
Move to France beyotch.
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