SeenItBefore

Jenison, MI

#149 Feb 12, 2013
Chip wrote:
<quoted text>
get rid of all corporate tax credits, make it illegal for government to "invest" in private industry and lower tax rates to 20%
Eliminate all subsidies. Eliminate all corporations to defer paying taxes on income from foreign subsidiaries. Make it illegal to "hide" all incomes and profits in offshore tax havens. Criminalize flawed transferred pricing schemes. Any corporation not performing 80% of their business within U.S. borders loses their U.S. incorporation. All foreign corporations doing business within U.S. borders being subject to U.S. tax codes. All categories of multinational corporations doing business within U.S. borders must be subject to all U.S. tax codes. The tax rate of all corporations must be no less than the highest tax rate than that of a private citizen.
After all according to the Supreme Court of the United States corporations are persons.
Reform U.S. Commerce law to eliminate tax competition among the states.
Penalizing the CEO(s) of any corporation found to be in violation with no less than 25 years in prison and a fine of 10x their highest yearly salary at the time the violation occurred. With a fine to the corporation of 10x their gross income made in the year the violation occurred. At the time the violation occurred. Not at the time the violation was discovered and/or prosecuted and/or found to be guilty. With no statute of limitation on tax evasion from the time the tax code is reformed.
Really

Berrien Springs, MI

#150 Feb 13, 2013
pipedream wrote:
<quoted text>
If boy accountant did in fact 'write' a thesis, which I doubt he did, I do believe it was written on a roll of toilet paper. Easier to flush. Anyone who would spout off on Topix that he's written a thesis, has a CPA, MBA etc., usually is lying.
Careful there pipedream, SIB has "spouted off" about a lot of education and professions she has been in as well. Is she lying as well? Or do you in your koolaide induced haze believe only Republicans/Conservatives lie?
Really

Berrien Springs, MI

#151 Feb 13, 2013
SeenItBefore wrote:
<quoted text>
Eliminate all subsidies. Eliminate all corporations to defer paying taxes on income from foreign subsidiaries. Make it illegal to "hide" all incomes and profits in offshore tax havens. Criminalize flawed transferred pricing schemes. Any corporation not performing 80% of their business within U.S. borders loses their U.S. incorporation. All foreign corporations doing business within U.S. borders being subject to U.S. tax codes. All categories of multinational corporations doing business within U.S. borders must be subject to all U.S. tax codes. The tax rate of all corporations must be no less than the highest tax rate than that of a private citizen.
After all according to the Supreme Court of the United States corporations are persons.
Reform U.S. Commerce law to eliminate tax competition among the states.
Penalizing the CEO(s) of any corporation found to be in violation with no less than 25 years in prison and a fine of 10x their highest yearly salary at the time the violation occurred. With a fine to the corporation of 10x their gross income made in the year the violation occurred. At the time the violation occurred. Not at the time the violation was discovered and/or prosecuted and/or found to be guilty. With no statute of limitation on tax evasion from the time the tax code is reformed.
Love it! Let's do it! Oh wait, have you done an impact study on these changes? I'm guessing not. Of course, it accomplishes what you want...it penalizes those evil businesses, even the foreign ones from the countries you want us to resemble! Cool!
Chip

Madison, WI

#152 Feb 13, 2013
SeenItBefore wrote:
<quoted text>
Eliminate all subsidies. Eliminate all corporations to defer paying taxes on income from foreign subsidiaries. Make it illegal to "hide" all incomes and profits in offshore tax havens. Criminalize flawed transferred pricing schemes. Any corporation not performing 80% of their business within U.S. borders loses their U.S. incorporation. All foreign corporations doing business within U.S. borders being subject to U.S. tax codes. All categories of multinational corporations doing business within U.S. borders must be subject to all U.S. tax codes. The tax rate of all corporations must be no less than the highest tax rate than that of a private citizen.
After all according to the Supreme Court of the United States corporations are persons.
Reform U.S. Commerce law to eliminate tax competition among the states.
Penalizing the CEO(s) of any corporation found to be in violation with no less than 25 years in prison and a fine of 10x their highest yearly salary at the time the violation occurred. With a fine to the corporation of 10x their gross income made in the year the violation occurred. At the time the violation occurred. Not at the time the violation was discovered and/or prosecuted and/or found to be guilty. With no statute of limitation on tax evasion from the time the tax code is reformed.
This is precisely where you liberals simply don't get it. If a company has a foriegn subsidiary that produces and sells products in other countries the U.S. has no right to tax the income derived from this until that money is transferred to the U.S. It is no different than Toyota paying taxes on profits made in the U.S., and not paying taxes on profits made outside our country. Implementing a law that says they have to pay taxes on business that is done outside our borders simply insures that U.S. companies will never compete on a global scale and millions of jobs will be lost.

You propose we basically close our borders and force companies to only operate here, just like when Russia closed their borders and the economy collapsed.

Under your proposed brain dead scheme foreign companies would not be allowed to do business in the US. You think Toyota is incorporated in the U.S., the answer is YES the have to by law to do business here, yet you would just like to throw those jobs away. I'm sure the 35,000 U.S. employees would appreciate that.
Chip

Madison, WI

#153 Feb 13, 2013
pipedream wrote:
<quoted text>
I'm suppose to disregard 12.1% as the effect tax rate and believe its a number that resulted from another another conspiracy ... and believe you? lol
The number includes global income. expecting corporations to pay taxes on global income vs. US income simply destroys our economy.
Chip

Madison, WI

#154 Feb 13, 2013
Chip wrote:
<quoted text>
This is precisely where you liberals simply don't get it. If a company has a foriegn subsidiary that produces and sells products in other countries the U.S. has no right to tax the income derived from this until that money is transferred to the U.S. It is no different than Toyota paying taxes on profits made in the U.S., and not paying taxes on profits made outside our country. Implementing a law that says they have to pay taxes on business that is done outside our borders simply insures that U.S. companies will never compete on a global scale and millions of jobs will be lost.
You propose we basically close our borders and force companies to only operate here, just like when Russia closed their borders and the economy collapsed.
Under your proposed brain dead scheme foreign companies would not be allowed to do business in the US. You think Toyota is incorporated in the U.S., the answer is YES the have to by law to do business here, yet you would just like to throw those jobs away. I'm sure the 35,000 U.S. employees would appreciate that.
BTW I wouldn't disagree that there needs to be changes in how companies allocate foreign vs. domestic income.
SeenItBefore

Jenison, MI

#155 Feb 13, 2013
Really wrote:
<quoted text>Careful there pipedream, SIB has "spouted off" about a lot of education and professions she has been in as well. Is she lying as well? Or do you in your koolaide induced haze believe only Republicans/Conservatives lie?
So do tell what education and professions I have spouted off about. What is my level of education and what are/have been my professions? If I have named them you must be able to remember them.

You lack the cognition that one need not necessarily have a specified "education" or be involved in specific professions to be more knowledgeable of the issues than others. You are fixated on the notion that only the officially educated and/or professionals can be highly knowledgeable. Some levels of education and professions can be closely linked with other levels of education and/or professions without being specifically involved in them.

You have never seen me call anyone a liar for not actually being in the profession or having the official education they espouse. Though I can usually figure out if they are being actual or faking it.

You are locked up in the ole' American notion that actual knowledge must be directly connected to a specific official education level and profession.

I'll help you out here. I know a great deal about politics, and it's processes. I have been involved in politics to have an extensive knowledge of it while never having been educated in it and have never been a politician.
SeenItBefore

Jenison, MI

#157 Feb 13, 2013
Chip wrote:
<quoted text>
This is precisely where you liberals simply don't get it. If a company has a foriegn subsidiary that produces and sells products in other countries the U.S. has no right to tax the income derived from this until that money is transferred to the U.S. It is no different than Toyota paying taxes on profits made in the U.S., and not paying taxes on profits made outside our country. Implementing a law that says they have to pay taxes on business that is done outside our borders simply insures that U.S. companies will never compete on a global scale and millions of jobs will be lost.
You propose we basically close our borders and force companies to only operate here, just like when Russia closed their borders and the economy collapsed.
Under your proposed brain dead scheme foreign companies would not be allowed to do business in the US. You think Toyota is incorporated in the U.S., the answer is YES the have to by law to do business here, yet you would just like to throw those jobs away. I'm sure the 35,000 U.S. employees would appreciate that.
Where did I say a corporation should be taxed in the U.S. for the income made in foreign countries? I didn't. You only presume I did. And that puts your proclamation of a CPA and MBA at question. But I don't question the BS.

I never even said we needed to close off our borders. Never said foreign companies couldn't do business in the U.S. Just said they would have to be subject to U.S. tax codes as reformed while doing it.

For someone with the education you say, you have a comprehension problem. Probably why you are so easily swayed by the conservative talking heads.
Batch 37 Pain Is Good

Plymouth, MI

#158 Feb 13, 2013
Was this the greatest plan???????
Chip

Madison, WI

#159 Feb 13, 2013
SeenItBefore wrote:
<quoted text>
Where did I say a corporation should be taxed in the U.S. for the income made in foreign countries? I didn't. You only presume I did. And that puts your proclamation of a CPA and MBA at question. But I don't question the BS.
I never even said we needed to close off our borders. Never said foreign companies couldn't do business in the U.S. Just said they would have to be subject to U.S. tax codes as reformed while doing it.
For someone with the education you say, you have a comprehension problem. Probably why you are so easily swayed by the conservative talking heads.
Read your post again you lying SOB.

"Eliminate all corporations to defer paying taxes on income from foreign subsidiaries." Make it illegal to "hide" all incomes and profits in offshore tax havens. Criminalize flawed transferred pricing schemes. Any corporation not performing 80% of their business within U.S. borders loses their U.S. incorporation"
SeenItBefore

Jenison, MI

#160 Feb 13, 2013
Chip wrote:
<quoted text>
Read your post again you lying SOB.
"Eliminate all corporations to defer paying taxes on income from foreign subsidiaries." Make it illegal to "hide" all incomes and profits in offshore tax havens. Criminalize flawed transferred pricing schemes. Any corporation not performing 80% of their business within U.S. borders loses their U.S. incorporation"
Don't blame me for your lack of comprehension abilities. I even gave you the opportunity to understand by posting that link I did and you refused to read it. Though you probably wouldn't understand it not that I see your response.

It's obvious I need to be far more precise in my explanations to you for you to get it. I'll take that just so far.

Toyota being "incorporated" in the U.S., as well as Japan, must do 80% of their U.S. business in the U.S. Not use the U.S. incorporation to reduce the costs of the cars they will ship to and sell in Japan while getting the U.S. tax advantages they may not have in Japan.

What you don't seem to understand is that while another country may have a lower base tax rate, for the most part the U.S. has lower effective tax rates than most other countries. Do you understand the difference between base tax rates and effective tax rates?

Keep going. You only prove to continue be putting your "proclaimed" education level in question.
Chip

Madison, WI

#161 Feb 13, 2013
SeenItBefore wrote:
<quoted text>
Don't blame me for your lack of comprehension abilities. I even gave you the opportunity to understand by posting that link I did and you refused to read it. Though you probably wouldn't understand it not that I see your response.
It's obvious I need to be far more precise in my explanations to you for you to get it. I'll take that just so far.
Toyota being "incorporated" in the U.S., as well as Japan, must do 80% of their U.S. business in the U.S. Not use the U.S. incorporation to reduce the costs of the cars they will ship to and sell in Japan while getting the U.S. tax advantages they may not have in Japan.
What you don't seem to understand is that while another country may have a lower base tax rate, for the most part the U.S. has lower effective tax rates than most other countries. Do you understand the difference between base tax rates and effective tax rates?
Keep going. You only prove to continue be putting your "proclaimed" education level in question.
Why don't you understand that those who calculate effective tax rates use global income and not US income, therefore manipulating the numbers to suite their argument.

You want U.S. companies to have 80% of their business done in the US, and you lack the brain power to see that this is simply another way of closing our borders which has proven to fail in every economy throughout history.
Chip

Madison, WI

#162 Feb 13, 2013
Seenitnever wrote:
<quoted text>
"Eliminate all corporations to defer paying taxes on income from foreign subsidiaries."
I'm sorry if I took this that you meant that U.S. corporations would have to pay taxes on profits from foreign subsidiaries. It's just so confusing when I interpret things exactly how you type them you moron.
Seenitnever wrote:
<quoted text>
Any corporation not performing 80% of their business within U.S. borders loses their U.S. incorporation"
I'm sorry if I took this that you think corporations should have 80% of their business here. Again its is exactly what you said but I must be the idiot who should interpret them exactly how you see fit in later arguments.
SeenItBefore

Jenison, MI

#164 Feb 13, 2013
You don't understand that, in example, Halliburton was a U.S. company; on the verge of bankruptcy, when Cheney through Bush contracted with them for the war in Iraq. They became one of the worlds largest companies and then moved their corporate headquarters to Dubai yet they are still a U.S. incorporated corporation? Therefore in affect they are not doing their business in the U.S. but with the U.S. not being subject to the U.S. tax code.

I'm not in the process of writing the laws here. To present possible solutions is different from promulgating them as the solution.

For your needs to make everyone else seem the fool there is no point in any further discussion.

Welcome to the right-wing of Congress.
Batch 37 Pain Is Good

Oxford, MI

#165 Feb 13, 2013
Chip wrote:
<quoted text>
Why don't you understand that those who calculate effective tax rates use global income and not US income, therefore manipulating the numbers to suite their argument.
You want U.S. companies to have 80% of their business done in the US, and you lack the brain power to see that this is simply another way of closing our borders which has proven to fail in every economy throughout history.
Brother, SIB has no skin in the game. His point of view is pointless....
pipedream

Flint, MI

#166 Feb 13, 2013
Chip wrote:
<quoted text>
The number includes global income. expecting corporations to pay taxes on global income vs. US income simply destroys our economy.
Hahah includes global income huh? About the only place you'll find your right wing spin accounting is in something that comes out of the Cato institute, a Koch brother think tank. That's where you read it right?
Batch 37 Pain Is Good

Oxford, MI

#167 Feb 13, 2013
SeenItBefore wrote:
You don't understand that, in example, Halliburton was a U.S. company; on the verge of bankruptcy, when Cheney through Bush contracted with them for the war in Iraq. They became one of the worlds largest companies and then moved their corporate headquarters to Dubai yet they are still a U.S. incorporated corporation? Therefore in affect they are not doing their business in the U.S. but with the U.S. not being subject to the U.S. tax code.
I'm not in the process of writing the laws here. To present possible solutions is different from promulgating them as the solution.
For your needs to make everyone else seem the fool there is no point in any further discussion.
Welcome to the right-wing of Congress.
Did you get a paycheck from Halliburton? Then Shut Up...... Still no skin in the game.....
Batch 37 Pain Is Good

Oxford, MI

#169 Feb 13, 2013
pipedream wrote:
<quoted text>
Hahah includes global income huh? About the only place you'll find your right wing spin accounting is in something that comes out of the Cato institute, a Koch brother think tank. That's where you read it right?
Union loving,self pleasuring puke...... Start your own business and pay all those punitive costs to the govt......
pipedream

Flint, MI

#170 Feb 13, 2013
Batch 37 Pain Is Good wrote:
<quoted text>Union loving,self pleasuring puke...... Start your own business and pay all those punitive costs to the govt......
That internet business not working out too good for you?
pipedream

Flint, MI

#171 Feb 13, 2013
Typical right wing teabagger considers taxes punitive. Bet you don't mind all those credits and deductions though do you, you POS.

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