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Post by privateinvestor on Mar 29, 2011 14:06:23 GMT -5
[quote author=deminmaine board=politics thread=5416 post=219602 time=1301397972]Actually, I was referring to individuals P.I. [/quote][/color] Yes, to a point. There is a maximum amount that one can apply to offset income in any one tax year period. I can't remember exactly what it is, but it's waaay less than 14B.
Ok Deminmaine...when I saw 14B I assumed you were refering to corporations Demi and NOT about individual tax payers who can only deduct a maximum of $3,000.00 per year in capital losses..
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Post by privateinvestor on Mar 29, 2011 14:08:58 GMT -5
Heh. It rarely pays to try to tell someone else to what they're referring. ;D Not only that we are also required by you who always wants links ad nauseum and then often doesn't like the links.. One minor nit though that I noticed is Deminmaine doesn't post his name and rank here after each message re: Deminmaine/Moderator.. Must be a Maine Thing...independent and old Yankee who do it their way..and if not why not?? As they say down Maine..
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Post by Savoir Faire-Demogague in NJ on Mar 29, 2011 14:11:50 GMT -5
Ok Deminmaine...when I saw 14B I assumed you were refering to corporations Demi and NOT about individual tax payers who can only deduct a maximum of $3,000.00 per year in capital losses..
Dem does not understand that GE files consolidated tax returns. I would not expect him to know this even though I specifically noted it in an earlier post.
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Deleted
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Post by Deleted on Mar 29, 2011 14:12:34 GMT -5
Now as far as taxes: Taxes increase the amount that a company must pay to produce & sell their product. (common sense). Say 2 companies make the same product & one pays taxes & the other one doesn't. Obviously the one that doesn't pay taxes can sell it cheaper & will dominate the market over the other company. A simples example of this happened in the steel industry years ago. The Japanese government supplemented (gave them money & tax breaks) the steel industry in their country. Because of that the Japanese were able to sell their steel cheaper than Americans could & out steel industry wasn't able to compete in the world market (shutting down our steel mills & putting a lot of workers out of work). Apply that to ANY business & higher taxes make our companies not competitive in the world markets (very high pay & a lot of extra benefits does the same thing). Thus we are not able to sell our products (businesses close & workers are out of work). Just raising taxes continually just doesn't work. Same thing for just raising taxes on American workers (only on the other end). They pay more taxes & then can't buy as much. Companies produce less, don't need as many workers, & the end result is a high unemployment rate. This is simple stuff & if you can add 1 + 2 & get 3 then everyone should get it.
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Post by privateinvestor on Mar 29, 2011 14:14:02 GMT -5
Ok Deminmaine...when I saw 14B I assumed you were refering to corporations Demi and NOT about individual tax payers who can only deduct a maximum of $3,000.00 per year in capital losses.. Dem does not understand that GE files consolidated tax returns. I would not expect him to know this even though I specifically noted it in an earlier post. GE also paid foreign taxes that are deductable on their Federal Returns which must be horrendus for the IRS to audit..
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Post by Savoir Faire-Demogague in NJ on Mar 29, 2011 14:16:09 GMT -5
GE also paid foreign taxes that are deductable on their Federal Returns which must be horrendus for the IRS to audit..
All large corporations are audited by the IRS each year. In fact, for very large companies such as GE, it would be routine for the local IRS office to have an office and desks for IRS field agents right in GE's facilities. This is my understanding.
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Post by privateinvestor on Mar 29, 2011 14:22:22 GMT -5
GE also paid foreign taxes that are deductable on their Federal Returns which must be horrendus for the IRS to audit.. All large corporations are audited by the IRS each year. In fact, for very large companies such as GE, it would be routine for the local IRS office to have an office and desks for IRS field agents right in GE's facilities. This is my understanding. Being audited is one huge pain IMHO..and just got a notice again from the IRS.. but to not respond for 45 days until they finish all their research...it is the schedule payments interest and penalty charges that I will never understand..
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Mar 29, 2011 14:36:05 GMT -5
So you admit, then, that these corporations are behaving in a greedy, unethical manner by doing this, yes? It's the equivalent of passing a debt on to someone else. It's not as though these corporations can't afford a tax increase. They just don't want to see their profit margins shrink. It's just become a game of hoarding. I admit to nothing except the ability to do math. Corporations pass ALL their costs on to consumers. Corporations are just a big conspiracy to give you what you want in exchange for money. They don't do it to "provide jobs", they don't do it just to be nice people. They do it for money. When government takes money from them, they are not obligated to bear the burden. You vote to tax 'em, you're voting to pay more for the things you want.
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floridayankee
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Post by floridayankee on Mar 29, 2011 15:16:18 GMT -5
You vote to tax 'em, you're voting to pay more for the things you want. It's pretty scary that you even have to explain that the goal of a for-profit company is to actually make a profit.
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verrip1
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Post by verrip1 on Mar 29, 2011 15:32:15 GMT -5
You vote to tax 'em, you're voting to pay more for the things you want. It's pretty scary that you even have to explain that the goal of a for-profit company is to actually make a profit. Not with today's libs around. They think that companies are social experiments who are reluctantly permitted to exist, and that only with the grace of government.
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EVT1
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Post by EVT1 on Mar 29, 2011 15:40:06 GMT -5
Now as far as taxes: Taxes increase the amount that a company must pay to produce & sell their product. (common sense). Say 2 companies make the same product & one pays taxes & the other one doesn't. Obviously the one that doesn't pay taxes can sell it cheaper & will dominate the market over the other company. I was thinking the same could be said for health care- I don't understand why US businesses (other than insurers/pharma/hospital corps/etc.) would be against a single payer system- after all they have to compete with companies in other countries where health care is not a burden on employers- especially for the retirees. I would love to see a cost comparison between, say, a US auto plant vs. a Canadian one vs. a Mexican one. I know Ford has plants in all of them.
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Post by ed1066 on Mar 29, 2011 17:25:18 GMT -5
If you really want to compare, start by comparing the cost of labor in those countries, not health care. Believe me, they don't have unionized welders making $90,000 a year working 7 hours a day in Mexico...and they don't have "shop foremen" who stand around all day doing nothing, drawing a salary plus benefits, while making sure management isn't "exploiting" the workers...
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