@earl-of-trumps saidDefunding the police does not mean abolishing the police or expecting them to work for nothing. It means not putting all your law and order eggs in the police basket. It means diversifying your allocation of funds and spending money on grass roots community projects to achieve the same goals meaning you’ll have to employ and pay less police in the long run.
@shavixmir Nobody wants to eliminate the police.
I see.
So when you DEFUND the police, we should expect the police to work for nothing.
Riiiiiiiiiiiight. I forgot I am dealing with entitled people that want FREE STUFF forever.
But if you believe that street level poverty and destitution is irrelevant to the crime figures you will never get it.
But it does work whether you believe it or not.
@kevcvs57 saidShav has had a rough few days, needs to take a walk on the beach
Defunding the police does not mean abolishing the police or expecting them to work for nothing. It means not putting all your law and order eggs in the police basket. It means diversifying your allocation of funds and spending money on grass roots community projects to achieve the same goals meaning you’ll have to employ and pay less police in the long run.
But if you belie ...[text shortened]... levant to the crime figures you will never get it.
But it does work whether you believe it or not.
@averagejoe1 saidYeah I was replying to earl, oh wow look at the size of that crab.
Shav has had a rough few days, needs to take a walk on the beach
@AverageJoe1
So you are ok with the republican platform screwing the little guy and bowing down to big corp.
So you are ok with the common man bearing the vast burden of taxes while big corps gets buy with ZERO taxes.
For you big corp is THE important entity in the world, common folks don't matter except how well they support the big corp.
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@sonhouse So you are ok with the common man bearing the vast burden of taxes while big corps gets buy with ZERO taxes.
You are such a bullshyte artist.
You didn't hear Trump say he wanted to eliminate income tax??? BS artist.
The only way ANY corp. gets out of taxes is if they have deductions on losses
they took or some other such reason.
If you're Soooooooooooo concerned about these tax evading corps. getting
away with theft, why don't you get your slack-jawed smellocrats to FIX THE LOOPHOLES.
I have been listening to crying liberals moan about loopholes in the tax laws
for a long long time. When are you brain-deads going to wake up and smell
the coffee??? The loopholes are *deliberate*, and with your democrat legislators' roaring approval.
@earl-of-trumps saidTrump's tax bill eliminated the deduction for State and local taxes for homeowners. A Fortune study estimated this cost homeowners about a $1 trillion in wealth. https://www.propublica.org/article/trumps-trillion-dollar-hit-to-homeowners
@sonhouse So you are ok with the common man bearing the vast burden of taxes while big corps gets buy with ZERO taxes.
You are such a bullshyte artist.
You didn't hear Trump say he wanted to eliminate income tax??? BS artist.
The only way ANY corp. gets out of taxes is if they have deductions on losses
they took or some other such reason.
If you'r ...[text shortened]...
the coffee??? The loopholes are *deliberate*, and with your democrat legislators' roaring approval.
And:
"According to the Tax Policy Center, the Treasury will get $620 billion of additional revenue over a 10-year period because people can’t deduct their full state and local taxes.
That, in turn, covers most of the 10-year, $680 billion cost of the income tax break that corporations are getting. So you can make a case that my friends and neighbors and co-workers in New York and New Jersey — and many of you all over the country — are paying more federal income tax in order to help corporations pay less federal income tax."
@no1marauder
Hot damm, man, I did not know that.
You, sonhouse, and the lib class must be positively ecstatic. Yippeee, higher taxes
@no1marauder saidCorps merely pass the additional corp tax on to the consumer. Marauder, you surely know that. So, please tell everyone here that you re a bit overboard to say Corps should pay more, because, in fact, the consumers end up paying the tax through more expensive goods, A few extra pennies for a can of soup can really add up.
Trump's tax bill eliminated the deduction for State and local taxes for homeowners. A Fortune study estimated this cost homeowners about a $1 trillion in wealth. https://www.propublica.org/article/trumps-trillion-dollar-hit-to-homeowners
And:
"According to the Tax Policy Center, the Treasury will get $620 billion of additional revenue over a 10-year period because p ...[text shortened]... try — are paying more federal income tax in order to help corporations pay less federal income tax."
And Earl is correct above, none of us are financial geniuses, and we have representatives (elected officials) to thresh this all out, and to vote for or against tax breaks for corps. That is just the way it is. But here go the liberals, thinking this should be a perfect world. It aint.
So, put one of your street posters (I hate streets) to good use and picket your congressmen to fix tax laws. But alas, if you get them to raise corp tax, I will have to pay more for my Amazon products.
@averagejoe1 saidThe taxes on corporations are on profits and study after study shows that the burden of the tax is mostly on shareholders. If this wasn't true, big businesses wouldn't spend billions lobbying to get it reduced or even eliminated.
Corps merely pass the additional corp tax on to the consumer. Marauder, you surely know that. So, please tell everyone here that you re a bit overboard to say Corps should pay more, because, in fact, the consumers end up paying the tax through more expensive goods, A few extra pennies for a can of soup can really add up.
And Earl is correct above, none of us are fin ...[text shortened]... x laws. But alas, if you get them to raise corp tax, I will have to pay more for my Amazon products.
And since 10% of shareholders own about 85% of stock, the tax incidence of a corporation tax falls mostly on the wealthy.
I suspect once Biden is elected and a Democratic Senate sworn in, there will be enormous pressure to raise the corporate tax back to pre-Trump levels esp. as business investment did not substantially rise as promised when the tax was cut.
@earl-of-trumps saidYes, liberals enthusiastically supported Trump's tax bill.
@no1marauder
Hot damm, man, I did not know that.
You, sonhouse, and the lib class must be positively ecstatic. Yippeee, higher taxes
@earl-of-trumps saidInstead of saying "man, what a crappy for thing for Repubs to do", you just continue to attack liberals?
@no1marauder
Hot damm, man, I did not know that.
You, sonhouse, and the lib class must be positively ecstatic. Yippeee, higher taxes
1 edit
@no1marauder saidMy fingers are tired on this, I am going to copy something for everyone.
Trump's tax bill eliminated the deduction for State and local taxes for homeowners. A Fortune study estimated this cost homeowners about a $1 trillion in wealth. https://www.propublica.org/article/trumps-trillion-dollar-hit-to-homeowners
And:
"According to the Tax Policy Center, the Treasury will get $620 billion of additional revenue over a 10-year period because p ...[text shortened]... try — are paying more federal income tax in order to help corporations pay less federal income tax."
Lower corp taxes increase rewards for improving techniques, technology and increasing capital investment , which increase worker productivity and earnings . They expand rewards for risk-taking and enterpreneurshipi in service of consumers. They reduce the substantial distortion caused by the tax. Trump's deal has not totally panned out, I'll admit,, but it is better than it was. All this is moot if Bernie wins, but if Trump does, I think the plan he had will come to fruition. Growth like this cannot happen over night.
OK, gotta run, want to see if Sonhouse has answered about whether Biden's will be the banana republic, or if that is the track that Trump is on. Seems he is saying the same thing about both of them. Most confusing. But then, this is the guy who says it is OK for a mother to kill a baby, but ......oh , never mind......
@no1marauder saidAnd here is a little factoid you're not telling us: Double taxation of income
The taxes on corporations are on profits and study after study shows that the burden of the tax is mostly on shareholders. If this wasn't true, big businesses wouldn't spend billions lobbying to get it reduced or even eliminated.
And since 10% of shareholders own about 85% of stock, the tax incidence of a corporation tax falls mostly on the wealthy.
I suspect once ...[text shortened]... rump levels esp. as business investment did not substantially rise as promised when the tax was cut.
Corporations get taxed on income and when the leftovers are issued to shareholders,
They are taxed *again*.
@earl-of-trumps saidThat's nonsense; corporations are a separate legal entity from shareholders - US law even considers them a "person" under the 14th Amendment.
And here is a little factoid you're not telling us: Double taxation of income
Corporations get taxed on income and when the leftovers are issued to shareholders,
They are taxed *again*.
And corporations get taxed on profits, not income. https://easieraccounting.com/difference-income-profit/#:~:text=Income%20is%20the%20top%2Dline%20revenue.&text=Income%20is%20commonly%20referred%20to,as%20well%20as%20the%20expenses.
A better deal than flesh and blood workers get.
@averagejoe1 saidEven after blowing up the Federal deficit by his huge tax cut and profligate spending, Trump's policies created no more growth than Obama's did in in his second term as I've already shown. That was before COVID.
My fingers are tired on this, I am going to copy something for everyone.
Lower corp taxes increase rewards for improving techniques, technology and increasing capital investment , which increase worker productivity and earnings . They expand rewards for risk-taking and enterpreneurshipi in service of consumers. They reduce the substantial distortion caused by the ta ...[text shortened]... then, this is the guy who says it is OK for a mother to kill a baby, but ......oh , never mind......
Now that his and Republican policies have allowed the pandemic to continue at a high rate of infection and death far longer than the policies adopted in sensible countries like Norway, New Zealand, South Korea and others, the economic damage will be prolonged much longer.