@no1marauder saidWhen i see these posts, and similar, i always wonder what you would suggest to change or improve the scenario at hand. Respectfully, i mean under out present society (eg, capitalism). If you suggest changing our economic system, like feufilism, yenism, Socialism, communism, koreanism, whatever, there is no discussion i guess. Any mature answers out there. Of couree, youll have to have a degree in economics.
That's nonsense; corporations are a separate legal entity from shareholders - US law even considers them a "person" under the 14th Amendment.
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 saidSimple; corporations shouldn't be taxed at a lower rate than individuals.
When i see these posts, and similar, i always wonder what you would suggest to change or improve the scenario at hand. Respectfully, i mean under out present society (eg, capitalism). If you suggest changing our economic system, like feufilism, yenism, Socialism, communism, koreanism, whatever, there is no discussion i guess. Any mature answers out there. Of couree, youll have to have a degree in economics.
@no1marauder saidI understand they only get taxed on profit, as it should be.
That's nonsense; corporations are a separate legal entity from shareholders - US law even considers them a "person" under the 14th Amendment.
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.
You can't tax them on income if that income has to pay for labor and materials,
especially if the corp. loses big money. How could they pay if they lost money?
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Double Taxation in Corporations (S Corp and C Corp) The principle of Taxation affects the C corporations where business profits are taxed both at corporate and personal levels. Double taxation in corporations must pay income tax at a corporate rate even before distributing the profits to the shareholders. Thus the corporate profits are taxed twice. Oct 18 201
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What I tell ya
@earl-of-trumps saidI'm perfectly aware that business and conservative groups claim that a corporate tax is "double taxation". They are wrong for the reason I already explained.
I understand they only get taxed on profit, as it should be.
You can't tax them on income if that income has to pay for labor and materials,
especially if the corp. loses big money. How could they pay if they lost money?
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Double Taxation in Corporations (S Corp and C Corp) The principle of Taxation affects the C corporations where busines ...[text shortened]... he shareholders. Thus the corporate profits are taxed twice. Oct 18 201
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What I tell ya
Shareholders are not held responsible for acts of the corporation that inflict harm on others ("limited liability" ), so why should they be considered identical for tax purposes? This is essentially a "want your cake and eat it, too" argument.
@earl-of-trumps saidYou don’t know the definition of defund that’s being used.
@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.
You’ve picked up a right-wing paranoid trope and are running with it, without even looking into what it’s all about.
Stop for a second. Even before looking up what’s meant by defund, just stop and ask yourself: do you really think the democratic party wants to eliminate the whole police force? Seriously. You think there is a political party that wants that?
See. There you go. You’ll be fine.
@no1marauder Shareholders are not held responsible for acts of the corporation that inflict harm on others ("limited liability" ), so why should they be considered identical for tax purposes? This is essentially a "want your cake and eat it, too" argument.
Apples and oranges.
For tax purposes (paying the government) there is a DOULBLE INCOME TAX om profit.
Liability - "inflicting harm on others" - is NOT dealing with the government.
I will repeat, the American system of taxation on corporations is a DOUBLE TAX system.
As best I recall, the USA is the only country that employs such a taxation system
on people within corporations.
But as the old saying goes, when the people who make such rules prosper by them,
you can expect such unfair systems.
@shavixmir You don’t know the definition of defund that’s being used.
"defund" only has one meaning. If the people that want "defunding" mean something else,
let them choose the appropriate WORDS. What the truck do they think this is, anyway?
I'll be goddamned if I am going to Politically Correct school to learn their language, let them learn ENGLISH
@earl-of-trumps saidIs a corporation the same thing as its shareholders? Yes or no?
@no1marauder Shareholders are not held responsible for acts of the corporation that inflict harm on others ("limited liability" ), so why should they be considered identical for tax purposes? This is essentially a "want your cake and eat it, too" argument.
Apples and oranges.
For tax purposes (paying the government) there is a DOULBLE INCOME TAX om profit. ...[text shortened]... ying goes, when the people who make such rules prosper by them,
you can expect such unfair systems.
Who it is dealing with is utterly irrelevant; it either is the same thing as those who own it or it isn't.
If it is the same thing for the purposes of taxation, it should be the same thing for the purposes of reimbursing those it harms. Thus, shareholders would be liable for such harms beyond their holdings in the company if justice so demanded it.
As far as I can tell, almost every country in the world has a corporate tax. https://tradingeconomics.com/country-list/corporate-tax-rate
A well reasoned argument from a CPA:
"To say that stockholders pay corporate income taxes is at complete odds with the facts. The corporation is well-established as an entirely separate and distinct legal entity. The stockholders do not manage corporate operations or have title to its assets. They are not management and cannot take possession of a pro rata share of corporate buildings or other assets. Stockholders do not declare dividends or run the corporation’s daily operations—they simply own a piece of paper that entitles them to a share of net assets on dissolution and to dividends if corporate management declares any."
https://www.journalofaccountancy.com/issues/2003/aug/anopinionondividendstaxation.html
@earl-of-trumps saidI agree that "Defund the Police" is a poor slogan to use unless you're part of the very small group that actually does want to abolish large municipal police forces.
@shavixmir You don’t know the definition of defund that’s being used.
"defund" only has one meaning. If the people that want "defunding" mean something else,
let them choose the appropriate WORDS. What the truck do they think this is, anyway?
I'll be goddamned if I am going to Politically Correct school to learn their language, let them learn ENGLISH
Obviously that group does not include any nationally known officials or candidates of the Democratic Party.
@no1marauder saidhttps://www.sciencedirect.com/science/article/abs/pii/S0047272701001669
Simple; corporations shouldn't be taxed at a lower rate than individuals.
Here is a reason for it, but I guess it is one economist's opinion. There is a reason for everything I guess,,,,,,,or one an invent reasons, like George Soros does. Do y'all like this creature?
@AverageJoe1
So how many billions does a billionaire need anyway?
Right now Bezos is pushing 200 BILLION. What could he possibly do with that much money? Finance his own military? Buy a dozen aircraft carriers?
He certainly hasn't made any moves to help the common man and it is well known his workplaces are hell holes to work in, no AC and it gets to 90 degrees inside and the opposite in winter.
The 21st century equivalent of 19th century work practices.
@sonhouse Right now Bezos is pushing 200 BILLION. What could he possibly do with that much money?
The problem with the naive jealous people is, they actually think that Bezos (and
others) has $200 Billion in CASH that he sits and counts, fondles and oogles.
sonhouse, the man's value went soaring because his stock value rose. That's all.
@earl-of-trumps saidHa, I was going to write the same response. Bezos money would go 'poof', because it aint there. Liberal people just do not get this. Earl, move to the head of the class.
@sonhouse Right now Bezos is pushing 200 BILLION. What could he possibly do with that much money?
The problem with the naive jealous people is, they actually think that Bezos (and
others) has $200 Billion in CASH that he sits and counts, fondles and oogles.
sonhouse, the man's value went soaring because his stock value rose. That's all.
@mott-the-hoople saidIt means demilitarize the police. Train them to de-escalate instead of shoot first. Instead of spending money on SWAT teams and unmarked vans with federal agents in camouflage scooping up people without charge, spend it on prevention of crime.
cant wait to hear you explain “defund the police”.