corporate taxation

[The Troll]

Are YOU smoking dope?

You just said, you can't spend more than you take in, but yet OBAMA is unwilling to even attempt to try this...the two wars we are STILL fighting and we are on the cusp of a third one....

and btw,

I am not complaining about MY taxes.......THANKS to George W. Bush

What we need is to spur this economy by inspiring the private sector, so the the unemployement rate DROPS producing MORE federal tax revenue....and cutting corp tax WILL, stimulate this economy....

THIS IS A FACT!

  Henry, cutting business taxes will not create jobs or money in the economy.  The business will just pay their stockholders more money or they will bank it.  Probably overseas. 

  Cutting business taxes will not create a demand for products.  That just a plain a the nose on your face.  Henry the people of America have been paying for the tax cut for the super rich and they are poor, no money, they are broke.  They can't buy anything.  Why do you think they are flooding Walmart parking lots buying cheap foreign products.  C'mon give  us a break and wise up.

  Why can't you stand up for the common man, just like you.  These rich people wouldn't give you a crumb from their banquet table.   You just don't understand do you.  Where did you pick up all of your shit, a blue collar, union kid.  Wow.

[dan foster]

Interesting article...   

Cisco CEO Chambers Says U.S. Tax System Is A "Dinosaur"

Mar. 29 2011   

By ERIC SAVITZ     

In case you missed it, Cisco Systems (CSCO) CEO John Chambers showed up on 60 Minutes on Sunday to talk about one of his favorite topics: corporate taxation and the repatriation of profits held overseas.


Some key quotes from Chambers in the piece:

 

   
• "We are dealing with a tax system that is a dinosaur," Chambers told correspondent Lesley Stahl.
• "Every other government in the world has realized that the U.S. has it wrong," he sais. "They're saying, 'I'm going to have lower taxes, period.' That's what you see all across Western Europe, that's what you see in Asia in the developed countries."
• Asked if he's judged as a CEO on issues like taxes, Chambers said, "Absolutely."
• Stahl noted that Cisco has eight companies in Ireland, which has much lower corporate tax rates than the U.S.  "We do what makes sense to the shareholders," Chambers said. "We go where there are incentives in countries that say, 'We want you here, we're going to give you tax advantages, and we want you to add jobs here, etc.' We can no longer in America say, 'This is how we do it, therefore you must do it.' We've gotta change, or we're going to be left behind."
• Chambers repeated his previous pleas for a tax holiday on overseas profits so they can be brought back into the U.S. "We leave the money over there. I create jobs overseas; I acquire companies overseas; I build plants overseas; and I badly want to bring that money back," Chambers told Stahl.
• Chambers said Cisco has almost $40 billion in cash overseas which the company could bring back to the U.S. if there weren't a steep tax penalty to pay for repatriation. ""What is your downside for money that isn't going to come back anyhow? I'd say your downside is zero," he told Stahl.
• And finally, here's Chambers response to Stahl on what would happen if the U.S. cut the corporate tax rate to 20%. "My answer's very simple: every other developed country in the world has already done this. I'm not asking to give me a favor, or a hand out...All we're asking is: Give us a level playing field. Get us close."

Corps, just like the rest of "big money" pay less taxes than the rest of us, and sure as hell don't pay their fair share.  We need to redistribute the wealth back out of the top brackets and into the hands of the middle class from where it has been being stolen over the last 40yrs.  You are a moron.

[Henry Hawk]

Corps, just like the rest of "big money" pay less taxes than the rest of us, and sure as hell don't pay their fair share.  We need to redistribute the wealth back out of the top brackets and into the hands of the middle class from where it has been being stolen over the last 40yrs.  You are a moron.

who is "WE"?  Who decides?  What gives anyone the right to take MONEY from one person and GIVE it to another? NOT our Contsitutiton. YOU are a MORON..............put that in your socialist pipe and smoke it.

[Henry Hawk]

    Cutting business taxes will not create a demand for products.  That just a plain a the nose on your face.  Henry the people of America have been paying for the tax cut for the super rich and they are poor, no money, they are broke.  They can't buy anything.  Why do you think they are flooding Walmart parking lots buying cheap foreign products.  C'mon give  us a break and wise up.

and taking MORE money from the rich and "giving" it to the middle class will NOT spur the eocnomy.  THAT will not create any demand for jobs.

Like it or not, the RICH are the ones who create jobs.  THEY are the ones who will only spend it, if they can profit from it.  THAT is the way the world works...or supposed too.

For the life of me, I do not understand HOW you and your ilk, think that raising taxes is going to create MORE jobs.  We have got to live within our means.....NOT above our means.

Taxing the rich will only force them to pass that cost on to us.....we lose again.

why is this hard to understand?

[The Troll]

and taking MORE money from the rich and "giving" it to the middle class will NOT spur the eocnomy.  THAT will not create any demand for jobs.

Like it or not, the RICH are the ones who create jobs.  THEY are the ones who will only spend it, if they can profit from it.  THAT is the way the world works...or supposed too.

For the life of me, I do not understand HOW you and your ilk, think that raising taxes is going to create MORE jobs.  We have got to live within our means.....NOT above our means.

Taxing the rich will only force them to pass that cost on to us.....we lose again.

why is this hard to understand?

  Well tell me Mr. wise ass economist.  Please just tell me how much taxes "YOU", "SUPER RICH and the "CORPORATIONS: should pay in taxes?  Give me a percent. %, %, %, %?

  From the first time I came on the Zone I ran into you.  I thought you were some OLD right wing Christian nut case.  I sure hit that one.  Who was was constantly crying It's my money and I worked for and I don't want any government agency spending it for anything I don't want it spent for. Over and over and over it's my money.   Didn't want to spend a dime for taxes and still don't.

  I want to know just how much money you want and should in taxes to keep this country, state, county and city running.  C'mon Henry how much do you really want to pay?  What percent on the net income and don't give any stupid bullshit. 

  I thought Scrooge was a tight ass.  You have him beat by a mile.   

[Henry Hawk]

Why should I answer ONE of your questions.....you NEVER answer mine?

First show me where I didn't want to spend a dime for taxes.... (answer, you can't...I have NO problem paying my fair share of taxes)
Why you consider me a Christian nutcase?....have I ever shoved my beliefs on YOU?....(answer...is I HAVE NEVER)

Why do you consider me a tightass?  Because I think the government should quit spending more money than we have?  You think I should pay MORE taxes so we can give it away to politicians to spend on their own state?

I don't think we need to add MORE taxes to our revenue.....How about we slow down our spending to fit what we already HAVE in our revenue?  We have WAY too much waste....why don't we fix that waste FIRST, THEN let's talk about generating MORE money.

Troll, you was spoiled by the Union.  You think other peoples money is there for everyone, if you earn it or not.

I will give you an answer about Corporate tax rates.....suspend them for ONE year, and watch our economy explode.
Then return the rate to around the same rate the are with the rest of the free world is, but crackdown on the creative loopholes that we now have....

YOUR turn mr. wise ass socialist...

[Exterminator]

I have NO problem paying my fair share of taxes...

Then why shouldn't corporations pay theirs?  My tax burden is twice what the CEO of CISCO is whining about them having to pay.

You would have the corporations pay no taxes or tariffs and have no restrictions on where their labor force resides which is more or less what has already happened.  So how's that working for you?

[Henry Hawk]

Then why shouldn't corporations pay theirs?  My tax burden is twice what the CEO of CISCO is whining about them having to pay.

I think they should....did you read what I previously wrote?....I say suspend their tax for one year to stimulate this econonmy....then return them to a rate equal to the rest of the world.....without the loopholes.

I think putting the entrepreneurs of this world are best at creating jobs, more so than our political friends in Washington.

[Exterminator]

I think it's you who doesn't read what you've previously written: "We do what makes sense to the shareholders," Chambers said.

It doesn't say anything here about doing what's best for the work force or doing what's best for America; his only interest is in doing what's best for his shareholders.  I don't really expect you to understand the nuances of corporate finance but your position is ridiculous.  Changing the corporate taxstructure in this country will do nothing except change the corporate tax structure.  Lowering their taxes does nothing to help our economy if any additional workers they hire are in Mexico or China.

Hundreds of billions of dollars changed hands during the housing bubble debacle and many people were made very rich.  Show me the jobs that were created with that wealth?  You can't because it didn't happen and it isn't going to.  Your whole tired spiel about letting these thieves keep more of their money because it benefits the rest of us is nothing but bullshit that has been fed by them to people too ignorant to know they're getting fucked.

[The Troll]

I think they should....did you read what I previously wrote?....I say suspend their tax for one year to stimulate this economy....then return them to a rate equal to the rest of the world.....without the loopholes.

I think putting the entrepreneurs of this world are best at creating jobs, more so than our political friends in Washington.

  Let's start with you first premise 98% of your top 3% of the super rich are not the entrepreneurs.  The present rich are old money coming from old rich families.  Let's talk about Donald Trump for just one of many.

  I am going to tell you that there is no room for the middle class at the buffet table of the super rich.  In PREDATORY CAPITALISM the top 3% of the people will own all of the big computers, stored information, automation, all manufacturing, all finances and banking, all of the stock market. all of commerce, shipping, trucking, air transportation and all of the big box stores and chain restaurants.  If you know of it and they will own it.  Best of all they will own all of the politicians and Washington DC.

This won't bother me and my ilk.  We will be dead.  But oh "your god" will the future children have it bad.  Working for the lowest wage, living in a company home shopping at the company store.  Remember the American people had this once and the unions saved the day.

  Henry you suck.    :suck.  Tell me why you can't root for the middle class once in a while.  But all you want is PREDATORY CAPITALISM.   

[Henry Hawk]

"If there's to be a United States as we've known it, we've gotta get this budget deficit under control. To do that, you can cut spending or raise taxes 88%. Take your pick."...

[The Troll]

"If there's to be a United States as we've known it, we've gotta get this budget deficit under control. To do that, you can cut spending or raise taxes 88%. Take your pick."...

  Henry, there is one thing I don't have to worry about is dying.  I not afraid of death and I don't have to worry about what the Republicans are doing to this country because I will be dead before it kicks in.

  But you and your kids, that's another story.  If you let your parties, the Tea Party and the Republican Party destroy Medicare, Medicade and Social Security and Unions.  You're going to get old without a pot to piss in or a window to throw it out.  Hell in this day and age you can't even count on your kids for help, because they will be poorer than you. 

  Because the god damn super rich won't even pay to throw your starved dead body into a slit trench, in a unmarked grave. 

[dan foster]

who is "WE"?  Who decides?  What gives anyone the right to take MONEY from one person and GIVE it to another? NOT our Contsitutiton. YOU are a MORON..............put that in your socialist pipe and smoke it.

Do you pay payroll taxes, dumbass?  Perhaps you too are one of the top 1% that owns most of the wealth in this country.  If not, you might want to figure out how the money has been being taken from YOU and given to Big Money, by the gov't.  Wages have dropped over the last 40yrs for the middle class.  The top 1%'s income has grown over 1000%.  That has happened through our taxes, lack of checks on the financial sector, direct bailouts to the financial sector, imposition of 401k's (so wall street could play with your money, directly) vice former pension programs, higher local taxes (property, etc) that is given back to big corps by the local gov't through both tax breaks and bonds, the lack of regulation of the health care industry where big pharma can rip us all off for designer meds (and push illness to increase profits as well as cure nothing) and big financials (that own all the insurance companies), lower corporate taxes with little regulation that ensures the middle class employees won't get any benefit but that it is better to ship those jobs overseas in order to increase the bottom line.....I could go on and on.  So, what gives them the right to take your money and ensure it is pushed up to the wealthiest?  Nothing.  The gov't just gives them the means.  Call me a socialist, that's fine.  I am a strict constitutionalist, and the Fed (that has enabled our latest sorry state) isn't in there, either.  The Fed works for the big money interests (private and corp), and we are screwed.  The Congress and the White House are just their bag men and dumbasses like yourself are their enablers.   

[dan foster]

"If there's to be a United States as we've known it, we've gotta get this budget deficit under control. To do that, you can cut spending or raise taxes 88%. Take your pick."...

Repeal the bush tax giveaway to the rich and we won't have to raise taxes AND cut essential governmental functions.

[dan foster]

Like it or not, the RICH are the ones who create jobs.  THEY are the ones who will only spend it, if they can profit from it.  THAT is the way the world works...or supposed too.

Well, you are dumber than I thought and firmly brainwashed by Fox and their corp owner.  They lie to you stupid fucks, 24/7 (see NOTE).  The rich don't create jobs.  They will send the jobs overseas in a heartbeat when it raises the bottom line of whatever they are doing.  They (corp) don't care about the jobs or what they are making, or if it serves society or the nation's business.  Their only motive is profit. 

Why do you think the FED made a conscious decision 40yrs ago to go from a 65% manufacturing/35% financial sector to a 65% financials/35% manufacturing economy?  The jobs shipped overseas fit right into that scheme, raising corp profits and increasing the wealth of big money (corp and private).  Big money controls the FED.  You don't.  Why do you think almost no corp offers a pension plan any longer, but 401k's?  Why do you think bush wanted to "privatize" social security?  Why do you think Obama didn't defend the public option on insurance, but now mandates insurance coverage from private companies?  Profit, asshole, and the additional movement of dwindling middle class wealth to the richest few (richest since just before the great depression).  You dumbshits hate unions, etc, but there wouldn't be a middle class in this country without the labor movement that fought that richest few in the aftermath of the depression.  The robber barons of old would die of envy of the theft perpetrated by the current crooks.

Yep, just like your support of bush (the dumbest and the biggest spender, before Obama see NOTE), you really have no basis in reality from which to make any judgement.  I regret your kind are allowed to vote.  You certainly don't meet the ideal of a Jeffersonian, "educated electorate".

NOTE: President Bush expanded the federal budget by a historic $700 billion through 2008.

... first is that President Obama's agenda, ambitious as it may be, is responsible for only a sliver of the deficits, despite what many of his Republican critics are saying. The second is that Mr. Obama does not have a realistic plan for eliminating the deficit, despite what his advisers have suggested.

The story of today's deficits starts in January 2001, as President Bill Clinton was leaving office. The Congressional Budget Office estimated then that the government would run an average annual surplus of more than $800 billion a year from 2009 to 2012. Today, the government is expected to run a $1.2 trillion annual deficit in those years.

You can think of that roughly $2 trillion swing as coming from four broad categories: the business cycle, President George W. Bush's policies, policies from the Bush years that are scheduled to expire but that Mr. Obama has chosen to extend, and new policies proposed by Mr. Obama.

Fox News at one point also falsely claimed that Obama's $3.6 trillion FY 2010 budget is "4x bigger than Bush's costliest plan." In fact, Bush submitted a $3.1 trillion budget for FY 2009 and a $2.9 trillion budget for FY 2008.