1. #1
    guitarjosh
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    Question for all political posters

    Would you support a law that

    1) Eliminated the corporate tax
    2) Banned stock dividends
    3) Banned stock buybacks unless the company gave a price where they will sell for profit, and the SEC can reject a buyback if they think the selling price is too far above the buy price
    4) Required all pay increases or bonuses going to the board of directors to be matched by an equal pay hike or bonus to all employees and/or across the board price cuts to customers?

  2. #2
    khicks26
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    libertarianism is a joke.

  3. #3
    RoyBacon
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    Quote Originally Posted by guitarjosh View Post
    Would you support a law that

    1) Eliminated the corporate tax
    2) Banned stock dividends
    3) Banned stock buybacks unless the company gave a price where they will sell for profit, and the SEC can reject a buyback if they think the selling price is too far above the buy price
    4) Required all pay increases or bonuses going to the board of directors to be matched by an equal pay hike or bonus to all employees and/or across the board price cuts to customers?
    I kind of see where you're going with this. Good thought and yes except point 4 is a bit odd.

    I think you meant to say executive management instead of board?

    In any case, functionally speaking, you could not have a zero corp tax and a 40% individual tax. Every citizen in the higher brackets would incorporate or become an LLC for tax purposes.

    But like Russia and China you could easily have a 15% rate.
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  4. #4
    MaltedHopsFrenzy
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    Had we adopted Ross Perot’s simple ‘Flat Tax’ he wanted to do in 1996, America would be so great right now it would be ridiculous…..

    Too bad the media of the day painted him as a ‘kook’ and voted in a sax~playing rapist who would later be impeached…..

    ''a democracy can only exist until voters discover that they can vote themselves money from the public treasury.''

  5. #5
    DwightShrute
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    Quote Originally Posted by MaltedHopsFrenzy View Post
    Had we adopted Ross Perot’s simple ‘Flat Tax’ he wanted to do in 1996, America would be so great right now it would be ridiculous…..

    Too bad the media of the day painted him as a ‘kook’ and voted in a sax~playing rapist who would later be impeached…..

    ''a democracy can only exist until voters discover that they can vote themselves money from the public treasury.''

  6. #6
    khicks26
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    Quote Originally Posted by RoyBacon View Post
    I kind of see where you're going with this. Good thought and yes except point 4 is a bit odd.

    I think you meant to say executive management instead of board?

    In any case, functionally speaking, you could not have a zero corp tax and a 40% individual tax. Every citizen in the higher brackets would incorporate or become an LLC for tax purposes.

    But like Russia and China you could easily have a 15% rate.
    The effective US rate is about 12% now.

  7. #7
    khicks26
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    Quote Originally Posted by MaltedHopsFrenzy View Post
    Had we adopted Ross Perot’s simple ‘Flat Tax’ he wanted to do in 1996, America would be so great right now it would be ridiculous…..

    Too bad the media of the day painted him as a ‘kook’ and voted in a sax~playing rapist who would later be impeached…..

    ''a democracy can only exist until voters discover that they can vote themselves money from the public treasury.''
    Flat Tax is a regressive tax.

  8. #8
    DwightShrute
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    taxes forms should be the size of a postcard. You make X amount x % and that's it.

    Implement a goods and services tax on everything. Like 5%. Buy a bag of chips, condoms or a car. Everyone pays. Even those working illegally and under the table. No one can avoid it.

    Its not complicated but its made complicated. Abolish the tax department. 99% is just made up work, serving no real purpose. Kinda like vitterd.
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  9. #9
    RoyBacon
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    Quote Originally Posted by khicks26 View Post
    The effective US rate is about 12% now.
    And? Russia has a 15% rate and the effective rate is probably 7%. Which we should match.

    Remember, businesses do not pay taxes, people do. They are simply passed on to you, the consumer. And if they are too high then a foreign competitor will steal the business, the jobs and most important to you your beloved taxes.
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  10. #10
    DwightShrute
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  11. #11
    khicks26
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    Quote Originally Posted by RoyBacon View Post
    And? Russia has a 15% rate and the effective rate is probably 7%. Which we should match.

    Remember, businesses do not pay taxes, people do. They are simply passed on to you, the consumer. And if they are too high then a foreign competitor will steal the business, the jobs and most important to you your beloved taxes.
    So now you know Russian Tax laws? LOL

    Supply & demand sets the price, not the tax rate.

  12. #12
    khicks26
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    Quote Originally Posted by DwightShrute View Post
    Prager U LOL

  13. #13
    khicks26
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    Quote Originally Posted by DwightShrute View Post
    taxes forms should be the size of a postcard. You make X amount x % and that's it.

    Implement a goods and services tax on everything. Like 5%. Buy a bag of chips, condoms or a car. Everyone pays. Even those working illegally and under the table. No one can avoid it.

    Its not complicated but its made complicated. Abolish the tax department. 99% is just made up work, serving no real purpose. Kinda like vitterd.
    Thank You Sean Hannity. LOL

  14. #14
    Sanity Check
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    Trump's proposed tax reforms were a good starting point imo.



    Quote Originally Posted by guitarjosh View Post
    Would you support a law that1) Eliminated the corporate tax
    Deficit, social security, welfare, food stamps and other outstanding liabilities would need to be restructured or accounted for before corporate taxes could be eliminated.
    Quote Originally Posted by guitarjosh View Post
    2) Banned stock dividends

    No.

    Why would you.

    Quote Originally Posted by guitarjosh View Post
    3) Banned stock buybacks unless the company gave a price where they will sell for profit, and the SEC can reject a buyback if they think the selling price is too far above the buy price
    No. Corporations need to buyback stock to protect themselves from the negative influence of majority stockholders in the form of investment banks and other special interests.

    The SEC has too much power and has shown themselves to be unreliable and agenda serving.
    Quote Originally Posted by guitarjosh View Post
    4) Required all pay increases or bonuses going to the board of directors to be matched by an equal pay hike or bonus to all employees and/or across the board price cuts to customers?
    I think the answer here is for the average worker to be less dependant upon workplace income.

    To give themselves better bargaining power and leverage in salary negotiation.

  15. #15
    rkelly110
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    All I know is pay your taxes and the one who has the most toys before dying, wins.

  16. #16
    RoyBacon
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    Quote Originally Posted by khicks26 View Post
    So now you know Russian Tax laws? LOL

    Supply & demand sets the price, not the tax rate.
    You don't think costs determines price??? BWHAHAHAHAHA!!!!!

    I know you struggle with this and it's not that complicated. Example;

    Hicks Widgets

    Labor : $1
    Material :$1
    Taxes $1

    So you think if demand is low you will sell your widget for $2???? Maybe $1???? LOL

    Your widget will have to sell for at least $4 or you will soon be bankrupt.

    Your high taxes opens the door to Russians, Chinese and others who pay only a fraction of your taxes.
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  17. #17
    khicks26
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    Quote Originally Posted by RoyBacon View Post
    You don't think costs determines price??? BWHAHAHAHAHA!!!!!

    I know you struggle with this and it's not that complicated. Example;

    Hicks Widgets

    Labor : $1
    Material :$1
    Taxes $1

    So you think if demand is low you will sell your widget for $2???? Maybe $1???? LOL

    Your widget will have to sell for at least $4 or you will soon be bankrupt.

    Your high taxes opens the door to Russians, Chinese and others who pay only a fraction of your taxes.
    So you don't know Russia Tax Laws? LOL

  18. #18
    RoyBacon
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    Quote Originally Posted by khicks26 View Post
    So you don't know Russia Tax Laws? LOL
    Is it diversion time already? Is that example too tough?? I did my best to dumb it down.

    Hicks Widgets

    Labor : $1
    Material :$1
    Taxes $1

    Russians use a version of IFRS which is similar to GAAP. There is very little difference in the bottom-line effective rate. What would you like to know between the two systems or are you pulling a Dante and out for a run?
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  19. #19
    khicks26
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    Quote Originally Posted by RoyBacon View Post
    Is it diversion time already? Is that example too tough?? I did my best to dumb it down.

    Hicks Widgets

    Labor : $1
    Material :$1
    Taxes $1

    Russians use a version of IFRS which is similar to GAAP. There is very little difference in the bottom-line effective rate. What would you like to know between the two systems or are you pulling a Dante and out for a run?
    Something tells me your talking out your ass. LOL


    I understand what your saying, it just doesn't mean much to the conversation.

    Supply & demand sets the price, not tax rates. The tax's are on profits, not the cost to make the product.


    I also know your full of crap because the Russian corporate tax rate is 20%. You don't want to live or work in Russia. Companies go to China for the cheap labor, not the tax rate.

    Now do you see how sarcastic you Hicks Widgets reply is? I saw it right away. LOL

  20. #20
    khicks26
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  21. #21
    RoyBacon
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    Quote Originally Posted by khicks26 View Post
    Something tells me your talking out your ass. LOL


    I understand what your saying, it just doesn't mean much to the conversation.

    Supply & demand sets the price, not tax rates. The tax's are on profits, not the cost to make the product.


    I also know your full of crap because the Russian corporate tax rate is 20%. You don't want to live or work in Russia. Companies go to China for the cheap labor, not the tax rate.

    Now do you see how sarcastic you Hicks Widgets reply is? I saw it right away. LOL
    Dude, EVERYTHING comes out of profits! You buy materials, pay for labor and yes, pay your taxes.

    Taxes are a cost like every single other cost. No different.

    I'm full of crap because I was off 5% on the Russian corp tax rate?? Dammm you hold the bar up pretty high! At least I know what an expense is. LOL

    Yes they go to China for cheap labor. So why do they go Ireland Mr Einstein? Why did the largest US company in history domicile in Ireland? I'll give you a hint, it wasn't for cheap labor.
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  22. #22
    khicks26
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    Quote Originally Posted by RoyBacon View Post
    Dude, EVERYTHING comes out of profits! You buy materials, pay for labor and yes, pay your taxes.

    Taxes are a cost like every single other cost. No different.

    I'm full of crap because I was off 5% on the Russian corp tax rate?? Dammm you hold the bar up pretty high! At least I know what an expense is. LOL

    Yes they go to China for cheap labor. So why do they go Ireland Mr Einstein? Why did the largest US company in history domicile in Ireland? I'll give you a hint, it wasn't for cheap labor.
    Yes & corporate profits were at record highs before the tax cuts. Cost of production is not a profit & doesn't apply to the corporate tax rate. What happened to you have to spend money to make money?

    Yes because you were making shit up. LOL When all you had to do was look it up & not look the fool. Sad you can't even clear my bar. LOL

    Ireland is just a BS office to dodge tax's. There's no real production there. But thanks for another meaningless hint. LOL

  23. #23
    khicks26
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    Quote Originally Posted by RoyBacon View Post
    Dude, EVERYTHING comes out of profits! You buy materials, pay for labor and yes, pay your taxes.

    Taxes are a cost like every single other cost. No different.

    I'm full of crap because I was off 5% on the Russian corp tax rate?? Dammm you hold the bar up pretty high! At least I know what an expense is. LOL

    Yes they go to China for cheap labor. So why do they go Ireland Mr Einstein? Why did the largest US company in history domicile in Ireland? I'll give you a hint, it wasn't for cheap labor.
    Roy & his friends hard at work. LOL



  24. #24
    RoyBacon
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    Why did I know you would weave and avoid the conversation??? LOL

    The pic is funny btw. When I was near the bottom 1% I always wanted to be in the top 1%. Who would ever of thunk that my working hard would be associated with banging the Statue of Liberty???
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  25. #25
    khicks26
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    Quote Originally Posted by RoyBacon View Post
    Why did I know you would weave and avoid the conversation??? LOL

    The pic is funny btw. When I was near the bottom 1% I always wanted to be in the top 1%. Who would ever of thunk that my working hard would be associated with banging the Statue of Liberty???
    In case you didn't know, my last three post say the same thing about you. LOL

  26. #26
    RoyBacon
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    Quote Originally Posted by khicks26 View Post
    In case you didn't know, my last three post say the same thing about you. LOL
    Yes they are all weaves. Your propaganda background does not prepare you for such conversation.

    Very predictable btw.



    Dang a vacation pic!!! How did that get here?
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  27. #27
    khicks26
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    Quote Originally Posted by RoyBacon View Post
    Yes they are all weaves. Your propaganda background does not prepare you for such conversation.

    Very predictable btw.



    Dang a vacation pic!!! How did that get here?
    Your all weaves Roy.



    Hope you had fun, but I really don't care.

  28. #28
    RoyBacon
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    Quote Originally Posted by khicks26 View Post
    Your all weaves Roy.



    Hope you had fun, but I really don't care.

    I have a book suggestion for you. No, I wouldn't think of offering you a non propaganda view point. I know something you would enjoy.

    Time Machine by HG Wells

    You and Wells would get along great. He was a closet Marxist and that bleeds through in the Time Machine. A great author and a book you will enjoy.
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  29. #29
    khicks26
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    Quote Originally Posted by RoyBacon View Post
    I have a book suggestion for you. No, I wouldn't think of offering you a non propaganda view point. I know something you would enjoy.

    Time Machine by HG Wells

    You and Wells would get along great. He was a closet Marxist and that bleeds through in the Time Machine. A great author and a book you will enjoy.
    Seen the movie & I'm not a Marist.


    A song for you.



  30. #30
    khicks26
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