May 5, 200917 yr If they don't contribute there legally authorized share of governemnt support (taxes) they not be allowed access to government protected (police and military) markets nor should they have utilization of our roadways and due to the fact they are not paying for the regulartory services to be administered upon them, they should not be regulated and if not regulated they should be banned from American use. This is nothing more than companies using US reasources and getting out of paying for them. The great, vast majority of corporations most certainly do contribute their legally authorized share of government support. The issue is their taking advantage of the many loopholes in the code. Are you in favor of applying your same rules of no pay no utilization to the 43% of taxpayers that pay no income tax because I'm certainly with you on this one if so. :thumb: Exactly. RRR, the corporations aren't doing anything illegal- they are exploiting the weakness in the written laws of the IRS. The solution is not to punish them even though they followed the law- the solution is to drastically reduce the size of the tax code.
May 5, 200917 yr Author If they don't contribute there legally authorized share of governemnt support (taxes) they not be allowed access to government protected (police and military) markets nor should they have utilization of our roadways and due to the fact they are not paying for the regulartory services to be administered upon them, they should not be regulated and if not regulated they should be banned from American use. This is nothing more than companies using US reasources and getting out of paying for them. This is nothing more than froth-at-the-mouth vitriol. I'm not going to engage this, because there is no evidentiary support for it. None. Business entities, both big and small, operate this country and make it work. Not government. When the world became flat, they utilized their resources to enter markets abroad. To do so, they hired foreign workers, and developed foreign capital. The tax laws don't require them to pay taxes on certain levels of those earnings, and they haven't. Its what it means to be "multinational." Now, you can pander to this administration and put your head in the sand and believe that the proposed regulations won't cause some pullback of those businesses from foreign trade and markets, but then I don't want to hear any complaining form you about how 'big corporations' aren't competetive internationally, and there aren't any jobs locally. If you make this bed, by God you're going to sleep in it.
May 5, 200917 yr Are you in favor of applying your same rules of no pay no utilization to the 43% of taxpayers that pay no income tax because I'm certainly with you on this one if so. That's a great question. Those that pay no income tax do so because of loopholes. Do you also agree that they should be closed?
May 5, 200917 yr That's a great question. Those that pay no income tax do so because of loopholes. Do you also agree that they should be closed? I do agree that many loopholes should be closed. The problem becomes what is considered a loophole? There are many regs in the codes that are there in order to promote certain behavior that is deemed beneficial. The issue is beneficial to whom?
May 6, 200917 yr The great, vast majority of corporations most certainly do contribute their legally authorized share of government support. The issue is their taking advantage of the many loopholes in the code. Are you in favor of applying your same rules of no pay no utilization to the 43% of taxpayers that pay no income tax because I'm certainly with you on this one if so. My point is that there is no reasonable argument to protecting these companies, what they are doing is avoiding taxes, taxes pay for things. If I were a local business and knew that my competitor was using some offshore business scheme to avoid local taxes I would scream it at the top of my lungs that these people are tax avoiding and hurting the rest of the tax payers. To your other point, you are right. Should those rules be applied then many Americans would be denied services. Now let me make myself clear in that my statements in the previous post were part of a rant, not to be taken completely literally. My great frustration comes from this belief that "business has no responsibility and any all actions from business are good and anything that makes profit is good no matter the moral and social cost". This belief has gone to far. My scenario is more illustrate that should we want to, we could ruin those that chose to damage our society those that chose to take and not give back. I do not believe that the actual implementation of such a plan could work.
May 6, 200917 yr RRR, the corporations aren't doing anything illegal- they are exploiting the weakness in the written laws of the IRS. The solution is not to punish them even though they followed the law- the solution is to drastically reduce the size of the tax code. Something not being illegal doesn't mean it isn't wrong. The United States is a great place to do business, in order to be a great place to do business many things have to be paid for, the getting around of paying taxes doesn't have to be illegal to damaging to the country. They are damaging the country by not paying what they should. I completely agree with your solution.
May 6, 200917 yr Something not being illegal doesn't mean it isn't wrong. The United States is a great place to do business, in order to be a great place to do business many things have to be paid for, the getting around of paying taxes doesn't have to be illegal to damaging to the country. They are damaging the country by not paying what they should. I completely agree with your solution. You are right that it is "wrong"- but we just have to keep in mind that there are a few reasons we have this problem, although IMO they all have the same culprits... First of all, a mixture of ineptitude and special-interest lobbying has encouraged politicians to support this exorbitantly large and equally exploitable tax code. Secondly, the fact that we have a capital gains tax (which is double taxation) only encourages big corporations to find ways to get out of paying taxes. The more that we cut taxes, the less financial incentive there is to find ways around them, and (sometimes) tax cuts result in increased tax revenues. What ends up happening is, rather than fix the problem, our government will simply increase the marginal tax rate. Who does this hurt? When you add more words to the tax code, it just gives the Wal-Mart's and Berkshire Hathaways and anyone other large corporation more incentive to find ways around taxes. However, increasing the marginal tax rate increases it on millions of American small businesses, who don't have the resources to legally evade these taxes and have to bear the burden of paying them. ABOLISH THE IRS
May 6, 200917 yr If a company's taxes go up, the cost is just passed on to their customers. So, us consumers will see higher costs to pay for the higher taxes.
May 6, 200917 yr If a company's taxes go up, the cost is just passed on to their customers. So, us consumers will see higher costs to pay for the higher taxes. In that case, maybe we should just eliminate all corporate taxes so they don't get passed onto us. OR We can let them raise prices and then as consumers decide if there is still value to us. Let the market play out.
May 6, 200917 yr Why? If the company is big enough then the government will just bail them out costing taxpayers even more money.
May 6, 200917 yr In that case, maybe we should just eliminate all corporate taxes so they don't get passed onto us. Straw man.
May 6, 200917 yr In that case, maybe we should just eliminate all corporate taxes so they don't get passed onto us. OR We can let them raise prices and then as consumers decide if there is still value to us. Let the market play out. That is exactly what the answer is Clyde. Can you say Fair Tax?
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