The Conservative Cave
Current Events => The DUmpster => Topic started by: ScubaGuy on February 27, 2009, 05:20:53 PM
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How many times do we hear the DUmmies scream that we need more taxes on corporations?
I know this isn't a tax but it all comes out to the same thing.
New wireless spectrum fee (http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x5151117)
The Straight Story Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Fri Feb-27-09 05:34 PM
Original message
Obama Proposes New Wireless Spectrum Fee ($500 million per carrier, per year)
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Obama Proposes New Wireless Spectrum Fee
Under President Obama's budget submitted to lawmakers, wireless carriers such as Verizon, AT&T and Sprint would be hit with huge fees for the right to hold a spectrum license. The fee per carrier would be $50 million this year and eventually rise to $500 million per carrier, per year within a decade. Users fear carriers will add the new fee to phone bills.
The Obama administration Feb. 26 proposed to tax wireless carriers as much as $550 million per year for the right to hold a spectrum license. The fee would be in addition to the billions carriers have already paid in spectrum auctions held by the FCC (Federal Communications Commission).
Under the budget outline provided by the Obama administration, the new fees would be used to help reduce the $1.7 trillion national deficit. The proposal before Congress would charge carriers like AT&T, Verizon and Sprint $50 million this year. The fee per carrier would jump to $200 million in 2010 and eventually rise to $550 million by 2019.
According to the OMB (Office of Management and Budget), the fees would generate $4.8 billion over the next 10 years.
http://www.eweek.com/c/a/Mobile-and-Wireless/Obama-Prop...
Still Sensible Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Fri Feb-27-09 05:42 PM
Response to Original message
1. This is for show
It is one of those things that looks like he's soaking the rich communications companies, but everybody knows that one way or another the consumer pays for it in the end. I don't have any problem making them pay a spectrum fee, even the original fifty million--if spread out to all their customers isn't a big deal in a year... but eventually getting to 10 times that amount, come on.
David Dunham (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Fri Feb-27-09 05:56 PM
Response to Reply #1
2. Bad idea. Drop it now.
And this is different from some magical Exxon-Mobil tax that isn't going to be passed on to the consumer?
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Still Sensible Donating Member (1000+ posts)
It is one of those things that looks like he's soaking the rich communications companies, but everybody knows that one way or another the consumer pays for it in the end.
Figure that out all on your own, DUmmie? Now apply that logic to ALL the companies you want to **** over and you'll finally understand why taxing those "evil rich" people and "evil" corporations isn't such a good f'n idea.
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Figure that out all on your own, DUmmie? Now apply that logic to ALL the companies you want to **** over and you'll finally understand why taxing those "evil rich" people and "evil" corporations isn't such a good f'n idea.
As the adage goes: corporations don't pay taxes, they collect them.
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Corporations do NOT pay taxes in this country.
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It is always okay with DUmmies until it becomes real and that means they will be footing the bill....then it is a bad thing.
Useless fuking pieces of crap.
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Welcome to Obama's version of Trickle-Down Economics, DUmmies.
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It's a tax on the poor and middle-class. DUmmies are too stupid to realize it.
.
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"Hey wait, that would include ME!!!"
:rotf:
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Wait until obama proposes that tax on the internet you know is coming.
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jmowreader (1000+ posts) Fri Feb-27-09 08:17 PM
Response to Original message
10. Good idea, but too expensive
A flat $500 million fee would put many of them out of business.
$10 to $20 per customer wouldn't be bad, though.
This one come dangerously close to understanding. Maybe Skinner should make him DummieLand's CFO.
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Corporations do NOT pay taxes in this country.
if all of them paid the same $500 million.... lets say one company has 50 million customers, thats $10 per customer. Meanwhile a company like MetroPCS with $5 million would have to charge $100 a year more per customer.
goodbye discount phone service
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if all of them paid the same $500 million.... lets say one company has 50 million customers, thats $10 per customer. Meanwhile a company like MetroPCS with $5 million would have to charge $100 a year more per customer.
goodbye discount phone service
Precisely. Some large companies might chose to absorb the costs of increased taxation in the short term, but not for long. Many smaller companies can not afford to do that at all.
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Precisely. Some large companies might chose to absorb the costs of increased taxation in the short term, but not for long. Many smaller companies can not afford to do that at all.
and leftists will blame the loss of their affordable phone service on.... corporations of course.
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and leftists will blame the loss of their affordable phone service on.... corporations of course.
But of course... Damn greedy capitalists that won't give away products and services for free.
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Verizon has the most subscribers of all the cell phone companies.
They have a few over 50 million customers.
So, that's between $1 to $10 per customer in taxes.
However, since Verizon is a big corporation, they will have significant administrative costs associated with Hussiens new taxes.
I think the $1 to $10 increase in taxes would end up at $30 - $50 in increased rates.
I don't think the increased rates will reach the level you project, but they will be over and above the actual tax increase, due to as you correctly mentioned, increased admin costs.
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Hey! I know what we can do!
We'll levy new taxes on the evil corporations then impose price controls so they can't pass it on to the consumer! :hyper:
Yeah, that'll fix EVERYTHING.
...
:p