Let's have a debate... kentuck

[CC27]

kentuck 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    Sat Nov-12-11 09:36 AM
Original message
Let's have a debate...
   
Edited on Sat Nov-12-11 09:37 AM by kentuck
...about the tax loopholes in our tax system and the urgent need for tax reform. Let's keep the Bush taxcuts out of the discussion. Those will expire if politicians do nothing.

Instead, let's talk about the "actual" corporate tax rates. The conservatives argue that we have the highest corporate tax rates in the world. However, they admit that after all their loopholes, most corporations only pay about an 18% tax rate. That is the "actual" rate. The other is fake.

Let's talk about tax subsidies for big oil companies. We give them tax breaks to screw us with high gas prices. Real brilliant, isn't it? Let's talk about tax breaks for corporate jets. These loopholes go on and on but the politicians would rather talk about "spending cuts". They would prefer to cut Medicare, Social Security, Medicaid, education, etc. We know their priorities.

But our tax system does need reform. Should the "actual" tax rate for corporations be 35%? Or should it be more? Shouldn't we be discussing closing these loopholes rather than talking about spending cuts on social programs? Shouldn't that be the debate Democrats should be engaging in? Put the Bush tax cuts on the shelf. Let them expire and let's discuss tax reform. Do we want the middle class to continue to pay very low income taxes or should their taxes increase to what they were under Clinton? Should everyone pay their fair share or just those that make over $250,000 dollars per year? These are the questions we should be debating, in my opinion.

Come on over here and debate us DUmmie. The door is always open...

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x2292017

[tanstaafl]

Corporations don't pay taxes, the consumers of their products pay the taxes.
Idiot.

And the "loophole" that the DUmmies are always yakking about is that oil companies are allowed to write off the expense of exploration and extraction in the year incurred, rather that amortize the expense over years.
Moron.

[BattleHymn]

kentuck,

The thing is, 'your fair share' is available for you to pay at any time you see fit, when you file your tax information each year with the IRS.

Where is your tax return showing a voluntary amount ceded to the IRS, above and beyond what your return tabulated that you owed?





 

[Airwolf]

Dumbass kentuck couldn't debate a turnip.

[Mr Mannn]

Dumbass kentuck couldn't debate a turnip.

Hence why he chooses to debate at the DUmp.

[SSG Snuggle Bunny]

Let's talk about tax subsidies for big oil companies.

A subsidy is a payment to somebody. The government does not pay the oil companies a single dime. Perhaps you're thinking of ethanol.

You're thinking (heh) of a tax deduction and the deduction the oil companies get is the same deduction every other corporation, big or small, may use.

And as has been noted up-thread, corporations never pay taxes, they always pass the cost to consumers.

Hence why he chooses to debate at the DUmp.

Would that he'd register here.

Surely he's not scared of a timid woodland creature.

[zeitgeist]

Hence why he chooses to debate at the DUmp.

Where they would debate the shape of a round table.

[BattleHymn]

Where they would debate the shape of a round table.

And then get the shape wrong.