America must force corporations to pay

I believe that this is more of a social problem, if we had more Captains of Industry than Robber Barons then there would be no problem. The rich need to give back to comunity in order for it to prosper, the rich will still be rich but the poor would be less poor. Lets face it, once you get so much money does it really matter how much more you have.

 

I don't think that's true. But unions have to look at things differently than they did. Things have changed drastically and unions have to be willing to give back when times are tough and take when times are good.

 

I highly doubt your neighbors would be spending all federal welfare in America. Don't take my words for it. You can ask each of them how many things they own that wasn't made in the US. I'm positive the foreigners are the winner in this battle.

Bottom line, you simply CAN'T consume more than you PRODUCE. It's unsustainable in the long run.

Fact, US has been spending $13.5T since 1984 and we're back to where we were.



Don't you think we need to do something different?

This is just your wild guess. Most of the time corporations allocate their resources more efficient than the government. As I gave my example in earlier post, 35% of Apple revenue in 2011 came from China and it's growing. Apple CFO project that in 10 years, China will be biggest market for the company. The company stock grows 40 times in last decade. If you invested $100K in Apple 10 years ago, your money grows to $4 millions today. Their investments in foreign market has worked out extremely well. If you're one of its shareholders, you would be smiling every time your open your 401K statement.

And how do you propose to grow a "strong middle class"? I don't think punishing their bosses is a way to implement it. Once their bosses are taxed at a higher rate, I can assure your the response will be either pass up that extra tax to consumers, thus jacking up product price, or better yet, they will cut staffs in order to balance profit margin. End result = more layoffs.

If they make their products in the US, few people would be able to afford an Iphone or Ipad as they would cost $2K and $4K respectively. Also, keep in mind that Apple products are the most expensive in the industry. Why do think they sell more cellphone than anyone else such as Nokia, Samsung, Motorola, Blackberry?

To bring up the labor cost between China and America showing you have zero understanding of global trade. As Apple has projected, in 10 yrs, more Chinese own Iphone & Ipad than American. Chinese are making a lot less than American, what make you think they can afford them?

 

Sound good!

US exporters selling products and services are worth $1.8T annually. Wondering how many jobs would be lost if they can no longer sell them to their foreign trade partners!

 

Where do some come to these types of erroneous beliefs? It certainly isn't a result of actually checking on what the average wages are in the United States.

http://www.bls.gov/oes/current/oes_nat.htm#00-0000

 

This is so wrong that I don't know where to begin here but I'll try anyway...

Tell me, if you're a business owner who run a Subway, and you could make $10K by selling 1000 sandwiches. Any sandwich you sell that exceeds 1000 sandwiches will be taxed at 100%. In that sense, you would make $10K regardless selling 1000 sandwiches or a million sandwiches.

Would you rather stop when you meet your target? Or you would be eager to work for someone else for FREE?

 

And what is this 100% tax you just made up?

 

It's always amazing that those who remember the 90% maximum tax rate always forget that virtually everything was tax deductable as well. All interest payments, for example the interest payment on a car loan, was deductable. The "effective tax rate" based upon gross income was not overly effected when the tax laws where "simplified" by eliminating most tax deductions and lowering the tax rates. It did dip slightly but not significantly.

Of course referring to today's tax code as being "simplified" when it has over 50,000 pages of laws is a bit absurd. Tax loopholes are incorporated into the tax laws to benefit the campaign contributors to the politicans and the income tax itself breeds political corruption.

 

It's very simple. The more you tax business owners, the less incentive you give them to create jobs. To tax anyone $9 on every $10 they earn is simply absurd!

But feel free to send 90% of your check to uncle Sam, I'm sure Tim Geithner would appreciate your "patriotism".

 

Gee, will that be anything like the 'first worker revolution'? You know the one..the one that was immediately taken over by the mob and those big city political machines. You 'worker revolutionaries' did such a fine job the first time around that I can hardly wait for the 'worker revolution part 2'. Are there people even more corrupt than the present union bosses and political cronies, waiting in the wings for their turn?

 

Ok, I' ll give in. How about instead of 90% corporate tax, I'll just settle for corporations pay their fair share of tax? I have always been a person of compromise.

And you know I would send in my 90%, but I'm sure if I paid more, Uncle Sam would use my money to give ACME Corp. another tax break to move their headquarters to the Bahamas and their factory to India.

 

Corporate tax is merely a myth. There is no such thing as corporate tax. They pass all the taxes and costs to consumers. Essentially, corporate tax = Federal Sale Tax + Added State Sale Tax. It's your and my TAX. Eliminating corporate tax will make products and services cheaper, thus allowing you and me either spending or investing those extra dollars in our pockets.

Corporate tax and self-employment tax should be zero, no more tax meaning no more loopholes, that should level a playing field for everyone. American has to reinvent ourselves and there is no better way to achieve that by allowing them to keep every dollar they earn.

Entrepreneurs are the ones who makes this country great. If that tradition dies so will the country.

 

The old "fair share" argument is often presented but no one ever defines what a fair share is. While we have a list of different corporate tax rates for different incomes here's the bottom line:

http://en.wikipedia.org/wiki/Corporate_tax_in_the_United_States#Tax_rates

This is one of the highest corporate tax rates of all industrialized nations. It also omits the payroll taxes which corporations pay on wages so the effective tax rate is even higher than the 34%-35% imposed income tax rate.

Might as well send that 90% to Uncle Sam because tax deductions offered to US corporations are used to retain work in the United States. It's the tax burden imposed on corporations that results in them relocating to foreign countries. The problem isn't that the taxes aren't high enough but the fact that US corporate taxes are so high that it makes doing business in the United States cost prohibitive for many corporations.

The fact is that if we want to retain US enterprise we should eliminate all corporate taxation. Taxes are already collected on the dividends paid to the stockholders and that is where the taxes should be paid. Corporate taxation is merely transferred to the consumer and that makes products and services more costly which, in turn, reduces the ability of US corporations to compete in international trade.

The net result of corporate taxation is lower demand for US goods and services which translates into fewer and lower paying jobs.

 

By controlling the government prostitution ring, large (and I do have to emphasize certain, large) corporations are able to monopolize the resources and as you say jack up the prices, such as for example monthly internet bill, phone bill, invented by tax payers money, taken over AT GUN POINT basicaly by the corporations. I am not against OP, I know he just has his mind twisted

 

the business classes in college are often biased and only give information on the side of business without providing information on the power of government in the market

businesses cannot leave the shore if government imposes higher taxes on offshore profits, as long as they are making money from US consumers they are bound by US government rules

also big businesses today are making record profits and can afford to absorb higher labor costs and taxes and if they pass those costs onto the consumer government can always set prices for them and control how much they can profit

 

But the greedy manipulators of this era, never want people to consider such possibilities. For those in the 1%... the status quo is just fine.

 

If you tax a business the price of the goods to consumers will increase

 

You....and all the other statists of envy.....could learn a lot from Ben Franklin

For my own part, I am not so well satisfied of the goodness of this thing. I am for doing good to the poor, but I differ in opinion of the means. -- I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. In my youth I travelled much, and I observed in different countries, that the more public provisions were made for the poor, the less they provided for themselves, and of course became poorer. And, on the contrary, the less was done for them, the more they did for themselves, and became richer. There is no country in the world where so many provisions are established for them; so many hospitals to receive them when they are sick or lame, founded and maintained by voluntary charities; so many alms-houses for the aged of both sexes, together with a solemn general law made by the rich to subject their estates to a heavy tax for the support of the poor. Under all these obligations, are our poor modest, humble, and thankful; and do they use their best endeavours to maintain themselves, and lighten our shoulders of this burthen? -- On the contrary, I affirm that there is no country in the world in which the poor are more idle, dissolute, drunken, and insolent. The day you passed that act, you took away from before their eyes the greatest of all inducements to industry, frugality, and sobriety, by giving them a dependance on somewhat else than a careful accumulation during youth and health, for support in age or sickness. In short, you offered a premium for the encouragement of idleness, and you should not now wonder that it has had its effect in the increase of poverty. Repeal that law, and you will soon see a change in their manners. St. Monday, and St. Tuesday, will cease to be holidays. SIX days shalt thou labour, though one of the old commandments long treated as out of date, will again be looked upon as a respectable precept; industry will increase, and with it plenty among the lower people; their circumstances will mend, and more will be done for their happiness by inuring them to provide for themselves, than could be done by dividing all your estates among them.
----Ben Franklin--Conservative--Founder--Hater of Democrats--Great American
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Black,blue,brown,white,pink,sunburn; people that are negative >> unmotivated >> selfish >> leads to poor and dependent on others to work hard. It is not easy to buy a nice house or a nice car, it takes years of hard work 80+ hrs/wk. I do not support welfare is this country that has many businesses at minimum wage on every corner.

 

sounds like Michelle Bachmann. I hear many Republicans repeat this. Many Republicans supported Herman Cain and his 9-9-9 plan. I could not believe it....both candidates successfully convinced Republicans that we actually need to either raise taxes or implement new taxes. It is astounding how hypocritical right wing neo-cons are.

 

They have been. Where is the manufacturing these days?

 

I think the OP is literally true, in the sense that for the corporations to pay, Americans must force corporations to pay. Corporations will not pay a single cent, or fraction of a cent, or derivative from a hypothetical cent that they can draw credit from because they might have it at some point in the future, unless they are forced to.

Whether or not they should be forced to pay is another matter. But I think we can all agree that corporations will not pay anything that they are not forced to pay.

 

So you agree with 48% not paying taxes and income tax welfare?

 

No matter what you do it will end up a tax on consumers and taxpayers through subsidies and higher prices to consumers.

Taxing corporations will only make more expense to consumers and taxpayers

 

They should pay tax out of their profit, not WE the consumers pay tax for their profit. That's double rip off. I don't believe they will go out of their business if they have to pay tax.