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Five Job-Destroying CEOs Trying to ?Fix? the Debt by Slashing Corporate Taxes
Five Job-Destroying CEOs Trying to ?Fix? the Debt by Slashing Corporate Taxes and Cutting Social Security Benefits
In poll after poll, the American people say they are far more concerned about the jobs crisis than the ?debt crisis.? A powerful coalition of CEOs says they have an answer for both problems. Give us more tax breaks, they say, and we?ll use the money to invest and create jobs. The national economic pie will expand and Uncle Sam will get plenty of the frothy meringue without having to raise tax rates. That?s the line of the Fix the Debt campaign. Led by more than 90 CEOs, this turbo-charged PR/lobbying machine is blasting the message that such ?pro-growth tax reform? should be a pillar of any deficit deal (along with cuts to benefit programs like Social Security and Medicare). And it might be a good line ? if not for some pesky real-world facts. http://www.alternet.org/economy/five...cutting-social http://www.bartcop.com/tax-cuts-extended-5.jpg |
yes, crank up the taxes, the government deserves it for being so wonderful to the people. Think of how many more hundreds of millions we can give pakistan or egypt and all the good that they will do here with it.. definitely feed the govt even more money. Wouldn't want michelle obama to be forced into skipping a vacation.
idiot. |
I know that John Boner is a royal, gaping asshole -- but if you read up on Mitch McConell you'll find that he's one of the dirtiest campaigners ever -- and he appears to be a pretty vile human being.
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That seems like a pretty reasonable solution to me. Even on the small business scale - if taxes and the cost to employ people were lower, i'd be more likely to hire additional staff.
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I can't understand why anybody would want to let the govt. TAKE more of people's money. Especially when they spend over 10 billion dollars per day. And kill people all over the world with a giant military that most of that money goes to.
People like Grant Mercury are "neo-liberals" A real liberal would never trust or want to give the crooks in Washington D.C. a single penny more than is needed to administrate our country. |
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So that let us pay less in taxes and we will hire more line is BS. Giant corps pay nowhere near 35%. Many don't even pay 10%. Guess who makes up the difference? Individual taxpayers. That's why I always think it's funny what side of the argument some people are on. Robbie, I bet you pay close to the % of taxes you are supposed to be and should be furious at those who don't. |
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And fuck no...I don't want ANYBODY to pay taxes that they don't have to. Verizon may have had to cut 30,000 jobs...but they still employ tens of thousands more people who are all part of the tax base thanks to their employment at Verizon. I don't want the corporation of Verizon to pay ANY taxes. I want them to thrive and be successful and sell so many goddamn phones that they need more employees to do the work. FUCK the govt. and FUCK feeding that beast. We need to be starving it. If the govt. would actually help people I wouldn't mind my money going towards that. But instead it's all about the military. You want to take money from a phone company and give it to the Federal govt. to build missiles, invade other countries, and kill people worldwide. Let me know the next time Verizon sends a drone out and kills innocent civilians as part of "collateral damage" on the "war on terror" Or the next time they wiretap U.S. citizens. Or the next time they raid a pot dispensary. Or the next time they start another war.... You see what I'm saying? YOU should be furious that the U.S. govt. does this bullshit worldwide and you should be applauding Verizon for NOT giving those crooks in D.C. more money that they didn't earn. |
Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.
Judge Learned Hand, Helvering v. Gregory, 69 F.2d 809, 810-11 (2d Cir. 1934) |
Over and over again courts have said that there is nothing sinister in so arranging one's affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant."
Judge Learned Hand Commissioner v. Newman, 159 F.2d 848, 851 (2d Cir. 1947) |
Maybe the government could bail out adult and decide how much each of us get for our labor. Then none of us would have to worry about the maths and we can all get along.
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Lower tax rates at the top does not create jobs and does not stimulate the economy. No matter how many times the GOP say it, no matter how many different ways they spin it, it's all bullshit. It has always been bullshit and it will continue to be bullshit.
Taxes and the Economy: An Economic Analysis of the Top Tax Rates Since 1945 http://www.dpcc.senate.gov/files/doc...op%20Rates.pdf How the rich can create jobs: pay taxes! http://econ4.org/media-library/how-t...jobs-pay-taxes |
Ok let's see - since O took office the cumulative deficit is $5 trillion.
Prior to 2009 it was $6.3 trillion - now it's almost $11.5 trillion and increase of 80%! And what did all this spending yield? 1.5% per year growth. So O more than doubled W's deficits and got a .01% increase in growth per year - wonderful and most costly record. |
if taxes are raised, will it be used to pay down the debt or will it be used for a million other things? the US government does not seem to care about paying down the debt.
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Ask any small/business owner about hiring additional help. Any honest business owner will tell you that if there is an increased demand for their products, and the economy is stable, they are going to hire regardless of taxes. Right now the economy is not stable, and growing. Hence not increased demand for product, which means businesses do not need extra help. Do taxes play 'some' roll in it, sure. But they are not the engine that drives commerce/jobs. Demand for company's products and services is. No business is going to hire someone just because they get a tax break if demand is stagnant or the economy is unstable. Businesses are also not going to expand just because they were given a tax break. They expand if there is increased demand for their products, and an economic forecast showing that demand will be there for the next 12/24/36 months. Plain and simple. Businesses are about making profit and selling their wares. Not about creating jobs for no reason. :2 cents: |
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I do not have an issue paying "my fair share" assuming EVERYONE has some skin in the game. However, I do not agree with how the government is WASTING the tax revenue they are already getting. Especially in regards to military spending and "nation building" in other countries. The U.S. tax dollars collected are for U.S. citizens. Not for spending on arabs and muslims in other countries like Iraq and Afghanistan. If the reason for us being in all of these foreign countries is to aid multi-nations self interest. THEY should be paying the military tab for being there, not the tax payers. If the world want the U.S. defending their countries and policing their waters to prevent Somali's and international trade disruption or alike, THEY should have to pay for it. This is how it works for the tax payers. If we want something, you have to budget/pay for it. Versus endless handouts. :disgust |
My payroll tax rate is 41.7% i would sure hire many, many more if it was reduced to what you guys in America pay :))
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How does taxing "your" employers earnings at a higher rate make "your" job more secure?
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Maybe you have never had employees therefore dont understand the structure of payroll taxation. The withholding of payroll taxes is typically the responsibility of the employer. The burden is typically enforced upon both the employer and employee. In our country the employer remits to govt 41.7% of gross payroll. Employer portion = 31.7%, employee portion = 10%. The rate in the states, last I looked, was 15.3% (7.65 employer, 7.65% employee). We pay 314% more.
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http://biztaxlaw.about.com/od/glossa...yrolltaxes.htm Our withholding rates depend on how much you make. (These numbers do not include FICA). http://taxes.about.com/od/Federal-In...2-Tax-Year.htm Now remember close to 50% of all Americans get back their income tax money when they file their taxes. The rest of us pay for them. |
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So many people believe this fantasy that there are millions of people just fucking off and getting a check to do nothing, and living the high life. Meanwhile THEY "bust their hump" and get nothing in return. It's bullshit. Cuz you know who just fucks off and collects checks? The top .1%, - the vast majority of whom have never worked a day in their lives - and they get a lower tax rate than you. Direct your outrage there. |
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Everyone is saying the Bush cuts and so on, well wonder how many less jobs there would be without them. I am all for finding out, fuck it! Here is ONE Problem that hurts... See companies are to make the most they can to get great returns on stocks for the stock holders. |
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The $$$ is being hoarded at the top. It's not circulating. It needs to start. |
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See sometimes companies hire extra people because it is cheap to do so and can let the other workers not work as hard. After the Crash in 2008, Lots of Companies trimmed the fat, and asked the workers that still had jobs to do double work if you wanted to keep getting a check. I will take the company I work for UPS. We have had Growth and Record profits for a long time, but the employee numbers keep going down, and employees are asked to do more and more. Many drivers are asking to ONLY work 8 hours that 12 hours a day is killing them. The company saves money by not paying the additional health, taxes, insurance and so on. |
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Besides, The Average Person will pay MORE as prices on goods and services go up. Take away the Loop Holes.... Anyway As I said Fuck it, I am ready for a Complete crash ... 4 More years, Bring it! |
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Of course, anyone who wants a FAIR tax system is a "Socialist" to asswipes like you. Anyone who thinks it's fucking outrageous that quarter-million Mitt pays 13% while the rest of us make up the difference by paying twice that is a "Communist" right? You're right about America being a great place to start a business - but you turn into a teabagger when you think it's ok jip the country you love so much once you've got your fortune, by stashing your America-made profits offshore, and lobbying for break after break until you pay little if any taxes at all. Grateful you live in America? Appreciate the business climate? Great. So put a smile on your face, pay taxes, and realize we are a society. |
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There are 2 tax rates for the rich. 35% if you earned it and 15% if it was investment earnings. EVERY penny they take is taxed at one rate or the other. The tax rate for the bottom 47% is 0%. The tax rates for the rest vary between the two. Anything else you have to say on the subject is bullshit. |
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You're just not smart enough to. So you whine like the uneducated failure you are that your betters should pay more of your way for you. |
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The higher taxes would only be on that $40k profit, minus any additional costs not factored into into the above. |
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Increasing taxes won't solve anything. Removing loopholes that big corps use to avoid paying taxes would do much more. That's the only reason why rich folks can often pay less than the rest. But that'll never happen with so much money flow in politics.
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Do you actually own a business? |
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It's like this.. the middle class drives the economy. They are the ones who buy our shit, be it porn, clothes or housing. If the middle class suffers we all feel it. That is why stimulating the economy should take precedence over any and all other considerations. Get the economy roaring again and the deficit will flutter away like a leaf in a November breeze. |
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Unions created the middle class despite corporate bosses wanting to pay slave wages and oppose mandatory overtime. The fact that they do their best, even with political figureheads, to crush unions now to keep their last penny at the top level. The EPA does nothing but try to keep clean air, water and land. They're another thorn in corporate bosses sides because they don't want to invest money in how to reclaim waste gases, liquids and solids. They prefer to just dump them in the air, water and on the land. It's cheap and fuck the poor bastards who mutate anyway. You are upside down, but 100% in line with one political party by some amazing coincidence. |
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If it's all about the bad and evil businessman making people work for "slave wages", and the govt. stepped in and made laws to allow unions...then WHY do my taxes go to pay unions in govt.? And I guess all of you forget that unions are owned by the mafia. I live in Vegas...and back in the days before banks would do business with a casino, this whole town was funded off the backs of union workers money. They referred to unions as "The Mob Bank". And I can't help but wonder how some of the people in this thread keep THINKING that employees are "building" this country if those employees can't get a job. |
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I guess everyone not working for a union currently are working for slave wages.:1orglaugh |
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wrong |
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corporations and "folks" are two different things. "folks" who pay less than the rest of us do so because they ear their money thru investments (retirees, the rich, etc.) what they pay has ZERO to do with corporations avoiding the draconian idea that they should be taxed. anyone EARNING more than you do, pays more than you do. If you believe otherwise, you're part of the problem and part of the idiot masses obama preaches to. |
Fitty .........Job Destroyers
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The middle class refused to pay a little extra for products made in USA. The wealthy class saw a way to profit from that though Chinese manufacturing.
Now we are experiencing the consequences of those actions. America screwed America. The people with money and power are just trying to extend their old lifestyles as long as they can by clinging to the dream of keeping their tax cuts around, but their time is coming also. This is the new America. Get used to it. The only way out is to boycott Chinese made products, but that won't happen. |
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Mitt Romney pays 13% (and that's what he cops to - there's much we don't know because he hid it from us). GE, and many other massive, highly profitable corporations pay NOTHING. What would happen to the country (the same country the rich righties applaud for its opportunity) if you and I paid 0% in taxes? They can afford to buy politicians and feed lobbyists to stack the deck ever more in their favor. Check the tax rate during the 1950s & 60s - a period of great prosperity and a robust middle class. And what is it now? Is there any wonder why we're running a debt? Is there any wonder that the size of classes in public schools continues to grow? Or that our roads and bridges and sewers and electrical grid are all in serious need of repair? Revenue is drying up - but NOT corporate profit - that's massive, and the rich are doing better than any time since the 1920s. Who isn't doing well? The fucking working people. We're all getting squeezed. Meanwhile, dumb fucks blame it all on the poor who need assistance, instead of the ones gaming the system. |
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Try again. They can sit by the pool and wait for their dividend check to arrive. They don't have to lift a finger. And raising taxes on the rich while lowering them on the working people WILL stimulate the economy - because the money the working class isn't paying in taxes will flow right back into the economy - not to fucking tax shelters in the Cayman Islands. |
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