GOP'ish candidates

[smc]

Originally Posted by TracyCoxx

Woah... D?j? vu all over again

So, I forgot that I had posted this a couple of weeks again in a different thread. Whoops.

While I have absolutely no doubt that you, TracyCoxx, have never made any mistake at any time anywhere that is even remotely like mine , one wonders whether you can defend the presumptive GOP candidate on this issue.

[TracyCoxx]

Originally Posted by smc

one wonders whether you can defend the presumptive GOP candidate on this issue.

not to try and be dense, but what specific issue are you talking about? Yeah I know it's a knock on big evil corporations, but what about it?

[smc]

Originally Posted by TracyCoxx

not to try and be dense, but what specific issue are you talking about? Yeah I know it's a knock on big evil corporations, but what about it?

It's about corporations being "people," which is obvious even to you ... as are the implications in our political system.

[TracyCoxx]

Originally Posted by smc

It's about corporations being "people," which is obvious even to you ... as are the implications in our political system.

I think Mitt says it pretty simply:
"Corporations are people my friend... Everything corporations earn ultimately goes to people. Where do you think it goes?"

Those earnings go to people. Then they get taxed on those earnings. If you tax the corporation as well, you're taxing those people twice. As for your cartoon... A woman would be far more likely to give birth to a sole proprietorship don't you think?

In Obama's latest ads he's saying he's for insourcing. Yet his policies say otherwise. What corporation looking at this map would want to do business in the USA?

[smc]

Originally Posted by TracyCoxx

I think Mitt says it pretty simply:
"Corporations are people my friend... Everything corporations earn ultimately goes to people. Where do you think it goes?"

Those earnings go to people. Then they get taxed on those earnings. If you tax the corporation as well, you're taxing those people twice. As for your cartoon... A woman would be far more likely to give birth to a sole proprietorship don't you think?

In Obama's latest ads he's saying he's for insourcing. Yet his policies say otherwise. What corporation looking at this map would want to do business in the USA?

I didn't expect you to answer the real question about the "implications in our political system" for defining corporations as people (which gives them the rights people enjoy). Thanks for living up to my expectations.

[TracyCoxx]

Originally Posted by smc

I didn't expect you to answer the real question about the "implications in our political system" for defining corporations as people (which gives them the rights people enjoy). Thanks for living up to my expectations.

Oh, sorry. When you lead your response with "It's about corporations being "people" I thought that was the real question. I was going to thank you for this new rational dialog we've been having the last few days. Let's keep it going rather than devolving into our usual BS. Other than the way the implications to our political system question was downplayed in your response, it didn't occur to me to respond because, other than the sides the left and right have obviously taken I see no other implications. But please fill me in.

I know you wouldn't make the same mistake I made when I didn't answer your other question, so I'll wait for your answer to "What corporation looking at this map would want to do business in the USA?"

[smc]

Originally Posted by TracyCoxx

Oh, sorry. When you lead your response with "It's about corporations being "people" I thought that was the real question. I was going to thank you for this new rational dialog we've been having the last few days. Let's keep it going rather than devolving into our usual BS. Other than the way the implications to our political system question was downplayed in your response, it didn't occur to me to respond because, other than the sides the left and right have obviously taken I see no other implications. But please fill me in.

I'm sorry, too, because I really can't follow what you write in the quote just above. Please clarify. I'm serious; I don't get the next-to-last sentence in the paragraph.

Originally Posted by TracyCoxx

I know you wouldn't make the same mistake I made when I didn't answer your other question, so I'll wait for your answer to "What corporation looking at this map would want to do business in the USA?"

You are trying to change the subject, as usual. We can have a discussion about corporate tax rates and other criteria that might be reasonable for corporations to decide where to do business. But answer the question: do you think corporations are people in that they should have the same rights afforded to individuals (such as "free speech" as defined in Citizens United, coupled with the "right" to be completely secretive about who is actually exercising that "right")?

[tslust]

Originally Posted by TracyCoxx

What corporation looking at this map would want to do business in the USA?

Wow, to hear the liberals talk, the corporations in America are not taxed at all (in GE's [the company in obama's back pocket] case this would be true). The only country with a coperate rate higher than ours (40%) is United Arab Emirates.

[GRH]

Originally Posted by tslust

Wow, to hear the liberals talk, the corporations in America are not taxed at all (in GE's [the company in obama's back pocket] case this would be true). The only country with a coperate rate higher than ours (40%) is United Arab Emirates.

To hear some right wingers talk, you'd think they have a real aversion to something called facts. Where is the federal corporate tax rate 40%? Oh, you must be lumping in state and local tax rates to the "statutory minimum" federal rate of 35%. Yep, that's right, the federal tax rate is only 35%. And it only applies to businesses making over $18 million of taxable income. Income between $335,000 and $10 million is taxed at a flat rate of 34%. Income below the $335,000 threshold is taxed less.

It's certainly conceivable that if state and local taxes are added to the federal tax rate, a FEW corporations may pay in the neighborhood of 40%. But this is far from universally true-- if for no other reason that some state (and many municipalities) don't have corporate taxes at all.

Further, even if every state did have corporate tax to levy, still, the vast majority of corporations would pay nowhere near 40%. Those who know anything about business know that the effective tax rate (aka. the actual rate that a corporation ends up paying after factoring in deductions, credits, etc.) is 19%. Obviously, the distribution of deductions and credits is not even by business or industry-- under the current tax code, some corporations end up paying close to the federal "minimum" rate, others pay hardly any tax at all.

What does all this mean? That our tax code is definitely convoluted. But it also means that it's disingenuous to lay out a blanket percentage of tax rate as if it's fact that applies equally to all.