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Author Topic: I HATE this repig Talking Point  (Read 887 times)
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thundley4
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« Reply #15 on: April 09, 2012, 07:11:13 pm »

"Passing the cost onto you" comes in many different forms, primitives.  If a corp is paying higher taxes, that's less money they have to reinvent in the company, meaning less opportunity to grow, meaning less opportunites for the employees to earn more, meaning higher corp taxes is costing the employees potential higher incomes.

I know, it's complicated.  Just go back to sleep, primitives.

.

And also not hiring more employees, which would add to the tax base.
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« Reply #16 on: April 09, 2012, 07:14:34 pm »

Nobody starts a business to pay as much as they can in taxes.

That is the Hammer of Thor on the regressives.

Of course they won't understand having never started a business.

^5 for the sheer genius of brevity!
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« Reply #17 on: April 10, 2012, 03:54:27 am »

Quote
1StrongBlackMan (362 posts) Profile Journal Send DU Mail Ignore

6. I, too, hate that talking point; but ...

I hate more having to explain to those that repeat it, how little they know about taxation. Specifically, since taxes are paid on profits, not revenue, businesses DO NOT/CANNOT pass taxes onto the customer ... Because doing so would INCREASE their taxable income and absent off-setting expenses, would DECREASE their profits.

And then, after explaining this, I hate waiting the hour or two before these same financial illiterates repeat the narrative, as if I had never explained how it works in Accounting 101 rather than in the unchallenged world of conservo-punditry.
Shocked 1StrongBlackMan should stay behind the counter at McDonalds....he'll hurt lesss people that way.Jesus!
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« Reply #18 on: April 10, 2012, 04:23:24 am »

Thanks Jukin, for possibly taking a lurker by the hand and walking them through the simple arithmetic. 

More stupidity:

Quote
Response to bongbong (Original post)
Mon Apr 9, 2012, 05:15 PM
chowder66 (716 posts)

5. Yeah, keep lowering taxes on corporations so no one has the money to buy your product.
   

Chowderhead, when a corporation pays taxes, the check is not payable to you.



Quote
1StrongBlackMan (362 posts) Profile Journal Send DU Mail Ignore

10. It's funny ...

Once in the comment section of my Tucson daily rag, I once read this narrative coming from a "small business owner."

When I explained the concept of taxable income versus revenue and suggested that she fire her tax adviser and seek out any competent tax strategus, she began reporting my comments - thus causing them to be hidden from the board.

 

Haha!  She was C&Ping your comments, such as we do here, ridiculing you.   And how does that "thus hide your comments?"  I think the editor is a big liberal demokrat, and your comments exposed the stupidity of you and your party, and were just too embarrassing. 
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« Reply #19 on: April 10, 2012, 04:33:52 am »

Quote
bongbong
 
I HATE this repig Talking Point

"If you raise taxes on corporations, they'll just pass the cost on to you!"


Note to the lurkers and other Libtards...it's not some Republican talking point...unless your warped little brains believe the Bureau of Labor Statistics is just some propaganda arm of the GOP.

Quote
Increases in the corporate income tax, other business taxes, or business user fees are included in the CPI to the extent that corporations shift these through higher selling prices for their goods and services. There is widespread disagreement among economists concerning the extent of such shifts. Nevertheless, it appears likely that, at least in the short run, an increase in corporate income taxes affects the CPI less than a sales tax which produces the same amount of tax revenue.

http://www.questia.com/go...olar.qst?docId=5000228219
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« Reply #20 on: April 10, 2012, 04:56:12 am »


Note to the lurkers and other Libtards...it's not some Republican talking point...unless your warped little brains believe the Bureau of Labor Statistics is just some propaganda arm of the GOP.

http://www.questia.com/go...olar.qst?docId=5000228219

C'mon, tx, you know the narrative . . . "It isn't faaaaaiiiirrr!"
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« Reply #21 on: April 10, 2012, 04:57:52 am »

C'mon, tx, you know the narrative . . . "It isn't faaaaaiiiirrr!"

It's not a circus either! 
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« Reply #22 on: April 10, 2012, 06:27:16 am »

Smoking pot does not cause brain damage.......................................really?
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« Reply #23 on: April 10, 2012, 06:46:14 am »

I forget which talking head was interviewing 0bama before the 008 election about capital gains taxes. 0bama said he would raise capital gains taxes to make it fair. The interviewer said that history has demonstrated that decreasing the capital gains rate the government receives more overall revenue.  0bama admits that this is true. Interviewer then asks if the government gets more money coming in with a lower capital gains rate would 0bama still raise the rate. 0bama says yes he would because it is a matter of fairness.

0bama is just as economically stupid as your typical DUmbass and as equally blinded by rage at successful people. Is it any wonder why the USA has not and never will recover while 0bama is president and his fellow communists are running the government? NO.
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« Reply #24 on: April 10, 2012, 06:51:10 am »

Smoking pot does not cause brain damage.......................................really?

If smoking weed doesn't cause brain damage, then it's evidence of it.
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« Reply #25 on: April 10, 2012, 06:55:16 am »

I heard what could/should be a great talking point on my ride into work last night. Wish I knew who the radio host was.
Anyhoo, here's the point~ The Libtards are always saying "tax the richest the most". O.K., let's say we do. Tax those who are the truly rich, Just those earning $10M per year. Tax them at a rate of 100%. That would provide the government with enough revenue to run for (are you DUmmies paying attention?) 18 days.

Did you DUmmies get that? EIGHTEEN FREAKIN' DAYS!

Obviously taxing our way to a socialist Utopia through squeezing the rich is NOT the answer.
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« Reply #26 on: April 10, 2012, 06:56:59 am »

I forget which talking head was interviewing 0bama before the 008 election about capital gains taxes. 0bama said he would raise capital gains taxes to make it fair. The interviewer said that history has demonstrated that decreasing the capital gains rate the government receives more overall revenue.  0bama admits that this is true. Interviewer then asks if the government gets more money coming in with a lower capital gains rate would 0bama still raise the rate. 0bama says yes he would because it is a matter of fairness.

0bama is just as economically stupid as your typical DUmbass and as equally blinded by rage at successful people. Is it any wonder why the USA has not and never will recover while 0bama is president and his fellow communists are running the government? NO.

I believe it was Maria Bartriomo.

http://money.usnews.com/m...mas-capital-gains-blunder


I believe this is a portion of the interview in which you are talking about.
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« Reply #27 on: April 10, 2012, 12:49:34 pm »

I believe it was Maria Bartriomo.

http://money.usnews.com/m...mas-capital-gains-blunder


I believe this is a portion of the interview in which you are talking about.

Thanks! I saw it on YouTube but, surprise, can't find it there. Funny how all the stupid shit the smartest man in our history continually does gets scrubbed from there.  This is the closest I could find is 0bama doubling down on stupid. http://www.youtube.com/watch?v=54jr3Ceu894

0bama is not a far left ideologue, just ask him.
« Last Edit: April 10, 2012, 12:52:00 pm by jukin » Logged

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« Reply #28 on: April 10, 2012, 01:27:30 pm »

So when is that rich bastard Warren Buffet going to pay the nearly 2 billion in back taxes and when are the losers at the DUmp going to demand that he pays up?


This is one reason that you shouldn't seek the advise of the Galacticaly Stupid when it comes to taxes.  They don't know the difference between income taxes or capital gains taxes or other taxes. It would be funny if it wasn't so sad to watch.
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« Reply #29 on: April 10, 2012, 01:33:44 pm »

There are nuances to that so called 'talking point' , but the bottom line is it is irrefutable = and THAT is why you hate it.

Let me explain this in story form, that way we will minimize the use of all of those yucky numbers and math and stuff...

Dan's Widget Company needs a profit margin of about 5% yearly to remain competitive - which means have the money to pay the bills, the shareholders, the talent, and R&D for the next big thing. If Dan's has a good year where they make maybe 7 or 8%, then they might be able to expand, pay bonuses, hire new talent, upgrade infrastructure, etc etc. They might even bank some of that for a rainy day.

Now, if taxes, fees, etc, increase to the point where Dan's profit margin falls below 5%, what happens ?

Probably nothing at first, but eventually the company will be faced with tough decisions if they can't get back to that 5% baseline soon.

Choices :

A ) Quality reduction - produce the same widget at the same price using less expensive materials. If the product becomes too shoddy, consumers will go elsewhere.

B ) Cut back R&D and focus on the core widget business - if Dan's continues down that path for too long, they will fall behind their competitors, and their widget will no longer be attractive to consumers.

C ) Cut back what they pay their talent - Belt tightening will work for the short run, but talent will expect to get paid what its worth, and if Dan's wont pony up the cash, a competitor surely will.

D ) Decrease the size of business, sell assets. - Works until Dan's ends up housed in a tool-shed in an empty lot someplace.

E ) Decrease the size of business, lay-offs. - Works until Dan's can't keep up with demand, and they lose business to their competitors.

F ) Relocate to a more tax-friendly state/country. - This path is often followed, which is why liberal-run states are losing their businesses to conservative ones. The irony is increased taxes assessed return decreased tax revenue.

G ) Increase the cost of widgets to maintain the 5% bottom line.

F ) Some combination of any or all of the above.

Now take a look at line G - increasing the cost to consumers keeps Dan's in business, and everybody employed. And if it only takes an increase of a few cents on the dollar per widget, nobody will really notice.
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