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[nova]

zartan, on 05 September 2012 - 09:43 AM, said:

How much do we have to grease these guys to get them to lend money, hire people domestically or keep their accounts at home?

Sounds like they have to recoup everything it would cost plus making a significant profit to consider it.
Extortionist bastards

Let met ask you this z, say you're engaged in business overseas.  The money you make overseas will always be subject to the taxes of the locale in which it's earned.  If you're in Germany you pay German taxes, in France French taxes, etc etc.  You have two choices with what to do with the remaining income from those ventures.

1.  You can bring it back to the US.  As soon as it crosses the US border, it's subject to US income tax on top of the foreign taxes already paid, eroding the amount you have available to continue doing business.

2.  You can leave it overseas where it's subject to no further taxes, leaving the maximum amount possible for use in continued business operations.

Which of those options seems smartest to you?  I mean tell me, have you ever voluntarily paid more in taxes than absolutely necessary?

It's like I said, as far as countries that levy taxes on foreign income, it's us, the Phillipines and a couple of Stans in central Asia.  EVERY SINGLE OTHER COUNTRY IN THE WORLD realizes how stupid it is to discourage people from bringing money back into the country.

Edited by nova, 05 September 2012 - 09:51 AM.

[the Paradox]

I am afraid that Obama will win this election.

                                                                      1. This country simply has too many people on the government handout list.
                                                                      2. There are more uneducated voters in the US than ever before.
                                                                      3. There are too many people in this country that want the government to take care of them and their problems. It is much easier than thinking for ourselves and working diligently.


RTR

[the Paradox]

zartan, on 05 September 2012 - 09:43 AM, said:

How much do we have to grease these guys to get them to lend money, hire people domestically or keep their accounts at home?

Sounds like they have to recoup everything it would cost plus making a significant profit to consider it.
Extortionist bastards

How dare those bastards expect to make a profit!  All hail Vladimir


RTR

[Dawgfan4life24]

nova, on 05 September 2012 - 09:50 AM, said:

Let met ask you this z, say you're engaged in business overseas.  The money you make overseas will always be subject to the taxes of the locale in which it's earned.  If you're in Germany you pay German taxes, in France French taxes, etc etc.  You have two choices with what to do with the remaining income from those ventures.

1.  You can bring it back to the US.  As soon as it crosses the US border, it's subject to US income tax on top of the foreign taxes already paid, eroding the amount you have available to continue doing business.

2.  You can leave it overseas where it's subject to no further taxes, leaving the maximum amount possible for use in continued business operations.

Which of those options seems smartest to you?  I mean tell me, have you ever voluntarily paid more in taxes than absolutely necessary?

It's like I said, as far as countries that levy taxes on foreign income, it's us, the Phillipines and a couple of Stans in central Asia.  EVERY SINGLE OTHER COUNTRY IN THE WORLD realizes how stupid it is to discourage people from bringing money back into the country.

You my friend have it figured out.

[zartan]

the Paradox, on 05 September 2012 - 09:54 AM, said:

How dare those bastards expect to make a profit!  All hail Vladimir


RTR

There's a difference between making a profit and extorting the government

[zartan]

nova, on 05 September 2012 - 09:50 AM, said:

Let met ask you this z, say you're engaged in business overseas.  The money you make overseas will always be subject to the taxes of the locale in which it's earned.  If you're in Germany you pay German taxes, in France French taxes, etc etc.  You have two choices with what to do with the remaining income from those ventures.

1.  You can bring it back to the US.  As soon as it crosses the US border, it's subject to US income tax on top of the foreign taxes already paid, eroding the amount you have available to continue doing business.

2.  You can leave it overseas where it's subject to no further taxes, leaving the maximum amount possible for use in continued business operations.

Which of those options seems smartest to you?  I mean tell me, have you ever voluntarily paid more in taxes than absolutely necessary?

It's like I said, as far as countries that levy taxes on foreign income, it's us, the Phillipines and a couple of Stans in central Asia.  EVERY SINGLE OTHER COUNTRY IN THE WORLD realizes how stupid it is to discourage people from bringing money back into the country.

So it's cool for poor people not to pay either, right? I mean, who would voluntarily do that?

[Darth Vader]

zartan, on 05 September 2012 - 09:16 AM, said:

What's the assault? Suggesting that they don't need more tax breaks? If they are willing to back policies that would hurt their own wallet for the good of the country, what's wrong with that?

You could take every penny from the 1% and all you will have accomplished is the destroy what's left of this economy and not even put a dent in the ocean of debt this government owes.

I don't think you comprehend how deep in the shit we really are when it comes to debt. Look at it this way, When Obama came into office in 2009, the IRS reported that 81,890,189 tax returns were filed that showed taxable incomes. That's the number of actual tax payers we had then, not just people who pay nothing but get $8,000 "tax refunds".  If all the tax paying Americans were given an equal share of the Federal debt, each and every American tax payer would have to pay almost $195,000.00 in taxes to pay it off. Do you understand that? This government has sunk so far into debt that it would take just under $200K from every American tax payer to get us back to 0.

[the Paradox]

zartan, on 05 September 2012 - 09:59 AM, said:

So it's cool for poor people not to pay either, right? I mean, who would voluntarily do that?

Poor people do not pay income taxes.

RTR

[rwspear]

SECats, on 05 September 2012 - 07:15 AM, said:

Top 5% of money earners pay 64% of the income taxt paid in the USA, yet they occupy only 26% of households with a median income of $267,800 annually.

BTW....Julian Castro is a rising star in the Democratic Party?  LOLOLOLOLOLOLOLOLOLOL  The future looks bright for the GOP!  

its called income disparity. its a red flag.

Edited by rwspear, 05 September 2012 - 10:01 AM.

[Hothotz]

How about we just stop throwing money away with NASA. Yeah ok it's cool when we are banking, but do we really give a shit about if there was ice on mars two million years ago?

[SECorBust]

In the end it doesn't matter.

I hate the notion of class warfare, but it pisses me off that I pay near 30% tax rate while billionaires skate by on 14%.  No I don't care that it is capital gains tax.  But the trick is in fighting those off shore accounts to keep the tax rate down enough to keep some of that money back home and paying taxes.  Either way you slide the bar the net is the same.  There is really no good solution to the problem.

The two candidates are more similar than either side will acknoledge.

Crap seems highly unstable in the middle east and they are as POed at us as they have ever been.  It's not a good time to drastically cut the defense budget IMO.

[Hothotz]

zartan, on 05 September 2012 - 09:59 AM, said:

So it's cool for poor people not to pay either, right? I mean, who would voluntarily do that?

Outstanding rebuttal Sir......

[nova]

zartan, on 05 September 2012 - 09:59 AM, said:

So it's cool for poor people not to pay either, right? I mean, who would voluntarily do that?

Quit deflecting and answer the question.  Have you ever voluntarily paid more in taxes than you were legally required to?

Let me just go ahead and bet my money on NO, that you've never paid one dime more than you had to.

[KneesInTheBreeze]

20 mil at 14% = $2,800,000 in taxes paid by Romney for a year.
Couple that with the investments, business expansions, etc. which created jobs, and you see how dumb it is to try and burden such folks with unfair tax rates which would eliminate jobs and small business growth.

[zartan]

Darth Vader, on 05 September 2012 - 10:00 AM, said:

You could take every penny from the 1% and all you will have accomplished is the destroy what's left of this economy and not even put a dent in the ocean of debt this government owes.

I don't think you comprehend how deep in the shit we really are when it comes to debt. Look at it this way, When Obama came into office in 2009, the IRS reported that 81,890,189 tax returns were filed that showed taxable incomes. That's the number of actual tax payers we had then, not just people who pay nothing but get $8,000 "tax refunds".  If all the tax paying Americans were given an equal share of the Federal debt, each and every American tax payer would have to pay almost $195,000.00 in taxes to pay it off. Do you understand that? This government has sunk so far into debt that it would take just under $200K from every American tax payer to get us back to 0.

Yeah. Now, given that scenario, explain to me why we should give cuts to top earners and expand the defense budget