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  1. #76
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    Broke ass motherfuckers arguing the right of the super rich to pay as little tax as they can possibly get away with.

  2. #77
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by Samuel View Post
    I'm not talking about trickle-down
    Yes you are, it's exactly what you're describing.

    You're also noticeably ducking certain questions Samuel:

    Now then any truth to the rumor you're the poster formerly known as FRT and that you're also currently signed up to the TC forum under the 'Samuel' login specifically for the purpose to rant to / at a poster that has you on ignore there?

  3. #78
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    Quote Originally Posted by Samuel View Post
    The problem is that when Biden increases taxes and regulations on businesses it will affect their bottom line and they won't continue to hire employees as they had.
    Then, I am afraid that Amazon would buy less from China and more from US to increase his buying cost, hence reduce his tax - that he does not pay, anyway...

  4. #79
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    Quote Originally Posted by Klondyke View Post
    Then, I am afraid that Amazon would buy less from China and more from US to increase his buying cost, hence reduce his tax - that he does not pay, anyway...
    Nothing wrong with taxing big companies like Amazon, in my opinion.


    I'm talking about small businesses which make up 99% of all U.S. businesses.


    They have been hit hard by the pandemic and Biden should be making policy to help (not hurt) them.




    ------

    What percent of businesses in the US are small businesses?


    There are 30.2 million small businesses in the United States, according to the Small Business Administration's (SBA) Office of Advocacy. Small businesses comprise 99.9 percent of all U.S. businesses.

    usa what percent are small businesses - Google-haku



    -----
    Biden taxes target big companies, so why is small business worried?

    In a recent analysis Nitti wrote for Forbes, he concluded that for businesses currently set up as C corporations — and more went to this structure after the 2017 tax law changes — when coupled with the proposed increase in the corporate rate from 21% to 28%, the combined top rate on shareholders would rise from approximately 40% to near 60%.

    “If I’m a business owner, I’m walking away from this week with two thoughts: I don’t know if my business is going to be in the right structure, and if I don’t plan on continuing to hold the business for the long-term, I better expedite my exit strategy if capital gains is truly going to double in the future,” Nitti said.

    Roughly 75% of the small business community feels that the government prioritizes large corporations over small ones, according to the Ewing Marion Kauffman Foundation, and many support more taxation of large corporations. The Biden administration said there will be protections for farms and family-owned businesses passing between generations, but experts say it remains unclear what specific policy details will protect these entities.

    “Tax policy is the biggest negative from my perspective. Small to mid-sized businesses want to operate in a policy environment of stability,” Kerrigan said. “The back and forth over tax rates makes it difficult to plan.”

  5. #80
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    Do we finally get to see The donalds tax returns, or is he too much of a peewee to make it onto this list?

  6. #81
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    Quote Originally Posted by AntRobertson View Post
    You're also noticeably ducking certain questions Samuel
    That is what FaRT does.

  7. #82
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by bsnub View Post
    That is what FaRT does.
    True. He really is one of the most specious and disingenuous posters ever to be on TD.

    Can't debate to save himself. Weak. So. Weak.



    Q.E.D.

    Quote Originally Posted by Samuel View Post
    They have been hit hard by the pandemic and Biden should be making policy to help (not hurt) them.
    Like the stimulus measures that every single GOP rep voted against.

  8. #83
    Achieve By Unity cyrille's Avatar
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  9. #84
    ความรู้ลึกลับ HuangLao's Avatar
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    Quote Originally Posted by nidhogg View Post
    Broke ass motherfuckers arguing the right of the super rich to pay as little tax as they can possibly get away with.
    Kinda universal, ain't it?
    Instead of invoking a practice of rising revolt, much more comforting to display angst, theories, and what passes for debate on some obscure forum.

  10. #85
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    Quote Originally Posted by AntRobertson View Post
    Like the stimulus measures that every single GOP rep voted against.


    There was BIG bipartisan support for Trump's covid relief bills because it was just about relief and didn't include any money for Republican pet projects.


    Biden's bill wasn't just covid relief, but also everything on Democrats' Santa wish list was included.


    Also, Republicans predicted that extending $2,000 checks too long (through September) will mean that people will stay home rather than get back to work as the economy is starting to boom again.


    Many Republican states now are ending that Federal money and instead are giving that money to people IF they get a job.




    ------
    States ending unemployment offering a return-to-work bonus up to $2,000





    The states are withdrawing two or more months before their scheduled end date on Sept. 6. Officials claim the extra benefits are causing workers to stay on the sidelines, making it harder for businesses to hire.


    Four of the states — Arizona, Montana, New Hampshire and Oklahoma — are paying return-to-work bonuses in lieu of the enhanced unemployment benefits to encourage residents to accept jobs.

    “In Arizona, we’re going to use federal money to encourage people to work instead of paying people not to work,” Gov. Doug Ducey said last week.


    The state’s Back to Work program offers one-time $1,000 payments to unemployment recipients who accept a part-time job and $2,000 to full-timers.

    New Hampshire, via its Summer Stipend Program, is paying $500 and $1,000 bonuses for part- and full-time positions, respectively. Montana and Oklahoma are paying $1,200 to those who accept full-time work.
    Last edited by Samuel; 11-06-2021 at 07:43 PM.

  11. #86
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    I read somewhere once that when America was founded, the Constitution stated no private person will pay tax?
    And the currency will be based in Gold?

  12. #87
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by havnfun View Post
    I read somewhere once that when America was founded, the Constitution stated no private person will pay tax?
    Maybe call the IRS and inform them they should shut down because you read something somewhere once?

  13. #88
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  14. #89
    Thailand Expat AntRobertson's Avatar
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    Can’t count, can’t read. Figures.

  15. #90
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    Sorry for your issues there Ant, one day when you grow up you can be a fireman though.

  16. #91
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by havnfun View Post
    Sorry for your issues there Ant, one day when you grow up you can be a fireman though.
    So you now know that nothing in the constitution states that private persons don’t have to pay tax.

    Apology accepted.

  17. #92
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    Quote Originally Posted by AntRobertson View Post
    So you now know that nothing in the constitution states that private persons don’t have to pay tax.

    Apology accepted.
    Until 1913, customs duties (tariffs) and excise taxes were the primary sources of federal revenue.[3] During the War of 1812, Secretary of the Treasury Alexander J. Dallas made the first public proposal for an income tax, but it was never implemented.[4] The Congress did introduce an income tax to fund the Civil War through the Revenue Act of 1861.[5] It levied a flat tax of three percent on annual income above $800. This act was replaced the following year with the Revenue Act of 1862, which levied a graduated tax of three to five percent on income above $600 and specified a termination of income taxation in 1866. The Civil War income taxes, which expired in 1872, proved to be both highly lucrative and drawing mostly from the more industrialized states, with New York, Pennsylvania, and Massachusetts generating about sixty percent of the total revenue that was collected.[6] During the two decades following the expiration of the Civil War income tax, the Greenback movement, the Labor Reform Party, the Populist Party, the Democratic Party and many others called for a graduated income tax.[6]
    The Socialist Labor Party advocated a graduated income tax in 1887.[7] The Populist Party "demand[ed] a graduated income tax" in its 1892 platform.[8] The Democratic Party, led by William Jennings Bryan, advocated the income tax law passed in 1894,[9] and proposed an income tax in its 1908 platform.[10] Proponents of the income tax generally believed that high tariff rates exacerbated income inequality, and wanted to use the income tax to shift the burden of funding the government away from working class consumers and to high-earning businessmen.[11]
    Before Pollock v. Farmers' Loan & Trust Co., all income taxes had been considered to be indirect taxes imposed without respect to geography, unlike direct taxes, that have to be apportioned among the states according to population.[12][13]

    Here, read and look at the dates brother, https://teakdoor.com/redirect-to/?re...s_Constitution

  18. #93
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    Quote Originally Posted by AntRobertson View Post
    So you now know that nothing in the constitution states that private persons don’t have to pay tax.

    Apology accepted.
    Well I have to admit, that I could not find it in the original constitution. So Apology made to Ant.

  19. #94
    fully fledged Mutt-packer TheRealKW's Avatar
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    Quote Originally Posted by nidhogg View Post
    Broke ass motherfuckers arguing the right of the super rich to pay as little tax as they can possibly get away with.
    I just don't get that.

    How did Trump, born into wealth, living in wealth somehow become the champion of the working class.


  20. #95
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by TheRealKW View Post
    I just don't get that.

    How did Trump, born into wealth, living in wealth somehow become the champion of the working class.
    Read an interesting piece a while back that I can't remeber precisely now or do justice to, but the premise was basically that he made it OK to be a boorish, bigoted asshole again for people who thought that they had been unfairly persecuted for being boorish, bigoted assholes.

    It was like 'Oh hey look, the president is a racist muthafucka I can be too!'
    I remain an intelligent,

    educated polymath

    --LatinKaren

  21. #96
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    Quote Originally Posted by TheRealKW View Post
    Quote Originally Posted by Samuel View Post
    It's just common sense, ant: Pretend that you are a business owner whose business is doing great with a big company and many employees. Then, a new president comes in and increases regulations and taxes on your business which affects your bottom line. Will you continue to hire new employees like you did before the new president came in with his policies or think twice about doing that?
    *sigh*
    So, King Willy: Do you think that small businesses — which make of 99% of all U.S. businesses — should be hit with higher taxes and regulations while just emerging from the pandemic?



    -----------------

    Biden taxes target big companies, so why is small business worried?





    Biden taxes target big companies, so why is small business worried?

    In a recent analysis Nitti wrote for Forbes, he concluded that for businesses currently set up as C corporations — and more went to this structure after the 2017 tax law changes — when coupled with the proposed increase in the corporate rate from 21% to 28%, the combined top rate on shareholders would rise from approximately 40% to near 60%.

    “If I’m a business owner, I’m walking away from this week with two thoughts: I don’t know if my business is going to be in the right structure, and if I don’t plan on continuing to hold the business for the long-term, I better expedite my exit strategy if capital gains is truly going to double in the future,” Nitti said.

    Roughly 75% of the small business community feels that the government prioritizes large corporations over small ones, according to the Ewing Marion Kauffman Foundation, and many support more taxation of large corporations. The Biden administration said there will be protections for farms and family-owned businesses passing between generations, but experts say it remains unclear what specific policy details will protect these entities.

    “Tax policy is the biggest negative from my perspective. Small to mid-sized businesses want to operate in a policy environment of stability,” Kerrigan said. “The back and forth over tax rates makes it difficult to plan.”

  22. #97
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    It seems to be assured that Democrats will lose the house next year — and possibly the Senate.

    Biden imposing higher taxes and regulations on small businesses could make Democrats even more unpopular at the polls in 2022.

    --------------

    While Biden claims to support small businesses, many of the policies like the PRO Act penalize small-business owners while larger corporations walk away relatively unscathed. Small businesses can be fragile, and more regulations and restrictions on top of the recent pandemic closures could result in fewer and fewer successful small businesses. According to a new study by the Federal Reserve, an additional 200,000 businesses closed in the past year due to the pandemic. Successful small business owners are often lumped into the same category as billion-dollar corporations who can better absorb the increased costs.

    We need small businesses to succeed now more than ever to continue to regain a strong economy. To do so, the public needs to understand the perspective of these business owners, including the struggles they’ve faced in the last year and Biden’s proposed policies that could devastate them.

    Is President Biden Attacking Small Business on Purpose?

  23. #98
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    Quote Originally Posted by Samuel View Post
    small businesses which make up 99% of all U.S. businesses.
    Not any longer, gone permanently.

  24. #99
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    Bidder pays $28m for space trip with Amazon's Bezos

    A mystery bidder has paid $28m (£20m) for a seat on Amazon founder Jeff Bezos's first crewed spaceflight by the billionaire's Blue Origin company.

    This winning bid was made at Saturday's auction, with Blue Origin tweeting that the winner's identity would be revealed in the coming weeks.

    The bidding process attracted interest from more than 140 countries.

    The other two crew members of the 20 July flight are Mr Bezos' brother Mark and an unnamed space tourist.

    After a nearly month-long bidding process the top bid had stood at just under $5m - but once Saturday's online auction got under way that figure rose more than five times.

    "The winning bid amount will be donated to Blue Origin's foundation, @ClubforFuture," Blue Origin tweeted.

    Mr Bezos has a net worth of $186.2bn (£131.5bn), according to Forbes magazine. This makes him one of the world's richest people.

    "On July 20th, I will take that journey with my brother," he wrote in a post on Instagram earlier this week. "The greatest adventure, with my best friend."

    Mr Bezos' brother Mark described the planned flight on Blue Origin's launch vehicle New Shepard as a "remarkable opportunity".

    Bidder pays $28m for space trip with Amazon'''s Bezos - BBC News

  25. #100
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    ^So, who would be angry that the good man does not pay his tax?
    How else could he contribute to such wonderful development that brings so much benefit to world population...

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