| Author |
Topic:
Obama to cut taxes for his corporate masters by 7% bwahha [Locked] |
Rosaria  Title: They call me Mellow Yellow, quite rightly.
Posts: 477
Registered: 2003-8-22 10:07:30
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Date Posted:
1/1/00 12:00am
Subject:
Obama to cut taxes for his corporate masters by 7% bwahha |
Sin_of_Onin posted:
The Republicans have to decide what they want to make a priority. Obama has already given a lot of ground but the proposal is revenue neutral. In the end I don't think it will be.
I don't think it will be either. Nor do I think this has anything to do with international competition.
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"Them Bollinger Bands on the DJIA are starting to look like columns of projectile vomit." ~ Red Pill
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Sin_of_Onin  Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:01am
Subject:
Obama to cut taxes for his corporate masters by 7% bwahha |
Rosaria posted:
I don't think it will be either. Nor do I think this has anything to do with international competition.
So you don't know what the Republican plan is but it doesn't have anything to do with competition?
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"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
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"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
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Rosaria Title: They call me Mellow Yellow, quite rightly.
Posts: 477
Registered: 2003-8-22 10:07:30
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Date Posted:
1/1/00 12:01am
Subject:
Obama to cut taxes for his corporate masters by 7% bwahha |
Sin_of_Onin posted:
Rosaria posted:
I don't think it will be either. Nor do I think this has anything to do with international competition.
So you don't know what the Republican plan is but it doesn't have anything to do with competition?
I'm talking about Obama's proposals. I have no idea what the Republicans are going to counter-propose and said that. I'm not going to bother speculating until I see specifics discussed in the house and senate, if it gets that far.
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"Them Bollinger Bands on the DJIA are starting to look like columns of projectile vomit." ~ Red Pill
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:01am
Subject:
Obama to cut taxes for his corporate masters by 7% bwahha |
Then how can you say that lowering rates doesn't help competitiveness?
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"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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Rosaria Title: They call me Mellow Yellow, quite rightly.
Posts: 477
Registered: 2003-8-22 10:07:30
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Date Posted:
1/1/00 12:01am
Subject:
Obama to cut taxes for his corporate masters by 7% bwahha |
Sin_of_Onin posted:
Then how can you say that lowering rates doesn't help competitiveness?
I don't say that. What I'm questioning is the belief expressed in this thread that Obama's tax proposal really represents an increase in effective tax rates? Is that true or not? What's the end result going to be? If I'm a businesswoman with investments all over the globe is this proposal going to lean me towards expansion in the US?
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"Them Bollinger Bands on the DJIA are starting to look like columns of projectile vomit." ~ Red Pill
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:01am
Subject:
Obama to cut taxes for his corporate masters by 7% bwahha |
Rosaria posted:
Sin_of_Onin posted:
Then how can you say that lowering rates doesn't help competitiveness?
I don't say that. What I'm questioning is the belief expressed in this thread that Obama's tax proposal really represents an increase in effective tax rates? Is that true or not? What's the end result going to be? If I'm a businesswoman with investments all over the globe is this proposal going to lean me towards expansion in the US?
As stated the proposal is meant to be revenue neutral. It also lowers marginal rates. That clearly means that the effective tax rates will change depending on how the companies are impacted by the changes in the base.
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"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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Date Posted:
1/1/00 12:01am
Subject:
Obama to cut taxes for his corporate masters by 7% bwahha |
Sin_of_Onin posted:
Eager_Igraine posted:
Sin_of_Onin posted:
What do Republicans want? That is really what is missing.
Corp taxes lowered to 18-25% iirc.
Is that really it? I would imagine most of the debate will not be around the rate but the basis.
That's what the talking heads were on about this morning on the radio. from the OP article:
Quote:
posted: Representative Dave Camp, a Michigan Republican who heads the House Ways and Means Committee, has released part of a proposed corporate tax overhaul. Camp proposed a 25 percent top rate and changes to the international tax system that would let companies avoid paying U.S. taxes on most of the income they earn outside the country.
Last week, Camp urged Geithner to propose a comprehensive tax-code overhaul that would include changes to corporate and individual taxation.
The proposals from the administration and Camp are designed to not increase the federal budget deficit, in contrast with policies promoted by the Republican presidential candidates.
Mitt Romney, the former Massachusetts governor, wants to reduce the corporate tax rate to 25 percent before eliminating any tax breaks. Rick Santorum, the former Pennsylvania senator, wants to cut the rate to 17.5 percent and eliminate corporate taxes for manufacturers.
Newt Gingrich, the former House speaker, wants to cut the rate to 12.5 percent and let companies write off all capital investments immediately.
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I radiate more heat than light.
I know what you're trying to do but you're just sailing another failboat over the falls. - imaloon1
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-Myk- Title: Not a War Criminal
Posts: 373
Registered: 2004-11-15 19:27:42
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Date Posted:
1/1/00 12:01am
Subject:
Obama to cut taxes for his corporate masters by 7% bwahha |
The main proposal for reform would slash the corporate tax rate to 28% from 35% and pay for the reduction by eliminating "dozens" of business tax breaks. There are currently more than 130 on the books.
Cut it to 25% and get rid of all the breaks.
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Groucho48  Posts: 821
Registered: 2003-10-22 03:00:14
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Date Posted:
1/1/00 12:01am
Subject:
Obama to cut taxes for his corporate masters by 7% bwahha |
I read that last year corporations paid the lowest rate of taxes in decades. Around 12%.
I have no problem lowering the rate if the tax loopholes that are removed bring the rate up to, say, the average for the last 40 years.
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“Science is like sex: sometimes something useful comes out, but that is not the reason we are doing it.†– Richard Feynman
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Moe_Nox Title: In Moe We Trust
Posts: 1,962
Registered: 2007-2-4 12:17:56
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Date Posted:
1/1/00 12:01am
Subject:
Obama to cut taxes for his corporate masters by 7% bwahha |
Sinlock posted:
Moe has never been interested in real discussion and would rather obfuscate facts and act like an all around ass.
He's essentially stuck in the 2004 "I R Playing the Outpost Game!" version of things and never really broke out of it.
The kid that ends nearly every post he makes about politics with "I am voting for Obama' isn't interested in nor really deserves a conversation. 
Stick to writing pretentious drivel about movies and groveling for hits for your website. 
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The Nanny State cometh
Currency should be bacon cheeseburgers and blow jobs... - Reese
Life at the Outpost: http://www.collegehumor.com/video:1771556
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