tag:blogger.com,1999:blog-12346369.post5912429003291888872..comments2024-01-07T04:17:25.735-07:00Comments on Rabid Sanity: We're #1 (Almost)Stevehttp://www.blogger.com/profile/15133076527504338868noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-12346369.post-62396260749407881752008-03-28T07:59:00.000-06:002008-03-28T07:59:00.000-06:00You are wrong in several places. First the details...You are wrong in several places. <BR/>First the details – no corporation that I know of is paying the rates of tax that you list – no state would dare tax them at 25%. Montana’s rate is 6.75%, and by the time the shell game is done wherein corporations mask profits by moving overhead into the state on the books, very little of that is paid. And few corporations pay the 35% rate – as I mentioned, Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12346369.post-89036504981408468152008-03-28T07:06:00.000-06:002008-03-28T07:06:00.000-06:00Okay Mark - could you explain to me how this works...Okay Mark - could you explain to me how this works?<BR/>Take a profit of $100 for the corporation. $35 goes to the feds, and $25 goes to the state. Taking over half the profit seems closer to socialism than to good tax policy. But that aside, if the corporation wants to net $40 profit to be paid out to investors, they have to raise their prices for the consumer. <BR/>Reduce the taxes to 33% Stevehttps://www.blogger.com/profile/15133076527504338868noreply@blogger.comtag:blogger.com,1999:blog-12346369.post-51251069006297664992008-03-27T21:55:00.000-06:002008-03-27T21:55:00.000-06:00Wolfpack - last I looked, wages and earnings of in...Wolfpack - last I looked, wages and earnings of individuals were double-taxed, and dividends get off easy, with special tax rates applied, while corporations carry about only 7% of our tax burden. <BR/><BR/>What about the argument of optimum pricing? If prices are indeed optimized, then doesn't taxation affect stockholders more than customers?<BR/><BR/>And isn't that the problem - corporation Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12346369.post-78316483898234681392008-03-27T17:12:00.000-06:002008-03-27T17:12:00.000-06:00Checker: You are cruel, but funny.Checker: You are cruel, but funny.Stevehttps://www.blogger.com/profile/15133076527504338868noreply@blogger.comtag:blogger.com,1999:blog-12346369.post-41025240460818625502008-03-26T20:27:00.000-06:002008-03-26T20:27:00.000-06:00Oh go on, Mark Trotsky. You’ve missed all the bes...Oh go on, Mark Trotsky. You’ve missed all the best parties on the block because of your commie Puritanism. Now look at you: middle aged, still railing against the world, and thinking about retirement in a trailer park.<BR/><BR/>PS: I’m short XOM at 89. Ha ha ha…Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12346369.post-12595717701953846022008-03-26T19:35:00.000-06:002008-03-26T19:35:00.000-06:00Of course corporation pay no taxes, they are paper...Of course corporation pay no taxes, they are paper entities, only people pay taxes. The taxes come out of pre-distributed dividends and then the dividends are taxed again after distribution. What social need is served by taxing the same income twice, once with no regard to the recipient's ability to pay and again based on their ability to pay.WolfPackhttps://www.blogger.com/profile/16009306270609164133noreply@blogger.comtag:blogger.com,1999:blog-12346369.post-44916227271488025992008-03-26T18:14:00.000-06:002008-03-26T18:14:00.000-06:00The idea that corporations pay no taxes is a canar...The idea that corporations pay no taxes is a canard spread by ... corporations, of course. Since they pay no taxes, and are merely pass through entities, why do you care? Why do they care?<BR/><BR/>You fly in the face of market theory that says that producers always optimize prices. If indeed prices are optimized, then levying a tax on profits will be borne by stockholders.<BR/><BR/>And the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12346369.post-34024666717480137112008-03-25T08:40:00.000-06:002008-03-25T08:40:00.000-06:00Exxon is a publicly held company that has been pay...Exxon is a publicly held company that has been paying dividends forever. There is nothing stopping the whiners from making money off Exxon.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12346369.post-57155322842794088882008-03-25T06:09:00.000-06:002008-03-25T06:09:00.000-06:00Like you, I luckily got in at around $45 a share. ...Like you, I luckily got in at around $45 a share. I guess he's just jealous.Stevehttps://www.blogger.com/profile/15133076527504338868noreply@blogger.comtag:blogger.com,1999:blog-12346369.post-50506180567954533792008-03-24T22:04:00.000-06:002008-03-24T22:04:00.000-06:00It reminds me of a conversation in the bar I had a...It reminds me of a conversation in the bar I had a while back. A guy was complaining to me about the grossly excessive profits Exxon was racking up. He expected me to chime in but I told him I owned significant (for me anyway) shares of Exxon and I was more than happy with it's success. He then told me he wasn't made at the shareholders but at the F---in corporation. How do you argue with that?WolfPackhttps://www.blogger.com/profile/16009306270609164133noreply@blogger.comtag:blogger.com,1999:blog-12346369.post-69845227910468996572008-03-24T21:51:00.000-06:002008-03-24T21:51:00.000-06:00Yes, an interesting concept that most tax zealots ...Yes, an interesting concept that most tax zealots do not understand: Corporations are pass-through entities when it comes to certain costs, income taxes being one example, affirmative action being another.Anonymousnoreply@blogger.com