Political Forums  

Go Back   Defending The Truth Political Forum > Political Issues > Money and Finance > Debt


Thanks Tree24Thanks
Reply
 
LinkBack Thread Tools Display Modes
Old February 2nd, 2016, 10:59 AM   #51
Senior Member
 
Join Date: Jun 2012
Location: In the mind of commie hippies
Posts: 38,895
Quote:
Originally Posted by BubbaJones View Post
If the company were paying no taxes then there wouldn't be any incentives or special deals, other than direct government grants.

The profit that gets passed through would need to be taxed as income and not cap gains. Cap gains would only apply when the stock was sold. Even then I'd say the owner would need to hold it a couple of years to qualify as cap gains. Selling in less than that time would be income.

However I still think the company would need to pay something. After all they don't pass ALL the profit to the stock holders.

Plus lets face it. Even with taxes and regulations this is a pretty good place to do business. Stable government. Decent (but needing repair) infrastructure. Great resources. Decently educated population. These companies reap the benefits so they need to help pay for them.
Passthrough profits are taxed at the applicable ordinary individual tax rate. Capital gains are only applicable if the owner of the shares sells them after holding them for a year. It works the same as buying stocks in the market. All revenue for a year is subject to tax after December 31.
Jimmyb is offline  
Old February 2nd, 2016, 03:19 PM   #52
Senior Member
 
BubbaJones's Avatar
 
Join Date: Mar 2013
Location: Middle Tennessee
Posts: 6,399
Quote:
Originally Posted by RNG View Post
I would agree in principle. But that was my point. Those things need fixing or adjusting.
And there in lies the heart of the problem. With corporations pouring billions into the election and lobbying process, the politicians have become completely dependent on that money. They aren't going to vote against their own best interests, so are not going to pass any meaningful legislation changing it.

I haven't watched much but I think the only candidate that's even talking about campaign reform is Bernie. Which explains why some many people are so adamant he can't possibly win, even though he's been hosting some of the largest political rallies in the country. The media seems sold on a Clinton Trump fight. But surprise surprise Bernie nearly pulled off an upset in Iowa.

The need for campaign reform seems pretty universal on this board. It's one of the few thing we all seem to agree on. I have to wonder just how many voters are so fed up with the broken system, he might just have a chance.

Of course without a major shift in congress, he wouldn't be able to do much. But he'd be a big fat FU to the powers that be.
BubbaJones is offline  
Old February 2nd, 2016, 04:33 PM   #53
RNG
Senior Member
 
RNG's Avatar
 
Join Date: Apr 2013
Location: Between everywhere
Posts: 26,848
Quote:
Originally Posted by BubbaJones View Post
And there in lies the heart of the problem. With corporations pouring billions into the election and lobbying process, the politicians have become completely dependent on that money. They aren't going to vote against their own best interests, so are not going to pass any meaningful legislation changing it.

I haven't watched much but I think the only candidate that's even talking about campaign reform is Bernie. Which explains why some many people are so adamant he can't possibly win, even though he's been hosting some of the largest political rallies in the country. The media seems sold on a Clinton Trump fight. But surprise surprise Bernie nearly pulled off an upset in Iowa.

The need for campaign reform seems pretty universal on this board. It's one of the few thing we all seem to agree on. I have to wonder just how many voters are so fed up with the broken system, he might just have a chance.

Of course without a major shift in congress, he wouldn't be able to do much. But he'd be a big fat FU to the powers that be.
I'm sure in a previous post in this thread I have said something about having to get rid of Citizens United. And if not here, in a lot of other threads.
RNG is offline  
Reply

  Defending The Truth Political Forum > Political Issues > Money and Finance > Debt

Tags
314, 529, 850, debt



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Ponzi: Treasury Issues $1T in New Debt in 8 Weeks—To Pay Old Debt ptif219 Current Events 8 November 28th, 2014 07:29 PM
Why you are worthless unless you are in debt Aplomb1 Money and Finance 4 May 4th, 2014 04:14 PM
Debt limit, TNVolunteer73 Current Events 121 October 22nd, 2013 12:16 AM
Succintly Expressed by a 12 Year Old Girl, How America Got So far in Debt, and How to Get Out of Debt Immediately, Told in Six Minutes Radicalcentrist Debt 0 June 14th, 2012 01:34 PM
US National Debt? liberalguy Debt 26 April 14th, 2005 07:01 AM


Facebook Twitter RSS Feed



Copyright © 2005-2013 Defending The Truth. All rights reserved.