tag:blogger.com,1999:blog-8358039.post2094270834633203234..comments2024-03-25T15:17:04.488-07:00Comments on Captain Capitalism: Math Proves the Left's Obsession With Corporate Taxes is FutileCaptain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-8358039.post-91342882454469627652017-03-02T17:30:14.101-08:002017-03-02T17:30:14.101-08:00So here's the question to ask all those "...So here's the question to ask all those "lefties" that say we need to tax corporations and the rich more than the 60% they already pay. Cause, you know, the truth is just and "idea" that needs to be spun. Let's use some numbers, just to get an idea. They are probably way off in sum total, but the idea will remain scale able. So let's say there's 100,000 businesses that at the current corporate rate of 35% pay $100 billion in taxes, that's $1 million per business. Now if you raise that 15% to 50% you would increase the amount of taxes from $100 billion to $115 billion. However, since there are 95 million OUT of the workforce, lets look at putting 50% of them BACK into the workforce each earning $40k a year and tax them at 28%. That's now taxing $1.9 trillion in wages at 28% or $532 billion in taxes. That's a net INCREASE in revenue to the govt of $521 billion each year! Why you ask? Simple math actually. You've increased the NUMBER of taxable entities from 100,000 to 45,100,000. You can see here how you could quite easily DECREASE the TOTAL amount of tax each entity pays, and still DRAMATICALLY increase the amount of total revenue. But that's a difficult idea to explain when it's much easier to vilify those "nasty corporations". Not to mention, you have to do a bit of math. Raising taxes on the "rich" that have the means to move, simply gave them an incentive to do just that. It only hurts the little guy, who now has to "cover" the lost revenue. It's a downward spiral you cannot get out of. Put LOTS of people to work, you get LOTS of revenue. Simple math, really. But Nancy Pelosi, and many others, would like you to believe her fairy tale of "the best way to stimulate the economy is thru unemployment insurance". Say huh? So, let's look at that. Yesterday you were making $50k and had some disposable income for trips, replacing your broken fridge, etc. Now today, you're unemployed and the unemployment rate is 50% of your previous income, max. So now you're barely hanging onto your house, car, gym membership, etc. Your insurance bill just ballooned to 5 times what it was since you're now on Cobra. You're searching yard sales for a bargain fridge to replace your $1500 model that broke down. Have sold your beemer for a dodge. But somehow, YOU are the BEST way to stimulate the economy....please! I don't have a dump truck big enough to haul that load of hoey. I could go on, and on, and on, and on but my puppy has to potty. Have a wonderful day with your favorite "lefty"! But don't expect the truth to matter.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-60275524354634624462015-05-01T01:44:32.394-07:002015-05-01T01:44:32.394-07:00Hey buddy, thanks for another prompt. Wrote on yo...Hey buddy, thanks for another prompt. Wrote on you here: <br /><br /><a href="http://higharka.blogspot.com/2015/05/corporate-taxes.html" rel="nofollow">Corporate Taxes.</a> High Arkahttps://www.blogger.com/profile/14723123626955733759noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-83411068003709020772015-04-21T10:58:10.843-07:002015-04-21T10:58:10.843-07:00Robert What?:
Look up FATCA.Robert What?:<br /><br />Look up FATCA.Kristophrhttps://www.blogger.com/profile/08370888276707569365noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-6201371313981585102015-04-20T16:24:38.688-07:002015-04-20T16:24:38.688-07:00Ultimately the Left will want to overturn the 13th...Ultimately the Left will want to overturn the 13th Amendment and force producers to produce under the barrel of a gun.Robert What?https://www.blogger.com/profile/03863449539859132763noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-87706492812816903122015-04-20T14:27:03.430-07:002015-04-20T14:27:03.430-07:00(Reuters) - Israel's finance and economy minis...(Reuters) - Israel's finance and economy ministries on Monday approved a plan by Intel Corp to invest $6 billion in the upgrade of its chip manufacturing plant, in what would be the largest single investment by a foreign company in the country<br /><br /><b>Intel will receive a government grant of $300 million over five years and will be eligible to pay a corporate tax rate of only 5 percent for a 10-year period, the ministries said.<br /><br />The U.S. chip giant plans to hire close to 1,000 more workers at the plant in the southern town of Kiryat Gat by 2023, in addition to the 2,500 that already work there.</b><br /><br /><a rel="nofollow">http://www.reuters.com/article/2014/09/22/us-israel-intel-plant-idUSKCN0HH1F720140922</a><br /><br />just an example :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-15958268111853617892015-04-20T12:42:07.316-07:002015-04-20T12:42:07.316-07:00
Intel has been granted a discounted tax rate of 5...<br />Intel has been granted a discounted tax rate of 5pc and $300m (€233m) by the Israeli government in exchange for developing its chip manufacturing facility there.<br /><br /><br /><br /><br />http://www.independent.ie/business/world/israel-gives-intel-5pc-corporation-tax-rate-and-stateaid-for-chip-facility-30606777.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-1214812128280663502015-04-20T12:09:33.355-07:002015-04-20T12:09:33.355-07:00Dealing with tax havens is easy. Compete with them...Dealing with tax havens is easy. Compete with them.<br /><br />Set the individual and corporate tax to a flat 12 or 13 percent, and be done with it.<br /><br />Companies and rich individuals will flock to the US, and tax revenues will go up. Why bother with jurisdiction arbitrage when you can get a better rate here?Kristophrhttps://www.blogger.com/profile/08370888276707569365noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-6899524407699521282015-04-20T11:32:55.354-07:002015-04-20T11:32:55.354-07:00The debt us never going away. the question is: if ...The debt us never going away. the question is: if the government has to spend, what's the best way to allocate capital?grey enlightenmenthttp://greyenlightenment.comnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-76582708841922685302015-04-20T10:03:08.392-07:002015-04-20T10:03:08.392-07:00Oh, I love you, nigger! Brilliant stuff.Oh, I love you, nigger! Brilliant stuff.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-19707940475925924412015-04-20T07:23:33.959-07:002015-04-20T07:23:33.959-07:00Something interesting that I should mention is lio...Something interesting that I should mention is lionoftheblogosphere (I believe he is on your list) has been arguing for more taxes on the rich. <br /><br />This is not to say the manosphere have to be a monolith all agreeing to one thought, but some addressing on points would be likable. Dreamernoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-38741974714309348132015-04-20T06:55:39.851-07:002015-04-20T06:55:39.851-07:00I need to point out a few holes in your argument. ...I need to point out a few holes in your argument. Not trying to be a prick, just something I can see and you should note in some way.<br /><br />All the rich countries you noted are all tiny countries. Even if you just go by population instead - like Hong Kong, there's seems to indicate a scalability issue with wooing corporations with low or no taxes. It seems their sizes plays a role in allowing them to enjoy wealth despite the lack of taxes to gain it. <br /><br />Your 7.9 trillion argument is roughly 43% of the deficit. You're right that it that's not enough to cover the debt, but 43% is not insignificant. <br /><br />In one of the manosphere bloggers recently argued of how we should care about things - he used as as an example - a $300 million a year education program. He mentioned that is a tiny amount to the overall budget and yet he argues we need to start caring about such "little things". So if numbers like that matters, so should the idea of revenue that can cover up to 43%. <br /><br />Of course, I recognize that reality we can capture less than that number. All these numbers is still back-of-the-napkin. But I would imagine it's a lot easier to reduce spending of something like 13 trillion than 18.1 trillion.<br /><br />If you're saying Leftist been arguing just pure taxes can fix that entire amount. Very well, that is mathematically impossible. But if you're saying we shouldn't look at that as an option at all because it can't fox 100%, then that's a problematic argument.<br /><br />Also I should mentioned I liked your previous post before where you noted rival countries' tax rates as an argument that we can tax corporations that high than this one. As I see isusses above.Dreamernoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-21808181452806229242015-04-20T06:36:17.445-07:002015-04-20T06:36:17.445-07:00Mafths is hard for lefties. Always has been alway...Mafths is hard for lefties. Always has been always will be, because reality sucks for them. Nirvanna doesn't happen with higher taxes on everything. Just tyranny, which is the left's overall goal.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-39283178743425826822015-04-20T06:05:19.125-07:002015-04-20T06:05:19.125-07:00We don't have to accept its just out of our co...We don't have to accept its just out of our control. Of course its all legal, but the laws should be changed. Doy. That's the point of a policy debate.<br /><br /> I know you take issue with some of the globalization zealotry that is destroying our country. You could pivot into that with these people. That would be actually constructive.<br /><br />Dump the you vs.them mentality. Something is wrong in the nation.Anonymoushttps://www.blogger.com/profile/13897130773930384189noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-65175778021133655172015-04-20T05:58:24.728-07:002015-04-20T05:58:24.728-07:00Tax loopholes were put there specifically for corp...Tax loopholes were put there specifically for corporations to take advantage of. There is no other reason for them to exist.<br /><br />They're bullshit, of course, and should be eliminated. This would ironically benefit the low IQ/low skill wage earners of the left by going to a flat tax.<br /><br />You should be able to do your taxes in 15 minutes right on the kitchen table. There should be no tax refunds, no exceptions, every body pays. Say about 15% for individuals and 18% on corporations. I am willing to haggle. One thing I won't concede is that our gov't has too much money and far too little accountability.<br /><br />Actually I am more concerned about the leftists themselves. There seems to be a metamorphosis of some kind going on here. It used to be (pre-1965 perhaps) that you could almost respect a liberal...until they all started devolving into socialists and useful fools. Now they seem to be slowly descending into fascism with censorship, violent mobs, a degenerate/depraved elite, scapegoats, and the whole nine yards.<br /><br />This can't end well.Glen Filthiehttps://www.blogger.com/profile/03256741311142364722noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-43846132532584278482015-04-20T05:55:30.486-07:002015-04-20T05:55:30.486-07:00i would expect coverating every years profits to t...i would expect coverating every years profits to todays $$ should be more than a couple trillion.Anonymousnoreply@blogger.com