ralph nader on expectations, the american dream, corporate welfare

[BrownArmy]

Tax loopholes, incentives are there to encourage spending. Spending that may not take place without them. Besides, their 10K shows a tax expense of $420 mil in 2015 and $222 mil in 2014. We're did they come up with $20 mil in 2015? And $29 mil from 2011-2015?

I love it.

The rules are written by the monied, the rich, the corporations.

Our insane-clown-car tax system was written by the rich.

The (already rich) corporations actually get a tax-break on their debt, so much so, that it makes sense for them to massively leverage themselves against (whatever), because they gain tax-relief for being in debt.

Anyone reading this, do you get tax-relief for being in debt?

But, part of the quote I quoted:

"...Tax loopholes, incentives are there to encourage spending. Spending that may not take place without them."

How's that working?

We're subsidizing rich corporations, who are already subsidized by their tax-avoidance policies, which are written into law.

No tears for corporations here - pay your share, bitches.

 

[BrownArmy]

 

[newfie]

How's that working?

We're subsidizing rich corporations, who are already subsidized by their tax-avoidance policies, which are written into law.

No tears for corporations here - pay your share, bitches.

and invest less in growing the economy bitches. and hire less people bitches.

 

[rickyb]

But if you want to keep Boeing jobs in Washington state, you give Boeing over $8 bil. In tax breaks.

yea i heard about that. btw, some of the technology they use was from the government research.

i think its a race to the bottom. its another case of the poor and middle class redistributing income to the rich.

im not sure but i doubt subsidies should be banished altogether, but the system as it is certainly is not in the common man's interest.

 

[newfie]

yea i heard about that. btw, some of the technology they use was from the government research.

i think its a race to the bottom. its another case of the poor and middle class redistributing income to the rich.

im not sure but i doubt subsidies should be banished altogether, but the system as it is certainly is not in the common man's interest.

The system creates opportunity which is in the common mans interest. When you have socialism you large businesses lose the incentive to grow and create those opportunities. you then create a working class dependent on the government for survival.

 

[rickyb]

The system creates opportunity which is in the common mans interest. When you have socialism you large businesses lose the incentive to grow and create those opportunities. you then create a working class dependent on the government for survival.

some of these corporations are getting more subsidies than they earn in profits. its a distortion of the market.

this hunting chain opened 1 store somewhere in west virginia, it got $100+ million in subsidies.
it was enough money for the government to give every child on welfare free lunch for 50 years.

 

[BrownArmy]

and invest less in growing the economy bitches. and hire less people bitches.

So, you love welfare.

Corporate welfare dwarfs citizen welfare.

And it's not clear to me that these corporations you speak of are actually reinvesting in our economy, via hiring etc.

Our tax code is so FUBAR, on that I agree.

Perhaps if the US tax rate for corporations was lower, then corporations would actually do what you think they do now, i.e. bring their profits back and reinvest.

As it stands, they're not really doing that, are they?

Trillions parked offshore, how's that working for our economy?

 

[newfie]

So, you love welfare.

Corporate welfare dwarfs citizen welfare.

And it's not clear to me that these corporations you speak of are actually reinvesting in our economy, via hiring etc.

Our tax code is so FUBAR, on that I agree.

Perhaps if the US tax rate for corporations was lower, then corporations would actually do what you think they do now, i.e. bring their profits back and reinvest.

As it stands, they're not really doing that, are they?

Trillions parked offshore, how's that working for our economy?

what you call welfare is actually the government stealing less money from a taxpayer and then pissing that money away.

 

[1989]

Get rid of the double taxation on dividends.

 

[1989]

I love it.

The rules are written by the monied, the rich, the corporations.

Our insane-clown-car tax system was written by the rich.

The (already rich) corporations actually get a tax-break on their debt, so much so, that it makes sense for them to massively leverage themselves against (whatever), because they gain tax-relief for being in debt.

Anyone reading this, do you get tax-relief for being in debt?

But, part of the quote I quoted:

"...Tax loopholes, incentives are there to encourage spending. Spending that may not take place without them."

How's that working?

We're subsidizing rich corporations, who are already subsidized by their tax-avoidance policies, which are written into law.

No tears for corporations here - pay your share, bitches.

Please be more specific, which debt do you think should not be tax deductible? I do think the mortgage deduction should be eliminated. For example, at today's interest rates, a $200,000 loan isn't enough to to itemize your deductions.

 

[newfie]

Please be more specific, which debt do you think should not be tax deductible? I do think the mortgage deduction should be eliminated. For example, at today's interest rates, a $200,000 loan isn't enough to to itemize your deductions.

that's the only way some people can afford that 200 k house

 

[Babagounj]

I could not be the slum lord that I am today with out mortgage deductions .

 

[Sportello]

I could not be the slum lord that I am today with out mortgage deductions .

Cheating on your tax returns?

 

[Babagounj]

Hiring a very good tax attorney .

 

[rickyb]

reading david cay johnstons "free lunch" and in one chapter he talks about the alarm companies and how a huge portion of their profits is because instead of them paying for someone to come to the door of a house whos alarm has gone off, the cops come. the cops come usually 40 minutes after it went off. i think he said 99% of the time its a false alarm, and that its more effective to have a dog, or just have a sign saying you have an alarm. he said in LA, police had to cut down on other activities like solving murders, just so they could come to all these houses with false alarms.

 

[rickyb]

I could not be the slum lord that I am today with out mortgage deductions .

reading david cay johnstons free lunch, and mortgages deductions benefit the rich far more than they benefit middle class or poor. many middle class couldnt even get them.

 

[UpstateNYUPSer(Ret)]

reading david cay johnstons free lunch, and mortgages deductions benefit the rich far more than they benefit middle class or poor. many middle class couldnt even get them.

I consider myself to be middle class and take full advantage of the mortgage interest deduction.

 

[rickyb]

I consider myself to be middle class and take full advantage of the mortgage interest deduction.

nice. he says a rich person saves 12x as much as a middle class person even though they only earn 4x as much as that middle class person does.

he says the government spends $1.50 on people earning more than 100k/yr for every $1 it spends on the poor. only 1/3 of households earning between 30k to 75k recieve any homeowner subsidy.

 

[1989]

I consider myself to be middle class and take full advantage of the mortgage interest deduction.

What is the difference between your mortgage/R E tax deduction and the standard deduction?

 

[1989]

reading david cay johnstons free lunch, and mortgages deductions benefit the rich far more than they benefit middle class or poor. many middle class couldnt even get them.

True, They should eliminate the mortgage deduction and replace it with a tax credit.