Why not? You're the one anguished and hand wringing of the possibility of C-Corps having to pay taxes for the granting of registered corporation status and the right to do business in the US? After all S-Corp profits are passed back to the officers and they pay taxes on the corporation's profits either as salary or distributions.
How Bad Will Peak Be?
- Thread starter MassWineGuy
- Start date
And still not up to me.
Then what are you waaaing about? Bet you didn't know that S-corps profits are all passed through to the officers to be reported on their returns at prevailing rates. I bet this fact is something Fox News never told you about So why shouldn't C-Corps have to pay taxes on their profits?
They pay taxes on their profits. But they also have deductions that reduce taxes SO THAT THEY CAN HIRE PEOPLE AND PAY SALARIES AND GENERALLY PROVIDE EVERYTHING THAT WE NEED. Jackasses see people getting wealthy doing that and think, gee, let's force them to pay more so that we can spend it, i.e. throw it down a hole, so that we can look great to our constituents and they'll become dependent on us and keep us in power. We can then use that power to make little side deals with these corporations who are desperate to keep us off their backs. We get rich, they get rich, and the poor are totally dependent and keep us in power. What could possibly be better? Oh, right, our fanatics think we can squeeze these corporations even more and create utopia. And no one will really have to work because Uncle Sugar will give them everything. Wow, why didn't we do this sooner?
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Fred's Myth
Nonhyphenated American
Precisely what do you believe happens to the profits C-Corporations make?
falcon back
Well-Known Member
Cutter gave his exact payments. You even commented about it. For those that haven't started drawing yet, the chart tells the story. You just refuse to admit you were wrong
Ever hear of the Delaware tax dodge?
His payments didn't add up and you still haven't presented any evidence that you'll be getting 10% annually.
Ask Joe Biden, he enabled that.
falcon back
Well-Known Member
Lol. His payments did add up. You just couldn't understand the math.
Fred's Myth
Nonhyphenated American
Ever hear about answering a direct question with a direct answer?
falcon back
Well-Known Member
Is that like the Ireland tax dodge?
clutternutter
Member
I hate to get in the middle of a pissing contest, but Van, I'm sure you have access to the retirement.fedex.com website. If so, log on and go to the TPB section. Under account summary look at Estimate your future benefits. Use the key dates to Estimate your benefits (step 2). This takes you to a calculator that allows you to see what your benefit will be (within reason I'm sure) when you begin at any time in the future. It also states that if you want a paper copy of the projections, you can contact them for that. It's pretty clear, and it's all there in black and white.
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falcon back
Well-Known Member
He wouldn't accept the findings even if he reads them himself because he is upset that his retirement did not get properly funded. Also, because he is already taking his pensions, he won't be able to use that drop down to see the increases as they appear in the chart. Only people who haven't started their pensions have access to that chart. You know it's a fact and I know it's a fact, that's all that matters.
No, they didn't and if you believe your pension will increase to 80% of your five highest paid years average then I wouldn't be talking math if I were you.
I don't have access. I've been away almost a full five years and the company sold our traditional pension to MetLife. Just humor me and show me a paragraph that says if you delay taking your pension the company will give you 10% a year, compounded no less, for each year you delay. The company on the traditional pension would reduce your pension by 3% for every year you took the pension before 60 with the earliest you could take it at 55. They also gave the option I took, an accelerated pension called the Social Security Leveling Option, that gave higher payments until 67 then were drastically reduced. There was nothing in the documents sent me about delaying your pension and getting substantially more. I can see giving 2.5% extra a year as an incentive because in most cases the company would come out ahead unless you lived a very long time. The company is just way too tight to give 10% a year which would give the retiree way more than the money he would've received if he had taken the pension immediately.
clutternutter
Member
These are screenshots from the retirement website. There is nothing that gives a specific percentage for the increase you get by delaying benefits. It's a calculator based on your retirement date and the date you choose to begin collecting your pension. Just like the one on the Social Security website. Hope these are legible. It's the best I can do
Attachments
falcon back
Well-Known Member
It sad you got left behind and missed the increase. I am not gonna miss out.
falcon back
Well-Known Member
You are correct. I don't belive my pension is gonna increase to 80% by waiting 5 years. I KNOW it is. That fact was verified by the retirement department. It's a real shame you missed out.
And where's the language about this may not represent your final payout figure?
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