Democrats pass huge tax increase

T. A. Gardner said:
And, if those taxes are lower in some other nation, then you can do more with what's invested because of that lower tax rate.

Example: If you have to pay the US a tax of $100 on $10,000 in earnings, and you can write that off by paying a tax of $100 to some other country on $100,000 in earnings, it's better to move to the low tax country and avoid the US taxes by writing off your foreign earnings since the AMT only looks at the taxes paid. That is, you minimize your US footprint because it's more profitable to do stuff in a low tax country.
Click to expand...

I'm still trying to figure out your example.

If you pay $100 in taxes how is that less than if you pay $100 in taxes? It looks like you are paying the exact same amount in taxes. You are not getting a tax savings.
 
Matt Dillon said:
In what way does that benefit your bottom line, dumbass? I'll tell you how: Negatively.
Click to expand...

So, Matt. Here's your answer. The bill creates jobs and reduces expenses for the average American. So when more people are working, they have more disposable income. This pours money into our economy which creates more competition as product and service providers compete for consumers patronage.

If you'd like me to school you anymore just let me know. Always wiling to help out the stupid.
 
Matt Dillon said:
I'd say about 6 years. But I'm going by The Bible.

7 years of famine. In the end times.

Grr! Why could I not have been born earlier? No choice but to deal with it.

That bill is economical suicide.
Click to expand...

7 years. Cool. Do you have anything to support that estimate other than the poop on it after you pulled it out of your ass?
 
T. A. Gardner said:
If their profit margin declines due to higher taxes, they may well decide that it's better to go elsewhere and keep those profits rather than give them to the government. You assume that the corporation will simply be altruistic and willing to give away their earnings in taxes. That defies general human nature.
Click to expand...

No. Even though higher tax expense will impact their bottom line, their sales volume will increase due to more Americans having more money. I'm sorry your cornering the money for rich and corporations is taking a snooze for awhile twumptard. Patriots are cheering this situation. Meanwhile you're deep-throating Putin.

Fuck you.
 
SmarterthanYou said:
pfffft, ok genius, educate us all on how corporations and energy companies are going to inform their shareholders that their stock decreased in value because they didn't pass on those extra expenses to their consumers.

it's obvious you don't grasp economics.
Click to expand...

Costs of business increase all the time. When the economy is booming, like it will be when this bill is signed, more people will be spending money on all goods and services, such a energy.

We're trying to help you, but you're just too much of a twump panty-sniffer.
 
SmarterthanYou said:
:okjen:
Click to expand...

Please explain Twitter stock price since they have lost over $200 million in the last year. If stock price is based solely on earnings then why does anyone own their stock?
Please explain GameStop stock price since they have lost over $450 million in the last year.

Stock price is not that tied to earnings. In fact a company's stock price will often go up when their earnings drop because a company can lose money as they reduce work force or consolidate operations. To think that a small increase in corporate taxes will drive down the price of a company's stock means you don't know how people value stocks they purchase and sell.
 
LurchAddams said:
OH! Please! Tell us how the bill's going to increase energy prices! We can't wait to hear this:)
Click to expand...

Simple. It puts an emphasis on wind and solar. Everywhere--EVERYWHERE--wind and solar have increased in use as a percentage of the gird, the cost of energy has risen. This is because these two sources are highly unreliable and inefficient. That means construction of backup systems raising the cost of generation with idle plants and such, along with greater complexity on the whole grid operation also raising costs.

For oil and gas the restoration of a surcharge tax that has been dead for about 25 years will raise the cost of these in the market. That's a 16.4 cents a gallon tax on gasoline. So, gasoline just went up in price and you, and I, are paying more taxes making Joke and the Democrats liars. Everyone, regardless of income will be paying that tax.

Oil stocks were poised to open lower Monday as investors reacted to the news that the Democrats’ climate change measure could cost oil companies, by some estimates, as much as $25 billion.

The Inflation Reduction Act of 2022 proposes to reinstate a tax on crude oil and imported petroleum of 16.4 cents a gallon tax starting next January, according to a summary of the measure released by the Senate’s finance committee.
Click to expand...
https://www.barrons.com/articles/oil-stock-exxon-chevron-manchin-climate-bill-51659351762

So, the cost of energy is going up due to this bill being passed.
 
Our resident Nazi shouldn't fret. It won't affect him. He'll still get his welfare check and food stamps. The increase is for rich guys like me.
 
LurchAddams said:
No. Even though higher tax expense will impact their bottom line, their sales volume will increase due to more Americans having more money. I'm sorry your cornering the money for rich and corporations is taking a snooze for awhile twumptard. Patriots are cheering this situation. Meanwhile you're deep-throating Putin.

Fuck you.
Click to expand...

How will Americans have more money? How does the Democrat bill help that to happen?
 
T. A. Gardner said:
Then let me teach you some.

The 15% minimum corporate tax in this bill is slapped on any corporation's income--eg., before tax earnings--if those earnings exceed $1 billion in any consecutive three-year period to include foreign income that corporation may generate.

This will result in one of two behaviors for corporations close to exceeding the $1 billion three-year income limit and those that already exceed it.

For those close to the limit, above or below, the corporation is likely to adjust its business model to put it under the limit and thus avoid the tax. That is, rather than have 15% taken in taxes automatically, the corporation foregoes expansion or contracts such that it's potential in lost profits are less than the 15% tax and thus the corporation actually makes more profit than it would have exceeding the limit by a small margin.

For corporations above this limit, they can do several things. Diversify / divest such that the corporation becomes several smaller ones that don't exceed the limit why being held in an exempted--yes, there are exemptions for certain types of businesses and such--trust / investment fund. That means they now avoid the tax and retain their pre-tax levels of earnings. Or, they raise prices on goods and services they produce and pass the tax through to their customers. This is particularly true of businesses that have low competition. For example, say Boeing. They raise the cost of the military aircraft they manufacture to recoup the loss the tax will generate with the government essentially giving it back because there is no real alternative to purchasing from Boeing the aircraft they need.

It's simple accounting. Debits - Credits = Owner's Equity. If credits go up, and owner's equity remains constant then debits go up too to offset the increase in credits.
Click to expand...

Which of your handlers wrote this for you, handjob?
 
T. A. Gardner said:
Simple. It puts an emphasis on wind and solar. Everywhere--EVERYWHERE--wind and solar have increased in use as a percentage of the gird, the cost of energy has risen. This is because these two sources are highly unreliable and inefficient. That means construction of backup systems raising the cost of generation with idle plants and such, along with greater complexity on the whole grid operation also raising costs.

For oil and gas the restoration of a surcharge tax that has been dead for about 25 years will raise the cost of these in the market. That's a 16.4 cents a gallon tax on gasoline. So, gasoline just went up in price and you, and I, are paying more taxes making Joke and the Democrats liars. Everyone, regardless of income will be paying that tax.


https://www.barrons.com/articles/oil-stock-exxon-chevron-manchin-climate-bill-51659351762

So, the cost of energy is going up due to this bill being passed.
Click to expand...

You are so full of shit with your claims.

Iowa went from 0% wind in 2002 to 41% wind in 2019 and saw an increase of 59% in its prices
West Virginia added almost no renewables from 2002 to 2019 with coal being over 90% of its generation and saw an increase of 66% in its prices
South Dakota went from 0% wind to 31% wind from 2002 to 2019 and saw an increase of 59% in its prices
Alabama went from 0% renewables to 0% renewables switching from coal to Nat gas as its primary generation and saw a 72% increase in prices.
Colorado went from about 1% wind to 21% solar and wind and saw a 69% increase in prices.

The reality is that all forms of generation saw an increase in prices and adding solar and wind didn't give drastic increases compared to other forms of generation and on average seemed to cause lower increases in pricing.

All data can be found here by selecting state and downloading files with data:
https://www.eia.gov/electricity/state/iowa/
 
You must log in or register to reply here.
Back
Top