IRS Data Shows: "The Rich" Pay Higher Rates

Quote Originally Posted by Taichiliberal View Post
This has EVERYTHING to do with "trickle down" economics (aka "reaganomics), because the changing of the tax codes to favor corporations and the rich went hand and hand with it.

Also, a "flat tax" won't solve the problem, and here's why:

Bloomberg View: Why a Flat Tax Won’t Work; Making Swiss Accounts Less … Swiss
October 27, 2011

http://www.businessweek.com/magazine...-10272011.html

America needs to grow a pair (i.e., the Attorney General's office, the Executive Office) and put the kibosh on ALEC and the lobbyist run amok that are controlling our politicians. That way, you don't have "legal ways" around paying the fair share.

That article doesn't make sense. It claims you can't lower taxes on a corporation and get more money? You can if you eliminate deductions they take. You can raise the corporate tax to 90% but if there are all kinds of deductions you won't raise anymore money.

Those in Congress pass tax laws to benefit companies in their district and their state. It's why the tax code is 75,000 pages long. I'm not familiar with ALEC. And i'm not sure how you go after companies for following the tax laws even if you don't like them.

If you're not familiar with ALEC, then I strongly urge you to do some research on it ASAP...because they are one of the main reasons for a tax code that provides surge loop holes and advantages for corporations to avoid paying revenue taxes on such a grand scale.

And please provide the paragraph (s) from the article I linked that states or eludes to "It claims you can't lower taxes on a corporation and get more money", because I sure don't see that.
 
Quote Originally Posted by Taichiliberal View Post
Really? Are ALL shareholders privy to ALL decisions made by the Board? Do ALL shareholders vote on all decisions? Because if that was indeed the case, you wouldn't have had the debacles of S&L, ENRON, JP Morgan or all the mess with Wall St. firms in the last 20 years.

Sorry, but you and Taft are deluding yourselves if you actually think you "own" anything other than your stock's worth.


Actually yes as a shareholder you do get to vote. You're vote is worth the percentage of the stock you own. As I stated before if I own a share of Apple i'm under no illusion that 'I personally own the company' but the fact remains the shareholders are the owners of the company.

Nice try Wack, but you didn't answer my question......Are ALL shareholders privy to ALL decisions made by the Board? Do ALL shareholders vote on all decisions?

I cannot believe that you or other shareholders in JP Morgan or S&L or ENRON voted for the heinous actions and policies that resulted in the hurt caused to many Americans and the country's very economic existence! If you did, then shame upon you and your fellow "owners".

If not, then my previous statement stands.
 
If you're not familiar with ALEC, then I strongly urge you to do some research on it ASAP...because they are one of the main reasons for a tax code that provides surge loop holes and advantages for corporations to avoid paying revenue taxes on such a grand scale.

And please provide the paragraph (s) from the article I linked that states or eludes to "It claims you can't lower taxes on a corporation and get more money", because I sure don't see that.

Link doesn't work anymore.
 
Quote Originally Posted by Taichiliberal View Post
Really? Are ALL shareholders privy to ALL decisions made by the Board? Do ALL shareholders vote on all decisions? Because if that was indeed the case, you wouldn't have had the debacles of S&L, ENRON, JP Morgan or all the mess with Wall St. firms in the last 20 years.

Sorry, but you and Taft are deluding yourselves if you actually think you "own" anything other than your stock's worth.

Shareholders vote on the board members. The board isn't going to call each individual shareholder every time it makes a decision asking for each shareholders approval. Just as the CEO isn't going to go to the board every time they decide to fire someone within the company. Ultimately that is who they report to though.

So what I stated is true, you are NOT an "owner" of the company, because an owner decides what his/her company does....PERIOD! You just own stock.
 
Quote Originally Posted by Taichiliberal View Post
If you're not familiar with ALEC, then I strongly urge you to do some research on it ASAP...because they are one of the main reasons for a tax code that provides surge loop holes and advantages for corporations to avoid paying revenue taxes on such a grand scale.

And please provide the paragraph (s) from the article I linked that states or eludes to "It claims you can't lower taxes on a corporation and get more money", because I sure don't see that.

Link doesn't work anymore.

http://www.businessweek.com/magazin...aking-swiss-accounts-less-swiss-10272011.html
 
Nice try Wack, but you didn't answer my question......Are ALL shareholders privy to ALL decisions made by the Board? Do ALL shareholders vote on all decisions?

I cannot believe that you or other shareholders in JP Morgan or S&L or ENRON voted for the heinous actions and policies that resulted in the hurt caused to many Americans and the country's very economic existence! If you did, then shame upon you and your fellow "owners".

If not, then my previous statement stands.

Shareholders elect board members. As a shareholder you don't get to vote on every decision the Board makes just as the Board doesn't get to vote on every decision the CEO makes although it selects the CEO.

People in Enron broke the law. I'm not smart enough to understand how you can prevent someone from breaking the law if that's what they are going to do. What we can do is catch them after the fact and prosecute them for it. In Enron's case these lawbreakers cost a lot of people a lot of money. That's why they were rightfully punished.
 
So what I stated is true, you are NOT an "owner" of the company, because an owner decides what his/her company does....PERIOD! You just own stock.

You are talking about two different things. I can own a restaurant. I'm the boss I call the shots I report to no one (unless I have investors). The CEO of a publicly traded corporation doesn't own the company. The shareholders do. Yet the CEO is the one who makes decisions that determine the direction the company is going in.
 
Another incredibly stupid claim from the dullard class. Reaganomics didn't destroy the economy. This economy isn't "destroyed by any stretch; it is stuck on malaise thanks to idiot Democrats who have spent us into trillion dollar deficits and $17 trillion in debt you moron.

Your notion of what would help the economy is so incredibly stupid and ignorant it doesn't even deserve a respons but rather correctly laughed at and lampooned for the ignorance it represents. Your version of reality would force everyone to be a ward of the State and make everyone as miserable as dimwitted Marxistmleftist like you appear to be.

Hell dimwit, you give stupid a bad name.

Moron.

And here we have an example of a not-too-bright neocon/teabagger troll who is long on insults, mantras and headlines but short on facts.

First off, not that I said reaganomics "devastated" the economy......big difference from "destroyed". Our bogus "truth detector" should learn to read comprehensively.

Secondly, I find it amazing how the bogus "truth detector" uses the tired mantra of "democrats only" fault of our deficit, when Bush (aka the Shrub) put 2 wars on credit, a prescription drug bill without negotiation on price....I could go on, but let's get real as to what "reaganomics" really did to this country:

Why the GOP should stop invoking Reaganomics
By Bruce Bartlett,February 03, 2012


http://articles.washingtonpost.com/2012-02-03/opinions/35443389_1_tax-rate-reagan-tax-payroll-tax

I will further discuss the issue with "Truth Detector" if he has the intellectual honesty and courage to actually read and discuss the article link. If not, then I will ignore his propaganda laden rhetoric.
 
Quote Originally Posted by Taichiliberal View Post
As opposed to Jamie Diamond ripping off how much? And screwing over how many people? Then paying off to keep from getting jailed?

S&L, Enron....but hey these 69 folk are the REAL danger to the economy.

Grow the fuck up, Taft.


Earth to brain dead moron; Jamie Dimon is a Democrat and huge Obama supporter whose company was asked by this administration to buy the assets of Bear Sterns and Washington Mutual in an effort to prevent a financial collapse.


No shit sherlock...and how does that change what I stated? The AG is NOT doing it's job....and folk like YOU are DEFENDING JP Morgan...saying they are EXEMPT from contributing to this country's economic woes.


Hopefully he has learned that one cannot trust asshats like Obama and Democrats and that morons like you will clamor for his head regardless.

What are you babbling about? Did Obama and company say, "oh, and in addition you can do a whole lot of illegal stuff to manipulate the market, and we won't prosecute"? No....but buying his way out sure smells like it.


Yes, you REALLY are THAT incredibly stupid and ignorant.

Says the neocon/teabagger troll who doesn't think beyond what Drudge tells him.
 
Superfreak, if you are reading this, what is your take on the debate over whether shareholders are owners of a public corporation? I've seen the argument made both ways.
 
Nice try Wack, but you didn't answer my question......Are ALL shareholders privy to ALL decisions made by the Board? Do ALL shareholders vote on all decisions?

I cannot believe that you or other shareholders in JP Morgan or S&L or ENRON voted for the heinous actions and policies that resulted in the hurt caused to many Americans and the country's very economic existence! If you did, then shame upon you and your fellow "owners".

If not, then my previous statement stands.



What a post!!!...???????????????????/....So...you really ARE that stupid.....All shareholders vote on Board members (and others matters).... to oversee the company and hire
a CEO to run the daily operations of the business.....as a shareholder you own a piece of the company depending on what percent of the outstanding shares you own.
Are you really that stupid.....?
 
So what I stated is true, you are NOT an "owner" of the company, because an owner decides what his/her company does....PERIOD! You just own stock.

We elect people to make those decisions for us because it is inconvenient for all shareholders to appear every business day in a huge arena to participate in voting.

By law we get extensive annual reports on all decisions made.
 
What a post!!!...???????????????????/....So...you really ARE that stupid.....All shareholders vote on Board members (and others matters).... to oversee the company and hire
a CEO to run the daily operations of the business.....as a shareholder you own a piece of the company depending on what percent of the outstanding shares you own.
Are you really that stupid.....?

Yes, Liberals really are THAT stupid.
 
And here we have an example of a not-too-bright neocon/teabagger troll who is long on insults, mantras and headlines but short on facts.

Kettle, meet thy pot.

This coming from a repugnant leftist who calls everyone who disagrees with him idiots and neocon teabagger trolls.

Yes, you really are THAT stupid.

First off, not that I said reaganomics "devastated" the economy......big difference from "destroyed". Our bogus "truth detector" should learn to read comprehensively.

You think there is a big difference between devastated and destroyed? REALLY?

From the dictionary:

devastate (ˈdɛvəˌsteɪt) — vb
1. to lay waste or make desolate; ravage; destroy
2. to confound or overwhelm, as with grief or shock


Yes, you really are THAT stupid.

Secondly, I find it amazing how the bogus "truth detector" uses the tired mantra of "democrats only" fault of our deficit,

Where did I claim this? Another lie from a prolific leftist liar and dimwit.

when Bush (aka the Shrub) put 2 wars on credit,

Wars are never fought with surpluses dimwit. Please find me a war that was not fought by deficit spending.

But alas, you are an incredibly uninformed repugnant leftist dimwit who fabricates your own version of reality while wallowing in blatant hypocrisy.

Yes, you really are THAT stupid and THAT repugnant.

a prescription drug bill without negotiation on price....

If you are talking about the Medicare Prescription Drug, Improvement, and Modernization Act, that was passed during the Bush administration you dimwit.

Yes, you really are THAT incredibly stupid.

I could go on, but let's get real as to what "reaganomics" really did to this country:

Yes you could; and they would be proven as lies, distortions and in your case, just plain stupid as illustrated above.

Why the GOP should stop invoking Reaganomics
By Bruce Bartlett,February 03, 2012


http://articles.washingtonpost.com/2012-02-03/opinions/35443389_1_tax-rate-reagan-tax-payroll-tax

I will further discuss the issue with "Truth Detector" if he has the intellectual honesty and courage to actually read and discuss the article link. If not, then I will ignore his propaganda laden rhetoric.

You whining about intellectual honesty is about as comedic as your effeminate whine about insults. You're truly an idiot of epic proportions.

I read the article; and it holds a lot of truth. How does this article support your inane claims that Reaganomics devastated the economy?
Let me help you comprehend what it is you are reading:

Average deficit during Reagan’s Presidency: $165.688 billion
Increase in debt during Reagan’s Presidency $1.859 Trillion.
Revenues increased by 65.3% during Reagan’s Presidency from $599.272 billion to $991.105 billion.
Unemployment when Reagan entered office was 8.5% and by the end of his Presidency it was down to 5.4%
Marginal top Tax rates when Reagan came into office were at 70% and by the time he left office they were at 31%.
During Reagans Presidency 2.6 million Americans were added to the labor pool.

Those are all facts. Now you can rant stupid about what happened during Reagan’s Presidency all you want, but the facts hardly support your asinine contention that Reaganomics devastated the economy. You can, however, correctly make that claim about Democrats and Obama.

I am quite certain that millions of Americans would trade the Reagan years for the Obama years; what do you think? Oh that’s right, you don’t think; you parrot moronic DNC talking points like a trained little circus monkey because, alas, you really are THAT stupid.
 
So what I stated is true, you are NOT an "owner" of the company, because an owner decides what his/her company does....PERIOD! You just own stock.

Another incredibly stupid claim from the forum dullard.

Where is it written that one cannot "own" interest in a company if one does not "direct" the day to day operations? A CEO is merely a manager dimwit. The shareholders are the "owners" with "ownership interest" in the form of stocks. They, and only they, elect board members who establish corporate policy and hire the CEO, a MANAGER, which runs the company on behalf of the "owners" and at the pleasure of the BOARD which is ELECTED by the OWNERS of STOCK.

By the way dimwit; does it occur to you that millions of small businesses are run by managers and NOT their owners?

Nah; you don't think. You're a dimwit who parrots asinine leftist talking points like a trained little circus monkey in a vacuum of reality or the facts.

Yes, you really are THAT stupid.
 
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