Shareholders are not at an arms-length relationship to the corporations they own. They are the owners. "Not involved in day to day activities" is not the definition of arms length. No, money is not taxed every time it changes hands. Companies move money around all the time. Wholesale goods are only charged in the final consumer purchase, for example. Financial transactions aren't taxed, as another. Where are you getting this stuff from? It would be helpful if you provided some literature as I did for the existence of corporate double taxation.
401k and the mortgage deduction are hugely regressive. They don't hurt the poor per se, but they benefit the well off a lot more
http://www.investopedia.com/terms/d/double_taxation.asp Double taxation occurs because corporations are considered separate legal entities from their shareholders. As such, corporations pay taxes on their annual earnings, just as individuals do. When corporations pay out dividends to shareholders, those dividend payments incur income-tax liabilities for the shareholders who receive them, even though the earnings that provided the cash to pay the dividends were already taxed at the corporate level. Happy? Simpler version of what I said: a dividend is a separate transaction from the corporation income. It is paid out to a separate legal entity and is taxed using a different tax mechanism. It is a separate tax. This happens ALL THE TIME in our society. It has caught on in corporate terms because people wanted to justify not having to pay taxes on either corporate income or dividends. That's it. Note that I'm not saying double taxation doesn't exist. I'm saying it applies all over the place and that there's nothing unique, unusual, or wrong about it. We regularly tax money over and over, and we tend to do so when it changes hands. Paying out dividends is an example of that - if the corporation doesn't pay out dividends, the money remains in the company, is not taxed as a dividend, the stock will likely go up (company value is higher), and the tax is paid in the form of a capital gains tax when people sell the more valuable stock. Getting rid of a dividend tax means you should also get rid of capital gains taxes, because having one but not the other is a gigantic tax loophole.
Their computations include tax obligations that Honeywell avoids through tax loopholes. So SEC filings aren't going to list what Honeywell would otherwise pay if not for the way they manage tax loopholes. How they arrived at the $50 million figure, I'm not sure. They don't post a detailed explanation unfortunately.
The page 3 reiteration of the point is: The same people that are buying a giant PR campaign to "reduce the debt burden" of the United States by reducing entitlement benefits to poor people are the ones who create and use every loophole to avoid paying taxes. The question is: As a nation of voters, should our priorities be taking care of our poor and elderly or should it be assuring profits to large corporations and the 1%.
We already have a clown for president, and its not working ... and for that matter a large percentage of American workers aren't working either, especially when you look at the cooked job numbers our clown in chief tries to sell.
ooh the classic Karl Rove move. brilliant! get your weak **** out of this Bernie thread, you add nothing, you impress no one
We know thumbs, Obama's a closet Muslim and socialist that hates white people and is trying to destroy America. We got it.
Go, Bernie Go! ... away. P.S. Just as you hope Trump is the GOP candidate, I hope Bernie is the Demo candidate.
You respond with no numbers and no proof for what you say. I show you numbers from government filings that these companies are paying their fair share and you simply dismiss it. Got it. Is this bobbythegreat I'm talking to?
Less rant please Anyhow, you can't make money for free and these is this strange belief that you can by some people. Make all capital gains and all dividends taxable at your regular income tax rate. That eliminates a lot of loopholes there.
I didn't say it, I posted information and gave the link to the source which also links to numbers from government filings. Can you show me the government filings that show how Honeywell avoids tax burdens by exploiting tax loopholes? Oh right, got it. Thanks.
What if we used all this productivity we are gaining to help people instead of converting it to concentrated wealth, with just steady utility type returns on investment. Economic predictability, not boom and bust, abundant staples not created junk, durability not planned obsolescence, infrastructure not arms. radical! socialist!
