End of corporate tax breaks for jets?

[gunfyter]

Businesses always recover costs. Another reason for the Fair Tax....

 

[stupidpilot]

You realize the US has the second highest corporate tax rate in the world behind Japan...right?

Not for long. Japan is about to reduce theirs.

 

[Sparse]

This is a good thing and is not "anti-rich", it is only anti-corruption. It is time to stop corporate abuse of the tax code through endless loopholes. Corporations need to pay their share.

I have a question. Where do corperations get the money to pay taxes?

 

[brokeflyer]

I have a question. Where do corperations get the money to pay taxes?

by screwing their employees outta pay and benefits.

 

[Jack Campbell]

.....

 

[G4dude]

Loopholes...Massive tax brakes...

I'm not sure those mean what you think they mean.

That having been said, I'm all for a major overhaul of the tax code. Simplifying the way personal and corporate taxes are calculated and paid would be a major benefit for government, industry, and individuals of all incomes. We could slash the size of the IRS, reducing the size and cost of government, and its entirely possible more revenues would be collected.

I'm personally for abolishing the progressive income tax and implementing a national consumption (sales) tax in its place, with exemptions on groceries and possible rebates for the lowest of earners.

Flat 10 percent tax, no loopholes, and ZERO corporate tax, ZERO capital gains tax. The economy would grow tremendously, would bring back hundreds of billions of dollars that have been languishing overseas, dramatically reducing the need for government poverty programs. Boiler and Guns are absolutely brilliant! And probably superior pilots as well.

 

[G4dude]

I have a question. Where do corperations get the money to pay taxes?

From higher prices to consumers! Which reduces demand, which undervalues the stock, which slows the company's growth, which raises unemployment, which necessitates more government poverty programs, which raise taxes and further slow the economy, which necessitate more government poverty programs, which drive up the deficit, which increase the debt, which raise bond rates, which increase debt payments more, which pressure the loan markets, which further constrict the economy, etc. Ain't this fun?

 

[gunfyter]

• Buffett: Debt ceiling debate is playing with fire - CNBC

 

[SCT]

Here is Buffett's take on the corporate jet/ class warfare debate:
http://www.youtube.com/watch?v=CGjWwYacy-U

 

[G4dude]

You realize the US has the second highest corporate tax rate in the world behind Japan...right?

With regards to this issue and business aircraft, there are no "tax loopholes" despite what President Obama would have you believe from his presser...its simply a discussion of depreciation schedules (current 5 year schedule vs. Obama's desire for a 7 year schedule).

Obama himself championed accelerated depreciation of capital assets (to include aircraft) in the Small Business Jobs Act of 2010...because accelerated depreciation has proven over time that it helps businesses make investments in equipment, which helps maintain & create jobs. Now, because its politically convenient with regards to debt ceiling/spending discussions and he thinks he can stoke populist outrage against the wealthy, he starts talking about something that simply doesn't exist (six times, by the way).

By the way, I believe Japan is in the process of reducing its corporate rate to one which is lower than ours. Bad news for the US.

 

[rettofly]

I have a question. Where do corperations get the money to pay taxes?

Corporations don't pay taxes. They price their products and services to achieve a profit. Taxes due on any profit are paid from revenue. It's the customer who pays the taxes.

Any reference to taxes being funded by screwing employees is simply the ranting of a disgruntled employee.

The "massive tax loophole on corporate jets" is simply an accellerated (5 year) depreciation schedule (vs the standard 7 year schedule). This accellerated depreciation schedule is actually quite common, and available to buyers of capital goods in a number of industries. The demonization of corporate jets is nothing but rhetoric developed in focus groups.

 

[jetwash]

I can't believe that Obama wants to increase taxes on our passengers when there is so much more waste in the government.

I am sad to say that in my own family I have leaches that are drinking from the teat of our bloated government. My grandmother just had her hip replaced at taxpayers expense by medicare at the same time as she was collecting Socialist security !
Just because we are the greatest nation in the world and have the best Medical system why should we spend it on old people and their hips. What's wrong with a wheel chair? It would have been cheaper.

And let's not forget my brother the leach who gets food, housing and transportation paid for by our tax dollars just to camp out and go for an occasional walk. He even has the nerve to ask for tax dollars to pay for his body armor while strolling the valleys of Afghanistan.
It is sad that they want my passengers to pay more for their flights from TEB to ASE so they can then milk this country and all it's job creators just for medical care and body armor.

The sooner the tax cuts come in for the job creators the sooner my grandmother will start her own therapy walking the mall every morning and maybe my brother will start to buy some of his own bullets.

God Bless America and it's job creators !

 

[gunfyter]

Health Care is not a proper function of the Federal government. Federal tax revenues should not be used for it. Also, no one deserves another person's money, no matter how rich or whether they take flights to Aspen ... and no matter how great the first person's need is.

 

[jetwash]

Health Care is not a proper function of the Federal government. Federal tax revenues should not be used for it.

I agree 100% there are a bunch of people who served their time in the military and now want the federal government to cover their family under Tricare.

If you were in the military and were injured you have the right to health care paid by the government, but your family doesn't! Let them get jobs and stop leeching from the taxpayers.

God Bless America and the job creators.

 

[gunfyter]

The difference is ... if you were a Federal Employee ... your medical benefits, including those for your family, are part of your conditions of employment. These funds are owed to the people who worked for them as part of their retirement ... and we all OWE this and should pay this debt. So these funds should absolutely be paid as they were Earned.

This is not an example of federal involvement in Health Care... but an example of the Federal Government being an employer.

 

[jetwash]

The difference is ... if you were a Federal Employee ... your medical benefits, including those for your family, are part of your conditions of employment.

There are lots of employers who don't offer health care to their employees but these employees have to have their tax dollars spent on government employees health care. Conditions of employment change in tough times.


These funds are owed to the people who worked for them as part of their retirement ... and we all OWE this and should pay this debt. So these funds should absolutely be paid as they were Earned.


We also promised people that they can retire at 65 and go on Socialist security and receive Medicare. After all the people paid into them and Earned them.

So the only other choice is to raise revenue from Job creators. Hence our passengers pay more so granny can get her hip replaced since it was promised to her.




This is not an example of federal involvement in Health Care... but an example of the Federal Government being an employer.

Like I said, not all employers offer heath care benefits.

 

[gunfyter]

Like I said, not all employers offer heath care benefits.

Thats why they need unions.

Now concerning what people were promised. They should never have been promised. Government violated the Constitution and usurped "those powers not specifically delegated to the United States" that were "reserved to the States and to the People." To fix this problem, we cannot simply cut people off. But over time eliminate the programs and put people on notice now that in the future they will not exist as we return to Constitutional orthodoxy. Something like the Ryan plan. Move people from DEPENDENCE (slavery) on government, to Independence (Freedom).

Redistribution of Wealth (stealing) ... is not a power delegated to the United States. We should not be raising taxes (taking money away from people who it belongs to) to give to people who the money does not belong to. The money does not belong to someone just because they need a hip replacement or have cancer ... etc.. The money belongs to people who would ride on those jets to Aspen.

 

[Downwind]

Thats why they need unions.

Now concerning what people were promised. They should never have been promised. Government violated the Constitution and usurped "those powers not specifically delegated to the United States" that were "reserved to the States and to the People." To fix this problem, we cannot simply cut people off. But over time eliminate the programs and put people on notice now that in the future they will not exist as we return to Constitutional orthodoxy. Something like the Ryan plan. Move people from DEPENDENCE (slavery) on government, to Independence (Freedom).

Redistribution of Wealth (stealing) ... is not a power delegated to the United States. We should not be raising taxes (taking money away from people who it belongs to) to give to people who the money does not belong to. The money does not belong to someone just because they need a hip replacement or have cancer ... etc.. The money belongs to people who would ride on those jets to Aspen.

+1

Yup. At least someone gets it.



Sent from my ADR6300 using Tapatalk

 

[Semore Butts]

Hey,that was part of the deal

If I would camp in Bosnia, Iraq, and Afghanistan, I would recieve a retirement check and health care.

If you wanna take that away from the military, then you better get ready for a draft. Because I would not have volunteered to make such sacrifices.

I have no problem with a draft that would put senators, congressmen, business men, stock brokers, and CEO's into the front lines. (I know that is not realistic because of their ages, but their children aren't) Maybe it's what this country needs.

As I understand it, the fall of most societies in the past has been do to the reliance on mercenaries (Volunteers, people who did it for money, health insurance, Eh?)

Do wanna know why we can't have a draft? A 2 star general once told me (in Kabul), we can't! How are we gonna draft woman? (Don't ping on me, I have served in the military with alot of very high quality woman. In fact, I'm married to one of them)

Lastly, I think jetwash is being sarcastic, but with the written word it's hard to tell?

Take care, Semore

 

[Praetorian]

Lastly, I think jetwash is being sarcastic, but with the written word it's hard to tell? Take care, Semore

No way...



Thomas Paine would be proud!