RANT: The four insideous taxes

Sunday, February 3, 2013
‎”“Florida is a state of choice,” said Thalius Hecksher, global development chief for Apex Fund Services, who moved many of his operations to Palm Beach. “It’s organically grown. There’s no need to drag people down here. It’s a zero-income-tax jurisdiction.”” http://buff.ly/WszLB0 Should have done it year ago!!!

‘Wall St.’ flees NY for tax-free Fla.

http://www.nypost.com

The city’s hedge-fund executives are flying south — and it’s not for vacation. An increasing number of financial firms, especially private equity and hedge funds, are fed up with…
–30–
Don’t forget FOUR insidious taxes that you don’t see: (1) the inflation tax — the FED has destroyed 99%of the value of the dollar in the last three or four decades; (2) the gas tax — gets added into every product sold and into every capital good used to make products, or deliver them; (3) the corporate tax — corps don’t pay tax, people do, they just pass it on; and (4) the estate tax — that turns productive assets into legal fees and schemes to avoid it as opposed to capital investment that improves society’s wealth — say goodbye to the family farm or a families’ small business. I’d assert that (a) the true tax rate is incalculable because it’s so well hidden; (B) it crushes the poor and middle class; and (c) some years we pay more than 100% of an annual year’s earnings in taxes! The loss of purchasing power means real savings goes down DESPITE rising account balances!!!!!!!!!

–30–

QUOTE: … the tax would be paid by the cows

Wednesday, August 17, 2011

http://cafehayek.com/2011/08/quotation-of-the-day-35.html

Quotation of the Day…
by DON BOUDREAUX on AUGUST 16, 2011
in SEEN AND UNSEEN, TAXES

*** begin quote ***

… is from EconLog’s David Henderson who recalls how the Herbert Stein described the failure to understand that taxes on corporations are taxes on people:

“I remember that in addressing the issue in the 1980s, the late Herb Stein said that it’s as if people think that if the government imposed a tax on cows, the tax would be paid by the cows.”

*** end quote ***

This reaffirms my RANT about the fact that a “corporation” is a fiction for a mob of real people. WHICH does nothing but hide the taxes in costs passed along to REAL people.

Argh!

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INTERESTING: Corporations are just people in disguise

Sunday, August 14, 2011

http://hosted.ap.org/dynamic/stories/U/US_ROMNEY_2012?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-08-11-12-34-40

Aug 11, 8:50 PM EDT
Romney: ‘Corporations are people, my friend’
By PHILIP ELLIOTT Associated Press

*** begin quote ***

DES MOINES, Iowa (AP) — Republican presidential hopeful Mitt Romney, clearly irritated by a handful of hecklers amid supporters at the Iowa State Fair, insisted Thursday that “corporations are people,” a comment Democrats gleefully predicted would be a defining moment of his campaign.

*** end quote ***

I’ve tried to convince folks that the correct rate of corporate tax is zero.

(I think I could make a case for a 1% tax on gross receipts so the Gooferment could collect some un-fudge-able statistics. And, since “corporations” are a creation of the Gooferment, then any Gooferment intervention is just a fee fro their existence.)

Just last night, I was in a heated discussion about Exon Mobil. Taxes paid by them is merely wealth redirected from real people via pension funds to the Gooferment.

Sigh!

There is some validity to the argument that executive compensation is out of control. And corporations engaging in crony capitalism are bribing politicians and bureaucrats to insulate them from competition and secure “franchises”.

Socialists always want to control everything. This is no different. Hitler, Stalin, Mai. They all need control.

We have to be clear in our paradigms and memes.

Corporations are merely a useful fiction for a bunch of people.

Argh!

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POLITICAL: Pay the big gang off first

Wednesday, August 12, 2009

http://www.parojo.com/news/content/DR_DOOLITTLE_CLOSED_08-09-09_ITFAOKI_v45.39864d3.html

Pet store shut over sales-tax nonpayment
01:00 AM EDT on Sunday, August 9, 2009
By Alex Kuffner
Journal Staff Writer

*** begin quote ***

He went to the Division of Taxation in Providence on July 30 to deliver a check for $4,500 — all the money he had on hand. He asked if he could keep the pet shop on Newport Avenue open long enough to liquidate by selling off the animals. The tax representative said no.

The next day, he returned to file tax forms that were overdue. A representative told him that if he paid another $10,000, he would be allowed to reopen. He said he didn’t have the money. He asked what would happen if he defied the order and was told he could be fined and imprisoned. He left the office in tears, escorted out by a supervisor.

*** end quote ***

Make no mistake about it, the gooferment is a criminal gang. Heartless and money hungry. And, dont stand in their way.

In a perverse sort of a way, they are doing the fellow a favor forcing him out of business. A money losing business.

But, force leads to force.

In this case, it’s wasy to see the guns of government.

Aren’t you ashamed at what is done in your name?

I am.

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GOVEROTRAGEOUS: Old rule; unintended consequences

Wednesday, June 17, 2009

http://online.wsj.com/article/SB124473141538306335.html

JUNE 11, 2009, 4:38 P.M. ET
IRS Weighs Rules for Taxing Private Use of Work Cellphones
By MARTIN VAUGHAN

*** begin quote ***

WASHINGTON — The IRS is weighing a proposal to deem one-quarter of employees’ use of work cellphones as personal use and therefore subject to tax as a fringe benefit.

*** end quote ***

Cellphone used to be a big exec perk. Congresscritters figured “punish the rich”. Except one of my favorite technology architectural principle came into operation — change happens; time silently alters the playing field — and now the law of unintended consequences operates. Cell phones are cheap and plentiful. Record keeping is expensive, error-prone, and useless. Perk is now a general pain. And, the biz doesn’t give them out for any other reason that to have a 24 hour work force without paying 24 hour wages.

Taxes are theft. Close the IRS. Shrink the gooferment. And, kill corporations! They are nothing more than secret tax collectors anyway.

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GOVEROTRAGEOUS: Making an Irish company with a U.S. subsidiary

Wednesday, May 6, 2009

http://washingtontimes.com/news/2009/may/05/businesses-pan-obamas-tax-crackdown-plan/

Businesses pan tax crackdown plan
Say proposal to close loopholes will drive jobs out of the country
By Jon Ward (Contact) | Tuesday, May 5, 2009

*** begin quote ***

“Obama’s proposal will shove jobs and capital out of America and into foreign countries,” said Americans for Tax Reform, pointing out that U.S. companies already pay a higher corporate tax rate of 40 percent domestically than in many other countries, and that forcing them to pay this rate on profits they make internationally will drive operations out of the country.

“It’s a relatively simple matter for a U.S. company with an Irish subsidiary to become an Irish company with a U.S. subsidiary,” the anti-tax group said.

*** end quote ***

Politicians think that no one will adapt to their latest hair brained scheme.

I hope someone is keeping track of this little “project’s” results.

We should have a zero corporate tax rate. And, everyone would be moving here!

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INTERESTING: Companies can move!

Tuesday, March 17, 2009

http://www.americanthinker.com/blog/2009/03/welcome_to_the_new_houston_tx.html

March 17, 2009
Welcome to the new Houston, TX … Zug, Switzerland
Larrey Anderson and Otis Glazebrook

*** begin quote ***

Where does U.S. oil money go when Obama promises to punish the oil companies for excess profits? Reuters’ Sam Cage knows:

*** end quote ***

What these socialists forget is that companies can site where ever they want. So guess what? Bye bye USA!

It’s the corporate version of a “tax revolt”. They don’t stand and fight. They run.

Unfortunately, it’s harder for real people. If I was a wee lad, I’d be off to NH with the Free State Project. http://www.freestateproject.org/ Before your “roots” harden you into the ground.

Churchill’s words echo hollow here in NJ, when do we fight? When it’s hopeless!

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POLITICAL: Tax increases in a recession?

Sunday, February 22, 2009

http://www.washingtonpost.com/wp-dyn/content/article/2009/02/21/AR2009022100911_pf.html

Obama’s First Budget Seeks To Trim Deficit
Plan Would Cut War Spending, Increase Taxes on the Wealthy
By Lori Montgomery and Ceci Connolly
Washington Post Staff Writers
Sunday, February 22, 2009; A01

*** begin quote ***

President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on businesses and the wealthy and by slashing spending on the wars in Iraq and Afghanistan, administration officials said.

*** end quote ***

Companies don’t pay taxes; people do. So raising the corporate tax is essentially a tax increase for everyone; poor included.

Rich folks have the ability to defer income and shit it and even “coast”. Watch how revenues “fail to appear”!

Stupidity!

Ignores the lessons of Kennedy and Regan.

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JOBSEARCH: H1Bs benefit at the expense of American workers?

Thursday, February 5, 2009

http://news.slashdot.org/article.pl?sid=09%2F01%2F24%2F078245&from=rss

Senator Prods Microsoft On H-1B Visas After Layoff Plans Posted by Soulskill on Saturday January 24, @08:18AM

from the checking-their-priorities dept.

*** begin quote ***

CWmike writes “US Sen. Charles Grassley (R-Iowa) told Microsoft this week that US citizens should get priority over H-1B visa holders as the software vendor moves forward on its plan to cut 5,000 jobs. ‘These work visa programs were never intended to allow a company to retain foreign guest workers rather than similarly qualified American workers, when that company cuts jobs during an economic downturn,’ Grassley wrote in a letter sent Thursday to Microsoft CEO Steve Ballmer. The letter asked Microsoft to detail the types of jobs that will be eliminated and how those cuts will affect the company’s H-1B workers.”

Reader theodp adds, “On Friday, Microsoft coincidentally announced it would postpone construction of a planned $500 million data center in Grassley’s home state of Iowa, although work on data centers in Chicago and Dublin will continue.”

*** end quote ***

Sounds like the “barbara streisand” is going to hit the proverbial fan.

I’m no fan of gooferment action. But corporations are creations of the gooferment.

Sounds like INS should yank 5k of H1Bs serving Microsoft. Today!?!

imho

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RANT: O versus L? The typical false choice.

Friday, January 30, 2009

http://www.politico.com/news/stories/0109/18194_Page2.html  

Are you with Obama or Rush?
By JONATHAN MARTIN
1/29/09 8:00 PM EST
Updated: 1/30/09 4:37 AM EST

*** begin quote ***

Politico has learned that tomorrow Americans United for Change, a liberal group, will begin airing radio ads in three states Obama won — Ohio, Pennsylvania and Nevada — with a tough question aimed at the GOP senators there: Will you side with Obama or Rush Limbaugh?

“Every Republican member of the House chose to take Rush Limbaugh’s advice,” says the narrator after playing the conservative talk radio giant’s declaration that he hopes Obama “fails.”

“Every Republican voted with Limbaugh — and against creating 4 million new American jobs. We can understand why a extreme partisan like Rush Limbaugh wants President Obama’s Jobs program to fail — but the members of Congress elected to represent the citizens in their districts? That’s another matter. Now the Obama plan goes to the Senate, and the question is: Will our Senator”—here the ad is tailored by state to name George Voinovich in Ohio, Arlen Specter in Pennsylvania, and John Ensign in Nevada—”side with Rush Limbaugh too?”

Asked to respond, Limbaugh had a message for his party.

“Senate Republicans need to understand this is not about me,” he wrote in an email. “It is about them, about intimidating them, especially after the show of unity in House. It is about the 2010 and 2012 elections. This is an opportunity for Republicans to redefine themselves after a few years of wandering aimlessly looking for a ‘brand’ and identity.”

*** and ***

Senate Republicans acknowledge that they’ll lose some of their members on the first vote.

“We’re in a little different spot than the House in that we have a handful of Republicans who have all but committed to supporting the package,” said a Senate GOP aide.

The aide declined to say who, but speculation on both sides of the aisle is centered on a group of northeasterners — Senators Susan Collins and Olympia Snowe of Maine, Sen. Judd Gregg (NH) and Specter.

*** end quote ***

Everyone should be real clear. The “stimulus” bill is not about stimulus, jobs, or benefits for the “folks”.

It’s about socialism, pork spending, and making future voters for the democratic party.

Rahm told you that a crisis is a terrible thing to waste.

We’ve been hustled before — the Bush pre-rebate, the TARP, and now this!

And, the ad offers a false choice — O versus L?

I’m with neither.

The Republican Party NOW, when it’s out of power wants to “brand” itself as the party of smaller gooferment again. Where were they for eight years? We have the TSA, deficits, and out of control spending. All caused by a President who wouldn’t veto anything.

And, O wants to remake America on the basis of he “won” an election. Hey, guess what, more folks didn’t vote than voted. So you were elected by 28% to 24%. That should tell you that your plurality is very small.

More than half the Americans know they are getting screwed no matter which “side” won.

Not that there is much difference between EITHER “side”!

In this case, I am against the “gooferment enlargement” package.

You want to restart the economy. Shrink gooferment — Nuke the TSA, Kill whole gooferment department and agencies, stop the psuedo drug war, pardon all non-violent drug offenders, and return to normal. Cut the corporate tax to ZERO forever. It’s a sham; only real people pay taxes. Corporate taxes hide how much the gooferment is stealing from us.

Argh!

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RANT: Fixing a broken leg? Corporations receiving bailouts look overseas

Wednesday, January 28, 2009

http://apnews.myway.com/article/20090116/D95OHIB80.html

Report: Over 8 in 10 corporations have tax havens
Jan 16, 6:28 PM (ET)
By KEN THOMAS

*** begin quote ***

WASHINGTON (AP) – Eighty-three of the nation’s 100 largest corporations, including Citigroup, Bank of America and News Corp. (NWSA), had subsidiaries in offshore tax havens in 2007, and some of the companies received federal bailout funding, a government watchdog said Friday.

The Government Accountability Office released a report that said Bank of America Inc., Citigroup Inc. (C) and Morgan Stanley (MS) all had more than 100 units in countries that maintain low or no taxes. The three financial institutions were included in the $700 billion financial bailout approved by Congress.

*** end quote ***

Corporations are a product of the gooferment. Why are we surprised when they take bailout money and setup tax shelters? I’m sure the congresscritters will “fix” this! (Fix in the sense of amputating the broken leg!)

Argh!

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POLITICAL: the only real way to economically “stimulate”

Monday, January 19, 2009

http://ncc-1776.org/tle2009/tle502-20090118-02.html

Collectivism’s Last Stand
by L. Neil Smith

*** begin quote ***

Politicians must be taught, in no uncertain terms, that the only real way to economically “stimulate” the Productive Class is to stop stealing their fucking money! If the government announced a total tax amnesty, as well as a complete, permanent end to individual and corporate taxes—repealing all unconstitutional economic regulations would help, too—this depression would be over by the end of the week.

*** end quote ***

You have to admire how LNS can “turn a phrase”!

Wonder if it would take all the way to the end of the week?

“Next day” might be a better estimate.

But, we don’t have to worry. It will never occur to the congress critters!

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NJ: Lonegan NJ Guv candidate — for lower taxes!

Thursday, December 4, 2008

http://lonegan.com/Where_Steve_Stands.aspx

Steve Lonegan
Republican for Governor

*** begin quote ***

Where Steve Stands On The Issues

Steve Lonegan is New Jersey’s number one fighter for overtaxed working families fed up with high taxes and an intrusive state government.

People know Steve Lonegan as a man of action — a champion for working families who don’t understand why their taxes keep going up and up.

Lonegan is a conservative concerned that state government has grown too big and out of control.

For too long, taxpayers have looked at Trenton as a hostile force working against the interests of working families and local towns. Those days will end when Steve Lonegan is Governor and taxpayers will finally have a friend in Trenton.

Thanks to Jon Corzine and his fellow liberals, New Jersey now has the worst small business taxes as well as the highest state and local taxes. Under Corzine and the Democrats, state government spending has increased from $21 Billion to $33 Billion — a 57 percent increase in just 8 years!

As Governor, Steve will put an end to out-of-control spending. Lonegan will veto liberal spending programs, eliminate wasteful agencies and completely overhaul state government.

New regulations on small business owners from landscapers to fitness trainers will be overturned. Regulations forcing high-density, Low Income Housing projects on our suburban towns will be repealed.

{Extraneous Deleted}

# – # – #

Sounds good to me.

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POLITICAL: My economic recovery plan

Monday, November 24, 2008

http://www.lewrockwell.com/giles/giles30.html

Fallen Angel
by George Giles

*** begin quote ***

Our one party has two wings blue state socialists and red state fascists, they only disagree on minor conjectures like should we fleece the public fisc through the Federal Reserve, or the Internal Revenue service, or both?

*** and ***

If eternal vigilance is the price of liberty then Americans, as a culture, have been found wanting. The immense debt, the vanishing equity, and the struggling economic infrastructure are the waves upon which our ship of state sails.

*** end quote ***

Wonder if the sheeple will realize they have been had? If we have faith in the “American experiment”, then we can return to our roots of rugged individualism, cast out the socialists, and let the truly free market return us to prosperity. Enlightened individual self-interest is a powerful engine of prosperity. But, we have to be the “home of the free and land of the brave”.

(1) Let the bad actors in the marketplae fail. Citi, GM, NBC, or whomever has a problem; it’s just that. Their problem. Hard bitter medicine? Yes, but essential into correcting the “moral hazard” that our politicians have allowed to happen.

(2) Restore the “uptick rule” that prevents bear raids. FIre the genius at the Treasury, Fed, SEC that changed that one historical gem of an idea.

(3) Restore the marketplace in mortgages. Home ownership may not be for everyone. 20% down! Review every mortgage for criminal fraud. (Rumor hath it that Organized Crime went into the mortgage business.)

(4) End the “Drug Prohibition” policy. Sorry, but it’s nobody’s business what anyone puts in their own body. Pardon all non-violent drug offenders. Allow WalMart to battle the “illegal violent drug dealers”. (The cost of impure illicit drugs will dissolve overnight when Sam Walton’s children become “drug dealers”.) Clean safe drugs at everyday low prices will take all the profit and sexiness out of the drug culture. Hard to imagine a drug war over aspirin level prices. Pot, heroin, crack, and speed for $4 for a month’s supply? Maybe then as a society, we can focus on the medical problems that addicition represents. And, stop killing children both directly and indirectly. Eleimate all the drug agencies: DEA, FDA, and on and on. Consumers Reports, Underwriters Labratory, and “Drug Stores” like WalMart will do a far better job of keeping us safe.

(5) Downsize governemnt at all levels. Let’s conduct a raid on all these bloated kingdoms of waste. Let’s cut 5% per year. Every year.

(6) Let’s cut taxes. Business tax should be 0, but let’s start but cutting it to 10%. (Ireland is 11%!) We know that businesses don’t pay taxes; people do! Personal income tax ditto 10%. And, ONLY ONE ENTITY can collect our 10%. Either Federal, State, or Local gooferment. How they divide it up I care not, but no more than 10%. Property taxes should also be 0. Let the police, fire, and trash be supplied on a competitive basis.

(7) Let’s all MYOB. Marriage should be left to churches; not the gooferment.

How’s that for an economic recovery plan?

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POLITICAL: Corporations don’t pay taxes; people do. Zero the Corporate Tax Rate!

Sunday, September 28, 2008

http://www.doughroller.net/2008-presidential-elections/presidential-debate-fact-check-obama-mccain-economic-cla

First Presidential Debate Fact Check: Obama and McCain’s Economic Claims
Written by DR | Bookmarks: Reddit this, del.icio.us

*** begin quote ***

The first 2008 Presidential Debate saw both Senators Obama and McCain defend their economic proposals and attack the other’s plan. Facts, figures and statistics were flying back in forth during the exchange so fast it was difficult to keep up. So after the debate I watched the replay and read the transcript to pick out the economic claims made by both Presidential candidates. In this article, we’ll look at their claims to determine whether they are rock solid true (earning a score of 1), true but with a lot of spin (earning a score 2) or flat out, nose-growing false (earning a score of 3).

*** end quote ***

MY COMMENT ON THIS STORY

Excellent job on fact checking. Calm and reasoned. Apparently fair.

I have no “dog” in this fight. I’m a little L libertarian. Don’t care much for either candidate.

I would like to comment on “Corporate Income Tax”.

It’s a sham designed to deceive the folks as to what is the overall level of taxation that Americans pay.

CORPORATIONS DON’T PAY TAXES OR FEES. YOU DO!

As a “frugal” site, I read often, I think you’d hammer this home.

Corporations are very much like a zero sum game. If they have a cost, they pass it along to the person who buys their product or services. If it’s a widget with a pound of steel in it, your paying for that pound. Price of steel goes up, the corporation marks up the price of their product. Simple enough. If they didn’t they’d go broke.

When the gooferment imposes taxes on Corporations, that’s just another cost that the business pass along to you. EXCEPT now you can’t see it. You don’t know what portion of the cost of a loaf of bread is taxes and what portion is bread.

It gets worse, regulations and laws add costs. They come to you hidden in the cost of the products.

It gets even worse, when the gooferment taxes a product that corporations use to make or deliver other products (e.g., gasoline), that tax is a tax on taxes. And is passed along and even buried further. It has an exponential effect!

I’ve seen estimates that the real tax percentage in products is HUGE! 50 to 75%!! I don’t think anyone can tell. AND that’s excatly the politicians purpose.

Bottom line: Corporate taxes imho should be ZERO!

Let’s put the cost of gooferment squarely out in the open! These bozos are no fools. There’s a reason that Tax Day is a half a year away from election day. That reason is that they couldn’t get it any further away.

So, when either candidate talks about corporate taxes, regulation, and fees, I think they are, possibly unknowingly (But I don’t beleive that) DEFRAUDING us from know the true cost of how badly we are being ROBBED!

sigh, imho,
wake up sheeple,
fjohn

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