RANT: The four insideous taxes
Sunday, February 3, 2013QUOTE: … the tax would be paid by the cows
Wednesday, August 17, 2011http://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, 2011Aug 11, 8:50 PM EDT
Romney: ‘Corporations are people, my friend’
By PHILIP ELLIOTT Associated Press
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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, 2009http://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
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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, 2009http://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
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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, 2009http://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, 2009http://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, 2009http://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.
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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, 2009http://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.
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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, 2009http://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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