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Obama administration transparancy....

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Posted: #26

Quote Originally Posted by TopDaddy24:

It's called working hard for your money and wanting to keep as much of it as possible.  You must live off the government systems...

Taxes aren't the most important thing in the world.

On top of that, the connection between taxes and money is abstract at best.

 

 
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Posted: #27
Well taxes are money and money is what drives this world. So I'd say taxes are very important.
 
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Posted: #28
Quote Originally Posted by hugo:

Can KOAJ even post 1 time without mentioning taxes. In all my life I have never seen as much of a one issue person as him. He cares not about anything else or anyone else, only his own tax liability and it's sad. My guess is that he would vote for Bin Laden as Prez if Bin would reduce taxes for Koaj. I havent seen anyone that cheap since Jack Benny, but at least he was funny.


taxes are everything

it's the role and scope of government, its aid (domestic and foreign), subsidies to farmers and tons more

everything is funded through taxes...the more the government wants to tax you (and me) the bigger role they want to play in our lives

f them and f their unconstitutional taxes. why is it so wrong that i want more of what i earn?
 
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Posted: #29
It's not how much the Feds collect, it's what they do with the money.
 
For the past 7 years they have been dumping it in Iraq.
 
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Posted: #30
Taxes are everything?
 
That is impossible.  Are you saying do away with everything important and just focus on taxes?
 
Income/Revenue is more important than taxes anyway.  Can think of another 500 things more important than taxes. 
 
ps
Abraham Lincoln invented Federal Taxes by the way.
 
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Posted: #31
Quote Originally Posted by FriedShrimp:

It's not how much the Feds collect, it's what they do with the money.
 
For the past 7 years they have been dumping it in Iraq.


military is less than what we spend on "entitlements"

in 10 years when the boomers start taking theirs our debt will be more than our GDP then nothing will matter except for what spot on the bread line you have
 
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Posted: #32
Income/Revenue is more important than taxes anyway.
---------
directly related to the tax rate
 
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Posted: #33
Quote Originally Posted by SecondAgain:

yet they are old enough to be sent away to die in wars

I was one of those in 1965, but that doesn't mean I wasn't Clueless as far as the government was concerned. I think around 40yrs old is the time when you wake up.

 
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Posted: #34
Cut spending.  If Bush would have remembered to do this, the books wouldn't be as fucked as they are.  Not only did he allow spending to skyrocket, he cut taxes mostly on the rich at the same time.  Bush is an economic idiot.

The chickens have come home to roost.  The rich are the first in line for government handouts.  "Have you gotten yours?" is the new GOP motto.
 
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Posted: #35
Quote Originally Posted by KOAJ:

Income/Revenue is more important than taxes anyway.
---------
directly related to the tax rate

Example 250....... The "Widget" Business

A company we will call "General Widgits" manufactures and sells American widgits worldwide.  NOWHERE in the supply, demand, patenting, manufacturing, marketing, distribution, or sales of widgits do tax conversations every once take place.

In fact, I bet the likelihood of business decisions spending more time talking about women's volleyball than taxes.

 

 
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Posted: #36
star - he should have cut spending but he wasnt the brightest. the tax cuts were for everyone, not just the rich
--------------

A company we will call "General Widgits" manufactures and sells American widgits worldwide.  NOWHERE in the supply, demand, patenting, manufacturing, marketing, distribution, or sales of widgits do tax conversations every once take place.

Mr Melon would disagree with your assessment of the widget company's tax expenses

taxation is a major decision on where to build your factory, what state to incorporate in, where you want your labor force to come from and how much you are going to pay them
 
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Posted: #37
Sure, in terms of cap ex and planning gonna involve SOME taxes but it's still MINOR and never major.
 
Access to labor force, suppliers, ports, markets, creative talent, golf courses, schools, weather, women's volleyball, etc, etc, etc, and finally just to please some beancounter at the end of the year, we let them bless some of type of tax idea and then send him back into his basement.
 
Taxes are irrelevant and always have been.
 
 
 
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Posted: #38
In fact, I can supply you with statistical data showing you that the HIGHER the tax rate, the more business is stimulated........ some smaller companies will actually spend or invest more at the end of the year (which is good for the economy) in order to defer taxes for a year.
 
 
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Posted: #39
The rules are different for Joe The Plumbers though.  They make plumbing decisions based on taxes.  You see how successful that plan is.
 
 
 
 
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Posted: #40
I think what you are trying to point out is that the "cost structure" is important.  Sure, it is important but taxes are only a teeny piece of that. 
 
 
It's like saying the price of tomatoes drives the entire restaurant industry. 
 
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Posted: #41
Quote Originally Posted by FriedShrimp:

In fact, I can supply you with statistical data showing you that the HIGHER the tax rate, the more business is stimulated........ some smaller companies will actually spend or invest more at the end of the year (which is good for the economy) in order to defer taxes for a year.
 


please do

link me, pdf me, excel doc, google doc, powerpoint...convince me that higher taxes lead to more business activity


 
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Posted: #42
Quote Originally Posted by FriedShrimp:

I think what you are trying to point out is that the "cost structure" is important.  Sure, it is important but taxes are only a teeny piece of that. 
 
 
It's like saying the price of tomatoes drives the entire restaurant industry. 


taxes are accounted for like everything else is in FY projections; like labor costs, supplies, energy, etc
 
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Posted: #43

Quote Originally Posted by KOAJ:



taxes are accounted for like everything else is in FY projections; like labor costs, supplies, energy, etc

The last 1000 financial statements I've read all assume 40% corporate tax rate.  There is some footnote explaining it but nobody on the planet understands it.  Has that changed in the last 20 years?

 
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Posted: #44
As a reader of a financial statement, everybody is accustomed to look at Operating Margin, Pretax Margin, Pretax Income, EBITDA, and cash flow (which typically assumes 40%).
 
That is where ALL the decisions go down unless it is a real estate deal.
 
 
 
 
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Posted: #45
your projected tax rate influences all of those numbers above
 
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Posted: #46
Quote Originally Posted by KOAJ:

your projected tax rate influences all of those numbers above

  No it doesn't..... taxes have no bearing on Operating Margin, PreTax Margin, Pretax Income, EBITDA.  It does affects cash flow but that's it. 

My point is that the projected tax rate for corporate decisions has not changed in 20 years.  Why would it change if we revert back to the Clinton rates?

 
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Posted: #47
Example #251........ Skateboard For Sale
 
Let's say you want $100 for your skateboard and I wanna offer you $50 bucks for your skateboard so it's negotiation time.
 
Are we gonna have to call tax accountants to get this deal done?
 
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Posted: #48
But back to "General Widgits"....... the big discussions going on in Widgit land are.....
 
1)  How many Widgits can we sell?
2)  How much can we charge?
You could probably sit in five years of Widgit meetings and never once hear the word taxes ever mentioned.
 
How a small difference in a corporate tax rate even remotely affects the economy is over my head.
 
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Posted: #49
Quote Originally Posted by FriedShrimp:

  No it doesn't..... taxes have no bearing on Operating Margin, PreTax Margin, Pretax Income, EBITDA.  It does affects cash flow but that's it. 

My point is that the projected tax rate for corporate decisions has not changed in 20 years.  Why would it change if we revert back to the Clinton rates?

I would like to see you pay your shareholders (you know owners) with "operating margin".  Last time I checked shareholders were concerned with "Earnings"....

 
 
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Posted: #50
Quote Originally Posted by Grego:

I would like to see you pay your shareholders (you know owners) with "operating margin".  Last time I checked shareholders were concerned with "Earnings"....

Well if paying employees is a problem, then taxes will certainly not be a problem.  Taxes are paid on profits after payroll.

 

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