Uh oh, Here We Go Again!
#341
Guest
Posts: n/a
Re: Uh oh, Here We Go Again!
Only non-profit corporations. The rest tend to have investors and
bankers that insist that any penny the corporation pays out be balanced
by a penny plus a bit of profit that the corporation charges for its
goods or services. Only in the movies do they "make it up in volume" by
charging less than their costs--taxes, salaries, whatever.
L.W.(Bill) ------ III proclaimed:
> Geez, corporations pay dollar for dollar in Social Security taxes
> alone!
> God Bless America, Bill O|||||||O
> mailto:-------------------- http://www.----------.com/
>
> Matt, Osborn wrote:
>
>>The problem is, and always has been, that corporations _never_ pay
>>taxes. Their customers, employees and shareholders pay taxes, but the
>>corporations do not.
>>
>>When a government _says_ that it wants to tax corporations, what they
>>mean is that they want to tax everybody else and the corporation is
>>going to be the tax collector.
bankers that insist that any penny the corporation pays out be balanced
by a penny plus a bit of profit that the corporation charges for its
goods or services. Only in the movies do they "make it up in volume" by
charging less than their costs--taxes, salaries, whatever.
L.W.(Bill) ------ III proclaimed:
> Geez, corporations pay dollar for dollar in Social Security taxes
> alone!
> God Bless America, Bill O|||||||O
> mailto:-------------------- http://www.----------.com/
>
> Matt, Osborn wrote:
>
>>The problem is, and always has been, that corporations _never_ pay
>>taxes. Their customers, employees and shareholders pay taxes, but the
>>corporations do not.
>>
>>When a government _says_ that it wants to tax corporations, what they
>>mean is that they want to tax everybody else and the corporation is
>>going to be the tax collector.
#342
Guest
Posts: n/a
Re: Uh oh, Here We Go Again!
Only non-profit corporations. The rest tend to have investors and
bankers that insist that any penny the corporation pays out be balanced
by a penny plus a bit of profit that the corporation charges for its
goods or services. Only in the movies do they "make it up in volume" by
charging less than their costs--taxes, salaries, whatever.
L.W.(Bill) ------ III proclaimed:
> Geez, corporations pay dollar for dollar in Social Security taxes
> alone!
> God Bless America, Bill O|||||||O
> mailto:-------------------- http://www.----------.com/
>
> Matt, Osborn wrote:
>
>>The problem is, and always has been, that corporations _never_ pay
>>taxes. Their customers, employees and shareholders pay taxes, but the
>>corporations do not.
>>
>>When a government _says_ that it wants to tax corporations, what they
>>mean is that they want to tax everybody else and the corporation is
>>going to be the tax collector.
bankers that insist that any penny the corporation pays out be balanced
by a penny plus a bit of profit that the corporation charges for its
goods or services. Only in the movies do they "make it up in volume" by
charging less than their costs--taxes, salaries, whatever.
L.W.(Bill) ------ III proclaimed:
> Geez, corporations pay dollar for dollar in Social Security taxes
> alone!
> God Bless America, Bill O|||||||O
> mailto:-------------------- http://www.----------.com/
>
> Matt, Osborn wrote:
>
>>The problem is, and always has been, that corporations _never_ pay
>>taxes. Their customers, employees and shareholders pay taxes, but the
>>corporations do not.
>>
>>When a government _says_ that it wants to tax corporations, what they
>>mean is that they want to tax everybody else and the corporation is
>>going to be the tax collector.
#343
Guest
Posts: n/a
Re: Uh oh, Here We Go Again!
Only non-profit corporations. The rest tend to have investors and
bankers that insist that any penny the corporation pays out be balanced
by a penny plus a bit of profit that the corporation charges for its
goods or services. Only in the movies do they "make it up in volume" by
charging less than their costs--taxes, salaries, whatever.
L.W.(Bill) ------ III proclaimed:
> Geez, corporations pay dollar for dollar in Social Security taxes
> alone!
> God Bless America, Bill O|||||||O
> mailto:-------------------- http://www.----------.com/
>
> Matt, Osborn wrote:
>
>>The problem is, and always has been, that corporations _never_ pay
>>taxes. Their customers, employees and shareholders pay taxes, but the
>>corporations do not.
>>
>>When a government _says_ that it wants to tax corporations, what they
>>mean is that they want to tax everybody else and the corporation is
>>going to be the tax collector.
bankers that insist that any penny the corporation pays out be balanced
by a penny plus a bit of profit that the corporation charges for its
goods or services. Only in the movies do they "make it up in volume" by
charging less than their costs--taxes, salaries, whatever.
L.W.(Bill) ------ III proclaimed:
> Geez, corporations pay dollar for dollar in Social Security taxes
> alone!
> God Bless America, Bill O|||||||O
> mailto:-------------------- http://www.----------.com/
>
> Matt, Osborn wrote:
>
>>The problem is, and always has been, that corporations _never_ pay
>>taxes. Their customers, employees and shareholders pay taxes, but the
>>corporations do not.
>>
>>When a government _says_ that it wants to tax corporations, what they
>>mean is that they want to tax everybody else and the corporation is
>>going to be the tax collector.
#344
Guest
Posts: n/a
Re: Uh oh, Here We Go Again!
Old strip mines would make good landfills...... a 2 birds with 1 stone
deal...
"Lon" <lon.stowell@comcast.net> wrote in message
news:y8ydnSMwut7acjzZnZ2dnUVZ_rydnZ2d@comcast.com. ..
> Hootowl proclaimed:
>
>> On Mon, 26 Jun 2006 20:19:34 -0400, "Coasty" <uscg_ret at comcast dot
>> net> wrote:
>>
>>
>>>Or coal fired steam because the US has 2/3 of the worlds coal reserves,
>>>maybe we are saving it for a rainy day.
>>>Coasty
>>
>>
>> And you can make anything from coal you can make from petroleum. But
>> the conversion process (coal gasification) is more expensive. And
>> getting it out of the ground may be, too.
>
> Part of the cost of getting coal out of the ground can be attributed to
> the whims of folks who have obviously never been west of the Hudson River.
> Seems that after you strip mine coal in the western states you must
> restore the ground to a more natural appearing contour. This requirement
> was a bit baffling to engineers who would look at a played out strip mine
> and the nearby landscape--totally unable to see any difference between the
> two.
>
deal...
"Lon" <lon.stowell@comcast.net> wrote in message
news:y8ydnSMwut7acjzZnZ2dnUVZ_rydnZ2d@comcast.com. ..
> Hootowl proclaimed:
>
>> On Mon, 26 Jun 2006 20:19:34 -0400, "Coasty" <uscg_ret at comcast dot
>> net> wrote:
>>
>>
>>>Or coal fired steam because the US has 2/3 of the worlds coal reserves,
>>>maybe we are saving it for a rainy day.
>>>Coasty
>>
>>
>> And you can make anything from coal you can make from petroleum. But
>> the conversion process (coal gasification) is more expensive. And
>> getting it out of the ground may be, too.
>
> Part of the cost of getting coal out of the ground can be attributed to
> the whims of folks who have obviously never been west of the Hudson River.
> Seems that after you strip mine coal in the western states you must
> restore the ground to a more natural appearing contour. This requirement
> was a bit baffling to engineers who would look at a played out strip mine
> and the nearby landscape--totally unable to see any difference between the
> two.
>
#345
Guest
Posts: n/a
Re: Uh oh, Here We Go Again!
Old strip mines would make good landfills...... a 2 birds with 1 stone
deal...
"Lon" <lon.stowell@comcast.net> wrote in message
news:y8ydnSMwut7acjzZnZ2dnUVZ_rydnZ2d@comcast.com. ..
> Hootowl proclaimed:
>
>> On Mon, 26 Jun 2006 20:19:34 -0400, "Coasty" <uscg_ret at comcast dot
>> net> wrote:
>>
>>
>>>Or coal fired steam because the US has 2/3 of the worlds coal reserves,
>>>maybe we are saving it for a rainy day.
>>>Coasty
>>
>>
>> And you can make anything from coal you can make from petroleum. But
>> the conversion process (coal gasification) is more expensive. And
>> getting it out of the ground may be, too.
>
> Part of the cost of getting coal out of the ground can be attributed to
> the whims of folks who have obviously never been west of the Hudson River.
> Seems that after you strip mine coal in the western states you must
> restore the ground to a more natural appearing contour. This requirement
> was a bit baffling to engineers who would look at a played out strip mine
> and the nearby landscape--totally unable to see any difference between the
> two.
>
deal...
"Lon" <lon.stowell@comcast.net> wrote in message
news:y8ydnSMwut7acjzZnZ2dnUVZ_rydnZ2d@comcast.com. ..
> Hootowl proclaimed:
>
>> On Mon, 26 Jun 2006 20:19:34 -0400, "Coasty" <uscg_ret at comcast dot
>> net> wrote:
>>
>>
>>>Or coal fired steam because the US has 2/3 of the worlds coal reserves,
>>>maybe we are saving it for a rainy day.
>>>Coasty
>>
>>
>> And you can make anything from coal you can make from petroleum. But
>> the conversion process (coal gasification) is more expensive. And
>> getting it out of the ground may be, too.
>
> Part of the cost of getting coal out of the ground can be attributed to
> the whims of folks who have obviously never been west of the Hudson River.
> Seems that after you strip mine coal in the western states you must
> restore the ground to a more natural appearing contour. This requirement
> was a bit baffling to engineers who would look at a played out strip mine
> and the nearby landscape--totally unable to see any difference between the
> two.
>
#346
Guest
Posts: n/a
Re: Uh oh, Here We Go Again!
Old strip mines would make good landfills...... a 2 birds with 1 stone
deal...
"Lon" <lon.stowell@comcast.net> wrote in message
news:y8ydnSMwut7acjzZnZ2dnUVZ_rydnZ2d@comcast.com. ..
> Hootowl proclaimed:
>
>> On Mon, 26 Jun 2006 20:19:34 -0400, "Coasty" <uscg_ret at comcast dot
>> net> wrote:
>>
>>
>>>Or coal fired steam because the US has 2/3 of the worlds coal reserves,
>>>maybe we are saving it for a rainy day.
>>>Coasty
>>
>>
>> And you can make anything from coal you can make from petroleum. But
>> the conversion process (coal gasification) is more expensive. And
>> getting it out of the ground may be, too.
>
> Part of the cost of getting coal out of the ground can be attributed to
> the whims of folks who have obviously never been west of the Hudson River.
> Seems that after you strip mine coal in the western states you must
> restore the ground to a more natural appearing contour. This requirement
> was a bit baffling to engineers who would look at a played out strip mine
> and the nearby landscape--totally unable to see any difference between the
> two.
>
deal...
"Lon" <lon.stowell@comcast.net> wrote in message
news:y8ydnSMwut7acjzZnZ2dnUVZ_rydnZ2d@comcast.com. ..
> Hootowl proclaimed:
>
>> On Mon, 26 Jun 2006 20:19:34 -0400, "Coasty" <uscg_ret at comcast dot
>> net> wrote:
>>
>>
>>>Or coal fired steam because the US has 2/3 of the worlds coal reserves,
>>>maybe we are saving it for a rainy day.
>>>Coasty
>>
>>
>> And you can make anything from coal you can make from petroleum. But
>> the conversion process (coal gasification) is more expensive. And
>> getting it out of the ground may be, too.
>
> Part of the cost of getting coal out of the ground can be attributed to
> the whims of folks who have obviously never been west of the Hudson River.
> Seems that after you strip mine coal in the western states you must
> restore the ground to a more natural appearing contour. This requirement
> was a bit baffling to engineers who would look at a played out strip mine
> and the nearby landscape--totally unable to see any difference between the
> two.
>
#347
Guest
Posts: n/a
Re: Uh oh, Here We Go Again!
I am incorporated, I pay both halves of FICA. The 'half' that the
corporation pays comes right out of my paycheck. Once again, the
corporation does not pay taxes.
Think about it, does a corporation retire in Costa Rica to live off
its profits? Only people do that; the corporation is only a shell,
providing legal shelter to its incorporators and business for tax
accountants.
The money a corporation holds isn't useful unless spent on salaries,
raw materials or production facilities. It isn't like you or I who
would save it for retirement, go on vacation or some such.
Whenever the corporation spends money it becomes a tax event; such as
business for a supplier, payroll for employees or income for
investors; all of which are taxable events.
When a corporation is taxed, one of two things has to happen. Either
the corporation raises its prices or it reduces its expenses.
Corporate expenses are payroll, supplies and investor income. Neither
of the two options affects the corporation. The former will affect
the customer and the latter affects the suppliers, employees and the
investors.
In other words, there is no way for a corporation to actually pay
taxes. A corporation is a way of doing business, not a thing or a
person. Even though it is for legal reasons, recognized as an entity,
it is not an actual entity.
On Tue, 27 Jun 2006 16:11:57 -0700, "L.W.(Bill) ------ III"
<----------@***.net> wrote:
> Geez, corporations pay dollar for dollar in Social Security taxes
>alone!
> God Bless America, Bill O|||||||O
>mailto:-------------------- http://www.----------.com/
>
>Matt, Osborn wrote:
>>
>> The problem is, and always has been, that corporations _never_ pay
>> taxes. Their customers, employees and shareholders pay taxes, but the
>> corporations do not.
>>
>> When a government _says_ that it wants to tax corporations, what they
>> mean is that they want to tax everybody else and the corporation is
>> going to be the tax collector.
-- msosborn at msosborn dot com
corporation pays comes right out of my paycheck. Once again, the
corporation does not pay taxes.
Think about it, does a corporation retire in Costa Rica to live off
its profits? Only people do that; the corporation is only a shell,
providing legal shelter to its incorporators and business for tax
accountants.
The money a corporation holds isn't useful unless spent on salaries,
raw materials or production facilities. It isn't like you or I who
would save it for retirement, go on vacation or some such.
Whenever the corporation spends money it becomes a tax event; such as
business for a supplier, payroll for employees or income for
investors; all of which are taxable events.
When a corporation is taxed, one of two things has to happen. Either
the corporation raises its prices or it reduces its expenses.
Corporate expenses are payroll, supplies and investor income. Neither
of the two options affects the corporation. The former will affect
the customer and the latter affects the suppliers, employees and the
investors.
In other words, there is no way for a corporation to actually pay
taxes. A corporation is a way of doing business, not a thing or a
person. Even though it is for legal reasons, recognized as an entity,
it is not an actual entity.
On Tue, 27 Jun 2006 16:11:57 -0700, "L.W.(Bill) ------ III"
<----------@***.net> wrote:
> Geez, corporations pay dollar for dollar in Social Security taxes
>alone!
> God Bless America, Bill O|||||||O
>mailto:-------------------- http://www.----------.com/
>
>Matt, Osborn wrote:
>>
>> The problem is, and always has been, that corporations _never_ pay
>> taxes. Their customers, employees and shareholders pay taxes, but the
>> corporations do not.
>>
>> When a government _says_ that it wants to tax corporations, what they
>> mean is that they want to tax everybody else and the corporation is
>> going to be the tax collector.
-- msosborn at msosborn dot com
#348
Guest
Posts: n/a
Re: Uh oh, Here We Go Again!
I am incorporated, I pay both halves of FICA. The 'half' that the
corporation pays comes right out of my paycheck. Once again, the
corporation does not pay taxes.
Think about it, does a corporation retire in Costa Rica to live off
its profits? Only people do that; the corporation is only a shell,
providing legal shelter to its incorporators and business for tax
accountants.
The money a corporation holds isn't useful unless spent on salaries,
raw materials or production facilities. It isn't like you or I who
would save it for retirement, go on vacation or some such.
Whenever the corporation spends money it becomes a tax event; such as
business for a supplier, payroll for employees or income for
investors; all of which are taxable events.
When a corporation is taxed, one of two things has to happen. Either
the corporation raises its prices or it reduces its expenses.
Corporate expenses are payroll, supplies and investor income. Neither
of the two options affects the corporation. The former will affect
the customer and the latter affects the suppliers, employees and the
investors.
In other words, there is no way for a corporation to actually pay
taxes. A corporation is a way of doing business, not a thing or a
person. Even though it is for legal reasons, recognized as an entity,
it is not an actual entity.
On Tue, 27 Jun 2006 16:11:57 -0700, "L.W.(Bill) ------ III"
<----------@***.net> wrote:
> Geez, corporations pay dollar for dollar in Social Security taxes
>alone!
> God Bless America, Bill O|||||||O
>mailto:-------------------- http://www.----------.com/
>
>Matt, Osborn wrote:
>>
>> The problem is, and always has been, that corporations _never_ pay
>> taxes. Their customers, employees and shareholders pay taxes, but the
>> corporations do not.
>>
>> When a government _says_ that it wants to tax corporations, what they
>> mean is that they want to tax everybody else and the corporation is
>> going to be the tax collector.
-- msosborn at msosborn dot com
corporation pays comes right out of my paycheck. Once again, the
corporation does not pay taxes.
Think about it, does a corporation retire in Costa Rica to live off
its profits? Only people do that; the corporation is only a shell,
providing legal shelter to its incorporators and business for tax
accountants.
The money a corporation holds isn't useful unless spent on salaries,
raw materials or production facilities. It isn't like you or I who
would save it for retirement, go on vacation or some such.
Whenever the corporation spends money it becomes a tax event; such as
business for a supplier, payroll for employees or income for
investors; all of which are taxable events.
When a corporation is taxed, one of two things has to happen. Either
the corporation raises its prices or it reduces its expenses.
Corporate expenses are payroll, supplies and investor income. Neither
of the two options affects the corporation. The former will affect
the customer and the latter affects the suppliers, employees and the
investors.
In other words, there is no way for a corporation to actually pay
taxes. A corporation is a way of doing business, not a thing or a
person. Even though it is for legal reasons, recognized as an entity,
it is not an actual entity.
On Tue, 27 Jun 2006 16:11:57 -0700, "L.W.(Bill) ------ III"
<----------@***.net> wrote:
> Geez, corporations pay dollar for dollar in Social Security taxes
>alone!
> God Bless America, Bill O|||||||O
>mailto:-------------------- http://www.----------.com/
>
>Matt, Osborn wrote:
>>
>> The problem is, and always has been, that corporations _never_ pay
>> taxes. Their customers, employees and shareholders pay taxes, but the
>> corporations do not.
>>
>> When a government _says_ that it wants to tax corporations, what they
>> mean is that they want to tax everybody else and the corporation is
>> going to be the tax collector.
-- msosborn at msosborn dot com
#349
Guest
Posts: n/a
Re: Uh oh, Here We Go Again!
I am incorporated, I pay both halves of FICA. The 'half' that the
corporation pays comes right out of my paycheck. Once again, the
corporation does not pay taxes.
Think about it, does a corporation retire in Costa Rica to live off
its profits? Only people do that; the corporation is only a shell,
providing legal shelter to its incorporators and business for tax
accountants.
The money a corporation holds isn't useful unless spent on salaries,
raw materials or production facilities. It isn't like you or I who
would save it for retirement, go on vacation or some such.
Whenever the corporation spends money it becomes a tax event; such as
business for a supplier, payroll for employees or income for
investors; all of which are taxable events.
When a corporation is taxed, one of two things has to happen. Either
the corporation raises its prices or it reduces its expenses.
Corporate expenses are payroll, supplies and investor income. Neither
of the two options affects the corporation. The former will affect
the customer and the latter affects the suppliers, employees and the
investors.
In other words, there is no way for a corporation to actually pay
taxes. A corporation is a way of doing business, not a thing or a
person. Even though it is for legal reasons, recognized as an entity,
it is not an actual entity.
On Tue, 27 Jun 2006 16:11:57 -0700, "L.W.(Bill) ------ III"
<----------@***.net> wrote:
> Geez, corporations pay dollar for dollar in Social Security taxes
>alone!
> God Bless America, Bill O|||||||O
>mailto:-------------------- http://www.----------.com/
>
>Matt, Osborn wrote:
>>
>> The problem is, and always has been, that corporations _never_ pay
>> taxes. Their customers, employees and shareholders pay taxes, but the
>> corporations do not.
>>
>> When a government _says_ that it wants to tax corporations, what they
>> mean is that they want to tax everybody else and the corporation is
>> going to be the tax collector.
-- msosborn at msosborn dot com
corporation pays comes right out of my paycheck. Once again, the
corporation does not pay taxes.
Think about it, does a corporation retire in Costa Rica to live off
its profits? Only people do that; the corporation is only a shell,
providing legal shelter to its incorporators and business for tax
accountants.
The money a corporation holds isn't useful unless spent on salaries,
raw materials or production facilities. It isn't like you or I who
would save it for retirement, go on vacation or some such.
Whenever the corporation spends money it becomes a tax event; such as
business for a supplier, payroll for employees or income for
investors; all of which are taxable events.
When a corporation is taxed, one of two things has to happen. Either
the corporation raises its prices or it reduces its expenses.
Corporate expenses are payroll, supplies and investor income. Neither
of the two options affects the corporation. The former will affect
the customer and the latter affects the suppliers, employees and the
investors.
In other words, there is no way for a corporation to actually pay
taxes. A corporation is a way of doing business, not a thing or a
person. Even though it is for legal reasons, recognized as an entity,
it is not an actual entity.
On Tue, 27 Jun 2006 16:11:57 -0700, "L.W.(Bill) ------ III"
<----------@***.net> wrote:
> Geez, corporations pay dollar for dollar in Social Security taxes
>alone!
> God Bless America, Bill O|||||||O
>mailto:-------------------- http://www.----------.com/
>
>Matt, Osborn wrote:
>>
>> The problem is, and always has been, that corporations _never_ pay
>> taxes. Their customers, employees and shareholders pay taxes, but the
>> corporations do not.
>>
>> When a government _says_ that it wants to tax corporations, what they
>> mean is that they want to tax everybody else and the corporation is
>> going to be the tax collector.
-- msosborn at msosborn dot com
#350
Guest
Posts: n/a
Re: Uh oh, Here We Go Again!
On Wed, 28 Jun 2006 00:40:17 GMT, Tom Greening <tgreening@yomama.com>
wrote:
>Matt Osborn wrote:
>> The problem is, and always has been, that corporations _never_ pay
>> taxes. Their customers, employees and shareholders pay taxes, but the
>> corporations do not.
>>
>> When a government _says_ that it wants to tax corporations, what they
>> mean is that they want to tax everybody else and the corporation is
>> going to be the tax collector.
>
>
>Really? Geez, I wonder what that $150,000 I sent to the IRS was all
>about then.
Can you imagine if the government were to tax contracts between
individuals? Would the contract pay taxes? Of course not, the
individual pays taxes.
To answer your question, you sent $150,000 of what could have been
lower prices on your product, payroll (probably yours), supplies,
facilities or dividends (probably yours) to the IRS. You are free to
decide where it came from, but I'll guarantee that the corporation
isn't going to feel the pain nearly as much as you did.
-- msosborn at msosborn dot com
wrote:
>Matt Osborn wrote:
>> The problem is, and always has been, that corporations _never_ pay
>> taxes. Their customers, employees and shareholders pay taxes, but the
>> corporations do not.
>>
>> When a government _says_ that it wants to tax corporations, what they
>> mean is that they want to tax everybody else and the corporation is
>> going to be the tax collector.
>
>
>Really? Geez, I wonder what that $150,000 I sent to the IRS was all
>about then.
Can you imagine if the government were to tax contracts between
individuals? Would the contract pay taxes? Of course not, the
individual pays taxes.
To answer your question, you sent $150,000 of what could have been
lower prices on your product, payroll (probably yours), supplies,
facilities or dividends (probably yours) to the IRS. You are free to
decide where it came from, but I'll guarantee that the corporation
isn't going to feel the pain nearly as much as you did.
-- msosborn at msosborn dot com