Kev3188
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A Hispanic president? No problemo.
A theocratic one? No thanks.
Pro tip: your projection/flipping game needs some work.
A theocratic one? No thanks.
Pro tip: your projection/flipping game needs some work.
Ted Cruz Announces
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townpete
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Kev3188 said:
Who's peddling the fear now?
Over some fictitious theocracy you think will be subjugated on you?
Seriously?
Oh yeah that's right you have some whacked out vision of a socialist utopia (that never existed). Ever.
Kev3188
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No fear, just reason.
KCFlyer
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Traymark said:
Did you remember to add in the 16% tax on everything you spend? Look up what his 16% "business flat tax" is....pretty much a national sales tax. And we all know that companies don't pay taxes....they just pass them on to the consumer.
You get a tax cut of 1 to 3% on everything you earn (with a flat tax, you will pay 10% just like the Koch brothers, George Soros and Warren Buffet will pay). But the effect of that value added tax will have you paying 16% or more on the things you buy. So you have to add that in.
Here in Kansas, we had record tax cuts. But they raised the sales tax. Seems that 3 minus 2 doesn't really equal 5, as we have been led to believe.
KCFlyer
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Traymark said:
This part talks about business, but it's really determining how much more you will pay:
So if you have a mortgage, you won't be able to deduct that interest, so your taxable income is going to go up a few thousand dollars.
If I am a business and I am selling a widget for $100, when the Cruz plan is implemented and I am charged $16 for selling it to you, will I keep my price at $100, or will I raise it to $116? I've always heard conservatives tell me that business never pays taxes, they pass them on to the consumer. So you'll be paying more for what you buy....cars....food....clothes...airline tickets...a home improvement project.
KCFlyer said:
Merry Christmas KC.
After scanning through here, it looks as though Tray got the better of this exchange.
Your scenario assumes a current tax rate of zero for businesses, it's 35%.
Cruz is proposing lowering it to 16%.
It wasn't all that long ago there was laughter here at a Cruz run for POTUS.
That's looking like premature postage.
Merry Christmas All.
KCFlyer
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CMH_GSE said:
Hmmmm....I seem to recall the right going ballistic and jumping up and down when GE paid nothing (in fact, got money back) because Jeff Immelt was buddies with Obama. So they apparently weren't paying 35%...and most likely would balk at paying 16%. And while don't usually use Newsmax as a source, but I find that many who disagree with me feel that it's accurate. They had an article about other companies who are paying much less than 35%.
Merry Christmas to you too.
KC,
Yes, some companies pay less than 35%, some, not all.
And the beautiful thing about America, there this thing called market prices that ALL businesses must compete in so a few cant Willy nilly raise their prices , they have to compete.
Some will be paying more in taxes, as they should and some won't pay any more and some will pay less.
They will all be competing in the same market, which regulates prices.
Merry Christmas
Yes, some companies pay less than 35%, some, not all.
And the beautiful thing about America, there this thing called market prices that ALL businesses must compete in so a few cant Willy nilly raise their prices , they have to compete.
Some will be paying more in taxes, as they should and some won't pay any more and some will pay less.
They will all be competing in the same market, which regulates prices.
Merry Christmas
Perfect example of why KC is right.
Company X makes a washing machine, pays it employees $15 an hour, say they sell it for $500 a unit.
Company X moves its factory to Mexico or SE Asia, pays the workers, $1 an hour, yet they still sell the washer for $500.
Why didnt they pass the savings on to the consumer?
Company X makes a washing machine, pays it employees $15 an hour, say they sell it for $500 a unit.
Company X moves its factory to Mexico or SE Asia, pays the workers, $1 an hour, yet they still sell the washer for $500.
Why didnt they pass the savings on to the consumer?
First, you who defend the Cruz plan by dismissing the VAT need to go back and read up on the concept. You will pay an extra 16% on everything you buy, as will every entity at every step of production and resale.
If you think that is a tax cut for you, you are wrong.
It is also very highly regressive, and a thinly disguised tool for transferring wealth to the Domininist Cause.
If you think that is a tax cut for you, you are wrong.
It is also very highly regressive, and a thinly disguised tool for transferring wealth to the Domininist Cause.
KCFlyer
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Look at how a VAT works. It's not cutting the corporate tax rate from 35%...it's assessing a tax at every point in production. That gets passed around in a myriad of ways. An article I read described it this wayCMH_GSE said:
Tha's pretty simplistic, but it can get more complicated. Let's say Boeing is building a jet to sell to United. They need seats for the plane, so they turn to ABC seat company. In order to build the seats, ABC needs fabric and aluminum for the frame. So they turn to XYZ mills for the fabric, and Acme Aluminum for the aluminum. When Acme sells the aluminum to ABC, they pay a 16% tax to the government. When XYZ sells the fabric to ABC, they pay a 16% tax to the government. When ABC sells the seat to Boeing, they pay a 16% tax on their stuff. When Boeing sells the plane to United, they pay a 16% tax to the government. And when United sells you a ticket, they pay a 16% tax on the ticket price. Are ALL of these companies going to eat that tax that they pay? Or will they push the cost down the line? So it's not just United selling you a ticket...it's United paying the taxes from the other companies that were passed on to them. Do they eat it or pass it on to the consumer? That's a silly question I know since the usual way companies address increased costs is to cut the labor force.
I know that sounds kind of convoluted, but that's why politicians stick to the easy stuff...Isn't it just easier to say “tax cut”? Again...most conservatives tell me that corporations don't pay taxes – they just pass it along to the consumer.
http://www.politico.com/story/2015/12/ted-cruz-gay-marriage-secret-audio-217090?cmpid=sf
What Ted Cruz said behind closed doors
A secret tape from a New York fundraiser could mean trouble for a candidate selling authenticity.
Read more: http://www.politico.com/story/2015/12/ted-cruz-gay-marriage-secret-audio-217090#ixzz3vPvIPni7
What Ted Cruz said behind closed doors
A secret tape from a New York fundraiser could mean trouble for a candidate selling authenticity.
Read more: http://www.politico.com/story/2015/12/ted-cruz-gay-marriage-secret-audio-217090#ixzz3vPvIPni7
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