700UW said:
Dog Wonder said:https://www.youtube.com/watch?v=Qn8A72wnOZM
700UW said: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?
Ifly2 said: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.
KCFlyer said: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 way
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.
It was a toast.EastUS1 said:Ah! How both refreshing and hugely surprising that you have NOTHING to actually offer in rebuttal?
cltrat said:you can tell Cruz has risen in the polls 700 has broken out the cartoons from the LWNJ sites.He used to reserve those for Trump.
EastUS1 said:
Indeed. The bottom line for these "interesting times" we live in:
http://thefederalistpapers.integratedmarket.netdna-cdn.com/wp-content/uploads/2015/12/128.jpg
Traymark said:
I suggest you actually read this article, explains it pretty well, and says its basically a wash because it removes the current taxes and replaces it with the 16% flat.
http://www.forbes.com/sites/danielmitchell/2015/10/29/ted-cruzs-tax-plan-is-pro-growth-and-reins-in-the-irs-but-there-is-one-worrisome-feature/
I know you guys are having a tough time wrapping your head around the fact that Cruz is running a perfect campaign so far.
It must be a very traumatic experience , especially for you 700, that the gay marriage thing, or any other social issue, just doesn't mean a hill of beans in this election cycle.
Issues 1,2,and 3 are , Who will protect this countries borders and people better than anyone else. Everything else is wasted time and band width.
Cruz is batting 1000 on the protection issue, that's why he contunes to climb higher in the polls daily.
Massive debt thing, that has tripled under a Libtard POTUS, while cutting military spending and if he's been cutting military spending , how the hell has he been incurring all this debt and better yet, on what?KCFlyer said:A 16% tax in every phase of production. In this case, it might well bring in MORE, since companies can't tweak the accounting during tax time, but if you don't think companies will pass this along to the consumer (consumer being the groups down the line), you are wearing rose colored glasses. Our current system is supposedly 35%. But starting in January they deduct this and write off that and lower this and tweak that, and ship this offshore and change that...until they pay very little. 16% at every step of production would be an increase for businesses.
As for protecting the country....Cruz has already amended his plan for the individual income tax...it remained 10%,but the original plan eliminated deductions. He's changed to to allow you to claim mortgage interest. Would you be willing to forgo your interest deduction to go to paying for the defense of this country?
But you're right...he sure has talked tough about defending this country. You know...defense doesn't come cheap....and we've already got this massive debt thing that we are told is bad....how does he cut taxes, increase defense spending, deploy the military AND bring down that debt? I guess he does have a Caribbean background, so maybe some voodoo is involved.
Inconvienent facts for the mentally challenged.southwind said:Massive debt thing, that has tripled under a Libtard POTUS, while cutting military spending and if he's been cutting military spending , how the hell has he been incurring all this debt and better yet, on what?
southwind said:Massive debt thing, that has tripled under a Libtard POTUS, while cutting military spending and if he's been cutting military spending , how the hell has he been incurring all this debt and better yet, on what?