Inheritance Tax Interest expense (tax on the money)
Inventory tax IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Liquor Tax
Local Income Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Septic Permit Tax
Service Charge Taxes
Social Security Tax
Road Usage Taxes (Truckers)
Sales Taxes
Recreational Vehicle Tax
Road Toll Booth Taxes
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone federal excise tax
Telephone federal universal service fee tax
Telephone federal, state and local surcharge taxes
Telephone minimum usage surcharge tax
Telephone recurring and non-recurring charges tax
Telephone state and local tax
Telephone usage charge tax
Toll Bridge Taxes
Toll Tunnel Taxes
Traffic Fines (indirect taxation)
Trailer registration tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft registration Tax
Well Permit Tax
Workers Compensation Tax
COMMENTS: Not one of these taxes existed 100 years ago and our nation was the most prosperous in the world, had absolutely no national debt, had the largest middle class in the world and Mom stayed home to raise the kids.
COMMENTS: Not one of these taxes existed 100 years ago and our nation was the most prosperous in the world, had absolutely no national debt, had the largest middle class in the world and Mom stayed home to raise the kids.
What the hell happened?
got me...I am as prosperous as I can get, my wife stays home and raises the kids, I am not in debt and I love my country.
This how the Congress gets it's big pay raises every year
which is funny, since government revenue is directly correlated to the health of the economy. Thus if the congress needs additional taxes then they are increasing their spending more than the economy is growing, right?
It would be interesting in seeing the growth of government revenue correlated with the congress pay increases contrasted with the growth of the economy.
I find it amazing that in other counrties(France), the tax code actually has people coming here(US), to set up shop.
Whereas here, we have ingenuity to find a way to succeed(sp). :thumb:
I don't think there is a correlation between taxation and the american entrepreneurial spirit. I think many Americans have a unique "can-do" spirit and a system that rewards unconventional thoughts and exchanging risk for reward. But i don't see that as having anything to do with any of the branches of government, it's not something that can be encouraged through taxation or legislation. It is a character trait that Americans uniquely possesses and i think a lot of nations are envious of it.
That's not what I meant,sorry.
I mean, that we can always find a way, wheras they give up in their own countries, and come here.
No matter how bad it gets here, it is still a better business climate than over there.
That's not what I meant,sorry.
I mean, that we can always find a way, wheras they give up in their own countries, and come here.
No matter how bad it gets here, it is still a better business climate than over there.
so i take it you have no concerns about the trend of exporting jobs to low salaried nations like India and China?
ah, my bad. Still weird that an american company who has all employees in the US and sells all their good in the US, is listed on a US exchange can avoid some taxes by moving their headquarter outside the nation. Advanced tax planning at its finest.
Sorry, that was directed at Toby who asked where he could sign and I was suggesting in Bermuda.
Black & Decker did this also. I'm no accountant, but I believe the logic has to do with taxation of income made inside versus outside of the US - and these companies wanted to pay taxes based on that distinction. Or something like that.
I also find it ironic that Republican decry any cuts in defense spending - even when faced with bills they cannot pay.
ah, my bad. Still weird that an american company who has all employees in the US and sells all their good in the US, is listed on a US exchange can avoid some taxes by moving their headquarter outside the nation. Advanced tax planning at its finest.
well..I cant blame them.
We give + - 50% of every dollar to various government agencies. I have no problem paying my part but geez.
I think the whole corporation moving thing is not nearly as "bad" as people think. My company now is registered in MA and we pay MA taxes. A few years back I was involved in a startup that was registered in Nevada, but HQ'ed in MA. They were listed and treated as a foreign corporation, and had to pay MA tax on MA business.
Some folks think these companies that move to the Caymans aren't paying any taxes, but they are, probably just less than they did before. Rather than blaming the companies, I would say it's something the government needs to look at. Why are they leaving?
Regarding taxes 100 years ago vs. today... well, I guess the country was a lot different 100 years ago. We weren't the world superpower back then. We weren't as much of a high-tech nation as we are today. Also, the money the gov't gets in taxes, they spend every penny of it every year (sometimes more - har har ). FLOW of money is good for the economy, and if the gov't cut their entire budget by 75%, I bet it would devastate the economy. Most of those taxes aren't so bad - because they are applied evenly. The ones that I get pissed about are the ones where you pay more when you earn more - and you even pay a higher PERCENTAGE. That bites!
In the last 20 years the average US corporation has lowered their taxes by 10% through tax planning.
The average US corporation pays 20% in tax on it's profits vs. 30% 20 years ago.
Source: BusinessWeek about 5-10 issues ago (it was a pretty interesting article).
Pack - umm, besides the military put in place to protect its citizens (even you) - what is this new rant? You don't think it wise to simply quit government spending when it means that taxes have to be increased? And why not start with the 60,000 other useless obsessions the government has - before taxing people and companies more? Ever balanced a checkbook - if your reply is yes - would you rather buy a home security system or spend 75 times that amount in assessing grass structure? Exactly - you'd opt for protection before continuing to spend insane amounts on 'nice to haves'...
(j/k)
Linear Mode
