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Article in today's AJC - people are finally catching on to proposed tax changes hurting middle class

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groundloop Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-31-11 08:31 AM
Original message
Article in today's AJC - people are finally catching on to proposed tax changes hurting middle class


http://www.ajc.com/news/georgia-politics-elections/tax-...



The state Publicans are calling this a tax cut, but in reality it's a giveaway to corporations, and in addition is a huge step toward the "fair tax", (which is far far more fair to the rich). This legislation proposes to do away with deductions for mortgate interest, will charge tax on personal auto sales, will tax groceries, will do away with deductins for charitable giving - ALL of these proposals will hit the middle class the hardest. An economist from Georgia State has stated that it will cost middle class taxpayers hundreds more per year.

We need to let our state reps and senators (even the right-wingers like mine) hear from us about this corporate giveaway.

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n2doc Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-09-11 07:56 AM
Response to Original message
1. A little too late, they already put these jokers in office
Maybe someday people will stop trying to restore the confederacy and join the 21st century.
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Hoyt Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-08-11 10:46 AM
Response to Reply #1
4. " . . . . .stop trying to restore the confederacy and join the 21st century." So true.
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rally2xs Donating Member (107 posts) Send PM | Profile | Ignore Mon May-02-11 04:35 PM
Response to Original message
2. "Giveaway To Corporations" Myth
Seem to see that whine a lot. Its a myth.

Corporations get their $$$ from 3 sources:

1) Their customers, when they raise prices to pay their corporate taxes.

2) Their employees, when they lower, or fail to raise their employees wages in order to be able to pay their corporate taxes.

3) Their stockholders (you and me by proxy, since our 401K's are invested in... corprations) that suffer reduced or eliminated dividends when they are used to pay corporate taxes.

IOW, it is impossible to tax a corporation. It just can't be done. Go back to algebra class, and remember that any variable can be replaced by its equivalent components, so we get:

Corprate$$$ = Customer$$$ + Emoloyee$$$ + Stockholder$$$.

So, very simply, if you try to tax a corp, you hit instead customers, employees, and stockholders. There's NO WAY to tax a corporation. The corporation simply ends up collecting the tax for you, from someone else.

The grim reality, however, is that such taxes DO damage the corporation. If you want to damage American corporations, so that even more jobs go overseas when the American corporation is driven out of business by the now-cheaper, not-paying-US-corporate-income-taxes foreign corporations, go right ahead. We're on the brink of economic collapse, and too many people are acting like that's what they want. Is it?

PS: You think that you're going to get those corporate taxes from the big-wigs in the company who make $10M a year? Lemme know where you're getting that stuff you're smoking, 'cuz it is good s***, and I want some too... If they start having to dip into their personal $$$ to keep the corporation floating, they'll simply close it, and do something else....
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groundloop Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-06-11 01:34 PM
Response to Reply #2
3. Apparently you don't think that corporations should pay their fair share of taxes???
Edited on Fri May-06-11 01:36 PM by groundloop
I guess since you say it's "impossible" to tax a corporation we might as well just set their tax rates at zero.

And that trickle down bullshit espoused by Saint Ronnie, it's had decades of testing now and it doesn't work.

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rally2xs Donating Member (107 posts) Send PM | Profile | Ignore Sun May-08-11 02:38 PM
Response to Reply #3
5. Once again...
I direct you to the equation:

Corporate$$$ = Customer$$$ + Employee$$$ + Stockholder$$$.

Which of this group of people do you hate? They're all you. None of them are "the corporation." Corps pay their taxes by raising product prices, failing to raise employees' wages, and lowering or eliminating dividends to stockholders.

Corporations CAN'T pay society in any currency other than jobs. Corporations are more than willing to pay society in jobs, if society is willing to let them make profits. Without profits, there's no reason for them to exist. The income taxes that are damaging corporations now are the reason that most of our manufacturing jobs, and indeed many other jobs, are in places like India.

Yes, corporations should be paying zero taxes in this country. Then we would have a resurgence in manufacturing and people would have jobs and money, and we wouldn't have 47% of the people not paying taxes because they are too poor.
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offmybrain Donating Member (26 posts) Send PM | Profile | Ignore Fri Jun-03-11 08:58 AM
Response to Reply #5
6. Well said
People don't understand that corporate taxes are paid for by the people.Lowering the corporate tax rate is the quickest & easiest way to create jobs.
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nkt35500 Donating Member (50 posts) Send PM | Profile | Ignore Sat Jun-04-11 10:45 PM
Response to Reply #5
7.  +1
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adds76355 Donating Member (50 posts) Send PM | Profile | Ignore Sun Jun-05-11 10:43 PM
Response to Reply #5
8. great post
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NC_Nurse Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-11-11 08:54 AM
Response to Original message
9. wow, the troll percentage is high in the GA forum. What a surprise.
not.
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groundloop Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-14-11 01:39 PM
Response to Reply #9
10. Next Tuesday is the Georgia Take a Troll to Lunch Day

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