Thanks for the bail out and tax breaks

[ragman]

ds, I have no argument with what you are saying.  This latest discussion has been on the Repatriation of cash from abroad which would be taxed at 35% if done in a normal fashion. I argue that if this cash was allowed to re-enter the USA at a lower rate that jobs would be created.  It could be argued that this cash should not be taxed at all.  
What you are talking about on how dubious deductions and exemptions are created by the overly complex tax laws.  I would say that the complexities are ridiculous for business or personal taxes.  

[clover]

You're right ragman.  Let them just bring back the trillion dollars THEY SHOULD HAVE BEEN TAXED ON, tax free.  They're good people who will do the right thing and use it to create employment in America.  You could call it TARP II.

Or you could let them bring it back tax free to be used for capital improvements that create verifiable jobs.  My bet is if there are conditions, the thievin' pigs will keep it off shore and buy Bugatti's to drive around Shanghai in. 

[deadserious]

What you are talking about on how dubious deductions and exemptions are created by the overly complex tax laws.  

Well, what I'm really saying is that the income tax, be it corporate or personal, is a flawed system that no matter the rate will always stifle progress by punishing success. There are better ways to tax that won't punish the producers.

[ragman]

See that is the difference between a Liberal and a Conservative.  I don't care what they do with their money, they can buy a car, a yacht or what ever.  A Liberal on the other hand would like to set all types of conditions on their being in business.  What they can manufacture and by who. (unions preferred, then minorities by quoters) What they can charge for their product. What they can pay their managers, what they can pay their employees (especially if different genders are involved).  How much notice they have to give their employees before a layoff or plant closing.  A gazillion government regulations on every part of their business, some of which the government doesn't even understand. Permits and Licenses that in themselves have a mountain of regulation. But fear not if they misstep, which they will, (be impossible not to) there are many Attorney Generals and a slew of lawyers to punish them. (Money no object on prosecuting them)  

Why don't Liberals just start Nationalizing American Business.  I'm sure they could do a better job and everyone would be better off....NOT   Wouldn't have to worry about profits not being taxed because there wouldn't be any but all the layabouts would have jobs as long as they support the correct candidate.  

How come they could care less what a Hollywood actor makes per year but have a keen interest in anyone who risks his capital, works around the clock and finds success.  I just don't understand it.  

[clover]

How is it that anyone who doesn't prescribe to the mantra of the ultra right are all categorized as liberals?
 I'm still in business...make a shit load of money and have been successful in off shore investments.  I reported my investments off shore, and paid the taxes.  I've paid personal income tax for over 40 years.  AND I'M THE ASSHOLE.

Looky here.....these punks built subsidiaries off shore, charged the parent company in America a shit load (when asked by the CFO) to avoid US taxes and now want to bring back the stolen tax money tax free.   What part of that don't you understand?

Big business like O J Simpson have one thing in common.......they think that with a lot of money and a good attorney they don't have to obey the laws regular people obey.  And guys like you lick their boots like they're gods, because they have lots of money.

I hate the unions and don't give a shit about all the rest of that "platform" mantra you regurgitate.

These guys didn't pay their taxes and now they want a tax break......and you boot lickers are willing to give it to them without strings.  
It's OK to break the law......if you have lots and lots of money.  

[ragman]

Mike are you alright?   

.....these punks.....don't have to obey the laws....It's OK to break the law....

I must have missed something in the business news that I read daily    Where did you read about these criminal investigations? Who is under investigation or is this just your real attitude toward successful entrepreneurs?

One last question and I done with this subject.  We have unemployment up around 10% and forcasted to stay abnormally high for some time.    If favorable treatment is not given then there is no financial reason to bring money back and put it to work in the USA.  Would it or would it not be better to repatriate this cash back to the USA to help employ Americans or is your solution to extend unemployment benefits indefinitely? 

Two more weeks and I'll be walking my dog along the beach.  I'll have to leave you to solve the world problems but you can come down to SP and I'll give you advice over a few beers.    Oh, I guess I'll still be able to find time to play with you on line but I'm hoping to mellow out after a while. 

[clover]

With the exception of the Schering-Plough case, no authority has accused Merck or Pfizer or Lilly of paying less tax than they should have. While corporations have no obligation to pay any more than the legal minimum, “the question is what should that minimum be?” said Kleinbard, a former corporate tax attorney at Cleary Gottlieb Steen & Hamilton LLP and former chief of staff at the congressional Joint Committee on Taxation.

Looks like there is one that has been accused.  But who cares.
You're right ragman, I'm just jealous that I willingly pay my taxes and others scheme to keep from paying theirs.  The difference I think is that I have a sense of what I am and where I'm from and am willing to pay my part to the nation that's been so good for many of us.  I guess I've had the wrong attitude all these years.  I'm sure I can concoct a scheme that will eliminate Schedule B from my tax return this year....and if all goes well with the new Congress some time in the very near future I'll be able to bring my money back to the States, put it in my low or no registration freecar and drive it down my tax free roads where I can use it to create jobs.

When I finish my vacation home this spring in the Sunshine State I'll head back down to San Pedro for my 24th trip.I know SP so well I could drive it with my eyes closed and tell you where we were at by the smells   I must admit, I liked the place better before they did the streets in interlocking pavers.  As far as meeting and having a few beers....that's a given.

[clover]

This is the way to create jobs.....forget the corporation reparation.

http://www.rense.com/general78/d32ct.htm

[ragman]

AH! Illegal Immigration Something we can agree on.    

This is the way to create jobs.....forget the corporation reparation.

http://www.rense.com/general78/d32ct.htm