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Thread: Green Jobs

  1. #331
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    Re: Green Jobs

    Quote Originally Posted by slimslob View Post
    Here is a project for you. Research how many people each of those companies employed last year, what their total annul payroll was last year and the distribution of wage levels. Then let's see if you can determine roughly how much each of the companies paid in employer contributions to Social Security and Medicare. The rate is 6.2% for the first $147,000 for Social Security and 1.45% for Medicare with no upper limit. The employees pay the same amount.

    Now I know that BillyCarpenter as a business owner knows how to do those computation but can you.
    Nope

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    Re: Green Jobs

    Quote Originally Posted by copier addict View Post
    Something.
    I'm not sure what the corporate tax rate is, but at least that.
    How much do you think they should pay?
    The error that most of you liberals make when it comes to what corporations a individuals like Donald Trump pay in taxes is that you only look at what is paid with their income tax return. Very little of their income is from sources that take out withholding taxes. Much of their income is from stocks and bonds and as such is only on paper until such time as they are liquidated.To keep from having to make huge payment at reporting and to provide the government income flow the entire year that instead file quarterly estimated taxes. This can add up to millions of dollars over the year.

  3. #333
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    Re: Green Jobs

    Quote Originally Posted by slimslob View Post
    Here is a project for you. Research how many people each of those companies employed last year, what their total annul payroll was last year and the distribution of wage levels. Then let's see if you can determine roughly how much each of the companies paid in employer contributions to Social Security and Medicare. The rate is 6.2% for the first $147,000 for Social Security and 1.45% for Medicare with no upper limit. The employees pay the same amount.

    Now I know that BillyCarpenter as a business owner knows how to do those computation but can you.
    I know you feel you need to provide cover for these corporations. I just don't know why.
    Yes they employ people. So what, those people have to pay taxes.

  4. #334
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    Re: Green Jobs

    Quote Originally Posted by slimslob View Post
    The error that most of you liberals make when it comes to what corporations a individuals like Donald Trump pay in taxes is that you only look at what is paid with their income tax return. Very little of their income is from sources that take out withholding taxes. Much of their income is from stocks and bonds and as such is only on paper until such time as they are liquidated.To keep from having to make huge payment at reporting and to provide the government income flow the entire year that instead file quarterly estimated taxes. This can add up to millions of dollars over the year.
    You seem to be okay with billionaires hiding their money in loopholes.

  5. #335
    IT Manager 10,000+ Posts bsm2's Avatar
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    Re: Green Jobs

    Quote Originally Posted by slimslob View Post
    The error that most of you liberals make when it comes to what corporations a individuals like Donald Trump pay in taxes is that you only look at what is paid with their income tax return. Very little of their income is from sources that take out withholding taxes. Much of their income is from stocks and bonds and as such is only on paper until such time as they are liquidated.To keep from having to make huge payment at reporting and to provide the government income flow the entire year that instead file quarterly estimated taxes. This can add up to millions of dollars over the year.
    Your error is your simple logic currently The Trump organization is being investigated for tax FRAUD.
    Why because come tax time he devalued his property to pay a lower rate of tax. Than when he wanted to get a loan he would increase the value of his property to get more equitable loan terms or a higher loan by defrauding the lender of the true valve of his assets.

  6. #336
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  7. #337
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    Re: Green Jobs

    Quote Originally Posted by bsm2 View Post
    Nope
    We knew that.

    Sent from my SM-G990U using Tapatalk

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    Re: Green Jobs

    Quote Originally Posted by copier addict View Post
    You seem to be okay with billionaires hiding their money in loopholes.
    Every year we keep hearing about loopholes in the tax system. After all these years why have they not fixed the loopholes? Its because the politicians use the loopholes themselves and they dont want them to go away. And as long as the loopholes are there it is not against the law to use them.

  10. #340
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    Re: Green Jobs

    Quote Originally Posted by copier addict View Post
    You seem to be okay with billionaires hiding their money in loopholes.
    Did I say anything about loopholes? NO!!! Most of the "loopholes" that used to be used by "millionaires" were eliminated by the Reagan tax cut bill. That is one of the reason why it increased tax revenues. Since then the liberal Democrats have put a lot of them that their donors wanted to use back in the tax code. What I posted about was the alternate method of making regular tax payments when you have income from things other than wages, salaries and tips. Whether you like it or not, rich people do pay taxes. In fact they pay a higher percentage of the cost of government than the services they receive from the government.

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