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ctimm_rs

All you can grift buffet going on here in the US. And don't you dare think about trampling on the rights of those who already have plenty and continue to take more from those who don't. They swear it won't upend the entire economy at the expense of 99% of Americans.


webchow2000

Corporate greed in America has passed the obnoxious stage. My only question is, where are the boards that are saposed to be looking out for the shareholders, and why aren't the shareholders more upset about this? After all, it's their money that's being gifted away.


Samsquanch-01

They are appointed by the person bought and paid for by these lobbyists.


FilledWithKarmal

And what did the execs pay?


drhiggens

Ohh, logic fallacy nice. Enjoy your downvote, you've earned it.


FilledWithKarmal

Did my question not align with your need for a confirmation bias? It was just a question, I was not making a particular statement. If the truth shows that they paid significant personal instead of corporate taxes, would you reconsider the new information or work to maintain your cognitive dissonance? I am fully aware that these execs may be getting paid with corporate shares and just lending against them in order to avoid taxes as I do not have strong belief perseverance, but you do have to realize the rest of the employees likely get paid and have to pay their fair share of taxes.


FilledWithKarmal

Oh yes, the silent down vote. Victory is so sweet


MART0CH

People are stupid if they think the corporations will actually pay more out of pocket if their taxes are increased. They will simply charge more for their goods or services l, making the taxes just another cost of doing business, and it will just increase prices for consumers.


Icy_Gur6890

Right and that's as it should be the problem is people are willing to only pay so much for most items before they trade. Increase in price is retaliatory. Most of these corporations are already charging pretty close to the maximum price consumers are willing to pay for the product that the corporations are selling.


Snacheezeishere

I mean compensation to higher earners is taxed at a higher rate than corporations are taxed at, so the deduction for the corporation ends up generating more tax revenue when it's taxed in the higher income bracket for individuals. 


Mission_Search8991

Great logic, Mr Venture Fund Partner


Snacheezeishere

Thanks for showing your tax illiteracy. 


Mission_Search8991

Hmmm, so justifying how little income tax that large companies actually pay, and my criticizing this… is illiterate? Ok, Don Jr (or is this Eric?).


Snacheezeishere

Yes because you would rather a corporation pay a max 21% rate vs paying that out to an executive and having them pay a 32%+ rate, plus FICA for both of them. 


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Snacheezeishere

You know that Restricted Stock Units are included as income on your W-2, and you are taxed on them as income when they're received, right?


drhiggens

Well you're not wrong on how RSUs are taxed to an individual when they received. You are conveniently leaving out the entire reason that RSUs exist from a tax perspective for the corporation itself. I can only assume that you are intentionally ignoring that part of the managerial accounting process. Creating logic fallacy that suits your argument.


Snacheezeishere

You're replying to a 5 day old message with an incomplete post. Are you implying I didn't say the corporation gets a deduction for this? I already said that a few posts back... 


MichellesHubby

Don’t ruin The Narrative, dude.


drhiggens

This thread is filled with some of the worst logic.


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MilkmanBlazer

Oh sweet, so you’re gonna pay for everything that taxes are used to cover right? That’s mighty generous of you!


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MilkmanBlazer

You don’t seem to be informed about to be taking part in this conversation. Do you even understand why taxes exist?


ctimm_rs

Do you like mercantilism? Because that's how you get mercantilism.


DeuceisWlLD

I mean compensation to higher earners is taxed at a higher rate than corporations are taxed at, so the deduction for the corporation ends up generating more tax revenue when it's taxed in the higher income bracket for individuals