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1 percent taxes
Topic Started: Feb 19 2012, 08:21 PM (1,672 Views)
Jim Miller
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telcoman
Feb 20 2012, 12:14 AM
Yes but one is on a corporation and one on an individual apples & oranges. Unless the individual is incorporated.
How is our tax system any business to foreigners?
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campingken
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Don't worry Jim. Medicare will buy you that donut cushion pillow for your scooter chair. Maybe then your piles won't make you so cranky...

PS, I know that you didn't teach this in your "business" class but many foreigners own shares of US company stock and pay taxes on the sale profits and/or dividend earnings.
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Thumper
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Miller wasn't the best business student. He didn't understand how a "service station" could remain in business merely by providing service. So, he took a gubmint job.
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Stoney
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Mountainrivers
Feb 19 2012, 09:35 PM
The simple solution to the double taxation problem, imo, is to require that all profits be distributed to the shareholders, which would then be taxed at the individuals tax rate. No taxes on the corporation.
I agree!
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Brewster
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Stoney
Feb 20 2012, 07:24 AM
Mountainrivers
Feb 19 2012, 09:35 PM
The simple solution to the double taxation problem, imo, is to require that all profits be distributed to the shareholders, which would then be taxed at the individuals tax rate. No taxes on the corporation.
I agree!
I don't know if I agree entirely, but I think it's worth considering...
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Corky52
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Then the question of retained profits for growth rears it ugly head.



:smoker:
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Chris
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To liberals it seems profits are just greed, evil. No need to generate wealth under socialism.
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Stoney
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I wouldn't consider money spent on the business as profits, but the cost of doing business.
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Mountainrivers
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Corky52
Feb 20 2012, 07:28 AM
Then the question of retained profits for growth rears it ugly head.



:smoker:
Couldn't the companies, if they needed to grow, which I assume means their prospects are good, either borrow the money for expansion or sell more stock?
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Stoney
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Why borrow? Just reinvest some of the earnings.
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