-----------------------------------------------------
It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
-----------------------------------------------------
To donate via Stripe, click here.
-----------------------------------------------------
Use promo code ILMF2, and save up to 66% on all MyPillow purchases. (The Burning Platform benefits when you use this promo code.)
It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
-----------------------------------------------------
To donate via Stripe, click here.
-----------------------------------------------------
Use promo code ILMF2, and save up to 66% on all MyPillow purchases. (The Burning Platform benefits when you use this promo code.)
Click to visit the TBP Store for Great TBP Merchandise
It would appear that the only way to not get screwed is throw the tea overboard. This of coarse will lead to high stakes poker on the working mans part initially.
Time to go John Galt…what the government doesnt know about, it cant tax, take, or steal. YMMV.
https://www.zerohedge.com/markets/extraordinary-oddity-half-all-manhattans-new-luxury-condos-sit-unsold
This is true in many places Luxury overbuilt and not enough buyers
I guess someone needs to explain this to me since the issue seems to be that of Corporations not being taxed. Corporations have never been taxed and they never will be. The reason is that they work by a set of books and because they have your and my 401K or IRA or Pension plan that needs to be funded as well as the paycheck that we get, they have to pass ANY tax on to those that purchase the products/services they supply. If they do not do that, they will cease to exist and the money mentioned above will disappear as well. It is the same issue with “minimum wage”. Make the number anything you wish but the shift in cost will ALWAYS be passed on to those receiving goods or services. The real “Money Pit” is the Government(s) and their respective agencies since they produce NOTHING but are paid, I believe, approx. 25% more than the “Private” sector. The “Bloat” is in the Governmental agencies and should we wish to get control of the “Sodomy” we are experiencing, cutting that part of the “money drain” will be the only place that really makes a difference.
Yes. It’s a point that is never made enough: businesses don’t pay taxes. They really can’t for the reasons you’ve explained. But it makes them a handy fall guy for mouth-breathers that vote for free shit and think someone else should pay for it.
Henry Ford “got it right” when he CREATED a market for his cars by making them inexpensive while paying his workforce a decent wage. He realized that a well-paid workforce would be able to buy his products, among other things. It could be safely argued that Ford, CREATED the middle class. Automobiles, once “playthings for the rich” were made affordable for the “ordinary common man”.
Henry Ford KNEW who the banksters and vulture capitalists were and made no bones about calling them out and naming them, Father Charles Coughlin did the same thing and was ostracized by the Catholic Church for pointing out the TRUTH about our vulture capitalist society.
“Vulture capitalism” can be defined as the owners of businesses and industries that collude with each other, also in collusion with the “money types” (banksters) depressing wages solely to increase their stockholder “profits” at the top while impoverishing those who actually WORK, producing their products.
All one has to do is look at today’s CEOs, even in failing companies, being paid exorbitant salaries, along with stock options and other “perks” while pleading poverty, pushing down wages for their employees.
Today’s capitalist “mantra” is that labor costs must be as cheap as possible while the “value” (profit) to the stockholder must be as great as possible. Sacrificing labor on the altar of “maximum profits” NEVER works in the long term.
Of course, in the short term, with cheap Chinese goods flooding the market, the economy looks, good, but without CONSUMERS who hold jobs that pay reasonably well, all bets are off. There needs to be a balance between profits and labor.
Presently, labor is looked upon as a “necessary evil” to be minimized at all costs. The problem arises-without labor there are no consumers. As I previously stated, a “balance” must be maintained. Labor is not evil, but a necessary component of capitalism.
Pre-WW2 Germany’s economic successes and the rapid rise of the German economy was predicated on labor being assigned “value”and monetized-something that is (and has been) missing in capitalist societies today.
If labor costs need to be trimmed to assure “profit”, something is seriously wrong. In fact, in the well-paid American automobile industry, labor costs account only for approximately 10% of total costs.
Offshoring production results in consumers (customers) being “lost”.
As to “tariffs”, the American country ran on tariffs from its inception until 1913, when the “income tax” and “federal reserve” was established.
The American economy is being propped up by the “social safety net” which obscures the TRUE economic situation in the U S .
The group that bothers me more are the directors of these corporations. Take the time to read the annual report and take notice of the compensation of the directors. Now, look at their bio’s (also in the annual report) and you will see most of them sitting on many other boards. These guys are being paid a fortune and it is a closed society.
And, remind me, they are NOT paying any tax? The Corporation doesn’t pay and never will but I need to understand how the CEOs (I do not believe they are worth what many seem to be paid) get out of the Income Tax.
You are correct in corporations not paying any taxes, they are just the collector of those taxes from their customers.
Stock options are the income tax avoider for executives and directors. I believe they are taxed at the lower capital gains rate, rather than considered as “income”. Neither executives nor directors are worth what they are being paid and they all seem to have these marvelous golden parachutes they deploy when the business does not succeed and they are replaced, only to go to another corporation.
Don’t forget the Henry Ford though the Fascist system and Hitler was the way to go.
It turns out that Henry Ford was right about a lot of things…
I had to move from Georgia to Florida because I couldn’t afford the 10% State Income Tax and property tax double what I’m paying now; and a much lower income, job security, benefits etc. It was about $3,000 per year difference but if I had stayed, I could not have afforded my tractor, my orchard trees, my fences, my cows, my barns, fertilizer and seeds, trailers, etc. I would still be a poor SOB paying high taxes (so the FSA could grow in Atlanta etc and turn Georgia Blue in 2020).
Well Robert you either make too much money, or you are not old enough. I moved to NE Georgia when I retired and pay no state nor federal income tax. Even my veteran status gives me breaks on auto taxes. I was a long time Florida resident and could not wait to get out of that state. Granted that Atlanta is the tail that wags the dog, but the rural mountains have real people. I’m betting that 2020 will be a repeat of 2016.
Watch the land sharks and armourdildos down there bubba
We all know government and industry tossed middle class working people overboard 40 plus years ago . The only reason government and those in its employ still do well is thanks to debt piled up to infinity . Sadly those that will ultimately be handed the bill are tapped out .
However in the fabled words of King Begonia “ He that has shall have less and he with nothing will have it taken from him”!
It will get ugly and there will be blood !
How ugly and how bloody is still unknown !
Funny how corporations have all the legal rights of “humans” but none of the responsibilities….Maybe we should all incorporate!
Put limits on the life of a corporation. It use to be limited at one time and then it got changed to infinity.
Short the single family housing market and long gold Yourll thank me later
Like most things nowadays this is not a true depiction. I assume the point it to show the evil corporations skating on their “fair” share. While there may be some truth to that, what is presented is incomplete. Again without source documentation you can’t be sure, but the payroll tax, is likely SS and Medicare. Is the corporate contribution to that included in that portion? If so, right there it would shift half that burden down to the Corp portion if split out by who contributed. Obviously, prior to almost the 50’s health care costs were not included anywhere and that is one of the largest growing costs. Healthcare costs are a huge expense for most corporations and where most Americans get their coverage until retirement. This expense lowers their FIT liability. Add that cost back in and corp share goes up appreciably. Gives us complete facts so we can make our own opinions. Bottom line no matter who is paying it, how much is wasted?