Which group is getting more freedoms and liberties with less responsibilities: Corporations or people?
bob
2012/06/05 17:38:04
Top Opinion
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ajracestables1 2012/06/05 22:08:51We the people are getting less freedoms and liberties with more responsibilit...+3Thanks to the liberals we pay more for less and are forced to support the lazy that should be fending for themselves.





















Romney knows too well how that kind of system works, and I believe why he was chosen by republican base for Presidential candidate. I can't see how a man like Romney can benefit the majority of the country and it's workers.
Good point bringing up corporations, responsibility, and liberty. Giving corporations same liberties as the individual with their inherent lack of responsibility is a bad trend.
The latest jobs bill which was just passed will create no jobs but give offshore corporations,China and Russia the ability to flood our country with their crap. Thank you Harry Reid.
It is becoming more and more common also to incorporate the estates of deceased persons and to distribute shares in the corporation among the heirs of the estate so that a proper division of interest may be secured without a physical division or forced sale of the property. Small corporations for temporary purposes, also, are not uncommon. An individual may get up a corporation to publish a book or to carry through a piece of speculating in real estate.
I think we all have to admit though, the too large to fall corporations that have been propt up by our government lately, gets overwhelming for our society footing such large amounts of money and paying on that kind of bill.
Please check and I bet you will most likely find that it is a corporation.
It may be a single member of even a family held corporation or a stockholder owned corporation.
Not so American based corporations. If they earn a dollar in America they pay tax on that dollar to America. If they earn a dollar in England they pay tax on that dollar in England.....and again in the United States. In other words they are being double taxed on foreign income. So, putting all other considerations aside, why should a corporation doing business here and abroad desire to be based here in America? Fortunately there are other considerations. However, that is changing. Amaco loaned BP the money to buy them in the 90's in order to be domiciled in England and saved millions in taxes. Ever drink an Bub....
Not so American based corporations. If they earn a dollar in America they pay tax on that dollar to America. If they earn a dollar in England they pay tax on that dollar in England.....and again in the United States. In other words they are being double taxed on foreign income. So, putting all other considerations aside, why should a corporation doing business here and abroad desire to be based here in America? Fortunately there are other considerations. However, that is changing. Amaco loaned BP the money to buy them in the 90's in order to be domiciled in England and saved millions in taxes. Ever drink an Bub. They are no longer based in St Louis for the same reason. Dillard's Department stores is out of Belgium but used to be a domestic corporation.
Could others follow? Absolutely. As foreign earnings grow, what do you expect them to do. There is not room here to advance this complex subject beyond emotional reactions.
The tax laws are based in inequity and are for a reason since they came into existance nearly a hundred years ago.
Would we be better off budgetwise by letting the "Bush Tax Cts" expire? Of course and every time my son gets in trouble I bail him out. He just does it again knowing I will bail him out again. Where does it end? Remember we all, the people and corporations alike pay. Is it the same? No. We are not the same entities.
Remember, whether you are a an individual or a corporation you pay, in many states, over 50% of your income in taxes, federal, state and local; sales, income and property both real estate and personal.. Corporations can however, defer some of their taxes by paying dividends or as LLC's disburse earnings back to their investors. It just isn't that simple. Run business out of America and someone has to pay the taxes. It will fall to you and I.
Freedoms and responsibilities, Bob that's a whole book by itself. Thank you for presenting a very thought inspiring subject.
Why is it that Macy's has a big Red Star as their logo?
Thank you for your interesting and well thought out comment, Sir.
thanks for your post!
Bud