dslreports logo
 
    All Forums Hot Topics Gallery
spc
Search similar:


uniqs
1602
EPS4
join:2008-02-13
Hingham, MA

EPS4

Member

This Google talk...

This reminds me of the people claiming the oil companies needed a "windfall profits tax"- they're making a lot of money, they need to give us some!
Austinloop
join:2001-08-19
Austin, TX

1 recommendation

Austinloop

Member

Re: This Google talk...

I never cease to be amazed by those calling for a wind fall profits tax. The people calling for the tax fail to realize that the company will pass on the tax to the customer. That is just the way it works. Tax their profits and you will pay the tax on the profit.
patcat88
join:2002-04-05
Jamaica, NY

patcat88

Member

Re: This Google talk...

said by Austinloop:

I never cease to be amazed by those calling for a wind fall profits tax. The people calling for the tax fail to realize that the company will pass on the tax to the customer. That is just the way it works. Tax their profits and you will pay the tax on the profit.
Then tax their dividends Thats pure profit.
Austinloop
join:2001-08-19
Austin, TX

Austinloop

Member

Re: This Google talk...

Last time I checked, i.e. when I did my last year's income tax, dividends are taxed.
patcat88
join:2002-04-05
Jamaica, NY

patcat88

Member

Re: This Google talk...

said by Austinloop:

Last time I checked, i.e. when I did my last year's income tax, dividends are taxed.
Then tax share trades, lets do $100 of tax per trade per share.
Austinloop
join:2001-08-19
Austin, TX

Austinloop

Member

Re: This Google talk...

Are you planning on applying this only to energy stocks or every stock transaction.

Do you not understand that this is coming out of the individual's money, not the company's?
patcat88
join:2002-04-05
Jamaica, NY

patcat88

Member

Re: This Google talk...

said by Austinloop:

Are you planning on applying this only to energy stocks or every stock transaction.

Do you not understand that this is coming out of the individual's money, not the company's?
I think you ment investment banker's money. Individuals don't trade on a daily basis.
Austinloop
join:2001-08-19
Austin, TX

Austinloop

Member

Re: This Google talk...

Oh, really, where do you get that idea? Well, guess what, when I buy shares I am going to get taxed also. You really don't understand that everything gets passed down to end consumer.

I am at a loss as to why taxing shares of a company would cause anything positive with respect to company profits. But what would I know, I only have an MBA. You are aware that most stock transactions are between stock owners and not the buyer and the company, except in the case of IPO's, aren't you? So you want to penalize investors for some redistribute the wealth scheme that didn't work the last time?
EPS4
join:2008-02-13
Hingham, MA

EPS4 to patcat88

Member

to patcat88
Most oil company shares aren't even worth $100...