 tobyTroy Mcclure
join:2001-11-13
Seattle, WA
 ·OlyPen, Inc.
·CenturyLink
| NO tax deductions ever "Uncle Sam will pick up part of the tab courtesy of tax deductions"
Another reason why no company or person should be allowed tax deductions of any kind, ever.
Then we shall see what true taxes are being paid, until then we shall never know.
Just creates corruption and cheating on taxes. |
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Reviews:
·Windstream
| This is an inane comment. What AT&T deducts, DT adds as income. I don't know how the international aspect of that plays out, but in general one entity's deduction is another's income, so that income is only taxed once. Home mortgage interest deducted by individuals is income to the mortgage provider.
Perhaps you'd prefer the simplest tax form of all, in 2 steps:
1) How much do you make?
2) Send it all in. |
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openbox9Premium
join:2004-01-26
japan
kudos:2 | reply to toby
said by toby:Another reason why no company or person should be allowed tax deductions of any kind, ever. So you don't even claim your standard deduction? Without a total rewrite of our tax code, your wish simply isn't feasible. |
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 pnh102Reptiles Are Cuddly And PrettyPremium
join:2002-05-02
Mount Airy, MD | reply to toby
said by toby:Another reason why no company or person should be allowed tax deductions of any kind, ever. So you take no tax deductions at all, ever, for yourself, right?
And tax deductions are not the government paying for something, they are less money that is earned by someone that is going to the government. Saying anything else is a lie.
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"Net Neutrality" zealots - the people you can thank for your capped Internet service. |
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| reply to openbox9
said by openbox9:said by toby:Another reason why no company or person should be allowed tax deductions of any kind, ever. So you don't even claim your standard deduction? Without a total rewrite of our tax code, your wish simply isn't feasible. 10% flat tax. No deductions no credits, pay as you go. |
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pnh102Reptiles Are Cuddly And PrettyPremium
join:2002-05-02
Mount Airy, MD | said by fifty nine:10% flat tax. No deductions no credits, pay as you go. That's a good first step, but the main problem is that like the current income tax it exempts people who don't report their income or who work under the table. I'd rather go with the FairTax or some other kind of national retail non-VAT sales tax... best part is everyone will pay something.
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"Net Neutrality" zealots - the people you can thank for your capped Internet service. |
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 Matt3All noise, no signal.Premium
join:2003-07-20
Jamestown, NC
kudos:12 | reply to fifty nine
said by fifty nine:said by openbox9:said by toby:Another reason why no company or person should be allowed tax deductions of any kind, ever. So you don't even claim your standard deduction? Without a total rewrite of our tax code, your wish simply isn't feasible. 10% flat tax. No deductions no credits, pay as you go. Is this just the Federal Tax Rate, or are you including all Federally Mandated Taxes like FICA (Social Security) and Medicare? |
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tcopePremium
join:2003-05-07
Sandy, UT
kudos:2 | reply to LostInWoods
From AT&T? How could that be? Are you saying that they are trying to sell people on lies that are so obvious no one will believe them?
No... not AT&T.
It's simply AT&T trying to make it look like they are not the joke that they are.
I'm sure AT&T will start to tell people that the failed take over will actually help them and benefit all AT&T customers. |
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 elios
join:2005-11-15
Springfield, MO | reply to pnh102
said by pnh102:said by fifty nine:10% flat tax. No deductions no credits, pay as you go. That's a good first step, but the main problem is that like the current income tax it exempts people who don't report their income or who work under the table. I'd rather go with the FairTax or some other kind of national retail non-VAT sales tax... best part is everyone will pay something. issue with taxes like that is it makes every thing cost for for people on fixed incomes that were non-taxable in the first place
unless you plan to some how give these people more money in the first place |
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 tshirtPremium,MVM
join:2004-07-11
Snohomish, WA
kudos:3
 ·Comcast
| reply to fifty nine
said by fifty nine: 10% flat tax. No deductions no credits, pay as you go.
Make it around 20-25% and you could actually pay for what we have now and start to pay down (slowly) what we already spent.
let's allow 1 deduction, say $10-15k per person basic deduction, so a family of 4 gets the first $40-60 tax free, and flat rate on everything else
We would still be paying far less than the rest of the western world, and most would be far better off. |
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Reviews:
 ·T-Mobile US
·RoadRunner Cable
| reply to LostInWoods
I think it should be pointed out that even if the DT income is taxed, it won't be taxed by the United States, but rather by Germany. Since the profits clearly are being paid to DT not to T-Mobile U.S.
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If it ain't broke..... You didn't overclock it enough. |
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tobyTroy Mcclure
join:2001-11-13
Seattle, WA Reviews:
·OlyPen, Inc.
·CenturyLink
| reply to LostInWoods
said by LostInWoods:This is an inane comment. What AT&T deducts, DT adds as income. I don't know how the international aspect of that plays out, but in general one entity's deduction is another's income, so that income is only taxed once. Home mortgage interest deducted by individuals is income to the mortgage provider.
Perhaps you'd prefer the simplest tax form of all, in 2 steps:
1) How much do you make?
2) Send it all in.
I'm afraid you fell for it.
Here is an example.
You make $1, you pay 25% taxes, you pay 25 cent taxes.
You make $1, you pay 35% taxes minus a special offer of 10% bonus bargain tax break just for you, you pay 25 cents.
See the difference? There isn't any.
Think of that 2nd problem multiplied by a bzillion crooked special bargains.
Keep it simple, keep it fair. |
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Ulmo
join:2005-09-22
San Jose, CA | reply to toby
I think companies and corporations should never be taxed for anything, i.e., 0% tax rate. No rebates or deductions -- just no tax, period.
Only real people should be taxed, either through a nationwide sales tax that entirely replaces the personal income tax, or via other person-paid taxes.
After all, companies and corporations are just names and legal creations -- they themselves use no resources. They're packaging, only. It is their executives, shareholders, officers and employees that actually use the resources. Introducing taxation to a company merely makes lopsided complex inefficient and overburdened taxation applied very unequally to the affected people, and hinders proper market forces and corporate morals. E.g., it is more advantageous for a corporation to become behemothly large to reduce the number of "packages" (companies/corporations) involved to reduce the number of tax targets, in order to reduce the tax toll, but that largeness creates inefficiencies and immorality. (Those two things would also be caused by many small companies, but at least a non-taxed large number of companies doesn't create artificial immorality like the large companies, that themselves are being subsidized via taxation of companies.) |
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