Is it time to lower the Corporate Tax Rate?

Discussion in 'Free Speech Alley' started by LaSalleAve, Mar 29, 2011.

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  1. Rex_B

    Rex_B Geaux Time

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    Rid subsidies on everything.
     
    Rex_B, Mar 31, 2011
    #41
  2. LSUsupaFan

    LSUsupaFan Founding Member

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    No. I am correctly stating that the items you call subsidies are what every other business in the world calls cost of business deductions. The fact that a bill called the "End Big Oil Tax Subsidies Act of 2011" which is based on a very poor understanding of oil and gas accounting was filed does not indicate that congress calls these deductions subsidies.


    The rub, of course, is hey aren't subsidized. They are deducting costs of business.
     
    LSUsupaFan, Mar 31, 2011
    #42
  3. red55

    red55 curmudgeon Staff Member

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    Cute euphemism. You act like these oil company special interest tax loopholes-- which are real US laws, dozens of them--are routine business expenses. It's absurd.

    Taxes that they avoid paying are carried by the rest of us.
     
    red55, Mar 31, 2011
    #43
  4. Rex_B

    Rex_B Geaux Time

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    You mean by the top 1% ;)
     
    Rex_B, Mar 31, 2011
    #44
  5. red55

    red55 curmudgeon Staff Member

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    Them, too!
     
    red55, Mar 31, 2011
    #45
  6. LSUsupaFan

    LSUsupaFan Founding Member

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    Cute and accurate. What is absurd is you call them subsidies. A deduction for the amount a tax you pay to get a lease is cost of business deduction.
     
    LSUsupaFan, Mar 31, 2011
    #46
  7. red55

    red55 curmudgeon Staff Member

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    To an accountant maybe. Everybody knows what a subsidy is, especially the people who create them. You are trying to say that a subsidy is no longer a subsidy if a company actually uses it as a tax deduction. Get real.
     
    red55, Apr 1, 2011
    #47
  8. LSUsupaFan

    LSUsupaFan Founding Member

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    No red, what you think and what everybody knows are often times very far apart.

    No. For the third time... I am saying the things you keep referring to as subsidies are just normal business deductions.

    Subsidies and actual and intangible costs of doing business are not the same thing. You should learn the difference.
     
    LSUsupaFan, Apr 1, 2011
    #48
  9. SabanFan

    SabanFan The voice of reason

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    If Red's not getting it, it must be bad.
     
    SabanFan, Apr 1, 2011
    #49
  10. red55

    red55 curmudgeon Staff Member

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    Nothing to add to the discussion at all, eh?
     
    red55, Apr 1, 2011
    #50
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