The Briefing Room
General Category => Economy/Business => Topic started by: To-Whose-Benefit? on October 17, 2016, 10:57:44 pm
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cnsnews
By Daniel Mitchell | October 17, 2016
http://cnsnews.com/commentary/daniel-mitchell/americas-tax-system-ranks-outside-top-30-global-competitiveness-report
And the Dems can't stop squawking about Making The Rich and Corporations Pay Their Fair Share.
It's no wonder we're $20 Trillion in debt with 95 Million out of work here,
http://wulfanson.blogspot.com
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"the oppression arising from taxation, is not from the amount but, from the mode -- a thorough acquaintance with the condition of the people, is necessary to a just distribution of taxes. The whole wisdom of the science of Government, with respect to taxation, consists in selecting the mode of collection which will best accommodate to the convenience of the people."
Patrick Henry, Virginia Ratifying Convention June 12, 1788
“The greatest tool Communism has in our toolbox is the progressive income tax.”
Karl Marx
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No politician ever will win election if he or she promised government goodies by borrowing and passing the bill down to the next generation
But by telling voters their rich neighbor will pay, that sells.
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No politician ever will win election if he or she promised government goodies by borrowing and passing the bill down to the next generation
But by telling voters their rich neighbor will pay, that sells.
"Don't tax you, don't tax me, tax that guy behind the tree."
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(http://cnsnews.com/s3/files/styles/content_100p/s3/2016_international_tax_competitiveness_index_ratings_chart_courtesy_of_daniel_mitchells_international_liberty_blog.jpg?itok=8v4XAKt-)
If you look at how the U.S. ranks in the various categories, we have uniformly poor numbers for everything other than “Consumption Taxes.” So let’s be very thankful that the United States doesn’t have a value-added tax (VAT). If we did, even France would probably beat us in the rankings (I hope Rand Paul and Ted Cruz are paying attention to this point).
And if you wonder why some nations with higher top tax rates rank above the U.S. in the “Individual Taxes” category, keep in mind that there are lots of variables for each category. And the U.S. does poorly in many of them, such as the extent to which there is double taxation of dividends and capital gains.
(http://cnsnews.com/s3/files/styles/content_100p/s3/table_2._changes_from_last_year_chart_courtesy_of_daniel_mitchells_international_liberty_blog.jpg?itok=EwGFAp26)
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If you look at how the U.S. ranks in the various categories, we have uniformly poor numbers for everything other than “Consumption Taxes.” So let’s be very thankful that the United States doesn’t have a value-added tax (VAT). If we did, even France would probably beat us in the rankings (I hope Rand Paul and Ted Cruz are paying attention to this point).
Not wishing to pour cold water on anything but the United States DOES have a a functional VAT although we don't call it that! The corporate income tax is functionally a subtraction method VAT in everything but name.
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1953-1962 Corvette: Retail list prices
https://en.wikipedia.org/wiki/Chevrolet_Corvette_(C1)
Year Production Base Price Notes
1953 300 $3,498 First year production starts on June 30; polo white with red interior and black top is only color combination; Options standard until 1955 for the car were interior door handles; "clip in" side curtains were a substitute for roll-up windows
1954 3,640 $2,774 Production moves to St. Louis; blue, red, and black are added; beige top, longer exhaust pipes
1955 700 $2,774 Both straight-6 and 265ci V8 engines produced; 3-speed manual transmission added late in the model year
1956 3,467 $3,120 New body with roll-up windows; V8-only; 3-speed manual transmission becomes standard equipment and Powerglide moved to option list
1957 6,339 $3,176 283ci V8; Optional 4-speed manual and fuel injection added
1958 9,168 $3,591 Quad-headlight body and new interior. Fake-louvers on hood and chrome strips on trunk lid. Number of teeth in grille reduced from thirteen to nine.
1959 9,670 $3,875 First black interior and dash storage bin; only year with a turquoise top. Louvres and chrome strips from '58 removed.
1960 10,261 $3,872 Very minor changes to the interior: red and blue bars on the dash logo, vertical stitching on seats
1961 10,939 $3,934 New rear styling, bumpers, and round taillights. New fine-mesh grill.
1962 14,531 $4,038 327ci V8 engine; last year with a trunk until 1998 and last year with exposed head lights until 2005. New black grill with chrome surround, chrome rocker panel moldings.
2017 Corvette Retail Prices
http://www.chevrolet.com/corvette-sports-cars.html
starting MSRP
$55,460
This, in part, is what comes of making Corporations "Pay Their Fair Share"
Why is it so difficult for the economic illiterates to understand that Corporations do not pay taxes/
Government edicts affect every player/manufacturer on the board.
And they Pass Through those taxes to the consumer.
If they didn't, they'd have to close up shop and go out of business as their investors pulled out to invest Elsewhere.
from $3,000 to $55,000 in 63 years.
Which also means an almost 20 fold Decrease in the buying power of whatever money the working stiff broke their back to earn and save through inflation/currency devaluation.
The Corporate income tax is a consumption tax.
Want jobs back in the USA? Repeal it. All of it.
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1953-1962 Corvette: Retail list prices
https://en.wikipedia.org/wiki/Chevrolet_Corvette_(C1)
Year Production Base Price Notes
1953 300 $3,498 First year production starts on June 30; polo white with red interior and black top is only color combination; Options standard until 1955 for the car were interior door handles; "clip in" side curtains were a substitute for roll-up windows
1954 3,640 $2,774 Production moves to St. Louis; blue, red, and black are added; beige top, longer exhaust pipes
1955 700 $2,774 Both straight-6 and 265ci V8 engines produced; 3-speed manual transmission added late in the model year
1956 3,467 $3,120 New body with roll-up windows; V8-only; 3-speed manual transmission becomes standard equipment and Powerglide moved to option list
1957 6,339 $3,176 283ci V8; Optional 4-speed manual and fuel injection added
1958 9,168 $3,591 Quad-headlight body and new interior. Fake-louvers on hood and chrome strips on trunk lid. Number of teeth in grille reduced from thirteen to nine.
1959 9,670 $3,875 First black interior and dash storage bin; only year with a turquoise top. Louvres and chrome strips from '58 removed.
1960 10,261 $3,872 Very minor changes to the interior: red and blue bars on the dash logo, vertical stitching on seats
1961 10,939 $3,934 New rear styling, bumpers, and round taillights. New fine-mesh grill.
1962 14,531 $4,038 327ci V8 engine; last year with a trunk until 1998 and last year with exposed head lights until 2005. New black grill with chrome surround, chrome rocker panel moldings.
2017 Corvette Retail Prices
http://www.chevrolet.com/corvette-sports-cars.html
starting MSRP
$55,460
This, in part, is what comes of making Corporations "Pay Their Fair Share"
Why is it so difficult for the economic illiterates to understand that Corporations do not pay taxes/
Government edicts affect every player/manufacturer on the board.
And they Pass Through those taxes to the consumer.
If they didn't, they'd have to close up shop and go out of business as their investors pulled out to invest Elsewhere.
from $3,000 to $55,000 in 63 years.
Which also means an almost 20 fold Decrease in the buying power of whatever money the working stiff broke their back to earn and save through inflation/currency devaluation.
The Corporate income tax is a consumption tax.
Want jobs back in the USA? Repeal it. All of it.
How about we just get rid of the entire Marxist income tax code and be done with it!
http://fairtax.org