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  • Do corporations pay tax? I know in theory and on paper that corps are responsible for a certain percentage of their income as taxes. But don't corporations have that already figured in as a cost of doing business?
    What I'm saying is, doesn't the consumer ultimately pay all taxes?
    The consumer pays for the cost of a new vehicle. The cost of that vehicle includes parts, labor, shipping, advertising, sales, showrooms, TAXES, etc. The corporation may show that they paid a certain dollar amount, but that dollar came out of the consumer's pocket.
    If these tax cuts on businesses come through, the money freed up by the tax cuts could and should benefit the consumer, the economy, and the businesses all.
    BE DIFFERENT AND MAKE A DIFFERENCE! <

    Exodus 29:18
    Then burn the entire ram on the altar. It is a burnt offering to the LORD, a pleasing aroma, a food offering presented to the LORD. God loves BBQ!

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    • preacher,
      I would look at it the other way, businesses pay all taxes. They risk capital and effort to create a product and service. Employ people to work. The business pays taxes on the employees income, the employees spend their money other products which include sales taxes from the wages paid to them by their employer. Then if the company is able to squeeze out a profit, the fine federal and state governments come along and take a confiscatory share. The governments did not risk any capital or effort; did not stress over if receivables were going to be enough to meet payroll this month. So in the end it is commerce that pays taxes not an individual or a company. If there is no commerce then there is no revenue generated for anybody.

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      • Well, I was waiting for the first update of the new year and finally got it this morning. I got 17.65% for the year 2017, most of it coming in the second half of the year. I can live with that.
        BE DIFFERENT AND MAKE A DIFFERENCE! <

        Exodus 29:18
        Then burn the entire ram on the altar. It is a burnt offering to the LORD, a pleasing aroma, a food offering presented to the LORD. God loves BBQ!

        Comment


        • Dang Preach, that is an amazing return! I had a solid 13% increase in my net worth in 2017 so I am not complaining. Thanks President Trump!
          Message sent from your mom's bedroom during pillow talk

          Buck Henry
          Simple Goat Herder
          Former NGTO President
          Hall of Fame Member

          Comment


          • Anyone care to share their stars for the year? Most of my $ is in funds, but identifying a few stars is always rewarding.

            For 2017
            Dollar Tree +47%
            Walmart +46%

            The one that got away Blackberry. I watched and watched and never pulled the trigger. They have moved to a pure software play and could have a bright future.

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            • 401k invested in T.Rowe Price small cap fund. 80% invested in small company stocks.
              BE DIFFERENT AND MAKE A DIFFERENCE! <

              Exodus 29:18
              Then burn the entire ram on the altar. It is a burnt offering to the LORD, a pleasing aroma, a food offering presented to the LORD. God loves BBQ!

              Comment


              • BTW bitcoin hit about 19.5K mid december a few days after my prediction. Nows a good time to get in. Its not that volatile. If I had a few shekels stashed away...I would keep an eye out on cryptoRubles. Sanction proof.
                We are the music-makers,
                And we are the dreamers of dreams,
                Wandering by lone sea-breakers
                And sitting by desolate streams;
                World losers and world forsakers,
                On whom the pale moon gleams.

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                • Corporations/Business Taxes

                  Any business or corporation today paying the full 39% (or whatever it is) tax rate needs to immediately fire their CFO. The tax code is very complex and thousands of pages to deal with all the exceptions, exemptions, and "free" government money they utilize. Well managed companies pay more like an actual 8% to 12% tax rate and then some of that is offset by state tax credits.

                  If I wrote the tax code it would read like this: For every $100 in profit send Uncle Sam $8. There would no longer be exemptions, deductions or tax-exempt status, not even for churches. Collection plate has $100 in it? Set aside $8 for Uncle Sam. Make a killing in the stock market or real estate? No capital gains .... make $100 in profit, sent aside $8 for Sam.

                  However. The only arm of the government bigger than the US Military is the IRS. You think that fat cow is going away anytime soon?

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                  • The Dow has hit 25,000 for the first time in history. Also of note, only 23 days since topping 24,000, the shortest time span between 1000 point gains.
                    Yíall hang on, we going for a ride!
                    BE DIFFERENT AND MAKE A DIFFERENCE! <

                    Exodus 29:18
                    Then burn the entire ram on the altar. It is a burnt offering to the LORD, a pleasing aroma, a food offering presented to the LORD. God loves BBQ!

                    Comment


                    • Yippy - Skippy

                      Yippy - Skippy about the Dow because you have to ask yourself what does this mean to me? Did my real income go up, is my employer investing in employee education, new product development, an enhanced profit sharing plan, or research and development? Or are they taking their stock options, buying back company stock or just building giant investment accounts?

                      Point being for the working middle class the stock market bears no reflection on your income and lifestyle.

                      And never, ever forget Newton's third law.

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                      • What this means to me is, when the market goes up, my balance goes up. If you count this as "real income" or not is up to you. It's money in the bank to me.
                        BE DIFFERENT AND MAKE A DIFFERENCE! <

                        Exodus 29:18
                        Then burn the entire ram on the altar. It is a burnt offering to the LORD, a pleasing aroma, a food offering presented to the LORD. God loves BBQ!

                        Comment


                        • Itís not real until itís realized.


                          Sent from my iPhone using Tapatalk Pro
                          "What's his offense?"
                          "Groping for trouts in a peculiar river."
                          ― William Shakespeare, Measure for Measure

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                          • Originally posted by JOHNKIES View Post
                            Yippy - Skippy about the Dow because you have to ask yourself what does this mean to me? Did my real income go up, is my employer investing in employee education, new product development, an enhanced profit sharing plan, or research and development? Or are they taking their stock options, buying back company stock or just building giant investment accounts?

                            Point being for the working middle class the stock market bears no reflection on your income and lifestyle.
                            It probably does if you are retired, and worked in the private sector, where they long ago figured out that the ponzi scheme that is called a pension is unsustainable without a constant inflow of someone else'e money.

                            I am sure that if the markets and the economy performed like they have over the last year from 2009-2016, you would have made the same statements, right? Riiiigggghhhhtttt.

                            FM
                            The tug is the drug!

                            "Grow a pear!" - Groundpounder

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                            • The Statement

                              "Riiiigggghhht": Yes I would have and did state the exact same thing during the last administration, the one before that and the one before that. The stock markets are a good gauge of market fund managers relative optimism or pessimism on the pending fall or rise in prices but that's all they really are. Ever hear gamblers talk about how much money they lost on their last trip to Vegas? Same with most who manage their own funds. If you have funds invested in the stock market and the market goes up, your account will show an increase. And the next "correction" will take it all back.

                              Do I own stocks? Yes I do and I select mine based on the value of the stock relative to the value of the company.

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                              • Originally posted by JOHNKIES View Post
                                If you have funds invested in the stock market and the market goes up, your account will show an increase. And the next "correction" will take it all back.
                                That is where your argument falls short John. Corrections can and will happen. But if you are a long haul investor, the market has a long and storied history of providing a solid return. I think the average per year return on equity investments since the American stock market came into existence is 8.2% and that includes the Great Depression! That is a decent payback in anybody's book.
                                Message sent from your mom's bedroom during pillow talk

                                Buck Henry
                                Simple Goat Herder
                                Former NGTO President
                                Hall of Fame Member

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