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  1. 04-06-2019 #26
    baseline bum
    俺はまんこが大好きなんだよ baseline bum's Avatar
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    Quote Originally Posted by in2deep
    If you really analize, Cain fits in between the gop and trump.

    He was a good candidate if u think about it
    GOP = Trump

    Therefore Cain = Trump?
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  2. 04-06-2019 #27
    Will Hunting
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  3. 04-06-2019 #28
    Will Hunting
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    Quote Originally Posted by Millennial_Messiah
    I do think tax breaks should be cut. Itemized deductions should be limited to 15k/person or 30k/couple regardless of income, and businesses should only be able to write off $100k including big businesses

    Amazon should have to pay the regular tax rate for their bracket instead of writing off 99% of their taxable income. That's what really screws over the IRS, not because of individuals of middle or lower class (<250k).

    Don't raise taxes... cut tax breaks, especially for corporations.
    No matter how much you try to "cut tax breaks" and "simplify the tax code" corporations and rich individuals will hire the best lobbyists and tax attorneys to add the tax breaks back in over time. The only way to offset that is higher marginal rates for corporations/rich individuals.
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  4. 04-06-2019 #29
    Winehole23
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    Quote Originally Posted by in2deep
    Politically my rookie friend
    Premature. Herman Cain is being bruited about as a Federal Reserve Board nominee right now.
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  5. 04-06-2019 #30
    in2deep
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    Quote Originally Posted by Winehole23
    Premature. Herman Cain is being bruited about as a Federal Reserve Board nominee right now.
    In the 2012 race my rookie friend
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  6. 04-06-2019 #31
    Winehole23
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    Parsing one's own comments repeatedly is apparently a veteran move.
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  7. 04-06-2019 #32
    @realDonaldTrump
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    I once saw Crooked Hillary fart on a WWtwo veteran! Fake news media refused to report!
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  8. 04-06-2019 #33
    Millennial_Messiah
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    Quote Originally Posted by Will Hunting
    No matter how much you try to "cut tax breaks" and "simplify the tax code" corporations and rich individuals will hire the best lobbyists and tax attorneys to add the tax breaks back in over time. The only way to offset that is higher marginal rates for corporations/rich individuals.
    no, they can make it fraudulent to add more tax breaks than allowed. Also lobbyists should be taxed, too.
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  9. 04-06-2019 #34
    Will Hunting
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    Quote Originally Posted by Millennial_Messiah
    no, they can make it fraudulent to add more tax breaks than allowed. Also lobbyists should be taxed, too.
    They can make it “fraudulent” to hire a tax lawyer to walk into court and pursue a ruling that makes certain income non taxable or certain expenses tax deductible? Good luck with that.

    Lobbyists are taxed just like everyone else so I have no idea what you’re trying to claim there.
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  10. 04-06-2019 #35
    Millennial_Messiah
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    Quote Originally Posted by Will Hunting
    They can make it “fraudulent” to hire a tax lawyer to walk into court and pursue a ruling that makes certain income non taxable or certain expenses tax deductible? Good luck with that.

    Lobbyists are taxed just like everyone else so I have no idea what you’re trying to claim there.
    They make a hard law saying you can only deduct up to 250K per year as a corporation and you cannot write off any previous losses. A simple and strict law like that would be hard to appeal no matter how expensive your attorneys are.
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  11. 04-06-2019 #36
    Will Hunting
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    Quote Originally Posted by Millennial_Messiah
    They make a hard law saying you can only deduct up to 250K per year as a corporation and you cannot write off any previous losses. A simple and strict law like that would be hard to appeal no matter how expensive your attorneys are.
    Deduct 250k from what? Cash based income? GAAP income? Some combination of the two?

    Youre already assuming away tons of complexity.
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  12. 04-06-2019 #37
    Millennial_Messiah
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    Quote Originally Posted by Will Hunting
    Deduct 250k from what? Cash based income? GAAP income? Some combination of the two?

    Youre already assuming away tons of complexity.
    Total reported income.
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  13. 04-06-2019 #38
    Will Hunting
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    Quote Originally Posted by Millennial_Messiah
    Total reported income.
    How is total reported income calculated? Be specific.
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  14. 04-06-2019 #39
    Millennial_Messiah
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    Quote Originally Posted by Will Hunting
    How is total reported income calculated? Be specific.
    The total gross revenue that the company earns from all sources.
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  15. 04-06-2019 #40
    Will Hunting
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    Quote Originally Posted by Millennial_Messiah
    The total gross revenue that the company earns from all sources.
    A few things:

    1) Is that gross revenue collected or recognized under GAAP?

    2) Are you seriously saying that companies couldn’t deduct more than 250k or normal operating expenses (ie cost of goods sold, payroll, etc.)?
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  16. 04-06-2019 #41
    Millennial_Messiah
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    Quote Originally Posted by Will Hunting
    A few things:

    1) Is that gross revenue collected or recognized under GAAP?

    2) Are you seriously saying that companies couldn’t deduct more than 250k or normal operating expenses (ie cost of goods sold, payroll, etc.)?
    Either they take a percentage standard deduction based on their domain (based on whether they're a restaurant, brokerage firm, bank, whatever they are) or they deserve to be audited. GAAP/IFRS provides too many loopholes.
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  17. 04-11-2019 #42
    ChumpDumper
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  18. 04-11-2019 #43
    boutons_deux
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    Quote Originally Posted by ChumpDumper

    Another BIG SICKENING WIN for Trash

    Moore also will not get approved, another WIN

    sickening
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  19. 04-22-2019 #44
    benefactor
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    Welp

    https://www.usatoday.com/story/news/...ve/3539399002/
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  20. 04-22-2019 #45
    spurraider21
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    Quote Originally Posted by spurraider21
    the best part

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