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LOL...
Wouldn't it be funny if he did?
How may Obama voters pay negative taxes (get more money back than paid.) Add that to those who actually pay taxes, and it's possible that Romney still pays more in taxes than all Obama voters combined.
[email protected] thinks he has the ability to get under anyone's skin. you're the forum whipping boy son, why don't you lecture us on something you actually know about like online dating
LOL...
Wouldn't it be funny if he did?
How may Obama voters pay negative taxes (get more money back than paid.) Add that to those who actually pay taxes, and it's possible that Romney still pays more in taxes than all Obama voters combined.
Why don't you lecture us on something you know about like finance? Oh wait!
Brah what I did was pretty genius, I saw that in the pizza industry papa johns was making all kinds of gains while the market was underrating domino's for some reason which actually had the more solid fundamentals. Bet on domino's and shorted papa johns and made like 3k on a 20k investment in 1 week. you couldn't beat that monkey boy
This one also made me a lot of money.
https://www.google.com/finance?client=ob&q=NYSE:GDI
bought that on July 16th RIGHT at it's low point and flipped that on July 27th where it ed up.
No offense mavs, but your basing your investment prowess on a good week? You continue to earn 15% each week after a year let me know and I'll give you my money to play with.
That was just bum ing stupid. Lots of wealthy Obama supporters.
those were just a couple of highlights of some nice moves i made over a 2 month period in a down market this past summer..my first try ever dabbling in stocks. the market was down like 5% over the period while i was significantly ahead. haven't ed with them since..but i plan to again soon.
LOL playing fantasy wall street.
it's an exact clone of the real market complete with fees and all..it's completely realistic. had i transferred cash to the account it would have been the exact same thing.
I get it, but playing with monopoly money ain't the same thing.
It's the difference between playing Texas Holdem for fun or playing with a $1000 ante. It makes it a of a lot harder to go all in.
All I would suggest is be careful. Looks like you are doing your homework but the markets will take all the facts and figures your are using and eventually slap you with them. Put your focus on consistently putting money away and less on the magic formula of the market.
He's playing fantasy wall street with monopoly money.
Sure, thousands. But for every one of them, how many get earned income credit, child credits, food stamps, subsidized utilities, etc. that make them a net receiver of tax dollars?
I agree the net flow of money is likely to the government coffers from Obama supporters, but I can see it as possible being otherwise. What numbers do you have to to disprove the possibility?
it is when you're a stone cold mother er and don't invest with your emotions. download interactive broker and let us know how badly you get your ass waxed if you think it's easy.
and stop calling it fantasy wall street lol. the option is there to upload your money..nothing actually changes once you do. it's the real life stock exchange in real time. for all your talk, you'd lose money if you tried it.
So was the 20k your cash or play money? I used to play hold em on party poker and was up to about 60 million before they took my play money away.
crofl it's nothing at all like that
There's simply a much larger problem than just taxing when it comes to encouraging investment: the US and it's standard of living just isn't compe ive with other nations, and no amount of tax wiggling will fix that. You could lower taxes to zero and companies will still invest their money and create jobs somewhere else simply because they can pay cents per hour of work, and people are willing (or made to be willing, see: China) to live with that. The US has evolved to a services/specialized economy to combat that, and moved aggressively with the protection of such specialization and/or innovation (IP) to artificially keep a stronghold in that area, but eventually other countries catch up, and what was once new or special becomes something other countries can do and for cheap.
So, while I agree that a cleaner, less convoluted tax code would be beneficial (unless you're an accountant) just on removing complexity, it doesn't necessarily address the big elephant in the room.
I think if you gave me 250 mil over a lifetime, I'd say I'd let you take a whopping 200 mil from me.
Nuts to start with, tbh.
moocher Corporate-Americans can afford to avoid/evade taxes, 99% Human-Americans can't.
Microsoft Used Offshore Subsidiaries To Avoid $6.5 Billion In American Taxes
The report, released in advance of a 2 p.m. hearing in Washington today, said Microsoft used transactions with subsidiaries in Puerto Rico, Ireland, Singapore and Bermuda to save at least $6.5 billion in taxes. In 2008, Hewlett-Packard Co. (HP) created a series of short-term internal loans that allowed the company to tap its offshore cash for domestic operations without paying taxes, according to the report.
Apple, one of Microsoft’s chief compe ors, used its own schemes to avoid more than $2.4 billion in American taxes last year. “The high-tech industry is probably the number-one user of these offshore en ies to transfer intellectual property,”
In 2009, offshore tax havens cost the average individual taxpayer $434, according to the California Public Interest Research Group. Citizens for Tax Justice, meanwhile, found that making up the lost revenue would have required an extra $2,116 from each American small business.
http://thinkprogress.org/economy/201...ate-memo-says/
Apple, Google, Microsoft Sitting on 58 Billion in Overseas Profits, Blackmailing Us to Avoid Taxes
These corporations claim that if we reduce their tax rate on that cash from 35 percent to 5.25 percent (which is less than the rest of us pay in sales taxes), they will bring the money home and invest it in creating badly needed jobs. They claim that for every billion invested, 15,000 to 20,000 jobs will be created directly and indirectly, which means such a tax holiday could create up to 30 million jobs – more than enough to bring us back to full employment and then some!
1. Companies that got the tax breaks last time didn’t create jobs.
After the Bush administration and Congress passed the Homeland Investment Act of 2004, 800 corporations repatriated $312 billion, but didn’t create jobs, according to an in-depth study by the nonpartisan National Bureau of Economic Research ( PDF). “Congressmen argued that it would create more than 500,000 jobs over two years by raising investment in the United States,” the report states.
Here’s what actually happened:
“Rather than being associated with increased expenditures on domestic investment or employment, repatriations were associated with significantly higher levels of shareholder payouts, mainly through share repurchases.... A $1 increase in repatriations was associated with a $0.79 increase in share repurchases and a $0.15 increase in dividends…. [I]t is clear that they were able to reallocate funds internally to bypass the publicly stated goals of the Act.”
In plain English that means that 94 cents of every tax break dollar enriched the shareholders. That leaves six cents on the dollar for investment in research, development and jobs.
http://www.alternet.org/story/151413...to_avoid_taxes
Apple Used Low-Tax States, Foreign Tax Havens To Dodge $2.4 Billion In Taxes Last Year
Apple’s headquarters are in Cupertino, Calif. By putting an office in Reno, just 200 miles away, to collect and invest the company’s profits, Apple sidesteps state income taxes on some of those gains.
California’s corporate tax rate is 8.84 percent. Nevada’s? Zero. [...]
Apple was a pioneer of an accounting technique known as the “Double Irish With a Dutch Sandwich,” which reduces taxes by routing profits through Irish subsidiaries and the Netherlands and then to the Caribbean. [...]
http://thinkprogress.org/economy/201...e-tax-dodging/
T , Wasshole
Romney's "Charity" to the Church is Just More Corporate Greed and Tax Evasion
Let's take a look at what Mitt's charitable giving goes to, shall we?
Reuters looked into it a while back: [1]
If the Mormon church were a business, wealthy adherents like Mitt Romney would count as its dominant revenue stream.
Its investment strategy would be viewed as risk-averse.
It would also likely attract corporate gadflies protesting a lack of transparency. They would call for less spending on real estate and more on charitable causes to improve membership growth - the Mormons' return on investment.
Those are a few of the conclusions that can be drawn from an analysis of the church's finances by Reuters and University of Tampa sociologist Ryan Cragun.
Relying heavily on church records in countries that require far more disclosure than the United States, Cragun and Reuters estimate that the Church of Jesus Christ of Latter-day Saints brings in some $7 billion annually in hes and other donations.
It owns about $35 billion worth of temples and meeting houses around the world, and controls farms, ranches, shopping malls and other commercial ventures worth many billions more.
So Romney is giving huge sums of money to a church which runs commercial ventures and has no obligatin to pay taxes on them. Sounds perfect.
"Most of the revenue of the religion is from the U.S., and a large percentage comes from an elite cadre of wealthy donors, like Mitt Romney," said Cragun. " is a religion that appeals to economically successful men by rewarding their financial acuity with respect and positions of prestige within the religion."
The church is full of successful businessmen, including chemical billionaire Jon Huntsman Sr., the father of the former presidential candidate, J.W. "Bill" Marriott Jr. and his hotel-owning family, and even entertainer Donny Osmond.
[...]
The Mormon church has no hospitals and only a handful of primary schools. Its university system is limited to widely respected Brigham Young, which has campuses in Utah, Idaho and Hawaii, and LDS Business College. Seminaries and ins utes for high school students and single adults offer religious studies for hundreds of thousands.
It counts more than 55,000 in its missionary forces, primarily youths focused on converting new members but also seniors who volunteer for its non-profits, such as the Polynesian Cultural Center, which bills itself as Hawaii's No. 1 tourist attraction, and for-profit businesses owned by the church.
The church has plowed resources into a multi-billion-dollar global network of for-profit enterprises: it is the largest rancher in the United States, a church official told Nebraska's Lincoln Journal Star in 2004, with other ranches and farms in Mexico, Brazil, Argentina, Australia and Great Britain, according to financial do ents reviewed by Reuters.
Ranching and farm industry sources say they are well-run operations.
It also has a small media empire, an investment fund, and is developing a mall across from its Salt Lake City headquarters, which it calls an attempt to help revitalize the city rather than to make money. These enterprises are also part of a vast nest egg for tough times. The church expects wars and natural disasters before Christ returns to earth in the Second Coming, and members are encouraged to prepare by laying in stores of food. Farms and ranches are part of the church's own preparation.
"The church teaches its members to live within their means and put a little money aside for life's unexpected events. As a church, we live by the same principle," Purdy said. The rainy-day fund and operating budget rarely mix, officials say.
And what does Mitt think about this form of "charity"?
Romney himself focuses on the act of giving, not the result. As he told Fox News Sunday, "Hopefully, as people look at various individuals running for president, they'd be pleased with someone who made a promise to God and kept that promise."
Right. That's all that matters.
If I didn't know better I'd have to assume that this charitable giving to a church that primarily operates highly successful commercial businesses is just another tax dodge.
http://www.alternet.org/print/hot-ne...nd-tax-evasion
So the hyper-wealthy Mormon BUSINESS operates no charity hospitals like other "religions", Catholic, Protestant, Jewish?
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