Platinum Contributing Member SnowRider Posted December 30, 2022 Platinum Contributing Member Share Posted December 30, 2022 Joe is doing a good job! Effective Jan 1 Two big changes to the tax code for corporations The law also has two big changes to the tax code that will affect businesses in 2023. First, a new 15% corporate minimum tax on corporations with book income above $1 billion takes effect and will set a new floor for many of America’s biggest businesses when it comes to tax time. Congress’s Joint Committee on Taxation reported in early August that about 150 companies could see their tax situation change as a result of the new rules. But the final tally may be less after last-minute changes were made to the bill to include some exceptions for manufacturers. A another analysis by University of North Carolina Business Professor Jeffrey Hoopes found that the revised law is likely to hit companies like Amazon (AMZN), Berkshire Hathaway (BRK-A), Ford (F), AT&T (T), and eBay (EBAY) the hardest based on what they paid in 2021. “It's going to target companies who have a lot of financial accounting income, but pay relatively little in tax,” he said. Amazon infamously paid $0 in taxes in both 2017 and 2018 even while making billions in profits thanks to a host of tax credits, loopholes, and exemptions. https://www.yahoo.com/finance/news/these-3-big-pieces-of-bidens-agenda-kick-off-jan-1-200502039.html Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted December 30, 2022 Share Posted December 30, 2022 And never a thought to cutting spending Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted December 30, 2022 Author Platinum Contributing Member Share Posted December 30, 2022 6 minutes ago, Sleepr2 said: And never a thought to cutting spending You think multi billion dollar corps should be allowed to not pay taxes? Quote Link to comment Share on other sites More sharing options...
Ernie McCracken Posted December 30, 2022 Share Posted December 30, 2022 Is this Joe guy a Bible salesman or something? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted December 30, 2022 Share Posted December 30, 2022 Three pieces of shit. 1 Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted December 30, 2022 Share Posted December 30, 2022 6 minutes ago, SnowRider said: You think multi billion dollar corps should be allowed to not pay taxes? You think the government should spend the taxpayers money responsibly? 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted December 30, 2022 Author Platinum Contributing Member Share Posted December 30, 2022 4 minutes ago, Sleepr2 said: You think the government should spend the taxpayers money responsibly? Stick to the OP moron. You cool with companies paying zero? Seems pretty reasonable to require a 15% minimum. You’re fucking useful idiot Quote Link to comment Share on other sites More sharing options...
SkisNH Posted December 30, 2022 Share Posted December 30, 2022 23 minutes ago, SnowRider said: You think multi billion dollar corps should be allowed to not pay taxes? Corporations don't pay taxes...they pass whatever burden they can't write off on to there consumers. 1 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted December 30, 2022 Author Platinum Contributing Member Share Posted December 30, 2022 18 minutes ago, Sleepr2 said: You think the government should spend the taxpayers money responsibly? Stick to the OP moron. You cool with companies paying zero? Seems pretty reasonable to require a 15% minimum. You’re fucking useful idiot Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted December 30, 2022 Author Platinum Contributing Member Share Posted December 30, 2022 1 minute ago, SkisNH said: Corporations don't pay taxes...they pass whatever burden they can't write off on to there consumers. Sure - let’s just throw our hands up and let them all avoid paying taxes. Why not? So many bootlickers Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted December 30, 2022 Share Posted December 30, 2022 4 minutes ago, SnowRider said: Stick to the OP moron. You cool with companies paying zero? Seems pretty reasonable to require a 15% minimum. You’re fucking useful idiot We need to simplify the tax code for both individuals and businesses. 4 Quote Link to comment Share on other sites More sharing options...
SkisNH Posted December 30, 2022 Share Posted December 30, 2022 4 minutes ago, SnowRider said: Sure - let’s just throw our hands up and let them all avoid paying taxes. Why not? So many bootlickers Not a bootlicker....part of the pricing strategy for my business was tax policy. Sorry, fact are facts. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted December 30, 2022 Share Posted December 30, 2022 Flat tax.... Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted December 30, 2022 Share Posted December 30, 2022 6 minutes ago, SnowRider said: Stick to the OP moron. You cool with companies paying zero? Seems pretty reasonable to require a 15% minimum. You’re fucking useful idiot You’re cool with rampant spending? 2 Quote Link to comment Share on other sites More sharing options...
SkisNH Posted December 30, 2022 Share Posted December 30, 2022 10 minutes ago, SnowRider said: Sure - let’s just throw our hands up and let them all avoid paying taxes. Why not? So many bootlickers When we advocated for a flat tax you cried like the cunt that you are... When they implemented a corporate flat tax you jerked off like the pimple face teenage you are. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted December 30, 2022 Author Platinum Contributing Member Share Posted December 30, 2022 5 minutes ago, SkisNH said: When we advocated for a flat tax you cried like the cunt that you are... When they implemented a corporate flat tax you jerked off like the pimple face teenage you are. It’s not a corporate flat tax - it’s a minimum. I’m for progressive effective tax rates both personal and corporate. You carry their water and lick their boots. Typical Repug pussy . Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted December 30, 2022 Gold Member Share Posted December 30, 2022 17 minutes ago, teamgreen02 said: We need to simplify the tax code for both individuals and businesses. Just make them one and the same with no differences. Call it the federal tax code and businesses and individuals use the exact same deduction, credits and rates 1 Quote Link to comment Share on other sites More sharing options...
Cold War Posted December 30, 2022 Share Posted December 30, 2022 18 minutes ago, SkisNH said: Corporations don't pay taxes...they pass whatever burden they can't write off on to there consumers. Wasting your time. Not just corporations, any business. Liberal voters are too stupid to realize the consumer (middle class) is the one who pays. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted December 30, 2022 Author Platinum Contributing Member Share Posted December 30, 2022 Just now, Cold War said: Wasting your time. Not just corporations, any business. Liberal voters are too stupid to realize the consumer (middle class) is the one who pays. No - Repugs have been pushing Laffers trickled on for 40 years. It doesn’t work but Repugs, corps, and oligarchs want people to believe: Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted December 30, 2022 Author Platinum Contributing Member Share Posted December 30, 2022 Most of you 🤡’s Quote Link to comment Share on other sites More sharing options...
toslow Posted December 30, 2022 Share Posted December 30, 2022 you realize how stupid you look when 14 of the 19 posts in a thread you start are by you Quote Link to comment Share on other sites More sharing options...
Badger** Posted December 30, 2022 Share Posted December 30, 2022 Just now, SnowRider said: Most of you 🤡’s Let us know when you get over you're TDS, its a sickness SnowRider. 1 Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted December 30, 2022 Share Posted December 30, 2022 1 minute ago, SnowRider said: Most of you 🤡’s 1 Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted December 30, 2022 Gold Member Share Posted December 30, 2022 7 minutes ago, Cold War said: Wasting your time. Not just corporations, any business. Liberal voters are too stupid to realize the consumer (middle class) is the one who pays. Most of the middle class has no income tax obligations… Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted December 30, 2022 Share Posted December 30, 2022 tHeY’lL jUsT pASs tHe cOsT oN tO tHe cOnSuMeR. Quote Link to comment Share on other sites More sharing options...
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