Sanders, warren call out fedex for paying $0 in taxes after trump cuts

[Butler1000]

Business are not people, they are organizations focused on creating a return for investors in the form of profits. Profits are taxed and are the net of revenue and expenses. They are the net value created. There are many kinds of costs, some are opex (operational expenses) like salaries and rent. Others are Capex (capital expenditures) where the value of an asset (a Fedex truck) cannot be expensed immediately but must be expensed over the life of the asset (say 36 or 48 months).

Individuals pay taxes on income, capital gains (income from investing), interest (income from investing) and depending on jurisdiction other items (net gambling winnings). People who run a SCorp business (self employed) pay taxes like a company. Deductible items from taxable income are simply political choices based on what politicians want to subsidize.

The veteran may very well be able to write off a ramp, more likely given one as part of a VA program.

Bullshit. People pay higher rates. Income tax rates are the highest compared to corporate rates.

And ask any vet how much help they get from the VA.

All you are doing is making a fiscal argument to help a corporation. I'm making an moral and ethical argument to help peoplem.

Business is not in the business of helping people. And they do everything from creative accounting to oust and out bribery of govt people with profits to keep taxes low. That's the problem.

And as income inequality increases do does the rich whining.

I saw Mark Cuban on Fox compare increasing taxes on billionaires to oppression of minorities. I'm not kidding.

That's how disconnected some are. People are dying needlessly.

And you think this is more important.

 

[Butler1000]

In Canada, the amortization or depreciation rates and methods are unfair and archaic. The Liberal response to Mr. Trump's tax reform is lukewarm when it comes to its AIIP or accelerated program. The American plan is much more expansive with its full write-off of some capital costs and straight-line amortization instead of our ancient declining balance method. However, a business can still write off a computer over its useful life only if it is used in the business as a legitimate business expenditure. It cannot be written off over time if it is used for personal non-income producing purposes such as at home to browse the internet or to write to this thread in your "incel cave."

Any Canadian, as well as any veteran, can expense a wheelchair ramp legitimately as an eligible medical expense.

Canada yes. The USA?

 

[Butler1000]

Of course they do. They are pointing out the tax policy of, inter alia, "accelerated" depreciation means that profitable companies can pay no tax. Most assets do not depreciate to zero upon purchase. So allowing that tax break is artificial.






A specious false equivalency argument that seems reasonable to those who don't know wtf they are talking about! lol

Aside from your house not being a business, real estate is not depreciated annually. If your business loses money on a real estate asset you can claim the actual loss. If an American taxpayer loses money on the sale of their house, they can offset against capital gains. A normal car owner cannot claim depreciation on their personal car used for personal use!

If Joe Average has a bad year, say by losing his job, or with a lower income, then.... shazam, he pays less taxes! If he overspends and takes on too much debt, tough shit.

If a person listed there job they lose their home so really paying less taxes?

The disconnect astounds.

 

[SchlongConery]

If a person listed there job they lose their home so really paying less taxes?

The disconnect astounds.

Listed?

There? Where?

Aside from that, losing your job does not mean you automatically lose your home.

I know a few people in the US who got caught with their pants down when the mortgage fiasco hit. I felt sorry fr them as friends but they had it coming to them. They over extended themselves, over-stated their incomes and banked on the constant rise in house prices to buy houses that were over priced and way above their ability to carry along with their credit card and car debt. All based on the dream that the housing bubble would never pop. Sure, the brokers who wrote the shitty paper, and the banks who bought and re-sold it were despicable, but they did not force people off the street to buy overpriced houses with unaffordable second mortgages. They only got whiny when the house of cards they helped to build collapsed and they were upside down on their houses. Many to blame, including those who over bought and under saved.

Your posts in this thread really illuminate that you really are not grounded in reality and lack the fundamentals to engage in many subjects.

 

[Butler1000]

Owned my ass. He explained nothing. He gave fiscal excuses that don't explain the ethics of why.

So again, what is the moral and ethical argument that a business should not have to pay taxes but a person should?

 

[Butler1000]

Are you drunk?

Ok Boomer.......

 

[SchlongConery]

Owned my ass. He explained nothing. He gave fiscal excuses that don't explain the ethics of why.

So again, what is the moral and ethical argument that a business should not have to pay taxes but a person should?

I understand it is too complicated for you.

 

[onthebottom]

Ok Boomer.......

Are you still on daddy’s Netflix account.

 

[onthebottom]

Owned my ass. He explained nothing. He gave fiscal excuses that don't explain the ethics of why.

So again, what is the moral and ethical argument that a business should not have to pay taxes but a person should?

I can explain it to you, I can’t understand it for you.

 

[SchlongConery]

I can explain it to you, I can’t understand it for you.

Ouch

 

[Butler1000]

Listed?

There? Where?

Aside from that, losing your job does not mean you automatically lose your home.

I know a few people in the US who got caught with their pants down when the mortgage fiasco hit. I felt sorry fr them as friends but they had it coming to them. They over extended themselves, over-stated their incomes and banked on the constant rise in house prices to buy houses that were over priced and way above their ability to carry along with their credit card and car debt. All based on the dream that the housing bubble would never pop. Sure, the brokers who wrote the shitty paper, and the banks who bought and re-sold it were despicable, but they did not force people off the street to buy overpriced houses with unaffordable second mortgages. They only got whiny when the house of cards they helped to build collapsed and they were upside down on their houses. Many to blame, including those who over bought and under saved.

Your posts in this thread really illuminate that you really are not grounded in reality and lack the fundamentals to engage in many subjects.

Lovely autocorrect. Should have been lost.

As to the rest that is why you need banking laws. Because predatory lenders will take advantage of people.

And remember these lenders foreclosed and kept the properties. So now they rent them out.

And worse they have remortgaged them and repackaged the debt and sold it.

Sound familiar?

See I know a bit more than you think. The lenders got bailed out, write off losses, kept the houses and are profiting again.

The people got fucked.

Now once again tell me the moral and ethical argument that it's more important to give corporations tax breaks instead of people.

 

[Butler1000]

I can explain it to you, I can’t understand it for you.

Because you don't have a moral and ethical argument. Just the bankster one.

 

[Butler1000]

I understand it is too complicated for you.

Complicated? Nope you just can't justify it ethically.

 

[SchlongConery]

Lovely autocorrect. Should have been lost.

As to the rest that is why you need banking laws. Because predatory lenders will take advantage of people.

And remember these lenders foreclosed and kept the properties. So now they rent them out.

And worse they have remortgaged them and repackaged the debt and sold it.

Sound familiar?

See I know a bit more than you think. The lenders got bailed out, write off losses, kept the houses and are profiting again.

The people got fucked.

Now once again tell me the moral and ethical argument that it's more important to give corporations tax breaks instead of people.

I can explain it to you, I can’t understand it for you.

 

[Butler1000]

Are you still on daddy’s Netflix account.

Happy Gen X house owner, no credit card debt, home improvement loan easily managed. Will be free and clear and ready for early retirement in 7-8 years.

Gainfully employed since my first Paper route at 8 years old.

Thankfully I had Depression era born parents who did indeed teach me right.

 

[Butler1000]

I can explain it to you, I can’t understand it for you.

Ok Boomer........

 

[bver_hunter]

More TDS. This article is about Sanders and Warren. This clown hijacks every thread with his anti-Trump bullshit and anti-establishment detritus.

We have enough of this deflection from the right wingers when they drag Trudeau into the threads that have nothing to do with him. Can you not crawl out of your crevice then to post your objections, unless you are one of those trumptard cult followers, whose feathers are rattled when your cult leader is outed for his true colours!!

 

[bver_hunter]

In Canada, the amortization or depreciation rates and methods are unfair and archaic. The Liberal response to Mr. Trump's tax reform is lukewarm when it comes to its AIIP or accelerated program. The American plan is much more expansive with its full write-off of some capital costs and straight-line amortization instead of our ancient declining balance method. However, a business can still write off a computer over its useful life only if it is used in the business as a legitimate business expenditure. It cannot be written off over time if it is used for personal non-income producing purposes such as at home to browse the internet or to write to this thread in your "incel cave."

Any Canadian, as well as any veteran, can expense a wheelchair ramp legitimately as an eligible medical expense.

So there you go, and now you must have the Trump TDS if you have thrown him into the mix when responding to a post that has no mention of him!!

 

[bluecolt]

Canada yes. The USA?

Isn't this a Canadian site? Why are you so worried about what the Americans do with their tax returns?

In any event, the counterparts in the U.S. can do essentially the same thing.

 

[onthebottom]

Happy Gen X house owner, no credit card debt, home improvement loan easily managed. Will be free and clear and ready for early retirement in 7-8 years.

Gainfully employed since my first Paper route at 8 years old.

Thankfully I had Depression era born parents who did indeed teach me right.

Then you should understand this and why “ok boomer” is such a weak response