I Want You To.....
- Thread starter signalmankenneth
- Start date
/MSG/
Uwaa OmO
You think raising the minimum wage won't raise overall costs?
Lowaicue
英語在香港
It need not.
/MSG/
Uwaa OmO
But it will none the less.
Lowaicue
英語在香港
Only if industry does not improve its efficiency.
Minimum wage tends not to affect economies negatively.
/MSG/
Uwaa OmO
Asking more for the same job will drive up cost of business. Because there is not an increased chance for profit, prices on all things will in turn rise.
Lowaicue
英語在香港
You are wrong. Excessive and unrestrained profits can and do drive up profits, not paying people a minimum wage. In most cases minimum wages are set at slightly above the minimum being paid and at the mean minimum. The payment od 1US$ each to ten million workers is but a drop in the ocean. Perhaps America is different (whoops! there I go again stating the bleedin' obvious!) but can you show me any national economy that has been harmed by the introduction of a minimum wage?
poet
Banned
How pedestrian and naive.
poet
Banned
G
Guns Guns Guns
Guest
According to a 2007 study by the Bush Treasury Department, between 2000-2005 US corporations paid only 13.4% of their profits in corporate income taxes, well below the Organization of Economic Cooperation and Development (OECD) average
http://www.tax.com/taxcom/taxblog.nsf/Permalink/CHAS-89LPZ9
http://www.tax.com/taxcom/taxblog.nsf/Permalink/CHAS-89LPZ9
G
Guns Guns Guns
Guest
• CEOs of the Top 100 are truly in another stratosphere. They averaged an astounding 1,723 times what their workers earned in 2007
• ZERO OR LESS TAX BILL: Fully 25 of the 100 firms paid no U.S. corporate taxes for last year, and in fact gained tax refunds.
• MORE ON LOBBYING THAN TAXES: No less than 20 of the 25 firms spent more on lobbying than they paid in taxes, no doubt because in some cases the lobbyists helped craft the obscure language of the tax legislation and regulations. The “investment” of these giant corporations thus paid off very handsomely.
• DONATION TO CANDIDATES MORE THAN TAX BILL: Campaign contributions were similarly a great investment for 18 of the 25 no-tax firms which “gave more to the political campaigns of their favorite candidates than they paid to the IRS in taxes.”
• SKY-HIGH PAY: The 25 tax-dodging CEOs the IPS report spotlights “averaged $16.7 million in pay last year, well above the $10.8 million Standard & Poor’s 500 CEO average."
• TAX-HAVEN HEAVEN: The use of these tax havens”—like the Cayman Islands, Bermuda, and Panama—which collude with corporations in concealing assets from the IRS—proved to be another highly profitable maneuver.
These tax havens provide U.S. firms with the privilege of setting up a foreign "subsidiary"—often consisting of merely a mailbox—to which it can assign ownership of brand names, logos, and other valuable "intellectual property rights."
The U.S. branch of the corporation is then charged huge fees for the use of this intellectual property, thereby dramatically reducing the firm’s profits on paper. The advantages of the tax havens made them popular with 72 percent of the no-tax corporations.
Eighteen of the 25 firms operate subsidiaries in offshore tax havens, for a combined total of 556 tax haven subsidiaries.
Of the seven companies that reported losses in U.S. pre-tax income, five have a combined total of 267 tax haven subsidiaries and a sixth, Nabors Industries, is headquartered in Bermuda.
http://inthesetimes.com/working/ent...axes_than_they_pay_ceo_lobbyists_and_candida/
• ZERO OR LESS TAX BILL: Fully 25 of the 100 firms paid no U.S. corporate taxes for last year, and in fact gained tax refunds.
• MORE ON LOBBYING THAN TAXES: No less than 20 of the 25 firms spent more on lobbying than they paid in taxes, no doubt because in some cases the lobbyists helped craft the obscure language of the tax legislation and regulations. The “investment” of these giant corporations thus paid off very handsomely.
• DONATION TO CANDIDATES MORE THAN TAX BILL: Campaign contributions were similarly a great investment for 18 of the 25 no-tax firms which “gave more to the political campaigns of their favorite candidates than they paid to the IRS in taxes.”
• SKY-HIGH PAY: The 25 tax-dodging CEOs the IPS report spotlights “averaged $16.7 million in pay last year, well above the $10.8 million Standard & Poor’s 500 CEO average."
• TAX-HAVEN HEAVEN: The use of these tax havens”—like the Cayman Islands, Bermuda, and Panama—which collude with corporations in concealing assets from the IRS—proved to be another highly profitable maneuver.
These tax havens provide U.S. firms with the privilege of setting up a foreign "subsidiary"—often consisting of merely a mailbox—to which it can assign ownership of brand names, logos, and other valuable "intellectual property rights."
The U.S. branch of the corporation is then charged huge fees for the use of this intellectual property, thereby dramatically reducing the firm’s profits on paper. The advantages of the tax havens made them popular with 72 percent of the no-tax corporations.
Eighteen of the 25 firms operate subsidiaries in offshore tax havens, for a combined total of 556 tax haven subsidiaries.
Of the seven companies that reported losses in U.S. pre-tax income, five have a combined total of 267 tax haven subsidiaries and a sixth, Nabors Industries, is headquartered in Bermuda.
http://inthesetimes.com/working/ent...axes_than_they_pay_ceo_lobbyists_and_candida/