Obama Tax Proposals Upsetting Silicon Valley Execs

ib1yysguy said:
Really?

Jesus. If yysguy makes $1 million this year, but sets up a business in the Caiman Islands by getting a PO box there and tell the IRS that yysguy didn't make any money this year, his subsidiary in the Caiman Islands made all the money and it's not taxable, then I'm cheating the system.
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This article is not talking going after offshore tax havens.
 
cawacko said:
This article is not talking going after offshore tax havens.
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Obama is, however. And the Republicans are fighting him all the way. It's one of his many perfectly acceptable tax proposals that the Republicans object to without any good reason cept for the fact that now they need to oppose EVERYTHING obama does so if he fails they can say "told you." However, if nothing goes belly up as they're hoping then they're ruined.
 
WinterBorn said:
Business taxes are just another expense. If you raise the business taxes, that is simply an increase in the cost of doing business.

Do you actually believe that the company will take a lower profit or do you think they will raise the prices?
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How this simple logic escapes the thinking of so many liberals defies understanding!
 
ib1yysguy said:
Obama is, however. And the Republicans are fighting him all the way. It's one of his many perfectly acceptable tax proposals that the Republicans object to without any good reason cept for the fact that now they need to oppose EVERYTHING obama does so if he fails they can say "told you." However, if nothing goes belly up as they're hoping then they're ruined.
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Again, not what the article's about. There aren't even any references to Republicans in it. It's about a battle between the tech industry (many of whom are Obama supporters) and Obama.

Does the link now go to another article?
 
cawacko said:
Again, not what the article's about. There aren't even any references to Republicans in it. It's about a battle between the tech industry (many of whom are Obama supporters) and Obama.

Does the link now go to another article?
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I'm discussing the larger picture having to do with Obama's tax reform strategy. Opposition by Republicans and corporations is to be expected regardless of what he proposes. Seeing the tech industry opposes Obama shouldn't surprise anyone. I didn't bother reading the article and assumed you were referencing the other news, which I mentioned.
 
ib1yysguy said:
I'm discussing the larger picture having to do with Obama's tax reform strategy. Opposition by Republicans and corporations is to be expected regardless of what he proposes. Seeing the tech industry opposes Obama shouldn't surprise anyone. I didn't bother reading the article and assumed you were referencing the other news, which I mentioned.
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define 'tech industry' please.
 
SmarterThanYou said:
dude, do you NOT SEE the insanity then of increasing taxes on business? if corps can't make a profit, what are they going to do? they go out of business, unless they get subsidized by the gov.....maybe that's what you're really looking to do though.



see how that can be easily flipped around to point at you?
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I don't think the government should favor either personal or business in taxes. Right now, they heavily favor businesses in taxation.

High business taxes do cause businesses to raise prices. However, high personal taxes, clearly and obviously, hurt businesses as well, since it suppresses consumption. It's a two way road, and the only thing you conservatives care about is business. By completely and totally focusing all your efforts on lowering the taxes of those who are already not taxed that much you do America a disservice.
 
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ib1yysguy said:
I'm discussing the larger picture having to do with Obama's tax reform strategy. Opposition by Republicans and corporations is to be expected regardless of what he proposes. Seeing the tech industry opposes Obama shouldn't surprise anyone. I didn't bother reading the article and assumed you were referencing the other news, which I mentioned.
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i'm an idiot and even I know its hard to discuss something you haven't read.
 
Watermark said:
I don't think the government should favor either personal or business in taxes. Right now, they heavily favor businesses in taxation.

High business prices do cause businesses to raise prices. However, high personal taxes, clearly and obviously, hurt businesses as well, since it suppresses consumption. By completely and totally focusing all your efforts on lowering the taxes of those who are already not taxed that much you do America a disservice.
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I would agree, however, in an environment where consumer spending is down because of unemployment, already high prices, and future uncertainty in the economy, it makes very little sense to try to plug the hole in the damn using a railroad spike inserted with a 10 pound mallet. The OBVIOUS solution would have been to reduce spending which would have allowed tax decreases to the people doing the consuming, allowing them to feel more at ease about how much they spend. Once the consumer index becomes comfortable, then you can incrementally bring a taxation level up while not scaring off the consumer.
 
ib1yysguy said:
I don't need to address your article to address the larger, more important issue.
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So tax havens are the more important issue according to you although it is not the issue that has some Obama supporting Silicon exec's up in arms. And you added nothing to the tax haven topic other than its a partisan thing.
 
cawacko said:
So tax havens are the more important issue according to you although it is not the issue that has some Obama supporting Silicon exec's up in arms. And you added nothing to the tax haven topic other than its a partisan thing.
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I don't even have to finish reading this post of yours to be able to point out the straw man you're constructing.

No, tax havens aren't the more important issue. The automatic and unthinking opposition to anything Obama is the larger, more dangerous issue. This point I feel I've made very clear.
 
cawacko said:
So tax havens are the more important issue according to you although it is not the issue that has some Obama supporting Silicon exec's up in arms. And you added nothing to the tax haven topic other than its a partisan thing.
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Cawacko, seriously though. Arguing FOR tax loopholes always makes your party look bad. Just a rule of thumb. For your consideration.
 
ib1yysguy said:
I don't even have to finish reading this post of yours to be able to point out the straw man you're constructing.

No, tax havens aren't the more important issue. The automatic and unthinking opposition to anything Obama is the larger, more dangerous issue. This point I feel I've made very clear.
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What's my straw man? You can read the article. Or is it you don't believe that even Obama supporters might disagree with him on something? And since I started the thread where is my 'automatic and unthinking' opposition to Obama? Are these Obama supporters who don't like this tax proposal all of a sudden "unthinking"? Is that noted Republican Barbara Boxer "unthinking" now because she's concerned about it because her constituents are?
 
AssHatZombie said:
Cawacko, seriously though. Arguing FOR tax loopholes always makes your party look bad. Just a rule of thumb. For your consideration.
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Republicans can make themselves look bad on their own. They don't need my help (just as I can make myself look bad on my own as well). Again, this article was about people who support Obama but differ with him on this tax issue. Reasonable people can debate the merrits of it but 1bi's seeming fear of supporters disagreeing with Obama on a particular issue is rather humorous.
 
penalizing companies for offshoring US jobs? That is a bad thing?

This recession will not go away without substantial job growth. Consumer spending accounts for at least 70% of our economy.

More credit will not fix things.
 
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