Bankruptcy and Reorganization for Detroit?

k00k-a-d00dle-d000!

k00k-a-d00dle-d000!

A ridiculous lie.

As far as a tax on

Opposites day! lol

HAW HAW HAW HAW HAW

the dubious source goes on: Thus, the totals of basic tax, communal tax, and surcharges results in the national tax due. Corporations pay income tax at a rate of 7.5% to 15%.

Such grand arguments you have, they amount to nothing at all. I suggest you read up on who wrote the federal reserve act. Hint: they didn't set up the monetary and credit system to benefit anyone but themselves and they weren't poor people.

>

the horse's mouth:

"Assuming a municipal tax surcharge of 200%, the minimum and maximum tax rates are as follows: at least 0.162% and at most 0.8505% for asset tax; at least 3.24% and at most 17.01% for income tax."

That's the bottom line. All the other figures are based on their 'tax unit' various screwy methods of calculation that appear only to be riveled by cook county IL property taxes.

Yes, and how much total?

"Low business taxes - the maximum tax rate is 20% - and easy incorporation rules have induced a large number of holding or so-called letter box companies to establish nominal offices in Liechtenstein, providing 30% of state revenues."

Clearly a revenue model that could be exported everywhere. =)

Heaven forbid, prosperity for people instead of enslavement to criminals who run governments.

Calling taxes theft just shows how radical, out on the fringe you are.

Corporations don't pay income taxes if they lose money.

VAT isn't consumption. And most European countries have both VAT and some income tax.

Yeah, they can choose to not buy shelter, clothes, food, gas, education for their children. The wealthy can choose to not buy that yacht or jet or vacation to Monte Carlo.

You might note, every company pays income taxes on their US operations

-- Toyota, Honda, etc. It's not just the Detroit Big 3.

It says you pay from 23% to 413% on income, plus a tax on your wealth. Plus a capital gains tax, motor vehicle tax, estate tax, VAT, and gift tax.

It is what it is. 'taxing' people to pay citibank and others is theft. Just that government held the gun for the people they gave the money to.

If they lose money they won't be making product for very long.

Value Added Tax. You don't pay it unless you buy (consume) something.

Or maybe a chemistry professor could choose not to drive a mercedes? Anyway, a tax on buying stuff is only slightly less vile than an income tax. It is quite possible to manage ones expenses such that one pays very little tax based on his consumption. What your real objection is amounts to the loss of how progressive income taxes allow for the engineering of society by control freaks. Sadly what you fail to realize is those control freaks in charge of the whole mess are those very very wealthy people who can buy a government. Maybe you noticed how goldman-sachs is getting its money's worth from Obama.

Which is irrelevant to the answer to your question.

They were terribly conflicted. :-)

-- Ernie

Just getting rid of any competition.

Not much substance there is there? (rhetorical question) Unfortunately that's the mentality that will be running things.

Well, not if we repeal the 16th amendment.

What's anti-government about changing the way taxes are levied?

Sure it does. All that $$$ that was being paid to the feds for the income tax can be used by the car companies to lower the price of their cars.

The price of American cars should stay about the same.

? The middle class isn't going to buy any yachts, or fuel to run them. The middle class isn't going to buy personal bizjets. The middle class isn't going to buy $100,000K+ cars. The rich are. They will pay the most tax.

The US corporate income tax is either the 2nd highest, or the highest on the planet, depending on who you ask or what source you use. All that money that was being sucked out of the American car companies via the income tax could instead be used to lower the price of their cars.

It's Denny Hastert's plan, really. I'm just supporting it.

When it is taken for things not provided for by the Constitution - yes - that is theft. That ought to send you off into quite a tangent or three.

Do you agree with Obama (you know - the guy that's going to swear in January to uphold the Constitution) that this country has a major flaw created by the Constitution? Or do you think he was wrong?

Corporate income tax, Federal and some states combined,comes in around 39%. Repeal that too. Watch American companies get profitable. Watch some of our old industries come back - electronics, textiles, etc.

So long as you're paying American-scale wages they'll stay right where they are. The average factory worker in Malaysia earns $52 for a 44/48-hour week, a shade over $1 an hour. The minimum wage in the US is $6.55 an hour. I suppose while you're repealing everything you could repeal the minimum wage as well. Set it at 85¢ an hour like it was in 1950 and companies will indeed be coming back.

-- Ernie

All a minimum wage does is keep workers with low productivity and/or little experience out of the job market because they cannot compete on cost. The more productive/experienced person will be hired. If an employer cannot get $6.55/hr plus other expenses out of a worker he simply won't be hired. Simple as that. Any work worth more than the minimum wage is driven by supply and demand unless a union is involved that through a monopoly on labor drives the cost above market rates.

By the way, 85 cents in 90% silver US coin (as it was in 1950) works out to $6.34 based on today's closing price of silver.