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President Trump is trying to lessen the Taxation of Widows, Orphans and the Poorest of the Poor

Discussion in 'News & Current Events' started by CommonSenseNewsToday, Sep 7, 2017.

  1. CommonSenseNewsToday

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    Corporations and the top 1% of earners that provide a service or product are not tax payers they are tax collectors. Those taxes they collect are from Widows, Orphans, and the Poorest of the Poor in the form of a consumer Tax, all money paid to the government by Corporations and the top 1% is collected by adding the tax to the price of the item which makes it a consumer Tax which the purchaser pays when they buy the product. A video can be found at CommonSenseNewsToday.com demonstrating how it is done. Now is the time to stop this plundering of Widows, Orphans, and the Poor, put this information on all your social media sites, tell all you friends to do the same, President Trump is trying to cut Corporate Taxes from 35% to 15%, this will drop the consumer tax considerably, it is a good start but it needs to be dropped to 0% Corporate Tax which would eliminate the consumer Tax making it zero, thus hugely benefiting Widows, Orphans, and the Poor, notify your elected officials as to how you feel about consumer taxing those most precious to our Master. Later on I will be putting out additional videos, one of which I call the Bye Bye for getting rid of elected officials that are not doing what you elected them for.
     
  2. Rolfe

    Rolfe Well-Known Member
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    Looks like someone looking for free advertising.
     
  3. CommonSenseNewsToday

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    So seems to me you are offended more than you care for Widows Orphans or the Poor or could it be you are one of the never Trumpers
     
  4. Rolfe

    Rolfe Well-Known Member
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  5. Rolfe

    Rolfe Well-Known Member
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    And it seems to me that someone who jumps so quickly to issue this type of comment is not one whose blog posts can be counted on to be well-reasoned and insightful.
     
  6. HankD

    HankD Well-Known Member
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    We have an abundance, put on your armor!

    INCOMING!

    HankD
     
  7. InTheLight

    InTheLight Well-Known Member
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    I had no idea the best way to help widows and orphans was to cut the corporate tax rate to zero. I've been doing it all wrong by giving to the church and charity.

    Sent from my Motorola Droid Turbo.
     
  8. Adonia

    Adonia Active Member
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    President Trump has jumped fully into the swamp. Did he propose to stop raising the debt ceiling and require the nation to live within it's means? NO! It is business as usual. In fact, his new best friends are none other than Pelosi and Schumer. Good grief, this is not what i voted for.
     
  9. Rolfe

    Rolfe Well-Known Member
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    You must be a NeverTrumper Liberal. :Wink
     
  10. InTheLight

    InTheLight Well-Known Member
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    Did you vote for a legalization of illegal immigrants, the DREAMERs? Because Trump wants them to be legal.

    Sent from my Motorola Droid Turbo.
     
  11. rsr

    rsr <b> 7,000 posts club</b>
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    Not that it will make any difference to anyone, but the 35 percent corporate tax rate is largely mythical.

    According to the Government Accountability Office, "For tax years 2008 to 2012, profitable large U.S. corporations paid, on average, U.S. federal income taxes amounting to about 14 percent of the pretax net income that they reported in their financial statements (for those entities included in their tax returns)."

    This is remarkably close to Trump's 15 percent rate, which is based on eliminating lots of tax credits (or so it seems, since there's no concrete Trump tax plan yet.) So, Trump's plan would not actually reduce taxes, just the way they're calculated.
     
  12. CommonSenseNewsToday

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    In my video I use the example of a cotton seed, I also state for estimate sake a Company needs 10% return on investment (ROI) to stay in business, now the 10% figure is just to simplify the example, so if the company was risking $1,000,000 and required 10% ROI they would require a profit of $100,000.

    IRS steps in and requires a Income Tax payment of 35% or 100,000 x .35 or $35,000. pretty simple for you to follow. Since I am working with several stages to get cotton seed to clothing and each wants 10% ROI, to figure it easily you take the 35% tax rate x the 10% ROI and you come up with 3.5% of the total worth of the sale as in our example $1,000,000 x 3.5% = $35,000.


    So here is how it works:

    Stage 1

    Cotton seed owner adds 10% to his base cost for his ROI, then adds another 3.5% the new total cost to generate the tax they pay the government.

    Stage 2

    Farmer purchasing cotton seed just paid cotton seed owners Income Tax.

    Farmer has a new cost for growing cotton and add 10% ROI, then adds another 3.5% to the new total to pay their income tax.

    Stage 3

    Cotton broker buy the cotton from farmer thus paying the farmers income tax Cotton broker does the same thing to his base price.

    Stage 4

    Cotton refiner cleans cotton, makes into cloth, dyes cloth.

    Stage 5

    Cloth cutting and sewing company makes shirts, dresses, coats ect..

    Stage 6

    Clothing broker distributes clothing to clothing store buyers

    Stage 7

    Clothing store puts clothing on racks in store and you come in buy the clothing thus you are paying the sellers income tax.


    Seven stages where each entity added in 3.5% to cover income tax was just paid by you. Lets see 7x3.5= 24.5% consumer tax. Now each stages cost was lower than the one they sold to so for this example the actual total tax embedded will be closer to 17%.

    The problem is most Companies require 30% to 70% ROI. The lower the number of Stages to product sale usually get 250% to 400% Its called a consumer tax, so if Widows, Orphans, and the Poor buy anything they pay it.
     
  13. InTheLight

    InTheLight Well-Known Member
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    You have no clue as to what you are talking about. Take a 9th grade economics course and get back to us.

    Sent from my Nexus 7 using Tapatalk
     
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  14. Adonia

    Adonia Active Member
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    It seems he wants them legal now, but that is not what he said during the campaign. I really want the wall and strict enforcement of all immigraion laws.
     
  15. Adonia

    Adonia Active Member
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    Not hardly. Above all else i want our Constitution to be adhered too. That would mean a Federal government half the size of what it is now with most governmental power residing in each individual state. Now, does that sound like a liberal?

    I voted for Trump because he seemed to be the best chance to have someone in DC do something different. Unfortunately, he is now cozying up to the worst of the worst. I guess i must realize that i have a better chance of winning the lottery than anything ever changing in that town.
     
  16. rsr

    rsr <b> 7,000 posts club</b>
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    Ignoring the rest of the facile post, which proves you know nothing about economics but put yourself forward as being an expert, why do we accept that companies deserve a 30 to 70 percent return on investment? You have no idea what you are talking aboutl

    Actually, no one except tiny companies in start-up mode see anything like that. Alphabet is 12-14 percent, and that's high. Exxon is about 4 percent. The ROI you think is appropriate is, well, robber baron territory. You may have read widely, but not well. Actually, I can't believe that you've read widely at all, just what agrees with your orthodoxy.

    Your facts are not facts. You want to cover yourself in the "widow, orphans" meme to justify your own political inclinations.
     
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  17. Earth Wind and Fire

    Earth Wind and Fire Well-Known Member
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    Yup
     
  18. Earth Wind and Fire

    Earth Wind and Fire Well-Known Member
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    Errr. :rolleyes:
     
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