Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Posts Tagged ‘tax code’

… It is Investment that Creates Jobs [#Supply Side Economics]…

Posted by paulfromwloh on Monday,November 14th,2016

.. whether you invest in human capital [people] or physical capital [machines or services] …

.. it is the supply side of the laws of supply and demand …

.. [h/t — TruthRevolt.org]..
.. [link] to the blog news …

.. it is a prime part of supply side economics . It works every time …

.. you have to encourage investment to get it . You have to have an environment that welcomes investment that gets more of it . You need a tax code plan that encourages long – term investment in capital , no matter what the form it takes …

.. ideally , there should be a balance between physical capital and human capital . The tax code and the financial environment should not discriminate between the two ….

— [update] — and , it works every time that it is tried , folks ! … it is simple , from the Laffer curve and the Laws of Economics …

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… That Did Not Last Long [#taxing tuition plans]…

Posted by paulfromwloh on Thursday,May 5th,2016

.. the ObamaCraps are really getting to be tone – deaf these days ..

.. these propose tax plans that they know have no chance of passage in Congress . They think that they are trying to drive the 2016 political debate . Right ? …

.. Wrong ! ..

.. [h/t — Twitchy.com]..
.. [link] to the tweets // blog posts …

.. the dummies proposed a tax plan to strip the tuition savings plans of their tax – free status . You think that those idiots would have put their political thinking caps on , first . Right ? Wrong .

.. those tuition savings plans are there for a reason . Our nation wants to encourage families to save money for their children ‘ s education . The inducement is that that money grows tax – free in the account. But , the ObamaCraps wanted to change that …

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… Don’t Those Knuckleheads Ever Learn [#US Treasury][#tax inversion]…

Posted by paulfromwloh on Wednesday,April 6th,2016

.. it seems that Our country ‘ s Treasury Department is a glutton for punishment . Also , they want to be stuck in court with multiple court cases ..

.. So , what the fart is the big brawl all about with these ” tax inversions ?? ” …

.. simple , and for 2 reasons . One is our country ‘ s tax rate . Currently our’ s top tax rate for corporations is about 35.0% , which is the highest in the Western World . Having a rate that high is going to inspire many attempts to go to tax havens , and the use of tax dodges ..

.. [h/t — Reuteurs.com/business]..
.. [link] to the blog post news ..

.. the other is the way our country taxes corporations . Worldwide , companies are taxed generally one way . They only pay tax on the earnings on the income earned in that specific country . Our does it radically different . Our country taxes income on companies on a worldwide business basis . It just does not mean our nation alone , but in every other country on the planet ..

.. Treasury is trying to legislate by ” executive order ” or by regulation . Oops . Regulations may interpret and implement existing law . They may not act to write new law . That is Congress ‘ job ,folks ..

.. So , what happens ? The stuff get challenged in court , and by a company willing to take on the battle .most companies do not want the to spend the fuss or the tIme .But some do . Those are the ones that will benefit from the battle [and the expense]…

Posted in body of law, congressional intent, legal opinion, legal question, personal opinion | Tagged: , , , , , , , , , , , , , , | Leave a Comment »

… Take a Scalpel to the Tax Code …

Posted by paulfromwloh on Wednesday,July 10th,2013

..and to the Infernal Revenue Service .

.. Yea , I call it the Infernal Revenue Service . What do you expect for a C.P.A. , who has practiced before those numb-nuts .

.. There is a use for them . I admire the advocates of the FAIR tax , but in terms of public policy and planning , I am not as wild in favour of it as you might think . I am much more in favour of a single – rate , or flat – rate , income tax .

.. With that , I also think that we should take a scalpel to the I.R.S. , not just the tax code . Having the I.R.S. manage ObamaCrapCare ? People have to be totally crazy to think that , much less actually do it . And the DemoCraps in Congress in 2010 actually did it . Amazingly enough . And , they did it without any Republican votes . Not one .

.. The recent scandal of the targeting of conservative and Tea Party and religious organizations just drives home the point . These people were just trying to organize themselves , and avail themselves of the opportunities that are available under the law . Yet , they were singled out for their views and their beliefs . Their rights were violated . Most likely , higher – ups at the I.R.S. were , most definitely involved in it . That much is certain .

.. As of now , the ObamaCrap White House has not been found to be complicit in this affair . Not as of yet . Yet , I believe that , directly or indirectly , the I.R.S. took its marching orders from the ObamaCraps . Considering how heavily DemoCraptic the I.R.S. workforce is , in terms of their campaign contributions , and their votes , that is no surprise . These people are supposed to be “non-partisan.” Yet , these numb-nuts act in such a partisan manner .

.. let us go to the “Chop Shop , ” and chop away !!

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