Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Posts Tagged ‘taxation’

… So , What did You Expect ?? [#BK tax inversion]…

Posted by paulfromwloh on Monday,January 2nd,2017

.. our companies do it here in the states , moving from state to state …

.. they incorporate in more legal – friendly states , such as Texas , Ohio , and Delaware , instead of others , due to the legal environment …

.. they also do it for finance and tax purposes …

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

.. now , Booger King is getting married to Tim Horton ‘ s of Canada , a donut and coffee joint …. it is also moving its tax domicile to Canada …

.. guess what ? … our media and the ObamaCraps are complaining ….. Wahhhh !! …

.. tough crap …

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… Don’t those Dummies ever Learn [#taxpayer info]…

Posted by paulfromwloh on Friday,August 19th,2016

.. Earth to ObamaCraps ..

.. don’t you idiots ever learn ?? …

.. [h/t — WashingtonExaminer.com]..
.. [link] to the news article …

.. e – mails uncovered by a conservative interest group indicated that you morons have your fingerprints all over the IRSGate scandal . Haven’t you dummies learned any lessons from Watergate , or other scandals ?? …

.. the possession of taxpayer information from a taxpayer file is a very serious matter , folks . How serious ? …. The possession of tax info from a taxpayer ‘ s file by people not entitled to do so is a felony , punishable by up to 5 years in prison , and a $50,000 fine . Yes , it is damn serious ….

.. don’t you idiots ever learn ???

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… So , What is the OCs response to ” Tax Inversions ?? ‘ [#WBMG]…

Posted by paulfromwloh on Saturday,April 9th,2016

.. to bellyache . So , what else is new ?? ..

.. they act from one perspective . They believe that the company’ s tax revenue is theirs [the government ‘ s] , not the company ‘ s . So , they complain when a company [for tax purposes] puts its headquarters in a foreign nation . It puts the revenue [and income] out of reach for the U.S. government ..

.. Also , the OCs want the tax rate to be as high as possible . They want as much tax revenue as is possible . So , the higher the tax rate ,the better ..

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

.. one thing that the OCs hate are ” tax havens . ” The O.C.s resent the business pressure that the tax havens put on countries to lower tax rates . In particular , the OCs believe in static tax analysis . They believe that if you cut tax rates , you lose tax revenue . Many times , that is not the case . Supply – side tax cuts are the proof , because they work every time that they are used ..

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… Why the OCs [ObamaCraps] go After Tax Inversions ?? [#greed]…

Posted by paulfromwloh on Thursday,April 7th,2016

.. ideology is one . The ObamaCrap Admin is heavily anti – business . They view business with heavy suspicion and a great deal of hatred . Most of the OCs have never managed a business , a payroll , or dealt with government from that ” side of the fence . ” They cannot stand business , except to squeeze the corporate ” teat ” for tax revenue [and plenty of it] ..

.. revenue is another . The OCs want as much tax revenue as they can get . They consider the revenue from a company to be theirs , and not the company ‘ s . Thus , they grant the company the right to keep that revenue [after tax ..]..

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

.. greedy bastards , aren’t they ?? ..

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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 »

… It is Their Money , Dumb – dumbs [#tax inversion]…

Posted by paulfromwloh on Thursday,August 7th,2014

.. huh ?!..

.. it is relatively simple . Company A [US] buys Company B [Ireland] . Company A then switches its ” Tax Domicile ” to Ireland . It then can hold a great deal of cash in another place . Simple ..

.. these days , it is . It also has the DemoCraps having a conniption fit of the world class order . Boy , oh boy , is it fun to watch …

.. [h/t — TAS.org]..
.. [link] to the news post ..

.. it is remarkably similar to the relocation of a firm in the U.S. from one state to another . There are financial advantages , to be sure , but also legal ones …

.. you have a supply side idea . Cut the corporate tax rate down to the bone , waaaaaay down from where it is now . Say from 35% [now] , down to 10% to 15% , or better yet , 0 . Yes , the big Zippo ! … Watch what happens when you do …

.. for the Dems , I have a message … corporation or person , it is their money , not yours , so tough cookies …

Posted in personal opinion, stupidity (financial), stupidity (political), stupidity (taxation), tax opinion | Tagged: , , , | Leave a Comment »

… Uh – Oh ? Woodward to the Rescue ?!?! …

Posted by paulfromwloh on Monday,April 21st,2014

.. it makes you wonder …

.. for those who do not realize , Bob Woodward is old Navy . He was an intelligence officer in the U.S. Navy for a fair number of years before he went to work at the Washington ComPost …

.. [h/t — HotAir]…
.. [link] to the video segment …

.. if Woodward gets interested in this , and gets a commitment from the higher ups at the ComPost [he is one of them] …. his reputation alone will scare the [bleep] out of people if and / or when he starts digging …. then once stories start appearing in the paper & OL , then you really get the LameStream media ‘ s attention …

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… Now You Get the Idea [from the MahaRushie] …

Posted by paulfromwloh on Monday,March 31st,2014

.. why Matt Drudge is right on the button …

.. [h/t — theRightScoop]..
.. [link] to the show segment ..

.. Matt is an individual businessman , a small businessman . He files estimated taxes , and is required to ” think forward , ” not backward , like most folks with earned income do . Those with the great mass of their income from unearned income [capital gains , interest , and dividends] as well as small businesses , as requried to file estimated taxes [and , to ” look forward , ” tax wise] …

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… Politicized Justice is …

Posted by paulfromwloh on Thursday,January 23rd,2014

.. no justice at all .

.. it harms our Constitution , our country , and our citizens .

.. when people abuse the organs of government for their own ends , and they tamper with the rights and freedoms of others .

.. Government prosecutors do have the right to set priorities to maximize the use of scarce resources . What they do not have the right to do is the refusal to enforce the body of law as a whole . Especially when and where prosecution for misconduct is called for .

.. These groups formed and applied for tax – exempt status . They thus created a IRS tax file . These files are not to be misused or abused , especially for misuse for political purposes . I am a C.P.A. , albeit on the bench . I have practiced before the service , and misuse of these files is a felony .

.. It is clear that these files have been misused . Investigation is called for , and the appointment of a Special Prosecutor or an Independent Counsel is called for ..

.. here is another opinion , from Judge Jeanine Pirro on her ” Opening Statement ” on her show ” Justice w. ” earlier this month ….

.. [h/t FoxNewsInsider]

.. [link] to the video segment ..

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… 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 !!

Posted in Investigative, personal opinion, tax opinion | Tagged: , , , , | Leave a Comment »

… this Guy puts it Bluntly …

Posted by paulfromwloh on Wednesday,October 10th,2012

… I came  across this article {thanks to ross kaminsky , and the American Spectator OL} ,  and this guy puts it rather blunty . He puts it to his people about the economic threat that they face from Pres Obama ‘ s re – election …

Here is the e-mail that is the subject of the conversation:

Subject: Message from David Siegel Date:Mon, 08 Oct 2012 13:58:05 -0400 (EDT) From: [David Siegel] To: [All employees]

To All My Valued Employees,

As most of you know our company, Westgate Resorts, has continued to succeed in spite of a very dismal economy. There is no question that the economy has changed for the worse and we have not seen any improvement over the past four years. In spite of all of the challenges we have faced, the good news is this: The economy doesn’t currently pose a threat to your job. What does threaten your job however, is another 4 years of the same presidential administration. Of course, as your employer, I can’t tell you whom to vote for, and I certainly wouldn’t interfere with your right to vote for whomever you choose. In fact, I encourage you to vote for whomever you think will serve your interests the best.

However, let me share a few facts that might help you decide what is in your best interest. The current administration and members of the press have perpetuated an environment that casts employers against employees. They want you to believe that we live in a class system where the rich get richer, the poor get poorer. They label us the “1%” and imply that we are somehow immune to the challenges that face our country. This could not be further from the truth. Sure, you may have heard about the big home that I’m building. I’m sure many people think that I live a privileged life. However, what you don’t see or hear is the true story behind any success that I have achieved.

I started this company over 42 years ago. At that time, I lived in a very modest home. I converted my garage into an office so I could put forth 100% effort into building a company, which by the way, would eventually employ you. We didn’t eat in fancy restaurants or take expensive vacations because every dollar I made went back into this company. I drove an old used car, and often times, I stayed home on weekends, while my friends went out drinking and partying. In fact, I was married to my business — hard work, discipline, and sacrifice. Meanwhile, many of my friends got regular jobs. They worked 40 hours a week and made a nice income, and they spent every dime they earned. They drove flashy cars and lived in expensive homes and wore fancy designer clothes. My friends refinanced their mortgages and lived a life of luxury. I, however, did not. I put my time, my money, and my life into this business —-with a vision that eventually, some day, I too, will be able to afford to buy whatever I wanted. Even to this day, every dime I earn goes back into this company. Over the past four years I have had to stop building my dream house, cut back on all of my expenses, and take my kids out of private schools simply to keep this company strong and to keep you employed.

Just think about this – most of you arrive at work in the morning and leave that afternoon and the rest of your time is yours to do as you please. But not me- there is no “off” button for me. When you leave the office, you are done and you have a weekend all to yourself. I unfortunately do not have that freedom. I eat, live, and breathe this company every minute of the day, every day of the week. There is no rest. There is no weekend. There is no happy hour. I know many of you work hard and do a great job, but I’m the one who has to sign every check, pay every expense, and make sure that this company continues to succeed. Unfortunately, what most people see is the nice house and the lavish lifestyle. What the press certainly does not want you to see, is the true story of the hard work and sacrifices I’ve made.

Now, the economy is falling apart and people like me who made all the right decisions and invested in themselves are being forced to bail out all the people who didn’t. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed 42 years of my life for. Yes, business ownership has its benefits, but the price I’ve paid is steep and not without wounds. Unfortunately, the costs of running a business have gotten out of control, and let me tell you why: We are being taxed to death and the government thinks we don’t pay enough. We pay state taxes, federal taxes, property taxes, sales and use taxes, payroll taxes, workers compensation taxes and unemployment taxes. I even have to hire an entire department to manage all these taxes. The question I have is this: Who is really stimulating the economy? Is it the Government that wants to take money from those who have earned it and give it to those who have not, or is it people like me who built a company out of his garage and directly employs over 7000 people and hosts over 3 million people per year with a great vacation?

Obviously, our present government believes that taking my money is the right economic stimulus for this country. The fact is, if I deducted 50% of your paycheck you’d quit and you wouldn’t work here. I mean, why should you? Who wants to get rewarded only 50% of their hard work? Well, that’s what happens to me.

Here is what most people don’t understand and the press and our Government has chosen to ignore – to stimulate the economy you need to stimulate what runs the economy. Instead of raising my taxes and depositing that money into the Washington black-hole, let me spend it on growing the company, hire more employees, and generate substantial economic growth. My employees will enjoy the wealth of that tax cut in the form of promotions and better salaries. But that is not what our current Government wants you to believe. They want you to believe that it somehow makes sense to take more from those who create wealth and give it to those who do not, and somehow our economy will improve. They don’t want you to know that the “1%”, as they like to label us, pay more than 31% of all the taxes in this country. Thomas Jefferson, the author of our great Constitution, once said, “democracy” will cease to exist when you take away from those who are willing to work and give to those who would not.”

Business is at the heart of America and always has been. To restart it, you must stimulate business, not kill it. However, the power brokers in Washington believe redistributing wealth is the essential driver of the American economic engine. Nothing could be further from the truth and this is the type of change they want.

So where am I going with all this? It’s quite simple. If any new taxes are levied on me, or my company, as our current President plans, I will have no choice but to reduce the size of this company. Rather than grow this company I will be forced to cut back. This means fewer jobs, less benefits and certainly less opportunity for everyone.

So, when you make your decision to vote, ask yourself, which candidate understands the economics of business ownership and who doesn’t? Whose policies will endanger your job? Answer those questions and you should know who might be the one capable of protecting and saving your job. While the media wants to tell you to believe the “1 percenters” are bad, I’m telling you they are not. They create most of the jobs. If you lose your job, it won’t be at the hands of the “1%”; it will be at the hands of a political hurricane that swept through this country.

You see, I can no longer support a system that penalizes the productive and gives to the unproductive. My motivation to work and to provide jobs will be destroyed, and with it, so will your opportunities. If that happens, you can find me in the Caribbean sitting on the beach, under a palm tree, retired, and with no employees to worry about.

Signed, your boss,

David Siegel

… expert commentary … skip it — David Siegel puts it pretty damn well all  by himself ! …

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