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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Thomas A Watson who wrote (407148)	5/19/2003 6:31:11 PM
From: Cogito	Read Replies (1) \| Respond to of 769670

>>Allen, all products sold are taxed where they are sold. If I buy a product manufactured in New York in New Hampshire I pay no taxes to New York. But the who earned wages making in the US paid income taxes in the US. And property taxes were paid to the local where they were manufactured. And any products sold in America generate taxable income in America. Any individual can if a foreign country lets them become a citizen of that country and renounce the citizenship of the US and then they would be treated the same as that company. "corporations are given rights transcending those of individual citizens." IS IDIOTIC. And Allen, stop lying about what I said. You are clearly to stupid to understand simple english.<< Thomas - I'll start with your last paragraph. Here's the statement you made: "If you generate income from a product created here and sell it anywhere it is taxed." Message 18839740 I was talking about income taxes. That sentence clearly refers to income taxes. You keep clouding the issue by bringing up sales taxes. If a business based in New York makes products in New York and then generates revenues by selling those products in New Hampshire, the business pays taxes on the INCOME from those sales in New York. Right? If a company based in the United States makes products and sells those products overseas, that company will pay taxes on that sales income in the U.S. as well, unless they file papers claiming to be a foreign corporation. If they open a P.O. Box in Bermuda and file some papers, they can keep doing business in exactly the same way and exactly the same place, but they will no longer be liable for U.S. taxes on income from exports. If an individual U.S. citizen lives overseas and earns money overseas, the individual will pay U.S. taxes on that income. If a U.S. citizen makes a product here and sells it to people overseas, that citizen will be expected to pay taxes on the income from those sales. If a citizen of Bermuda (for example) lives in the U.S. and has a U.S. work permit, he or she will pay U.S. income taxes. If that Bermudan makes products here in the U.S. and sells them abroad, he or she is legally obligated to pay taxes on the income from those sales. The corporation can do things the individual can't do under our tax law. The examples I just gave clearly demonstrate that. That's why I say that corporation are given rights transcending those of individual citizens. Your example of an individual renouncing U.S. citizenship doesn't work. Tyco is still based in the U.S., still derives all the benefits and protections of the U.S. government for its factories and workers here. It hasn't renounced anything on the benefit side. As a great President once said, "There can be no effective control of corporations while their political activity remains." I guess many people on this thread would call a person who said that a "Marxist/Leninist" or a "leftist." In fact, the statement was made Teddy Roosevelt. He presided over the government at a time when numerous laws were passed restricting the political involvement of corporations. It's unfortunate that our current government doesn't share his views. - Allen