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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (686289)	11/27/2012 9:07:09 PM
From: longnshort	Respond to of 1583410

'Another is that a fair number of those corporations paying dividends don't pay income taxes themselves because of various writeoffs. So if the money is not subject to income tax, then why is it double taxation?" what bullshit, no one buys your crap

To: combjelly who wrote (686289)	11/27/2012 9:27:41 PM
From: Tenchusatsu	1 Recommendation Read Replies (1) \| Respond to of 1583410

CJ, Say I run a small business. I sell goods and services, some of which may be subject to sales taxes. However, pretty much every dollar that comes in has been subject to income tax. Should I have to pay income tax also? How does that relate? Of course you have to pay income tax on the part of the revenue you keep for yourself, but not the part that goes back into the business. That has nothing to do with the double taxation of dividends, which should be taxed one time as income to the part owner of the public corporation. Unfortunately, it is taxed twice. Another is that a fair number of those corporations paying dividends don't pay income taxes themselves because of various writeoffs. Again, that is irrelevant. The writeoffs have nothing to do with paying dividends or the taxation thereof. Tenchusatsu

To: combjelly who wrote (686289)	11/30/2012 5:19:35 PM
From: i-node	Read Replies (1) \| Respond to of 1583410

>> That is because the double taxation thing is nonsense. Say I run a small business. I sell goods and services, some of which may be subject to sales taxes. However, pretty much every dollar that comes in has been subject to income tax. Should I have to pay income tax also? You're conveniently ignoring the fact that these are two different taxes levied by two different jurisdictions on two entirely different, unrelated tax bases; much as property taxes versus income taxes. >> Another is that a fair number of those corporations paying dividends don't pay income taxes themselves because of various writeoffs. This, of course, is not correct. A C Corporation paying dividends with money that hasn't been taxed is returning capital -- effectively, a forced sale of the shareholder's stock. While paying dividends from paid-in capital is never allowed, paying taxes from untaxed retained earnings is not a dividend, for federal tax purposes.