Ya, Kent, I looked it up on the net back in 66. Also I have not said taxes don't benefit us. What I said is: "corporations don't pay taxes, they collect taxes".
Obviously, you do not think I am very smart. That is OK. I know you are stupid, because your responses are always off the point of the post you are commenting on, and you respond to simple facts with opinionated drivil. --graywolf ------------------------------------------------- The optimist's cup is half full, The pessimist's is half empty, The wise man enjoys his drink. ----- Original Message ----- From: Kent Gittings <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Monday, November 26, 2001 10:47 AM Subject: RE: Taxes (Re: Depreciation of assets) > As usual anybody can make up any statistics they like to further their own > agenda. And nobody is "hiding" it from you if you can find most of it out on > the Net. The true figure is closer to 48% or so. Remember when you buy some > foreign made product like a Pentax camera you are not buying against out GNP > but against theirs or our trade surplus/deficit. > And when you pay a tax for some kind of service you either get or > potentially get for free if you use it counts against the total tax > percentage because you are receiving the equivalent of a cash payment you > would have had to pay for out of your own pocket prior to most of the last > century. > Kent Gittings > > -----Original Message----- > From: [EMAIL PROTECTED] > [mailto:[EMAIL PROTECTED]]On Behalf Of Tom Rittenhouse > Sent: Sunday, November 25, 2001 8:45 PM > To: Pentax Discussion Malling List; Bob Blakely > Subject: Taxes (Re: Depreciation of assets) > > > You are correct! I am curious, Bob, how did you figure this out? > > It is the big secret we are not supposed to know. > > I figured it out back in the sixties when I did something unthinkable. I > found out as best I could what the taxes were in this country; federal, > state, and local (I am sure I missed some as that information is not in any > one place where it is easy to find). I compared those figures to the gross > national product for the year. That came out to 72%. That is of every dollar > spent in the US in 1966, 72 cents was taxes. How could that be? > > I thought about it for awhile and finally realized that we had to be paying > taxes no one told us about. Some further thought told me that the final > consumer of any product pays every cent of tax collected on that product. > For instance; when you buy a loaf of bread you pay the seed sale's peoples > tax on it, you pay the farmer's tax on it, you pay the flour mill's tax on > it, you pay the baker's tax on it, you pay the store's tax on it. Yes they > give the money to the government, but then they add it to the price of the > goods; so it is passed on down to the guy who eats the bread. All those > business are tax collectors not tax payers. Let me repeat that for those who > didn't understand. > > CORPORATIONS ARE NOT TAX PAYERS, THEY ARE TAX COLLECTORS, . > > > --graywolf > ------------------------------------------------- > The optimist's cup is half full, > The pessimist's is half empty, > The wise man enjoys his drink. > > > ----- Original Message ----- > From: Bob Blakely <[EMAIL PROTECTED]> > To: <[EMAIL PROTECTED]> > Sent: Sunday, November 25, 2001 11:58 AM > Subject: Re: Depreciation of assets > > > > Ignorance concerning taxes is appalling. Harboring the idea that > > corporations actually pay any taxes levied upon them shows lack of > critical > > thinking about the subject. All corporations require net net profit > (profit > > after taxes on net profit) in order to survive, design and build new > > products, modernize facilities, replace capital equipment (the costs of > > which are never fully covered by depreciation), pay for cost of money, pay > > rising costs associated with labor, etc. Taxes are an expense, like all > > other expenses of business, that _must_ be passed on to customers through > > higher prices. Unlike the US income tax, this passed on tax is not > > progressive. The poor pay the same corporate tax (in dollars) on a can of > > beans that the rich do. When you buy a product, any product, (can of > beans?) > > you may think that the only tax you pay is the sales tax. Wrong! You pay a > > portion of the corporate taxes of the company that produced it; the > company > > that advertised it, the various companies that supplied the materials that > > produced it, the company that shipped it to the store where you bought it, > > the company that produced the gasoline that you used driving to the store. > > All wealth comes from production. Who does the producing? You do. The > > workers in the company do. Taxes are an exaction from the production of > > individuals. The government has simply instituted a way of exacting taxes > > from you, from your production, without your daily conscious awareness of > > it. > > > > Corporations raise capital to build and expand business by selling stock. > > This stock is bought and sold based on investors expectations on the > ability > > of the company to grow. This growth provides the primary source of funds > for > > various forms or retirement for individuals, whether through individual > > accounts or through corporate pensions or through savings. > > > > No, I'm not a rich man or corporate executive. I'm just a common working > man > > like many of you. I'm just aware of who really pays what and who really is > > hurt by what taxes. > > > > Regards, > > Bob... > > -------------------- > > "Let us contemplate our forefathers, and posterity, > > and resolve to maintain the rights bequeathed to us > > from the former, for the sake of the latter. > > The necessity of the times, more than ever, calls > > for our utmost circumspection, deliberation, fortitude, > > and perseverance. Let us remember that 'if we > > suffer tamely a lawless attack upon our liberty, > > we encourage it, and involve others in our doom.' > > It is a very serious consideration that millions yet > > unborn may be the miserable sharers of the event." > > - Samuel Adams, 1771 > > > > > Frantisek Vlcek wrote: > > > > > > > Awful! Look at a better model: in Vietnam, AFAIK, taxes are not > > > > extracted from individuals but from corporations. To NOT tax > > > > corporations is just awful. The simple most externality producing > > > > entity, a big corporation, doesn't pay for the externalities it > > > > produces. That's immoral. > > - > > This message is from the Pentax-Discuss Mail List. To unsubscribe, > > go to http://www.pdml.net and follow the directions. Don't forget to > > visit the Pentax Users' Gallery at http://pug.komkon.org . > - > This message is from the Pentax-Discuss Mail List. To unsubscribe, > go to http://www.pdml.net and follow the directions. Don't forget to > visit the Pentax Users' Gallery at http://pug.komkon.org . > > > > ********************************************************************** > This email and any files transmitted with it are confidential and > intended solely for the use of the individual or entity to whom they > are addressed. If you have received this email in error please notify > the system manager. > > This footnote also confirms that this email message has been swept by > MIMEsweeper for the presence of computer viruses. > > www.mimesweeper.com > ********************************************************************** > - > This message is from the Pentax-Discuss Mail List. To unsubscribe, > go to http://www.pdml.net and follow the directions. Don't forget to > visit the Pentax Users' Gallery at http://pug.komkon.org . - This message is from the Pentax-Discuss Mail List. To unsubscribe, go to http://www.pdml.net and follow the directions. 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