Catch up on stories from the past week (and beyond) at the Slashdot story archive

 



Forgot your password?
typodupeerror
×

Comment Re:A tax break isn't s subsidy (Score 1) 356

You have that exactly backwards. Taxes are all ultimately paid by people, because only people actually produce or consume.

I could be sitting here growing my food, cutting firewood by hand for heat and consuming everything I produce and (disregarding property taxes) not pay any tax.
As soon as I go to work for someone or start selling my produce then I pay tax It is from business (mine or someone elses) that starts the tax process

Of course on the plus side, we can all incorporate and reduce our tax burden.

Wouldn't work. Any money you take out of the corporation to live on, or any money the corporation spends on you (housing, vehicle, food, etc.) is personal income, and would be taxed as such. About the only thing you could achieve this way is to defer taxes on savings. But they'd still get taxed eventually.

Even without being incorporated I can write off a lot of living expenses. My vehicle that is used 80% for business is a partial write off and I can still stop at the store while doing business. House also includes a home office which is also a tax write off. Could also be eating at restaurants while entertaining clients and write off a lot of food. Being a business currently means being able to pay myself less then if I was a worker and if profits were not taxable I'm sure that ways to spread out the pay could be found. eg Instead of supporting my wife and child, they could live off the dividends that I pay out from my profit putting all of us in lower tax brackets.
The truth is that there are no simple answers about whether people or businesses pay tax and both people and businesses benefit from taxes, or at least what the taxes pay for.
 

Comment Re:A tax break isn't s subsidy (Score 1) 356

The problem with corporate taxes is that although they are inevitably paid by the people -- in the form of higher prices to consumers, lower wages to employees and reduced return for investors

Actually corporate taxes result in higher wages as they are a write off for the company and reducing the corporate tax to zero would mean less incentive to pay high wages as those wages can be profits instead.
With lower wages and higher taxes on consumers the company is going to lose revenue as people won't have money to spend, remember that taxes on consumers is always paid by employers in one way or another.
And increasing return for investors in the world of high taxes on everyone but businesses will mean that those investors end up with less money after paying the taxes the company no longer does.
Of course on the plus side, we can all incorporate and reduce our tax burden.

Comment Re: We the taxayer get screwed. (Score 1, Informative) 356

Right now, in America, the bottom 50% pay NOTHING in the federal taxes.

I don't know much about America, probably just borrows or prints money to make up for tax shortages. In Canada the way it works is we get low income taxes but the governments , both federal and provincial, make up the tax shortages by having large other taxes and fees, eg gas tax, unemployment payments, pension plan payments and numerous fees that are mostly capped so someone making $70,000 and someone making anything higher pays the same and all the excess money brought in goes into general revenue (and unemployment benefits have been clawed right back even with the huge surplus). It actually works out to the poor paying a larger percent of their income to the government then the wealthy when federal and provincial government taxes/fees are taken into account, at least here in BC.

Comment Re:Fixed it for you (Score 1) 413

Every tax and fee government imposes on customers is passed on to business.
Both are equally true, business passes costs onto customers and customers with high costs don't have anything left for business.
There are exceptions such as costs that can be written off by business which are used to stop new not yet profitable businesses from entering the market. Taxes on employees is a good example, employee pay is a write-off for a business as long as they are profitable, if not profitable then they are a pure cost. This is why big business pushes the meme that it is better to tax people then business, slow down competition from starting.
The best thing for costumers is usually more competition, the best thing for businesses is less competition.

Comment Re:It only increases accountability (Score 1) 294

Ultimately, the engineer is responsible for the safety of the passengers

Actually a lot of that responsibility is on the conductor and in this case possibly both. Duties of the conductor include,
* Making sure the train stays on schedule
* Ensuring the train follows applicable safety rules and practices
* Jointly coordinate with the engineer and dispatcher the train's movement authority, and verifying this authority is not exceeded
* Be alert to wayside signals, switch position, and other conditions that affect safe train movement
The engineers responsibilities include
* Their duties require that they control acceleration, braking and handling of the train underway.
* They must know the physical characteristics of the railroad, including passenger stations, the incline and decline of the right-of-way and speed limits.
(Above from wiki, https://en.wikipedia.org/wiki/... https://en.wikipedia.org/wiki/... )
So two people in the cab and both responsible with the conductor managing and the engineer operating.

Comment Re: This isn't a question (Score 1) 623

Yea, my memory and posting when drinking. it was actually 14yr old so old enough for consent (at the time), the case was in the BC Supreme court and was more of a reference case on the Constitutionality of Canada's polygamy laws.
The real problem is/was getting enough evidence to prosecute for sexual abuse. To quote the special prosecutor,

On August 1, 2007, Richard Peck concluded that there isn't enough evidence to charge the group with sexual abuse or exploitation charges as it has been extraordinarily difficult to find victims willing to testify and the defendants are likely to claim "religious freedom" as a defence.

Comment Re:Inflation is *good* (Score 1) 743

While officially inflation is very low, unofficially, at least here in Canada, food is projected to increase another 12% (produce 22%) and has been going up steadily for a while. Gas is almost back to the same price as before the oil crash. Housing is also going up very fast, electricity doubling, even my cell phone just went up 50%. Bank fees are also going up with fees to pay the mortgage recently introduced. Toys and things that only the well off can buy are going down.

Comment Re:To be more precise, Amazon will collect on taxe (Score 1) 243

Aren't you being backwards? Personal taxes often come from corporations, if the personal tax rate goes up, then corporations will need to pay more to employees to maintain the same take home pay and not only that but startups, smaller businesses and such will be hit harder as payroll has to be paid whether a company is profitable or not while taxes on profit only has to be paid if the corporation is successful.
The idea that it is better to not tax corporate profits is a lie pushed by big corporations to stop competition from forming and lack of competition leads to higher prices and worse product. If Amazon one day was the only online seller of goods, they could jack up their prices secure in the knowledge that no-one else can afford to enter their business due to payrolls being so high as only personal taxes would have to pay for everything including the infrastructure that Amazon depends on to do business.

Slashdot Top Deals

"The four building blocks of the universe are fire, water, gravel and vinyl." -- Dave Barry

Working...