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Comment Re:Not the only strategy (Score 1) 324

Right. Just the other day the Motley Fool published effective tax rates. That takes into account not just federal taxes but aveerage state/provincial tales and other tax-related burdens that actually get paid in real life by actual companies doing actual business in all the countries they list. The effective rate for businesses in the US is 40%. The second highest, behind only the UAE.

Comment Philosophy Major here (Score 1) 392

I was a philosophy major as an undergrad, have a Masters in Theological Studies, and a PhD in New Testament, and pastored a couple of churches along the way (part time.)

I've been working in IT continuously since the mid 90's (part-time when I was working on the PhD), and am presently employed by a Major Telecommunications Company as a senior architect. I make very good money, and when I left another Major Telecom Company in March, after 15 years, I had 15 inquiries just by posting to Facebook. The other day, I had a recruiter from Amazon practically beg me to come interview (they lost out in March due to being too slow to arrange an on-site interview.)

The degree doesn't matter. The skills matter. If anything, my broad background sets me apart from the pack. But only because I've got the skills.

Comment Re:Tax? (Score 1) 324

Yes but at a lower rate. Investment income is taxed lower than standard wages.

Right. Usually, that's because:

1) We want people to risk their money making investments to start and grow businesses. That creates economic activity, which is taxed.

2) If the person risking their money on such an investment loses it (as most do - most new businesses fail), they do NOT get to write that loss off on their own income taxes. It's just gone, goodbye. 3) The lower rates only apply if you let the investment site for a good long time. Those who throw money in and yank it back up pay a much higher rate.

businesses and the people who profit from them

Employees ARE people who profit from a business. In fact employees account for the vast majority of the outbound cash that most businesses spend. And its taxed at normal payroll rates. And the taxes levied on the money those people are getting out of the company are a big part of what pays for the public infrastructure that they (as the people who are making money daily in the business) use. Why do you think that city, county, state, and federal programs to encourage business presence and growth aren't hesitant to wave, for some period of time, taxes charged directly to the business? It's because the net result of establishing that business in place and keeping it there is MUCH MORE TAX REVENUE - from all of the other activity and employment that results.

Comment Re:Tax? (Score 2) 324

Companies use infrastructure to deliver goods to their customers ... Companies benefit from local education systems to provide knowledgable people (arguably).

But the company doesn't do anything with the money except spend it on growing the company, or in compensation to employees and investors. When those investors or employees take money home from the company, it's taxed. And if those same people take that already taxed money and invest it that or another company, and it makes money, they get taxed again.

The company doesn't benefit from services and education, etc., the people WHO TAKE HOME THE MONEY do (at which point it's taxed). They other group that benefits are company's customers, who spend money (on which they've already paid other taxes) to buy goods or services from that company. And that means nothing until, again, somebody takes it home as pay (taxed) or dividends (taxed) or cashed out stocks (taxed).

The company's actual profits shouldn't be taxed because all that money does is sit there until somebody either spends it on the company as reinvestment (which isn't taxed anyway), or it gets turned over to somebody designated to receive it - at which point it IS taxed as income.

Comment Re:Not the only strategy (Score 4, Insightful) 324

It's a race to the bottom, my friend. You don't out-compete countries with less than a few million inhabitants and no significant social programs.

You mean, like Canada? It has a 26% rate, compared the US's 40% rate. Yeah, third-world hell holes like Canada always whore around with those low numbers, right?

Comment Not the only strategy (Score 4, Insightful) 324

There are other ways to generate more tax revenue from business operations in the US: quit making elsewhere so much more attractive. The US has the second highest effective business tax burden in the world (second only to the United Arab Emerates, which mostly taxes foreign oil operations). Gee, I wonder why businesses born in the US look to mitigate that in whatever ways the law allows. If the law no longer allows it, there will simply be more companies actually moving, entirely, to places with a lower burden. Then the government will still miss the revenue, and they'll miss all the tax revenue they're already getting on the income taxes levied on and other economic activity generated by all of the company's current domestic employees, partners, vendors, service providers, etc.

Comment A hundred times less? (Score 1) 67

Grrr.

Sure if thing A is inexpensive, then thing B which costs a fraction of that price might indeed be said to cost X times less. Implying that thing A is already less than some other option, and thing B is even MORE less.

But if thing A is very expensive (as in the example cited in TFA), thing B would be better described as being not a hundred times less ... but one hundredth the cost.

Comment Re:Great one more fail (Score 1) 600

And according to that same source, for 2012, there were 8,974,762 non-fatal accidental injuries from falls

Yes. And that's why building codes are being updated to reduce number of dangerous stairs, mandate friction strips on stairs and so on.

What are we doing about rampant gun violence? Ah yes, we're passing laws freeing gun manufacturers from ANY responsibility.

Comment Re:Renewable (Score 5, Insightful) 82

Using renewable energy to tap unrenewable energy... Seems not really enduring. Why not just use directly the renewable energy in first place?

Because oil isn't just used as energy, though it often is.

Petroleum is a miracle substance from the standpoint of its chemistry. It would be hard to imagine modern life without all the chemicals and materials petroleum makes possible.

Burning such a flexible, important substance as fuel is terribly foolish.

Comment Re:Do We Want Our Gov't to regulate the drones? (Score 1) 94

*twirls finger around head* cuckoo cuckoo... looks like the loonies are taking over slashdot lol

So, let's see ... the administration publishes a written interpretation of a law they don't like, and you think it's crazy to report that fact?

Obviously it's nothing new for the Obama administration to simply ignore statutory requirements (see his unilateral re-writing of features of the ACA entirely for political expediency), and this is simply another case of it. But what's interesting is that you are obviously either ignorant of their specific language in the new "interpretation" of the law in question, or you're well aware of the implications and are just doing your best to wish it away through childish ad hominem. Classic lefty sycophantism. Or, I'll just give you the benefit of the doubt, and tell you to go read their published intention to twist the law into an implementation that is 180 degrees opposite to its plain, so you can come back here and argue the details instead of stamping your feet like an eight year old girl.

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