[Vision2020] Speaking of Chutzpah . . .

[Ron Force]

"Revenue from the corporate income tax fell from between 5 and 6 percent of GDP in the early 1950s to 2.1 percent of GDP in 2008."
Tax Policy Center  http://www.taxpolicycenter.org/briefing-book/background/numbers/revenue.cfm

 
Ron Force
Moscow Idaho USA


________________________________
From: deb <debismith at moscow.com>
To: Tom Hansen <thansen at moscow.com>; Moscow Vision 2020 <vision2020 at moscow.com>
Sent: Tuesday, September 13, 2011 4:32 PM
Subject: Re: [Vision2020] Speaking of Chutzpah . . .

OOOHKAAAY. And revenue comes from who? Since the corporations are now the sole (soul?) owners of everything in the US, and fund all our politicians, how exactly does this make us different from nations which are basically owned by the rich and get income from the labor of the poor? We have already become a second nation, this crap would make us third world ready. I suppose it was inevitable, given the history of "free" nations and their eventual take-over by the wealthy. Just want to know who our "Royalty" will be...Bush Family? MegaCorp Sons of the New Biz Order? It could be fun projecting who our new overlords might be.....might be the ONLY fun for a very long time....
Debi Robinson-Smith


----- Original Message ----- From: "Tom Hansen" <thansen at moscow.com>
To: "Moscow Vision 2020" <vision2020 at moscow.com>
Sent: Thursday, September 15, 2011 7:32 PM
Subject: [Vision2020] Speaking of Chutzpah . . .


> Rep. Louie Gohmert (R-TX) introduced . . . to the House of Representatives today . . . his own "Americans Jobs Act of 2011".
> 
> The entire two-page text of this bill . . .
> 
> ------------------------------
> 
> A BILL To amend the Internal Revenue Code of 1986 to repeal the corporate income tax.
> Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
> 
> SECTION 1. SHORT TITLE.
> This Act may be cited as the ‘‘American Jobs Act of 2011’’.
> 
> SEC. 2. REPEAL OF CORPORATE INCOME TAX.
> 
> (a) IN GENERAL.—Subsection (b) of section 11 of the Internal Revenue Code of 1986 is amended to read as follows:
> 
> (b) "AMOUNT OF TAX.—The amount of the tax imposed by subsection (a) shall be zero percent of taxable income.’’.
> 
> (b) REPEAL OF ALTERNATIVE MINIMUM TAX FOR CORPORATIONS.—Subparagraph (B) of section 55(b)(1) of such Code is amended to read as follows:
> 
> (B) CORPORATIONS.—In the case of a corporation, the tentative minimum tax for the taxable year is zero.’’.
> 
> (c) CONFORMING AMENDMENTS.— (1) Paragraphs (1) and (2) of section 1445(e)
> of such Code are each amended by striking ‘‘35 percent’’ and inserting ‘‘0 percent’’.
> 
> (2) Subparagraph (A) of section 7518(g)(6) of such Code is amended by striking ‘‘34 percent’’ and inserting ‘‘0 percent’’.
> 
> (3) Paragraph (2) of section 53511(f) of title 46, United States Code, is mended by striking ‘‘34 percent’’ and inserting ‘‘0 percent’’.
> 
> (d) EFFECTIVE DATE.—The amendments made by section shall apply to taxable years beginning after this December 31, 2011, except that the amendments made by subsection (c) shall take effect on such date.
> 
> --------
> 
> PDF copy of "American Jobs Act of 2011’’
> http://gohmert.house.gov/UploadedFiles/Gohmert_American_Jobs_Act.pdf
> 
> ------------------------------
> 
> So, Rep. Gohmert's idea to increase employment is to eliminate corporate income tax.
> 
> Hmmm.
> 
> Seeya round town, Moscow.
> 
> Tom Hansen
> Moscow, Idaho
> 
> "When all is said and done, have you done or said enough?  Have you just gone along for the ride, or have you steered destiny's hotrod?  When you leave this world, did you make it any better than it was when you arrived? All you need is all you've got: your wits and the clothes on your back. Your epitaph is yours to earn.  Your legacy is yours to make."
> 
> - Author Unknown
> 
> 
> 
> =======================================================
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>          mailto:Vision2020 at moscow.com
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