[Vision2020] Speaking of Chutzpah . . .

[Jay Borden]

Revenue would come from individuals who can now pay taxes on their income, multiplied by the number of new jobs created.

I own two small businesses based here in Moscow.

Between these two businesses, I shall pay shy of six figures worth of taxes to the state and federal government in the coming year.  These are not sales taxes... (those are paid for by my customers).  These are taxes on my business EARNINGS.

If my federal corporate tax rates were dropped to ZERO (even still leaving me with my state sales tax), I would hire 1.5 bodies TOMORROW.

You can waste your time assuming that "corporations" automatically translate to "mega-goliaths" and sneer and debate who our next overlords might be, and you can feel free to blame any political party that you want... 

OR... you can take a moment and try to grasp that small-businesses provide the VAST MAJORITY of jobs in this nation... and it starts RIGHT HERE...

My effective tax rate (with state and federal taxes) on my corporate earnings is north of 40%... If I could wipe the majority of that expense off my books, I would plunk it down into LABOR.  PERIOD.


I don’t need links or "peer-reviewed" data for this one... 


Jay



-----Original Message-----
From: vision2020-bounces at moscow.com [mailto:vision2020-bounces at moscow.com] On Behalf Of deb
Sent: Thursday, September 15, 2011 7:46 PM
To: Tom Hansen; Moscow Vision 2020
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
>
>
>
> =======================================================
> List services made available by First Step Internet,
> serving the communities of the Palouse since 1994.
>               http://www.fsr.net
>          mailto:Vision2020 at moscow.com
> ======================================================= 

=======================================================
 List services made available by First Step Internet,
 serving the communities of the Palouse since 1994.
               http://www.fsr.net
          mailto:Vision2020 at moscow.com
=======================================================