Mike Luckovich by Mike Luckovich

Mike Luckovich

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  1. DavidInMaine

    DavidInMaine said, about 17 hours ago

    #boycottburgerking

  2. shellusa

    shellusa said, about 17 hours ago

    @DavidInMaine

    Why?

  3. Mephistopholes

    Mephistopholes GoComics PRO Member said, about 17 hours ago

    @DavidInMaine – If a Canadian Fast Food Company set up shop in your town – Would you not eat there? Or if Tim Hortons set up a Coffee and Doughnut shop down the street from you would you drive another mile to make sure you were buying from an American company?

    Corporations are free to move around the globe to seek the best economic environment for themselves. I can’t remember the last time I ate at BK but I don’t eat much fast food and I certainly wouldn’t avoid them for making good economic decisions.

    In fact, from a consumer standpoint, I’m liable to give them a try because I should be able to get more for my money.

    I have Always argued that Corporations shouldn’t be required to pay taxes. They should be required to disperse a certain percentage of their earnings to their shareholders in the form of dividends which can then be taxed through the personal income tax.

    An even better solution would involve doing away with the personal income tax and going with a VAT tax or sales tax. Then everyone pays: Corporations, citizens, currently tax free groups.

    The government does perform necessary services and needs to be funded. But the hodgepodge of rules and gimmees built in to the current tax code make it anything but fair.

  4. ODon

    ODon said, about 16 hours ago

    Canada-Universal Healhcare-Lower Tax Bite

  5. DaSharkie

    DaSharkie GoComics PRO Member said, about 16 hours ago

    @Mephistopholes

    “An even better solution would involve doing away with the personal income tax and going with a VAT tax or sales tax.”

    Couldn’t agree more. The only exemption would be on raw foods and clothing items under, say, $150 to cover for “necessities.”
    But then there would be no special deductions for any special interest groups. Just a flat rate.

    We could eliminate THOUSANDS of government employees (by getting rid of the IRS) and you know that will never be allowed to happen.

    Besides, the sales tax idea would not be “fair” to everyone and “disproportionately affect the poor.”

    But having a 70,000+ page tax code that even the IRS cannot understand makes sense.

  6. DaSharkie

    DaSharkie GoComics PRO Member said, about 16 hours ago

    @ODon

    lower CORPORATE tax rate. The United States has just about the highest marginal tax rate for corporations in the world. No wonder many companies have moved overseas. They save millions upon millions every year.

    No different than a person choosing to live in a different state that has lower taxation rates.

  7. DaSharkie

    DaSharkie GoComics PRO Member said, about 16 hours ago

    Funny thing about this deal. Warren Buffet is helping to finance it. You remember Warren Buffet don’t you? Supporter of President Obama. He was telling us last year that we need to pay more in taxes, that the rich should pay more, and even a few months ago was saying that companies should not be moving overseas to save money. Funny how that old hypocrisy works for the left. (not that the right has any less hypocrisy.)
    http://www.businessinsider.com/warren-buffett-helps-finance-burger-kings-tim-hortons-takeover-2014-8
    http://money.cnn.com/video/news/2014/08/26/warren-buffett-tax-inversion-crazy-way-out-of-hand.cnnmoney/

  8. Cerabooge

    Cerabooge said, about 16 hours ago

    DaSharkie: Yes. MARGINAL. The thousands of pages of loopholes means some of the largest companies in the world pay a ridiculously tiny portion of their income in taxes. But that doesn’t fit in with your corporate tool philosophy, does it?

  9. Cerabooge

    Cerabooge said, about 16 hours ago

    Mephistopholes: a VAT tax is a great idea. Let’s start with carbon. When the oil companies take it out of the ground, or coal companies blast away entire mountains, tax it right there.

  10. DaSharkie

    DaSharkie GoComics PRO Member said, about 15 hours ago

    @Cerabooge

    Nope. Just put a flat tax on your income – corporate or personal. No exemptions. No deductions.

    No deductions for even our mortgages, child care, etc.., You pay X rate on your income, no matter what.

    Quite simple actually. My accountant’s demeanor changed when I mentioned that to him one year.

  11. Balto Bill

    Balto Bill said, about 15 hours ago

    @DaSharkie

    “No different than a person choosing to live in a different state that has lower taxation rates”.
    Where they have to buy new tires for their cars every year because of all the bad roads.
    TEHO.

  12. tiredofit

    tiredofit said, about 15 hours ago

    @Mephistopholes

    The issue is that they are not changing their business or moving around the globe. All they are doing is changing an address on a piece of paper in order to reduce their tax burden.

    They will continue to take advantage of the resources American tax payers provide, including an educated workforce, roads, police, banking protections, copyright protections, food inspection, safe streets, border patrols, clean and easily accessed water, etc., etc., etc.

    But they won’t be paying for it, because they changed an address on a piece of paper. Their stores will still be here, their business will still be here, their employees will still be here, their executives will still be here — but you’ll be paying for it out of your taxes while they’ll be freeloading.

    That’s why it’s slimy. And that’s why I won’t eat at BK ever again if they do it.

  13. SuperMax52

    SuperMax52 said, about 15 hours ago

    Less idiots running the government there.

  14. tiredofit

    tiredofit said, about 15 hours ago

    @DaSharkie

    No, the US does not have the highest MARGINAL tax rate for corporations in the world. The marginal tax rate is how much you pay on each additional dollar of income, so it relates to tax brackets and not a set rate.

    What the US does have is a high corporate tax rate compared to other countries, but when you factor in subsidies, tax breaks, etc. our taxes aren’t out of whack. It’s just that our tax code is unfair because it advantages some businesses over others, and some markets over others.

    Here’s a link to more than two dozen profitable companies that paid no taxes from 200 8 to 2012. http://www.huffingtonpost.com/2014/02/25/corporation-tax-rate_n_4855763.html

  15. Mephistopholes

    Mephistopholes GoComics PRO Member said, about 15 hours ago

    @tiredofit – Perhaps you don’t understand how corporations work.

    Corporations companies owned by shareholders. When the corporation does well i.e. earnings exceed expenses INCLUDING TAX – That corporation distributes the money earned to the shareholder in the form of dividends. Those dividends are taxable.

    Currently, we charge investors a flat fee of 15% on dividend earnings because we recognize that the money was already taxed once at the corporate level.

    Don’t eat at burger king – Go ahead – Fast food isn’t good for you and you will be healthier for it. But don’t do it out of some misguided idea that Burger king or Any Internationally owned company is somehow getting a free ride: They pay property taxes, sales taxes, Social Security and Medicare taxes for each of their employees, business fees to local governments etc.

    We all agree that the Government needs to be funded. But it is wrong to expect the owners of companies to pay a disproportionate share of the cost. And we, America, will continue to lose companies if we think we can put off taxing the average American citizen by foisting the cost onto corporations. They will continue to flee the country.

    We need a simple tax code that doesn’t hand out gimmees to every politicially connected group.

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