https://theweek.com/articles/975735/janet-yellens-proposal-revolutionize-corporate-taxation My counter-offer to Yellin is zero corporate tax rates. -- John Larkin Highland Technology, Inc The best designs are necessarily accidental.
OT Tax Rant
Started by ●April 6, 2021
Reply by ●April 6, 20212021-04-06
On 4/6/2021 11:38 AM, jlarkin@highlandsniptechnology.com wrote:> > https://theweek.com/articles/975735/janet-yellens-proposal-revolutionize-corporate-taxation > > My counter-offer to Yellin is zero corporate tax rates. > > >No fooling? I thought you were gonna propose 8%. I've heard it argued "Conservative voices are repressed" but does anyone who knows they're alive not know what they think about things? Did I miss some novel information, somewhere.
Reply by ●April 6, 20212021-04-06
jlarkin@highlandsniptechnology.com wrote:> > https://theweek.com/articles/975735/janet-yellens-proposal-revolutionize-corporate-taxation > > My counter-offer to Yellin is zero corporate tax rates.Why not reincorporate as an LLC? Cheers Phil Hobbs -- Dr Philip C D Hobbs Principal Consultant ElectroOptical Innovations LLC / Hobbs ElectroOptics Optics, Electro-optics, Photonics, Analog Electronics Briarcliff Manor NY 10510 http://electrooptical.net http://hobbs-eo.com
Reply by ●April 6, 20212021-04-06
Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote in news:7ff76f0d-bacd-de94-8559-e8cc0a499618@electrooptical.net:> jlarkin@highlandsniptechnology.com wrote: >> >> https://theweek.com/articles/975735/janet-yellens-proposal-revolut >> ionize-corporate-taxation >> >> My counter-offer to Yellin is zero corporate tax rates. > > Why not reincorporate as an LLC? > > Cheers > > Phil Hobbs >That would certainly limit his liabilities.
Reply by ●April 6, 20212021-04-06
On 4/6/2021 12:12 PM, DecadentLinuxUserNumeroUno@decadence.org wrote:> Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote in > news:7ff76f0d-bacd-de94-8559-e8cc0a499618@electrooptical.net: > >> jlarkin@highlandsniptechnology.com wrote: >>> >>> https://theweek.com/articles/975735/janet-yellens-proposal-revolut >>> ionize-corporate-taxation >>> >>> My counter-offer to Yellin is zero corporate tax rates. >> >> Why not reincorporate as an LLC? >> >> Cheers >> >> Phil Hobbs >> > > That would certainly limit his liabilities. >My first reaction to the text of a large number of contract work solicitations/proposals I see by Somecompany, LLC is "Well I see why they're limiting their liabilities."
Reply by ●April 6, 20212021-04-06
On 2021/04/06 8:38 a.m., jlarkin@highlandsniptechnology.com wrote:> > https://theweek.com/articles/975735/janet-yellens-proposal-revolutionize-corporate-taxation > > My counter-offer to Yellin is zero corporate tax rates. >You want zero corporate taxes, then be willing to lose all legal corporate protections. You do realize that a lot of government is devoted to supporting the corporations, protecting them with copyrights, ensuring the legal fiction of a corporation having a 'person' status, trademark protection, import controls, clean up after companies go bankrupt and leave a toxic mess behind... Can't have your cake and all that! John :-#)# PS, my businesses are incorporated
Reply by ●April 6, 20212021-04-06
On 4/6/2021 12:36 PM, John Robertson wrote:> > On 2021/04/06 8:38 a.m., jlarkin@highlandsniptechnology.com wrote: >> >> https://theweek.com/articles/975735/janet-yellens-proposal-revolutionize-corporate-taxation >> >> >> My counter-offer to Yellin is zero corporate tax rates. >> > > You want zero corporate taxes, then be willing to lose all legal > corporate protections. You do realize that a lot of government is > devoted to supporting the corporations, protecting them with copyrights, > ensuring the legal fiction of a corporation having a 'person' status, > trademark protection, import controls, clean up after companies go > bankrupt and leave a toxic mess behind... > > Can't have your cake and all that! > > John :-#)# > PS, my businesses are incorporatedEliminate all genders, all races, all classes, all governments, everywhere. Mr. Larkin is on the path he just hasn't followed it to its logical conclusion...
Reply by ●April 6, 20212021-04-06
On Tue, 6 Apr 2021 12:03:47 -0400, Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:>jlarkin@highlandsniptechnology.com wrote: >> >> https://theweek.com/articles/975735/janet-yellens-proposal-revolutionize-corporate-taxation >> >> My counter-offer to Yellin is zero corporate tax rates. > >Why not reincorporate as an LLC? > >Cheers > >Phil HobbsThere are apparent tax advantages of being a C corp, according to my advisors. I don't deal with that stuff. 21% fed tax on corporate profits is not zero but pretty good. Instant depreciation is great. Good moves. -- John Larkin Highland Technology, Inc The best designs are necessarily accidental.
Reply by ●April 6, 20212021-04-06
On Tue, 6 Apr 2021 16:12:19 +0000 (UTC), DecadentLinuxUserNumeroUno@decadence.org wrote:>Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote in >news:7ff76f0d-bacd-de94-8559-e8cc0a499618@electrooptical.net: > >> jlarkin@highlandsniptechnology.com wrote: >>> >>> https://theweek.com/articles/975735/janet-yellens-proposal-revolut >>> ionize-corporate-taxation >>> >>> My counter-offer to Yellin is zero corporate tax rates. >> >> Why not reincorporate as an LLC? >> >> Cheers >> >> Phil Hobbs >> > > That would certainly limit his liabilities.A C corp protects shareholders from corporate liabilities. -- John Larkin Highland Technology, Inc The best designs are necessarily accidental.
Reply by ●April 6, 20212021-04-06
On Tue, 6 Apr 2021 09:36:46 -0700, John Robertson <spam@flippers.com> wrote:> >On 2021/04/06 8:38 a.m., jlarkin@highlandsniptechnology.com wrote: >> >> https://theweek.com/articles/975735/janet-yellens-proposal-revolutionize-corporate-taxation >> >> My counter-offer to Yellin is zero corporate tax rates. >> > >You want zero corporate taxes, then be willing to lose all legal >corporate protections. You do realize that a lot of government is >devoted to supporting the corporations, protecting them with copyrights, >ensuring the legal fiction of a corporation having a 'person' status, >trademark protection, import controls, clean up after companies go >bankrupt and leave a toxic mess behind... > >Can't have your cake and all that! > >John :-#)# >PS, my businesses are incorporatedThe greater good of the population should be the goal of government. Companies create jobs and stuff, but don't consume for pleasure; people do that. If we had no corp taxes but taxed people, we'd have more industries and jobs here and *more* tax revenue. A national sales tax would be better than a corporate tax. That way, Chinese products would be taxed the same as domestic ones. The Yellin thing is an expression of governments wanting absolute power over everything, and not wanting to compete for industries and jobs. I don't think it will work; all the industries would flock to a few holdouts; and the reactions would be huge tariffs. It would be a mess. -- John Larkin Highland Technology, Inc The best designs are necessarily accidental.