2009-03-06, 19:18 | Link #361 |
Le fou, c'est moi
Join Date: Dec 2007
Location: Las Vegas, NV, USA
Age: 35
|
Clarification: not "just" loans. They're also the primary means by which the US federal reserve control the money supply in the market. Want more money all around they "sell" cheap want less they buy them back up.
My econ teacher once told us that there used be seminars during the Clinton era of what to do (zomg!) if the US government clears all its debts and there are no more bonds transactions for the Fed to manipulate the money supply on. Needless to say, their optimism and their concerns alike are thoroughly misplaced. |
2009-03-06, 22:15 | Link #364 |
Senior Member
Join Date: Feb 2009
Age: 35
|
The interest you earn from the bonds is not taxed, since I'm still a student, and I'm only studied managerial accounting I don't know if the sale of a bond is taxed but I believe it isn't because its basically an equivalent exchange of money. Its like giving an IOU, but the governemnt doesn't tax the interest.
|
2009-03-07, 02:29 | Link #365 | |
Obey the Darkly Cute ...
Author
Join Date: Dec 2005
Location: On the whole, I'd rather be in Kyoto ...
Age: 67
|
Quote:
Example (highly simplified) - 1) You *buy* a 10 year bond for $20000. 2) Wait 10 years. 3) You return the bond and they give you $22000 if it was a 10% simple interest (more if it was compound). 4) You've now got $2000 more dollars that won't be taxed as income. Naturally the bond-issuing entity has to actually come up with the money at some point. Typically they're issued for infrastructure or improvements to the community. The issuing entity figures their revenues will be enough to pay off bonds when they mature. So when the Chinese buy US bonds and notes, they're betting the US will be around and solvent enough to make good on those instruments when they mature.
__________________
|
|
2009-03-30, 23:41 | Link #366 |
Bittersweet Distractor
Join Date: Nov 2007
Age: 32
|
Obama practically fired the CEO of GM today, so all those people complaining about socialism might actually have something to start really backing up their statements. However, the CEO really did deserve to get fired...
__________________
|
2009-03-31, 00:10 | Link #367 |
Senior Member
Join Date: Jun 2008
|
Sources in the White House say the White House requested Wagoner resign. Since when does the White House decide who is entitled to run a company? I can't wait to hear the obamessiah's minions justification for this.
By the way, I think Wagoner was a part of the problem at GM, and he, among others, needed to go. But Obama has FAR exceeded his powers with this. I don't suppose he'll ask for the president of the UAW to step down. |
2009-03-31, 00:17 | Link #368 |
Obey the Darkly Cute ...
Author
Join Date: Dec 2005
Location: On the whole, I'd rather be in Kyoto ...
Age: 67
|
Um... since the government has basically taken GM into receivership, loaned them a few billion dollars and the executives simply went on with "business as usual". This is basically declaring GM bankrupt without saying so... they stopped being an independent company when they took the taxpayer's money (i.e. a majority stake in the company). A majority interest stockholder can always pull such triggers.
Last I checked the UAW wasn't bankrupt -- but its obvious if they don't also move faster, their leadership won't be around either. The only thing I question here is that it may have been cleaner to *let* these "too big to fail" companies go into bankruptcy -- but a regular bankruptcy would have been devastating to the economy far in excess of the immediate circle. This little drama is probably the best demonstration of why corporations should be limited in scope as they used to be.
__________________
|
2009-04-16, 20:29 | Link #369 | |
ひきこもりアイドル
IT Support
Join Date: Feb 2009
Location: Pennsylvania , United States
Age: 35
|
Found a article on Congress wanting to slap sales taxes on online shopping, which isn't very good news...
Quote:
__________________
|
|
2009-04-16, 22:01 | Link #370 | |
Senior Member
Join Date: Jul 2008
Location: PMB Headquarters
|
Quote:
|
|
2009-04-16, 22:08 | Link #371 | |
ひきこもりアイドル
IT Support
Join Date: Feb 2009
Location: Pennsylvania , United States
Age: 35
|
Quote:
I'm against the tax bill because government should not be taxing when the economy is in bad shape... it will just make people buy even less and online companies will get the hit because of less people are willing to buy online with a tax on it and the American people already paying alot in taxes already... it would only cause more outrage (If you read the news, there are already people protesting on high/unfair taxes). Currently, these online companies only pay their taxes on the revenue they pull in.
__________________
|
|
2009-04-17, 00:48 | Link #372 |
Observer/Bookman wannabe
Join Date: Oct 2006
Location: Singapore
Age: 39
|
Now, the main issue is not the lack of tax funds, but their efficient use. One only needs to sit down, look at the state/federal budget, and realise that a lot of money is flowing into projects which benefit a minority.
__________________
|
2009-04-17, 01:01 | Link #373 |
Obey the Darkly Cute ...
Author
Join Date: Dec 2005
Location: On the whole, I'd rather be in Kyoto ...
Age: 67
|
Politicians have been *dieing* to tax the Intarweb since it first started engaging in commercial transactions. Yet most analysts agree it would be a Bad Thing because of the number of small operators who would simply vanish rather than try to keep books on the hideous tax codes of 50 states (+other countries?). How the hell would they handle foreign purchases? If they tried to tax it on the consumer end.... that would involve a level of intrusion into their computers not many voters would tolerate. Then there's the "where does the transaction actually happen?" problem... at the server location? at the warehouse? at the incorporated address? (all possibly in different states).
I could vaguely visualize a NATIONAL sales tax on internet purchases that was divvied out amongst the states ... but a state by state attempt would just be a pathetic mess (especially when the rules are written by technical morons ---> politicians in general). Taxes are already paid to the state in terms of Income Tax on the profits a company make. They need to just be happy with that. States without an income tax might want to rethink their lack of one.
__________________
|
2009-04-19, 16:20 | Link #374 |
Senior Member
|
Not that one is the cause of the other, but states with no income tax as a whole, are the ones that have the least amount of budget problems. States like California and New York who have high income tax, are also losing tax payers and business to states that are more business friendly.
__________________
|
2009-04-19, 17:40 | Link #376 |
Senior Member
|
There is much debate over the bailouts passed by both President Bush and President Obama. IMO neither one would hold up to a Constitutional test. Neither one will actually do anything to 'stimulate' the economy here. They talk about 'freeing up credit', but people have over-extended themselves way beyond their means for years. Reality on their spending is finally coming home to roost.
__________________
|
2009-04-19, 17:54 | Link #377 | |
Senior Member
Join Date: Apr 2007
Location: East Cupcake
|
Quote:
Last edited by james0246; 2009-04-19 at 18:14. |
|
2009-04-19, 18:10 | Link #378 | |
Member
Join Date: Nov 2008
|
Quote:
http://www.ncsl.org/programs/pubs/statebudgetgaps.pdf http://www.cbpp.org/cms/?fa=view&id=868 http://www.cbpp.org/cms/?fa=view&id=711 Oops, wrong link + failed reading comprehension. Last edited by Cluelessly; 2009-04-19 at 18:28. |
|
2009-04-19, 18:14 | Link #379 |
Asuki-tan Kairin ↓
Join Date: Feb 2004
Location: Fürth (GER)
Age: 43
|
Just so I get this right... at the moment there exists no law that clearly defines how sales taxes are to be collected when buying online? So to put it in blunt terms, those who have the money to own a computer with internet access can buy stuff tax free, while those who cannot effort one have to pay taxes?
__________________
|
Tags |
united_states |
Thread Tools | |
|
|