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BillBrasky Memorial Political Chat Thread

 
TownieDeac said:
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Race to the bottom state level economics serving it's purpose. We need a national wealth tax to bypass that bullshit. Let oligarchs move out of the country, instead of letting every company in the whole fucking world incorporate in Delaware. Every business incorporated in Delaware that isn't headquartered in Delaware should be charged with tax evasion, and every yacht registered in Delaware should be sunk.
 
Anyone else seeing a lot of right wing attention on human trafficking the last couple weeks, typically as a way to deflect from Covid?
 
bmoneydeac said:
Anyone else seeing a lot of right wing attention on human trafficking the last couple weeks, typically as a way to deflect from Covid?
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Apparently if you buy a $20,000 table from Wayfair they mail you a 7 year old. The conspiracies are getting pretty amazing.
 
bmoneydeac said:
Anyone else seeing a lot of right wing attention on human trafficking the last couple weeks, typically as a way to deflect from Covid?
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Oh yea big time. Posting it to their IG stories about saving the children. They’re also posting about Epstein. Who is against child trafficking? “Why isn’t the media covering this !?!?”
 
myDeaconmyhand said:
Race to the bottom state level economics serving it's purpose. We need a national wealth tax to bypass that bullshit. Let oligarchs move out of the country, instead of letting every company in the whole fucking world incorporate in Delaware. Every business incorporated in Delaware that isn't headquartered in Delaware should be charged with tax evasion, and every yacht registered in Delaware should be sunk.
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Even if they aren't avoiding taxes in another state? Most states, including NY, apportion federal taxable income for a multi-state business based on the % of total sales that are made to customers in the state.

Conglomerations of companies used to set up a Delaware corporation to hold intangibles or intercompany debt and would charge operating companies a royalty/interest charge which would shift income from operating company to the Delaware company where it wasn't taxed, but states got wise to that and put in addback statutes or forced combined reporting.

long story short, companies incorporate in Delaware for corporate governance reasons and not as some magic elixir to lower their state tax bill.
 
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bmoneydeac said:
Anyone else seeing a lot of right wing attention on human trafficking the last couple weeks, typically as a way to deflect from Covid?
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Republican conspiracy theories are always tied to pedophiles and/or human trafficking to give them some legitimacy.
 
bmoneydeac said:
Anyone else seeing a lot of right wing attention on human trafficking the last couple weeks, typically as a way to deflect from Covid?
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If the past few years have been any indication, it's to deflect from human trafficking that they (RW politicians, not facebook users) are personally involved in.
 
WFFaithful said:
Republican conspiracy theories are always tied to pedophiles and/or human trafficking to give them some legitimacy.
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The gop loves young girls. Just ask col anus about sombrero wearing coeds.
 
DDA said:
Oh yea big time. Posting it to their IG stories about saving the children. They’re also posting about Epstein. Who is against child trafficking? “Why isn’t the media covering this !?!?”
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Any new info on the Pizza parlor sex scandal from 4 years ago? That story went quite because the lame stream media is protecting the democRATS.
 
ChrisL68 said:
Even if they aren't avoiding taxes in another state? Most states, including NY, apportion federal taxable income for a multi-state business based on the % of total sales that are made to customers in the state.

Conglomerations of companies used to set up a Delaware corporation to hold intangibles or intercompany debt and would charge operating companies a royalty/interest charge which would shift income from operating company to the Delaware company where it wasn't taxed, but states got wise to that and put in addback statutes or forced combined reporting.

long story short, companies incorporate in Delaware for corporate governance reasons and not as some magic elixir to lower their state tax bill.
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Capitalism apologist wimp. We are sinking boats and jailing (wait do we put still put people in jail) CEOs. Didn't you read the narrative.
 
Thanks for your input, bud
https://www.mentalfloss.com/article/76951/why-are-so-many-us-companies-incorporated-delaware
"Second, Delaware’s tax system gives businesses several ways to legally minimize their tax bills. Companies that are incorporated in Delaware but do business in other states don’t have to pay state corporate income tax to Delaware. Some groups accuse Delaware of being a tax haven because the “Delaware loophole” allows companies to declare certain types of revenue in Delaware rather than in the state where the business actually occurred. Delaware also doesn’t tax profits on royalty payments, trademarks, or copyrights."
https://www.theatlantic.com/business/archive/2016/10/dont-blame-delaware/502904/
"Delaware doesn’t tax “intangible assets,” and this encourages companies to move parts of their business to Delaware to avoid taxes in other states. This has led to Delaware being labeled a “tax haven.”"
https://www.investopedia.com/articles/personal-finance/092515/4-reasons-why-delaware-considered-tax-shelter.asp#:~:text=The%20state%20does%20not%20have,have%20any%20personal%20property%20tax.
"Furthermore, if the business does not conduct its operations in Delaware, the state’s corporate income tax may not apply. Instead of paying that income tax, those Delaware corporations instead pay a much lower franchise tax. Delaware also has business-friendly usury laws, which allow banks and credit card companies to have much more freedom to charge higher interest rates on loans."
 
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Damn, those sweet "corporate governance reasons" are just the icing on the cake to go along with the rest of the tax shelter bullshit
 
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