If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CNBC)   Sheldon Adelson tried to buy the Presidency for about $150,000,000. This month he'll save $150,000,000 in taxes by paying himself an early dividend. You do the math   (cnbc.com) divider line 303
    More: Obvious, Micky Arison, free cash flow, share repurchase, special dividend  
•       •       •

14377 clicks; posted to Main » on 05 Dec 2012 at 6:39 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



303 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread

First | « | 1 | 2 | 3 | 4 | 5 | 6 | 7 | » | Last | Show all
 
2012-12-06 03:13:08 PM  

Debeo Summa Credo: JadedRaverLA: untaken_name: I assume everyone who thinks people should pay more taxes has already sent in their voluntary contributions to the IRS. They'll let you pay as much as you want, you know.

That's not actually true. If you send more to the IRS than you owe, they'll cash your check and then send you a refund. If you choose not to cash that check, they'll just waste money and time trying to get you your money back.

If you would like to make a contribution to pay down the U.S. public debt, you can send money to the Bureau of the Public debt any time you want. Just go to: http://www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm#De btFinance

There is also a box for it on your tax return, where you can specify how much you are donating.


Nope.

Form 1040

You can elect to split your refund among multiple accounts or purchase U.S. Savings Bonds with it with a Form 8888, or you can "prepay" the amount toward your next year's taxes, but you can't directly donate it to pay down the debt.

I know Senator Thune introduced a bill that would have made it possible to overpay and have the excess used to pay down the debt (it was the Republican version of the Democrats' Buffet Rule), but it hasn't gone anywhere.
 
2012-12-06 04:55:59 PM  

JadedRaverLA: Debeo Summa Credo: JadedRaverLA: untaken_name: I assume everyone who thinks people should pay more taxes has already sent in their voluntary contributions to the IRS. They'll let you pay as much as you want, you know.

That's not actually true. If you send more to the IRS than you owe, they'll cash your check and then send you a refund. If you choose not to cash that check, they'll just waste money and time trying to get you your money back.

If you would like to make a contribution to pay down the U.S. public debt, you can send money to the Bureau of the Public debt any time you want. Just go to: http://www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm#De btFinance

There is also a box for it on your tax return, where you can specify how much you are donating.

Nope.

Form 1040

You can elect to split your refund among multiple accounts or purchase U.S. Savings Bonds with it with a Form 8888, or you can "prepay" the amount toward your next year's taxes, but you can't directly donate it to pay down the debt.

I know Senator Thune introduced a bill that would have made it possible to overpay and have the excess used to pay down the debt (it was the Republican version of the Democrats' Buffet Rule), but it hasn't gone anywhere.


You are correct! They provide an address in the 1040 instructions telling you how to donate, if you wish.

I must have gotten the box thing confused with the optional $3 to presidential campaign funds.
 
2012-12-06 04:58:10 PM  

Smackledorfer: Debeo Summa Credo: No, my argument has always been that the companies have their cash balances invested in either money markets or bank deposits. Money markets directly finance other businesses and banks relend deposits (they don't just put them in the vault), so the money isn't actually "just sitting there".

Your previous arguments were that they don't sit on the money, they have it working for them and reinvest it in business and job creation blah blah.

Now 'sticking it in the bank' counts as that? Great, Then the poors are job creators too and we might as well redistribute wealth because they'll put everything they don't spend in a money market account too!

But I think inclemency pegged you accurately above. If you aren't an intentional troll and want your serious points to be addressed, you shouldn't spend half your posts creating strawmen to troll people or attacking everyone who disagrees with you just jealous of the wealthy.


Strawmen like accusing me of saying companies don't have cash balances?
 
Displayed 3 of 303 comments

First | « | 1 | 2 | 3 | 4 | 5 | 6 | 7 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »






Report