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(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
    More: Obvious, Micky Arison, free cash flow, share repurchase, special dividend  
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14394 clicks; posted to Main » on 05 Dec 2012 at 6:39 AM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Funniest)
View Voting Results: Smartest and Funniest

2012-12-05 07:36:44 AM  
5 votes:
Debeo, they're not gonna fark you OR give you money..
2012-12-05 10:08:52 AM  
3 votes:
How does this guy keep escaping Madame Tussauds?
2012-12-05 08:21:10 AM  
3 votes:

Debeo Summa Credo: No it's not. You've been misled or you misunderstand.


Fact shields are at 100%, keptin!
2012-12-05 07:10:48 AM  
3 votes:
This is good news - by taking the money now instead of next year, it means they will start creating jobs sooner rather than later.
2012-12-05 09:34:05 AM  
2 votes:

Debeo Summa Credo: WSUCanuck: Debeo Summa Credo: Fu Manchu: Debeo Summa Credo:

Again, IOW "gimme"

I pay a higher share of my income in taxes than Mitt Romney, you insensitive clod.

No you don't.

Your fact shields are definitely at 100%. Anyone who paid more than 13% of their income in taxes paid a higher share than Mitt Romney.

Nope. Romney's investments were subject to corporate tax before being subject to individual tax. His rate when you include those are up near 40%.

But please keep your own "fact shields" at 100%.



So Romney pays taxes that corporations owe?

i780.photobucket.com

Interesting... 

If Romney was paid $100k in (long term) dividends, he would pay $15k in taxes. Of course he would be able to deduct the cost of stabling his horse, and pay what he did.... @ 13%. Study it out
2012-12-05 08:26:36 AM  
2 votes:

beta_plus: Awesome - that's $150 million Libs will not get to encourage women to have children out of wedlock who they will raise to kill me.


"The feminist agenda is not about equal rights for women. It is about a socialist, anti-family political movement that encourages women to leave their husbands, kill their children, practice witchcraft, destroy capitalism and become lesbians."

-- Pat Robertson, 1992
2012-12-05 08:12:43 AM  
2 votes:

Roy_G_Biv: Like all of George Soros' money, right?


DRINK!
2012-12-05 08:11:33 AM  
2 votes:
The bootstrap tugging by these Job Creators is EPIC!
2012-12-05 07:14:55 AM  
2 votes:

Jake Havechek: Debeo Summa Credo: Jake Havechek: Another asshole born on third who thinks he hit a triple.

The rich in America have it pretty good. Look at the tax rates in England, for example.

In other words, "Gimme".

/so much bitter envy in this thread

Like hell. I don't need millions of dollars, I just like to make ends meet.

I'd like others to pay their fair share.

You make more, you pay more.


They do pay more. Alot more. Dont fool yourself into the misguided belief that the rich aren't paying their "fair share".
2012-12-05 06:55:18 AM  
2 votes:
But I was told that CEO's used all that extra money to plow right back into their businesses!
2012-12-05 06:54:58 AM  
2 votes:
You see:

a) give the super wealthy more money

b) the money "trickles down"

c) jobs are magically created out of thin air regardless of consumer demand or household financial strength
2012-12-05 06:48:05 AM  
2 votes:
Another asshole born on third who thinks he hit a triple.

The rich in America have it pretty good. Look at the tax rates in England, for example.
2012-12-05 06:46:41 AM  
2 votes:
*glances around*
They earned that money!

/runs
2012-12-05 06:44:21 AM  
2 votes:
But remember, your vote matters.
2012-12-05 03:07:11 PM  
1 vote:
Can you believe in this country not 50 years ago a single person with a high school education could work a single job and raise a family, buy a house, maybe a new car every 5 years or so? Yes, that's what these greedy fuccers have stolen from us, and it's high time they paid it back.

How dare you suggest that someone that only has their labor to sell enjoys a decent life. They should be forced to live in the gutter and be satisfied with whatever scraps the rich deem them worthy of.
2012-12-05 02:16:58 PM  
1 vote:

Debeo Summa Credo: So I should join the farklib money grab as well? "hey, that guy has more stuff than me! Let's take it!"

You deadbeats can sit around all day in a circle jerk and complain that others have earned more than you and figure out ways to take it. Have fun.


The money grab is on the second Thursday of every month. The circle jerk is every Monday, and is followed by a fat dog search. In case you're interested.
2012-12-05 01:02:56 PM  
1 vote:

Debeo Summa Credo: mittromneysdog: Debeo Summa Credo: I know I shouldn't, but I gots to know. WTF are you talking about?

The Latin translator makes gibberish out of your handle. So I looked up the words individually. The best I can come up with is "to believe the highest debt," or "to accept the highest debt."

Funny. It's supposed to be debits equal credits as I'm an accountant, but apparently the person who told me that's what it means got the Latin wrong.



How nice of you to offer fellatio to your wealthy clients as a value-add.
2012-12-05 11:47:28 AM  
1 vote:

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.


Herpa? Derpa derpa herp!

Seriously? That is the best you can come up with?

Did you give ALL of your money to Mitt the "wonder boy" Romney in his epic clash against the Big Black Beast, Satan's Incarnate, Returning Champion, Barack Obama. Because you know you REALLY REALLY wanted him to win so you should have sold everything and gave it all to Romney. Because that would have been the completely smart thing to do.

Little butt hurt on your bad investment eh?  So next time around you will be sure your ideals are in the right! Go white power!
2012-12-05 11:25:01 AM  
1 vote:

mittromneysdog: For some reason I have you highlighted in red with the notation "Randroid." Did I err?


Haha holy shiat, yes you could say that you erred and that the ocean is damp
2012-12-05 10:08:06 AM  
1 vote:

Debeo Summa Credo: Income from corporate investments is treated differently because it is taxed twice.


Nice in theory, but reality is that large corporations have even more tax loopholes than individuals, and routinely pay little to no tax.

And if your double taxation theory holds, we shouldn't have to pay sales taxes. We paid income taxes on our money when we earned it, then we have to pay more tax when we spend it. OMG double taxation. Then, the store where we spent our money has to pay taxes on that money again, OMG triple taxation. Then their employees have to pay income taxes on the money they get paid OMG quadruple taxation.

It's almost as if you have to pay taxes every time money changes hands. Funny how that works, isn't it?
2012-12-05 09:57:17 AM  
1 vote:
Hey everyone! All those taxes you pay on *anything*? you can now count those as income taxes! Thanks, debeo summa credo!
2012-12-05 09:51:50 AM  
1 vote:

Debeo Summa Credo: WSUCanuck: Debeo Summa Credo: WSUCanuck: PreMortem: Debeo Summa Credo: WSUCanuck: Debeo Summa Credo: Fu Manchu: Debeo Summa Credo:

Again, IOW "gimme"

I pay a higher share of my income in taxes than Mitt Romney, you insensitive clod.

No you don't.

Your fact shields are definitely at 100%. Anyone who paid more than 13% of their income in taxes paid a higher share than Mitt Romney.

Nope. Romney's investments were subject to corporate tax before being subject to individual tax. His rate when you include those are up near 40%.

But please keep your own "fact shields" at 100%.


So Romney pays taxes that corporations owe?

Interesting... 

If Romney was paid $100k in (long term) dividends, he would pay $15k in taxes. Of course he would be able to deduct the cost of stabling his horse, and pay what he did.... @ 13%. Study it out

Had Romney claimed he paid 40% of his income to taxes, he would have been laughed off stage every time.

He did correctly state that his actual tax rate is up in the 40s. Found with quick google search.

"found with quick google search"
but i'm not going to link it because im completely lying.

On my phone, so no good link, but here you go:

http://thinkprogress.org/economy/2012/01/25/411746/romney-tax-rate-sp i n-50-percent/?mobile=wp


So Mitt Romney is a corporation now?
2012-12-05 09:46:10 AM  
1 vote:

Debeo Summa Credo: clyph: Debeo Summa Credo: They do pay more. Alot more. Dont fool yourself into the misguided belief that the rich aren't paying their "fair share".

Bullshiat. Normal income over $388,351 is taxed at 35%. That's their fair share. Explain how paying less than half as much tax as everybody else is fair.

I make a pretty good living and I pay 28% taxes. He just got as much money as I'll make in 1000 years. I, and 998 other people making as much as I do are paying double so this twatwaffle can pay less than half his fair share.

Jesus Christ. Every investment in a corporation is taxed at that level before it becomes income to the investor. An investors tax rate isn't 15%, it's 44.75% if the corp pays taxes at 35%!!

For those who seem hellbent on ignoring the corporate income tax, as if it doesn't exist, ask yourselves who would benefit if the corporate income tax was eliminated. Would the overall progressivity of the tax code be increased or decreased if we got rid of the corporate tax?


despite all your crying, not even Mitt Romney nor his advisors claimed his tax rate was at 45%.

Hell, you seem to want to raise his tax rates more than anyone. You first had Romney paying 40%, now its 45%!

By the time you leave the thread, you'll say Romney pays an 85% tax rate!

Poor Romney!
2012-12-05 09:26:02 AM  
1 vote:

Debeo Summa Credo: WSUCanuck: Debeo Summa Credo: WSUCanuck: Debeo Summa Credo: Fu Manchu: Debeo Summa Credo:

Again, IOW "gimme"

I pay a higher share of my income in taxes than Mitt Romney, you insensitive clod.

No you don't.

Your fact shields are definitely at 100%. Anyone who paid more than 13% of their income in taxes paid a higher share than Mitt Romney.

Nope. Romney's investments were subject to corporate tax before being subject to individual tax. His rate when you include those are up near 40%.

But please keep your own "fact shields" at 100%.

Ahh pedantry. The corporate tax, which was paid by Mitt Romney NEVER counts as tax on Mitt Romney, the individual.


Pop-a-shot taxation.


Mitt Romney never claimed he paid anywhere near 40% in taxes, so for you to claim he did is hilarious. Thanks for admitting that you're a partisan shill with no interest in furthering legitimate debate.

Hmm. Your fact shields seem to be working perfectly but maybe turn down the dial on your stupidity blaster, your getting it all over the place.


awww are you mad that you got called out on your bullshiat?
2012-12-05 09:18:27 AM  
1 vote:

Debeo Summa Credo: WSUCanuck: Debeo Summa Credo: Fu Manchu: Debeo Summa Credo:

Again, IOW "gimme"

I pay a higher share of my income in taxes than Mitt Romney, you insensitive clod.

No you don't.

Your fact shields are definitely at 100%. Anyone who paid more than 13% of their income in taxes paid a higher share than Mitt Romney.

Nope. Romney's investments were subject to corporate tax before being subject to individual tax. His rate when you include those are up near 40%.

But please keep your own "fact shields" at 100%.


Ahh pedantry. The corporate tax, which was paid by Mitt Romney NEVER counts as tax on Mitt Romney, the individual.


Pop-a-shot taxation.


Mitt Romney never claimed he paid anywhere near 40% in taxes, so for you to claim he did is hilarious. Thanks for admitting that you're a partisan shill with no interest in furthering legitimate debate.
2012-12-05 09:05:56 AM  
1 vote:

G. Tarrant: When he puts it that way, why wouldn't "Papa" John and Adelson and the like give him the money? Of course, Romney lost and the money ended up lining their pockets, but it also explains why Rove was shiatting his pants come Election Eve. He guaranteed - not just expected, not just promised to fight hard for, GUARANTEED - a win in exchange for these millions, and didn't deliver.


I was hoping Rove would get dragged off to Hell after that, like the Shadowman in the Princess & the Frog.
2012-12-05 08:52:28 AM  
1 vote:
We must really be jealous of Joe Sixpack since we're taking 30% of his income as taxes.
2012-12-05 08:47:17 AM  
1 vote:

Debeo Summa Credo: WhyteRaven74: Debeo Summa Credo: "slightly slowed"? Tax rates on dividends will nearly triple next year.

Well then, perhaps the money that goes to dividends can go to something more useful, like employee salaries and capital improvements.

Instead of going to the owners of the farking company, who, you know, are farking entitled to the earnings. Unless you are posting from one of the two countries where communism hasn't collapsed yet.

/besides, in reality companies will just go back to using earnings to buy back stock once the new tax rates are in, instead of paying dividends.


They're entitled to the earnings that came from someone else's labor? Where have I heard that before?

They may (in part) own the company, but if they aren't working for it they didn't earn the income and aren't "entitled" to any of it.
2012-12-05 08:32:44 AM  
1 vote:

Jake Havechek: George Soros!


i49.tinypic.com
2012-12-05 08:31:03 AM  
1 vote:

AverageAmericanGuy: Here we go. Nothing like a good class warfare thread.


i.imgur.com
2012-12-05 08:30:23 AM  
1 vote:
Debeo Summa Credo:

Again, IOW "gimme"

I pay a higher share of my income in taxes than Mitt Romney, you insensitive clod.
2012-12-05 08:17:22 AM  
1 vote:
George Soros
George Soros!
2012-12-05 08:15:26 AM  
1 vote:

Debeo Summa Credo: LarryDan43: Debeo Summa Credo: jayhawk88: But I was told that CEO's used all that extra money to plow right back into their businesses!

But I was told companies are just "sitting on" that money (whatever that means). These special dividends should be great because it means companies actually have to go to the vault or mattress or wherever these vast hoards of cash are supposedly being sat on and put them back in the economy.

Good for the economies of Luxembourg, Switzerland or the Cayman Islands where these guys keep their money. They wouldn't want any Reagan trickle down from banks here where it might fall on 47%er.

Cripes. Do you think every dollar deposited in a cayman islands bank account stays in the cayman islands? Do the banks there use them exclusively to finance small business loans to the people that sell trinkets in every corner in the Caribbean?


Yes. It does. I know that's and exaggeration, but much of it lies there in tax free accounts being serviced by the valient and numerous law firms of the Caymans. Why don't us libs like lawyers in the Caymans? They're just middle class people who benefit from trickle down economics!
2012-12-05 07:43:07 AM  
1 vote:
Re: "ACA taxes"

"A new Net Investment Income Tax goes into effect starting in 2013. The 3.8 percent Net Investment Income Tax applies to individuals, estates and trusts that have certain investment income above certain threshold amounts." (source: http://www.irs.gov/uac/Affordable-Care-Act-Tax-Provisions)

If you're asking us to be upset because Adelson has to pay an extra 4% on his 1.2 billion (with a B) dollars, that he decided to pay himself out of the coffers of the company that he is the CEO of, then you're gonna have a bad time.
2012-12-05 07:42:38 AM  
1 vote:
farklib


Holy farking cats, you are dumb.
2012-12-05 07:39:50 AM  
1 vote:

EyeballKid: Why isn't this foreskin-come-to-life in court answering bribery charges?


It's one of those legal crimes.
2012-12-05 07:38:53 AM  
1 vote:
Why isn't this foreskin-come-to-life in court answering bribery charges?
2012-12-05 07:38:41 AM  
1 vote:

GoodyearPimp: Debeo Summa Credo: taxed twice.

My salary is taxed many times. Then I can spend it and it usually gets taxed at least one more time. But taxing dividends "twice" is HORRIBLE.


assets.amuniversal.com
2012-12-05 07:37:05 AM  
1 vote:

coffee smells good: I see the article doesn't mention the god of the far left, COSTCO. They're borrowing $3B so they can pay a special one time $7/ dividend ahead of the Obama Care tax increase.


Wait, what?
2012-12-05 07:25:09 AM  
1 vote:
Boy, it sure is a good thing these poor, put-upon billionaires have a whole political party bending over backwards to protect them from having to shoulder any of the costs of recovery... These folks have no one to speak for them except the brave souls in the GOP, who know the poor and middle classes should be paying for the avarice of the wealthy elite; Poor persecuted victims of crass class warfare that they are.
2012-12-05 07:24:42 AM  
1 vote:

Alphax: coffee smells good: I see the article doesn't mention the god of the far left, COSTCO. They're borrowing $3B so they can pay a special one time $7/ dividend ahead of the Obama Care tax increase.

Ahead of the what?


Part of the almost tripling in taxes on dividend in 2013 has to do with the new taxes from the ACA (Obama Care) that kick in.
2012-12-05 07:18:32 AM  
1 vote:

coffee smells good: I see the article doesn't mention the god of the far left, COSTCO. They're borrowing $3B so they can pay a special one time $7/ dividend ahead of the Obama Care tax increase.


Ahead of the what?
2012-12-05 07:06:09 AM  
1 vote:
Remember how all these companies have been sitting on record levels of cash, just waiting to hire people once the economy recovered?

About that.
2012-12-05 06:57:05 AM  
1 vote:
Very reminiscent:
3.bp.blogspot.com
"Oh, lo'dy, lo'd, he's desp'it! Do what he sayyyy, do what he sayyyy!"

Also, the president is near.
2012-12-05 06:55:56 AM  
1 vote:
And what's this "small business owner" shiat that supposedly drives the economy?

No basis in reality, at all.
2012-12-05 06:55:02 AM  
1 vote:

Alphax: I dare someone to claim that they 'earned' that money.


Hey, keeping slaves dumb and scared isn't as easy as you think. Religion helps though, and its free.

Step 3: Profit
2012-12-05 06:54:44 AM  
1 vote:
JOB CREATORS!
2012-12-05 06:45:09 AM  
1 vote:
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.
2012-12-05 06:44:39 AM  
1 vote:
I was told there would be no math.
2012-12-05 06:41:05 AM  
1 vote:
I dare someone to claim that they 'earned' that money.
 
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