Ferrari Mailing List: Re: NFC: Here comes BO's 10 % US National Sales tax

[philville dejazzd.com (philville]

   "While congress wants everyone else's money they use the power of
   thsie
   office to make sure *they* get and *keep* a sinful amount of money for
   the
   work (and damage) they do."

   Are you suggesting that members of Congress are hiding there assets
   (other than Congressional pension) off shore?....Lets vote the
   F'rs out!
   ----- Original Message -----
   From: LarryT <l02turner [at] comcast.net>
   Date: Thursday, May 28, 2009 6:06 pm
   Subject: Re: [Ferrari] NFC: Here comes BO's 10 % US National Sales tax
   To: Phil Tegtmeier <philville [at] dejazzd.com>
   Cc: The FerrariList <ferrari [at] ferrarilist.com>
   > you wrote << (It's the same thing "High-net-worth"
   > individuals CAN DO, and
   > DO DO
   >     anytime a government becomes opressive w/
   > taxation - they LEAVE)>>
   >
   > Found this - Congress wants to punish people who get tired of
   > paying taxes
   > and decide to leave.
   >
   > <<For the purposes of this law, tax avoidance is presumed
   > to be the true
   > purpose if, at the time of expatriation, an expatriate's net
   > worth exceeds
   > US$552,000 or he or she pays an annual tax bill exceeding
   > US$110,000,
   > figures that are indexed for inflation annually. However, with
   > proper
   > planning, it is relatively easy to avoid U.S. taxes during this
   > 10-year
   > period.>>>
   >
   > The full article can be found here
   > http://www.escapeartist.com/efam/59/Taxes_OffshoreHaven.html
   >
   > While congress wants everyone else's money they use the power of
   > thsie
   > office to make sure *they* get and *keep* a sinful amount of
   > money for the
   > work (and damage) they do.
   >
   > LarryT
   >
   >
   > https://www.nrahq.org/nrabonus/accept-membership.asp
   > Free 1 year NRA membership to anyone interested!
   >
   > ----- Original Message -----
   > From: "Jim Conforti" <lndshrk [at] xmission.com>
   > To: "Larry Turner" <l02turner [at] comcast.net>
   > Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
   > Sent: Thursday, May 28, 2009 4:41 PM
   > Subject: Re: [Ferrari] NFC: Here comes BO's 10 % US National
   > Sales tax
   >
   >
   > > At 01:29 PM 5/28/2009, Mike Fleischer wrote:
   > >
   > >
   > >>Immense ammounts of
   > >>anger over what is clearly not in their control and never
   > really was to
   > >>begin.
   > >
   > >   Really?
   > >
   > >   Well, here's something for you and yours to chew on.
   > >
   > >   (Well, besides the fact that not only is Fox News
   > "still on the air"
   > >    but that their viewership has grown to the
   > point that FOX has more
   > >    than double the viewers of MSNBC or CNN or
   > HLN.  In fact, FOX has
   > >    more viewers than MSNBC and CNN **combined**
   > - apparently a LOT of
   > >    people are: "conservative", "didn't vote for
   > Obama" and, "are sick
   > >    and tired of the 'liberal' point of view in
   > the MSM")
   > >
   > >   Back on topic....
   > >
   > >   First, the simple:  Basic Math and Economics.
   > >
   > >   The recovery from a recession requires people to SPEND.
   > >
   > >   (of course "lack of spending" is one of the
   > defining points of
   > > "recession")
   > >
   > >   If there is a 10% National Sales Tax, spending
   > will be less, and
   > >   the "recovery" will take longer - if it happens at all.
   > >
   > >   That's basic economics - price of things goes up -
   > less gets sold.
   > >
   > >   Less gets sold - revenue stream to business is
   > less - less workers
   > >   getting paid less money - and the cycle goes
   > roundy-round.
   > >
   > >   So ask yourself - why would someone (Obama) who
   > supposedly is trying to
   > >   "bail" the country "out" of a recession do
   > something that is virtually
   > >   guaranteed to cause the country to go deeper INTO
   > the recession?
   > >
   > >   (File that under: "anachronism")
   > >
   > >   Now, the more complex.
   > >
   > >   I say "complex" because it's apparently something
   > BASIC about businesses
   > >   and TAXES that the liberals don't seem to GET.
   > >
   > >   There is DAMN WELL something U.S. business owners
   > CAN do to deal with
   > >   oppressive taxation - it's called move your
   > production offshore.
   > >
   > >   (It's the same thing "High-net-worth" individuals
   > CAN DO, and DO DO
   > >    anytime a government becomes opressive w/
   > taxation - they LEAVE)
   > >
   > >   Businesses are taxed on PROFITS. (and sometimes
   > retained earnings)
   > >
   > >   If products are made in the USA - The business
   > pays taxes on the
   > >   difference in value between what is essentially
   > the component
   > >   value (plus the labor costs) and the sale
   > price.  Plus that labor
   > >   cost for US employees is generally more than offshore.
   > >
   > >   If the products are made offshore and sold back to
   > a US sales corp
   > >   at what is 90% of their US Sale Price - They pay
   > tax on that 10%.
   > >
   > >   Depending on where the product is made - They will
   > likely pay LESS
   > >   in labor costs - and in many countries NO taxes on
   > the profits.
   > >
   > >   All that money sits offshore as retained earnings.
   > >
   > >   Congress and the IRS can pass all the goddamned
   > "laws" and "regulations"
   > >   they want about it - and the countries gaining
   > employment/etc will
   > >   CONTINUE to tell them to "f*** a duck".
   > Simply because THEIR prosperity
   > >   and continued survival is based on being a
   > business haven.
   > >
   > >   Welcome to THE REAL WORLD - Mike.  Welcome to
   > the GLOBAL REALITY.
   > >
   > >   Raise your taxes to pay for your social(istic)
   > utopian nonsense.
   > >
   > >   Watch businesses extend their middle finger and
   > move offshore.
   > >
   > >   Watch unemployment in the USA grow worse and worse.
   > >
   > >   Reality is a harsh mistress.
   > >
   > >   JC
   > >
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   Philip "Phil" Tegtmeier
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