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Post by New Mama on Aug 2, 2012 11:32:58 GMT -6
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Post by New Mama on Aug 3, 2012 11:34:43 GMT -6
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Post by New Mama on Aug 3, 2012 11:43:56 GMT -6
Forward. Huge steps forward to government dependency.
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Post by Chicago Jake on Aug 3, 2012 16:23:24 GMT -6
And so it begins...Forward.
The new Medical Device tax to start in 2013 created to help pay for ObamaCare causes company to scrape plans for 5 new plants and ships jobs overseas. I guess this shows us which side of the Laffer curve we are operating on.
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Post by Guest on Aug 4, 2012 9:01:41 GMT -6
Some serious misdirection and/or media manipulation going on here. While Cook has annual sales of approximately $150 million, the 2.3% tax would amount to the $20-30 million figure. But that same tax would also be applied to devices imported from the factories Cook plans to build in other countries. So why make the devices elsewhere? Other than presumably lower labor costs, the manufacturing subsidiary would sell the devices to the distributing arm of the company at a much lower price than the final sales price. The tax would be applied at this sale, thereby greatly reducing the amount of tax paid. For instance, say the final price to a hospital patient for a device is $1000. The tax would be $23. But the actual price from the manufacturing distributor is, let's say $100; so the tax is actually$2.30. The important point is that it works the same way regardless of if the factory is here in the US or in another country.
The actual reason to move manufacturing offshore is twofold; lower production costs and the growth of the Asian market. Cook has indicated that 40% of their growth in the past year has been in Asia, and that they expect to triple its total business in the region by 2015.
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Post by Chicago Jake on Aug 4, 2012 19:14:09 GMT -6
How is that "working the same way"? In your hypothetical, they save millions of dollars in taxes (23% of a much lower number) by going overseas. They might have been considering going off-shore already, but this tax gives them even greater reason to move.
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Post by Guest on Aug 4, 2012 19:30:28 GMT -6
The product is taxed when it is sold by the manufacturing subsidiary to the distributor. It doesn't matter if the factory is producing domestically or offshore.
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Post by Chicago Jake on Aug 4, 2012 23:29:22 GMT -6
Much like Gordon, you have reading comprehension issues. Unlike Gordon, you can't even comprehend YOUR OWN posts!
PS - although I allow anonymous posting on this message board as a matter of policy, because I believe that facts and logic speak for themselves, I still consider anonymous posting COWARDLY and ASININE.
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Post by Guest on Aug 5, 2012 6:14:50 GMT -6
Does anyone else have trouble understanding that regardless of where the factory is located, be it Illinois or India, the tax rate is the same?
The overall tax paid may be slightly less given the lower production costs, but certainly no where near the $20-30 million that Cook is claiming.
It's a smoke and mirrors argument to move their production out of the country and blame the President.
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Post by Tex on Aug 5, 2012 6:39:59 GMT -6
The tax rate is the same. The tax base is different. The tax will be different.
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Post by New Mama on Aug 6, 2012 8:47:22 GMT -6
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Post by New Mama on Aug 6, 2012 10:38:00 GMT -6
Forward.
After 3 years many people are simply giving up and stop looking for work.
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Post by New Mama on Aug 8, 2012 11:38:12 GMT -6
Forward. www.commentarymagazine.com/2012/08/07/obamacare-and-the-price-of-pizza/Most of Americans are asleep on the cost of ObamaCare. Unfortunately they will not get the wake up call until 2014 when the tax comes into play for everything they purchase from Pizza to school supplies. They are drinking the kool-aid that the 1% can pick up the tab without them.
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Post by Merlot Joe on Aug 8, 2012 12:17:31 GMT -6
You can't get blood out of rock. Sooner or later people will not be able to afford this type of tax.
This economy is not all glittery and bright like the white house wants us to believe. The shoe is dangling on the other foot and is ready to fall off. Keep increasing or adding taxes and it will fall off.
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Post by Guest on Aug 8, 2012 20:24:21 GMT -6
The Republicans have made these same arguments before:
“It is socialism. It moves the country in a direction which is not good for anyone, whether they be young or old. It charts a course from which there will be no turning back.” (1)
“This... is a threat to the entire American economy and to every person in America.” (2)
“The Act represents a step in the direction of Communism, fascism, and Nazism.” (3)
"One of these days you and I are going to spend our sunset years telling our children and our children’s children what it once was like in America when men were free.” (4)
“I fear it may end the progress of a great country...It will go a long way toward destroying American initiative and courage.” (5)
Their predictions of impending doom were wrong then, and they're wrong now. Time to quit living in fear. It's time to move Forward.
(1) Senator Carl Curtis (R-NE), in 1965, opposing Medicare
(2) Lee Iacocca, executive vice president of Ford Motor Company, in 1970, on why the government shouldn’t regulate airborne contaminants that are hazardous to human health
(3) The National Association of Manufacturers, in 1938, condemning a national minimum wage and guaranteed overtime pay
(4) Ronald Reagan in 1961 voicing his opposition to Medicare
(5) Senator Daniel O. Hastings (R-DE), in 1935, listing the evils of Social Security
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Post by Tex on Aug 8, 2012 20:32:38 GMT -6
The Phantom returns
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Post by Chicago Jake on Aug 9, 2012 0:15:10 GMT -6
The Republicans have made these same arguments before: “It is socialism. It moves the country in a direction which is not good for anyone, whether they be young or old. It charts a course from which there will be no turning back.” (1)
“This... is a threat to the entire American economy and to every person in America.” (2)
“The Act represents a step in the direction of Communism, fascism, and Nazism.” (3)
"One of these days you and I are going to spend our sunset years telling our children and our children’s children what it once was like in America when men were free.” (4)
“I fear it may end the progress of a great country...It will go a long way toward destroying American initiative and courage.” (5)
Their predictions of impending doom were wrong then, and they're wrong now. Time to quit living in fear. It's time to move Forward. (1) Senator Carl Curtis (R-NE), in 1965, opposing Medicare (2) Lee Iacocca, executive vice president of Ford Motor Company, in 1970, on why the government shouldn’t regulate airborne contaminants that are hazardous to human health (3) The National Association of Manufacturers, in 1938, condemning a national minimum wage and guaranteed overtime pay (4) Ronald Reagan in 1961 voicing his opposition to Medicare (5) Senator Daniel O. Hastings (R-DE), in 1935, listing the evils of Social Security And they were all correct.
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Post by New Mama on Aug 9, 2012 11:51:19 GMT -6
The Republicans have made these same arguments before: “It is socialism. It moves the country in a direction which is not good for anyone, whether they be young or old. It charts a course from which there will be no turning back.” (1)
“This... is a threat to the entire American economy and to every person in America.” (2)
“The Act represents a step in the direction of Communism, fascism, and Nazism.” (3)
"One of these days you and I are going to spend our sunset years telling our children and our children’s children what it once was like in America when men were free.” (4)
“I fear it may end the progress of a great country...It will go a long way toward destroying American initiative and courage.” (5)
Their predictions of impending doom were wrong then, and they're wrong now. Time to quit living in fear. It's time to move Forward. (1) Senator Carl Curtis (R-NE), in 1965, opposing Medicare (2) Lee Iacocca, executive vice president of Ford Motor Company, in 1970, on why the government shouldn’t regulate airborne contaminants that are hazardous to human health (3) The National Association of Manufacturers, in 1938, condemning a national minimum wage and guaranteed overtime pay (4) Ronald Reagan in 1961 voicing his opposition to Medicare (5) Senator Daniel O. Hastings (R-DE), in 1935, listing the evils of Social Security If you don't think that our current National debt, unemployment, underfunded public retirement accounts, reduced home values, terrorist threats, fatherless children and violent gangs in our cities is doom and gloom you must be from another planet.
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Post by Merlot Joe on Aug 9, 2012 15:08:17 GMT -6
Some people live in a box and if the cuurent economy does not affect them they think everything is okay and that everyone else is wrong.
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Post by New Mama on Aug 14, 2012 9:32:30 GMT -6
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Post by Chicago Jake on Aug 14, 2012 14:43:08 GMT -6
I have it on good authority that this is the "most transparent administration ever." And they wouldn't lie!
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Post by New Mama on Aug 16, 2012 11:58:57 GMT -6
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Post by New Mama on Aug 23, 2012 13:07:42 GMT -6
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Post by Chicago Jake on Aug 23, 2012 14:30:21 GMT -6
Never a good idea to do something like this when the other guy's turn is rolling around soon after.....
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Post by New Mama on Aug 30, 2012 14:18:59 GMT -6
Forward. times247.com/24-7-videos/obama-outsourcess-air-force-jobs-to-brazilObama gives a billion dollar contract to Brazil for planes and shafts the Kansas company who offered a less expensive plane. BTW, the US Air Force currently has this Kansas company's planes in service. Brazil the country that votes against us in the UN. Brazil the country that contracted with China for their offshore oil that Obama tried to get a contract for last January. Brazil the country that took the money given by Obama to develop that offshore oil. WTF? edited for errors
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Post by New Mama on Sept 13, 2012 13:28:35 GMT -6
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Post by Chicago Jake on Sept 13, 2012 15:10:31 GMT -6
I'd be happy to pay $10 a gallon for the next couple of months, if it will help get Borat Obama out of the White House.
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Post by New Mama on Sept 13, 2012 15:19:15 GMT -6
I read that some gas station chain was charging $8 a gallon this morning in protest. [quote ]September 13, 2012 (SOUTH PLAINFIELD, N.J.) -- More than 50 Lukoil gas stations in New Jersey and Pennsylvania jacked up prices to more than $8 a gallon Wednesday to protest what they say are unfair pricing practices by Lukoil North America that leave them at a competitive disadvantage.
Dozens of Lukoil franchise owners also gathered to protest at a station in this central New Jersey town where the posted prices were an eye-popping $8.99 a gallon.
[/quote] abclocal.go.com/wls/story?section=news/national_world&id=8809119
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Post by Merlot Joe on Sept 13, 2012 16:41:46 GMT -6
I heard the same new this morning Anita.
Gas price here have sored. We just started harvest so right now between trucks, grape harvest, and tractors I am burning over 200 gallons a day, and I guarantee you that my grape prices have not gone up to offset that cost.
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Post by Merlot Joe on Sept 13, 2012 16:43:44 GMT -6
I'd be happy to pay $10 a gallon for the next couple of months, if it will help get Borat Obama out of the White House. Jake I don't think that gas prices are going to get Obama kicked out of office. Unemployment and the lack of available credit are the two big economic issues in this election. Just my thoughts. (A liitle spelling correction there)
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