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Many point to the Mexican drug cartels as a reason to legalize drugs! Is that your point Twong86?
how bout you try being sober for once.. ever try being sober ??
There's little to justify keeping tax revenues at historic lows or go even lower.
The dangerous myth is that the Republican's agenda actually has YOUR interests at heart, and not just making the rich richer.
of all people someone from San Mateo asks why rich people who have lots of cash..
get either taxed more or invest more in Start Ups near San Mateo...
Gosh charlie... why do you have so many start ups in your county ?
Why do people have jobs, income and some kind of life ?
You think its all Govt tax money creating jobs in the SFBA ?
https://www.pwcmoneytree.com/MTPublic/ns/nav.jsp?page=historical
I read it.
He raised taxes too much. Created a tax surplus, and then was able to lower taxes in various useful ways.
If we were in a position where we were taxing too much, we should cut taxes. We are NOT in that situation. We have record low tax revenues as a % of GDP, and a big deficit.
We've had those low taxes for a while now, and what has trickled down? The economy is still shit, deficits are shit, and income inequality is at record highs.
your so called Clinton surplus was announced in 2000... during the Stock bubble and higher capital gains... the "new Economy"... where were the fabled gains down the years afterwards as the stock prices fell by 90%.
http://abcnews.go.com/Business/story?id=88866
where was Clinton in prior years on budgets....
http://www.cato.org/publications/commentary/no-bill-clinton-didnt-balance-budget
Skeptics said it could not be done in seven years. The GOP did it in four.
Now let us contrast this with the Clinton fiscal record. Recall that it was the Clinton White House that fought Republicans every inch of the way in balancing the budget in 1995. When Republicans proposed their own balanced-budget plan, the White House waged a shameless Mediscare campaign to torpedo the plan — a campaign that the Washington Post slammed as “pure demagoguery.â€
It was Bill Clinton who, during the big budget fight in 1995, had to submit not one, not two, but five budgets until he begrudgingly matched the GOP’s balanced-budget plan. In fact, during the height of the budget wars in the summer of 1995, the Clinton administration admitted that “balancing the budget is not one of our top priorities.â€
--------------------------------------------------------------------
BILL CLINTON, DEFICIT HAWK
http://www.businessweek.com/stories/1995-06-25/bill-clinton-deficit-hawk
The great Battle of the Budget is over. The hawks have won. Oh, there are details to be thrashed out. And there probably will be another crisis or two before President Clinton signs a Deficit Reduction Act of 1995.
But faced with overwhelming pressure from the GOP majority in Congress and a dramatic shift in public opinion, Clinton quit fighting on June 13.
In his six-minute prime-time speech, he joined the balanced-budget crowd, producing a plan to eliminate the deficit in 10 years. "Finally," says American Standard CEO Emmanuel A. Kampouris, "the President is coming forward."
Do you remember a person called Al Capone? It didn't work then just like it doesn't work for other drugs now.
like i said.. ever try being sober... what the point of having nation full of addicts.
you remember the 1970s.. I do.. what a pathetic drug culture we had...
While Clinton forecasted $1.9 trillion in budget surplus over 10 years, Bush came in and proposed $1.3 trillion in tax cuts over 10 years.
there was no budget surplus as there was no "new economy" with 1000 new companies each valued into billions of dollars with industries/markets valued into the trillions $$..
therefore there were no capital gains that would fuel this fabled surplus.
as for Bush.. no one saw the recession and terrorist attack.
we did not start the wars ...
Yet the 1.3 trillion in tax cuts were planned, and carried out despite the realities that hit us.
sure.. we should increase taxes in a middle of a recession...
sure.. thats going to spur investments and business spending...
good going !
English language that other, less obvious bigots and racists on this forum, repeatedly exhibit.
lol... thats what you get from using emails for the past 30 fucking years babba!
i get anywhere from 100-200 each day.. so as anyone in industry will tell you.. spelling and syntex
errors are very common ...
I say you are an immigrant biased by the bastardized pride of some specious accomplishment that makes you consider yourself worthy of bearing a standard against Americans at large. It is your illegitimate self-importance that I herewith shit on, not, rather, the basis of your ethnicity. But, let me be clear in my native voice: I SHIT ON YOU.
I am a Natural Born American Citizen.. but like all Liberals you completely fail to understand the need by All Immigrants to have a common language to communicate with each other and succeed. English is the universal language of business.
So the shit is on you.. your liberal policies are a failure.
Child, I submit that I purchased my first computer, and wrote my first email, in 2003. Further, I challenge you to exhibit any qualities of self-reliance or fiscal conservatism that rival my personal history. You're probably in your 30s, indebted, and dominated by your parents' tyranny of experience.
I am old enough to have seen the original Lynyrd Skynyrd band play Oakland.
First Computer used... Heathkit using CP/M and the IBM 360 using VMS.
I am way way older than you can imagine !
Controller soon to be VP Finance, for Tech company in SV career spanning 3 decades.
A long long career in Accounting/Finance with many well known and less known companies.
As such I work with a International Work force who all speak English.. no surprise to anyone who works in Silicon Valley or any International Business Hub
First Computer used... Heathkit using CP/M and the IBM 360 using VMS.
Oh thomas, lying again. You never used VMS on a 360. I worked my way through school as a 360 and 3033 operator. There is no such operating system as VMS from IBM. There was VM-CP which would host CMS as a lightweight interactive front end sometimes called VM/CMS. . We used to also run MVS under VM. VM never ran on the 360, only the 370 series which included the 3033.
The 360 box ran OS360/MFV when I got there (it was upgraded from DOS/360 earlier) and then upgraded again to CP/CMS also called CP67/CMS.
I loved the CMS front end. It was clean, simple, and elegant. Why the hell IBM didn't just port it to the pc instead of fucking around with bill gates will always be a mystery. There was actually a PC knockoff of CMS called Oasis on Z80 and Theos on x86 that sold for many years as a multi user system and worked very well. I've played with it. Probably still around today. IBM always ran multiple virtual copies of CMS under CP or VM instead of making a single multi user version and actually worked with less machine load that way. Because CP wasn't considered a strategic operating system like OS360 (batch processing like OS360 had much stronger support at IBM than time sharing like CP) CP and CMS were released as unsupported source code and are actually public domain. IBM was open source before anyone else even thought about it. Mainframe versions of AIX and Linux run under zVM even today.
Controller soon to be VP Finance, for Tech company in SV career spanning 3 decades.
A long long career in Accounting/Finance with many well known and less known companies.
I've seen your posts on taxes and accounting. Any company that hired you for finance/accounting is really less known since they are out of business.
Oh thomas, lying again. You never used VMS on a 360.
nope... not at all.. but it was CMS for IBM..VMS was the DEC it was after all long ago. Dont forget using like TSO as scheduler and McCormick and Dodge Financials... another app was RAMIS as query and data mining (as they call it today).
no.. my employer is doing great today.. very tight on money trying to compete with the 800 pound gorilla.
Splendid!
your liberal policies dont work. period.. for immigrants to become productive members of any society they must learn their hosts country language.
This too will end in a crash. It pisses me off, and I am right. Liberalism ( or call it socialism, communism, leftistism, progressivism, anti-Christianism, anti-Americanism) ... call it what you wish, is a bad idea.
A Russian telling a Occupier how wrong they are... how Socialism Killed Millions
Controller soon to be VP Finance, for Tech company in SV career spanning 3 decades.
A long long career in Accounting/Finance with many well known and less known companies.
I've seen your posts on taxes and accounting. Any company that hired you for finance/accounting is really less known since they are out of business.
If you or anyone of your liberal friends even had took 2-3 accounting/finance/tax courses,, you would realize Obama and Liberals were all wrong and much of what
they spew were lies regarding ..
no.. my employer is doing great today.. very tight on money trying to compete with the 800 pound gorilla.
If it's true, then it proves that to be a high level accountant you need not be literate nor to you need to be particularly intelligent. I fully agree that TWong sounds like a total fraud. I know of conservative republicans with credentials close to what he says are his. They aren't nearly as dogmatic as he, and they are far less likely to echo Fox, Rush and Glen to nearly the extent he does. Hell, Twong out does those guys in his parody of a right wing douche bag.
TWong sounds like a total fraud
you dont say... too bad you dont mention National Review..
woppa
2013 Nov 2, 6:18am
I have only two things to say to this. #1. Jesus was a communist. Christians aren't so into Christianity obviously. #2. Marijuana more dangerous than cigarettes...bahahahahaha. Oh, this is just too funny.
New Renter
2013 Nov 2, 6:53am
But now the gov, allows dope to be smoked, and it's a much more dangerous drug with much worse health effects.
Do you have any proof of this?
Come on, that should be EASY if marijuana is so much worse than "tabacco".
You don't understand, duckie. Marijuana is really, really bad because hippies do it. Tobacco is good because cowboys do it, and cowboys never do any wrong unlike those dirty, oversexed hippies.
Can I make it any clearer?
You forgot Mexicans and jazz musicians...
you can certainly explain that to the 1970s generation that lost their lives deep in the Drug Culture... You have no idea how many parished..
Thomas your link just proves my point. The article inexplicably complains about use-age of marijuana but provides absolutely NO evidence there proving marijuana had any negative impact on health.
Besides I would think you'd see all those who "parished" as a good thing.
If it's true, then it proves that to be a high level accountant you need not be literate nor to you need to be particularly intelligent. I fully agree that TWong sounds like a total fraud.
I have had serious doubts all along that someone who cannot put together a grammatically correct simple declarative sentence is the controller, soon to be vp, of a major international software firm. Could be possible, then again aliens could have brought down the wtc.
I have had serious doubts all along that someone who cannot put together a grammatically correct simple declarative sentence is the controller, soon to be vp, of a major international software firm. Could be possible, then again aliens could have brought down the wtc.
If you dont like what i said.. go find someone in the field of Corporate Accounting/Finance and they will give you the same answer.
Face it.. all your liberals misinformation isnt supported in the real world be they about capital gains, taxing policies, international business structure..
and much more.. So some of you libs make up shit to further your own goals.
Like I said.. go find the facts for yourself.
As far as grammer..like I said.. no one in the business world using emails writes long proper sentences and paragraphs.. that died out long ago.. time is short and storage devices are expensive to maintain. I guess you never worked in the real world... let me guess you an educator.. what a joke!
tatupu70
2013 Nov 2, 8:20am
As far as grammer..like I said.. no one in the business world using emails writes long proper sentences and paragraphs.. that died out long ago.. time is short and storage devices are expensive to maintain. I guess you never worked in the real world... let me guess you an educator.. what a joke!
I work in the real world and proper grammar and spelling is very much used on all emails. At least by anyone who would like to be respected and taken seriously.
Regardless of the grammar and spelling, however, your lack of knowledge in your supposed field of expertise is what astounds me.
I work in the real world and proper grammar and spelling is very much used on all emails. At least by anyone who would like to be respected and taken seriously.
you want to waste all day writing proper emails.. go right ahead..
however, your lack of knowledge in your supposed field of expertise is what astounds me.
... like when you libs talk about moving profits overseas.. im still waiting how thats done.. since you cant enter such transactions on your books.. no such transactions exist... how exactly are you going to mix various currencies across all your subs ... how about so called tax subsidies for oil companies which is nothing more than FASB 2 capitalizing of development costs. but thats all just more misinformation to spew out by the libs..
No .. none of you work in the real world.. you guys write fiction and hope to fool the public to push your own dead end political agenda. pathetic !
B.A.C.A.H.
2013 Nov 2, 8:34am
sbh, you may find him to be as obnoxious as "wild animals" but mr wong has shared information, memories and observations here that only a 50's-ish lifetime local haolie or totally-assimilated-into-haolie-culture American born/raised nonhaolie could.
Liberalism ( or call it socialism, communism, leftistism, progressivism, anti-Christianism, anti-Americanism) ... call it what you wish, is a bad idea.
that too will end.. 1100 days left in Obama presidency and
afterward all to show is 8 years of failure.
John Bailo
2013 Nov 2, 8:52am
absolutely NO evidence there proving marijuana had any negative impact on health.
Maybe, but personal experience with those who were/are heavy users has shown me it can be extremely detrimental to a person's behavior and mental health. Certainly anyone in even a moderate position of power or responsibility can exhibit signs of extreme paranoia, and even violent tendencies, as well as causing harm to themselves or others.
tatupu70
2013 Nov 2, 8:56am
like when you libs talk about moving profits overseas
I'm far from an expert, but I don't believe anyone is talking about moving profits overseas, they are talking about LEAVING them overseas. The profits are made by an overseas subsidiary by playing games with transfer prices.
No .. none of you work in the real world.. you guys write fiction and hope to fool the public to push your own dead end political agenda. pathetic !
And, again, I can assure you that I work in manufacturing in the real world.
New Renter
2013 Nov 2, 9:29am
absolutely NO evidence there proving marijuana had any negative impact on health.
Maybe, but personal experience with those who were/are heavy users has shown me it can be extremely detrimental to a person's behavior and mental health. Certainly anyone in even a moderate position of power or responsibility can exhibit signs of extreme paranoia, and even violent tendencies, as well as causing harm to themselves or others.
I'll counter with my personal examples. Heavy user's I've known (as in toking in the parking lot at work) were directors and VPs of medium sized biotech companies. I've also known successful small business owners, programmers, middle aged athletes etc who used regularly yet it did not impact their performance or health at all. One VP attributed at least some of his career success to smoking weed claiming it helped him relax allowing him to reexamine problems from a new perspective.
Those people to whom you are referring to - did they use anything OTHER than straight marijuana? Isn't it possible the marijuana they were using was adulterated?
John Bailo
2013 Nov 3, 12:36am
zero evidence of marijuana
Yes, of course. Unlike everything ever known to man in all of recorded history, Mary Jane is the one substance in the Universe which has solely beneficial effects with zero detriments. Please, let's re-write the engineering and science books on this one.
B.A.C.A.H.
2013 Nov 3, 1:10am
sbh, if thomaswong1986 is an Asian immigrant like you say, then he's also a liar.
Because he wrote on here before that he's white.
About the grammar, remember the Phoney Texan Connecticutt Yankee GW Bush?
My guess is he's a Korean immigrant, a devotee of Reverend Moon, th
gotta love liberals when they are exposed as racist. dont feel too bad sbh, your not the first Lib who made the same mistakes.. I must say.. I do like my Pnet handle.. it does serve its purpose.
No re-write necessary. There aren't any science or engineering textbooks that show a correlative link between marijuana usage and violence.
really.. those gangbangers killing people are not a problem.
just how many will die this weekend in anyone of the major cities.
Mary Jane is the one substance in the Universe which has solely beneficial effects with zero detriments. Please, let's re-write the engineering and science books on this one.
Reason 4 for being a Landlord and being your own boss.. you can take as many drugs as you like and not worry about taking some drug test as part of your employment.
Of course if Roberto has a stash in one of his properties.. the property will be confiscated and sold by the police at auction.
I'm far from an expert, but I don't believe anyone is talking about moving profits overseas, they are talking about LEAVING them overseas. The profits are made by an overseas subsidiary by playing games with transfer prices.
there is nothing to leave overseas.. profits are a bookkeeping entry and taxable by the US and Foreign countries. You still havent figured out how much to tax since the same overseas profit has already been taxed by foreign govt and US regulations applies the Foreign tax credit so the same profit isnt taxed twice.
What is overseas is "cash". Part of it 3-4 months working capital to pay for employees, rent, taxes, and other expenses. The bulk that isnt tapped for major construction projects or to buy Treasury Paper. So taxing more to pay the Treasury holders is no more than a dog chasing its tail. Your taxing more to pay back the IOUs you have issued. But the Govt Spending problem still remains since the Govt cannot control is behavior.
as far as Transfer Pricing Agreements.. the vast majority are simple cost plus.. it costs a sub $10,000/month operate for a couple sales people (Salary,PR Tax, Rent, taxes and other) so the they charge 5-10% above costs.. for their local statutory books, that comes to revenues at $11,000 and net profit of $1,000 after expenses of $10,000. With low tax of 15% that leaves $850 in the bank to do with as needed.. non expense charge.. Buy Fixed Assets, make a refundable deposit, etc.
The $11,000 is eliminated by equal amounts in the interco accounts. And for US Tax purposes all the global revenues less less expenses less taxes paid leaving Taxable income (per IRS not GAAP) are still taxable/payable to the IRS. There is no game here. Your not going to get some big mountain of cash as you believe.. thats not going to happen.
tatupu70
2013 Nov 3, 3:47am
there is nothing to leave overseas.. profits are a bookkeeping entry and taxable by the US and Foreign countries
Really? What do you know that these folks don't then?
http://qz.com/53949/four-charts-that-show-us-multinationals-hiding-profits-abroad/
http://www.dailykos.com/story/2013/06/10/1215040/-US-Corporations-Hiding-Taxable-Income-Overseas#
"Like other companies, Apple typically keeps profits on overseas sales in overseas accounts. When someone buys an iPad in Paris or Sydney, for instance, the profit stays outside the United States."
"Apple may pay some corporate income taxes on that profit to the country where it sells the iPad, but it minimizes these by using various accounting moves to shift profits to countries with low tax rates. For example the strategy known as "Double Irish With a Dutch Sandwich," routes profits through Irish and Dutch subsidiaries and then to the Caribbean."
http://news.yahoo.com/apples-phantom-taxes-hide-billions-profit-183821426--finance.html
The key point being that companies don't owe taxes on profits that stay in overseas accounts.
"And just like other corporations, Apple leaves cash overseas. If it brought it home to the U.S., it would have to pay federal income taxes on the money (though it would get a credit for foreign taxes already paid)."
as far as Transfer Pricing Agreements.. the vast majority are simple cost plus
Sure, unless you are trying to avoid paying taxes.
"Like other companies, Apple typically keeps profits on overseas sales in overseas accounts. When someone buys an iPad in Paris or Sydney, for instance, the profit stays outside the United States."
everthing is taxable and payble current or defferred.. the excessive cash is used to buy US treasury paper.. look up how much CASH apple has compared to US Govt paper. page 57... http://investor.apple.com/secfiling.cfm?filingID=1193125-13-416534&CIK=320193
out of $147B they only have $5B real cash in all their global accounts. The rest went to buy Treasury paper..
so you want more taxes to pay back Apple for buying Treasuries ?
tatupu70
2013 Nov 3, 4:05am
everthing is taxable and payble current or defferred
Thomas--this is why I find it hard to believe that you are a controller, about to be a VP. This is basic stuff that even I know and I'm definitely NOT an accountant.
"The U.S. currently taxes worldwide income at a rate of as much as 35 percent. Most companies pay lower effective rates because the U.S. allows them to claim tax credits for payments to other governments and defer taxation until profits are brought home."
"Apple may pay some corporate income taxes on that profit to the country where it sells the iPad, but it minimizes these by using various accounting moves to shift profits to countries with low tax rates. For example the strategy known as "Double Irish With a Dutch Sandwich," routes profits through Irish and Dutch subsidiaries and then to the Caribbean."
Page 64.. http://investor.apple.com/secfiling.cfm?filingID=1193125-13-416534&CIK=320193
Indefinitely invested earnings of foreign subsidiaries (4,614 )
say $4.6 Billion... which goes to foreign expansion costs to build Apple Store construction and other projects.
The FTC will avoid double taxation, but what ever lower rates you pay to foreign
govt is made up by the difference up to 35% or such by the IRS.
And dont forget.. the bigger you are .. the more IRS audits you get. And if the IRS
doesnt like what your doing so they will disqualify the treatment and you will pay.
tatupu70
2013 Nov 3, 4:16am
And dont forget.. the bigger you are .. the more IRS audits you get. And if the IRS
doesnt like what your doing so they will disqualify the treatment and you will pay.
It's not against the law. For the fiftieth time. It's not taxable to the US until you bring the money back to the States.
It's taxable in the country where the subsidiary is located. Until it is brought back to the US.
you think the foreign taxing authority dont get their cut in Payroll, VAT and Income Taxes... they sure do.. and they too do their audits of the Subs...
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In 1994 we passed Prop 187 in California to keep invaders from mexico off welfare and other tax-payer funded programs.
We also passed "english only" for our schools, but it's ignored.
We forced "big tabacco" to pay for health care because they sold a deadly, and addictive, product. But now the gov, allows dope to be smoked, and it's a much more dangerous drug with much worse health effects.
Obama is a lying joke, and gets a pass, but the lib-media called Bush a liar when military intell was wrong. What a bunch of freaks.
Those things only bug me a little bit.
What is frustrating me now is watching America slide into a shit hole. It is alot like when I seen the free loans and loose lending "programs" in 1999 create a jump in prices, and when I said something about it being a bad thing with a bad ending, all of the Pro-RE people said I was crazy... and it pissed me off, but I was right. So, as I sit here and watch the cancer of liberalism destroy America, I cant help be notice how much it's the same. While conservatives and Christians keep trying to point out that America is turning to crap due to a lack of morals and ethics, those on the left act like Tea Party people are just crazy loones from the Stone Age. This too will end in a crash. It pisses me off, and I am right. Liberalism ( or call it socialism, communism, leftistism, progressivism, anti-Christianism, anti-Americanism) ... call it what you wish, is a bad idea.
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