Posted on 05/09/2014 1:52:41 PM PDT by Kaslin
Liberals don’t obey laws or regulations they don’t like PERIOD.
I agree. This forum should be full of people who don't believe in the double taxation that results from dividend distributions from most corporations. S Chapter corporations, assuming one qualifies, are one way to avoid this double-dipping by the government.
My kid took an old Fuji frame from the basement and built it into a track bike.
YMMV, but bikes are a multiple century's old tech.
Trek spokesman Eric Bjorling has defended the practice, saying that majority of businesses take advantage of the loophole. The news report noted that more than two-thirds of the 25 of the largest businesses in Wisconsin are not paying net income taxes.
Sounds like they are choosing the legal route that minimizes their tax burden. Which every business should do.
What does upset me is all the tax payer gifts they are getting.
“When asked recently if corporate taxes are a “significant detriment” to businesses in Wisconsin, Burke said no, citing her family business.”
No, not if you don’t file as a corporation. LOL.
Lefties need to pay more; As an example for the others.
I can build them, I was in the business from ‘75 to ‘95. I think it’s funny all the kids that think track bikes are hip, I was riding one (sans brakes) for early season training back in the 70’s.
By definition IIRC.
Lot’s of folks that ride them on the road have at least a front brake.
(Opinion only) Anybody who pays $3,000 or more for a bicycle, has more money than brains. Unless you're a pro and in it for cash prizes.
Let the record indicate that I am in favor of brakes.
It is interesting that 2/3 of the biggest companies in Wisconsin are privately held. This move away from a publicly held model is an under appreciated trend.
“I forgot”.....................
The prices (and what you get for it) amaze me, and I was in the business for quite some time.
That’s not a true statement. Sub-S corporations just pass the profits on to shareholders who must report and pay taxes on it. To be accurate, Trek hasn’t paid any Wisconsin CORPORATE INCOME taxes, but the shareholders paid taxes on the corporate earnings that were reported on their K-1s.
It’s no different than a sole proprietor who owns a business and takes all the profit in the form of salary, which he pays taxes on.
Your point of course is spot on, but here in the State of WI the left has made savaging WI businesses for not paying their “fair share” the cornerstone of how they go after Walker and that he puts businesses before people.
Basically we’re hanging the left here in WI up on their own petard. Made even better by the fact that the far left here in WI was already not real big on Mary Burke because she was a deep pocketed business owner.
Rules for Radicals - make others live up to their own policies, philosophies and ideals.
I have an S-Corp. This article is a lot of nonsense.
Today I would have them, the 70’s, not nearly as much traffic and not as crazy.
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