Posted on 02/27/2014 10:48:21 PM PST by JerseyanExile
In another example of the government picking winners and losers, the House Ways and Means Committee, in its long-awaited tax reform bill, singles out violent video game makers for tax increases.
On page 19 of the executive summary, the committee mentions an improved and permanent research and development tax credit, which has benefitted countless industries from manufacturers to software creators to food producers.
The summary advocates for “an improved, permanent R&D tax credit, finally giving American manufacturers the certainty they need to compete against their foreign competition who have long had permanent R&D incentives."
Well, unless they make violent video games.
Despite the promise of an improved R&D tax credit, the bill – on page 24 – removes that tax credit from the violent video game industry, under a section about closing loopholes.
One of the plan's provisions: “Preventing makers of violent video games from qualifying for the R&D tax credit."
This is funny, given the fact that on the very next page the summary says the bill “stops the practice of using the tax code to pick winners and losers based on political power rather than economic merit.”
(Excerpt) Read more at washingtonexaminer.com ...
We need to pull a Ukraine and storm the castle so the adults can take over.
The Elites continue to show their insanity and arrogance.
There should be ONE rate and no exception or subsidies
Then few pages away singles out software companies making games..
Stuff like this makes the GOP look really old and out of touch.
The GOPe are losers through and through
via nsa
“the only people consistently buying violence rated games are stuck in their parents basements who as we all know those parents are the only people paying taxes so we should tax those taxpayers more”
I've been saying this for a while — along with witholdings.
Income-tax is particularly insidious in that regard.
| Tax Reform Amendment Section I No tax, federal or state, shall ever be withheld from the wages of a worker of any citizen of either. Section II No property shall be seized for failure to pay taxes until after conviction in a jury trial; the right of the jury to nullify (and thereby forgive) this debt shall never be questioned or denied. Section III The second amendment is hereby recognized as restricting the power of taxation, both federal and state, therefore no tax (or fine) shall be laid upon munitions or the sale thereof. Section IV The seventh amendment is also hereby recognized, and nothing in this amendment shall restrict the right of a citizen to seek civil redress. Section V No income tax levied by the federal government, the several States, or any subdivision of either shall ever exceed 10%. Section VI No income tax levied by the federal government, the several States, or any subdivision of either shall ever apply varying rates to those in its jurisdiction. Section VII No retroactive or ex post facto tax (or fee) shall ever be valid. Section VIII The congress may not delegate the creation of any tax or fine in any way. Section IX No federal employee, representative, senator, judge, justice or agent shall ever be exempt from any tax, fine, or fee by virtue of their position. Section X Any federal employee, representative, senator, judge, justice or agent applying, attempting to apply, or otherwise causing the application of an ex post facto or retroactive law shall, upon conviction, be evicted from office and all retirement benefits forfeit. |
I know some of us wanted the pubbies to start playing the way the dems do ... but it was never intended they would start by targeting and taxing free enterprise.
It’s okay, but it comes across as written in anger. Plus when you specifically enumerate, you implicitly exclude anything not on the list, so you should be more generic, like Federal employee, appointee, Elected, Consultant ... etc ...
They want to punish makers of games like Call Of Duty, but have no problem sending kids into real world versions of that game.
“They want to punish makers of games like Call Of Duty, but have no problem sending kids into real world versions of that game.”
Not only that, but if you truly wanted to go after the group most influencing people towards inappropriate violence, the movie industry would be a far better target. That said, I don’t advocate using taxes as a stick in any case.
Republicans - the party of small government and fairness. Lol
ok i am in
if i sneak into your room and whisper all those good ideas (sweet nothings) into your ear you won’t tax me when you wake
will ya shark
but i would love any biting reply
I agree, but what you describe is quite literally not possible.
Business taxation is based net income, which is income minus expenses.
By definition such a system has to define what qualifies as an expense in great detail. In doing so some activities and businesses will be favored and others disfavored.
There's also another term for something that taxes only one group. Its also illegal.
I like it!
Hm, how do you figure that? (What parts?)
Plus when you specifically enumerate, you implicitly exclude anything not on the list, so you should be more generic, like Federal employee, appointee, Elected, Consultant ... etc ...
This is true; the problem is that federal employee
seems to be rather whimsically applied when it comes to congressmen — remember John Murtha? He got out of being held liable for slander because judges considered him a federal employee
and doing his job
so that they could excuse him from calling some marines murderers on public/national TV.
Sorry, it’s just looks like it’s written by somebody with a chip on their shoulder.
To me, at least, it seems like forcing full financial disclosures with clean bill of health from the IRS (audit) at every election cycle would be better than enforcing taxation on them.
We don’t have a right to privacy anymore, why should they?
Well, I won't lie: I'm very disturbed by (and both religiously and philosophically opposed to) withholdings.
(James 5:4)
Behold, the wages of the laborers who mowed your fields, which you kept back by fraud, are crying out against you, and the cries of the harvesters have reached the ears of the Lord of hosts.(Proverbs 3:27-28)
Do not withhold good from those to whom it is due, when it is in your power to do it. Do not say to your neighbor, “Go, and come again, tomorrow I will give it”—when you have it with you.(Deuteronomy 24:14-15)
“You shall not oppress a hired servant who is poor and needy, whether he is one of your brothers or one of the sojourners who are in your land within your towns. You shall give him his wages on the same day, before the sun sets (for he is poor and counts on it), lest he cry against you to the Lord, and you be guilty of sin.(Malachi 3:5)
“Then I will draw near to you for judgment. I will be a swift witness against the sorcerers, against the adulterers, against those who swear falsely, against those who oppress the hired worker in his wages, the widow and the fatherless, against those who thrust aside the sojourner, and do not fear me, says the Lord of hosts.
The whole system of tax-credits, write-offs, exemptions is so prone to abuse that I think all I need to say about that is: look at my tagline.
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