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Maryland Democrats Want to Take "Abandoned" Gift Certificates for Revenue
Maryland Legislature Website ^ | 11/08/07 | Reaganesque

Posted on 11/08/2007 5:52:42 AM PST by Reaganesque

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To: okie01
In the end, the proposed confiscation of a corporate profit will result only in another tax burden for the consumer.

I bet you 90% of the people in America believe that they can "stick it to the man" like this. What they don't realize is that they're not in control.

Liberals have no idea how businesses operate or how the capitalist system performs.

The scary part is, I think they *DO* know how it works and choose to work against it.

81 posted on 11/09/2007 4:27:06 AM PST by craig_eddy
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To: craig_eddy
The scary part is, I think they *DO* know how it works and choose to work against it.

In the case of the liberal leadership, you're doubtless correct.

In terms of the liberal "rank & file", however, they have no idea how it works. Take my sister, the social worker, for example.

She believes taxes should be raised. Why? To punish "the rich and the (evil) corporations", that's why.

What would that accomplish, I ask. It "would make it fair", she responds.

Based on prior experience, a tax increase on the rich would actually shrink government revenues, say I. Further, it would cause many people -- a lot of them "poor" -- to lose their jobs. Finally, corporations don't pay taxes -- they pass them along to the consumer. So, it would be we -- and the poor -- who would pay higher taxes on corporations. The rich would still be rich, but the poor would be poorer. How is all this "fair"?, I ask.

"I don't want to talk about it anymore."

The conversation endeth...

82 posted on 11/09/2007 7:05:37 AM PST by okie01
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To: Fishtalk
For isn’t this money now essentially a contribution?

The business contributed nothing. Their interest in the transaction has nothing to do with "gifts" or "gift taxes". The concept of "gift" exists between the purchaser of the gift card and the eventual recipient of the card. The concept of "gift" has nothing to due with the business that sells the card.

You are very very confused.

83 posted on 11/09/2007 9:42:29 AM PST by been_lurking
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To: Reaganesque

There's an old word for this...

84 posted on 11/14/2007 12:01:37 PM PST by HowlinglyMind-BendingAbsurdity
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