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**nvideoe** · 08-03-2011, 04:08 PM

Having to do with Walker's persecution of unions in WI, but having much to do with Ohio, Indiana and every one of us in the long run that had and have advantages brought forth by individuals who fought and suffered to bring us unions.

PolitiFact | Wisconsin budget crisis inspires national ads

Have you even read the article that you linked to?

We’re ruling on the statement, "Money is being taken away from workers, and the tax breaks given to major corporations. " Money is indeed being taken away from workers who will see lower overall compensation, and particularly smaller paychecks. Also, companies that employ significant numbers of workers are getting tax breaks. But the tax breaks signed into law so far are linked to job creation, not simply whether the company is a major corporation or not. Tax breaks are being given to business in the midst of a budget crisis, though. So we rate this statement Mostly True. Besides that....try this on for size....businesses factor tax cost into their price structure. Profit from a Subchapter S corporation or a Partnership passes through to the shareholders/partners who then pay taxes on it. The business entity generally isn't responsible for any taxes. Partners in a Partnership pay not only ordinary income tax on the proceeds from the business but also have to pay Self Employment tax. Shareholders in a Subchapter S Corporation are required to take a reasonable salary and they are taxed on that as well as having to pay income tax on any pass-through profits. A Corporation (C Corp) IS responsible for paying taxes on its profits but that factor is built into the pricing so the more tax they are forced to pay the higher their prices need to go.

As far as government workers getting their pay cut....the money that they contribute to their retirement isn't really a cut. It's still their money and they will get a future value for that money which will be a multiple of what they have contributed. As far as paying for their own health care....tough shit...welcome to the real world.

08-03-2011, 04:08 PM	#3
nvideoe Join Date Oct 2005 Posts 489 Senior Member	Having to do with Walker's persecution of unions in WI, but having much to do with Ohio, Indiana and every one of us in the long run that had and have advantages brought forth by individuals who fought and suffered to bring us unions. PolitiFact \| Wisconsin budget crisis inspires national ads Have you even read the article that you linked to? We’re ruling on the statement, "Money is being taken away from workers, and the tax breaks given to major corporations. " Money is indeed being taken away from workers who will see lower overall compensation, and particularly smaller paychecks. Also, companies that employ significant numbers of workers are getting tax breaks. But the tax breaks signed into law so far are linked to job creation, not simply whether the company is a major corporation or not. Tax breaks are being given to business in the midst of a budget crisis, though. So we rate this statement Mostly True. Besides that....try this on for size....businesses factor tax cost into their price structure. Profit from a Subchapter S corporation or a Partnership passes through to the shareholders/partners who then pay taxes on it. The business entity generally isn't responsible for any taxes. Partners in a Partnership pay not only ordinary income tax on the proceeds from the business but also have to pay Self Employment tax. Shareholders in a Subchapter S Corporation are required to take a reasonable salary and they are taxed on that as well as having to pay income tax on any pass-through profits. A Corporation (C Corp) IS responsible for paying taxes on its profits but that factor is built into the pricing so the more tax they are forced to pay the higher their prices need to go. As far as government workers getting their pay cut....the money that they contribute to their retirement isn't really a cut. It's still their money and they will get a future value for that money which will be a multiple of what they have contributed. As far as paying for their own health care....tough shit...welcome to the real world.
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