|
  |
|
|
Corporate and Citizen Welfare
Note This initially started as a comment to "Bailouts" ~ was too long, so continuing ... Bailouts are just "corporate welfare" just like "public assistance" for individuals who receive food, medical, and housing to support minor children, funded by residence state. Contrary to the belief of citizens who are not familiar with the bookkeeping aspects of how these programs are funded ~ it is not 100% CASH! Example ~ food-stamp program. A participant spends $100 for food-only items, at the store. Bookkeeping from the store end of the transaction, for the $100 dollar purchase is broken down into cost of items sold and profit margin ~ let's say 60-40. The store gets to reduce food inventory by 60% [works like depreciation] and the 40% profit margin is treated like discount on sales - this is like not having to pay taxes on $40 in real sales. The bottom line for the store is reduced tax burden. No cash money for the store. When the $100 value is submitted to the State, the state gets credit for its resident using the program, which justifies federal funding. The state may give the store a portion of $100 in another tax-break of $90 and $10 tax-free cash dollars. The food-stamp program does not affect wage-earners's tax-payrer contribution, just reduce tax-burden to store owners. Housing program ~ an individual homeowner can place his/her home in the public assistance program; however, there are specific standards to qualify. If the house meets standards and had a market rental value of $1,500/mo; public assistance program may offer $1,000. The home owner does not get any benefit for the $500 market-value reduction because more than likely the house is empty; thus, $0 income. This transaction is like being a housing sub-contractor to the government. The home-owner has to pay taxes on the $1,000 reduced by expenses of upkeep (property - maintenance and repair). Detailed records have to be maintained for at least 10 years. So, regular people who have no knowledge of tax-accounting rants about welfare matters that is not directly attached to their tax contributions. People who should be ranting are those who are barely making it, the closer they are to becoming homeless the more they pay in taxes and interest. Bailouts' bookkeeping is a little different, depending on the agreed parameters, like in the following examples: * a bare bone operations of the entity, including upper management base-salary is determined ~ no provisions for investors are included (tax-breaks are already established for stock-holders' values increase/decrease, loss, ...)
* bill-collectors are classed and a percentage of income is designated so all can realize expected income [realization establishes their income tax base for losses and income projection] ** taxes before bill collectors
* bailout entities should be restricted from rolling losses back, beginning from the date "bailed" and any prior years that has not been submitted to reduce tax-burden
* submitted losses should be considered and any tax refunds realized should be pooled and disburse to bill-collectors
* upper management man-dated to submit reports 30-day, 60-day and 90-day, explaining how day-to-day operations improves profitability ~ to include
~ overlapping operations that can be merged
~ upgrading responsibilities of personnel [increase workload]
~ hire financial disciplined interns (graduating degree graduates understand they will not get paid and that on-the-job experience is worth more than the classroom theory they may still owe in student loans) and forgive their student loan debt via an established percentage per hour and free room and board in some of the vacant housing in the area ************* interns who have good ideas should be encouraged and openly welcomed to submit to the oversight committee; not their program advisor and definately not current upper management ~~ oversight committee could consult with upper management to compile feasibility reviews as part of one of the man-dated reports
|
|
 |
|
No reactions yet.
Please login or sign up to rate this intel.
Please login or sign up to add a comment.
The copyright for this content entitled "Corporate and Citizen Welfare" has been specified by the contributor as:
All Rights Reserved
This content may not be copied, distributed or adapted by anyone under any circumstances.
|
|
|
This intel was contributed by JazLive
JazLive
|
May, 2012
2008
January, February, March, April, May, June, July, August, September, October, November, December
2009
January, February, March, April, May, June, July, August, September, October, November, December
2010
January, February, March, April, May, June, July, August, September, October, November, December
2011
January, February, March, April, May, June, July, August, September, October, November, December
2012
January, February, March, April, May
|
|
Not a member yet?
Qondio is a powerful network for making it online. If you have a website to
promote, we can help.
Sign up and get in on the action.
|
|
Welcome to Qondio! Discover the awesome power this network can deliver by going to our About page. Or you could skip straight to the Sign Up form.
|
|
