8 comments:

• Darrell Baumbach posted at 10:37 am on Sun, Jul 22, 2012.

  Posts: 9403

  Part of success is investing capital in employees...

  and Lodi News sentinel is doing just that. They made the changes they did without laying off any employees. They know that staff and reporters that make up the heart of the paper are vital to it's success. Like any good business, they must do what it takes to survive. They made a decision during hard economic times to reduce expenses while at the same time show loyalty to it's employees and consumers who buy the product they produce. I think Lodi should be enthusiastic about their decision to be responsible and do what they considered appropriate.

  Yes we have one less day to enjoy a good thing. However, considering the harsh economic climate news papers face, I would think people would be thankful and appreciative. For people who think paying a little more for something of quality is a good thing, I would think you would consider paying more directly. What is stopping you from writing an extra check for a $100.00 and handing it to Marty

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• Darrell Baumbach posted at 10:24 am on Sun, Jul 22, 2012.

  Posts: 9403

  Ms Bobin stated... How could that be true when, from the tax return Mitt Romney made publc, it was revealed that, on an income of $250 MILLION, he paid an effective tax rate of LESS THAN 14%

  I have to admire any creative and successful man who can be a great leader in helping a company to achieve success. Part of success is investing capital in employees. When a company does this, it becomes a tax deductible expense to the corporation. This in turn reduces profit and taxes the company pays to the IRS. We need a leader like Romney that has the wisdom and brain power to effectively create more jobs. Below is a list of companies that illustrate just where taxes come from... The leaders of the companies may not have paid that much in tax, but thanks to leaders like Romney, many corporations do. Unless of course you have Obama connections like GM where the CEO is on Obama's economic team, they paid no Tax.

  ExxonMobil in 2011 made $27.3 billion in cash payments for income taxes. Chevron paid $17 billion and ConocoPhillips $10.6 billion... these companies also had the highest effective tax rates. Exxon’s tax rate was 42.9%, Chevron’s was 48.3% and Conoco’s was 41.5%. That’s even higher than the 35% U.S. federal statutory rate.

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• Joanne Bobin posted at 9:54 am on Sun, Jul 22, 2012.

  Posts: 3215

  Trying to post a correction to the numbers, but keep getting some type of odd notification. Oh, well.

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• Darrell Baumbach posted at 9:46 am on Sun, Jul 22, 2012.

  Posts: 9403

  Alex stated...Darrell, we both know "Romney Think" goes more like this: Hey, I bet I could take over management of this company, take out an absurd amount of loans against it, pay myself a hefty management fee, then force it into bankruptcy...

  Very accurate Alex. Congratulations! You articulated exact perception that socialists and communists have of capitalism. Booo... the boogee man is the capitalist in the minds of the utopian liberal progressive left. As Mr Liebich often states as well as Charley Brown, "good grief".

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• Joanne Bobin posted at 8:21 am on Sun, Jul 22, 2012.

  Posts: 3215

  Mr. Baumbach wrote: "The highest income earners pay close to 40% of their income in tax and get benefits based on the taxes they pay."

  How could that be true when, from the measly ONE tax return Mitt Romney made publc, it was revealed that, on an income of $250 MILLION, he paid an effective tax rate of LESS THAN 14%?

  Doing the math, that's 35 million in taxes. He still keeps 215 MILLION of his income (which is income on investments from the money he already has), not to mention all the money he has hidden in Swiss accounts and income hiding schemes in the Caymen Islands and the Bahamas.

  And imagine the PRINCIPAL amount it takes to EARN 250 MILLION in ONE YEAR on the money you already have!

  Whaaaaa! I feel so sorry for millionaires....and the poor people, in comparison, who feel they are being put upon.

  As one at the bottom of the food chain, Mr. Baumbach continues to pander to those who make millions more, pay less, and ask for more breaks.

  As for the popular refrain, "49% pay no income taxes," try to think for one minute WHY that could possibly happen. Could it be they make too little? That is why they are called the "working poor," people who are out there doing their best to survive, yet the only break they get is not having enough income to pay tax.

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• Alex Kennedy posted at 8:34 pm on Sat, Jul 21, 2012.

  Posts: 215

  Darrell, we both know "Romney Think" goes more like this:
  Hey, I bet I could take over management of this company, take out an absurd amount of loans against it, pay myself a hefty management fee, then force it into bankruptcy, default on all the loans I paid myself with, lay off all its employees and offshore my profits to my Swiss/Cayman account. 

  
  Not only is that "Romney Think," that's how he made his hundreds of millions of dollars.

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• Darrell Baumbach posted at 7:54 am on Sat, Jul 21, 2012.

  Posts: 9403

  If however one embraces “Romney Think”, everyone should pay their fair share with no free rides. A flat tax system is one that seems fair. If someone is poor, middle class, or rich, the paper should be the same price. Everyone pays the same price for gas no matter their income and “Romney think” would consider it fair that everyone pay the same price for the paper. “Romney Think” would also perceive they Lodi News Sentinel made a great decision in reducing its expenses rather than pass on the cost to the consumer during harsh economic times. In fact, 5 days a week of a quality paper is more than enough. I rather enjoy the Monday break and focus on other things.
  Lodi News Sentinel is a wonderful paper. I thought reducing one day of news was a great way of fixing an economical problem the paper faced. I think if someone is willing to change papers over something so minor as having one less day to read it, they really did not appreciate the paper in the first place.
  

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• Darrell Baumbach posted at 7:41 am on Sat, Jul 21, 2012.

  Posts: 9403

  I think it depends on whose philosophy you embrace on who should pay for what.

  If you consider “Obama Think” , it would not be fair for everyone to chip in a little to solve the problem. Why? Let’s look at the federal income tax. Currently, 49% of all people pay no income tax yet receive many benefits because of the taxes others pay. The highest income earners pay close to 40% of their income in tax and get benefits based on the taxes they pay.

  “Obama Think” perceives that the rich are not paying their fair share and want to increase their tax even more and continue to redistribute the wealth to people who pay nothing in tax.

  This kind of thinking would say that the Lodi News Sentinel should immediately deliver a free paper to the 49% that pay no tax, and increase the cost to the well off in Lodi who already pay 40% of their income in tax. The well off should pay for everyone’s paper to mirror our progressive liberal tax system. That seems fair to me.
  I wonder when I will get my free paper I deserve.
  

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