We’re No. 1: In highest corporate taxes

D

deleted15807

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^ Congress writes the tax code. Paul Ryan's new budget claims to close $700 billion in unspecified(of course) tax loopholes.
 

keithcc

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It's the concept of effective vs. statutory that is important. Which hasn't changed. Nor has the dishonesty of public hand-wringing over the statutory rate when all non-children understand that, in practice, our corporations often pay very little in taxes. E.g., General Electric paying zero dollars last year.

So, I call bullshit on your thread.


Huge corporations, particularly huge and connected ones, pay little in taxes. GE paid none.

Small companies without the assets to manipulate their business to dodge taxes do pay, enough so that the US is less attractive for startups.

Who creates jobs? Not government. Rarely huge companies. Successful startups and expanding small to medium size corporate operations do. Companies with between a hundred and ten thousand people create almost all the jobs that aren't temporary, or high turnover positions, or which require highly unusual skills or advanced training. GE hires a pile of shemps and H-1Bs and offshore positions and a few rocket scientists every year. That's it.

Those operations are not able to dodge taxes like Microsoft, Berkshire Hathaway and GE.

When government finances a startup it invariably implodes because it is politically impossible to do what has to be done in a startup and because bureaucrats are stupid and lazy.
 
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deleted15807

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Who creates jobs? Not government. R

Huuum what are teachers and police and firefighters?

But far more interesting a join date of 2006 and zero posts until now? What gives? A new sleeper cell is now awake? Or a banned member is now back under a new identity?

 

Mensch1351

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When the Democrats regain control of Congress they should do 2 things:

1) Declare null and void any US government contracts & tax subsidies for businesses that move their corporate headquarters out of the country (eg Halliburton!) Didn't they move their world HQ's to Dubai??

2) INCREASE taxes on those who outsource. Decrease taxes on businesses that stay here and hire Americans,

3) Political contribution reform down the line. We need a Congress that isn't paid for by Wall Street! I fully believe that one day the American people will DEMAND this or election after election they will oust the incumbents of BOTH parties until this happens!

I'm sick to death of fearing that corporations would punish America if we don't treat them better. They are determined to bring this nation to it's knees if they can get away with it! Do whatever it takes to protect us!
 

keithcc

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Huuum what are teachers and police and firefighters?

But far more interesting a join date of 2006 and zero posts until now? What gives? A new sleeper cell is now awake? Or a banned member is now back under a new identity?


Fair enough. I joined and lurked. I never posted until yesterday, because having had a corporate aviation career I still didn't feel comfortable about posting in a large penis forum. I decided since I am now retired who gives a shit?

A society needs teachers and it needs firefighters, but they are not a large enough career field to solve unemployment. What made America prosperous was manufacturing-a lot of factory jobs and people in the office to manage them. We lost that.
 
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deleted15807

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Fair enough. I joined and lurked. I never posted until yesterday, because having had a corporate aviation career I still didn't feel comfortable about posting in a large penis forum. I decided since I am now retired who gives a shit?

A society needs teachers and it needs firefighters, but they are not a large enough career field to solve unemployment. What made America prosperous was manufacturing-a lot of factory jobs and people in the office to manage them. We lost that.

All that is meaningless without an infrastructure which private enterprise has no desire to foot the bill.
 

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When politics comes up in conversation and someone tries to argue republican views with me I meet them with the same level of fact checking they have done.

"US corporations pay more in taxes than anyone else." (or some variation there of)

I reply with "I heard obama jacked up the tax rates for corporations from 27% to 51% in his first year."

The last two times that conversation has taken place the people I was talking to said the same thing word for word. "I know. That's why we have to get him out of office."

It's amazing what they will believe.
 

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WHAT A JOKE, actually this transcends any idea of idiotic.

Anyone with a hint of intelligence knows that almost ALL the corporations either pay no fukin taxes AT ALL and more egregiously, they receive REFUNDS!
American Consumers make them wealthy and give them record profits and the less fortunate that depend on corporate tax revenue, but sadly they don't even know this, ARE GETTING SCREWED !!!!!

HH
 

TheBestYouCan

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WHAT A JOKE, actually this transcends any idea of idiotic.

Anyone with a hint of intelligence knows that almost ALL the corporations either pay no fukin taxes AT ALL and more egregiously, they receive REFUNDS!
American Consumers make them wealthy and give them record profits and the less fortunate that depend on corporate tax revenue, but sadly they don't even know this, ARE GETTING SCREWED !!!!!

HH

"In response to recent criticism of tax loopholes for the oil industry, Exxon said it has paid nearly $59 billion in U.S. taxes over the past five years, including $9.8 billion last year."

Exxon pushes back on gas price anger as profits soar - Apr. 28, 2011

"In 2010 Shell paid more than $15 billion in corporate taxes and we collected more than $80 billion in excise duties and sales taxes on our fuel and other products on behalf of governments. And that does not include the royalties, payroll, property and other taxes that we pay."

Shell and corporate tax | Shell Worldwide

What The Top U.S. Companies Pay In Taxes - Forbes.com

Soooooo... Who is being idiotic?
 

thick12

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"In response to recent criticism of tax loopholes for the oil industry, Exxon said it has paid nearly $59 billion in U.S. taxes over the past five years, including $9.8 billion last year."

Exxon pushes back on gas price anger as profits soar - Apr. 28, 2011

"In 2010 Shell paid more than $15 billion in corporate taxes and we collected more than $80 billion in excise duties and sales taxes on our fuel and other products on behalf of governments. And that does not include the royalties, payroll, property and other taxes that we pay."

Shell and corporate tax | Shell Worldwide

What The Top U.S. Companies Pay In Taxes - Forbes.com

Soooooo... Who is being idiotic?


Wow, I don't think anyone here believes that Exxon and Shell are poor, oppressed corporations who have been impoverished and made less competitive by U.S. corporate tax rates. Rhetoric FAIL.

In fact, those corporations are prime funders of the political movement which wants to take away money from teachers, health care workers, safety officers, and other middle-class workers who built the biggest, richest, strongest, most sustainable economy in the history of the world.

BTW, I looove the deceptive presentation from the Shell PR flack. Check it out: they take credit for $80 billion in duties and taxes paid by business partners and customers. That money wasn't paid by Shell at all. When they have to enter into that level of mendacity right away in order to show what a wonderful job they're doing funding our government, you know they've got nuthin'.
 

B_Evie

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The majority of corporations do pay taxes. If all our corporations didn't have to pay taxes as is ranted over and over in here, our government would collapse. Individual taxpayers do not pay enough taxes to cover our massive spending addiction. Even taxing the 1% more, who already pay the most, will do nothing to reduce our deficit simply because they are not the majority bread winners.

GE used their "Green" programs, about 500 fulltime tax attorneys, lobbyists, and their relationship with President Obama to pay no taxes. Lobbyists and special interest groups primarily work for "non profits" who pay in zero tax dollars. All politicians are guilty of giving special perks to those who contribute to their election campaigns. Remember the healthcare waivers that were issued for all the unions? These are the people who create the loopholes that you are unfairly targeting corporations for.

The majority of business do pay taxes and they pay all kinds of taxes. They also pay salaries. They pay federal and state taxes on every employee. They pay SS and Medicare on every employee. They pay unemployment insurance on every employee. They cover mileage. Many pay for, or contribute to, employee healthcare and 401K plans.

They pay for business licenses and shell out start up cash. They pay for federal, state and local business mandates. They need office space, office equipment, cleaning staff, parking spaces. They pay for conferences, certifications, personal development, electricity and gas. Some even offer to cover college classes. They pay sick time, over time, maternity leave. The list goes on and on.

Saying corporations suck and are the worst thing in America is nothing more than a personal opinion by people who have no idea what it really means to own and operate a business. People built this country by working and opening small business. Corporations ARE made up of people. In this day and age, any that are lucky to grow and survive seem to be attacked constantly for exisiting.

Instead of creating laws to punish the successful businesses, which drive up the cost of everything we like, we need to reduce big brother breathing down their necks and get over the unfair opinion people have of them.

Teachers, police and fireman do not make up the majority of the working population (all union employees). Federal, state and local employees (all unions) are growing and bankrupting cities across the nation.

It isn't the local record store or Starbucks that is our problem. It's lobbyists, special interest groups and big labor unions that are. It's lifetime politicians who pay no social security and never have to actually be held accountable for the laws they pass and perks they give. If you really want to see real change happen, these are the groups who you should focus your energy on.
 
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azbjbilly

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Ha

Evie you are so full of shit it's incredible. Blaming UNIONS, teachers, firemen, policemen for what's wrong with this country? Are you fellating Scott Walker or what? That's the same tired old ALEC line of horse shit.

Yeah those poor corporations that pay [few] taxes and get to write everything off. If their plight were so bad, then why the fuck are they still hanging around? Actually we'd be better off with NO big corporations at all.

How much in taxes did GE, Exxon, Shell, Microsoft, Apple and Koch Industries pay?

You conveniently omit how parasites like Wal Mart get all kinds of tax breaks and subsidies from State and local municipalities so they can place one of their fucking ugly big box stores in a town. Then they underprice and destroy the local businesses and ruin the local economy. All so they can sell their cheap Chinese shit to stupid American consumers.

Stop getting your talking points from Sean Hannity and try here
http://www.epi.org/

I will concede that you did get one thing right: It is lobbyists and special interest groups that are fucking all of us in the ass. Unfortunately those lobbyists and special interest groups are all working for the corporations.
 
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D_Percy_Prettywillie

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Wow, I don't think anyone here believes that Exxon and Shell are poor, oppressed corporations who have been impoverished and made less competitive by U.S. corporate tax rates. Rhetoric FAIL.

I'll be the first one to admit that I am the furthest thing from an economist that exists. Seriously, I'm mathematically proficient to maybe the level of a high school sophomore. I know slightly more about taxes... but not anywhere near enough to claim any sort of expertise.

I think that is most (at worst a lot) of people. And to convince me that Shell or Exxon are suffering corporations due to US tax code would be about as easy as inhaling a baby grand.


JSZ​
 

dude_007

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The majority of corporations do pay taxes. If all our corporations didn't have to pay taxes as is ranted over and over in here, our government would collapse. Individual taxpayers do not pay enough taxes to cover our massive spending addiction. Even taxing the 1% more, who already pay the most, will do nothing to reduce our deficit simply because they are not the majority bread winners.

GE used their "Green" programs, about 500 fulltime tax attorneys, lobbyists, and their relationship with President Obama to pay no taxes. Lobbyists and special interest groups primarily work for "non profits" who pay in zero tax dollars. All politicians are guilty of giving special perks to those who contribute to their election campaigns. Remember the healthcare waivers that were issued for all the unions? These are the people who create the loopholes that you are unfairly targeting corporations for.

The majority of business do pay taxes and they pay all kinds of taxes. They also pay salaries. They pay federal and state taxes on every employee. They pay SS and Medicare on every employee. They pay unemployment insurance on every employee. They cover mileage. Many pay for, or contribute to, employee healthcare and 401K plans.

They pay for business licenses and shell out start up cash. They pay for federal, state and local business mandates. They need office space, office equipment, cleaning staff, parking spaces. They pay for conferences, certifications, personal development, electricity and gas. Some even offer to cover college classes. They pay sick time, over time, maternity leave. The list goes on and on.

Saying corporations suck and are the worst thing in America is nothing more than a personal opinion by people who have no idea what it really means to own and operate a business. People built this country by working and opening small business. Corporations ARE made up of people. In this day and age, any that are lucky to grow and survive seem to be attacked constantly for exisiting.

Instead of creating laws to punish the successful businesses, which drive up the cost of everything we like, we need to reduce big brother breathing down their necks and get over the unfair opinion people have of them.

Teachers, police and fireman do not make up the majority of the working population (all union employees). Federal, state and local employees (all unions) are growing and bankrupting cities across the nation.

It isn't the local record store or Starbucks that is our problem. It's lobbyists, special interest groups and big labor unions that are. It's lifetime politicians who pay no social security and never have to actually be held accountable for the laws they pass and perks they give. If you really want to see real change happen, these are the groups who you should focus your energy on.


This is all a personal opinion as well.
 

thick12

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We subsidize Wal-Mart in many insidious ways outside of the tax loopholes they take advantage of. One example among many: While the Walton family enriches themselves to the point where six individual members of the Walton family are among the 40 richest Americans, they force us to pay for the health care of Wal-Mart employees and the families. Here's how: the health care insurance Wal-Mart offers their employees is completely unaffordable for the vast majority of them. So, managers at Wal-Mart stores refer their employees and the employee's families to their State's Medicaid programs.

Not illegal, but highly immoral. We need to change our laws so that Wal-Mart and other unethical businesses and the people who profit from them are prevented from using the extra profits they make from the assistance they gain from government programs to pour unlimited amounts of money into political campaign financing, in support of candidates who will tear down health, safety and labor laws and bring down the top marginal tax rates. It's an obscene game.
 
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thick12

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The majority of corporations do pay taxes. If all our corporations didn't have to pay taxes as is ranted over and over in here, our government would collapse. Individual taxpayers do not pay enough taxes to cover our massive spending addiction. Even taxing the 1% more, who already pay the most, will do nothing to reduce our deficit simply because they are not the majority bread winners.

GE used their "Green" programs, about 500 fulltime tax attorneys, lobbyists, and their relationship with President Obama to pay no taxes. Lobbyists and special interest groups primarily work for "non profits" who pay in zero tax dollars. All politicians are guilty of giving special perks to those who contribute to their election campaigns. Remember the healthcare waivers that were issued for all the unions? These are the people who create the loopholes that you are unfairly targeting corporations for.

The majority of business do pay taxes and they pay all kinds of taxes. They also pay salaries. They pay federal and state taxes on every employee. They pay SS and Medicare on every employee. They pay unemployment insurance on every employee. They cover mileage. Many pay for, or contribute to, employee healthcare and 401K plans.

They pay for business licenses and shell out start up cash. They pay for federal, state and local business mandates. They need office space, office equipment, cleaning staff, parking spaces. They pay for conferences, certifications, personal development, electricity and gas. Some even offer to cover college classes. They pay sick time, over time, maternity leave. The list goes on and on.

Saying corporations suck and are the worst thing in America is nothing more than a personal opinion by people who have no idea what it really means to own and operate a business. People built this country by working and opening small business. Corporations ARE made up of people. In this day and age, any that are lucky to grow and survive seem to be attacked constantly for exisiting.

Instead of creating laws to punish the successful businesses, which drive up the cost of everything we like, we need to reduce big brother breathing down their necks and get over the unfair opinion people have of them.

Teachers, police and fireman do not make up the majority of the working population (all union employees). Federal, state and local employees (all unions) are growing and bankrupting cities across the nation.

It isn't the local record store or Starbucks that is our problem. It's lobbyists, special interest groups and big labor unions that are. It's lifetime politicians who pay no social security and never have to actually be held accountable for the laws they pass and perks they give. If you really want to see real change happen, these are the groups who you should focus your energy on.


Evie, Evie, Evie...

You ignore the fact that corporate and business interests are by far the most powerful "special interests" there are, and that they have the most powerful lobbyists.

You ignore or are ignorant of the fact that the national Chamber of Commerce, ALEC, and other business representatives outspend Labor unions by 15-to-1 in politics, and that this ratio is growing since the "Citizens United" Supreme Court ruling.

You are ignorant of or lie to hide the fact that Federal, state and local jurisdictions have reduced the number of public employees by hundreds of thousands, and that these hundreds of thousands of new jobless have been one of the reasons the unemployment rate has remained high.

You wildly mischaracterize the discussion we are having when we try to recreate a balance between businesses, the workers they employ and customers they serve. Many businesses act in the public interest. Many others do not see this as their obligation. What do you believe should be their responsibility to the people?

Finally, you are incorrect in your claim that "healthcare waivers that were issued to all the unions" represented favoritism to them. You're flat-out wrong there.

Are unions getting a ‘disproportionate’ break from the health care law? - The Washington Post