69% of Corporations Tax-Exempt

[Star]

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The percentage of U.S. corporations organized as nontaxable businesses has grown from about 24 percent in 1986 to about 69 percent as of 2008, according to the latest-available Internal Revenue Service data.

By some estimates, more than 60 percent of U.S. businesses with profits of $1 million are structured as pass-throughs, the highest rate among developed countries.




Paul Buchheit 13 May 2013:Corporations Stopped Paying

In the past twenty years, corporate profits have quadrupled while the corporate tax percent has dropped by half. The payroll tax, paid by workers, has doubled.

In effect, corporations have decided to let middle-class workers pay for national investments that have largely benefited businesses over the years. The greater part of basic research, especially for technology and health care, has been conducted with government money. Even today 60 percent of university research is government-supported. Corporations use highways and shipping lanes and airports to ship their products, the FAA and TSA and Coast Guard and Department of Transportation to safeguard them, a nationwide energy grid to power their factories, and communications towers and satellites to conduct online business.

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[buckeye45_73]

so who increased the payroll tax????
And I think those numbers are dubious

 

[Missourian]

Businesses don't pay taxes. They price-in the tax rate and pass it on to the consumer.

 

[Saigon]

It always amazes me that posters who go on and on about freeloaders and welfare cheats seem to have no problem with corporations freeloading or cheating.

Is there a reason why companies should not pay their fare share?

Is this what Romney meant by the 47%?

 

[Saigon]

This from the WSJ seems to confirm the OP's point:

The percentage of U.S. corporations organized as nontaxable businesses has grown from about 24% in 1986 to about 69% as of 2008, according to the latest-available Internal Revenue Service data. The percentage of all firms is far higher when partnerships and sole proprietors are included.

More U.S. Businesses Enjoy Tax-Free Status - WSJ.com

 

[Political Junky]

"We don't pay taxes. Only the little people pay taxes."
- Leona Helmley

 

[Star]

This from the WSJ seems to confirm the OP's point:

The percentage of U.S. corporations organized as nontaxable businesses has grown from about 24% in 1986 to about 69% as of 2008, according to the latest-available Internal Revenue Service data. The percentage of all firms is far higher when partnerships and sole proprietors are included.

More U.S. Businesses Enjoy Tax-Free Status - WSJ.com

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Right Saigon, and-----and the Republican definition of freeloaders and welfare cheats don't get government contracts but-----but many corporate freeloaders and welfare cheats, not only get a free pass from the tax man, they get government contracts that suck up the tax dollars you, me and yeah, a whole bunch of Republicans who stupidly vote to keep in office the politicians that allow these corporate pick-pockets to lift the Franklins from our wallets.

Republicans have a mental conflict, they hate social programs that help natural persons that are experiencing tough times but-----but love social programs that give our tax money away to corporate 'persons' that are experiencing record profits.


Turning Taxes Into Thin Air

Corporations have used numerous and creative means to avoid their tax responsibilities. They have about a year's worth of profits stashed untaxed overseas.

According to the Wall Street Journal, about 60 percent of their cash is offshore. Yet these corporate 'persons' enjoy a foreign earned income exclusion that real U.S. persons don't get.

Corporate tax haven ploys are legendary, with almost 19,000 companies claiming home office space in one building in the low-tax Cayman Islands. But they don't want to give up their U.S. benefits. Tech companies in 19 tax haven jurisdictions received $18.7 billion in 2011 federal contracts.

A lot of smaller companies are legally exempt from taxes. As of 2008, according to IRS data, fully 69 percent of U.S. corporations were organized as nontaxable businesses.

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[akelch]

Businesses don't pay taxes. They price-in the tax rate and pass it on to the consumer.

Exactly!!!!! We need to change the tax structure understanding this truth.

 

[jwoodie]

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The percentage of U.S. corporations organized as nontaxable businesses has grown from about 24 percent in 1986 to about 69 percent as of 2008, according to the latest-available Internal Revenue Service data.

By some estimates, more than 60 percent of U.S. businesses with profits of $1 million are structured as pass-throughs, the highest rate among developed countries.

Referring to small nonprofit organizations as "businesses" is a deliberate deception (what a surprise). Do any of you actually process information through your brains, or is there just a direct connection between your ears and your mouths?

 

[Saigon]

jweoddie -

Try reading the material presented before you ridicule it. Many of the organisations involved are massive enterprises, not charities.

 

[jwoodie]

jweoddie -

Try reading the material presented before you ridicule it. Many of the organisations involved are massive enterprises, not charities.

So why include small charities in your 69% "statistic?"

 

[Wyatt earp]

Businesses don't pay taxes. They price-in the tax rate and pass it on to the consumer.

Exactly!!!!! We need to change the tax structure understanding this truth.

How would that work? force the companys to eat the taxes and not pass it on to the consumer. just curious what would you propose?

 

[LogikAndReazon]

Businesses don't pay taxes. They price-in the tax rate and pass it on to the consumer.

Exactly!!!!! We need to change the tax structure understanding this truth.

A blinding glimpse of the obvious, yet iberals are too dumb and clueless to understand this..........

 

[TemplarKormac]

Yeah, we know that because the IRS decided to audit all the rich folks. I will never again take the IRS seriously again. They can go fuck themselves sideways.

 

[Redfish]

It always amazes me that posters who go on and on about freeloaders and welfare cheats seem to have no problem with corporations freeloading or cheating.

Is there a reason why companies should not pay their fare share?

Is this what Romney meant by the 47%?

Geez, you guys never get it. Take an econ 101 course. Corporations do not pay taxes, consumers pay taxes. whatever tax a corporation is charged it is included in the price of whatever they sell to us.

raise taxes on walmart and they have to raise their prices in order to stay in business.

But, if you really want to see who is paying taxes, check what the oil companies pay (or we pay in the price of every gallon of gas)

who profits most from oil sales???? do you know? The government, thats who, and we are paying it.

 

[Redfish]

Businesses don't pay taxes. They price-in the tax rate and pass it on to the consumer.

Exactly!!!!! We need to change the tax structure understanding this truth.

How would that work? force the companys to eat the taxes and not pass it on to the consumer. just curious what would you propose?

eliminate all corporate taxes. business would boom in this country, corporations would be moving here from all over the world. employment would increase tremendously-----and all those new employees would be paying taxes.

Its really not very complicated, but as long as the libtards in govt and the media demonize businesses nothing will change.

 

[Steelplate]

Yeah, we know that because the IRS decided to audit all the rich folks. I will never again take the IRS seriously again. They can go fuck themselves sideways.

Can't get blood from a stone skippy. 80% of the people in this country don't have a pot to piss in.

 

[Redfish]

Yeah, we know that because the IRS decided to audit all the rich folks. I will never again take the IRS seriously again. They can go fuck themselves sideways.

Can't get blood from a stone skippy. 80% of the people in this country don't have a pot to piss in.

I think your 80% is high, but the number of people below the poverty line is higher than ever before under obama, more on food stamps than ever before. ain't liberalism great?

 

[akelch]

Businesses don't pay taxes. They price-in the tax rate and pass it on to the consumer.

Exactly!!!!! We need to change the tax structure understanding this truth.

How would that work? force the companys to eat the taxes and not pass it on to the consumer. just curious what would you propose?

Eliminate all corporate and payroll taxes and pass a national sales tax at the final purchase level.

www.fairtax.org

 

[KissMy]

Businesses don't pay taxes. They price-in the tax rate and pass it on to the consumer.

That is a lie. All corporate tax is not passes on to consumers.

Small business pays taxes that big business does not pay. We have a regressive tax system that subsidize big business & rich people. The US has the lowest upward mobility rate in the western world because the rich pay lower tax rates than the workers who produce the wealth.