69% of Corporations Tax-Exempt

[Redfish]

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.

total horseshit-------not worthy of rebuttal.

 

[jwoodie]

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.

Appalling economic ignorance. Where else would corporations obtain funding to pay taxes except from revenue? Also, wealth is created by ideas and organization (i.e., making labor and capital more efficient and, therefore, more valuable.

 

[Redfish]

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.

Appalling economic ignorance. Where else would corporations obtain funding to pay taxes except from revenue? Also, wealth is created by ideas and organization (i.e., making labor and capital more efficient and, therefore, more valuable.

the left wing lie here is due to their hatred of corporations and business in general. their little minds are not capable of digesting the truth because it bursts their socialist bubble that government is the answer to everything and should control everything in order to punish the evil successful people.

 

[LogikAndReazon]

Ahhhhhhhhhhh....

Corporations should pay a "fair share" and have govt mandated price controls so that they wont pass these costs on to consumers............lol

 

[legaleagle_45]

.
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

Which means that they were organized as LLC's or as Sub Chapter S Corporations instead of regular corporations. This in turn means that all of the income of the entity is attributed to the individual owners and they must pay taxes thereon, even if the profits are retained by the entity for expansion or investment.

These entities are usually small business operations with less than 30 owners. The primary reason for the choice of entity is based primarily upon liability concerns. The growth in the # of businesses adopting this type of entity is directly attributable to the relaxation of rules governing LLC's which were generally unheard of 30 years ago. It is true that there are some very large LLC's... however these large LLC's are invariably composed of members who are themselves large taxpaying corporations. They use the LLC stucture in lieu of having a joint venture status, which was more common in the past. In most instances LLC's are merely small businesses... and Sub Chapter S corporations are necessarily small businesses. So the issue is not if the the profits are being taxed, but who is responsible for paying taxes on the profits.

 

[akelch]

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.

If you pass and consumption tax.. The rich will pay even more...think about it.

 

[JoeNormal]

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.

Taxes provide the infrastructure needed to produce an item. If the consumer ultimately pays the price for it, that reflects the actual cost of producing the item and should factor into the decision of whether to buy it or not.

 

[JoeNormal]

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.

Bullshit. Corporations have hoarded over a trillion dollars collectively and for the most part, they're not giving any of it up to hire people.

 

[KissMy]

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.

Appalling economic ignorance. Where else would corporations obtain funding to pay taxes except from revenue? Also, wealth is created by ideas and organization (i.e., making labor and capital more efficient and, therefore, more valuable.

the left wing lie here is due to their hatred of corporations and business in general. their little minds are not capable of digesting the truth because it bursts their socialist bubble that government is the answer to everything and should control everything in order to punish the evil successful people.

The idiocy of fools who believe small business should be taxed & the rich who buy them all up combining them into big business outsourcing jobs should not pay taxes. Workers are also heavily taxed here forcing business to fire them & send jobs to other countries.

Innovation follows those jobs out of the country followed by business & wealth.

 

[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.

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?

Don't blame liberalism...it wasn't liberalism that sent good paying jobs to sweatshop countries. It wasn't liberalism that caused the Wall St. Crash, and it certainly wasn't liberalism that's s holding on to $2.? Trillion dollars and refusing to lend for small businesses or investing it here...oh yeah...and it wasn't liberalism that fought a war on terror on two fronts and cut taxes on top of it...leaving it for the next guy to deal with.

 

[Steelplate]

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.

Bullshit. Corporations have hoarded over a trillion dollars collectively and for the most part, they're not giving any of it up to hire people.

I heard the latest is $2.6T or so.

 

[akelch]

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?

Don't blame liberalism...it wasn't liberalism that sent good paying jobs to sweatshop countries. It wasn't liberalism that caused the Wall St. Crash, and it certainly wasn't liberalism that's s holding on to $2.? Trillion dollars and refusing to lend for small businesses or investing it here...oh yeah...and it wasn't liberalism that fought a war on terror on two fronts and cut taxes on top of it...leaving it for the next guy to deal with.

The Crash on Wall Street and jobs going over seas is caused by a liberal mind set.

 

[KissMy]

The Crash on Wall Street and jobs going over seas is caused by a liberal mind set.

No - It's caused by the Bush tax code!

 

[oldfart]

.
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?

Actually I think the SOI data is on partnerships, S corporations and other "flow-thru" entities. There is nothing in using these entities that avoids tax per se, it's just passed on to the owners through a Form K-1. Everyone take a Quaalude now.

 

[Steelplate]

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?

Don't blame liberalism...it wasn't liberalism that sent good paying jobs to sweatshop countries. It wasn't liberalism that caused the Wall St. Crash, and it certainly wasn't liberalism that's s holding on to $2.? Trillion dollars and refusing to lend for small businesses or investing it here...oh yeah...and it wasn't liberalism that fought a war on terror on two fronts and cut taxes on top of it...leaving it for the next guy to deal with.

The Crash on Wall Street and jobs going over seas is caused by a liberal mind set.

Keep telling yourself that, Petunia.

 

[JoeNormal]

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.

Bullshit. Corporations have hoarded over a trillion dollars collectively and for the most part, they're not giving any of it up to hire people.

I heard the latest is $2.6T or so.

Yikes!

 

[Steelplate]

Bullshit. Corporations have hoarded over a trillion dollars collectively and for the most part, they're not giving any of it up to hire people.

I heard the latest is $2.6T or so.

Yikes!

Exactly....their actions are bordering on treasonable. American.Companies fucking Americans and America in general.

 

[JoeNormal]

I heard the latest is $2.6T or so.

Yikes!

Exactly....their actions are bordering on treasonable. American.Companies fucking Americans and America in general.

Man, you got that right!

 

[jwoodie]

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?

Don't blame liberalism...it wasn't liberalism that sent good paying jobs to sweatshop countries. It wasn't liberalism that caused the Wall St. Crash, and it certainly wasn't liberalism that's s holding on to $2.? Trillion dollars and refusing to lend for small businesses or investing it here...oh yeah...and it wasn't liberalism that fought a war on terror on two fronts and cut taxes on top of it...leaving it for the next guy to deal with.

Liberalism is EXACTLY to blame for the financial meltdown. Just what do you think was in those worthless securities? Through its efforts to increase minority home ownership, the federal government created a market for subprime loans which created an unsustainable housing price bubble and subsequent crash of financial institutions and the economy. Don't you understand that banks are required to maintain certain reserves in order make loans? When the value of those reserves collapsed, they were not permitted to make further loans, which was further exacerbated by the new Dodd-Frank restrictions. Aren't your Wall Street Greed bumper stickers getting a little faded?

 

[Redfish]

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.

Bullshit. Corporations have hoarded over a trillion dollars collectively and for the most part, they're not giving any of it up to hire people.

somewhat true, because of the uncertainty of the economy, obamacare, and the stupid actions of the current administration, businesses are sitting on cash.

If the economy ever settles down, or obama leaves office, there will be a flood of new business spending and millions of new jobs.