Can socialists in this country explain how taxing American corporations/companies more is good?

[Markle]

Obsessing on the fed income tax is brainwashed bs

The one tax graph you really need to know

If you include fees, EVERYONE pays 20-30% to the government. Pub dupes!

IF, IF a frog had wings, it wouldn't keep busting its behind every time it hit the ground.

Face it, FORTY SEVEN PERCENT of workers pay NO INCOME TAX. No, if, and's or but's.

 

[Markle]

Corporate Taxes
Big corporations are making bigger and bigger profits, but they’re contributing less and less in taxes. That means they are doing less and less to help build roads and bridges, maintain our schools and fund the many other services government provides. Sixty years ago, 30 percent of total federal tax revenue was from corporations. Today […]

So let's run those numbers:

The top 10% of wage earners in this country pay over 70% in all collected income taxes.

Corporations pay 11% of all collected income taxes.

This means between the top 10% of wage earners and corporations, they are collectively paying over 81% of all federal income taxes collected. that means the rest of us have to come up with the other 19%. But they're not paying enough?????

• Many Big U.S. Corporations Pay Very Little in Taxes, Reuters
• Big Companies Paid a Fraction of Corporate Tax Rate, The New York Times
• Post Analysis of Dow 30 Firms Shows Declining Tax Burden as a Share of Profits, The Washington Post
• Report: Corporations Pay Fraction of Top Rate, The Hill
• G.E.’s Strategies Let It Avoid Taxes Altogether, The New York Times
• With Tax Break, Corporate Rate Is Lowest in Decades, The Wall Street Journal
• U.S. Business Has High Tax Rates but Pays Less, The New York Times

PLEASE, share with us specifically who pays corporate taxes?

 

[JQPublic1]

I messed up...

Many of the big boys in the corporate world aint paying a thing. Is this fair?

I guess you would have to go on a case by case basis.

If a company is spending more money than the profits they are making, they get to write off those expenses. If they had to pay taxes regardless of what their spending was, the only choice they would have is to close up shop or move out of the country.

But the biggest corporations showed huge profits and still paid little of no taxes.. And taxes are supposed to be paid on profits not losses.

NOw hear this:

The top statutory tax rate of 35% in the U.S. is somewhat higher than that of 30 other OECD countries, but the average effective tax rate — the actual rate paid after deductions and credits — is slightly lower than our competitors, according to the Congressional Research Service (CRS).

Several studies have found that U.S. corporations pay a similar or a lower effective tax rate — the rate actually paid — than corporations in other countries. For example:

• Our average effective tax rate is 27.1% compared with 27.7% for the other 30 OECD countries, according to CRS.

 

[JQPublic1]

Corporate Taxes
Big corporations are making bigger and bigger profits, but they’re contributing less and less in taxes. That means they are doing less and less to help build roads and bridges, maintain our schools and fund the many other services government provides. Sixty years ago, 30 percent of total federal tax revenue was from corporations. Today […]

So let's run those numbers:

The top 10% of wage earners in this country pay over 70% in all collected income taxes.

Corporations pay 11% of all collected income taxes.

This means between the top 10% of wage earners and corporations, they are collectively paying over 81% of all federal income taxes collected. that means the rest of us have to come up with the other 19%. But they're not paying enough?????

• Many Big U.S. Corporations Pay Very Little in Taxes, Reuters
• Big Companies Paid a Fraction of Corporate Tax Rate, The New York Times
• Post Analysis of Dow 30 Firms Shows Declining Tax Burden as a Share of Profits, The Washington Post
• Report: Corporations Pay Fraction of Top Rate, The Hill
• G.E.’s Strategies Let It Avoid Taxes Altogether, The New York Times
• With Tax Break, Corporate Rate Is Lowest in Decades, The Wall Street Journal
• U.S. Business Has High Tax Rates but Pays Less, The New York Times

PLEASE, share with us specifically who pays corporate taxes?

Did you read each of the links I provided? Read em and come on back after you do!

 

[JQPublic1]

But that isn't what they're not paying in taxes.

I have absolutely no idea what that even means.

I'm pointing out what they are paying.

Here is a clue as to what Matthew meant:

The top statutory tax rate of 35% in the U.S. is somewhat higher than that of 30 other OECD countries, but the average effective tax rate — the actual rate paid after deductions and credits — is slightly lower than our competitors, according to the Congressional Research Service (CRS).

Several studies have found that U.S. corporations pay a similar or a lower effective tax rate — the rate actually paid — than corporations in other countries. For example:

• Our average effective tax rate is 27.1% compared with 27.7% for the other 30 OECD countries, according to CRS.

 

[Markle]

Obsessing on the fed income tax is brainwashed bs

The one tax graph you really need to know

If you include fees, EVERYONE pays 20-30% to the government. Pub dupes!

How much of this graph includes government spending and the efficacy of it? Does it include statistics on the war on poverty since its existence? Does it include statistics of the efficacy of the department of education in it's existence? Does it compare the rates of military spending proportionatly with other NATO nations that it's comparing too? Does it include the amount of taxpayer funded financial aid we give to other regimes vs. other nations? Does it include the estimated amount of tax dollars that pay for govt. services going to undocumented immigrants vs other nations? Can we superimpose a graph of standard of living over the last 12 years?

Read this and think, dupe.

The Demise of the American Middle Class In Numbers.

Over the past 35 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

Over the past 63 years worker productivity has grown by 2.0% per year.

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%

A 13% drop since 1980

2. THE TOP 10% GET A LARGER SHARE.

Share of National Income going to Top 10%:

1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%

An increase of 16% since Reagan.

3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.

The savings Rose up to Reagan and fell during and after.

1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)

A 12.3% drop after Reagan.

4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.

Household Debt as percentage of GDP:

1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%

A 45% increase after 1980.

5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.

Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:

1980 = 10%
2003 = 56%

A 5.6 times increase.

6. AND THE AMERICAN DREAM IS GONE.

The Probably of Moving Up from the Bottom 40% to the Top 40%:

1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%

A 10% Decrease.

Links:

1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = Clipboard01.jpg (image)
2 – Congratulations to Emmanuel Saez
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = U.S. Bureau of Economic Analysis (BEA)
4 = Federated Prudent Bear Fund (A): Overview
4 = FRB: Z.1 Release--Financial Accounts of the United States--June 9, 2016
5/6 = 15 Mind-Blowing Facts About Wealth And Inequality In America

Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts

What you conveniently leave out the FACT that the increases in productivity is due to the massive increase in automation, not that the WORKER's production has increased.

 

[Dr Grump]

Sarcasm? Your admission you're a loser

If you're the definition of a winner, I'd take being a loser every time..

 

[Dr Grump]

You don't? You must have had to dig deep to admit that ...



What a Democratic party doggie toy you are ...

Neither. Would never vote for Dems...ever...

 

[Dr Grump]

I don't have a problem with that. I hate the idea of retirement. I'd die of boredom.. Retirement is a relatively new concept anyway. Up until the past 100 years people worked as and when they needed to.

I could never understand that.

I can't wait to quit working. I would never be bored because there are always better things to do than work for somebody else.

How about working for yourself?

 

[Dr Grump]

People are unemployed because they want to be and our social programs are way too generous. It's like Rush Limbaugh said repeatedly: if you pay people not to work, don't be surprised when they don't!

And we don't have 50 million unemployed, we have three times that amount. We have 95 million not working nor looking for a job alone, and they're not considered unemployed for that reason. Then you can add the people that they consider unemployed which are those who are not working but looking for a job.

Are you saying there are jobs out there for every unemployed person? Is that what you are saying? Really? Please supply links to your assertions...

 

[Markle]

But that isn't what they're not paying in taxes.

I have absolutely no idea what that even means.

I'm pointing out what they are paying.

Here is a clue as to what Matthew meant:

The top statutory tax rate of 35% in the U.S. is somewhat higher than that of 30 other OECD countries, but the average effective tax rate — the actual rate paid after deductions and credits — is slightly lower than our competitors, according to the Congressional Research Service (CRS).

Several studies have found that U.S. corporations pay a similar or a lower effective tax rate — the rate actually paid — than corporations in other countries. For example:

• Our average effective tax rate is 27.1% compared with 27.7% for the other 30 OECD countries, according to CRS.

You would benefit greatly if you did even a modicum of research prior to posting. Our top statutory tax rate is NOT 35%. Lame Duck President Barack Hussein Obama changed that with massively failed Obamacare.

2015-2016 Tax Brackets | Bankrate.com

 

[JQPublic1]

Obsessing on the fed income tax is brainwashed bs

The one tax graph you really need to know

If you include fees, EVERYONE pays 20-30% to the government. Pub dupes!

How much of this graph includes government spending and the efficacy of it? Does it include statistics on the war on poverty since its existence? Does it include statistics of the efficacy of the department of education in it's existence? Does it compare the rates of military spending proportionatly with other NATO nations that it's comparing too? Does it include the amount of taxpayer funded financial aid we give to other regimes vs. other nations? Does it include the estimated amount of tax dollars that pay for govt. services going to undocumented immigrants vs other nations? Can we superimpose a graph of standard of living over the last 12 years?

Read this and think, dupe.

The Demise of the American Middle Class In Numbers.

Over the past 35 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

Over the past 63 years worker productivity has grown by 2.0% per year.

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%

A 13% drop since 1980

2. THE TOP 10% GET A LARGER SHARE.

Share of National Income going to Top 10%:

1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%

An increase of 16% since Reagan.

3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.

The savings Rose up to Reagan and fell during and after.

1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)

A 12.3% drop after Reagan.

4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.

Household Debt as percentage of GDP:

1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%

A 45% increase after 1980.

5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.

Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:

1980 = 10%
2003 = 56%

A 5.6 times increase.

6. AND THE AMERICAN DREAM IS GONE.

The Probably of Moving Up from the Bottom 40% to the Top 40%:

1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%

A 10% Decrease.

Links:

1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = Clipboard01.jpg (image)
2 – Congratulations to Emmanuel Saez
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = U.S. Bureau of Economic Analysis (BEA)
4 = Federated Prudent Bear Fund (A): Overview
4 = FRB: Z.1 Release--Financial Accounts of the United States--June 9, 2016
5/6 = 15 Mind-Blowing Facts About Wealth And Inequality In America

Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts

What you conveniently leave out the FACT that the increases in productivity is due to the massive increase in automation, not that the WORKER's production has increased.

And I will expound on the effects of automation and boldly go where few fear to tread. Automation destroys profits because of increased productivity. Profit is driving by scarcity of product. and people having money to pay for stuff. Automated Productivity makes things more plentiful at a faster rate but also destroys jobs.
The present oil crisis is a great example of that! Thousands of people have been laid off in the oil production industry and the effects can be seen everywhere within the socio-economic strata of those economies.

 

[Markle]

Go ahead and explain why that is a good thing for the country.

Keep in mind folks that the American socialists are by far the dumbest people on the planet.

Let us hear why American companies should be taxed more and why that is a good thing.

They don't pay taxes now and yet they benefit from our infrastructure and military.

And taxation is how the middle class was created in America. Before that it was the Lords and Serfs like medieval England. When I was young anyone who earned more than $300,000 a year paid 91% of the excess in tax. What we've had for the last 35 years created this. Notice that after taxes the lower half of workers have lost income.

Wow...impressive! Not a single year of Lame Duck President Barack Hussein Obama's failed administration. Gee...I wonder why?

 

[JQPublic1]

But that isn't what they're not paying in taxes.

I have absolutely no idea what that even means.

I'm pointing out what they are paying.

Here is a clue as to what Matthew meant:

The top statutory tax rate of 35% in the U.S. is somewhat higher than that of 30 other OECD countries, but the average effective tax rate — the actual rate paid after deductions and credits — is slightly lower than our competitors, according to the Congressional Research Service (CRS).

Several studies have found that U.S. corporations pay a similar or a lower effective tax rate — the rate actually paid — than corporations in other countries. For example:

• Our average effective tax rate is 27.1% compared with 27.7% for the other 30 OECD countries, according to CRS.

You would benefit greatly if you did even a modicum of research prior to posting. Our top statutory tax rate is NOT 35%. Lame Duck President Barack Hussein Obama changed that with massively failed Obamacare.

2015-2016 Tax Brackets | Bankrate.com

Research is great if you can apply it to the subject being discussed. You didn't do that. Your link is about individual and

personal income taxes not CORPORATE TAXES. Your apology for being a dumbass is noted and accepted.

 

[Markle]

Yes we should be setting the example, and we have been for about 200 years, so why do you progressive morons want to follow the examples of failure like Venezuela and Cuba?

yeah, hark back to the good old days. Womenfolk stayed home, black folk had their own public toilets, and child molesters hiding behind the cloth had free reign. Gee, I miss those days...

NOT surprised that you are eager to point out that you refuse to behave like an adult.

 

[frigidweirdo]

Go ahead and explain why that is a good thing for the country.

Keep in mind folks that the American socialists are by far the dumbest people on the planet.

Let us hear why American companies should be taxed more and why that is a good thing.

I'm not a Socialist.

I do believe in socialist healthcare, police force, army, education, but I don't believe in socialism when it comes to normal trading business and the like.

However, I can explain why companies should be paying higher tax.

Companies should be paying a fair share of taxes. In the US they simply are not, especially the bigger businesses who get given massive amounts of money from governments.

If you look at Russia in the 1990s where the govt was basically null and void, businesses had to hire a mafia outfit in order to protect them. Estimate were around 30% of what you earned and this didn't even guarantee your security.

In the US the military costs a LOT of money, businesses make a lot of money out of the stability that the military provides, and if the military and the police were taken away then the costs for businesses would be much, much higher than they're paying right now.

Infrastructure also helps businesses to conduct their business. Without decent roads, rail links, air links and so on, moving products nationwide would be very difficult, so businesses would struggle to make so much money. Both national/international businesses and smaller businesses which are able to buy products from all over because of this sound(ish) infrastructure.

Education is also important. While individuals benefit from education too, having the choice of workers who are educated and can fill the role is exceedingly important for many high level companies who would otherwise have to import labor from abroad (well it happens anyway, but the jobs are there for Americans mostly).

There are many other factors, however simply said, if no tax was paid and there was no government then the US would be like Somalia where, quite frankly, a lot of people don't earn much money from business, if there were limited govt where security were not taken care of then businesses would have to have their own security which would take up a sizeable amount of their profits, and probably be MORE than they currently pay in tax right now. On top of this other stuff.

Businesses should pay their way. It should be illegal for governments to incentivize businesses to move to their area with a massive pay check, this simply means the US has become many businesses rather one that works together for the benefit of the people, instead it works for the benefit of the rich and nothing else.

 

[Markle]

Lol, if it wasn't for the unions you'd be making 5 cents per hour and without any safety regulations. You'd live half as long in some jobs as you do today...But, hell, praise the rich! Your god. Seriously, take a look at employment in countries that don't have it like vietnam or africa.

Yes, we see how well the unions did with the airlines, trains, DETROIT and many other places.

As you well know, unions outlived their purpose decades ago.

 

[francoHFW]

Obsessing on the fed income tax is brainwashed bs

The one tax graph you really need to know

If you include fees, EVERYONE pays 20-30% to the government. Pub dupes!

IF, IF a frog had wings, it wouldn't keep busting its behind every time it hit the ground.

Face it, FORTY SEVEN PERCENT of workers pay NO INCOME TAX. No, if, and's or but's.

NO, that's fed income tax only. And it's irrelevant when you look at state and local. Fees only matter to the poor...

 

[Markle]

Go ahead and explain why that is a good thing for the country.

Keep in mind folks that the American socialists are by far the dumbest people on the planet.

Let us hear why American companies should be taxed more and why that is a good thing.

I'm not a Socialist.

I do believe in socialist healthcare, police force, army, education, but I don't believe in socialism when it comes to normal trading business and the like.

However, I can explain why companies should be paying higher tax.

[...]

Businesses should pay their way. It should be illegal for governments to incentivize businesses to move to their area with a massive pay check, this simply means the US has become many businesses rather one that works together for the benefit of the people, instead it works for the benefit of the rich and nothing else.

There is no such thing as Socialism in healthcare, police force, military or education. People CHOSE to tax themselves for those services.

Your ignorance about corporate taxes is not at all surprising. Far left Progressives are always looking for someone else to pay their way. They know nothing of personal responsibility.

PLEASE, in specific detail, please tell us who you believe pays corporate and business taxes. Would you do that for us please?

 

[Markle]

Obsessing on the fed income tax is brainwashed bs

The one tax graph you really need to know

If you include fees, EVERYONE pays 20-30% to the government. Pub dupes!

IF, IF a frog had wings, it wouldn't keep busting its behind every time it hit the ground.

Face it, FORTY SEVEN PERCENT of workers pay NO INCOME TAX. No, if, and's or but's.

NO, that's fed income tax only. And it's irrelevant when you look at state and local. Fees only matter to the poor...

The topic IS income taxes. How can you actually say that income taxes are "irrelevant"?

That's the subject.