Do you understand the term "taxable income?" Do you understand that the amount of taxable income a company has is applied to the tax table I included above? Do you understand that if you have no taxable income fifteen percent of zero is zero tax, which is the corporate tax rate when you have no taxable income?Not sure what your dysfunction is. What do you think the corporate tax rate is for zero profit?RKMBrown said:Name one US corporation that does not pay the corporate tax rate.
Name even one who does.
"Merck, the second largest pharmaceutical company in the U.S., actually had a negative effective tax rate of 7.5% during the second quarter, which means it got a tax credit."
The corporate tax rate for ZERO PROFIT is 0%. In summary, corporations do not pay taxes on revenue, they pay taxes on profit.
If I buy a car for 10k and sell it for 9k, my revenue is 9k, my cost is 10k. My profit is negative 1k. I lost money. Libs would have the car dealership pay corporate taxes on the 9k. Libs don't understand how businesses work. Libs think profits are evil. Then they bitch about corporations not paying taxes when they don't have profit. Libs.. what ya gonna do?
You still haven't named a corporation that payed anything like the corporate tax rate on profits.
My dysfunction evidently goes hand in hand with your superficial explanations.