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You don't need a profit to be in business dumb ass.
The post I responded to claimed they were sitting on piles of cash, not a lot of unprofitable companies can do that.
Maybe you have a list?
Until then, you're just making yourself look stupid(er).
How many do you have to read about before you will come to the realization of how dumb you are?
Facebook Likely To Pay No Federal Income Tax This Year, Despite $1 Billion In Profits: Report
By your measure Facebook does not exist.
How the Revenue/Income game is played. All a corporation has to do is push income into something, even CEO pay, and it is not "income" but "operating costs".
The post I responded to claimed they were sitting on piles of cash, not a lot of unprofitable companies can do that.
Maybe you have a list?
Until then, you're just making yourself look stupid(er).
How many do you have to read about before you will come to the realization of how dumb you are?
Facebook Likely To Pay No Federal Income Tax This Year, Despite $1 Billion In Profits: Report
By your measure Facebook does not exist.
Who wrote the tax code and who signed it into law? Answer: congress wrote it, voted for it and congress has been controlled by dems for most of the last 75 years.
Sooooooooo, demorats gave corporations the so-called tax breaks and "subsidies".
How the Revenue/Income game is played. All a corporation has to do is push income into something, even CEO pay, and it is not "income" but "operating costs".
CEO pay and all other wages/salaries are already deducted from your revenue line before reaching your NOPBT (Net Operating Profit Before Tax) number. Not entirely sure what you're talking about...
How the Revenue/Income game is played. All a corporation has to do is push income into something, even CEO pay, and it is not "income" but "operating costs".
CEO pay and all other wages/salaries are already deducted from your revenue line before reaching your NOPBT (Net Operating Profit Before Tax) number. Not entirely sure what you're talking about...
That's his point. Most corporations make a conscious decision to avoid taxes. I think the issue is some democrats expect corporations to be stupid enough to pay taxes that they don't have to pay if they decide to invest in their employees or future earnings instead.
Really you'd have to be the biggest dumb ass in the corporate world if you can't figure out how to have zero profit.
CEO pay and all other wages/salaries are already deducted from your revenue line before reaching your NOPBT (Net Operating Profit Before Tax) number. Not entirely sure what you're talking about...
That's his point. Most corporations make a conscious decision to avoid taxes. I think the issue is some democrats expect corporations to be stupid enough to pay taxes that they don't have to pay if they decide to invest in their employees or future earnings instead.
Really you'd have to be the biggest dumb ass in the corporate world if you can't figure out how to have zero profit.
Well yea, but I don't know what he's upset about (or what point he's trying to make). The tax code in many respects encourages a corporation to reinvest in the business due to the fact that things like A&M, repairs, etc, can all be deducted before reaching your net income.
You can't tax a business based on their revenue, which is what some people here are suggesting.
Whoops I hear ya.That's his point. Most corporations make a conscious decision to avoid taxes. I think the issue is some democrats expect corporations to be stupid enough to pay taxes that they don't have to pay if they decide to invest in their employees or future earnings instead.
Really you'd have to be the biggest dumb ass in the corporate world if you can't figure out how to have zero profit.
Well yea, but I don't know what he's upset about (or what point he's trying to make). The tax code in many respects encourages a corporation to reinvest in the business due to the fact that things like A&M, repairs, etc, can all be deducted before reaching your net income.
You can't tax a business based on their revenue, which is what some people here are suggesting.
Emphasis on some people. I don't think this guy is one of those people. Or at least not based on him posting the chart that backed up your point
That's his point. Most corporations make a conscious decision to avoid taxes. I think the issue is some democrats expect corporations to be stupid enough to pay taxes that they don't have to pay if they decide to invest in their employees or future earnings instead.
That's his point. Most corporations make a conscious decision to avoid taxes. I think the issue is some democrats expect corporations to be stupid enough to pay taxes that they don't have to pay if they decide to invest in their employees or future earnings instead.
And most Democrats make a conscious decision to avoid taxes, for example:
1) Bill Clinton deducted $50 a pair for used underwear donated to charity.
2) Hillary Clinton deducted Whitewater business interest on her personal taxes
3) Tom Daschle didn't pay taxes on a free car and driver provided to him
4) Charlie Rangle, head of the tax writing committee who insists people need to pay taxes on overseas income said he didn't know you have to pay taxes on overseas income
Then there was Tim Geithner, Claire McCaskill as well as Democratic stumping tax raisers like Warren Buffett and Bill Gates who hire armies of accountants and set up deals to avoid paying them.
Oh, but corporations, they should pay them...
The fact remain that using that using the same (people) rules Walmart paid 1.7% and people paid 16%-18% effective tax. Aren't corporations people?
The ones that don't have a profit dumb ass.
Yeah, the ones that went out of business.
Now go read a book, idiot.
You don't need a profit to be in business dumb ass.
You do if you want to be in business for more than a year or two.
Yeah, the ones that went out of business.
Now go read a book, idiot.
You don't need a profit to be in business dumb ass.
You do if you want to be in business for more than a year or two.
You don't need a profit to be in business dumb ass.
You do if you want to be in business for more than a year or two.
Not true. You can run a very successful business "indefinitely" without ever showing a profit.
Generally when talking about profit for the purposes of corporate taxation we are talking about gross profit, which is revenue minus what it cost you to make/provide your goods and/or services.
One means to reduce your profit is to increase the amount it cost you to produce the goods and services. For example, you can increase payroll such as by handing out a Christmas bonus. As another example, you could sign up for one of the deductible (dumb ass) green projects. Or if you like you can base your company at a tropical island nation that is more favorable to corporate profits.
You don't need a profit to be in business dumb ass.
The post I responded to claimed they were sitting on piles of cash, not a lot of unprofitable companies can do that.
Maybe you have a list?
Until then, you're just making yourself look stupid(er).
How many do you have to read about before you will come to the realization of how dumb you are?
Facebook Likely To Pay No Federal Income Tax This Year, Despite $1 Billion In Profits: Report
By your measure Facebook does not exist.
You do if you want to be in business for more than a year or two.
Not true. You can run a very successful business "indefinitely" without ever showing a profit.
Generally when talking about profit for the purposes of corporate taxation we are talking about gross profit, which is revenue minus what it cost you to make/provide your goods and/or services.
One means to reduce your profit is to increase the amount it cost you to produce the goods and services. For example, you can increase payroll such as by handing out a Christmas bonus. As another example, you could sign up for one of the deductible (dumb ass) green projects. Or if you like you can base your company at a tropical island nation that is more favorable to corporate profits.
one must understand the difference between an accounting/tax profit and a profit that is the difference between income and expenses.
You are correct that a business can continue indefinitely without an accounting or tax profit, but it will not survive if expenses exceed income.
The post I responded to claimed they were sitting on piles of cash, not a lot of unprofitable companies can do that.
Maybe you have a list?
Until then, you're just making yourself look stupid(er).
How many do you have to read about before you will come to the realization of how dumb you are?
Facebook Likely To Pay No Federal Income Tax This Year, Despite $1 Billion In Profits: Report
By your measure Facebook does not exist.
You're shitting me!
Companies get to deduct compensation they give to employees?
What is this, the USSR?
LOL!
Thanks, for your continued amusement value.
Well, yes it does. The question then remains though do you support making corporate tax rates 0%?CEO pay and all other wages/salaries are already deducted from your revenue line before reaching your NOPBT (Net Operating Profit Before Tax) number. Not entirely sure what you're talking about...
That's his point. Most corporations make a conscious decision to avoid taxes. I think the issue is some democrats expect corporations to be stupid enough to pay taxes that they don't have to pay if they decide to invest in their employees or future earnings instead.
Really you'd have to be the biggest dumb ass in the corporate world if you can't figure out how to have zero profit.
Well yea, but I don't know what he's upset about (or what point he's trying to make). The tax code in many respects encourages a corporation to reinvest in the business due to the fact that things like A&M, repairs, etc, can all be deducted before reaching your net income.
You can't tax a business based on their revenue, which is what some people here are suggesting.
You don't need a profit to be in business dumb ass.
You do if you want to be in business for more than a year or two.
Not true. You can run a very successful business "indefinitely" without ever showing a profit.
Generally when talking about profit for the purposes of corporate taxation we are talking about gross profit, which is revenue minus what it cost you to make/provide your goods and/or services.
One means to reduce your profit is to increase the amount it cost you to produce the goods and services. For example, you can increase payroll such as by handing out a Christmas bonus. As another example, you could sign up for one of the deductible (dumb ass) green projects. Or if you like you can base your company at a tropical island nation that is more favorable to corporate profits.
Not true. You can run a very successful business "indefinitely" without ever showing a profit.
Generally when talking about profit for the purposes of corporate taxation we are talking about gross profit, which is revenue minus what it cost you to make/provide your goods and/or services.
One means to reduce your profit is to increase the amount it cost you to produce the goods and services. For example, you can increase payroll such as by handing out a Christmas bonus. As another example, you could sign up for one of the deductible (dumb ass) green projects. Or if you like you can base your company at a tropical island nation that is more favorable to corporate profits.
one must understand the difference between an accounting/tax profit and a profit that is the difference between income and expenses.
You are correct that a business can continue indefinitely without an accounting or tax profit, but it will not survive if expenses exceed income.
I wish I had a million dollars for each of the corporations that continue, seemingly indefinitely, without either an accounting or tax profit. Matter of fact some companies appear to revel in loosing money for their owners. Go figure.
