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Well, yes it does. The question then remains though do you support making corporate tax rates 0%?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.
Should we keep the high tax to influence companies to reinvest that cash?
I dont think we should BUT there is an argument there that the tax rate encourages the use of the money rather than the stockpiling of it.
So you asked for an example of a company that is unprofitable and sitting on piles of cash. I provide it, and in response you shit your pants and compare our tax policy to the USSR. Why would you expect corporations to pay corporate income tax on personal income paid to employees? Are you retarded, or just mentally handicapped?
American corporations are allowed to base their operations off shore in order to get cheap labor. How can Americans buy any of those products without the jobs that pay enough to buy them? McJobs don't pay enough to pay for basic necessities like food and rent, let alone luxuries like computers or $400.00 cell phones.
The majority of this country is for raising the minimum wage. The only ones against it are making more than that. But with the SCOTUS declaring that corporations are people, and are allowed to buy the government, it's only a short time before 95% of this country will be getting paid McJob wages. It's already well under way. Teachers wages and auto factory wages are being destroyed. Unions are being destroyed to get lower wages.
With corporate taxes at 0%, that leaves YOU with more to pay.
American corporations are allowed to base their operations off shore in order to get cheap labor. How can Americans buy any of those products without the jobs that pay enough to buy them? McJobs don't pay enough to pay for basic necessities like food and rent, let alone luxuries like computers or $400.00 cell phones.
The majority of this country is for raising the minimum wage. The only ones against it are making more than that. But with the SCOTUS declaring that corporations are people, and are allowed to buy the government, it's only a short time before 95% of this country will be getting paid McJob wages. It's already well under way. Teachers wages and auto factory wages are being destroyed. Unions are being destroyed to get lower wages.
With corporate taxes at 0%, that leaves YOU with more to pay.
American corporations are allowed to base their operations off shore in order to get cheap labor. How can Americans buy any of those products without the jobs that pay enough to buy them? McJobs don't pay enough to pay for basic necessities like food and rent, let alone luxuries like computers or $400.00 cell phones.
The majority of this country is for raising the minimum wage. The only ones against it are making more than that. But with the SCOTUS declaring that corporations are people, and are allowed to buy the government, it's only a short time before 95% of this country will be getting paid McJob wages. It's already well under way. Teachers wages and auto factory wages are being destroyed. Unions are being destroyed to get lower wages.
With corporate taxes at 0%, that leaves YOU with more to pay.
I don't agree with this analysis at all (that 95% of the country will earn the minimum wage) and I have few points I'd like you to think about;
1.) Let's say we raise minimum wage to $15, and to combat this cost increase McDonald's lays off half of it's workforce and replaces them with machines (because from a $ perspective it now makes sense). Are the workers better off? You obviously can't regulate how many employees McDonald's must use to run a restaurant.
2.) Let's say we raise minimum wage to $15 and to combat this cost increase all of the food manufacturers of the world begin raising prices on milk, meat, orange juice, etc. The worker now makes 2x more in wage, but food now costs 2-3x more. is everyone better off? Was this a "win"?
You need to approach this from all sides of the equation..
You should look at all sides of the equation too. CEO's are making 1,000 times what they were in the 60's. Workers are making half of what they were in the 60's, accounting for inflation. Corporations profits are up 3,000%. Workers are producing twice as much for half the pay. Corporate taxes are 90% less, the national debt is up $17 trillion. Reality dictates that this must end.
This shall be paid for eliminating useless leftist government programs.
The good things from this?
Many MANY Jobs will be created in America, since companies will return to their homeland.
Contrary to what Republicans would have you believe, super-high tax rates on rich people do not appear to hurt the economy or make people lazy: During the 1950s and early 1960s, the top bracket income tax rate was over 90%--and the economy, middle-class, and stock market boomed.
Super-low tax rates on rich people also appear to be correlated with unsustainable sugar highs in the economy--brief, enjoyable booms followed by protracted busts. They also appear to be correlated with very high inequality. (For example, see the 1920s and now).
Periods of very low tax rates have been followed by periods with very high tax rates, and vice versa. So history suggests that tax rates will soon start going up.
Read more: THE HISTORY OF TAXES: Here's How High Today's Rates Really Are - Business Insider
THE HISTORY OF TAXES: Here's How High Today's Rates Really Are - Business Insider
Trying to justify corporate greed will not fix the national debt, or lower your taxes. When theirs goes down yours goes up.
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.
There are no such companies. The IRS always audits them and then shuts them down.
American corporations are allowed to base their operations off shore in order to get cheap labor. How can Americans buy any of those products without the jobs that pay enough to buy them? McJobs don't pay enough to pay for basic necessities like food and rent, let alone luxuries like computers or $400.00 cell phones.
The majority of this country is for raising the minimum wage. The only ones against it are making more than that. But with the SCOTUS declaring that corporations are people, and are allowed to buy the government, it's only a short time before 95% of this country will be getting paid McJob wages. It's already well under way. Teachers wages and auto factory wages are being destroyed. Unions are being destroyed to get lower wages.
With corporate taxes at 0%, that leaves YOU with more to pay.
"CEO's are making 1,000 times what they were in the 60's."American corporations are allowed to base their operations off shore in order to get cheap labor. How can Americans buy any of those products without the jobs that pay enough to buy them? McJobs don't pay enough to pay for basic necessities like food and rent, let alone luxuries like computers or $400.00 cell phones.
The majority of this country is for raising the minimum wage. The only ones against it are making more than that. But with the SCOTUS declaring that corporations are people, and are allowed to buy the government, it's only a short time before 95% of this country will be getting paid McJob wages. It's already well under way. Teachers wages and auto factory wages are being destroyed. Unions are being destroyed to get lower wages.
With corporate taxes at 0%, that leaves YOU with more to pay.
I don't agree with this analysis at all (that 95% of the country will earn the minimum wage) and I have few points I'd like you to think about;
1.) Let's say we raise minimum wage to $15, and to combat this cost increase McDonald's lays off half of it's workforce and replaces them with machines (because from a $ perspective it now makes sense). Are the workers better off? You obviously can't regulate how many employees McDonald's must use to run a restaurant.
2.) Let's say we raise minimum wage to $15 and to combat this cost increase all of the food manufacturers of the world begin raising prices on milk, meat, orange juice, etc. The worker now makes 2x more in wage, but food now costs 2-3x more. is everyone better off? Was this a "win"?
You need to approach this from all sides of the equation..
You should look at all sides of the equation too. CEO's are making 1,000 times what they were in the 60's. Workers are making half of what they were in the 60's, accounting for inflation. Corporations profits are up 3,000%. Workers are producing twice as much for half the pay. Corporate taxes are 90% less, the national debt is up $17 trillion. Reality dictates that this must end.
This shall be paid for eliminating useless leftist government programs.
The good things from this?
Many MANY Jobs will be created in America, since companies will return to their homeland.
I don't see it. They'll end up with a refund at that point, and they already get too much for damned little, or even a deficit of contribution. You fucking people will voluntarily cut your own damned throats so long as the alligator eats you last. Breathe, mother fucker, breathe DEEP, because the holding your breath codicil is coming up quick, and you sold out every last motherfucker you knew thinking they wouldn't come for you.
"CEO's are making 1,000 times what they were in the 60's."I don't agree with this analysis at all (that 95% of the country will earn the minimum wage) and I have few points I'd like you to think about;
1.) Let's say we raise minimum wage to $15, and to combat this cost increase McDonald's lays off half of it's workforce and replaces them with machines (because from a $ perspective it now makes sense). Are the workers better off? You obviously can't regulate how many employees McDonald's must use to run a restaurant.
2.) Let's say we raise minimum wage to $15 and to combat this cost increase all of the food manufacturers of the world begin raising prices on milk, meat, orange juice, etc. The worker now makes 2x more in wage, but food now costs 2-3x more. is everyone better off? Was this a "win"?
You need to approach this from all sides of the equation..
You should look at all sides of the equation too. CEO's are making 1,000 times what they were in the 60's. Workers are making half of what they were in the 60's, accounting for inflation. Corporations profits are up 3,000%. Workers are producing twice as much for half the pay. Corporate taxes are 90% less, the national debt is up $17 trillion. Reality dictates that this must end.
So what?
"Workers are making half of what they were in the 60's,"
That is a lie....
" Corporations profits are up 3,000%."
Really? According to whom?
". Workers are producing twice as much for half the pay."
Production is up due to technology and more efficient work procedures, tools and implements.
For example, landscapers can cut lawns much faster because they use modern equipment.
Is it your assertion that they should use 20" reel mowers so that they would hire more workers?
Should auto plants go back to making cars by hand?
Shut up.
"the national debt is up $17 trillion"
Debt is created by too much spending and borrowing.
Government must get its fiscal house in order.
Another article from the Citizens for Tax Justice data, and an image I found. Amazon has kept a borderline, or below borderline, profit its whole existence.
Apple, Google, Amazon Pay Corporate Income Tax Well Below Official Rate
Apple paid a top tax rate of just 9.8 percent in 2011, the report says. Google paid a rate of 11.9 percent, while Yahoo paid 11.6 percent and Microsoft paid 18.9 percent. Xerox paid 7.3 percent of its income in taxes, while Amazon paid only 3.5 percent, according to the report.
None of these instances is as egregious as, say, General Electric, which was once infamously reported to have paid no federal income taxes in 2008, 2009 or 2010 -- an assertion that the company disputed -- and which has reportedly paid an average corporate tax rate of just 2.3 percent over the past decade, according to an analysis by the group Citizens for Tax Justice.
Still, among those familiar with tax policy, the practices described in the Greenlining report might raise some eyebrows. For the sake of comparison, the report says, Apple (and Xerox and Amazon) paid a lower tax rate in 2011 than an American household making $42,500 a year.
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".
Contrary to what Republicans would have you believe, super-high tax rates on rich people do not appear to hurt the economy or make people lazy: During the 1950s and early 1960s, the top bracket income tax rate was over 90%--and the economy, middle-class, and stock market boomed.
Super-low tax rates on rich people also appear to be correlated with unsustainable sugar highs in the economy--brief, enjoyable booms followed by protracted busts. They also appear to be correlated with very high inequality. (For example, see the 1920s and now).
Periods of very low tax rates have been followed by periods with very high tax rates, and vice versa. So history suggests that tax rates will soon start going up.
Read more: THE HISTORY OF TAXES: Here's How High Today's Rates Really Are - Business Insider
THE HISTORY OF TAXES: Here's How High Today's Rates Really Are - Business Insider
Trying to justify corporate greed will not fix the national debt, or lower your taxes. When theirs goes down yours goes up.
Contrary to what Republicans would have you believe, super-high tax rates on rich people do not appear to hurt the economy or make people lazy:
Yes, super high rates are good for the economy because........because liberals say so.
During the 1950s and early 1960s, the top bracket income tax rate was over 90%--and the economy, middle-class, and stock market boomed.
It's amazing what no competition will do.
So you asked for an example of a company that is unprofitable and sitting on piles of cash. I provide it, and in response you shit your pants and compare our tax policy to the USSR. Why would you expect corporations to pay corporate income tax on personal income paid to employees? Are you retarded, or just mentally handicapped?
Facebook did what the OWS shitters like Onepercenter demand, they gave back to the employees.
Think we'll see any shtters or Obamunists praising them? Should we hold our breath?
So you asked for an example of a company that is unprofitable and sitting on piles of cash. I provide it, and in response you shit your pants and compare our tax policy to the USSR. Why would you expect corporations to pay corporate income tax on personal income paid to employees? Are you retarded, or just mentally handicapped?
Facebook did what the OWS shitters like Onepercenter demand, they gave back to the employees.
Think we'll see any shtters or Obamunists praising them? Should we hold our breath?
If you pay your employees well the dumbocrats scream you are avoiding corporate income tax. If you don't pay your employees well the dumbocrats complain you are hoarding cash for the executives.
So basically corporations are evil and they should give all their money to the dumbocrat the crys loudest. ROFL
