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Yes the government taking 52% of business profits will fix everything.
26 Major Corporations Paid No Corporate Income Tax For The Last Four Years, Despite Making Billions In Profits
26 Major Corporations Paid No Taxes For The Last Four Years
Why would we be doing that if we closed the loopholes.That's a great idea! Then in two years or so we can all complain that those same corporations to whom we are providing tax breaks for hiring and manufacturing in the US aren't paying their fair share in taxes!
Why would we be doing that if we closed the loopholes.That's a great idea! Then in two years or so we can all complain that those same corporations to whom we are providing tax breaks for hiring and manufacturing in the US aren't paying their fair share in taxes!
Why would we be doing that if we closed the loopholes.That's a great idea! Then in two years or so we can all complain that those same corporations to whom we are providing tax breaks for hiring and manufacturing in the US aren't paying their fair share in taxes!
you just don't get it. Corporations do not pay taxes, consumers pay taxes. If you cut out the tax deductions and exemptions given to oil companies then the price of fuel will go up. How will that help the economy?
If you make Walmart pay more taxes, they will have to raise their prices in order to stay in business. How would that help Walmart shoppers?
Why would we be doing that if we closed the loopholes.
you just don't get it. Corporations do not pay taxes, consumers pay taxes. If you cut out the tax deductions and exemptions given to oil companies then the price of fuel will go up. How will that help the economy?
If you make Walmart pay more taxes, they will have to raise their prices in order to stay in business. How would that help Walmart shoppers?
Damn!
You beat me to it!
Why would we be doing that if we closed the loopholes.That's a great idea! Then in two years or so we can all complain that those same corporations to whom we are providing tax breaks for hiring and manufacturing in the US aren't paying their fair share in taxes!
you just don't get it. Corporations do not pay taxes, consumers pay taxes. If you cut out the tax deductions and exemptions given to oil companies then the price of fuel will go up. How will that help the economy?
If you make Walmart pay more taxes, they will have to raise their prices in order to stay in business. How would that help Walmart shoppers?
Damn!
You beat me to it!
yes, but at least two of us get it.
Yes the government taking 52% of business profits will fix everything.
you just don't get it. Corporations do not pay taxes, consumers pay taxes. If you cut out the tax deductions and exemptions given to oil companies then the price of fuel will go up. How will that help the economy?
If you make Walmart pay more taxes, they will have to raise their prices in order to stay in business. How would that help Walmart shoppers?
Damn!
You beat me to it!
yes, but at least two of us get it.
I am truly surprised at the number of posters here that do not understand this one simple fact:
corporations DO NOT PAY TAXES!
Corporations pass the cost of whatever taxes they are charged along to those that buy the goods and services provided by the corporation by RAISING THEIR PRICES! They are unlike all other people in that they can do this legally.
So far, I have been unable to pass my tax burden along to anyone.
Yes the government taking 52% of business profits will fix everything.
Wait, I thought the Repubs thought the debt was something that needs to be reversed?
I guess they don't care that much
I disagree. We need to be internationally competitive, while working through methods like the 401k to see that the means of production are increasingly owned by all the workers.
I disagree. We need to be internationally competitive, while working through methods like the 401k to see that the means of production are increasingly owned by all the workers.
means of production owned by the workers------------socialism 101.
what you don't get is that really means owned by the government.
That depends on how your corporation is filed (Type-C or Type-S).you just don't get it. Corporations do not pay taxes, consumers pay taxes.
There is no reason to give corporations that make billions of dollars a year, government subsidies or tax write-offs that an individual cannot get.If you cut out the tax deductions and exemptions given to oil companies then the price of fuel will go up. How will that help the economy?
If you make Walmart pay more taxes, they will have to raise their prices in order to stay in business. How would that help Walmart shoppers?
The "subsidies" I'm referring to are incentives for company's to manufacture in the US; the "loopholes" I want closed, are the ones that allow a company to "off-shore" its profits so it cannot be taxed.You said, and I quote "provide subsidies to the ones who are based in the US, manufacture in the US and hire US workers". Corporate "subsidies" are provided through the tax code. Those subsidies are commonly called "loopholes". So your suggestion was to create a loophole, not close them. When, as a result of your loophole, the corporation that you wanted to benefit pays no taxes as a result, you will complain that they aren't paying their "fair share".
Corporations are one "persons" under International Uniform Commercial Code, which exist under Maritime/Admiralty Jurisdiction.
You can google UCC (Uniform Commercial Code) and look up the definitions in Article I or "person."
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You're talking about parallel systems of law and you don't' even know it. The Constitution does not apply to maritime (overseas/foreign) corporations.
And here's the rundown on a few others...Citigroup, whose 2005 "Plutonomy Memo" said that "the World is dividing into two blocs - the Plutonomy and the rest," had 42% of its 2011-12 revenue in North America (almost all U.S.) but declared a $5 billion U.S. loss and a $28 billion foreign profit.
Pfizer had 40% of its 2011-12 revenues in the U.S., but declared almost $7 billion in U.S. losses to go along with $31 billion in foreign profits. After the SEC questioned Pfizer in 2012 about four straight years of U.S. losses despite large worldwide incomes, the company went ahead and declared a fifth straight U.S. loss.
Bank of America may be the worst. CEO Brian Moynihan once lamented that nobody understood "how much good" his employees do. But his company, with a whopping 82% of its 2011-12 revenue in the U.S., declared $7 billion in U.S. losses and $10 billion in foreign profits.
We need to put a stop to this shit!Abbott Labs had 42% of its sales in the U.S., but declared a loss in the U.S. along with $12 billion in foreign profits.
Baxter Labs had about 40% of its sales and assets in the U.S., but only 14% of its declared income.
Cisco had 50% of its sales in the U.S., but just 25% of its income.
Dell, with about a 50-50 split in US/foreign revenue, declared only 12% of its profits in the US.
Dow had 32% of its sales in the U.S., but declared a U.S. loss against foreign profits of over $5 billion.
DuPont listed 38% of sales and 67% of property in the U.S., but only 20% of income.
Honeywell had almost 60% of sales in US, but only 34% of its income.
Johnson & Johnson declared 44% of its sales and over half of its long-lived assets in the U.S., but only 32% of its income.
Microsoft claimed over half its sales in the US, but only about 20% of its income.
