francoHFW
Diamond Member
Capitalism isn't evil. The GOP BSers and crony thieves are evil. Those figures are from the corps themselves ferchrissake...Tell me again about the 47%, our highest corporate tax rates in the world, our lazy poor, how the gay guy caused the GOP world depression, Obama's 2 years of total control and a whole imaginary GOP world of bs. Ay caramba.LOL, who's the moron ?https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=4&cad=rja&uact=8&ved=0ahUKEwiT3beU1YLOAhXEcT4KHbclDisQFgg1MAM&url=http://www.americansfortaxfairness.org/tax-fairness-briefing-booklet/fact-sheet-corporate-tax-rates/&usg=AFQjCNFQUNPRYUMm7ONb-tuD3xCJb__yYA&sig2=UzkhaAAC69GcI7wbRs6JpQshifted their main corporations overseas where they pay ZERO US Taxes but collect oodles in sales in the US.
Challenge: Cite three examples of these corporations who pay zero US tax but collect sales in the US?
- Corporate share of federal tax revenue has dropped by two-thirds in 60 years — from 32% in 1952 to 10% in 2013.
- General Electric, Boeing, Verizon and 23 other profitable Fortune 500 firms paid no federal income taxes from 2008 to 2012.
- 288 big and profitable Fortune 500 corporations paid an average effective federal tax rate of just 19.4% from 2008 to 2012.
- Profitable corporations paid U.S. income taxes amounting to just 12.6% of worldwide incomein 2010.
- U.S. corporations dodge $90 billion a year in income taxes by shifting profits to subsidiaries — often no more than post office boxes — in tax havens.
- U.S. corporations officially hold $2.1 trillion in profits offshore — much of it in tax havens — that have not yet been taxed here.
Okay moron... read your challenge CAREFULLY.... I asked you to show 3 corporations who 1) Paid zero US taxes AND 2) Collected sales in the US. You cited a list of propaganda links which show such nuggets as "General Electric, Boeing, Verizon and 23 other profitable Fortune 500 firms paid no federal income taxes from 2008 to 2012" BUT... what the propagandists FAIL to mention is their sales. You see, whenever your expenses are more than your profits, you show a loss and you don't pay taxes on a loss. Now, just so happens, between '08-'12, we went through a major recession and many businesses who didn't completely tank, didn't show a profit.
But propagandists rely on really stupid people who don't comprehend that "revenues collected" is not profits made. And so, you can manipulate statistics to show something seemingly outrageous or unethical. The only person being unethical is you... the propagandist.
Fifteen (of Many) Reasons Why We Need Corporate Tax Reform
April 9, 2015 12:49 PM | Permalink |
Companies From Various Sectors Use Legal Tax Dodges to Avoid Taxes
Read this report in PDF.
This CTJ report illustrates how profitable Fortune 500 companies in a range of sectors of the U.S. economy have been remarkably successful in manipulating the tax system to avoid paying even a dime in tax on billions of dollars in U.S. profits. These 15 corporations’ tax situations shed light on the widespread nature of corporate tax avoidance. As a group, the 15 companies paid no federal income tax on $23 billion in profits in 2014, and they paid almost no federal income tax on $107 billion in profits over the past five years. All but two received federal tax rebates in 2014, and almost all paid exceedingly low rates over five years.
Companies Represent Diverse Economic Sectors
The companies profiled here represent a range of segments of the U.S. economy:
All 15 companies’ effective federal income tax rates for 2014 and the five-year period between 2010 and 2014 are shown in the table below:
- Broadcaster CBS Corporation enjoyed $1.8 billion in U.S. profits last year, and received a federal income tax rebate of $235 million.
- Doll-maker Mattel, which has paid zero federal income taxes over the past five years, received a tax rebate of $46 million in 2014.
- The financial services corporation Prudential avoided all federal income taxes on its $3.5 billion in U.S. profits in 2014.
- Ryder System, which provides truck rentals and services, paid a negative 0.3 percent federal income tax rate in 2014 and over the past five years a negative 0.5 percent rate.
- California-based utility PG&E had negative tax rates both in 2014 and over the five-year period.
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Fifteen (of Many) Reasons Why We Need Corporate Tax Reform | CTJReports
This is just MORE propaganda where people have manipulated the data to support your meme. I'm sorry... that's all it is. There is TONS of it online because Marxists have nothing better to do than churn out more and more misleading and dishonest propaganda. Why? Because dumb little piss ants like YOU buy it! You're too stupid to figure out how you're being lied to and manipulated. It's easier for you to just believe this nonsense because you've been brainwashed to think capitalism is evil. Lenin had a term for you... "Useful Idiots."