Toddsterpatriot
Diamond Member
- May 3, 2011
- 102,113
- 36,150
Fact Sheet: Corporate Tax Rates - Americans For Tax FairnessNo kidding they play accounting games
Losing money during a recession.....very sneaky!
DERP.
Not to mention huge CEO pay deductions
Companies can deduct employee salary expense? You must be joking!
Next you'll be telling me they can deduct COGS. Outrageous loopholes, eh?
It happens every year.
Yes, companies carry forward losses and deduct normal business expenses every year.
Oh, you mean they pay zero taxes every year. Hilarious!!!
Just for fun, give me a list of a dozen companies that were profitable but paid no taxes for the past 8 years.
Should be easy, right? LOL!
Thanks, I was looking for proof that corporations pay taxes.
It's proof many pay very little if any.
- 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 income in 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
Try again?