Comrades Rejoice

[bigmack]

Stickin' it to The Man. :ThmbUp: Corporate greed is good the country. More loot for flunkies.

http://i165.photobucket.com/albums/u70/macktime/corptax.png
http://biggovernment.com/dmitchell/2010/12/15/americas-number-one-americas-number-one-oops-never-mind/

[boxcar]

More proof that Big Gov is as greedy or even more greedy than Big Biz.

We know the government thinks nothing of murdering millions of Americans by keeping tobacco legal. And it will shamelessly tax even the dead. The greed of Big Gov probably has no equal.

Boxcar

[toetoe]

murdering millions of Americans by keeping tobacco legal



Okay; far too subtle for me. A joke, maybe ?

[BlueShoe]

Okay; far too subtle for me. A joke, maybe ?
No. First the government collects large sums from tobacco sales and production taxes. Next, smokers tend to die earlier. That means no social security or medicare expenditures. Big Brother gets em coming and going.

[bigmack]

Tobacco? Love me some Rob Reiner showering the habitual legions in the Golden State :cool: with a tax so oppressive it wreaks of screw the little guy.

Fat rich guys tellin' smokers to pony-up. Precious little joys.

http://lakers.topbuzz.com/gallery/d/3741-2/laker-fans-jack-nicholson-rob-reiner-27595661.jpg

[boxcar]

Okay; far too subtle for me. A joke, maybe ?

Uh, oh...I see you're still not feeling well. And that is no laughing matter. :D

Boxcar
P.S. Sorry, I couldn't keep a straight face.

[NJ Stinks]

Stickin' it to The Man. :ThmbUp: Corporate greed is good the country. More loot for flunkies.

http://i165.photobucket.com/albums/u70/macktime/corptax.png
http://biggovernment.com/dmitchell/2010/12/15/americas-number-one-americas-number-one-oops-never-mind/

Another load of crap. Corporations in the USA pay peanuts in corporate income taxes. Why? Because deductions/expense offset most of a corporation's gross income.

I didn't waste much time looking but the average federal corporate income tax paid in 2005 was $2,757.

In short, who cares what the federal rate is when actual payments are peanuts?

http://www.taxfoundation.org/taxdata/show/22691.html (http://www.taxfoundation.org/taxdata/show/22691.html)

_________________________________________________


Here's more:

Most U.S. firms paid no taxes over 7-year span

Two-thirds of U.S., foreign companies cited in GAO report


August 13, 2008|By Carolyn Said, Chronicle Staff Writer

When the taxman cometh, most corporations wave him on by, according to a government study released on Tuesday.

About two-thirds of U.S. companies and foreign firms doing business in this country paid no federal income taxes from 1998 to 2005, according to a study by the Government Accountability Office. Sen. Byron Dorgan, D-N.D., called the report "a shocking indictment of the current tax system."

To be sure, many of the nonpayers were small or new companies that probably made no money. But the report said that about a quarter of large corporations - ones that had more than $250 million in assets or $50 million in gross receipts - paid no taxes. In 2005, for instance, 3,565 large U.S. companies and 998 large foreign-owned companies operating here did not pay any income taxes.

The report neither identified any companies nor specified how they avoided tax liability.

There are numerous legal ways a corporation can duck taxes. The most obvious one: If you don't make money, you don't have to pay taxes. Companies also can write off previous years' losses, get tax exemptions for a plethora of expenses, use R&D credits, even wipe out tax liability when their employees exercise stock options.

More at the link below:

http://articles.sfgate.com/2008-08-13/news/17123842_1_tax-foundation-income-taxes-zero-taxes

[skate]

nice to have some names, say, GM, AIG, but the following was reported


In the years covered by the GAO report, a greater percentage of foreign-controlled domestic corporations than U.S. ones paid no taxes. Although the report did not draw conclusions about the prevalence of transfer pricing abuse, it discussed the issue at length.

I would have to add, most companys don't stay in business long enouigh to pay fed taxes.

But but butter, tax laws are really poor:bang:

[WeirdWilly]

Another load of crap. Corporations in the USA pay peanuts in corporate income taxes. Why? Because deductions/expense offset most of a corporation's gross income.

I didn't waste much time looking but the average federal corporate income tax paid in 2005 was $2,757.

In short, who cares what the federal rate is when actual payments are peanuts?

http://www.taxfoundation.org/taxdata/show/22691.html (http://www.taxfoundation.org/taxdata/show/22691.html)

_________________________________________________


Here's more:

Most U.S. firms paid no taxes over 7-year span

Two-thirds of U.S., foreign companies cited in GAO report


August 13, 2008|By Carolyn Said, Chronicle Staff Writer

When the taxman cometh, most corporations wave him on by, according to a government study released on Tuesday.

About two-thirds of U.S. companies and foreign firms doing business in this country paid no federal income taxes from 1998 to 2005, according to a study by the Government Accountability Office. Sen. Byron Dorgan, D-N.D., called the report "a shocking indictment of the current tax system."

To be sure, many of the nonpayers were small or new companies that probably made no money. But the report said that about a quarter of large corporations - ones that had more than $250 million in assets or $50 million in gross receipts - paid no taxes. In 2005, for instance, 3,565 large U.S. companies and 998 large foreign-owned companies operating here did not pay any income taxes.

The report neither identified any companies nor specified how they avoided tax liability.

There are numerous legal ways a corporation can duck taxes. The most obvious one: If you don't make money, you don't have to pay taxes. Companies also can write off previous years' losses, get tax exemptions for a plethora of expenses, use R&D credits, even wipe out tax liability when their employees exercise stock options.

More at the link below:

http://articles.sfgate.com/2008-08-13/news/17123842_1_tax-foundation-income-taxes-zero-taxes

Haven't looked yet. Do any of those articles detail how much tax the stockholders pay on dividends?

How much do they pay in property tax? In sales tax?

If they go months, even years, without revenue, should they still pay an asset (as opposed to income) tax? Should they pay taxes on their gross revenues, despite their expense level?

I'm not saying there are not people gaming the system. But do you have the energy to explore the whole story, or just the parts that help feed your outrage?

[NJ Stinks]

Haven't looked yet. Do any of those articles detail how much tax the stockholders pay on dividends?

How much do they pay in property tax? In sales tax?

If they go months, even years, without revenue, should they still pay an asset (as opposed to income) tax? Should they pay taxes on their gross revenues, despite their expense level?

I'm not saying there are not people gaming the system. But do you have the energy to explore the whole story, or just the parts that help feed your outrage?

Not really outraged, WeirdWilly. Mack brings out some bogus report that U.S. corporations are being slayed by the highest tax rates in the world. I pointed out what that article didn't.

Now you want to talk about anything but the subject at hand.

I don't blame you. :p

[bigmack]

Mack brings out some bogus report that U.S. corporations are being slayed by the highest tax rates in the world.
What's the bogus part, Puddinhead?

[Grits]

Puddinhead? You guys are unreal with the namecalling!!!:lol: :lol: :lol:

[skate]

puddinhead Jones, a neighbor, played for the Phills back in the 50s, third base.:jump: