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Originally Posted by chopcrazy  What is even more funny, is that the report does not say how many companies made a profit to pay the tax and avoided it through credits or other means. Nor did the report say how many of the companies were S-corps and the federal tax would than be paid on personal income tax.
The company I work for does not pay income tax because we lose money. We have a high depreciation and interest expense which results in a net loss for us.
Maybe this is a point for going towards a flat tax or national sales tax. |
I'm no expert to even go there. All I know is I hear people telling me how much the oil companies pay in taxes. I bet they don't pay shit when it is all said and done.
The GOP passed all sorts of pro corporation laws from 2000-2006. Giving tax breaks for companies going overseas, letting companies tap into their pension funds, etc. So much has happened, I forgot probably 80% of what they did. But it all lead up to where we are now.
If we don't run them out of office, they will continue to favor corporations over labor and we will continue to shoulder way too much of the tax burden.
The rich pay a lot in taxes? BOO FREAKIN HOO!!! So do I. So who should get a break, me or the rich? Me!!!!