Do Corporations Really Pay No Taxes?

Discussion in 'Economy' started by Tristan, Aug 21, 2008.

  1. Tristan
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    Tristan Member

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    Do Corporations Really Pay No Taxes?
    By Steven Malanga
    RealClearMarkets - Articles - Do Corporations Really Pay No Taxes?

    -snip-

    It's not cool to paste the whole article (I don't think) so I'll just mention that the proof is in the pudding and it's well worth reading the entire (short) link to have the fullest understanding possible. Clearly this is a fairly thorough debunking of a popular thread here of late.

    Warning for lefties... the link contains numbers and facts and suchlike. :badgrin:
     
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  2. editec
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    editec Mr. Forgot-it-All

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    The question isn't do they pay taxes, because of course many corporations pay huge amounts of taxes.

    The question really seems to be are they paying a FAIR SHARE of their taxes given the enormous amount of money they're making?
     
  3. Ravi
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    Ravi Diamond Member

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    What a disingenuous article. I googled “Corporations Pay No Taxes,” and came up with no main stream news sources that ever ran such a headline, as was claimed in the article.

    Real Clear Markets is a sham.

    Are you a McCain troll, Tristan?
     
  4. sealybobo
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    sealybobo Diamond Member

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    Sure they pay out a lot of taxes, but what are they getting back? I work with taxes. Tax economics of charitable giving is one issue I work with.

    There are a million tax write offs that weren't there before. For example, if you have a delivery truck and every year it looses value. Now you can write that off.

    So there are a million write offs and if you have good accountants, and the big corporations always do, then you can write everything off and technically, they are paying NOTHING or NEXT TO IT.
     
  5. editec
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    editec Mr. Forgot-it-All

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    Sort of my point, Sealy.
     
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  6. sealybobo
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    sealybobo Diamond Member

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    I know. I was agreeing with you. I'd rather say it to you, someone who listens and understands, than tell it to someone who doesn't get it.
     
  7. Charles_Main
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    Charles_Main AR15 Owner

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    Kinda like how you are a democrat Troll?
     
  8. Glori.B
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    Glori.B Born Free

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    it's called depreciation and it's nothing new...vehicles are depreciable assets, equipment is depreciable, real estate is depreciable, etc...
     
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  9. Ravi
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    Ravi Diamond Member

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    When have I posted anything suspect like Tristan just did?

    I'll wait.
     
  10. sealybobo
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    sealybobo Diamond Member

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    I just gave that as one small example because I knew you would all understand that kind of write off.

    What I am telling you is that they passed a bunch of new laws that gave corporations even more tax write offs.

    economic stimulus act, energy act, american jobs creation act, pension protection act, working families tax relief act, tax relief & healthcare act,
     

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