Fair taxation.

[CultureCitizen]

Looking at the charts below I get the impression that corporations are not paying their fair share of taxes.
Is there a way to get to the pre- 70's situation where they payed their fair share of taxes ?

 

[Mr. H.]

Has the tax gotten less, or has GDP grown?

 

[FA_Q2]

No because they will simply offshore and produce elsewhere.

The world is not the same as it was 40 years ago, don't try and make it so.

 

[Mr. H.]

No because they will simply offshore and produce elsewhere.

The world is not the same as it was 40 years ago, don't try and make it so.

It's not? That must be the fault of Republicans.

 

[Procrustes Stretched]

big graphs with lots of colors give me a fuckin headache

 

[CultureCitizen]

Has the tax gotten less, or has GDP grown?

Well , if you look at the first chart , it is clear that the tax has gotten less , because it is charted as a percentage of gdp.

 

[Mr. H.]

Those gosh darn corporations.

U.S. Corporate Tax Rates Are the Highest in the Developed World

 

[FA_Q2]

Those gosh darn corporations.

U.S. Corporate Tax Rates Are the Highest in the Developed World

And yet tax revenue is decreasing.


I KNOW I KNOW - reality is actually incorrect. Just raise the tax some more because 'fair share.' One of the most vapid phrases this past decade.

 

[CultureCitizen]

No because they will simply offshore and produce elsewhere.

The world is not the same as it was 40 years ago, don't try and make it so.

Offshore ? Is there anything left to be offshored?

agriculture: 1.1%
industry: 19.5%
services: 79.4%
The industrial production is only 19.5%.
It is time to start asking what else can actually be offshored?
The retail sector, healthcare, banking, insurance, education, transport?

The World Factbook

 

[Mr. H.]

Does anyone have an idea for whom people work in this country?

Personally, I'm stumped.

We need jobs!

Employers are posting a lot more job openings - Fortune

Or do we?

Obama says..... no.

 

[CultureCitizen]

Those gosh darn corporations.

U.S. Corporate Tax Rates Are the Highest in the Developed World

And yet tax revenue is decreasing.


I KNOW I KNOW - reality is actually incorrect. Just raise the tax some more because 'fair share.' One of the most vapid phrases this past decade.

I am not here to rant against corporations. Just, how was it that the income from corporate taxes was 2 or 3 times higher 40 years ago ?

 

[Mr. H.]

Those gosh darn corporations.

U.S. Corporate Tax Rates Are the Highest in the Developed World

And yet tax revenue is decreasing.


I KNOW I KNOW - reality is actually incorrect. Just raise the tax some more because 'fair share.' One of the most vapid phrases this past decade.

I am not here to rant against corporations. Just, how was it that the income from corporate taxes was 2 or 3 times higher 40 years ago ?

...relative to GDP.

This is another one of those fail threads.

 

[CultureCitizen]

Those gosh darn corporations.

U.S. Corporate Tax Rates Are the Highest in the Developed World

And yet tax revenue is decreasing.


I KNOW I KNOW - reality is actually incorrect. Just raise the tax some more because 'fair share.' One of the most vapid phrases this past decade.

I am not here to rant against corporations. Just, how was it that the income from corporate taxes was 2 or 3 times higher 40 years ago ?

...relative to GDP.

This is another one of those fail threads.

Since the tax rate has gone up, the only possible explanation is that corporations are earning less relative to the gdp than 40 years ago. I find it hard to believe.

 

[FA_Q2]

No because they will simply offshore and produce elsewhere.

The world is not the same as it was 40 years ago, don't try and make it so.

Offshore ? Is there anything left to be offshored?

agriculture: 1.1%
industry: 19.5%
services: 79.4%
The industrial production is only 19.5%.
It is time to start asking what else can actually be offshored?
The retail sector, healthcare, banking, insurance, education, transport?

The World Factbook

A lot actually. Wal-Mart no longer even needs to exist - I can ship directly from China many time for less than the gas would cost to pick it up from Wal-Mart. Almost anything can be done remotely now.

 

[FA_Q2]

Those gosh darn corporations.

U.S. Corporate Tax Rates Are the Highest in the Developed World

And yet tax revenue is decreasing.


I KNOW I KNOW - reality is actually incorrect. Just raise the tax some more because 'fair share.' One of the most vapid phrases this past decade.

I am not here to rant against corporations. Just, how was it that the income from corporate taxes was 2 or 3 times higher 40 years ago ?

...relative to GDP.

This is another one of those fail threads.

Since the tax rate has gone up, the only possible explanation is that corporations are earning less relative to the gdp than 40 years ago. I find it hard to believe.

So do I.

That either/or requires you to ignore a million other possibilities (off shoring being one of them) as well as tax boondoggles that major corporations utilize to minimize their tax burden.

 

[Mr. H.]

Those gosh darn corporations.

U.S. Corporate Tax Rates Are the Highest in the Developed World

And yet tax revenue is decreasing.


I KNOW I KNOW - reality is actually incorrect. Just raise the tax some more because 'fair share.' One of the most vapid phrases this past decade.

I am not here to rant against corporations. Just, how was it that the income from corporate taxes was 2 or 3 times higher 40 years ago ?

...relative to GDP.

This is another one of those fail threads.

Since the tax rate has gone up, the only possible explanation is that corporations are earning less relative to the gdp than 40 years ago. I find it hard to believe.

Thank you for admitting your own stupidity.

 

[CultureCitizen]

Those gosh darn corporations.

U.S. Corporate Tax Rates Are the Highest in the Developed World

And yet tax revenue is decreasing.


I KNOW I KNOW - reality is actually incorrect. Just raise the tax some more because 'fair share.' One of the most vapid phrases this past decade.

I am not here to rant against corporations. Just, how was it that the income from corporate taxes was 2 or 3 times higher 40 years ago ?

...relative to GDP.

This is another one of those fail threads.

Since the tax rate has gone up, the only possible explanation is that corporations are earning less relative to the gdp than 40 years ago. I find it hard to believe.

Thank you for admitting your own stupidity.

... I suppose that kind of comments make you feel smart... what a loathsome individual you are.

 

[ScienceRocks]

The rich can afford a few more percentage. Most of that percent would sit in the bank anyways.

 

[FA_Q2]

The rich can afford a few more percentage. Most of that percent would sit in the bank anyways.

'Sit in the bank.'

Do you think that a bank actually takes that money and places it in a vault? I find it laughable that so many seem to think that money simply stays unproductive if it is not spent. That is not how our system works. the only money that is truly unproductive is that money sitting in your pocket.

 

[Freemason9]

If you believe the fascists that own the U.S. media markets, corporations are always overtaxed. Apparently corporations should pay less, and wage earners should pay more.