Remember when GE paid no taxes under their messiah?



Now, they will feign outrage about any company getting tax relief, which always leads to business expansion and hiring.

When the left credit their black messiah did good things for the economy, do they know he did things like this?

I personally did not mind that. Leads to hiring.

The left now all of a sudden go to their bullshit claims.

Such fucking ignorant losers.


But what about the debt?

60 Top Corporations Paid $0 Federal Taxes Under Trump Tax Law | HuffPost

You Republicans loved to point to GE and say Obama didn't make them pay taxes? Well the number of companies that pay no taxes doubled since Trump took office. Idiots. Get ready to pay more taxes and watch that debt quadruple.
 


Now, they will feign outrage about any company getting tax relief, which always leads to business expansion and hiring.

When the left credit their black messiah did good things for the economy, do they know he did things like this?

I personally did not mind that. Leads to hiring.

The left now all of a sudden go to their bullshit claims.

Such fucking ignorant losers.


But what about the debt?

60 Top Corporations Paid $0 Federal Taxes Under Trump Tax Law | HuffPost

You Republicans loved to point to GE and say Obama didn't make them pay taxes? Well the number of companies that pay no taxes doubled since Trump took office. Idiots. Get ready to pay more taxes and watch that debt quadruple.


Obama was in charge of collecting taxes? News to me.
 


Now, they will feign outrage about any company getting tax relief, which always leads to business expansion and hiring.

When the left credit their black messiah did good things for the economy, do they know he did things like this?

I personally did not mind that. Leads to hiring.

The left now all of a sudden go to their bullshit claims.

Such fucking ignorant losers.


Yes we did mind that GE paid no taxes.

Twice as many companies paying zero taxes under Trump tax bill
 


Now, they will feign outrage about any company getting tax relief, which always leads to business expansion and hiring.

When the left credit their black messiah did good things for the economy, do they know he did things like this?

I personally did not mind that. Leads to hiring.

The left now all of a sudden go to their bullshit claims.

Such fucking ignorant losers.


Yes we did mind that GE paid no taxes.

Twice as many companies paying zero taxes under Trump tax bill



thanks,,,
its great news to hear more people and companies get to keep more of the money they earned and the government get less

lest see if we can increase this,,,
 


Now, they will feign outrage about any company getting tax relief, which always leads to business expansion and hiring.

When the left credit their black messiah did good things for the economy, do they know he did things like this?

I personally did not mind that. Leads to hiring.

The left now all of a sudden go to their bullshit claims.

Such fucking ignorant losers.


Yes we did mind that GE paid no taxes.

Twice as many companies paying zero taxes under Trump tax bill



thanks,,,
its great news to hear more people and companies get to keep more of the money they earned and the government get less

lest see if we can increase this,,,


Wake the fuck up

During the 2016 presidential campaign, Republican candidate Donald Trump promised he would eliminate the nation’s debt in eight years. Instead, his budgets would add $9.1 trillion during that time. It would increase the U.S. debt to $29 trillion according to Trump's budget estimates.
the U.S. debt. He promised to grow the economy 6 percent annually to increase tax revenues. But once in office, he lowered his growth estimate to 3.5 percent to 4 percent.

These projections are above the 2-3 percent healthy growth rate. When growth is more than that, it creates inflation. Too much money chases too few good business projects. Irrational exuberance grips investors. They create a boom-bust cycle that ends in a recession. Trump’s Fiscal Year 2020 budget lowered annual growth rates down to between 2.4 percent and 2.9 percent annually.
Trump promised to achieve 4 percent growth with tax cuts. In his first 100 days, he released the outline of would become the Tax Cuts and Jobs Act. It cut the corporate tax rate from 35 percent to 21 percent beginning in 2018. The top individual income tax rate drops to 37 percent. It doubles the standard deduction and eliminates personal exemptions. The corporate cuts are permanent, while the individual changes expire at the end of 2025.


But Trump's tax cuts won't stimulate the economy enough to make up for lost tax revenue. According to the Laffer curve, tax cuts only do that when the rates were above 50 percent. It worked during the Reagan administration because the highest tax rate was 70 percent.


Trump’s second strategy is to “eliminate waste and redundancy in federal spending.” He demonstrated cost-consciousness in his campaign. He used his Twitter account and rallies instead of expensive television ads. He outlined his cost-cutting strategies in his book, "The Art of the Deal."


Trump was right that there is waste in federal spending. The problem isn't finding it. Both Presidents Bush and Obama did that. The problem is in cutting it. Each program has a constituency that lobbies Congress. Eliminating these benefits loses voters and contributors. Congress will agree to cut spending in someone else’s district, but not in their own.


Any president must cut into the biggest programs to make an impact on the debt. More than two-thirds of government spending goes to mandatory obligations made by previous Acts of Congress. For FY 2020, Social Security benefits cost $1 trillion a year, Medicare costs $679 billion, and Medicaid costs $418 billion. The interest on the debt is $479 billion.


To lower the debt, military spending must also be cut. The most Obama spent was $855 billion in FY 2011. The most Bush spent was $666 billion in FY 2008. Instead of cutting, Trump is breaking all those records. Military spending rose to $989 billion in FY 2020.
 


Now, they will feign outrage about any company getting tax relief, which always leads to business expansion and hiring.

When the left credit their black messiah did good things for the economy, do they know he did things like this?

I personally did not mind that. Leads to hiring.

The left now all of a sudden go to their bullshit claims.

Such fucking ignorant losers.


Yes we did mind that GE paid no taxes.

Twice as many companies paying zero taxes under Trump tax bill



thanks,,,
its great news to hear more people and companies get to keep more of the money they earned and the government get less

lest see if we can increase this,,,



Budget Deficit on Path to Surpass $1 Trillion Under Trump

Great news! HUH?
 


Now, they will feign outrage about any company getting tax relief, which always leads to business expansion and hiring.

When the left credit their black messiah did good things for the economy, do they know he did things like this?

I personally did not mind that. Leads to hiring.

The left now all of a sudden go to their bullshit claims.

Such fucking ignorant losers.


Yes we did mind that GE paid no taxes.

Twice as many companies paying zero taxes under Trump tax bill



thanks,,,
its great news to hear more people and companies get to keep more of the money they earned and the government get less

lest see if we can increase this,,,


That's a different discussion all together. The point is in 2007 you guys pointed to the fact that GE was paying zero taxes and that Obama made the GE CEO a jobs Czar. You were trying to suggest that it is the Democrats who are the corporate sellouts.

So now we see the number of companies that pay zero taxes doubled under Trump.

This proves that it's the Republicans who are the corporate sellouts and the party of the rich. Don't try to spin this into the fact you don't think corporations should pay taxes.

But then your taxes will go up. Dummy
 


Now, they will feign outrage about any company getting tax relief, which always leads to business expansion and hiring.

When the left credit their black messiah did good things for the economy, do they know he did things like this?

I personally did not mind that. Leads to hiring.

The left now all of a sudden go to their bullshit claims.

Such fucking ignorant losers.


Yes we did mind that GE paid no taxes.

Twice as many companies paying zero taxes under Trump tax bill



thanks,,,
its great news to hear more people and companies get to keep more of the money they earned and the government get less

lest see if we can increase this,,,



Budget Deficit on Path to Surpass $1 Trillion Under Trump

Great news! HUH?



cant help it if you dems and your repubs friends are backstabbing liars and thieves hell bent on destroying the country with debt,,,

all of you pricks need to have every dollar youve ever made taken and used to pay the debt and leave the honest hard working people alone
 


Now, they will feign outrage about any company getting tax relief, which always leads to business expansion and hiring.

When the left credit their black messiah did good things for the economy, do they know he did things like this?

I personally did not mind that. Leads to hiring.

The left now all of a sudden go to their bullshit claims.

Such fucking ignorant losers.


Yes we did mind that GE paid no taxes.

Twice as many companies paying zero taxes under Trump tax bill



thanks,,,
its great news to hear more people and companies get to keep more of the money they earned and the government get less

lest see if we can increase this,,,


That's a different discussion all together. The point is in 2007 you guys pointed to the fact that GE was paying zero taxes and that Obama made the GE CEO a jobs Czar. You were trying to suggest that it is the Democrats who are the corporate sellouts.

So now we see the number of companies that pay zero taxes doubled under Trump.

This proves that it's the Republicans who are the corporate sellouts and the party of the rich. Don't try to spin this into the fact you don't think corporations should pay taxes.

But then your taxes will go up. Dummy



whats this you guys crap??? I'm not a republican,,,

you know nothing about me,,,
 


Now, they will feign outrage about any company getting tax relief, which always leads to business expansion and hiring.

When the left credit their black messiah did good things for the economy, do they know he did things like this?

I personally did not mind that. Leads to hiring.

The left now all of a sudden go to their bullshit claims.

Such fucking ignorant losers.


Yes we did mind that GE paid no taxes.

Twice as many companies paying zero taxes under Trump tax bill



thanks,,,
its great news to hear more people and companies get to keep more of the money they earned and the government get less

lest see if we can increase this,,,


Wake the fuck up

During the 2016 presidential campaign, Republican candidate Donald Trump promised he would eliminate the nation’s debt in eight years. Instead, his budgets would add $9.1 trillion during that time. It would increase the U.S. debt to $29 trillion according to Trump's budget estimates.
the U.S. debt. He promised to grow the economy 6 percent annually to increase tax revenues. But once in office, he lowered his growth estimate to 3.5 percent to 4 percent.

These projections are above the 2-3 percent healthy growth rate. When growth is more than that, it creates inflation. Too much money chases too few good business projects. Irrational exuberance grips investors. They create a boom-bust cycle that ends in a recession. Trump’s Fiscal Year 2020 budget lowered annual growth rates down to between 2.4 percent and 2.9 percent annually.
Trump promised to achieve 4 percent growth with tax cuts. In his first 100 days, he released the outline of would become the Tax Cuts and Jobs Act. It cut the corporate tax rate from 35 percent to 21 percent beginning in 2018. The top individual income tax rate drops to 37 percent. It doubles the standard deduction and eliminates personal exemptions. The corporate cuts are permanent, while the individual changes expire at the end of 2025.


But Trump's tax cuts won't stimulate the economy enough to make up for lost tax revenue. According to the Laffer curve, tax cuts only do that when the rates were above 50 percent. It worked during the Reagan administration because the highest tax rate was 70 percent.


Trump’s second strategy is to “eliminate waste and redundancy in federal spending.” He demonstrated cost-consciousness in his campaign. He used his Twitter account and rallies instead of expensive television ads. He outlined his cost-cutting strategies in his book, "The Art of the Deal."


Trump was right that there is waste in federal spending. The problem isn't finding it. Both Presidents Bush and Obama did that. The problem is in cutting it. Each program has a constituency that lobbies Congress. Eliminating these benefits loses voters and contributors. Congress will agree to cut spending in someone else’s district, but not in their own.


Any president must cut into the biggest programs to make an impact on the debt. More than two-thirds of government spending goes to mandatory obligations made by previous Acts of Congress. For FY 2020, Social Security benefits cost $1 trillion a year, Medicare costs $679 billion, and Medicaid costs $418 billion. The interest on the debt is $479 billion.


To lower the debt, military spending must also be cut. The most Obama spent was $855 billion in FY 2011. The most Bush spent was $666 billion in FY 2008. Instead of cutting, Trump is breaking all those records. Military spending rose to $989 billion in FY 2020.


What article are you linking?
 


Now, they will feign outrage about any company getting tax relief, which always leads to business expansion and hiring.

When the left credit their black messiah did good things for the economy, do they know he did things like this?

I personally did not mind that. Leads to hiring.

The left now all of a sudden go to their bullshit claims.

Such fucking ignorant losers.


Yes we did mind that GE paid no taxes.

Twice as many companies paying zero taxes under Trump tax bill

/----/ "Yes we did mind that GE paid no taxes."
Then you're not very astute when it comes to business. So tell us, why do you care?
 


Now, they will feign outrage about any company getting tax relief, which always leads to business expansion and hiring.

When the left credit their black messiah did good things for the economy, do they know he did things like this?

I personally did not mind that. Leads to hiring.

The left now all of a sudden go to their bullshit claims.

Such fucking ignorant losers.


Yes we did mind that GE paid no taxes.

Twice as many companies paying zero taxes under Trump tax bill



thanks,,,
its great news to hear more people and companies get to keep more of the money they earned and the government get less

lest see if we can increase this,,,


Wake the fuck up

During the 2016 presidential campaign, Republican candidate Donald Trump promised he would eliminate the nation’s debt in eight years. Instead, his budgets would add $9.1 trillion during that time. It would increase the U.S. debt to $29 trillion according to Trump's budget estimates.
the U.S. debt. He promised to grow the economy 6 percent annually to increase tax revenues. But once in office, he lowered his growth estimate to 3.5 percent to 4 percent.

These projections are above the 2-3 percent healthy growth rate. When growth is more than that, it creates inflation. Too much money chases too few good business projects. Irrational exuberance grips investors. They create a boom-bust cycle that ends in a recession. Trump’s Fiscal Year 2020 budget lowered annual growth rates down to between 2.4 percent and 2.9 percent annually.
Trump promised to achieve 4 percent growth with tax cuts. In his first 100 days, he released the outline of would become the Tax Cuts and Jobs Act. It cut the corporate tax rate from 35 percent to 21 percent beginning in 2018. The top individual income tax rate drops to 37 percent. It doubles the standard deduction and eliminates personal exemptions. The corporate cuts are permanent, while the individual changes expire at the end of 2025.


But Trump's tax cuts won't stimulate the economy enough to make up for lost tax revenue. According to the Laffer curve, tax cuts only do that when the rates were above 50 percent. It worked during the Reagan administration because the highest tax rate was 70 percent.


Trump’s second strategy is to “eliminate waste and redundancy in federal spending.” He demonstrated cost-consciousness in his campaign. He used his Twitter account and rallies instead of expensive television ads. He outlined his cost-cutting strategies in his book, "The Art of the Deal."


Trump was right that there is waste in federal spending. The problem isn't finding it. Both Presidents Bush and Obama did that. The problem is in cutting it. Each program has a constituency that lobbies Congress. Eliminating these benefits loses voters and contributors. Congress will agree to cut spending in someone else’s district, but not in their own.


Any president must cut into the biggest programs to make an impact on the debt. More than two-thirds of government spending goes to mandatory obligations made by previous Acts of Congress. For FY 2020, Social Security benefits cost $1 trillion a year, Medicare costs $679 billion, and Medicaid costs $418 billion. The interest on the debt is $479 billion.


To lower the debt, military spending must also be cut. The most Obama spent was $855 billion in FY 2011. The most Bush spent was $666 billion in FY 2008. Instead of cutting, Trump is breaking all those records. Military spending rose to $989 billion in FY 2020.


What article are you linking?


Trump Pledged to Eliminate the Debt. Instead He Will Add $8.3 Trillion
 


Now, they will feign outrage about any company getting tax relief, which always leads to business expansion and hiring.

When the left credit their black messiah did good things for the economy, do they know he did things like this?

I personally did not mind that. Leads to hiring.

The left now all of a sudden go to their bullshit claims.

Such fucking ignorant losers.


Yes we did mind that GE paid no taxes.

Twice as many companies paying zero taxes under Trump tax bill

/----/ "Yes we did mind that GE paid no taxes."
Then you're not very astute when it comes to business. So tell us, why do you care?


Great question you house slave.

Nobles Need Not Pay Taxes

Corporations are taxed because they use public services, and are therefore expected to help pay for them - the same as citizens.

Corporations make use of a work force educated in public schools paid for with tax dollars. They use roads and highways paid for with tax dollars. They use water, sewer, and power and communications rights-of-way paid for with taxes. They demand the same protection from fire and police departments as everybody else, and enjoy the benefits of national sovereignty and the stability provided by the military and institutions like NATO and the United Nations, the same as all residents of democratic nations.

In fact, corporations are heavier users of taxpayer-provided services and institutions than are average citizens. Taxes pay for our court systems, which are most heavily used by corporations to enforce contracts. Taxes pay for our Treasury Department and other governmental institutions which maintain a stable currency essential to corporate activity. Taxes pay for our regulation of corporate activity, from assuring safety in the workplace to a pure food and drug supply to limiting toxic emissions.

Under George W. Bush, the burden of cleaning up toxic wastes produced by corporate activity has largely shifted from polluter-funded Superfund and other programs to taxpayer-funded cleanups (as he did in Texas as governor there before becoming President).

Every year, millions of cases of cancer, emphysema, neurological disorders, and other conditions caused by corporate pollution are paid for in whole or in part by government funded programs from Medicare to Medicaid to government subsidies of hospitals, universities, and research institutions funded by tax dollars through the NIH and NIMH.

Because it's well understood that corporations use our tax-funded institutions at least as heavily as do citizens, they've traditionally been taxed at similar rates. For example, the top corporate tax rate in the US was 48% during the Carter administration, down from the a peak of 53% during the Eisenhower and Kennedy years.

Today it stands at 35%, but in May of 2001 Bush administration Treasury Secretary Paul O'Neill suggested there should be no corporate income tax whatsoever. This was the opening salvo in a very real war to have working people bear all the costs of the commons and governance, while the wealthy corporate elite derive most of its benefits.

And, as George H.W. Bush pointed out when he was president, this isn't just an American phenomenon. It's a New World Order.
 


Now, they will feign outrage about any company getting tax relief, which always leads to business expansion and hiring.

When the left credit their black messiah did good things for the economy, do they know he did things like this?

I personally did not mind that. Leads to hiring.

The left now all of a sudden go to their bullshit claims.

Such fucking ignorant losers.


Yes we did mind that GE paid no taxes.

Twice as many companies paying zero taxes under Trump tax bill



thanks,,,
its great news to hear more people and companies get to keep more of the money they earned and the government get less

lest see if we can increase this,,,


Wake the fuck up

During the 2016 presidential campaign, Republican candidate Donald Trump promised he would eliminate the nation’s debt in eight years. Instead, his budgets would add $9.1 trillion during that time. It would increase the U.S. debt to $29 trillion according to Trump's budget estimates.
the U.S. debt. He promised to grow the economy 6 percent annually to increase tax revenues. But once in office, he lowered his growth estimate to 3.5 percent to 4 percent.

These projections are above the 2-3 percent healthy growth rate. When growth is more than that, it creates inflation. Too much money chases too few good business projects. Irrational exuberance grips investors. They create a boom-bust cycle that ends in a recession. Trump’s Fiscal Year 2020 budget lowered annual growth rates down to between 2.4 percent and 2.9 percent annually.
Trump promised to achieve 4 percent growth with tax cuts. In his first 100 days, he released the outline of would become the Tax Cuts and Jobs Act. It cut the corporate tax rate from 35 percent to 21 percent beginning in 2018. The top individual income tax rate drops to 37 percent. It doubles the standard deduction and eliminates personal exemptions. The corporate cuts are permanent, while the individual changes expire at the end of 2025.


But Trump's tax cuts won't stimulate the economy enough to make up for lost tax revenue. According to the Laffer curve, tax cuts only do that when the rates were above 50 percent. It worked during the Reagan administration because the highest tax rate was 70 percent.


Trump’s second strategy is to “eliminate waste and redundancy in federal spending.” He demonstrated cost-consciousness in his campaign. He used his Twitter account and rallies instead of expensive television ads. He outlined his cost-cutting strategies in his book, "The Art of the Deal."


Trump was right that there is waste in federal spending. The problem isn't finding it. Both Presidents Bush and Obama did that. The problem is in cutting it. Each program has a constituency that lobbies Congress. Eliminating these benefits loses voters and contributors. Congress will agree to cut spending in someone else’s district, but not in their own.


Any president must cut into the biggest programs to make an impact on the debt. More than two-thirds of government spending goes to mandatory obligations made by previous Acts of Congress. For FY 2020, Social Security benefits cost $1 trillion a year, Medicare costs $679 billion, and Medicaid costs $418 billion. The interest on the debt is $479 billion.


To lower the debt, military spending must also be cut. The most Obama spent was $855 billion in FY 2011. The most Bush spent was $666 billion in FY 2008. Instead of cutting, Trump is breaking all those records. Military spending rose to $989 billion in FY 2020.


What article are you linking?


Trump Pledged to Eliminate the Debt. Instead He Will Add $8.3 Trillion

/----/ OK - so you do understand that corporations pass tax increases on to the consumers in the form of higher prices. And when prices go up, it affects ALL Americans, rich and poor, even though 49% pay no income tax. This is your sneaky way to get the freeloaders to pay their fair share. I get it now. WOAZA that is crafty and sneaky, because the poor shlubs who screech "make corporations pay higher taxes" are too dumb to understand it's an indirect tax on them. BRILLIANT.
 


Now, they will feign outrage about any company getting tax relief, which always leads to business expansion and hiring.

When the left credit their black messiah did good things for the economy, do they know he did things like this?

I personally did not mind that. Leads to hiring.

The left now all of a sudden go to their bullshit claims.

Such fucking ignorant losers.


Yes we did mind that GE paid no taxes.

Twice as many companies paying zero taxes under Trump tax bill

/----/ "Yes we did mind that GE paid no taxes."
Then you're not very astute when it comes to business. So tell us, why do you care?


Great question you house slave.

Nobles Need Not Pay Taxes

Corporations are taxed because they use public services, and are therefore expected to help pay for them - the same as citizens.

Corporations make use of a work force educated in public schools paid for with tax dollars. They use roads and highways paid for with tax dollars. They use water, sewer, and power and communications rights-of-way paid for with taxes. They demand the same protection from fire and police departments as everybody else, and enjoy the benefits of national sovereignty and the stability provided by the military and institutions like NATO and the United Nations, the same as all residents of democratic nations.

In fact, corporations are heavier users of taxpayer-provided services and institutions than are average citizens. Taxes pay for our court systems, which are most heavily used by corporations to enforce contracts. Taxes pay for our Treasury Department and other governmental institutions which maintain a stable currency essential to corporate activity. Taxes pay for our regulation of corporate activity, from assuring safety in the workplace to a pure food and drug supply to limiting toxic emissions.

Under George W. Bush, the burden of cleaning up toxic wastes produced by corporate activity has largely shifted from polluter-funded Superfund and other programs to taxpayer-funded cleanups (as he did in Texas as governor there before becoming President).

Every year, millions of cases of cancer, emphysema, neurological disorders, and other conditions caused by corporate pollution are paid for in whole or in part by government funded programs from Medicare to Medicaid to government subsidies of hospitals, universities, and research institutions funded by tax dollars through the NIH and NIMH.

Because it's well understood that corporations use our tax-funded institutions at least as heavily as do citizens, they've traditionally been taxed at similar rates. For example, the top corporate tax rate in the US was 48% during the Carter administration, down from the a peak of 53% during the Eisenhower and Kennedy years.

Today it stands at 35%, but in May of 2001 Bush administration Treasury Secretary Paul O'Neill suggested there should be no corporate income tax whatsoever. This was the opening salvo in a very real war to have working people bear all the costs of the commons and governance, while the wealthy corporate elite derive most of its benefits.

And, as George H.W. Bush pointed out when he was president, this isn't just an American phenomenon. It's a New World Order.

/----/ I get it. This is how you sell higher indirect taxes on the poor who pay no income tax. You kick them in the nuts with an indirect tax disguised at the populist tax on corporations. BRILLIANT.

It took some digging but here is the proof:
Operating Costs
The rental of computer systems or other technology-related expenses are included in this category. Postage and office supplies are operating costs most companies incur on a monthly basis. Taxes or license fees the company pays on a scheduled basis are also part of operating costs. Dues for memberships or subscriptions to publications are other overhead costs often incurred. What Is Corporate Overhead Cost?
 


Now, they will feign outrage about any company getting tax relief, which always leads to business expansion and hiring.

When the left credit their black messiah did good things for the economy, do they know he did things like this?

I personally did not mind that. Leads to hiring.

The left now all of a sudden go to their bullshit claims.

Such fucking ignorant losers.


Yes we did mind that GE paid no taxes.

Twice as many companies paying zero taxes under Trump tax bill

/----/ "Yes we did mind that GE paid no taxes."
Then you're not very astute when it comes to business. So tell us, why do you care?


Great question you house slave.

Nobles Need Not Pay Taxes

Corporations are taxed because they use public services, and are therefore expected to help pay for them - the same as citizens.

Corporations make use of a work force educated in public schools paid for with tax dollars. They use roads and highways paid for with tax dollars. They use water, sewer, and power and communications rights-of-way paid for with taxes. They demand the same protection from fire and police departments as everybody else, and enjoy the benefits of national sovereignty and the stability provided by the military and institutions like NATO and the United Nations, the same as all residents of democratic nations.

In fact, corporations are heavier users of taxpayer-provided services and institutions than are average citizens. Taxes pay for our court systems, which are most heavily used by corporations to enforce contracts. Taxes pay for our Treasury Department and other governmental institutions which maintain a stable currency essential to corporate activity. Taxes pay for our regulation of corporate activity, from assuring safety in the workplace to a pure food and drug supply to limiting toxic emissions.

Under George W. Bush, the burden of cleaning up toxic wastes produced by corporate activity has largely shifted from polluter-funded Superfund and other programs to taxpayer-funded cleanups (as he did in Texas as governor there before becoming President).

Every year, millions of cases of cancer, emphysema, neurological disorders, and other conditions caused by corporate pollution are paid for in whole or in part by government funded programs from Medicare to Medicaid to government subsidies of hospitals, universities, and research institutions funded by tax dollars through the NIH and NIMH.

Because it's well understood that corporations use our tax-funded institutions at least as heavily as do citizens, they've traditionally been taxed at similar rates. For example, the top corporate tax rate in the US was 48% during the Carter administration, down from the a peak of 53% during the Eisenhower and Kennedy years.

Today it stands at 35%, but in May of 2001 Bush administration Treasury Secretary Paul O'Neill suggested there should be no corporate income tax whatsoever. This was the opening salvo in a very real war to have working people bear all the costs of the commons and governance, while the wealthy corporate elite derive most of its benefits.

And, as George H.W. Bush pointed out when he was president, this isn't just an American phenomenon. It's a New World Order.

/----/ I get it. This is how you sell higher indirect taxes on the poor who pay no income tax. You kick them in the nuts with an indirect tax disguised at the populist tax on corporations. BRILLIANT.

It took some digging but here is the proof:
Operating Costs
The rental of computer systems or other technology-related expenses are included in this category. Postage and office supplies are operating costs most companies incur on a monthly basis. Taxes or license fees the company pays on a scheduled basis are also part of operating costs. Dues for memberships or subscriptions to publications are other overhead costs often incurred. What Is Corporate Overhead Cost?


Huh?

You don't realize this tax break will eventually shift the tax burden more onto us, the middle class?

Ryan’s Secret Plan to Shift the Tax Burden Onto the Middle Class - Center for American Progress
 


Now, they will feign outrage about any company getting tax relief, which always leads to business expansion and hiring.

When the left credit their black messiah did good things for the economy, do they know he did things like this?

I personally did not mind that. Leads to hiring.

The left now all of a sudden go to their bullshit claims.

Such fucking ignorant losers.


Yes we did mind that GE paid no taxes.

Twice as many companies paying zero taxes under Trump tax bill

/----/ "Yes we did mind that GE paid no taxes."
Then you're not very astute when it comes to business. So tell us, why do you care?


Great question you house slave.

Nobles Need Not Pay Taxes

Corporations are taxed because they use public services, and are therefore expected to help pay for them - the same as citizens.

Corporations make use of a work force educated in public schools paid for with tax dollars. They use roads and highways paid for with tax dollars. They use water, sewer, and power and communications rights-of-way paid for with taxes. They demand the same protection from fire and police departments as everybody else, and enjoy the benefits of national sovereignty and the stability provided by the military and institutions like NATO and the United Nations, the same as all residents of democratic nations.

In fact, corporations are heavier users of taxpayer-provided services and institutions than are average citizens. Taxes pay for our court systems, which are most heavily used by corporations to enforce contracts. Taxes pay for our Treasury Department and other governmental institutions which maintain a stable currency essential to corporate activity. Taxes pay for our regulation of corporate activity, from assuring safety in the workplace to a pure food and drug supply to limiting toxic emissions.

Under George W. Bush, the burden of cleaning up toxic wastes produced by corporate activity has largely shifted from polluter-funded Superfund and other programs to taxpayer-funded cleanups (as he did in Texas as governor there before becoming President).

Every year, millions of cases of cancer, emphysema, neurological disorders, and other conditions caused by corporate pollution are paid for in whole or in part by government funded programs from Medicare to Medicaid to government subsidies of hospitals, universities, and research institutions funded by tax dollars through the NIH and NIMH.

Because it's well understood that corporations use our tax-funded institutions at least as heavily as do citizens, they've traditionally been taxed at similar rates. For example, the top corporate tax rate in the US was 48% during the Carter administration, down from the a peak of 53% during the Eisenhower and Kennedy years.

Today it stands at 35%, but in May of 2001 Bush administration Treasury Secretary Paul O'Neill suggested there should be no corporate income tax whatsoever. This was the opening salvo in a very real war to have working people bear all the costs of the commons and governance, while the wealthy corporate elite derive most of its benefits.

And, as George H.W. Bush pointed out when he was president, this isn't just an American phenomenon. It's a New World Order.

/----/ I get it. This is how you sell higher indirect taxes on the poor who pay no income tax. You kick them in the nuts with an indirect tax disguised at the populist tax on corporations. BRILLIANT.

It took some digging but here is the proof:
Operating Costs
The rental of computer systems or other technology-related expenses are included in this category. Postage and office supplies are operating costs most companies incur on a monthly basis. Taxes or license fees the company pays on a scheduled basis are also part of operating costs. Dues for memberships or subscriptions to publications are other overhead costs often incurred. What Is Corporate Overhead Cost?


Even our Republican governor did this to us here in Michigan.

Snyder budgets shifted tax burden from corporations to individuals

So in 30 years when you're pretty much making the same then as you are now, after adjusting for inflation, and the rich are richer than ever, don't blame Democrats. It was Republicans who cut corporate tax breaks. Now corporations pay no taxes which means your local and state and even federal taxes will have to go up.
 
GE hasnt been paying taxs for decades,,,

and I say good for them,,,

its time to starve the beast,,,
start with our alleged wars on crime, drugs, and terror. we have a general welfare clause not a general warfare clause.

He wants to starve his own Medicare and Social Security. What a fucking idiot!


both of them need starved out of existence,,,

and why is it dem only care about debt when its a republican in office???
 

Forum List

Back
Top