GAO: at least 2/3 of corporations do not pay federal income taxes

[Billy000]

That's right. You conservatives can stop bitching about the corporate tax rate of 35% being too high because it means dick when it comes to the deductions and loopholes these corporations take advantage of. The US misses out on 100 billion per year in revenue. Imagine what we could afford to fix if we had that extra revenue?

Obviously we can afford to fix this problem. After all, corporate profits are at an all time high and the top 1% of earners already own 40% of the nation's wealth.

Corporate Income Tax: Most Large Profitable U.S. Corporations Paid Tax but Effective Tax Rates Differed Significantly from the Statutory Rate

 

[Meathead]

That's right. You conservatives can stop bitching about the corporate tax rate of 35% being too high because it means dick when it comes to the deductions and loopholes these corporations take advantage of. The US misses out on 100 billion per year in revenue. Imagine what we could afford to fix if we had that extra revenue?

Obviously we can afford to fix this problem. After all, corporate profits are at an all time high and the top 1% of earners already own 40% of the nation's wealth.

Corporate Income Tax: Most Large Profitable U.S. Corporations Paid Tax but Effective Tax Rates Differed Significantly from the Statutory Rate

Obviously, you need to read your own links before making a fool of yourself.

 

[Billy000]

That's right. You conservatives can stop bitching about the corporate tax rate of 35% being too high because it means dick when it comes to the deductions and loopholes these corporations take advantage of. The US misses out on 100 billion per year in revenue. Imagine what we could afford to fix if we had that extra revenue?

Obviously we can afford to fix this problem. After all, corporate profits are at an all time high and the top 1% of earners already own 40% of the nation's wealth.

Corporate Income Tax: Most Large Profitable U.S. Corporations Paid Tax but Effective Tax Rates Differed Significantly from the Statutory Rate

Obviously, you need to read your own links before making a fool of yourself.

Oh really? Why haven't you explained why I am a fool yet?

 

[Meathead]

That's right. You conservatives can stop bitching about the corporate tax rate of 35% being too high because it means dick when it comes to the deductions and loopholes these corporations take advantage of. The US misses out on 100 billion per year in revenue. Imagine what we could afford to fix if we had that extra revenue?

Obviously we can afford to fix this problem. After all, corporate profits are at an all time high and the top 1% of earners already own 40% of the nation's wealth.

Corporate Income Tax: Most Large Profitable U.S. Corporations Paid Tax but Effective Tax Rates Differed Significantly from the Statutory Rate

Obviously, you need to read your own links before making a fool of yourself.

Oh really? Why haven't you explained why I am a fool yet?

I am familiar with your semi-literacy. Just read the title.

 

[ScienceRocks]

IT is amazing how much big corporations cheat our country out of money. They use our police, resources and roads, but when it comes time to pay for it = fuck you!


The corporate shills we call liberterians don't care.

 

[Billy000]

That's right. You conservatives can stop bitching about the corporate tax rate of 35% being too high because it means dick when it comes to the deductions and loopholes these corporations take advantage of. The US misses out on 100 billion per year in revenue. Imagine what we could afford to fix if we had that extra revenue?

Obviously we can afford to fix this problem. After all, corporate profits are at an all time high and the top 1% of earners already own 40% of the nation's wealth.

Corporate Income Tax: Most Large Profitable U.S. Corporations Paid Tax but Effective Tax Rates Differed Significantly from the Statutory Rate

Obviously, you need to read your own links before making a fool of yourself.

Oh really? Why haven't you explained why I am a fool yet?

I am familiar with your semi-literacy. Just read the title.

Lol I'm sorry if the title of the article is all you are able to comprehend but I encourage everyone else to rely on the article content.

 

[Billy000]

IT is amazing how much big corporations cheat our country out of money. They use our police, resources and roads, but when it comes time to pay for it = fuck you!


The corporate shills we call liberterians don't care.

One day they will care.

 

[Billy000]

Corporate Income Tax: Most Large Profitable U.S. Corporations Paid Tax but Effective Tax Rates Differed Significantly from the Statutory Rate

Here's more.

 

[whitehall]

It's not a loophole if it's the freaking law. The corporations pay other corporations full of tax attorneys and CPA's to get the deductions they legally deserve. Do you blame them? The tax corporations in turn employ people who pay taxes. The dirty little secret is that the corporations that the bigoted neo-socialist left loves to hate employ people who pay taxes and they produce a product that is taxed. Most of the time the private sector is way smarter than the fools who make the rules and the bureaucrat drones in federal government.The Obama appointees prove the point. If you wanna keep the same bull shit vote for Bernie or Hillie. Bernie is a phony elitist socialist and Hildabeast is the wife of one of the most crooked presidents in history who pardoned one of the FBI's 10 most wanted corporate thieves in exchange for a donation by his wife to the Klinton library. If you want to change the way the federal bureaucrat drones do business vote for Trump or Cruz.

 

[CrusaderFrank]

That's right. You conservatives can stop bitching about the corporate tax rate of 35% being too high because it means dick when it comes to the deductions and loopholes these corporations take advantage of. The US misses out on 100 billion per year in revenue. Imagine what we could afford to fix if we had that extra revenue?

Obviously we can afford to fix this problem. After all, corporate profits are at an all time high and the top 1% of earners already own 40% of the nation's wealth.

Corporate Income Tax: Most Large Profitable U.S. Corporations Paid Tax but Effective Tax Rates Differed Significantly from the Statutory Rate

This is why only people who pay taxes should vote. You cannot let someone this dumb have a say in government.

 

[Manonthestreet]

and in the next breath libs will tell us we need to prevent co from fleeing the US to avoid taxes.......

 

[Billy000]

It's not a loophole if it's the freaking law. The corporations pay other corporations full of tax attorneys and CPA's to get the deductions they legally deserve. Do you blame them? The tax corporations in turn employ people who pay taxes. The dirty little secret is that the corporations that the bigoted neo-socialist left loves to hate employ people who pay taxes and they produce a product that is taxed. Most of the time the private sector is way smarter than the fools who make the rules bureaucrat drones in federal government.The Obama appointees prove the point. If you wanna keep the same bull shit vote for Bernie or Hillie. Bernie is a phony elitist socialist and Hildabeast is the wife of one of the most crooked presidents in history who pardoned one of the FBI's 10 most wanted corporate thieves in exchange for a donation by his wife to the Klinton library. If you want to change the way the federal bureaucrat drones do business vote for Trump or Cruz.

You act as though just because it is legal it is morally just. Do you not see how lawmakers influenced by lobbyists have made these loopholes for the sole reason of making the rich even more rich? Nothing about this serves the greater good. The top 1% in America owns 40% of the nation's wealth and the middle class is shrinking. Why is that so hard to believe?

 

[Billy000]

That's right. You conservatives can stop bitching about the corporate tax rate of 35% being too high because it means dick when it comes to the deductions and loopholes these corporations take advantage of. The US misses out on 100 billion per year in revenue. Imagine what we could afford to fix if we had that extra revenue?

Obviously we can afford to fix this problem. After all, corporate profits are at an all time high and the top 1% of earners already own 40% of the nation's wealth.

Corporate Income Tax: Most Large Profitable U.S. Corporations Paid Tax but Effective Tax Rates Differed Significantly from the Statutory Rate

This is why only people who pay taxes should vote. You cannot let someone this dumb have a say in government.

Lol republicans would lose by a landslide in any election. Demographics prove that.

 

[jasonnfree]

That's right. You conservatives can stop bitching about the corporate tax rate of 35% being too high because it means dick when it comes to the deductions and loopholes these corporations take advantage of. The US misses out on 100 billion per year in revenue. Imagine what we could afford to fix if we had that extra revenue?

Obviously we can afford to fix this problem. After all, corporate profits are at an all time high and the top 1% of earners already own 40% of the nation's wealth.

Corporate Income Tax: Most Large Profitable U.S. Corporations Paid Tax but Effective Tax Rates Differed Significantly from the Statutory Rate

This is why only people who pay taxes should vote. You cannot let someone this dumb have a say in government.

Then only politicians (including presidents), should vote whether or not the country should go to war.

 

[healthmyths]

Those tax loopholes you complained about??
Add all the below tax expenditures and who benefits most?
-- Employees' health insurance premiums deduction from taxes in 2013 $248 billion -- tax break paying
for employees' insurance... who benefits??? Employees... little people...

-- Employees' pension payments.. total deduction from taxes in 2013 $137 billion

-- Employee mortgage interest deductions in 2013 $ 70 billion...

-- Employee SS/Railroad benefits deductions benefitting employees.. in 2013 $33 billion

-- Earned income tax credit totally directly to the Little people $61 billion
-- Child tax credit meaning little people deduct $57 billion from their taxes
This is directly related to the Little people... the firemen Warren talked to.. a total of $606 billion or 66%
of the total deductions "i.e. TAX LOOPHOLES that are taken... 66% taken for the benefit of the employees/little people...
RIGHT let's take all those tax benefits away and that would mean $606 billion more income to the Federal government!
THESE are the facts folks but again most of you LIPs are so ill-informed it is disgusting how dumb you guys are!
The Distribution of Major Tax Expenditures in the Individual Income Tax System

In summary those "corporate tax loopholes" pay for the health insurance/401ks that companies pay for.
PLUS...I am sure almost all of you idiots that think so poorly of "corporations" NEVER ever knew that for every dollar deducted from your paycheck for
Social Security and for Medicare now I'm going to SHOUT... IS MATCHED DOLLAR FOR DOLLAR BY YOUR EMPLOYER!
In 2016 the following Social Insurance Revenue which consists of employees AND employers payments:
Old Age Survivors Insurance $655.1 Billion
Disability Insurance (Medicare) 142.5
Hospital Insurance (Medicare 243.5
Total Revenue of over $1.041 TRILLION... of WHICH EMPLOYERS contributed : $521 BILLION!
US Government Total Revenue Chart Gallery
So let's do away with those deductions???

Ever hear or read of double taxation on shareholders?
Of course not ! You extremely ignorant people have no idea that when a corporation after deducting wages,salaries,benefits,cost of goods, additional overhead..
THAT which is left over is considered pre-tax income.
NOW the Federal government taxes that at anywhere from zero as you are complaining about to as much as 35%!
BUT to you really ignorant people do you know that the government forces companies to pay dividends? YUP...and I can prove it if you don't believe me!
So guess what happens! Dividends are paid to shareholders who GUESS WHAT?? PAY TAXES on the dividends!

So this crap about corporations getting away with out paying any taxes is a total bogus LIE!
What the hell is $521 Billion a year in employers' payments to SS/Medicare if not a TAX???
What the hell is the employers paying over $248 billion in health insurance premiums if not a TAX??

NO you idiots who have no idea of how businesses/corporations operate are just plain DUMB!!!

 

[flacaltenn]

That's right. You conservatives can stop bitching about the corporate tax rate of 35% being too high because it means dick when it comes to the deductions and loopholes these corporations take advantage of. The US misses out on 100 billion per year in revenue. Imagine what we could afford to fix if we had that extra revenue?

Obviously we can afford to fix this problem. After all, corporate profits are at an all time high and the top 1% of earners already own 40% of the nation's wealth.

Corporate Income Tax: Most Large Profitable U.S. Corporations Paid Tax but Effective Tax Rates Differed Significantly from the Statutory Rate

This is yet another example of leftists having NO CLUE as to how things work. They are economically illiterate and unable to put statistical "facts" into the context of American free market economy..

Who are "most corporations"?? By NUMBER --- they are TINY privately held groups with no public stock and their biggest liability is the SALARIES drawn by the key partners. THAT'S why 2/3 of corporations "pay no Fed taxes. BUT --- how it works is --- those SALARIES are taxed as INDIVIDUAL INCOME --- you dolt. They milk the corporation for salaries, leaving just enough for equipment, overhead, expansions.

Then when you get to REAL corporations -- the kind that you see NYSE or NASDAQ you find..

Of those large corporations whose financial statements reported a profit, 19.5 percent paid no federal income tax that year.

Well - that's a different story ain't it??? So why is that?? Because of TAX BENEFITS carved out by Congress. Things you LOVE as a lefttist.. Like HUGE bucks for wind and solar. Money for ELON Musk to make trophy cars for Millionaires, subsidies for every "energy efficient" dishwasher that GE sells. GE pays no taxes regularly just on their huge appliance sales for which they get tax credits on almost every item.

Can we take all those "green credits" away from them? I love to help you do that. NO corporation should get a DIME for a mature product that is ALREADY on the market. .

PERIOD..,...

 

[jasonnfree]

and in the next breath libs will tell us we need to prevent co from fleeing the US to avoid taxes.......

Nothing wrong with that. They flee the U.S.A. to avoid minimum wage laws as it is.

 

[healthmyths]

and in the next breath libs will tell us we need to prevent co from fleeing the US to avoid taxes.......

Nothing wrong with that. They flee the U.S.A. to avoid minimum wage laws as it is.

AND they also don't have to pay SS/Medicare which in 2016 is projected that EMPLOYERS will contribute over $521 billion in TAX revenue!
None of which they have to pay to off shore workers!
In addition off shore companies don't have to pay the over $248 billion in health insurance premiums they paid in 2013!
Plus these off shore companies don't have 401ks, pension plans,etc. which total another $137 billion in 2013!
Between those three TAXES nearly $1 trillion in taxes paid in the form of SS/Medicare/health insurance premiums/pension plans!
So why in the hell should any corporation be in the USA when they don't have to pay out nearly $1 trillion a year in above payments?

 

[healthmyths]

Of course idiot Democrats and corporation haters DON"T SEEM TO BE AWARE of this nearly $1 trillion in payments corporations make that they don't have to make
in off shore operations! Zero!

 

[Rustic]

That's right. You conservatives can stop bitching about the corporate tax rate of 35% being too high because it means dick when it comes to the deductions and loopholes these corporations take advantage of. The US misses out on 100 billion per year in revenue. Imagine what we could afford to fix if we had that extra revenue?

Obviously we can afford to fix this problem. After all, corporate profits are at an all time high and the top 1% of earners already own 40% of the nation's wealth.

Corporate Income Tax: Most Large Profitable U.S. Corporations Paid Tax but Effective Tax Rates Differed Significantly from the Statutory Rate

Federal income tax is unconstitutional