Most US Companies avoid paying income tax

[sealybobo]

How will it fix the economy? The idea behind a tax break, especially for the rich, and coroporation is that they will use the money that they would have been taxed to grow their businesses resulting in the need to hire more people and/or give raises. That's how the economy turns around. how exactley is the middle class getting a tax break going to create more jobs? How exactley is a relatively small tax break going to lead to some huge influx of cash into the economy?

Yes, I know that goal of the rich tax breaks. Didn't work. Instead of giving them tax breaks so they would hire, they should have given them tax breaks WHEN they hired.

Most conservatives and rich people aren't going to go spend their tax breaks. That's why they call them CONSERVatives. GOP I know socked that money away, because times are tough and they have to save double time for retirement, especially now that the dollar isn't worth what it used to be.

The last tax break to the middle class actually saved Bush from falling into a recession. Because we do spend the money. We have to. We make less and cost of living is more.

But I get your point. Middle class aren't going to hire people. So, change the tax breaks to say corporations get them WHEN they hire. And don't give tax breaks to rich individuals, because they just sock it away.

So don't give the middle class a tax break. Us democrats aren't the ones crying for tax breaks. So selfish for $600 you will trade off the middle class for your petty $600?

Give tax breaks to American companies that operate in America, and hire Americans, at a decent wage.

You are defending a system that just didn't work. 8 years later you are still clueless. Didn't work. Get it?

 

[Bern80]

Yes, I know that goal of the rich tax breaks. Didn't work. Instead of giving them tax breaks so they would hire, they should have given them tax breaks WHEN they hired.

Most conservatives and rich people aren't going to go spend their tax breaks. That's why they call them CONSERVatives. GOP I know socked that money away, because times are tough and they have to save double time for retirement, especially now that the dollar isn't worth what it used to be.

The last tax break to the middle class actually saved Bush from falling into a recession. Because we do spend the money. We have to. We make less and cost of living is more.

But I get your point. Middle class aren't going to hire people. So, change the tax breaks to say corporations get them WHEN they hire. And don't give tax breaks to rich individuals, because they just sock it away.

Quite honestly you are the liar. Saying you don't want to give government more money and at the same time saying the rich should be taxed more and the poor less are two statement that can't occupy the same world.

So don't give the middle class a tax break. Us democrats aren't the ones crying for tax breaks. So selfish for $600 you will trade off the middle class for your petty $600?

Give tax breaks to American companies that operate in America, and hire Americans, at a decent wage.

You are defending a system that just didn't work. 8 years later you are still clueless. Didn't work. Get it?

Sealy your notion of what constitutes reality is so skewed it's hard to have real conversation, simply because what you think reality is, just isn't the case. You're argument only works based based on your assumptions which you don't supply a shred of actual evidence for.

As I've alluded to in other threads there is an entire behaviorial/social component of the rich and poor debate that the left simply refuses to acknowdlge mainly because it just isn't convenient to their argument.

 

[sealybobo]

Sealy your notion of what constitutes reality is so skewed it's hard to have real conversation, simply because what you think reality is, just isn't the case. You're argument only works based based on your assumptions which you don't supply a shred of actual evidence for.

As I've alluded to in other threads there is an entire behaviorial/social component of the rich and poor debate that the left simply refuses to acknowdlge mainly because it just isn't convenient to their argument.

And that is?

 

[Bern80]

And that is?

How the rich got richer and the poor got poorer, I believe has a lot more to do with how we have evolved as a country. We're a convenience oriented society. When given the choice we will pick easy over hard. Technology in this country has moved in that way in many respects because it's what we demand. The problem is making oneself rich isn't easy. The Paris Hilton's of the world are the exception to how people become rich, not the rule. And the fact is fewer and fewer people simply aren't willing to put in the effort it would take to become rich. For a vareity of reasons, some are lazy, some made bad choices, some don't care, some are content with what they have. Most all of them though certainly have the potential, it just never gets used.

and see post 43 of "it's not to late..." for examples of completely basless, most likely false assumptions.

 

[Chris]

Ya cause actually EARNING retirement payments, one should refuse to accept them cause that is socialism at work. We have had THIS conversation.

Another guy on the public sugar tit complaining about "socialism."

Typical.

 

[Anguille]

Another guy on the public sugar tit complaining about "socialism."

Typical.

Ya gotta love ol' Sarge.

 

[sealybobo]

where's gunny, allie, charles, jreeves? All the people who think Corporations already pay too much in taxes. HA!!!

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.

Funny you argued with me in 2008 but in 2016 you lying Republicans now admit it because GE CEO is Obama's czar. Today you guys admit what you wouldn't admit in 2008. What does that say about you guys?

 

[Rshermr]

Why are you fighting to help corporations and rich people pay less in taxes when you know the tax burden will ultimately fall on you?

I know what you are saying. You are dead wrong. That's right wing talk. To suggest that I don't want the government to spend less is silly. And then I want all of our taxes to go down. Not just the rich.

And to compound the problems, the GOP spent more than ever before.

And their unfair tax breaks to the rich didn't work. I say giving the middle class a tax break is what will fix the economy. So let's try that next.

And I don't want corporations and rich people paying zero taxes either. How do you feel about people who don't pay their taxes? Traitors? Unpatriotic?

The rich and powerful look down on us and laugh that people like you defend them. Without you, they wouldn't be as powerful as they are. They would always be rich, but with you they also get power!!! Sucker.

How will it fix the economy? The idea behind a tax break, especially for the rich, and coroporation is that they will use the money that they would have been taxed to grow their businesses resulting in the need to hire more people and/or give raises. That's how the economy turns around. how exactley is the middle class getting a tax break going to create more jobs? How exactley is a relatively small tax break going to lead to some huge influx of cash into the economy?

Perhaps you would like to suggest when dropping taxes on the wealthy has ever helped during a bad economy. What you are missing, besides a brain, is that most recessions are Aggregate Demand Recessions, me boy. And cutting taxes to the rich has been tried multiple times. And never, ever works. And if you have half a brain, you would understand why. The question, me boy, is why would a company, corporation or whatever type you want, decide to take tax savings and produce more when there is not sufficient demand to cause customers to buy the additional production. Or did you assume that they just like to add to their inventory??
Which is why, for Reagan in 1981-1982, did not work. Instead, the unemployment rate went from 7.4% to over 10.8% in just about 1 year. Or why, when the cbo looked at the tax cuts for the wealthy in the Obama stimulus, they said it was the least effective part of the stimulus. Little to no stimulus of any kind.
You see, if your recession is based on insufficient demand, it is a really good idea to increase demand, me boy. And that part of the stimulus DID work, according to the CBO. As it did for Reagan from late 1982 on.
So, a little time spent looking at economic history actually helps get a clue.
If you would like me to explain to you how stimulating demand works, let me know. Though I doubt it would take with you.

 

[Markle]

Unlike the rest of us, most U.S. corporations and foreign companies doing business in the United States pay no federal income tax, according to a new report from Congress. The study by the Government Accountability Office, expected to be released Tuesday, said two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, and about 68 percent of foreign companies doing business in the U.S. avoided corporate taxes over the same period.

news feeds | The Daily Scare

Are you naturally this ignorant or do you have to work at it?

Many corporations are set up with no intention of it showing a profit. They are set up for the purposes of limiting liability and to funnel the income to another entity.

As a Realtor for over 40 years, at various times I've had as many as five separate corporations. None of which were ever intended to show a profit but to funnel their income to me personally where I paid income taxes. It kept the bookkeeping separate, expenses, income etc. I had my income from listings and sales, I owned and was a partner in real estate and construction companies, I had rental property I actually paid a management company to handle for me. I am also a licensed real estate instructor and teach part time for a prominent real estate school in our area. I am also a certified instructor for the Florida Association of Realtors and the National Association of Realtors traveling around our state and the country. I am on a number of professional speaking bureaus and conduct my own seminars. To be honest, I'm not sure how it all worked, but it did and that's why I had the same CPA all that time. My favorite answer was..."give it to Tony".

Millions of people do the same.

 

[EdwardBaiamonte]

most recessions are Aggregate Demand Recessions, me boy. .

100% stupid and liberal as always:

1) a lack of demand recession is just another way that libturds seek more welfare to buy votes. More welfare= more demand=a booming economy. Totally stupid of course. If true we'd always have a booming economy.

2) truth is a slow or recessed economy requires the supply of new inventions and new efficiencies. Thats how we grew from the stone to here and how any further growth will occur.

Now even you can understand supply side economics!! Questions???

 

[Markle]

Look at what your party has done to the economy and say we are stupid.

Thank you for Econ 101 retard. So is the solution that Corporations should never pay taxes because if we tax them, they'll just pass on the costs to us consumers? Well then don't buy their ******* products. Then they'll lower their prices to a level that you can afford.

What is it that you just have to have that you will pay whatever they ask? Dildo's?

You guys are funny. Income tax started out as being something companies paid. It is unconstitutional to tax individuals income. Yet somehow they convinced you that it is not good to tax the corporations and it is patriotic to pay income tax. They won. We lost. We can't win with guys like you on our team.

Your ignorance is really stunning!

I'm not sure how to simplify this for you.

If the taxes go up on corporations (sheer insanity), they go up on all corporations so all corporations pass those taxes on to their only source of income, the consumer. So if the tax on each razor scooter goes up by $1.00 per unit from company "A", it will go up by $1.00 per unit from company "B". This is not high mathematics, more like third-grade arithmetic.

Even you don't believe the malarkey you pedal, you just love stirring the pot.

 

[EdwardBaiamonte]

why would a company, corporation or whatever type you want, decide to take tax savings and produce more when there is not sufficient demand to cause customers to buy the additional production. .

100% stupid of course!! There is no demand for a car that gets 1 MPG but unlimited demand for a car that gets 200 MPG, especially is a recession. 1+1=2

 

[Markle]

Wrong as usual. You think we have businesses fleeing now, try taxing them as much as you seem to think we should, all of them will leave that can and the rest will file bankruptcy. You are as stupid as they come.

Then they can't do business in the United States. Or we tariff them if they try to import.

Listen to Obama. Yes We Can!

You are so negative, and wrong.

And please go with them when they leave. Where will they/you go?

 

[Markle]

Your link does not differentiate between small and large and you know it.

His link doesn't, but mine says 25% of the largest companies paid no taxes in 2005. Shall I post it again?

Why do you guys keep sticking up for corporations that get away with this? It makes no sense at all.

Specifically, who pays corporate taxes. What is the source of a corporation's income? Please be specific.

 

[Rshermr]

most recessions are Aggregate Demand Recessions, me boy. .

100% stupid and liberal as always:

1) a lack of demand recession is just another way that libturds seek more welfare to buy votes. More welfare= more demand=a booming economy. Totally stupid of course. If true we'd always have a booming economy.

2) truth is a slow or recessed economy requires the supply of new inventions and new efficiencies. Thats how we grew from the stone to here and how any further growth will occur.

Now even you can understand supply side economics!! Questions???

Please, me poor ignorant con tool Show us all, from your deep level of economic historical knowledge, when supply side policies ever got us out of a recession.
Or simply admit you are too stupid to be alive.

 

[Rshermr]

Your link does not differentiate between small and large and you know it.

His link doesn't, but mine says 25% of the largest companies paid no taxes in 2005. Shall I post it again?

Why do you guys keep sticking up for corporations that get away with this? It makes no sense at all.

Specifically, who pays corporate taxes. What is the source of a corporation's income? Please be specific.

Corporations pay taxes. Simple. But they cheat every way they can to limit what they pay. Which is how many pay no taxes at all. Because they have the money to get their paid lackeys, also known as congressmen, to provide them with the ways their highly paid accountants and lawyers want to limit what they have to pay.
Have you always been this stupid, or have you been working at it.

 

[Rshermr]

Unlike the rest of us, most U.S. corporations and foreign companies doing business in the United States pay no federal income tax, according to a new report from Congress. The study by the Government Accountability Office, expected to be released Tuesday, said two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, and about 68 percent of foreign companies doing business in the U.S. avoided corporate taxes over the same period.

news feeds | The Daily Scare

Are you naturally this ignorant or do you have to work at it?

Many corporations are set up with no intention of it showing a profit. They are set up for the purposes of limiting liability and to funnel the income to another entity.

As a Realtor for over 40 years, at various times I've had as many as five separate corporations. None of which were ever intended to show a profit but to funnel their income to me personally where I paid income taxes. It kept the bookkeeping separate, expenses, income etc. I had my income from listings and sales, I owned and was a partner in real estate and construction companies, I had rental property I actually paid a management company to handle for me. I am also a licensed real estate instructor and teach part time for a prominent real estate school in our area. I am also a certified instructor for the Florida Association of Realtors and the National Association of Realtors traveling around our state and the country. I am on a number of professional speaking bureaus and conduct my own seminars. To be honest, I'm not sure how it all worked, but it did and that's why I had the same CPA all that time. My favorite answer was..."give it to Tony".

Millions of people do the same.

Uh, what you were was/is a Type S corporation, dipshit. As a definition, corporate profits of S type corporations go to the owner who pays individual rate taxes. You should really get a clue.

 

[sealybobo]

Wrong as usual. You think we have businesses fleeing now, try taxing them as much as you seem to think we should, all of them will leave that can and the rest will file bankruptcy. You are as stupid as they come.

Then they can't do business in the United States. Or we tariff them if they try to import.

Listen to Obama. Yes We Can!

You are so negative, and wrong.

And please go with them when they leave. Where will they/you go?

Today I read our founders were very concerned that we manufacture here in the USA. They didn't want us dependent on England and other countries so one of the first things they did was tariff imports

 

[Rshermr]

why would a company, corporation or whatever type you want, decide to take tax savings and produce more when there is not sufficient demand to cause customers to buy the additional production. .

100% stupid of course!! There is no demand for a car that gets 1 MPG but unlimited demand for a car that gets 200 MPG, especially is a recession. 1+1=2

Thank you, me poor ignorant troll, for proving you are a congenital idiot.

 

[sealybobo]

Look at what your party has done to the economy and say we are stupid.

Thank you for Econ 101 retard. So is the solution that Corporations should never pay taxes because if we tax them, they'll just pass on the costs to us consumers? Well then don't buy their ******* products. Then they'll lower their prices to a level that you can afford.

What is it that you just have to have that you will pay whatever they ask? Dildo's?

You guys are funny. Income tax started out as being something companies paid. It is unconstitutional to tax individuals income. Yet somehow they convinced you that it is not good to tax the corporations and it is patriotic to pay income tax. They won. We lost. We can't win with guys like you on our team.

Your ignorance is really stunning!

I'm not sure how to simplify this for you.

If the taxes go up on corporations (sheer insanity), they go up on all corporations so all corporations pass those taxes on to their only source of income, the consumer. So if the tax on each razor scooter goes up by $1.00 per unit from company "A", it will go up by $1.00 per unit from company "B". This is not high mathematics, more like third-grade arithmetic.

Even you don't believe the malarkey you pedal, you just love stirring the pot.

You're so dumb. Maybe instead of passing the costs on to us the CEO just doesn't get as big of a bonus.

Razor scooter companies charge what the market will bare. If they charge consumers too much they won't buy.

And if you can afford $3000 for a scooter you can afford $3100. Pay your ******* taxes. It's patriotic