So, France is Scrapping its 75% Tax Rate

[saintmichaeldefendthem]

Mind giving us some links? I have one showing Camp (R) that had been pushing for that.

Oh good. Well, since nobody actually pays the exorbitant 35% rate, then you Leftwats won't object to dropping that rate down to say...15%, would you?
Oh, you do object?

Can you read? Plenty of small businesses pay the top rate, as they don't have lawyers or Pub cronies giving them loopholes.

Oh, good, then that means all the more, you'd want to lower that corporate tax rate to help struggling businesses that can't afford armies of tax attornies to avail themselves of all the loopholes.

Wait, you STILL don't want to lower the tax rate?

CAN YOU READ? "Dems want a 25% rate with fewer loopholes, which your a-hole heroes are fighting to the death for their cronies. duh."

Oh good. Well, since nobody actually pays the exorbitant 35% rate, then you Leftwats won't object to dropping that rate down to say...15%, would you?

Oh, you do object?

Can you read? Plenty of small businesses pay the top rate, as they don't have lawyers or Pub cronies giving them loopholes.

Oh, good, then that means all the more, you'd want to lower that corporate tax rate to help struggling businesses that can't afford armies of tax attornies to avail themselves of all the loopholes.

Wait, you STILL don't want to lower the tax rate?

CAN YOU READ? "Dems want a 25% rate with fewer loopholes, which your a-hole heroes are fighting to the death for their cronies. duh."

It's Democrats who are pushing for lower corporate tax rates? Beside Sen. Sherrod Brown who's pushing to lower taxes? From what I read, the only thing Democrats want to do is get rid of "loopholes" so that companies cannot write off their losses and are forced to pay the punishing rate.

You guys, of course, are in the Fox Rush etc news blackout zone...Go Bills!

So I guess that means you can't back up your claim. That's a relief! For a moment there I thought that Democrats were reverting to JFK policies of reducing taxes to spur economic growth. If you all did that, then I wouldn't be able to tell you apart from Republicans.

 

[francoHFW]

Keep guessing, dingbat. You do have a computer, right?

 

[francoHFW]

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&ved=0CCMQFjAB&url=http://www.nytimes.com/2012/02/22/business/economy/obama-offers-to-cut-corporate-tax-rate-to-28.html?pagewanted=all&ei=10qgVJbhG5DZgwT8poTADw&usg=AFQjCNG7C0L0TiKAy4ic5fkmuoQHy29R5g&sig2=6nhiTYeYtU6B4rD_mslZnw

President Obama will ask Congress to scrub the corporate tax code of dozens of loopholes and subsidies to reduce the top rate to 28 percent, down from 35 percent, while giving preferences to manufacturers that would set their maximum effective rate at 25 percent, a senior administration official said on Tuesday.

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Timothy F. Geithner, the Treasury secretary.

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Mr. Obama also would establish a minimum tax on multinational corporations’ foreign earnings, the official said, to discourage “accounting games to shift profits abroad” or actual relocation of production overseas.

 

[francoHFW]

Pubs blocked all that, as well as anything else constructive, of course. Great job, Pubbies!

 

[depotoo]

Oh, so it wasn't the dems in Congress pushing it. I see.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&ved=0CCMQFjAB&url=http://www.nytimes.com/2012/02/22/business/economy/obama-offers-to-cut-corporate-tax-rate-to-28.html?pagewanted=all&ei=10qgVJbhG5DZgwT8poTADw&usg=AFQjCNG7C0L0TiKAy4ic5fkmuoQHy29R5g&sig2=6nhiTYeYtU6B4rD_mslZnw

President Obama will ask Congress to scrub the corporate tax code of dozens of loopholes and subsidies to reduce the top rate to 28 percent, down from 35 percent, while giving preferences to manufacturers that would set their maximum effective rate at 25 percent, a senior administration official said on Tuesday.

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Andrew Harrer/Bloomberg News
Timothy F. Geithner, the Treasury secretary.

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Readers shared their thoughts on this article.

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Mr. Obama also would establish a minimum tax on multinational corporations’ foreign earnings, the official said, to discourage “accounting games to shift profits abroad” or actual relocation of production overseas.

 

[francoHFW]

You see nothing lol.

 

[Katzndogz]

When the rich left France, they didn't only take the tax increase away, they took the taxes they were already paying away.

That's what will happen here and should happen here. Companies that don't like American taxes can just cut all ties to the United States and move completely out of the country.

 

[bripat9643]

READ!: You're a complete chump of the greedy idiot GOP. As corporate taxes go now, there is a 35% corporate tax (TWELVE per cent EFFECTIVE rate) that giant corps with hundreds of lawyers don't pay at all, while small businesses get screwed. Dems want a 25% rate with fewer loopholes, which your a-hole heroes are fighting to the death for their cronies. duh.

I'm curious. I keep seeing this term "effective tax rate" but no one has ever explain how it is calculated. Can you show us the math?

Profit divided by tax. Duh.

The law requires them to pay 35% on their net profit, so you're obviously full shit. You're not using their declared profit to do the calculation. Your Using Some made up number.

 

[bripat9643]

READ!: You're a complete chump of the greedy idiot GOP. As corporate taxes go now, there is a 35% corporate tax (TWELVE per cent EFFECTIVE rate) that giant corps with hundreds of lawyers don't pay at all, while small businesses get screwed. Dems want a 25% rate with fewer loopholes, which your a-hole heroes are fighting to the death for their cronies. duh.

Oh good. Well, since nobody actually pays the exorbitant 35% rate, then you Leftwats won't object to dropping that rate down to say...15%, would you?

Oh, you do object?

Can you read? Plenty of small businesses pay the top rate, as they don't have lawyers or Pub cronies giving them loopholes.

Oh, good, then that means all the more, you'd want to lower that corporate tax rate to help struggling businesses that can't afford armies of tax attornies to avail themselves of all the loopholes.

Wait, you STILL don't want to lower the tax rate?

Demo think legitimate business expenses are "loopholes."

READ!: You're a complete chump of the greedy idiot GOP. As corporate taxes go now, there is a 35% corporate tax (TWELVE per cent EFFECTIVE rate) that giant corps with hundreds of lawyers don't pay at all, while small businesses get screwed. Dems want a 25% rate with fewer loopholes, which your a-hole heroes are fighting to the death for their cronies. duh.

Oh good. Well, since nobody actually pays the exorbitant 35% rate, then you Leftwats won't object to dropping that rate down to say...15%, would you?

Oh, you do object?

Can you read? Plenty of small businesses pay the top rate, as they don't have lawyers or Pub cronies giving them loopholes.

Oh, good, then that means all the more, you'd want to lower that corporate tax rate to help struggling businesses that can't afford armies of tax attornies to avail themselves of all the loopholes.

Wait, you STILL don't want to lower the tax rate?

CAN YOU READ? "Dems want a 25% rate with fewer loopholes, which your a-hole heroes are fighting to the death for their cronies. duh."

 

[francoHFW]

I think you might do some research rather thank parrot idiotic talking points.

The Sorry State of Corporate Taxes | Citizens for Tax Justice
www.ctj.org/corporatetaxdodgers/sorrystateofcor...
Citizens for Tax Justice
But many corporations pay far less, or nothing at all, because of the many tax ... While the federal corporate tax law ostensibly requires big corporations to pay a 35 ... The tax laws were not enacted in a vacuum; they were adopted in response ...
[PDF]Fact Sheet: Offshore Corporate Tax Loopholes - Americans ...
www.americansfortaxfairness.org/.../ATF-Offshore-Corporate-Tax-Loop...
Many U.S. corporations use offshore tax havens and other accounting gimmicks to avoid paying as much as $90 billion a year in federal income taxes. A large ...
Close Corporate Tax Loopholes | U.S. PIRG
U.S. PIRG The Federation of State PIRGs › Issues
Public Interest Research Group
No company should be able to game the tax system to avoid paying what it ... so many of those deals gave the corporations huge tax write offs at the expense of ...
1 10 Corporate Tax Dodgers You Should Know About
billmoyers.com/.../10-companies-that-dodge-corporate-ta...
Bill D. Moyers
May 29, 2014 - This gave FedEx a huge tax subsidy worth $2.1 billion. ... Pfizer paid no US income taxes from 2010 to 2012 while earning $43 billion worldwide. ... I don't doubt the accuracy of this report and I understand that tax loopholes and offshore accounts play a .... There are so many things wrong with this picture.
Corporate Tax Dodgers: 10 Companies and Their Tax ...
Corporate Tax Dodgers 10 Companies and Their Tax Loopholes - IPS
Institute for Policy Studies
Apr 15, 2013 - Corporate Tax Dodgers: 10 Companies and Their Tax Loopholes ... Had $17.2 billion in profits offshore in 2012 on which it paid no U.S. taxes. ... Many U.S. corporations pay a higher tax rate to foreign governments than they do here ... Dozens of large and profitable companies paid nothing in recent years.
Many big U.S. corporations pay very little in taxes: study ...
www.reuters.com/.../us-usa-tax-corporate-idUSBREA1P04Q2014...
Reuters
Feb 25, 2014 - Many big U.S. corporations pay very little in taxes: study ... U.S. corporations paid little or no federal income tax from 2008 to 2012, according to ... cite them in criticizing the tax code as too complex and riddled with loopholes.
America's Corporate Tax Problem Is That Big Corporations ...
www.usnews.com/.../americas-corporate-tax-...
U.S. News & World Report
Jan 17, 2014 - But it's not due to America's tax rates, as many big business CEOs ... and loopholes in it that many U.S. multinational corporations pay little to no ...
Corporate Tax Loopholes - Huffington Post
www.huffingtonpost.com/.../corporate-tax-loophole...
The Huffington Post
Today, we have more wealth and income inequality than any major country ... Did the Right Thing, But Most Corporations Won't Without a Change in Tax Rules ... On top of devastating the country, wiping out many people's savings, and .... the company could use a legal loophole to avoid paying taxes on millions of dollars.
8 Ridiculous Tax Loopholes: How Companies Are Avoiding ...
www.thedailybeast.com/.../8-ridiculous-tax-loopholes-ho...
The Daily Beast
Feb 25, 2012 - General Electric, Google, Pfizer, and many other companies use this technique. ... It's one of the loopholes that allow corporations to pay no taxes during ... By the front desk where Marrero would sit was a huge reproduction of ...

 

[francoHFW]

Meanwhile, small business gets screwed. Their Fed ONLY effective rate is 19.8%, while big corporation effective rate brings the entire business rate down to 12%. Pubs screwing the little guy again.

 

[francoHFW]

boomp

 

[Rozman]

How can France survive without taxing the living shit out of it's people?

 

[francoHFW]

There are at least 5 EU countries that tax more, and there isn't much difference us and them if you include our health insurance costs, state and local taxes and fees that are higher. We get a bad deal, especially after 30 years of Reaganism. Btw, the 75% tax never happened.

Effective Tax Rates Around the World The Big Picture

 

[Listening]

BBC News - France s 75 tax rate gains approval by top court

France's 75% tax rate gains approval by top court

Hmmmmmm.......

 

[Listening]

There are at least 5 EU countries that tax more, and there isn't much difference us and them if you include our health insurance costs, state and local taxes and fees that are higher. We get a bad deal, especially after 30 years of Reaganism. Btw, the 75% tax never happened.

Effective Tax Rates Around the World The Big Picture

US. is at 25% and France is at 42%...not much difference ?

 

[francoHFW]

Can you read? They also have the best free health care, day care etc free. Much better roads and infrastructure after 30 years of Reaganism.

 

[francoHFW]

They baxically pay the same income tax as us. They have a helluva lot of social security, and get their money's worth. Free nursing homes, much better pensions GUARANTEED, etc etc.

 

[auditor0007]

I'm sure the Libs here are outraged.

75% is basically absurd. While you may find a few liberals who support such high taxes, most realize that there is a limit. The real question is what should that limit be?

 

[Wyatt earp]

Can you read? They also have the best free health care, day care etc free. Much better roads and infrastructure after 30 years of Reaganism.

And the US taxpayers protects their cheap butts